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Livermore
Livermore
ZHEN

Zions Bancorporation, N.A.

SEC CIK
0001666757
Latest filing
Feb 11, 2025

The latest 13F from Zions Bancorporation, N.A. covers Q4 2024 (filed Feb 11, 2025): 862 long positions worth $1.59B. The top 10 holdings make up 42.1% of the portfolio, and the largest is iShares Russell Mid-Cap Value ETF at 9.6%. Livermore has 16 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.

Full comparison
New
25
Est. +$10.7M
Added
340
Est. +$251.1M
Reduced
211
Est. −$38.0M
Sold out
35
Est. −$6.10M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Russell Mid-Cap Value ETF464287473
    9.6%$152.3M
  2. iShares Core S&P 500 ETF464287200
    7.9%$124.6M
  3. Vanguard Morningstar Total Stock Market ETF922908769
    6.7%$106.2M
  4. iShares Russell Mid-Cap Growth ETF464287481
    4.0%$63.6M
  5. Vanguard Ftse Emerging Markets ETF922042858
    3.1%$49.2M

Share of portfolio

Top 5 holdings and the other 857 positions, by share of portfolio value

  1. iShares Russell Mid-Cap Value ETF9.6%
  2. iShares Core S&P 500 ETF7.9%
  3. Vanguard Morningstar Total Stock Market ETF6.7%
  4. iShares Russell Mid-Cap Growth ETF4.0%
  5. Vanguard Ftse Emerging Markets ETF3.1%
  6. Other 857 positions68.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Emerging Markets ETF922042858
    +$48.4MAdded
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    +$14.4MAdded
  3. iShares Russell Mid-Cap Value ETF464287473
    +$10.2MAdded
  4. iShares Core S&P 500 ETF464287200
    +$7.38MAdded
  5. BMOBank of Montreal
    +$5.75MAddedHistory

Largest weight increases

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

  1. Vanguard Ftse Emerging Markets ETF922042858
    +3.04 pp0.1% → 3.1%
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    +0.84 pp0.3% → 1.1%
  3. BMOBank of Montreal
    +0.36 pp<0.1% → 0.4%History
  4. AMZNAmazon Com Inc
    +0.29 pp1.8% → 2.0%History
  5. TSLATesla, Inc.
    +0.24 pp0.2% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BCEBce Inc
    −$4.11MReducedHistory
  2. BTIBritish American Tobacco p.l.c.
    −$3.70MReducedHistory
  3. Vanguard Morningstar Total Stock Market ETF922908769
    −$3.50MReduced
  4. CMCanadian Imperial Bank of Commerce
    −$2.73MReducedHistory
  5. DDominion Energy, Inc
    −$2.42MReducedHistory

Largest weight decreases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −1.11 pp7.8% → 6.7%
  2. iShares Core U.S. Aggregate Bond ETF464287226
    −0.70 pp3.6% → 2.9%
  3. BCEBce Inc
    −0.45 pp0.5% → <0.1%History
  4. iShares Russell Mid-Cap Growth ETF464287481
    −0.34 pp4.4% → 4.0%
  5. iShares Core S&P Mid-Cap ETF464287507
    −0.34 pp2.2% → 1.9%

Metrics

13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.59B
+$212.7M (+15.5%) vs. prior quarter
Positions
862
−10 vs. prior quarter
Top 10 concentration
42.1%
Top 10 as share of value
Turnover
3.0%
Q4 2024, one quarter
Average holding period
15.4 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

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

Peak $1.59B (Q4 2024)

Q1 2021: $885.9MQ2 2021: $1.00BQ3 2021: $978.1MQ4 2021: $1.13BQ1 2022: $1.12BQ2 2022: $998.5MQ3 2022: $954.6MQ4 2022: $1.27BQ1 2023: $1.16BQ2 2023: $1.18BQ3 2023: $1.14BQ4 2023: $1.45BQ1 2024: $1.36BQ2 2024: $1.25BQ3 2024: $1.37BQ4 2024: $1.59B
Q1 2021Q4 2024
13F filings of Zions Bancorporation, N.A. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2024Feb 11, 2025862$1.59BiShares Russell Mid-Cap Value ETFiShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2024SEC
Q3 2024Nov 6, 2024872$1.37BiShares Russell Mid-Cap Value ETFiShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2024SEC
Q2 2024Aug 8, 2024924$1.25BVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q1 2024SEC
Q1 2024May 14, 2024899$1.36BVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q4 2023SEC
Q4 2023Feb 12, 2024907$1.45BVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q3 2023SEC
Q3 2023Nov 7, 2023904$1.14BVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q2 2023SEC
Q2 2023Jul 28, 2023898$1.18BVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q1 2023SEC
Q1 2023May 10, 2023903$1.16BVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q4 2022SEC
Q4 2022Feb 10, 20231,061$1.27BVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q3 2022SEC
Q3 2022Nov 8, 2022946$954.6MVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q2 2022SEC
Q2 2022Aug 5, 20221,090$998.5MVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Core U.S. Aggregate Bond ETFvs. Q1 2022SEC
Q1 2022May 13, 20221,147$1.12BVanguard Morningstar Total Stock Market ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q4 2021SEC
Q4 2021Feb 11, 20221,020$1.13BVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundiShares Russell Mid-Cap Value ETFvs. Q3 2021SEC
Q3 2021Nov 10, 20211,052$978.1MVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundiShares Russell Mid-Cap Value ETFvs. Q2 2021SEC
Q2 2021Aug 11, 20211,001$1.00BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFVanguard Ftse All-World Ex-US Index Fundvs. Q1 2021SEC
Q1 2021May 13, 2021969$885.9MVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFVanguard Ftse All-World Ex-US Index Fund–SEC