Rain Capital Management, LLC
- SEC CIK
- 0001667553
- Latest filing
- Aug 14, 2024
The latest 13F from Rain Capital Management, LLC covers Q2 2024 (filed Aug 14, 2024): 95 long positions worth $142.0M. The top 10 holdings make up 74.5% of the portfolio, and the largest is iShares Core S&P 500 ETF at 21.7%. Livermore has 14 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.
- New
- 2
- Est. +$245.9K
- Added
- 25
- Est. +$1.72M
- Reduced
- 28
- Est. −$14.9M
- Sold out
- 2
- Est. −$251.1K
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF46428720021.7%$30.8M
- Vanguard Morningstar Total Stock Market ETF92290876914.8%$21.0M
- iShares Tr46428715011.6%$16.5M
- Vanguard Total World Stock ETF9220427426.8%$9.67M
- iShares Tr4642874406.7%$9.53M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Morningstar Total Stock Market ETF922908769+$443.3KAdded
- Vanguard Morningstar Mid-Cap ETF922908629+$331.5KAdded
- Vanguard Morningstar Value ETF922908744+$316.4KAdded
- T Rowe Price Exchange-Traded87283Q867+$312.2KAdded
- NEENextera Energy Inc
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Morningstar Total Stock Market ETF922908769+1.04 pp13.7% → 14.8%
- Vanguard Total World Stock ETF922042742+0.52 pp6.3% → 6.8%
- AAPLApple Inc.
- T Rowe Price Exchange-Traded87283Q867+0.28 pp1.0% → 1.3%
- Vanguard Morningstar Mid-Cap ETF922908629+0.25 pp0.6% → 0.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Scottsdale FDS92206C102−$7.17MReduced
- NVDANVIDIA Corp
- iShares Tr464287150−$462.4KReduced
- iShares Core S&P 500 ETF464287200−$363.0KReduced
- iShares Tr464287440−$296.2KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
Metrics
13F metrics for Q2 2024, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $142.0M
- −$7.19M (−4.8%) vs. prior quarter
- Positions
- 95
- 0 vs. prior quarter
- Top 10 concentration
- 74.5%
- Top 10 as share of value
- Turnover
- 1.4%
- Q2 2024, one quarter
- Average holding period
- 10.9 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 $149.2M (Q1 2024)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2024 | Aug 14, 2024 | 95 | $142.0M | iShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFiShares Tr | vs. Q1 2024 | SEC |
| Q1 2024 | May 9, 2024 | 95 | $149.2M | iShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFiShares Tr | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 13, 2024 | 93 | $141.8M | iShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFiShares Tr | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 13, 2023 | 90 | $102.6M | iShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFVanguard Scottsdale FDS | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 9, 2023 | 96 | $128.1M | iShares Core S&P 500 ETFVanguard Scottsdale FDSVanguard Morningstar Total Stock Market ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 2, 2023 | 120 | $145.3M | iShares Core S&P 500 ETFiShares TriShares Tr | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 9, 2023 | 96 | $133.3M | iShares Core S&P 500 ETFiShares Core High Dividend ETFiShares Tr | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 4, 2022 | 71 | $128.3M | iShares Core S&P 500 ETFiShares TrVanguard Morningstar Total Stock Market ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 16, 2022 | 60 | $139.1M | iShares Core S&P 500 ETFiShares TrPIMCO Enhanced Short Maturity Active Exchange-Traded Fund | vs. Q1 2022 | SEC |
| Q1 2022 | May 10, 2022 | 47 | $113.9M | iShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFPIMCO Enhanced Short Maturity Active Exchange-Traded Fund | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 31, 2022 | 47 | $124.6M | iShares Core S&P 500 ETFiShares TrVanguard Morningstar Total Stock Market ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 2, 2021 | 46 | $120.3M | iShares Core S&P 500 ETFiShares TrVanguard Morningstar Total Stock Market ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 9, 2021 | 48 | $132.7M | iShares Core S&P 500 ETFiShares TrVanguard Morningstar Total Stock Market ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 14, 2021 | 50 | $124.2M | iShares TriShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETF | – | SEC |