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Livermore
Livermore
ZHEN

BDO Wealth Advisors, LLC

SEC CIK
0001713458
Latest filing
Aug 1, 2023

The latest 13F from BDO Wealth Advisors, LLC covers Q2 2023 (filed Aug 1, 2023): 979 long positions worth $871.9M. The top 10 holdings make up 38.3% of the portfolio, and the largest is iShares Core MSCI Eafe ETF at 6.6%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2023

Share counts compared with Q1 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
30
Est. +$4.79M
Added
364
Est. +$52.1M
Reduced
153
Est. −$30.5M
Sold out
108
Est. −$2.74M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core MSCI Eafe ETF46432F842
    6.6%$57.9M
  2. Invesco Exchange Traded FD T46137V357
    5.2%$45.3M
  3. iShares MSCI Eafe ETF464287465
    4.6%$39.8M
  4. iShares Core S&P Mid-Cap ETF464287507
    4.1%$36.0M
  5. iShares Core S&P 500 ETF464287200
    3.7%$32.1M

Share of portfolio

Top 5 holdings and the other 974 positions, by share of portfolio value

  1. iShares Core MSCI Eafe ETF6.6%
  2. Invesco Exchange Traded FD T5.2%
  3. iShares MSCI Eafe ETF4.6%
  4. iShares Core S&P Mid-Cap ETF4.1%
  5. iShares Core S&P 500 ETF3.7%
  6. Other 974 positions75.8%

Biggest buys

New and added positions, by estimated amount bought

  1. BACBank of America Corp
    +$13.1MAddedHistory
  2. ADBEAdobe Inc.
    +$4.41MAddedHistory
  3. VanEck ETF Trust92189F437
    +$3.90MNew
  4. MCHPMicrochip Technology Inc
    +$3.79MAddedHistory
  5. DHIHorton D R Inc
    +$3.27MAddedHistory

Largest weight increases

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

  1. BACBank of America Corp
    +1.48 pp0.3% → 1.8%History
  2. ADBEAdobe Inc.
    +0.51 pp<0.1% → 0.5%History
  3. VanEck ETF Trust92189F437
    +0.45 pp0.0% → 0.4%
  4. MCHPMicrochip Technology Inc
    +0.43 pp<0.1% → 0.5%History
  5. DHIHorton D R Inc
    +0.38 pp<0.1% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Short-Term Bond ETF921937827
    −$5.73MReduced
  2. iShares Core S&P Small Cap ETF464287804
    −$2.98MReduced
  3. WMTWalmart Inc.
    −$2.51MReducedHistory
  4. iShares Tr464287457
    −$2.06MReduced
  5. COFCapital One Financial Corp
    −$1.67MReducedHistory

Largest weight decreases

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

  1. Vanguard Short-Term Bond ETF921937827
    −0.79 pp1.7% → 0.9%
  2. iShares Core MSCI Eafe ETF46432F842
    −0.46 pp7.1% → 6.6%
  3. iShares Core S&P Small Cap ETF464287804
    −0.38 pp1.1% → 0.7%
  4. iShares MSCI Eafe ETF464287465
    −0.32 pp4.9% → 4.6%
  5. Invesco Exchange Traded FD T46137V357
    −0.31 pp5.5% → 5.2%

Metrics

13F metrics for Q2 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$871.9M
+$56.5M (+6.9%) vs. prior quarter
Positions
979
−78 vs. prior quarter
Top 10 concentration
38.3%
Top 10 as share of value
Turnover
3.9%
Q2 2023, one quarter
Average holding period
9.6 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

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

Peak $945.0M (Q4 2021)

Q1 2021: $848.5MQ2 2021: $903.2MQ3 2021: $908.3MQ4 2021: $945.0MQ1 2022: $936.7MQ2 2022: $812.6MQ3 2022: $752.5MQ4 2022: $804.5MQ1 2023: $815.4MQ2 2023: $871.9M
Q1 2021Q2 2023
13F filings of BDO Wealth Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2023Aug 1, 2023979$871.9MiShares Core MSCI Eafe ETFInvesco Exchange Traded FD TiShares MSCI Eafe ETFvs. Q1 2023SEC
Q1 2023May 9, 20231,057$815.4MiShares Core MSCI Eafe ETFInvesco Exchange Traded FD TiShares MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Jan 30, 2023Amended1,013$804.5MiShares Core MSCI Eafe ETFInvesco Exchange Traded FD TiShares MSCI Eafe ETFvs. Q3 2022SEC
Q3 2022Nov 2, 2022Amended1,077$752.5MiShares Core MSCI Eafe ETFInvesco Exchange Traded FD TiShares Core S&P Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Aug 25, 20221,103$812.6MiShares Core MSCI Eafe ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundInvesco Exchange Traded FD Tvs. Q1 2022SEC
Q1 2022May 6, 20221,104$936.7MiShares Core MSCI Eafe ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundiShares Core S&P Mid-Cap ETFvs. Q4 2021SEC
Q4 2021Feb 11, 20221,136$945.0MiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Emerging Markets ETFvs. Q3 2021SEC
Q3 2021Nov 9, 20211,084$908.3MiShares Core MSCI Eafe ETFVanguard Ftse Emerging Markets ETFiShares Core S&P Mid-Cap ETFvs. Q2 2021SEC
Q2 2021Sep 3, 20211,139$903.2MiShares Core MSCI Eafe ETFVanguard Ftse Emerging Markets ETFiShares Core S&P Mid-Cap ETFvs. Q1 2021SEC
Q1 2021May 14, 20211,196$848.5MiShares Core MSCI Eafe ETFVanguard Ftse Emerging Markets ETFiShares Core S&P Mid-Cap ETF–SEC