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Livermore
Livermore
ZHEN

Wunderlich Capital Managemnt

SEC CIK
0001599273
Latest filing
Aug 14, 2024

The latest 13F from Wunderlich Capital Managemnt covers Q2 2024 (filed Aug 14, 2024): 105 long positions worth $224.0M. The top 10 holdings make up 31.8% of the portfolio, and the largest is JPMorgan Ultra-Short Income ETF at 7.3%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2024

Share counts compared with Q1 2024: 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
8
Est. +$215.1K
Added
48
Est. +$6.30M
Reduced
35
Est. −$3.17M
Sold out
10
Est. −$3.63M

Top 5 holdings

Share of this quarter's portfolio value

  1. JPMorgan Ultra-Short Income ETF46641Q837
    7.3%$16.3M
  2. Google Inc38259P508
    3.3%$7.39M
  3. MSFTMicrosoft Corp
    3.2%$7.26MHistory
  4. AMZNAmazon Com Inc
    3.0%$6.79MHistory
  5. AAPLApple Inc.
    3.0%$6.74MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. JPMorgan Ultra-Short Income ETF46641Q837
    +$2.04MAdded
  2. Invesco Exchange Traded FD T46137V357
    +$697.0KAdded
  3. UBERUber Technologies, Inc
    +$422.9KAddedHistory
  4. WDAYWorkday, Inc.
    +$180.0KAddedHistory
  5. UNHUnitedHealth Group Inc
    +$169.1KAddedHistory

Largest weight increases

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

  1. JPMorgan Ultra-Short Income ETF46641Q837
    +0.85 pp6.4% → 7.3%
  2. Google Inc38259P508
    +0.54 pp2.8% → 3.3%
  3. Invesco Exchange Traded FD T46137V357
    +0.31 pp<0.1% → 0.3%
  4. AMZNAmazon Com Inc
    +0.19 pp2.8% → 3.0%History
  5. ADBEAdobe Inc.
    +0.19 pp1.3% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BDXBecton Dickinson & Co
    −$1.51MSold outHistory
  2. BABoeing Co
    −$1.42MReducedHistory
  3. JNJJohnson & Johnson
    −$925.4KSold outHistory
  4. PYPLPayPal Holdings, Inc.
    −$678.3KReducedHistory
  5. DEODiageo PLC
    −$564.8KSold outHistory

Largest weight decreases

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

  1. BDXBecton Dickinson & Co
    −0.68 pp0.7% → 0.0%History
  2. BABoeing Co
    −0.68 pp0.7% → <0.1%History
  3. JNJJohnson & Johnson
    −0.42 pp0.4% → 0.0%History
  4. PYPLPayPal Holdings, Inc.
    −0.35 pp0.4% → <0.1%History
  5. DEODiageo PLC
    −0.25 pp0.3% → 0.0%History

Metrics

13F metrics for Q2 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$224.0M
+$2.22M (+1.0%) vs. prior quarter
Positions
105
−2 vs. prior quarter
Top 10 concentration
31.8%
Top 10 as share of value
Turnover
2.9%
Q2 2024, one quarter
Average holding period
12.3 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

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

Peak $224.4M (Q4 2021)

Q1 2021: $182.8MQ2 2021: $197.4MQ3 2021: $207.5MQ4 2021: $224.4MQ1 2022: $212.0MQ2 2022: $171.6MQ3 2022: $156.3MQ4 2022: $179.5MQ1 2023: $192.1MQ2 2023: $203.6MQ3 2023: $202.7MQ4 2023: $222.4MQ1 2024: $221.8MQ2 2024: $224.0M
Q1 2021Q2 2024
13F filings of Wunderlich Capital Managemnt by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2024Aug 14, 2024105$224.0MJPMorgan Ultra-Short Income ETFGoogle IncMSFTvs. Q1 2024SEC
Q1 2024May 15, 2024107$221.8MJPMorgan Ultra-Short Income ETFMSFTAMZNvs. Q4 2023SEC
Q4 2023Feb 15, 2024101$222.4MJPMorgan Ultra-Short Income ETFAMZNGoogle Incvs. Q3 2023SEC
Q3 2023Nov 15, 2023Amended92$202.7MJPMorgan Ultra-Short Income ETFAMZNGoogle Incvs. Q2 2023SEC
Q2 2023Aug 8, 202392$203.6MJPMorgan Ultra-Short Income ETFAAPLAMZNvs. Q1 2023SEC
Q1 2023May 9, 202388$192.1MiShares TrAAPLPWRvs. Q4 2022SEC
Q4 2022Feb 14, 202382$179.5MiShares TrJPMorgan Ultra-Short Income ETFVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202276$156.3MJPMorgan Ultra-Short Income ETFAAPLiShares Core U.S. Aggregate Bond ETFvs. Q2 2022SEC
Q2 2022Aug 15, 202281$171.6MJPMorgan Ultra-Short Income ETFiShares Core U.S. Aggregate Bond ETFGoogle Incvs. Q1 2022SEC
Q1 2022May 16, 202287$212.0MJPMorgan Ultra-Short Income ETFGoogle IncAAPLvs. Q4 2021SEC
Q4 2021Feb 14, 202289$224.4MGoogle IncAAPLiShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q3 2021SEC
Q3 2021Nov 15, 202189$207.5MiShares Iboxx $ Investment Grade Corporate Bond ETFGoogle InciShares Core U.S. Aggregate Bond ETFvs. Q2 2021SEC
Q2 2021Aug 17, 202184$197.4MiShares Core U.S. Aggregate Bond ETFiShares Iboxx $ Investment Grade Corporate Bond ETFGoogle Incvs. Q1 2021SEC
Q1 2021May 17, 202179$182.8MiShares Core U.S. Aggregate Bond ETFiShares Iboxx $ Investment Grade Corporate Bond ETFJPMorgan Ultra-Short Income ETF–SEC