55I, LLC
- SEC CIK
- 0001730242
- Latest filing
- Nov 14, 2022
The latest 13F from 55I, LLC covers Q3 2022 (filed Nov 14, 2022): 580 long positions worth $3.58B. The top 10 holdings make up 46.1% of the portfolio, and the largest is iShares Core S&P 500 ETF at 10.9%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2022
Share counts compared with Q2 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.
- New
- 193
- Est. +$105.8M
- Added
- 300
- Est. +$911.2M
- Reduced
- 86
- Est. −$260.7M
- Sold out
- 154
- Est. −$547.3M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF46428720010.9%$389.1M
- iShares Tr46435G42510.1%$362.9M
- State Street SPDR Portfolio S&P 500 ETF78464A8547.6%$273.6M
- iShares Tr4642888774.1%$146.0M
- iShares Tr4642888853.9%$138.2M
Biggest buys
New and added positions, by estimated amount bought
- iShares Core S&P 500 ETF464287200+$91.3MAdded
- iShares Core S&P Small Cap ETF464287804+$54.9MAdded
- State Street SPDR Portfolio S&P 500 ETF78464A854+$43.4MAdded
- iShares Tr46435G409+$41.6MAdded
- iShares Tr464287234+$35.5MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Core S&P 500 ETF464287200+2.06 pp8.8% → 10.9%
- iShares Core S&P Small Cap ETF464287804+1.52 pp0.2% → 1.8%
- iShares Tr46435G409+1.08 pp0.7% → 1.8%
- iShares Tr464287234+0.97 pp0.2% → 1.1%
- State Street SPDR Portfolio S&P 500 ETF78464A854+0.84 pp6.8% → 7.6%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- JPMorgan US Equity Fund4812A1159−$69.1MSold out
- NexPoint Merger Arbitrage Fund430101642−$66.8MSold out
- BlackRock Tactical Opportunities Fund Instl CL N/L091927848−$64.1MSold out
- iShares S&P Small-Cap 600 Value ETF464287879−$44.4MReduced
- iShares Tr464288877−$43.3MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- JPMorgan US Equity Fund4812A1159−1.93 pp1.9% → 0.0%
- iShares Tr464288877−1.89 pp6.0% → 4.1%
- NexPoint Merger Arbitrage Fund430101642−1.87 pp1.9% → 0.0%
- BlackRock Tactical Opportunities Fund Instl CL N/L091927848−1.79 pp1.8% → 0.0%
- iShares S&P Small-Cap 600 Value ETF464287879−1.34 pp1.4% → 0.1%
Metrics
13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $3.58B
- +$5.78M (+0.2%) vs. prior quarter
- Positions
- 580
- +39 vs. prior quarter
- Top 10 concentration
- 46.1%
- Top 10 as share of value
- Turnover
- 22.6%
- Q3 2022, one quarter
- Average holding period
- 6.3 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
7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $4.22B (Q1 2022)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2022 | Nov 14, 2022 | 580 | $3.58B | iShares Core S&P 500 ETFiShares TrState Street SPDR Portfolio S&P 500 ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 12, 2022 | 541 | $3.57B | iShares TriShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q1 2022 | SEC |
| Q1 2022 | May 11, 2022 | 516 | $4.22B | iShares TriShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 9, 2022 | 483 | $3.92B | iShares TriShares TriShares Core S&P 500 ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 9, 2021 | 475 | $3.35B | iShares TriShares TrState Street SPDR Portfolio S&P 500 ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 13, 2021 | 398 | $2.82B | iShares TriShares TriShares U.S. Treasury Bond ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 3, 2021 | 299 | $1.99B | iShares TriShares TriShares Core S&P 500 ETF | – | SEC |