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Livermore
Livermore
ZHEN

Campbell Wealth Management

SEC CIK
0001736648
Latest filing
Jan 30, 2025

The latest 13F from Campbell Wealth Management covers Q4 2024 (filed Jan 30, 2025): 97 long positions worth $1.11B. The top 10 holdings make up 87.8% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 32.9%. Livermore has 18 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.

Full comparison
New
32
Est. +$10.9M
Added
59
Est. +$99.7M
Reduced
2
Est. −$4.40K
Sold out
5
Est. −$127.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    32.9%$365.8M
  2. iShares Core U.S. Aggregate Bond ETF464287226
    12.0%$132.9M
  3. Schwab Strategic Tr808524698
    11.3%$125.4M
  4. Vanguard Morningstar Growth ETF922908736
    7.1%$79.2M
  5. DIASPDR Dow Jones Industrial Average ETF Trust
    6.5%$71.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Short-Term Bond ETF921937827
    +$28.9MAdded
  2. Schwab Strategic Tr808524698
    +$27.7MAddedConverted for a 2-for-1 split
  3. Schwab U.S. Large-Cap ETF808524201
    +$10.5MAddedConverted for a 3-for-1 split
  4. iShares Core U.S. Aggregate Bond ETF464287226
    +$6.82MAdded
  5. iShares Tr46436E718
    +$3.11MAdded

Largest weight increases

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

  1. Vanguard Short-Term Bond ETF921937827
    +2.58 pp3.4% → 6.0%
  2. Schwab Strategic Tr808524698
    +2.18 pp9.1% → 11.3%
  3. Schwab U.S. Large-Cap ETF808524201
    +2.04 pp30.9% → 32.9%
  4. Vanguard Morningstar Growth ETF922908736
    +0.63 pp6.5% → 7.1%
  5. DIASPDR Dow Jones Industrial Average ETF Trust
    +0.32 pp6.1% → 6.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$79.0MSold out
  2. Invesco Exch TRD SLF Idx FD46138J841
    −$26.3MSold out
  3. iShares Tr46436E874
    −$21.6MSold out
  4. First Tr Exchange-Traded FD33733E203
    −$450.0KSold out
  5. PPGPPG Industries Inc
    −$209.0KSold outHistory

Largest weight decreases

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

  1. Invesco QQQ Trust Series I46090E103
    −7.04 pp7.0% → 0.0%
  2. Invesco Exch TRD SLF Idx FD46138J841
    −2.35 pp2.3% → 0.0%
  3. iShares Tr46436E874
    −1.93 pp1.9% → 0.0%
  4. First Tr Exchange-Traded FD33733E203
    −0.04 pp<0.1% → 0.0%
  5. PPGPPG Industries Inc
    −0.02 pp<0.1% → 0.0%History

Metrics

13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.11B
−$11.4M (−1.0%) vs. prior quarter
Positions
97
+27 vs. prior quarter
Top 10 concentration
87.8%
Top 10 as share of value
Turnover
9.9%
Q4 2024, one quarter
Average holding period
4.3 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

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

Peak $1.12B (Q3 2024)

Q1 2021: $729.0MQ2 2021: $738.9MQ3 2021: $746.8MQ4 2021: $874.7MQ1 2022: $822.1MQ2 2022: $714.1MQ3 2022: $692.0MQ4 2022: $718.5MQ1 2023: $798.1MQ2 2023: $778.0MQ3 2023: $821.5MQ4 2023: $842.9MQ1 2024: $1.01BQ2 2024: $309.7MQ3 2024: $1.12BQ4 2024: $1.11B
Q1 2021Q4 2024
13F filings of Campbell Wealth Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2024Jan 30, 202597$1.11BSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFSchwab Strategic Trvs. Q3 2024SEC
Q3 2024Oct 28, 202470$1.12BSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFSchwab Strategic Trvs. Q2 2024SEC
Q2 2024Aug 7, 202450$309.7MInvesco QQQ Trust Series IDIAState Street Industrial Select Sector SPDR ETFvs. Q1 2024SEC
Q1 2024May 9, 202492$1.01BSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFSchwab Strategic Trvs. Q4 2023SEC
Q4 2023Feb 8, 202462$842.9MSchwab U.S. Large-Cap ETFInvesco QQQ Trust Series IiShares Core U.S. Aggregate Bond ETFvs. Q3 2023SEC
Q3 2023Nov 13, 202375$821.5MSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Jul 31, 2023Amended76$778.0MSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Growth ETFvs. Q1 2023SEC
Q1 2023May 8, 202373$798.1MSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Jan 10, 202374$718.5MSchwab U.S. Large-Cap ETFVanguard Short-Term Bond ETFVanguard Malvern FDSvs. Q3 2022SEC
Q3 2022Oct 11, 202273$692.0MSchwab U.S. Large-Cap ETFiShares TrVanguard Short-Term Bond ETFvs. Q2 2022SEC
Q2 2022Aug 2, 202256$714.1MSchwab U.S. Large-Cap ETFiShares TriShares Trvs. Q1 2022SEC
Q1 2022May 18, 202276$822.1MSchwab U.S. Large-Cap ETFiShares TriShares Core U.S. Aggregate Bond ETFvs. Q4 2021SEC
Q4 2021Jan 27, 202279$874.7MSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFiShares Trvs. Q3 2021SEC
Q3 2021Dec 22, 2022Amended77$746.8MSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFiShares Trvs. Q2 2021SEC
Q2 2021Jul 21, 202169$738.9MSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFiShares Trvs. Q1 2021SEC
Q1 2021Apr 30, 202169$729.0MSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFVanguard Total Bond Market ETF–SEC