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Livermore
Livermore
ZHEN

Wealthsource Partners, LLC

SEC CIK
0001674623
Latest filing
Jan 16, 2024

The latest 13F from Wealthsource Partners, LLC covers Q4 2023 (filed Jan 16, 2024): 500 long positions worth $1.54B. The top 10 holdings make up 40.3% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 11.7%. 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
45
Est. +$82.0M
Added
155
Est. +$72.1M
Reduced
256
Est. −$163.1M
Sold out
33
Est. −$37.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    11.7%$178.9M
  2. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    6.8%$104.3M
  3. iShares MSCI USA Quality Factor ETF46432F339
    6.0%$92.0M
  4. iShares Tr46435G425
    3.3%$50.2M
  5. iShares Tr464288877
    2.5%$38.9M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Inc46434G764
    +$30.3MNew
  2. iShares S&P 100 ETF464287101
    +$19.8MNew
  3. iShares Tr464287341
    +$8.73MNew
  4. Janus Detroit STR Tr47103U845
    +$7.91MAdded
  5. iShares Tr464287721
    +$7.66MAdded

Largest weight increases

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

  1. iShares Inc46434G764
    +1.97 pp0.0% → 2.0%
  2. iShares S&P 100 ETF464287101
    +1.29 pp0.0% → 1.3%
  3. iShares MSCI USA Quality Factor ETF46432F339
    +0.67 pp5.3% → 6.0%
  4. iShares Tr464287721
    +0.64 pp1.3% → 1.9%
  5. iShares Tr464287341
    +0.57 pp0.0% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Index Shs FDS78463X509
    −$17.7MReduced
  2. Vanguard Intermediate-Term Bond ETF921937819
    −$14.2MReduced
  3. Invesco Exch TRD SLF Idx FD46138J866
    −$13.7MSold out
  4. iShares Tr464288885
    −$13.7MReduced
  5. iShares Core S&P Mid-Cap ETF464287507
    −$11.2MReduced

Largest weight decreases

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

  1. SPDR Index Shs FDS78463X509
    −1.15 pp1.2% → <0.1%
  2. Invesco Exch TRD SLF Idx FD46138J866
    −0.94 pp0.9% → 0.0%
  3. Vanguard Intermediate-Term Bond ETF921937819
    −0.91 pp2.1% → 1.2%
  4. iShares Core S&P Mid-Cap ETF464287507
    −0.68 pp0.8% → 0.1%
  5. iShares Tr464288885
    −0.67 pp3.1% → 2.5%

Metrics

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

Portfolio value
$1.54B
+$72.4M (+4.9%) vs. prior quarter
Positions
500
+12 vs. prior quarter
Top 10 concentration
40.3%
Top 10 as share of value
Turnover
10.3%
Q4 2023, one quarter
Average holding period
10.0 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 $1.54B (Q4 2023)

Q1 2021: $1.00BQ2 2021: $1.13BQ3 2021: $1.14BQ4 2021: $1.25BQ1 2022: $1.48BQ2 2022: $1.37BQ3 2022: $1.35BQ4 2022: $1.41BQ1 2023: $1.48BQ2 2023: $1.52BQ3 2023: $1.46BQ4 2023: $1.54B
Q1 2021Q4 2023
13F filings of Wealthsource Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Jan 16, 2024500$1.54BSchwab U.S. Large-Cap ETFState Street SPDR Portfolio Aggregate Bond ETFiShares MSCI USA Quality Factor ETFvs. Q3 2023SEC
Q3 2023Nov 13, 2023488$1.46BSchwab U.S. Large-Cap ETFState Street SPDR Portfolio Aggregate Bond ETFiShares MSCI USA Quality Factor ETFvs. Q2 2023SEC
Q2 2023Aug 15, 2023493$1.52BSchwab U.S. Large-Cap ETFState Street SPDR Portfolio Aggregate Bond ETFiShares MSCI USA Quality Factor ETFvs. Q1 2023SEC
Q1 2023May 15, 2023489$1.48BSchwab U.S. Large-Cap ETFState Street SPDR Portfolio Aggregate Bond ETFiShares MSCI USA Quality Factor ETFvs. Q4 2022SEC
Q4 2022Feb 10, 2023478$1.41BSchwab U.S. Large-Cap ETFiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q3 2022SEC
Q3 2022Nov 15, 2022487$1.35BSchwab U.S. Large-Cap ETFiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2022SEC
Q2 2022Aug 10, 2022511$1.37BSchwab U.S. Large-Cap ETFiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2022SEC
Q1 2022May 9, 2022570$1.48BSchwab U.S. Large-Cap ETFiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q4 2021SEC
Q4 2021Feb 14, 2022541$1.25BSchwab U.S. Large-Cap ETFiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q3 2021SEC
Q3 2021Nov 18, 2021506$1.14BSchwab U.S. Large-Cap ETFiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2021SEC
Q2 2021Nov 18, 2021457$1.13BSchwab U.S. Large-Cap ETFiShares TriShares U.S. Treasury Bond ETFvs. Q1 2021SEC
Q1 2021Jun 21, 2021431$1.00BSchwab U.S. Large-Cap ETFiShares TriShares U.S. Treasury Bond ETF–SEC