River & Mercantile LLC
- SEC CIK
- 0001633903
- Latest filing
- Jan 30, 2025
The latest 13F from River & Mercantile LLC covers Q4 2024 (filed Jan 30, 2025): 25 long positions worth $332.2M. The top 10 holdings make up 88.6% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 42.3%. Livermore has 17 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q4 2024
Share counts compared with Q3 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.
- New
- 0
- Added
- 11
- Est. +$12.2M
- Reduced
- 10
- Est. −$12.2M
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Total Stock Market ETF92290876942.3%$140.5M
- Schwab U.S. Broad Market ETF80852410217.9%$59.6M
- Vanguard Scottsdale FDS92206C8136.4%$21.4M
- iShares Tr4642895116.3%$20.9M
- PIMCO ETF Tr72201R8173.8%$12.7M
Biggest buys
New and added positions, by estimated amount bought
- iShares Tr464289511+$10.2MAdded
- Vanguard Ftse Developed Markets ETF921943858+$496.3KAdded
- Vanguard Total Bond Market ETF921937835+$343.7KAdded
- iShares Core MSCI Total International Stock ETF46432F834+$231.1KAdded
- Vanguard Real Estate ETF922908553+$199.4KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Total Bond Market ETF921937835+0.15 pp1.8% → 1.9%
- iShares Iboxx $ Investment Grade Corporate Bond ETF464287242+0.06 pp0.6% → 0.7%
- Vanguard Ftse Developed Markets ETF921943858+0.06 pp3.4% → 3.5%
- First Tr Exch Traded FD III33739E108+0.05 pp1.0% → 1.1%
- SPDR Series Trust78468R622+0.04 pp0.7% → 0.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Scottsdale FDS92206C813−$8.78MReduced
- Vanguard Morningstar Total Stock Market ETF922908769−$1.66MReduced
- PIMCO ETF Tr72201R817−$829.2KReduced
- Schwab U.S. Broad Market ETF808524102−$492.6KReducedConverted for a 3-for-1 split
- Vanguard High Dividend Yield Index ETF921946406−$155.3KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Scottsdale FDS92206C813−2.74 pp9.2% → 6.4%
- PIMCO ETF Tr72201R817−0.14 pp4.0% → 3.8%
Metrics
13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $332.2M
- −$24.9M (−7.0%) vs. prior quarter
- Positions
- 25
- 0 vs. prior quarter
- Top 10 concentration
- 88.6%
- Top 10 as share of value
- Turnover
- 3.5%
- Q4 2024, one quarter
- Average holding period
- 11.7 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
16 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $391.8M (Q1 2024)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2024 | Jan 30, 2025 | 25 | $332.2M | Vanguard Morningstar Total Stock Market ETFSchwab U.S. Broad Market ETFVanguard Scottsdale FDS | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 6, 2024 | 25 | $357.1M | Vanguard Morningstar Total Stock Market ETFSchwab U.S. Broad Market ETFVanguard Scottsdale FDS | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 7, 2024 | 25 | $328.6M | Vanguard Morningstar Total Stock Market ETFSchwab U.S. Broad Market ETFVanguard Scottsdale FDS | vs. Q1 2024 | SEC |
| Q1 2024 | May 8, 2024 | 25 | $391.8M | Vanguard Morningstar Total Stock Market ETFVanguard Scottsdale FDSiShares Tr | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 22, 2024Amended | 25 | $380.1M | Vanguard Morningstar Total Stock Market ETFVanguard Scottsdale FDSiShares Tr | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 31, 2023 | 23 | $277.7M | Vanguard Morningstar Total Stock Market ETFSchwab U.S. Broad Market ETFiShares Tr | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 7, 2023 | 23 | $256.0M | Vanguard Morningstar Total Stock Market ETFSchwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 1, 2023 | 22 | $226.1M | Vanguard Morningstar Total Stock Market ETFSchwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 6, 2023 | 22 | $215.5M | Vanguard Morningstar Total Stock Market ETFSchwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 4, 2022 | 22 | $158.6M | Schwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETFiShares Trust iShares 0-1 Year Treasury Bond ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 10, 2022 | 23 | $161.6M | Schwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETFiShares Trust iShares 0-1 Year Treasury Bond ETF | vs. Q1 2022 | SEC |
| Q1 2022 | May 11, 2022 | 23 | $200.0M | Schwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETFiShares Trust iShares 0-1 Year Treasury Bond ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 8, 2022 | 26 | $199.9M | Schwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETFiShares Trust iShares 0-1 Year Treasury Bond ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 5, 2021 | 27 | $201.2M | Schwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETFiShares Core MSCI Total International Stock ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 12, 2021 | 26 | $181.1M | Schwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETFiShares Core MSCI Total International Stock ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 10, 2021 | 27 | $219.8M | Schwab U.S. Broad Market ETFiShares MSCI USA Min Vol Factor ETFiShares Core MSCI Total International Stock ETF | – | SEC |