Berman Capital Advisors, LLC
- SEC CIK
- 0001720336
- Latest filing
- Oct 7, 2021
The latest 13F from Berman Capital Advisors, LLC covers Q3 2021 (filed Oct 7, 2021): 2,233 long positions worth $635.6M. The top 10 holdings make up 50.9% of the portfolio, and the largest is Vanguard Morningstar Large-Cap ETF at 17.1%. 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
- 288
- Est. +$14.7M
- Added
- 1206
- Est. +$62.4M
- Reduced
- 323
- Est. −$63.8M
- Sold out
- 91
- Est. −$794.0K
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Large-Cap ETF92290863717.1%$108.5M
- iShares Core MSCI Eafe ETF46432F84211.8%$75.3M
- Vanguard Morningstar Mid-Cap ETF9229086294.3%$27.4M
- iShares MSCI USA Quality Factor ETF46432F3394.0%$25.4M
- iShares Russell 1000 Growth ETF4642876143.8%$24.4M
Biggest buys
New and added positions, by estimated amount bought
Largest weight increases
New and added positions, by percentage points of the portfolio gained
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr464287150−$28.1MReduced
- Vanguard Total Bond Market ETF921937835−$20.7MReduced
- Vanguard Star FDS921909768−$4.21MReduced
- Vanguard Morningstar Growth ETF922908736−$1.98MReduced
- SPYSPDR S&P 500 ETF Trust
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464287150−4.65 pp4.6% → <0.1%
- Vanguard Total Bond Market ETF921937835−3.33 pp4.0% → 0.7%
- Vanguard Star FDS921909768−0.79 pp2.6% → 1.8%
- Vanguard Morningstar Growth ETF922908736−0.31 pp0.5% → 0.2%
- SPYSPDR S&P 500 ETF Trust
Metrics
13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $635.6M
- +$7.43M (+1.2%) vs. prior quarter
- Positions
- 2,233
- +197 vs. prior quarter
- Top 10 concentration
- 50.9%
- Top 10 as share of value
- Turnover
- 10.2%
- 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 $635.6M (Q3 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2021 | Oct 7, 2021 | 2,233 | $635.6M | Vanguard Morningstar Large-Cap ETFiShares Core MSCI Eafe ETFVanguard Morningstar Mid-Cap ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 11, 2021 | 2,036 | $628.2M | Vanguard Morningstar Large-Cap ETFiShares Core MSCI Eafe ETFiShares Tr | vs. Q1 2021 | SEC |
| Q1 2021 | May 11, 2021 | 1,932 | $478.5M | Vanguard Morningstar Large-Cap ETFiShares Core MSCI Eafe ETFVanguard Morningstar Mid-Cap ETF | – | SEC |