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Livermore
Livermore
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Transform Wealth, LLC

SEC CIK
0001682266
Latest filing
Apr 15, 2025

The latest 13F from Transform Wealth, LLC covers Q1 2025 (filed Apr 15, 2025): 242 long positions worth $1.65B. The top 10 holdings make up 38.5% of the portfolio, and the largest is Powell Industries Inc (POWL) at 16.8%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2025

Share counts compared with Q4 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
13
Est. +$43.9M
Added
65
Est. +$77.9M
Reduced
136
Est. −$104.1M
Sold out
31
Est. −$42.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. POWLPowell Industries Inc
    16.8%$277.3MHistory
  2. AAPLApple Inc.
    3.9%$64.8MHistory
  3. iShares Tr46436E718
    3.7%$60.6M
  4. MSFTMicrosoft Corp
    3.4%$56.6MHistory
  5. NVDANVIDIA Corp
    1.9%$31.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. VanEck ETF Trust92189F486
    +$11.9MNew
  2. ORCLOracle Corp
    +$9.06MAddedHistory
  3. iShares Core S&P 500 ETF464287200
    +$7.71MAdded
  4. iShares S&P 500 Growth ETF464287309
    +$7.68MAdded
  5. BKNGBooking Holdings Inc.
    +$7.30MNewHistory

Largest weight increases

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

  1. VanEck ETF Trust92189F486
    +0.72 pp0.0% → 0.7%
  2. ORCLOracle Corp
    +0.55 pp<0.1% → 0.6%History
  3. iShares Core S&P 500 ETF464287200
    +0.49 pp0.5% → 0.9%
  4. iShares S&P 500 Growth ETF464287309
    +0.46 pp1.2% → 1.6%
  5. BKNGBooking Holdings Inc.
    +0.44 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$21.4MReducedHistory
  2. J P Morgan Exchange Traded F46641Q654
    −$10.4MReduced
  3. OCOwens Corning
    −$8.09MSold outHistory
  4. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    −$7.40MSold out
  5. Invesco Exch Traded FD Tr II46138G508
    −$6.89MReduced

Largest weight decreases

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

  1. POWLPowell Industries Inc
    −3.24 pp20.0% → 16.8%History
  2. SPYSPDR S&P 500 ETF Trust
    −1.22 pp1.9% → 0.6%History
  3. AVGOBroadcom Inc.
    −0.61 pp2.3% → 1.7%History
  4. J P Morgan Exchange Traded F46641Q654
    −0.55 pp0.9% → 0.3%
  5. OCOwens Corning
    −0.45 pp0.4% → 0.0%History

Metrics

13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.65B
−$150.3M (−8.3%) vs. prior quarter
Positions
242
−18 vs. prior quarter
Top 10 concentration
38.5%
Top 10 as share of value
Turnover
7.1%
Q1 2025, one quarter
Average holding period
11.3 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

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

Peak $1.80B (Q4 2024)

Q1 2021: $498.5MQ2 2021: $819.0MQ3 2021: $872.3MQ4 2021: $957.4MQ1 2022: $892.0MQ2 2022: $672.2MQ3 2022: $769.2MQ4 2022: $892.0MQ1 2023: $1.06BQ2 2023: $1.11BQ3 2023: $948.1MQ4 2023: $1.03BQ1 2024: $1.05BQ2 2024: $1.33BQ3 2024: $1.51BQ4 2024: $1.80BQ1 2025: $1.65B
Q1 2021Q1 2025
13F filings of Transform Wealth, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025Apr 15, 2025242$1.65BPOWLAAPLiShares Trvs. Q4 2024SEC
Q4 2024Jan 17, 2025260$1.80BPOWLAAPLMSFTvs. Q3 2024SEC
Q3 2024Oct 16, 2024216$1.51BPOWLAAPLMSFTvs. Q2 2024SEC
Q2 2024Jul 15, 2024213$1.33BPOWLMSFTAAPLvs. Q1 2024SEC
Q1 2024Apr 16, 2024219$1.05BMSFTAAPLSPYvs. Q4 2023SEC
Q4 2023Feb 27, 2024Amended239$1.03BAAPLMSFTSPYvs. Q3 2023SEC
Q3 2023Oct 11, 2023237$948.1MAAPLMSFTSPYvs. Q2 2023SEC
Q2 2023Jul 14, 2023257$1.11BAAPLMSFTSPYvs. Q1 2023SEC
Q1 2023Apr 14, 2023251$1.06BAAPLMSFTInnovator U.S. Equity Power Buffer ETF - Septembervs. Q4 2022SEC
Q4 2022Jan 13, 2023217$892.0MPgim ETF TrAAPLMSFTvs. Q3 2022SEC
Q3 2022Oct 21, 2022184$769.2MJPMorgan Ultra-Short Income ETFAAPLMSFTvs. Q2 2022SEC
Q2 2022Jul 15, 2022199$672.2MInnovator U.S. Equity Power Buffer ETF - OctoberMSFTAAPLvs. Q1 2022SEC
Q1 2022Apr 25, 2022221$892.0MPOWLAAPLMSFTvs. Q4 2021SEC
Q4 2021Jan 26, 2022218$957.4MPOWLAAPLMSFTvs. Q3 2021SEC
Q3 2021Oct 28, 2021Amended223$872.3MPOWLMSFTAAPLvs. Q2 2021SEC
Q2 2021Jul 20, 2021224$819.0MMSFTAAPLInnovator ETFs Trustvs. Q1 2021SEC
Q1 2021Apr 22, 2021196$498.5MiShares Core S&P 500 ETFiShares S&P 500 Value ETFAAPL–SEC