Trellis Advisors, LLC
- SEC CIK
- 0001722638
- Latest filing
- Jan 16, 2024
The latest 13F from Trellis Advisors, LLC covers Q4 2023 (filed Jan 16, 2024) and reports no long positions. 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.
- New
- 0
- Added
- 0
- Reduced
- 0
- Sold out
- 88
- Est. −$218.9M
Top 5 holdings
Share of this quarter's portfolio value
This filing reports no long positions.
Biggest buys
New and added positions, by estimated amount bought
None this quarter.
Largest weight increases
New and added positions, by percentage points of the portfolio gained
None this quarter.
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Morningstar Total Stock Market ETF922908769−$77.9MSold out
- Vanguard Mun BD FDS922907746−$18.5MSold out
- Vanguard Total Bond Market ETF921937835−$17.3MSold out
- Vanguard Ftse Developed Markets ETF921943858−$12.3MSold out
- Schwab U.S. Broad Market ETF808524102−$9.10MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Morningstar Total Stock Market ETF922908769−35.58 pp35.6% → 0.0%
- Vanguard Mun BD FDS922907746−8.45 pp8.4% → 0.0%
- Vanguard Total Bond Market ETF921937835−7.90 pp7.9% → 0.0%
- Vanguard Ftse Developed Markets ETF921943858−5.64 pp5.6% → 0.0%
- Schwab U.S. Broad Market ETF808524102−4.16 pp4.2% → 0.0%
Metrics
13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $0
- −$218.9M (−100.0%) vs. prior quarter
- Positions
- 0
- −88 vs. prior quarter
- Top 10 concentration
- –
- Top 10 as share of value
- Turnover
- 0.0%
- Q4 2023, one quarter
- Average holding period
- –
- 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 $224.3M (Q2 2023)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2023 | Jan 16, 2024 | 0 | $0 | – | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 23, 2023 | 88 | $218.9M | Vanguard Morningstar Total Stock Market ETFVanguard Mun BD FDSVanguard Total Bond Market ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 14, 2023 | 90 | $224.3M | Vanguard Morningstar Total Stock Market ETFVanguard Mun BD FDSVanguard Total Bond Market ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 12, 2023 | 87 | $208.1M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFVanguard Mun BD FDS | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 9, 2023 | 85 | $190.9M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFVanguard Mun BD FDS | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 7, 2022 | 73 | $175.9M | Vanguard Morningstar Total Stock Market ETFVanguard Mun BD FDSVanguard Total Bond Market ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 5, 2022 | 74 | $182.6M | Vanguard Morningstar Total Stock Market ETFVanguard Mun BD FDSVanguard Total Bond Market ETF | vs. Q1 2022 | SEC |
| Q1 2022 | May 4, 2022 | 80 | $199.8M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 25, 2022 | 85 | $211.1M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 27, 2021 | 80 | $194.6M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 4, 2021 | 77 | $192.6M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 7, 2021 | 75 | $178.4M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETF | – | SEC |