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Livermore
Livermore
ZHEN

Altium Wealth Management LLC

SEC CIK
0001739594
Latest filing
Jul 22, 2022

The latest 13F from Altium Wealth Management LLC covers Q2 2022 (filed Jul 22, 2022): 374 long positions worth $1.39B. The top 10 holdings make up 47.9% of the portfolio, and the largest is Vanguard S&P 500 ETF at 12.1%. Livermore has 6 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2022

Share counts compared with Q1 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.

Full comparison
New
22
Est. +$12.2M
Added
183
Est. +$89.2M
Reduced
134
Est. −$29.3M
Sold out
25
Est. −$7.16M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    12.1%$167.5M
  2. iShares Core MSCI Eafe ETF46432F842
    9.2%$127.8M
  3. iShares Core S&P Mid-Cap ETF464287507
    4.9%$67.6M
  4. iShares Core MSCI Emerging Markets ETF46434G103
    4.4%$60.8M
  5. Vanguard Ftse Developed Markets ETF921943858
    4.2%$58.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$6.44MAdded
  2. Vanguard Ftse Developed Markets ETF921943858
    +$6.39MAdded
  3. Vanguard Ftse Emerging Markets ETF922042858
    +$6.06MAdded
  4. Vanguard Morningstar Mid-Cap ETF922908629
    +$5.83MAdded
  5. Vanguard Morningstar Small-Cap ETF922908751
    +$4.49MAdded

Largest weight increases

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

  1. Vanguard Ftse Emerging Markets ETF922042858
    +0.46 pp2.3% → 2.7%
  2. Invesco Exch Traded FD Tr II46138G870
    +0.28 pp0.8% → 1.1%
  3. Vanguard Ftse Developed Markets ETF921943858
    +0.26 pp4.0% → 4.2%
  4. Vanguard Morningstar Small-Cap ETF922908751
    +0.25 pp0.9% → 1.2%
  5. Hartford FDS Exchange Traded41653L503
    +0.25 pp0.8% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    −$3.62MReduced
  2. iShares Core MSCI Eafe ETF46432F842
    −$3.32MReduced
  3. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$3.13MReduced
  4. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −$2.32MReduced
  5. iShares Core S&P Mid-Cap ETF464287507
    −$1.85MReduced

Largest weight decreases

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

  1. iShares Core MSCI Eafe ETF46432F842
    −0.78 pp10.0% → 9.2%
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −0.48 pp2.2% → 1.7%
  3. iShares Core S&P Mid-Cap ETF464287507
    −0.44 pp5.3% → 4.9%
  4. AMZNAmazon Com Inc
    −0.31 pp1.1% → 0.8%History
  5. Vanguard S&P 500 Growth ETF921932505
    −0.28 pp2.3% → 2.0%

Metrics

13F metrics for Q2 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.39B
−$162.7M (−10.5%) vs. prior quarter
Positions
374
−3 vs. prior quarter
Top 10 concentration
47.9%
Top 10 as share of value
Turnover
2.5%
Q2 2022, one quarter
Average holding period
5.9 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

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

Peak $1.55B (Q4 2021)

Q1 2021: $1.25BQ2 2021: $1.36BQ3 2021: $1.40BQ4 2021: $1.55BQ1 2022: $1.55BQ2 2022: $1.39B
Q1 2021Q2 2022
13F filings of Altium Wealth Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2022Jul 22, 2022374$1.39BVanguard S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFvs. Q1 2022SEC
Q1 2022May 16, 2022377$1.55BVanguard S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFvs. Q4 2021SEC
Q4 2021Jan 31, 2022390$1.55BiShares Core MSCI Eafe ETFVanguard S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021377$1.40BiShares Core MSCI Eafe ETFVanguard S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q2 2021SEC
Q2 2021Aug 13, 2021377$1.36BiShares Core MSCI Eafe ETFVanguard S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q1 2021SEC
Q1 2021May 6, 2021380$1.25BVanguard S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETF–SEC