Skip to main content
Livermore
Livermore
ZHEN

Surevest, LLC

SEC CIK
0001593842
Latest filing
Nov 14, 2022

The latest 13F from Surevest, LLC covers Q3 2022 (filed Nov 14, 2022): 528 long positions worth $367.6M. The top 10 holdings make up 26.6% of the portfolio, and the largest is iShares Russell 1000 Growth ETF at 4.2%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2022

Share counts compared with Q2 2022: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
22
Est. +$363.0K
Added
119
Est. +$16.3M
Reduced
106
Est. −$4.19M
Sold out
88
Est. −$1.12M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Russell 1000 Growth ETF464287614
    4.2%$15.4M
  2. iShares Core U.S. Aggregate Bond ETF464287226
    3.9%$14.5M
  3. iShares Core MSCI Total International Stock ETF46432F834
    3.8%$13.8M
  4. iShares MSCI Acwi Ex U.S. ETF464288240
    3.4%$12.3M
  5. AAPLApple Inc.
    3.0%$11.0MHistory

Share of portfolio

Top 5 holdings and the other 523 positions, by share of portfolio value

  1. iShares Russell 1000 Growth ETF4.2%
  2. iShares Core U.S. Aggregate Bond ETF3.9%
  3. iShares Core MSCI Total International Stock ETF3.8%
  4. iShares MSCI Acwi Ex U.S. ETF3.4%
  5. AAPL3.0%
  6. Other 523 positions81.8%

Biggest buys

New and added positions, by estimated amount bought

  1. BXSLBlackstone Secured Lending Fund
    +$1.71MAddedHistory
  2. iShares Core MSCI Total International Stock ETF46432F834
    +$1.51MAdded
  3. AAPLApple Inc.
    +$1.19MAddedHistory
  4. iShares Tr464287119
    +$1.15MAdded
  5. iShares Russell 1000 Growth ETF464287614
    +$834.6KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BXSLBlackstone Secured Lending Fund
    +0.46 pp0.4% → 0.8%History
  2. AAPLApple Inc.
    +0.45 pp2.5% → 3.0%History
  3. iShares Tr464287119
    +0.31 pp1.1% → 1.4%
  4. iShares Russell 1000 Growth ETF464287614
    +0.22 pp4.0% → 4.2%
  5. Vanguard Scottsdale FDS92206C680
    +0.18 pp<0.1% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard BD Index FDS921937793
    −$463.0KReduced
  2. Vanguard Ftse Developed Markets ETF921943858
    −$399.2KReduced
  3. iShares Core U.S. Aggregate Bond ETF464287226
    −$272.3KReduced
  4. iShares Tr464288109
    −$245.8KReduced
  5. JPMJPMorgan Chase & Co
    −$196.8KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Vanguard BD Index FDS921937793
    −0.15 pp0.4% → 0.3%
  2. iShares Core U.S. Aggregate Bond ETF464287226
    −0.14 pp4.1% → 3.9%
  3. KMBKimberly Clark Corp
    −0.14 pp1.0% → 0.8%History
  4. iShares Tr464288109
    −0.13 pp2.0% → 1.9%
  5. Vanguard Ftse Developed Markets ETF921943858
    −0.13 pp0.2% → 0.1%

Metrics

13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$367.6M
−$13.7M (−3.6%) vs. prior quarter
Positions
528
−66 vs. prior quarter
Top 10 concentration
26.6%
Top 10 as share of value
Turnover
1.4%
Q3 2022, one quarter
Average holding period
5.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $422.0M (Q4 2021)

Q1 2021: $330.7MQ2 2021: $383.7MQ3 2021: $395.9MQ4 2021: $422.0MQ1 2022: $414.3MQ2 2022: $381.3MQ3 2022: $367.6M
Q1 2021Q3 2022
13F filings of Surevest, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2022Nov 14, 2022528$367.6MiShares Russell 1000 Growth ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Total International Stock ETFvs. Q2 2022SEC
Q2 2022Aug 15, 2022594$381.3MiShares Core U.S. Aggregate Bond ETFiShares Russell 1000 Growth ETFiShares Core MSCI Total International Stock ETFvs. Q1 2022SEC
Q1 2022May 16, 2022544$414.3MiShares Russell 1000 Growth ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Total International Stock ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022554$422.0MiShares MSCI Acwi Ex U.S. ETFVanguard Total Bond Market ETFAAPLvs. Q3 2021SEC
Q3 2021Oct 13, 2021108$395.9MiShares MSCI Acwi Ex U.S. ETFVanguard Total Bond Market ETFAAPLvs. Q2 2021SEC
Q2 2021Aug 6, 202199$383.7MiShares MSCI Acwi Ex U.S. ETFVanguard Total Bond Market ETFAAPLvs. Q1 2021SEC
Q1 2021Apr 19, 202192$330.7MVanguard Total Bond Market ETFiShares MSCI Acwi Ex U.S. ETFAAPL–SEC