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Livermore
Livermore
ZHEN

Gratus Capital LLC

SEC CIK
0001652103
Latest filing
Jul 25, 2024

The latest 13F from Gratus Capital LLC covers Q2 2024 (filed Jul 25, 2024): 371 long positions worth $2.48B. The top 10 holdings make up 35.5% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 8.0%. 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
70
Est. +$79.3M
Added
191
Est. +$203.2M
Reduced
40
Est. −$59.0M
Sold out
13
Est. −$23.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    8.0%$197.5MHistory
  2. AAPLApple Inc.
    7.4%$182.5MHistory
  3. Vanguard Morningstar Growth ETF922908736
    5.4%$133.5M
  4. iShares Core MSCI Eafe ETF46432F842
    3.5%$85.8M
  5. Angel Oak Funds Trust03463K752
    2.3%$56.7M

Biggest buys

New and added positions, by estimated amount bought

  1. AAPLApple Inc.
    +$46.3MAddedHistory
  2. KOCoca Cola Co
    +$17.7MAddedHistory
  3. iShares Tr46434V878
    +$17.3MAdded
  4. CCJCameco Corp
    +$11.2MNewHistory
  5. ARMArm Holdings PLC
    +$9.84MNewHistory

Largest weight increases

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

  1. AAPLApple Inc.
    +2.24 pp5.1% → 7.4%History
  2. KOCoca Cola Co
    +0.66 pp0.6% → 1.2%History
  3. iShares Tr46434V878
    +0.64 pp0.5% → 1.1%
  4. CCJCameco Corp
    +0.45 pp0.0% → 0.5%History
  5. ARMArm Holdings PLC
    +0.40 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. INTUIntuit Inc.
    −$14.9MReducedHistory
  2. NVDANVIDIA Corp
    −$9.80MReducedConverted for a 10-for-1 splitHistory
  3. BASECouchbase, Inc.
    −$9.70MSold outHistory
  4. CRWDCrowdStrike Holdings, Inc.
    −$7.41MReducedHistory
  5. PYPLPayPal Holdings, Inc.
    −$7.17MReducedHistory

Largest weight decreases

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

  1. INTUIntuit Inc.
    −0.68 pp0.7% → <0.1%History
  2. BASECouchbase, Inc.
    −0.45 pp0.4% → 0.0%History
  3. PYPLPayPal Holdings, Inc.
    −0.39 pp0.4% → <0.1%History
  4. UBERUber Technologies, Inc
    −0.31 pp0.8% → 0.5%History
  5. PUBMPubMatic, Inc.
    −0.31 pp0.3% → 0.0%History

Metrics

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

Portfolio value
$2.48B
+$312.4M (+14.4%) vs. prior quarter
Positions
371
+57 vs. prior quarter
Top 10 concentration
35.5%
Top 10 as share of value
Turnover
3.5%
Q2 2024, one quarter
Average holding period
10.1 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 $2.48B (Q2 2024)

Q1 2021: $832.4MQ2 2021: $901.4MQ3 2021: $931.5MQ4 2021: $1.08BQ1 2022: $1.04BQ2 2022: $891.2MQ3 2022: $938.7MQ4 2022: $1.21BQ1 2023: $1.30BQ2 2023: $1.45BQ3 2023: $1.46BQ4 2023: $1.76BQ1 2024: $2.17BQ2 2024: $2.48B
Q1 2021Q2 2024
13F filings of Gratus Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2024Jul 25, 2024371$2.48BNVDAAAPLVanguard Morningstar Growth ETFvs. Q1 2024SEC
Q1 2024May 13, 2024314$2.17BNVDAVanguard Morningstar Growth ETFAAPLvs. Q4 2023SEC
Q4 2023Feb 13, 2024Amended256$1.76BVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFiShares Core Dividend Growth ETFvs. Q3 2023SEC
Q3 2023Oct 26, 2023244$1.46BVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFiShares Core Dividend Growth ETFvs. Q2 2023SEC
Q2 2023Aug 3, 2023226$1.45BVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFiShares Core Dividend Growth ETFvs. Q1 2023SEC
Q1 2023Apr 20, 2023212$1.30BVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFiShares Core Dividend Growth ETFvs. Q4 2022SEC
Q4 2022Jan 27, 2023215$1.21BiShares Core Dividend Growth ETFiShares Core MSCI Eafe ETFInvesco Actively Managed Excvs. Q3 2022SEC
Q3 2022Nov 4, 2022195$938.7MiShares Core Dividend Growth ETFInvesco Actively Managed ExcCOSTvs. Q2 2022SEC
Q2 2022Jul 29, 2022190$891.2MiShares Core Dividend Growth ETFWMBInvesco Actively Managed Excvs. Q1 2022SEC
Q1 2022Apr 29, 2022198$1.04BiShares Core MSCI Eafe ETFiShares Core Dividend Growth ETFWMBvs. Q4 2021SEC
Q4 2021Jan 31, 2022201$1.08BiShares Core MSCI Eafe ETFiShares Russell 1000 Growth ETFiShares Core Dividend Growth ETFvs. Q3 2021SEC
Q3 2021Nov 5, 2021189$931.5MiShares Core MSCI Eafe ETFiShares Russell 1000 Growth ETFiShares Core Dividend Growth ETFvs. Q2 2021SEC
Q2 2021Aug 10, 2021185$901.4MiShares TriShares Core Dividend Growth ETFiShares Russell 1000 Growth ETFvs. Q1 2021SEC
Q1 2021May 4, 2021181$832.4MiShares Core Dividend Growth ETFiShares TrInvesco Actively Managed Exc–SEC

13D and 13G filings

Companies where Gratus Capital LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Gratus Capital LLC does not currently report owning 5% or more of any company.

Latest filings

2 filings on file made by Gratus Capital LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Gratus Capital LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
iSHARES TRUSTAug 9, 20218:14 AM ET13G/AOld format–––SEC
iSHARES TRUSTMay 7, 20214:41 PM ET13GOld format–New–SEC