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Livermore
Livermore
ZHEN

TIAA Kaspick, LLC

SEC CIK
0001735101
Latest filing
Nov 4, 2021

The latest 13F from TIAA Kaspick, LLC covers Q3 2021 (filed Nov 4, 2021): 16 long positions worth $24.2M. The top 10 holdings make up 90.6% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 21.2%. Livermore has 3 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2021

Share counts compared with Q2 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.

Full comparison
New
0
Added
1
Est. +$1.28K
Reduced
6
Est. −$260.0K
Sold out
4
Est. −$2.37M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    21.2%$5.12MHistory
  2. iShares Tr464287622
    15.2%$3.67M
  3. Vanguard Ftse Developed Markets ETF921943858
    14.2%$3.44M
  4. AXPAmerican Express Co
    11.3%$2.73MHistory
  5. iShares MSCI Eafe ETF464287465
    6.2%$1.49M

Share of portfolio

Top 5 holdings and the other 11 positions, by share of portfolio value

  1. SPY21.2%
  2. iShares Tr15.2%
  3. Vanguard Ftse Developed Markets ETF14.2%
  4. AXP11.3%
  5. iShares MSCI Eafe ETF6.2%
  6. Other 11 positions32.0%

Biggest buys

New and added positions, by estimated amount bought

  1. MMTAberdeen Multi-Market Income Fund
    +$1.28KAddedHistory

Largest weight increases

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

  1. MMTAberdeen Multi-Market Income Fund
    +0.05 pp0.2% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$1.41MSold out
  2. iShares Russell Midcap ETF464287499
    −$489.0KSold out
  3. DIASPDR Dow Jones Industrial Average ETF Trust
    −$293.0KSold outHistory
  4. GEGeneral Electric Co
    −$174.0KSold outConverted for a 1-for-8 splitHistory
  5. Vanguard Scottsdale FDS92206C102
    −$107.3KReduced

Largest weight decreases

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

  1. iShares Core S&P 500 ETF464287200
    −5.23 pp5.2% → 0.0%
  2. iShares Russell Midcap ETF464287499
    −1.81 pp1.8% → 0.0%
  3. DIASPDR Dow Jones Industrial Average ETF Trust
    −1.09 pp1.1% → 0.0%History
  4. GEGeneral Electric Co
    −0.65 pp0.6% → 0.0%History
  5. Vanguard Scottsdale FDS92206C102
    −0.29 pp1.3% → 1.1%

Metrics

13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.

Portfolio value
$24.2M
−$2.79M (−10.3%) vs. prior quarter
Positions
16
−4 vs. prior quarter
Top 10 concentration
90.6%
Top 10 as share of value
Turnover
<0.1%
Q3 2021, one quarter
Average holding period
2.9 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

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

Peak $27.0M (Q2 2021)

Q1 2021: $21.2MQ2 2021: $27.0MQ3 2021: $24.2M
Q1 2021Q3 2021
13F filings of TIAA Kaspick, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2021Nov 4, 202116$24.2MSPYiShares TrVanguard Ftse Developed Markets ETFvs. Q2 2021SEC
Q2 2021Aug 4, 202120$27.0MSPYiShares TrVanguard Ftse Developed Markets ETFvs. Q1 2021SEC
Q1 2021May 11, 202115$21.2MSPYiShares TrVanguard Ftse Developed Markets ETF–SEC