Managed Account Services Inc
- SEC CIK
- 0001696656
- Latest filing
- Nov 9, 2021
The latest 13F from Managed Account Services Inc covers Q3 2021 (filed Nov 9, 2021): 106 long positions worth $379.6M. The top 10 holdings make up 43.3% of the portfolio, and the largest is iShares Core S&P 500 ETF at 7.4%. Livermore has 3 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2021
Share counts compared with Q2 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
- 3
- Est. +$1.99M
- Added
- 10
- Est. +$1.73M
- Reduced
- 80
- Est. −$37.6M
- Sold out
- 7
- Est. −$1.68M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF4642872007.4%$28.2M
- State Street SPDR Portfolio S&P 500 ETF78464A8546.4%$24.1M
- Vanguard Morningstar Growth ETF9229087365.2%$19.7M
- State Street SPDR Portfolio S&P 500 Value ETF78464A5084.8%$18.4M
- State Street SPDR Portfolio S&P 500 Growth ETF78464A4094.8%$18.1M
Biggest buys
New and added positions, by estimated amount bought
- Dimensional ETF Trust25434V807+$1.51MNew
- iShares Core S&P 500 ETF464287200+$837.1KAdded
- iShares Tr46429B747+$683.1KAdded
- TSLATesla, Inc.
- American Centy ETF Tr025072604+$236.0KNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Core S&P 500 ETF464287200+0.92 pp6.5% → 7.4%
- Dimensional ETF Trust25434V807+0.40 pp0.0% → 0.4%
- iShares Tr46429B747+0.22 pp0.4% → 0.6%
- TSLATesla, Inc.
- American Centy ETF Tr025072604+0.06 pp0.0% → 0.1%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- State Street SPDR Portfolio S&P 500 ETF78464A854−$2.72MReduced
- State Street SPDR Portfolio S&P 500 Value ETF78464A508−$2.25MReduced
- State Street SPDR Portfolio S&P 500 Growth ETF78464A409−$2.16MReduced
- Vanguard Morningstar Value ETF922908744−$2.03MReduced
- Vanguard Short-Term Bond ETF921937827−$1.96MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Short-Term Bond ETF921937827−0.38 pp1.3% → 1.0%
- iShares Core S&P Small Cap ETF464287804−0.31 pp3.0% → 2.7%
- Vanguard Morningstar Value ETF922908744−0.28 pp2.9% → 2.6%
- Vanguard Morningstar Large-Cap ETF922908637−0.28 pp2.0% → 1.7%
- State Street SPDR S&P 600 Small Cap Value ETF78464A300−0.27 pp2.4% → 2.1%
Metrics
13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $379.6M
- −$40.0M (−9.5%) vs. prior quarter
- Positions
- 106
- −4 vs. prior quarter
- Top 10 concentration
- 43.3%
- Top 10 as share of value
- Turnover
- 0.9%
- Q3 2021, one quarter
- Average holding period
- 2.9 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
3 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $419.6M (Q2 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2021 | Nov 9, 2021 | 106 | $379.6M | iShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Growth ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 10, 2021 | 110 | $419.6M | iShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 14, 2021 | 103 | $382.0M | State Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETF | – | SEC |