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EisnerAmper Wealth Management Corporate Benefits, LLC

SEC CIK
0001624809
Latest filing
Jan 3, 2024

The latest 13F from EisnerAmper Wealth Management Corporate Benefits, LLC covers Q4 2023 (filed Jan 3, 2024): 67 long positions worth $273.7M. The top 10 holdings make up 56.9% of the portfolio, and the largest is iShares Core U.S. Aggregate Bond ETF at 17.0%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2023

Share counts compared with Q3 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
15
Est. +$30.5M
Added
7
Est. +$53.1M
Reduced
44
Est. −$40.2M
Sold out
5
Est. −$11.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core U.S. Aggregate Bond ETF464287226
    17.0%$46.5M
  2. Vanguard Dividend Appreciation ETF921908844
    7.4%$20.4M
  3. iShares Core S&P 500 ETF464287200
    5.0%$13.7M
  4. iShares S&P 500 Growth ETF464287309
    4.8%$13.1M
  5. Vanguard Whitehall FDS921946810
    4.7%$12.9M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +$35.9MAdded
  2. Vanguard Dividend Appreciation ETF921908844
    +$15.2MAdded
  3. Vanguard Whitehall FDS921946810
    +$12.9MNew
  4. Innovator ETFs Trust45782C516
    +$4.68MNew
  5. American Centy ETF Tr025072877
    +$2.82MNew

Largest weight increases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +12.52 pp4.5% → 17.0%
  2. Vanguard Dividend Appreciation ETF921908844
    +5.33 pp2.1% → 7.4%
  3. Vanguard Whitehall FDS921946810
    +4.72 pp0.0% → 4.7%
  4. Innovator ETFs Trust45782C516
    +1.71 pp0.0% → 1.7%
  5. American Centy ETF Tr025072877
    +1.03 pp0.0% → 1.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$7.09MReduced
  2. Bondbloxx ETF Trust09789C788
    −$5.18MReduced
  3. J P Morgan Exchange Traded F46641Q332
    −$5.15MReduced
  4. Franklin Templeton ETF Tr35473P637
    −$4.39MSold out
  5. WisdomTree Tr97717Y527
    −$3.54MSold out

Largest weight decreases

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

  1. iShares Core S&P 500 ETF464287200
    −3.34 pp8.3% → 5.0%
  2. Bondbloxx ETF Trust09789C788
    −2.66 pp4.2% → 1.5%
  3. J P Morgan Exchange Traded F46641Q332
    −2.54 pp4.1% → 1.6%
  4. Franklin Templeton ETF Tr35473P637
    −1.96 pp2.0% → 0.0%
  5. WisdomTree Tr97717Y527
    −1.58 pp1.6% → 0.0%

Metrics

13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$273.7M
+$49.7M (+22.2%) vs. prior quarter
Positions
67
+10 vs. prior quarter
Top 10 concentration
56.9%
Top 10 as share of value
Turnover
20.8%
Q4 2023, one quarter
Average holding period
8.4 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

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

Peak $273.7M (Q4 2023)

Q1 2021: $185.3MQ2 2021: $198.1MQ3 2021: $198.6MQ4 2021: $219.9MQ1 2022: $208.3MQ2 2022: $188.3MQ3 2022: $175.5MQ4 2022: $195.7MQ1 2023: $206.8MQ2 2023: $208.9MQ3 2023: $224.0MQ4 2023: $273.7M
Q1 2021Q4 2023
13F filings of EisnerAmper Wealth Management Corporate Benefits, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Jan 3, 202467$273.7MiShares Core U.S. Aggregate Bond ETFVanguard Dividend Appreciation ETFiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 10, 202357$224.0MiShares Core S&P 500 ETFiShares S&P 500 Growth ETFSPDR Series Trustvs. Q2 2023SEC
Q2 2023Jul 11, 202355$208.9MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFWisdomTree Trvs. Q1 2023SEC
Q1 2023Apr 4, 202351$206.8MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFWisdomTree Trvs. Q4 2022SEC
Q4 2022Jan 3, 202352$195.7MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFSPDR Series Trustvs. Q3 2022SEC
Q3 2022Oct 3, 202241$175.5MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFSPDR Series Trustvs. Q2 2022SEC
Q2 2022Jul 1, 202243$188.3MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFWisdomTree Trvs. Q1 2022SEC
Q1 2022Apr 1, 202250$208.3MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFWisdomTree Trvs. Q4 2021SEC
Q4 2021Jan 3, 202248$219.9MiShares S&P 500 Growth ETFSPDR Series TrustVanguard Ftse Developed Markets ETFvs. Q3 2021SEC
Q3 2021Oct 1, 202148$198.6MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFWisdomTree Trvs. Q2 2021SEC
Q2 2021Jul 1, 202149$198.1MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFWisdomTree Trvs. Q1 2021SEC
Q1 2021Apr 1, 202147$185.3MiShares S&P 500 Growth ETFVanguard Ftse Developed Markets ETFWisdomTree Tr–SEC