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Livermore
Livermore
ZHEN

Concentric Wealth Management, LLC

SEC CIK
0001695345
Latest filing
Nov 13, 2024

The latest 13F from Concentric Wealth Management, LLC covers Q3 2024 (filed Nov 13, 2024): 133 long positions worth $410.0M. The top 10 holdings make up 28.9% of the portfolio, and the largest is American Centy ETF Tr at 3.9%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2024

Share counts compared with Q2 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
3
Est. +$775.8K
Added
40
Est. +$6.30M
Reduced
61
Est. −$4.79M
Sold out
5
Est. −$1.30M

Top 5 holdings

Share of this quarter's portfolio value

  1. American Centy ETF Tr025072877
    3.9%$16.0M
  2. AAPLApple Inc.
    3.4%$13.9MHistory
  3. MSFTMicrosoft Corp
    3.3%$13.7MHistory
  4. iShares Core MSCI Eafe ETF46432F842
    3.2%$13.2M
  5. iShares Core MSCI Emerging Markets ETF46434G103
    2.9%$12.1M

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab Fundamental International Equity ETF808524755
    +$1.31MAdded
  2. AAPLApple Inc.
    +$1.16MAddedHistory
  3. BRK.ABerkshire Hathaway Inc
    +$684.3KAddedHistory
  4. BCALCalifornia BanCorp
    +$361.5KNewHistory
  5. iShares Core MSCI Eafe ETF46432F842
    +$348.4KAdded

Largest weight increases

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

  1. AAPLApple Inc.
    +0.39 pp3.0% → 3.4%History
  2. Schwab Fundamental International Equity ETF808524755
    +0.32 pp0.1% → 0.4%
  3. DHIHorton D R Inc
    +0.23 pp0.8% → 1.0%History
  4. Vanguard Real Estate ETF922908553
    +0.19 pp1.7% → 1.9%
  5. ORealty Income Corp
    +0.15 pp1.0% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ORCLOracle Corp
    −$421.7KReducedHistory
  2. COSTCostco Wholesale Corp
    −$389.2KReducedHistory
  3. CALBCalifornia BanCorp
    −$330.5KSold outHistory
  4. MSFTMicrosoft Corp
    −$305.1KReducedHistory
  5. CRMSalesforce, Inc.
    −$267.1KSold outHistory

Largest weight decreases

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

  1. GOOGLAlphabet Inc.
    −0.54 pp3.5% → 2.9%History
  2. MSFTMicrosoft Corp
    −0.45 pp3.8% → 3.3%History
  3. FDXFedEx Corp
    −0.29 pp1.9% → 1.6%History
  4. SHELShell plc
    −0.16 pp1.1% → 0.9%History
  5. COSTCostco Wholesale Corp
    −0.13 pp1.6% → 1.4%History

Metrics

13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$410.0M
+$26.5M (+6.9%) vs. prior quarter
Positions
133
−2 vs. prior quarter
Top 10 concentration
28.9%
Top 10 as share of value
Turnover
1.5%
Q3 2024, one quarter
Average holding period
13.3 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

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

Peak $410.0M (Q3 2024)

Q1 2021: $303.0MQ2 2021: $326.5MQ3 2021: $326.6MQ4 2021: $354.6MQ1 2022: $346.0MQ2 2022: $296.5MQ3 2022: $271.4MQ4 2022: $292.4MQ1 2023: $302.3MQ2 2023: $314.4MQ3 2023: $303.1MQ4 2023: $344.5MQ1 2024: $375.7MQ2 2024: $383.5MQ3 2024: $410.0M
Q1 2021Q3 2024
13F filings of Concentric Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2024Nov 13, 2024133$410.0MAmerican Centy ETF TrAAPLMSFTvs. Q2 2024SEC
Q2 2024Aug 14, 2024135$383.5MAmerican Centy ETF TrMSFTGOOGLvs. Q1 2024SEC
Q1 2024May 9, 2024136$375.7MAmerican Centy ETF TrMSFTiShares Core MSCI Eafe ETFvs. Q4 2023SEC
Q4 2023Feb 14, 2024126$344.5MAmerican Centy ETF TrMSFTiShares Core MSCI Eafe ETFvs. Q3 2023SEC
Q3 2023Nov 9, 2023117$303.1MAmerican Centy ETF TrMSFTGOOGLvs. Q2 2023SEC
Q2 2023Aug 9, 2023118$314.4MAmerican Centy ETF TrMSFTiShares Core MSCI Eafe ETFvs. Q1 2023SEC
Q1 2023May 11, 2023118$302.3MiShares TrMSFTiShares Core MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023118$292.4MiShares TriShares Core MSCI Eafe ETFMSFTvs. Q3 2022SEC
Q3 2022Nov 10, 2022115$271.4MiShares TrMSFTJNJvs. Q2 2022SEC
Q2 2022Aug 12, 2022117$296.5MiShares TrMSFTJNJvs. Q1 2022SEC
Q1 2022Apr 14, 2022127$346.0MiShares TrMSFTiShares Trvs. Q4 2021SEC
Q4 2021Feb 10, 2022128$354.6MiShares TrMSFTiShares Trvs. Q3 2021SEC
Q3 2021Nov 12, 2021128$326.6MiShares TrMSFTiShares Trvs. Q2 2021SEC
Q2 2021Aug 12, 2021130$326.5MiShares TrMSFTiShares Core MSCI Eafe ETFvs. Q1 2021SEC
Q1 2021May 14, 2021127$303.0MiShares TrMSFTiShares Core MSCI Eafe ETF–SEC