M Financial Asset Management, Inc.
- SEC CIK
- 0001730083
- Latest filing
- Feb 3, 2025
The latest 13F from M Financial Asset Management, Inc. covers Q4 2024 (filed Feb 3, 2025): 9 long positions worth $20.6M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Dimensional ETF Trust at 25.1%. Livermore has 16 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q4 2024
Share counts compared with Q3 2024: 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
- 9
- Est. −$3.88M
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- Dimensional ETF Trust25434V72425.1%$5.19M
- Vanguard Ftse All-World Ex-US Index Fund92204277523.9%$4.94M
- Dimensional ETF Trust25434V80719.7%$4.07M
- Dimensional U.S. Small Cap ETF25434V50019.3%$3.98M
- Vanguard Energy ETF92204A3064.4%$915.0K
Share of portfolio
Top 5 holdings and the other 4 positions, by share of portfolio value
- Dimensional ETF Trust25.1%
- Vanguard Ftse All-World Ex-US Index Fund23.9%
- Dimensional ETF Trust19.7%
- Dimensional U.S. Small Cap ETF19.3%
- Vanguard Energy ETF4.4%
- Other 4 positions7.5%
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 Ftse All-World Ex-US Index Fund922042775−$1.48MReduced
- Dimensional ETF Trust25434V724−$825.9KReduced
- Dimensional ETF Trust25434V807−$466.5KReduced
- Flexshares Tr33939L407−$335.0KReduced
- Dimensional U.S. Small Cap ETF25434V500−$285.0KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Ftse All-World Ex-US Index Fund922042775−3.26 pp27.2% → 23.9%
- Flexshares Tr33939L407−0.97 pp2.8% → 1.9%
- iShares Tr464288174−0.50 pp2.3% → 1.8%
- VanEck ETF Trust92189F700−0.39 pp1.1% → 0.7%
- Vanguard Materials ETF92204A801−0.13 pp3.3% → 3.2%
Metrics
13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $20.6M
- −$5.13M (−19.9%) vs. prior quarter
- Positions
- 9
- 0 vs. prior quarter
- Top 10 concentration
- 100.0%
- Top 10 as share of value
- Turnover
- 0.0%
- Q4 2024, one quarter
- Average holding period
- 14.2 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
16 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $35.9M (Q1 2024)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2024 | Feb 3, 2025 | 9 | $20.6M | Dimensional ETF TrustVanguard Ftse All-World Ex-US Index FundDimensional ETF Trust | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 30, 2024 | 9 | $25.8M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 7, 2024 | 9 | $25.9M | Dimensional ETF TrustVanguard Ftse All-World Ex-US Index FundDimensional ETF Trust | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 29, 2024 | 9 | $35.9M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 8, 2024 | 9 | $31.7M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q3 2023 | SEC |
| Q3 2023 | Feb 7, 2024 | 9 | $29.6M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q2 2023 | SEC |
| Q2 2023 | Sep 26, 2023 | 9 | $31.0M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q1 2023 | SEC |
| Q1 2023 | May 16, 2023 | 15 | $28.3M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 13, 2023 | 21 | $27.4M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 17, 2022 | 21 | $23.4M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 16, 2022 | 22 | $23.8M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional ETF Trust | vs. Q1 2022 | SEC |
| Q1 2022 | Jun 7, 2022 | 21 | $24.1M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional U.S. Small Cap ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 11, 2022 | 22 | $23.6M | Vanguard Ftse All-World Ex-US Index FundDimensional ETF TrustDimensional U.S. Small Cap ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 16 | $20.7M | Vanguard Ftse All-World Ex-US Index FundDimensional U.S. Small Cap ETFDimensional ETF Trust | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 19, 2021 | 15 | $16.6M | Vanguard Ftse All-World Ex-US Index FundDimensional U.S. Small Cap ETFVanguard Energy ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 12, 2021 | 8 | $12.5M | Vanguard Ftse All-World Ex-US Index FundVanguard Energy ETFVanguard Materials ETF | – | SEC |