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Livermore
Livermore
ZHEN

Syntal Capital Partners, LLC

SEC CIK
0001608179
Latest filing
May 15, 2024

The latest 13F from Syntal Capital Partners, LLC covers Q1 2024 (filed May 15, 2024): 18 long positions worth $10.0M. The top 10 holdings make up 75.1% of the portfolio, and the largest is iShares Tr at 18.7%. Livermore has 14 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2024

Share counts compared with Q4 2023: 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
13
Est. +$8.40M
Added
1
Est. +$480.1K
Reduced
3
Est. −$856.5K
Sold out
6
Est. −$3.27M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464288257
    18.7%$1.87M
  2. iShares Tr464287457
    7.6%$756.5K
  3. Dimensional ETF Trust25434V807
    6.9%$691.4K
  4. Invesco QQQ Tr46090E107
    6.9%$687.3K
  5. Vanguard Morningstar Value ETF922908744
    6.5%$654.7K

Share of portfolio

Top 5 holdings and the other 13 positions, by share of portfolio value

  1. iShares Tr18.7%
  2. iShares Tr7.6%
  3. Dimensional ETF Trust6.9%
  4. Invesco QQQ Tr6.9%
  5. Vanguard Morningstar Value ETF6.5%
  6. Other 13 positions53.5%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288257
    +$1.87MNew
  2. iShares Tr464287457
    +$756.5KNew
  3. Dimensional ETF Trust25434V807
    +$691.4KNew
  4. Invesco QQQ Tr46090E107
    +$687.3KNew
  5. Vanguard Morningstar Value ETF922908744
    +$654.7KNew

Largest weight increases

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

  1. iShares Tr464288257
    +18.66 pp0.0% → 18.7%
  2. iShares Tr464287457
    +7.55 pp0.0% → 7.6%
  3. Dimensional ETF Trust25434V807
    +6.90 pp0.0% → 6.9%
  4. Invesco QQQ Tr46090E107
    +6.86 pp0.0% → 6.9%
  5. Vanguard Morningstar Value ETF922908744
    +6.53 pp0.0% → 6.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TFINTriumph Financial, Inc.
    −$1.65MSold outHistory
  2. iShares Core Dividend Growth ETF46434V621
    −$473.1KSold out
  3. iShares MSCI USA Momentum Factor ETF46432F396
    −$449.9KSold out
  4. HPKHighPeak Energy, Inc.
    −$409.1KReducedHistory
  5. SPYSPDR S&P 500 ETF Trust
    −$408.0KReducedHistory

Largest weight decreases

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

  1. TFINTriumph Financial, Inc.
    −32.67 pp32.7% → 0.0%History
  2. SPYSPDR S&P 500 ETF Trust
    −11.29 pp16.1% → 4.8%History
  3. iShares Core Dividend Growth ETF46434V621
    −9.39 pp9.4% → 0.0%
  4. iShares MSCI USA Momentum Factor ETF46432F396
    −8.93 pp8.9% → 0.0%
  5. Vanguard S&P 500 ETF922908363
    −8.10 pp8.1% → 0.0%

Metrics

13F metrics for Q1 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$10.0M
+$4.98M (+98.9%) vs. prior quarter
Positions
18
+7 vs. prior quarter
Top 10 concentration
75.1%
Top 10 as share of value
Turnover
54.9%
Q1 2024, one quarter
Average holding period
2.8 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

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

Peak $289.5M (Q3 2021)

Q1 2021: $264.5MQ2 2021: $283.6MQ3 2021: $289.5MQ4 2021: $233.2MQ1 2022: $255.9MQ2 2022: $225.8MQ3 2022: $223.1MQ4 2022: $252.5MQ1 2023: $273.5MQ2 2023: $249.5MQ3 2023: $128.7MQ4 2023: $5.04MQ1 2024: $10.0M
Q1 2021Q1 2024
13F filings of Syntal Capital Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024May 15, 202418$10.0MiShares TriShares TrDimensional ETF Trustvs. Q4 2023SEC
Q4 2023Feb 13, 202411$5.04MTFINSPYHPKvs. Q3 2023SEC
Q3 2023Nov 3, 2023106$128.7MHPKVanguard S&P 500 ETFiShares Trvs. Q2 2023SEC
Q2 2023Aug 7, 2023110$249.5MVanguard S&P 500 ETFiShares TrVanguard Ftse Developed Markets ETFvs. Q1 2023SEC
Q1 2023Apr 24, 2023118$273.5MiShares TrVanguard S&P 500 ETFHPKvs. Q4 2022SEC
Q4 2022Jan 31, 202397$252.5MiShares TrVanguard S&P 500 ETFHPKvs. Q3 2022SEC
Q3 2022Nov 14, 202293$223.1MiShares TrVanguard S&P 500 ETFHPKvs. Q2 2022SEC
Q2 2022Aug 15, 2022101$225.8MiShares Core S&P 500 ETFiShares TrHPKvs. Q1 2022SEC
Q1 2022May 13, 202294$255.9MiShares Core S&P 500 ETFHPKSPYvs. Q4 2021SEC
Q4 2021May 16, 2022Amended85$233.2MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFSPYvs. Q3 2021SEC
Q3 2021Nov 15, 202196$289.5MiShares Core S&P 500 ETFVanguard Inter Term T/Exempt Admiral SharesVanguard Limited Term Tax Exempt Admiral Shsvs. Q2 2021SEC
Q2 2021Aug 12, 2021117$283.6MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFSPYvs. Q1 2021SEC
Q1 2021May 17, 2021119$264.5MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFSPY–SEC