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Livermore
Livermore
ZHEN

Claraphi Advisory Network, LLC

SEC CIK
0001724134
Latest filing
Feb 15, 2023

The latest 13F from Claraphi Advisory Network, LLC covers Q4 2022 (filed Feb 15, 2023): 157 long positions worth $251.1M. The top 10 holdings make up 29.3% of the portfolio, and the largest is iShares Tr at 9.0%. Livermore has 9 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2022

Share counts compared with Q3 2022: 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
42
Est. +$41.4M
Added
101
Est. +$88.3M
Reduced
14
Est. −$21.4M
Sold out
78
Est. −$43.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464287457
    9.0%$22.5M
  2. iShares Core S&P 500 ETF464287200
    3.0%$7.42M
  3. AAPLApple Inc.
    2.7%$6.76MHistory
  4. State Street Energy Select Sector SPDR ETF81369Y506
    2.4%$6.14M
  5. Vanguard S&P 500 ETF922908363
    2.4%$6.12M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287457
    +$7.53MAdded
  2. State Street Energy Select Sector SPDR ETF81369Y506
    +$5.69MAdded
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$3.55MAdded
  4. BABoeing Co
    +$2.92MAddedHistory
  5. ProShares Tr74347B425
    +$2.90MAdded

Largest weight increases

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

  1. State Street Energy Select Sector SPDR ETF81369Y506
    +2.24 pp0.2% → 2.4%
  2. BABoeing Co
    +1.19 pp0.2% → 1.4%History
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +1.13 pp1.1% → 2.2%
  4. CVXChevron Corp
    +1.04 pp0.4% → 1.4%History
  5. MRKMerck & Co., Inc.
    +1.03 pp0.2% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$17.0MReduced
  2. iShares MSCI USA Min Vol Factor ETF46429B697
    −$3.29MSold out
  3. ZSZscaler, Inc.
    −$3.28MSold outHistory
  4. iShares Tr464287150
    −$2.39MSold out
  5. iShares Tips Bond ETF464287176
    −$1.40MReduced

Largest weight decreases

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

  1. iShares Core S&P 500 ETF464287200
    −9.40 pp12.4% → 3.0%
  2. TSLATesla, Inc.
    −2.84 pp4.2% → 1.4%History
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    −1.78 pp1.8% → 0.0%
  4. ZSZscaler, Inc.
    −1.78 pp1.8% → 0.0%History
  5. iShares Tr464287150
    −1.29 pp1.3% → 0.0%

Metrics

13F metrics for Q4 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$251.1M
+$66.4M (+35.9%) vs. prior quarter
Positions
157
−36 vs. prior quarter
Top 10 concentration
29.3%
Top 10 as share of value
Turnover
29.6%
Q4 2022, one quarter
Average holding period
5.2 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

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

Peak $362.9M (Q1 2021)

Q1 2021: $362.9MQ2 2021: $332.2MQ3 2021: $283.3MQ4 2021: $286.9MQ1 2022: $345.9MQ2 2022: $284.4MQ3 2022: $184.8MQ4 2022: $251.1M
Q1 2021Q4 2022
13F filings of Claraphi Advisory Network, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2022Feb 15, 2023Amended157$251.1MiShares TriShares Core S&P 500 ETFAAPLvs. Q3 2022SEC
Q3 2022Nov 15, 2022193$184.8MiShares Core S&P 500 ETFiShares TrTSLAvs. Q2 2022SEC
Q2 2022Jul 19, 2022270$284.4MiShares TrAAPLiShares Trvs. Q1 2022SEC
Q1 2022May 12, 2022283$345.9MAAPLSchwab Fundamental U.S. Large Company ETFiShares Core S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 7, 2022288$286.9MAAPLTSLAARK Innovation ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021296$283.3MARK Innovation ETFAAPLTSLAvs. Q2 2021SEC
Q2 2021Aug 16, 2021318$332.2MARK Innovation ETFARK ETF TrTSLAvs. Q1 2021SEC
Q1 2021Apr 30, 2021310$362.9MARK Innovation ETFARK ETF TrTSLA–SEC