Skip to main content
Livermore
Livermore
ZHEN

Carmichael Hill & Associates, Inc.

SEC CIK
0001730295
Latest filing
Oct 29, 2024

The latest 13F from Carmichael Hill & Associates, Inc. covers Q3 2024 (filed Oct 29, 2024): 664 long positions worth $270.6M. The top 10 holdings make up 34.5% of the portfolio, and the largest is Apple Inc. (AAPL) at 7.8%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2024

Share counts compared with Q2 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.

Full comparison
New
30
Est. +$623.0K
Added
198
Est. +$12.1M
Reduced
116
Est. −$3.51M
Sold out
43
Est. −$395.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    7.8%$21.1MHistory
  2. MSFTMicrosoft Corp
    4.9%$13.2MHistory
  3. Schwab U.S. Broad Market ETF808524102
    4.2%$11.3M
  4. Schwab U.S. Large-Cap ETF808524201
    3.2%$8.76M
  5. BRK.BBerkshire Hathaway Inc
    3.2%$8.73MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Scottsdale FDS92206C102
    +$1.30MAdded
  2. Schwab U.S. Large-Cap ETF808524201
    +$1.00MAdded
  3. Vanguard Morningstar Small-Cap ETF922908751
    +$752.7KAdded
  4. iShares Core S&P 500 ETF464287200
    +$702.5KAdded
  5. Invesco Nasdaq 100 ETF46138G649
    +$674.6KAdded

Largest weight increases

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

  1. Vanguard Scottsdale FDS92206C102
    +0.48 pp<0.1% → 0.5%
  2. Vanguard Morningstar Small-Cap ETF922908751
    +0.26 pp1.6% → 1.9%
  3. Schwab U.S. Large-Cap ETF808524201
    +0.25 pp3.0% → 3.2%
  4. iShares Core S&P 500 ETF464287200
    +0.21 pp1.2% → 1.5%
  5. Invesco Nasdaq 100 ETF46138G649
    +0.20 pp0.7% → 0.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Growth ETF922908736
    −$384.4KReduced
  2. METAMeta Platforms, Inc.
    −$210.6KReducedHistory
  3. CSCOCisco Systems, Inc.
    −$153.5KReducedHistory
  4. HODLVanEck Bitcoin ETF
    −$143.0KReducedHistory
  5. HDHome Depot, Inc.
    −$130.9KReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.74 pp5.6% → 4.9%History
  2. Vanguard Morningstar Growth ETF922908736
    −0.18 pp0.6% → 0.4%
  3. NVDANVIDIA Corp
    −0.10 pp0.8% → 0.7%History
  4. GOOGAlphabet Inc.
    −0.10 pp0.5% → 0.4%History
  5. PGProcter & Gamble Co
    −0.09 pp1.0% → 0.9%History

Metrics

13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$270.6M
+$24.9M (+10.1%) vs. prior quarter
Positions
664
−13 vs. prior quarter
Top 10 concentration
34.5%
Top 10 as share of value
Turnover
1.5%
Q3 2024, one quarter
Average holding period
14.6 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

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

Peak $270.6M (Q3 2024)

Q1 2021: $165.9MQ2 2021: $176.9MQ3 2021: $177.0MQ4 2021: $197.9MQ1 2022: $199.0MQ2 2022: $175.8MQ3 2022: $171.5MQ4 2022: $180.0MQ1 2023: $195.3MQ2 2023: $210.1MQ3 2023: $203.7MQ4 2023: $226.3MQ1 2024: $242.9MQ2 2024: $245.7MQ3 2024: $270.6M
Q1 2021Q3 2024
13F filings of Carmichael Hill & Associates, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2024Oct 29, 2024664$270.6MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q2 2024SEC
Q2 2024Aug 2, 2024677$245.7MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q1 2024SEC
Q1 2024Apr 24, 2024671$242.9MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q4 2023SEC
Q4 2023Jan 23, 2024681$226.3MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q3 2023SEC
Q3 2023Oct 30, 2023681$203.7MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q2 2023SEC
Q2 2023Aug 4, 2023687$210.1MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q1 2023SEC
Q1 2023Apr 5, 2023682$195.3MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q4 2022SEC
Q4 2022Feb 14, 2023668$180.0MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q3 2022SEC
Q3 2022Nov 10, 2022735$171.5MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q2 2022SEC
Q2 2022Aug 5, 2022733$175.8MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q1 2022SEC
Q1 2022May 16, 2022697$199.0MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q4 2021SEC
Q4 2021Jan 31, 2022696$197.9MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q3 2021SEC
Q3 2021Nov 12, 2021691$177.0MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q2 2021SEC
Q2 2021Aug 3, 2021674$176.9MAAPLMSFTSchwab U.S. Broad Market ETFvs. Q1 2021SEC
Q1 2021Apr 28, 2021666$165.9MAAPLMSFTSchwab U.S. Broad Market ETF–SEC