6 Meridian
- SEC CIK
- 0001730551
- Latest filing
- Feb 1, 2022
The latest 13F from 6 Meridian covers Q4 2021 (filed Feb 1, 2022): 411 long positions worth $1.37B. The top 10 holdings make up 57.5% of the portfolio, and the largest is Exchange Traded Concepts Tru at 18.5%. Livermore has 4 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q4 2021
Share counts compared with Q3 2021: 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
- 46
- Est. +$18.3M
- Added
- 230
- Est. +$47.1M
- Reduced
- 135
- Est. −$22.1M
- Sold out
- 23
- Est. −$8.11M
Top 5 holdings
Share of this quarter's portfolio value
- Exchange Traded Concepts Tru30150566518.5%$252.4M
- Exchange Traded Concepts Tr30150568112.0%$163.5M
- Exchange Traded Concepts Tr30150569910.7%$145.7M
- Exchange Traded Concepts Tr3015056734.7%$64.5M
- JPMorgan Ultra-Short Income ETF46641Q8372.7%$36.4M
Biggest buys
New and added positions, by estimated amount bought
- Exchange Traded Concepts Tr301505616+$8.91MAdded
- Vanguard Scottsdale FDS92206C102+$6.04MAdded
- Goldman Sachs ETF Tr381430230+$4.67MAdded
- Invesco Actively Managed Exc46090A879+$4.39MAdded
- Exchange Traded Concepts Tru301505665+$3.78MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Exchange Traded Concepts Tr301505616+0.67 pp1.5% → 2.2%
- Vanguard Scottsdale FDS92206C102+0.30 pp1.8% → 2.1%
- Exchange Traded Concepts Tr301505699+0.30 pp10.4% → 10.7%
- Goldman Sachs ETF Tr381430230+0.24 pp1.4% → 1.6%
- Invesco Actively Managed Exc46090A879+0.23 pp1.3% → 1.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
Metrics
13F metrics for Q4 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $1.37B
- +$98.3M (+7.8%) vs. prior quarter
- Positions
- 411
- +23 vs. prior quarter
- Top 10 concentration
- 57.5%
- Top 10 as share of value
- Turnover
- 2.3%
- Q4 2021, one quarter
- Average holding period
- 3.8 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
4 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $1.37B (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2021 | Feb 1, 2022 | 411 | $1.37B | Exchange Traded Concepts TruExchange Traded Concepts TrExchange Traded Concepts Tr | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 3, 2021 | 388 | $1.27B | Exchange Traded Concepts TruExchange Traded Concepts TrExchange Traded Concepts Tr | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 14, 2021 | 389 | $1.26B | Exchange Traded Concepts TruExchange Traded Concepts TrExchange Traded Concepts Tr | vs. Q1 2021 | SEC |
| Q1 2021 | Apr 22, 2021 | 397 | $1.17B | Exchange Traded Concepts TruExchange Traded Concepts TrExchange Traded Concepts Tr | – | SEC |