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Livermore
Livermore
ZHEN

Bridgeworth, LLC

SEC CIK
0001691804
Latest filing
Jan 26, 2024

The latest 13F from Bridgeworth, LLC covers Q4 2023 (filed Jan 26, 2024): 177 long positions worth $1.01B. The top 10 holdings make up 62.9% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 12.1%. 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
14
Est. +$12.5M
Added
42
Est. +$32.3M
Reduced
92
Est. −$26.2M
Sold out
4
Est. −$1.22M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    12.1%$122.2M
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    10.2%$103.4M
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    8.1%$82.0M
  4. State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847
    8.1%$81.8M
  5. Dimensional ETF Trust25434V799
    5.6%$56.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Total Bond Market ETF921937835
    +$11.2MAdded
  2. Dimensional ETF Trust25434V724
    +$10.7MAdded
  3. SPDR Series Trust78468R739
    +$5.30MNew
  4. American Centy ETF Tr025072604
    +$1.91MNew
  5. Dimensional ETF Trust25434V815
    +$1.90MAdded

Largest weight increases

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

  1. Vanguard Total Bond Market ETF921937835
    +1.10 pp0.1% → 1.2%
  2. Dimensional ETF Trust25434V724
    +1.01 pp2.6% → 3.6%
  3. SPDR Series Trust78468R739
    +0.52 pp0.0% → 0.5%
  4. Dimensional ETF Trust25434V815
    +0.23 pp1.4% → 1.6%
  5. American Centy ETF Tr025072604
    +0.19 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Mun BD FDS922907746
    −$6.51MReduced
  2. SPDR Series Trust78464A144
    −$5.53MReduced
  3. SPDR Series Trust78468R101
    −$5.27MReduced
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$1.34MReduced
  5. Dimensional U.S. Core Equity 2 ETF25434V708
    −$1.23MReduced

Largest weight decreases

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

  1. Vanguard Mun BD FDS922907746
    −0.71 pp1.4% → 0.7%
  2. SPDR Series Trust78468R101
    −0.59 pp0.8% → 0.2%
  3. SPDR Series Trust78464A144
    −0.59 pp0.9% → 0.3%
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −0.31 pp10.5% → 10.2%
  5. Leuthold FDS Inc527289789
    −0.18 pp3.1% → 2.9%

Metrics

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

Portfolio value
$1.01B
+$105.3M (+11.6%) vs. prior quarter
Positions
177
+10 vs. prior quarter
Top 10 concentration
62.9%
Top 10 as share of value
Turnover
2.9%
Q4 2023, one quarter
Average holding period
8.6 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 $1.01B (Q4 2023)

Q1 2021: $316.8MQ2 2021: $351.3MQ3 2021: $356.3MQ4 2021: $453.0MQ1 2022: $434.9MQ2 2022: $427.9MQ3 2022: $432.1MQ4 2022: $628.3MQ1 2023: $793.1MQ2 2023: $905.2MQ3 2023: $905.3MQ4 2023: $1.01B
Q1 2021Q4 2023
13F filings of Bridgeworth, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Jan 26, 2024177$1.01BDimensional U.S. Core Equity 2 ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 24, 2023167$905.3MDimensional U.S. Core Equity 2 ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 400 Mid Cap ETFvs. Q2 2023SEC
Q2 2023Jul 31, 2023172$905.2MDimensional U.S. Core Equity 2 ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 400 Mid Cap ETFvs. Q1 2023SEC
Q1 2023Apr 20, 2023164$793.1MState Street SPDR Portfolio S&P 500 Growth ETFDimensional U.S. Core Equity 2 ETFState Street SPDR Portfolio S&P 400 Mid Cap ETFvs. Q4 2022SEC
Q4 2022Feb 7, 2023157$628.3MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 400 Mid Cap ETFVanguard S&P 500 ETFvs. Q3 2022SEC
Q3 2022Oct 28, 2022140$432.1MVanguard S&P 500 ETFVanguard Index FDSVanguard Admiral FDS Incvs. Q2 2022SEC
Q2 2022Aug 10, 2022143$427.9MVanguard S&P 500 ETFVanguard Index FDSiShares Tips Bond ETFvs. Q1 2022SEC
Q1 2022May 9, 2022143$434.9MVanguard S&P 500 ETFVanguard Index FDSiShares Tips Bond ETFvs. Q4 2021SEC
Q4 2021Feb 10, 2022150$453.0MVanguard S&P 500 ETFVanguard Index FDSVanguard Admiral FDS Incvs. Q3 2021SEC
Q3 2021Oct 21, 2021135$356.3MVanguard S&P 500 ETFVanguard Index FDSVanguard Admiral FDS Incvs. Q2 2021SEC
Q2 2021Aug 3, 2021131$351.3MVanguard S&P 500 ETFVanguard Index FDSVanguard Admiral FDS Incvs. Q1 2021SEC
Q1 2021May 14, 2021128$316.8MVanguard S&P 500 ETFVanguard Index FDSVanguard Admiral FDS Inc–SEC