Crescent Capital Consulting, LLC
- SEC CIK
- 0001676613
- Latest filing
- Jan 18, 2022
The latest 13F from Crescent Capital Consulting, LLC covers Q4 2021 (filed Jan 18, 2022): 503 long positions worth $606.1M. The top 10 holdings make up 39.9% of the portfolio, and the largest is iShares Core S&P 500 ETF at 11.1%. Livermore has 4 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q4 2021
Share counts compared with Q3 2021: 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
- 25
- Est. +$22.5M
- Added
- 108
- Est. +$57.4M
- Reduced
- 55
- Est. −$56.6M
- Sold out
- 115
- Est. −$14.4M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF46428720011.1%$67.1M
- iShares Russell 1000 Growth ETF4642876145.6%$34.1M
- Invesco Exch TRD SLF Idx FD46138J8583.6%$21.8M
- Invesco Bulletshares 2022 HY Bd (BSJM)46138J8743.6%$21.8M
- FCXFreeport-McMoran Inc
Share of portfolio
Top 5 holdings and the other 498 positions, by share of portfolio value
- iShares Core S&P 500 ETF11.1%
- iShares Russell 1000 Growth ETF5.6%
- Invesco Exch TRD SLF Idx FD3.6%
- Invesco Bulletshares 2022 HY Bd (BSJM)3.6%
- FCX3.3%
- Other 498 positions72.8%
Biggest buys
New and added positions, by estimated amount bought
- iShares Tips Bond ETF464287176+$12.1MAdded
- Invesco Exch TRD SLF Idx FD46138J833+$11.4MNew
- State Street SPDR S&P Bank ETF78464A797+$10.1MNew
- iShares MSCI USA Min Vol Factor ETF46429B697+$6.15MAdded
- iShares S&P 500 Growth ETF464287309+$4.90MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Tips Bond ETF464287176+1.98 pp0.3% → 2.3%
- Invesco Exch TRD SLF Idx FD46138J833+1.87 pp0.0% → 1.9%
- State Street SPDR S&P Bank ETF78464A797+1.67 pp0.0% → 1.7%
- iShares MSCI USA Min Vol Factor ETF46429B697+1.01 pp0.6% → 1.6%
- iShares S&P 500 Growth ETF464287309+0.84 pp1.7% → 2.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares MSCI Acwi Ex U.S. ETF464288240−$8.17MReduced
- Global X FDS37954Y657−$7.89MReduced
- Invesco Exch TRD SLF Idx FD46138J866−$6.83MReduced
- Invesco Exchange Traded FD T46137V357−$3.80MReduced
- First Trust Dow Jones Internet Index Fund33733E302−$3.63MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Global X FDS37954Y657−1.54 pp2.4% → 0.9%
- iShares MSCI Acwi Ex U.S. ETF464288240−1.50 pp1.5% → <0.1%
- Invesco Exch TRD SLF Idx FD46138J866−1.28 pp1.4% → 0.1%
- First Trust Dow Jones Internet Index Fund33733E302−0.86 pp1.9% → 1.1%
- iShares MSCI Eafe ETF464287465−0.75 pp2.1% → 1.3%
Metrics
13F metrics for Q4 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $606.1M
- +$60.6M (+11.1%) vs. prior quarter
- Positions
- 503
- −90 vs. prior quarter
- Top 10 concentration
- 39.9%
- Top 10 as share of value
- Turnover
- 12.3%
- Q4 2021, one quarter
- Average holding period
- 3.7 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
4 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $606.1M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2021 | Jan 18, 2022 | 503 | $606.1M | iShares Core S&P 500 ETFiShares Russell 1000 Growth ETFInvesco Exch TRD SLF Idx FD | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 12, 2021 | 593 | $545.5M | iShares Core S&P 500 ETFiShares Russell 1000 Growth ETFInvesco Bulletshares 2022 HY Bd (BSJM) | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 15, 2021 | 495 | $534.0M | iShares Core S&P 500 ETFiShares Russell 1000 Growth ETFInvesco Exch TRD SLF Idx FD | vs. Q1 2021 | SEC |
| Q1 2021 | Apr 15, 2021 | 514 | $455.8M | iShares Core S&P 500 ETFiShares Russell 1000 Growth ETFFCX | – | SEC |