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Livermore
Livermore
ZHEN

Change Path, LLC

SEC CIK
0001739728
Latest filing
Aug 13, 2026

Holdings in Q1 2023

Holdings as of Mar 31, 2023, filed May 15, 2023. Long positions only; changes compare share counts with Q4 2022.

Institution overview
Positions
789
+58 vs. Q4 2022
Portfolio value
$2.03B
+$210.9M (+11.6%) vs. Q4 2022
Filed
May 15, 2023
SEC
Holdings of Change Path, LLC in Q1 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
TEAFTortoise Sustainable & Social Impact Term FundClosed-End Fund34,477$447.0K<0.1%−7,007−16.9%ReducedHistory
MGTXMeiraGTx Holdings plcCOM86,089$445.0K<0.1%+86,089NewHistory
KNTKKinetik Holdings Inc.COM NEW CL A14,164$443.0K<0.1%+137+1.0%AddedHistory
MMM3M CoStock4,193$441.0K<0.1%−416−9.0%ReducedHistory
CCitigroup IncStock9,392$440.0K<0.1%+1,966+26.5%AddedHistory
DBX ETF Tr233051432XTRACK USD HIGH12,630$439.0K<0.1%+484+4.0%Added–
SONOSonos IncCOM22,400$439.0K<0.1%−6,500−22.5%ReducedHistory
American Centy ETF Tr025072703INTL EQT ETF7,678$438.0K<0.1%+12+0.2%Added–
SPDR Series Trust78464A672ST INTER ETF14,920$432.0K<0.1%−310−2.0%Reduced–
Innovator ETFs Trust45782C664US EQTY BUF SEP13,370$429.0K<0.1%00.0%Unchanged–
State Street SPDR Bloomberg Emerging Markets Local Bond ETF78464A391ETF20,187$428.0K<0.1%−302−1.5%Reduced–
Schwab U.S. Large-Cap ETF808524201ETF8,835$427.0K<0.1%+521+6.3%Added–
MEDPMedpace Holdings, Inc.COM2,264$426.0K<0.1%+2,264NewHistory
LHLabcorp Holdings Inc.COM NEW1,846$424.0K<0.1%+702+61.4%AddedHistory
Litman Gregory FDS Tr53700T827IMGP DBI MAN ETF16,039$422.0K<0.1%+16,039New–
Great Ajax Corp38983D4097.25 CV SR NT 2417,417$421.0K<0.1%+1,980+12.8%Added–
SPDR Series Trust78468R523ST STR BL 12 ETF4,212$420.0K<0.1%+4,212New–
iShares Inc464286533MSCI EMERG MRKT7,685$419.0K<0.1%−325,345−97.7%Reduced–
DAVAEndava plcADS6,231$419.0K<0.1%−862−12.2%ReducedHistory
GDGeneral Dynamics CorpStock1,830$418.0K<0.1%+77+4.4%AddedHistory
PIIPolaris Inc.Stock3,761$416.0K<0.1%+119+3.3%AddedHistory
iShares Tr464287762US HLTHCARE ETF1,510$412.0K<0.1%+457+43.4%Added–
NVSNovartis AGADR4,451$410.0K<0.1%+1,466+49.1%AddedHistory
MOSMosaic CoCOM8,914$409.0K<0.1%+1,201+15.6%AddedHistory
PXDPioneer Natural Resources CoCOM2,003$409.0K<0.1%+1,011+101.9%AddedHistory
State Street Materials Select Sector SPDR ETF81369Y100ETF5,055$408.0K<0.1%+5,055New–
MDLZMondelez International, Inc.Stock5,843$407.0K<0.1%+68+1.2%AddedHistory
NVEENV5 Global, Inc.COM3,898$405.0K<0.1%+424+12.2%AddedHistory
AMEAmetek IncCOM2,758$401.0K<0.1%+210+8.2%AddedHistory
NOVNOV Inc.COM21,504$398.0K<0.1%+203+1.0%AddedHistory
PNCPNC Financial Services Group, Inc.Stock3,124$397.0K<0.1%+170+5.8%AddedHistory
VanEck ETF Trust92189F429PREFERRED SECURT22,373$395.0K<0.1%+22,373New–
WMWaste Management IncStock2,413$394.0K<0.1%+771+47.0%AddedHistory
New York Life Investments Et45409B107HEDGE MULTI STRA13,435$392.0K<0.1%+6,007+80.9%Added–
WBAWalgreens Boots Alliance, Inc.COM11,340$392.0K<0.1%+1,403+14.1%AddedHistory
Schwab Fundamental U.S. Large Company ETF808524771ETF7,122$391.0K<0.1%+447+6.7%Added–
DHRDanaher CorpStock1,552$391.0K<0.1%−244−13.6%ReducedHistory
iShares Tr464288604MRGSTR SM CP GR10,027$391.0K<0.1%+855+9.3%Added–
OCSLOaktree Specialty Lending CorpCOM20,791$390.0K<0.1%+14,284+219.5%AddedConverted for a 1-for-3 splitHistory
MSMorgan StanleyStock4,431$389.0K<0.1%−32−0.7%ReducedHistory
iShares Tr46435G516ESG AW MSCI EAFE5,387$387.0K<0.1%−207−3.7%Reduced–
SHOPShopify Inc.Stock8,028$385.0K<0.1%−4,889−37.8%ReducedHistory
CFLTConfluent, Inc.CLASS A COM15,854$382.0K<0.1%+4,701+42.2%AddedHistory
XELXcel Energy IncStock5,639$380.0K<0.1%−1,717−23.3%ReducedHistory
iShares U.S. Medical Devices ETF464288810ETF7,033$380.0K<0.1%−447−6.0%Reduced–
ITWIllinois Tool Works IncStock1,553$379.0K<0.1%−22−1.4%ReducedHistory
PECOPhillips Edison & Company, Inc.COMMON STOCK11,577$378.0K<0.1%−259−2.2%ReducedHistory
NLYAnnaly Capital Management IncREIT19,716$377.0K<0.1%+1,928+10.8%AddedHistory
iShares Tr464287291GLOBAL TECH ETF6,926$377.0K<0.1%−200−2.8%Reduced–
MSIMotorola Solutions, Inc.Stock1,313$376.0K<0.1%−31−2.3%ReducedHistory
SCIService Corp InternationalCOM5,449$375.0K<0.1%+227+4.3%AddedHistory
VanEck ETF Trust92189H607OIL SERVICES ETF1,344$373.0K<0.1%+10+0.7%Added–
KHCKraft Heinz CoStock9,607$371.0K<0.1%+51+0.5%AddedHistory
Pacer US Small Cap Cash Cows ETF69374H857ETF9,740$371.0K<0.1%+9,740New–
RVTYRevvity, Inc.COM2,785$371.0K<0.1%+2,785NewHistory
SHAKShake Shack Inc.CL A6,683$371.0K<0.1%+111+1.7%AddedHistory
Dimensional ETF Trust25434V864SHOR DUR FIX ETF7,915$369.0K<0.1%+7,915New–
TJXTJX Companies IncStock4,678$367.0K<0.1%+268+6.1%AddedHistory
Vanguard Ftse All-World Ex-US Index Fund922042775ETF6,781$363.0K<0.1%+54+0.8%Added–
LHXL3HARRIS Technologies, Inc.Stock1,843$362.0K<0.1%+180+10.8%AddedHistory
First Tr Exch Traded FD III33740J104ULTRA SHT DUR MU18,121$362.0K<0.1%+18,121New–
Innovator ETFs Trust45782C557US EQTY BUF DEC10,702$362.0K<0.1%00.0%Unchanged–
NETCloudflare, Inc.CL A COM5,864$362.0K<0.1%−115−1.9%ReducedHistory
OXYOccidental Petroleum CorpStock5,793$361.0K<0.1%+5,793NewHistory
WPCW. P. Carey Inc.COM4,653$360.0K<0.1%+1,090+30.6%AddedHistory
First Tr Exchange-Traded FD33734X838INDXX NAT RE ETF27,177$360.0K<0.1%+27,177New–
iShares Tr464288570ESG MSCI KLD ETF4,595$358.0K<0.1%+9+0.2%Added–
First Tr Exch TRD Alphdx FD33737J190GERMANY ALPHA9,369$358.0K<0.1%+1,985+26.9%Added–
PAYCPaycom Software, Inc.Stock1,171$356.0K<0.1%+141+13.7%AddedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF10,993$356.0K<0.1%−49−0.4%Reduced–
AZOAutoZone IncCOM145$356.0K<0.1%−8−5.2%ReducedHistory
iShares Inc464286871MSCI HONG KG ETF17,291$355.0K<0.1%+3,673+27.0%Added–
First Tr Exchange-Traded FD33739Q408FIRST TR ENH NEW5,972$355.0K<0.1%+5,972New–
PRUPrudential Financial IncStock4,283$354.0K<0.1%+142+3.4%AddedHistory
VanEck Morningstar Wide Moat ETF92189F643ETF4,771$352.0K<0.1%−3,627−43.2%Reduced–
NDAQNasdaq, Inc.COM6,438$352.0K<0.1%+2,233+53.1%AddedHistory
USBUS Bancorp DECOM NEW9,766$352.0K<0.1%−915−8.6%ReducedHistory
ALBAlbemarle CorpStock1,590$351.0K<0.1%+76+5.0%AddedHistory
GMGeneral Motors CoCOM9,534$350.0K<0.1%+1,776+22.9%AddedHistory
Vanguard Morningstar Large-Cap ETF922908637ETF1,854$347.0K<0.1%+56+3.1%Added–
First Tr Exchng Traded FD VI33740U505FT VEST UQ EQT10,292$347.0K<0.1%+10,292New–
Victory Portfolios II92647N535SHORT TRM BD ETF7,080$347.0K<0.1%+10+0.1%Added–
Schwab U.S. Broad Market ETF808524102ETF7,218$345.0K<0.1%−1,878−20.6%Reduced–
MUMicron Technology IncStock5,702$344.0K<0.1%+579+11.3%AddedHistory
ROKRockwell Automation, IncStock1,172$344.0K<0.1%−478−29.0%ReducedHistory
PSXPhillips 66Stock3,373$342.0K<0.1%+146+4.5%AddedHistory
ZMZoom Communications, Inc.Stock4,635$342.0K<0.1%−45−1.0%ReducedHistory
Vanguard Intermediate-Term Corporate Bond ETF92206C870ETF4,246$341.0K<0.1%+4,246New–
GLWCorning IncCOM9,644$340.0K<0.1%+685+7.6%AddedHistory
iShares Tr46434V4070-5YR HI YL CP8,081$337.0K<0.1%+2,523+45.4%Added–
First Tr Exchange-Traded FD33738R852NASDQ FOD BVRG12,554$337.0K<0.1%+12,554New–
CICigna GroupStock1,316$336.0K<0.1%+19+1.5%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR3,602$335.0K<0.1%−72−2.0%ReducedHistory
IDCCInterDigital, Inc.COM4,600$335.0K<0.1%−323−6.6%ReducedHistory
WECWec Energy Group, Inc.Stock3,527$334.0K<0.1%+1,202+51.7%AddedHistory
Fidelity Covington Trust316092618ENHA HIGH YI ETF7,072$334.0K<0.1%−1,298−15.5%Reduced–
Abrdn ETFs003261203BBRG ALL COMMDY10,081$334.0K<0.1%−2,632−20.7%Reduced–
CMGChipotle Mexican Grill IncCOM195$333.0K<0.1%+195NewHistory
ZBRAZebra Technologies CorpCL A1,048$333.0K<0.1%−131−11.1%ReducedHistory
iShares Inc464286582MSCI JAPN SMCETF4,862$332.0K<0.1%+1,188+32.3%Added–

Sold out since Q4 2022 (60)

Positions held at the end of Q4 2022 that are gone from this filing.

Positions of Change Path, LLC sold out since Q4 2022
SecurityClassShares in Q4 2022Value in Q4 2022% of portfolio in Q4 2022History
SPDR Series Trust78468R408ST TERM HIGH ETF560,745$13.6M0.7%–
iShares Tr46435G102CONV BD ETF60,201$4.18M0.2%–
State Street SPDR Portfolio Long Term Corporate Bond ETF78464A367ETF108,635$2.44M0.1%–
Invesco Exch TRD SLF Idx FD46138J866BULSHS 2023 CB98,897$2.08M0.1%–
iShares Tr464287796U.S. ENERGY ETF39,896$1.85M0.1%–
First Tr Exchng Traded FD VI33740F714FT VEST US EQT55,134$1.78M0.1%–
First Tr Exchng Traded FD VI33740U802FT VEST U.S.53,318$1.57M0.1%–
iShares Tr46435G409MSCI INTL VLU FT66,268$1.54M0.1%–
AAPAdvance Auto Parts IncCOM9,133$1.34M0.1%History
First Tr Exchng Traded FD VI33740F862FT VEST US EQT34,267$1.19M0.1%–
TSNTyson Foods, Inc.Stock17,867$1.11M0.1%History
PDOPIMCO Dynamic Income Opportunities FundCOM BEN SHS67,638$864.0K<0.1%History
Vanguard Intl Equity Index F922042866FTSE PACIFIC ETF11,915$767.0K<0.1%–
TTDTrade Desk, Inc.Stock12,789$574.0K<0.1%History
KDPKeurig Dr Pepper Inc.COM14,362$512.0K<0.1%History
PDIPIMCO Dynamic Income FundSHS25,139$465.0K<0.1%History
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF11,619$452.0K<0.1%–
PEverpure, Inc.CL A16,539$443.0K<0.1%History
SWKSSkyworks Solutions, Inc.Stock4,836$441.0K<0.1%History
POOLPool CorpCOM1,398$423.0K<0.1%History
AOSSmith A O CorpCOM7,174$411.0K<0.1%History
ETF Ser Solutions26922B873DEFIANCE HTL AIR24,600$395.0K<0.1%–
iShares Tr46436E619ESG ADVAN ETF9,028$381.0K<0.1%–
RHIRobert Half Inc.COM5,104$377.0K<0.1%History
iShares Inc464286509MSCI CDA ETF11,341$371.0K<0.1%–
iShares U S ETF Tr46431W705INT RT HDG C B3,663$332.0K<0.1%–
First Tr Exchng Traded FD VI33740F888SMIT UNCO BD ETF13,327$321.0K<0.1%–
iShares Inc46434G822MSCI JAPAN ETF5,866$319.0K<0.1%–
Invesco Exch TRD SLF Idx FD46138J726RAFI STRG US ETF11,077$298.0K<0.1%–
SPDR Index Shs FDS78463X749ST DOW GLOBA ETF6,994$286.0K<0.1%–
HIIHuntington Ingalls Industries, Inc.COM1,219$282.0K<0.1%History
HALOHalozyme Therapeutics, Inc.COM4,744$270.0K<0.1%History
iShares U S ETF Tr46431W507SHOR DURA BD ETF5,354$264.0K<0.1%–
Invesco Exchange Traded FD T46137V480S&P SMCP VLU MNT5,752$263.0K<0.1%–
Invesco Exchange Traded FD T46137V290S&P500 EQL REL8,277$254.0K<0.1%–
BOHBank of Hawaii CorpCOM3,200$248.0K<0.1%History
First Tr Exchange-Traded FD33734H106SHS6,139$245.0K<0.1%–
ProShares Tr74347X849SHRT 20+YR TRE10,125$230.0K<0.1%–
DBCInvesco DB Commodity Index Tracking FundUNIT9,049$223.0K<0.1%History
NSCNorfolk Southern CorpStock900$222.0K<0.1%History
NUENucor CorpCOM1,681$222.0K<0.1%History
John Hancock Exchange Traded47804J776PFD INCOME ETF10,000$216.0K<0.1%–
CWHCamping World Holdings, Inc.CL A9,503$212.0K<0.1%History
ALKAlaska Air Group, Inc.COM4,917$211.0K<0.1%History
iShares Tr46436E759ESG EAFE ETF3,847$209.0K<0.1%–
CEGConstellation Energy CorpStock2,416$208.0K<0.1%History
PFDFlaherty & Crumrine Preferred & Income Fund IncCOM18,600$207.0K<0.1%History
VTRVentas, Inc.REIT4,566$206.0K<0.1%History
iShares Tr46435U663ESG AWARE MSCI6,272$206.0K<0.1%–
Fidelity MSCI Utilities Index ETF316092865ETF4,445$203.0K<0.1%–
SBACSba Communications CorpCL A725$203.0K<0.1%History
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR19,001$202.0K<0.1%History
iShares Tr46435G433MSCI USA SMCP MN5,781$200.0K<0.1%–
First Tr Exch Traded FD III33739P855INSTL PFD SECS10,620$189.0K<0.1%–
First Tr MLP & Energy Incom33739B104COM19,100$149.0K<0.1%–
RESRPC IncCOM15,995$142.0K<0.1%History
JBLUJetBlue Airways CorpCOM15,362$100.0K<0.1%History
NATNordic American Tankers LtdCOM30,495$93.0K<0.1%History
RTLNecessity Retail REIT, Inc.COM CLASS A11,311$67.0K<0.1%History
LUMNLumen Technologies, Inc.Stock10,078$53.0K<0.1%History