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Livermore
Livermore
ZHEN

Aj Wealth Strategies, LLC

SEC CIK
0001744073
Latest filing
Jul 20, 2023

The latest 13F from Aj Wealth Strategies, LLC covers Q2 2023 (filed Jul 20, 2023): 297 long positions worth $2.07B. The top 10 holdings make up 47.0% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 9.6%. Livermore has 10 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2023

Share counts compared with Q1 2023: 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
24
Est. +$60.5M
Added
106
Est. +$254.3M
Reduced
60
Est. −$224.3M
Sold out
15
Est. −$11.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    9.6%$198.6M
  2. Vanguard S&P 500 ETF922908363
    7.4%$153.5M
  3. iShares Tr46436E718
    6.4%$133.2M
  4. Invesco QQQ Trust Series I46090E103
    3.9%$80.7M
  5. WisdomTree Tr97717Y527
    3.7%$76.9M

Share of portfolio

Top 5 holdings and the other 292 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap ETF9.6%
  2. Vanguard S&P 500 ETF7.4%
  3. iShares Tr6.4%
  4. Invesco QQQ Trust Series I3.9%
  5. WisdomTree Tr3.7%
  6. Other 292 positions68.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$54.9MAdded
  2. Invesco Exchange Traded FD T46137V357
    +$41.3MAdded
  3. IAUiShares Gold Trust
    +$31.6MNewHistory
  4. State Street Energy Select Sector SPDR ETF81369Y506
    +$30.0MAdded
  5. iShares Tr46436E718
    +$29.1MAdded

Largest weight increases

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

  1. Vanguard S&P 500 ETF922908363
    +2.67 pp4.7% → 7.4%
  2. Invesco Exchange Traded FD T46137V357
    +1.99 pp0.2% → 2.2%
  3. IAUiShares Gold Trust
    +1.53 pp0.0% → 1.5%History
  4. State Street Energy Select Sector SPDR ETF81369Y506
    +1.45 pp<0.1% → 1.5%
  5. iShares Tr46436E718
    +1.01 pp5.4% → 6.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$88.0MReduced
  2. First Tr Exchange-Traded FD33739Q408
    −$44.2MReduced
  3. Schwab International Equity ETF808524805
    −$22.7MReduced
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    −$20.7MReduced
  5. Vanguard Star FDS921909768
    −$11.5MReduced

Largest weight decreases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −4.63 pp5.1% → 0.5%
  2. First Tr Exchange-Traded FD33739Q408
    −2.38 pp3.2% → 0.9%
  3. Schwab International Equity ETF808524805
    −1.31 pp4.3% → 3.0%
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    −1.20 pp3.9% → 2.7%
  5. Vanguard Star FDS921909768
    −0.69 pp2.4% → 1.7%

Metrics

13F metrics for Q2 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.07B
+$151.4M (+7.9%) vs. prior quarter
Positions
297
+9 vs. prior quarter
Top 10 concentration
47.0%
Top 10 as share of value
Turnover
11.8%
Q2 2023, one quarter
Average holding period
7.7 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

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

Peak $2.10B (Q4 2021)

Q1 2021: $1.41BQ2 2021: $1.68BQ3 2021: $1.85BQ4 2021: $2.10BQ1 2022: $2.03BQ2 2022: $1.90BQ3 2022: $1.72BQ4 2022: $1.90BQ1 2023: $1.92BQ2 2023: $2.07B
Q1 2021Q2 2023
13F filings of Aj Wealth Strategies, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2023Jul 20, 2023297$2.07BSchwab U.S. Large-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q1 2023SEC
Q1 2023Apr 28, 2023288$1.92BSchwab U.S. Large-Cap ETFiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2022SEC
Q4 2022Jan 25, 2023300$1.90BSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFiShares Trvs. Q3 2022SEC
Q3 2022Oct 27, 2022306$1.72BSchwab U.S. Large-Cap ETFJPMorgan Ultra-Short Income ETFVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Aug 4, 2022307$1.90BInvesco Exch TRD SLF Idx FDSchwab U.S. Large-Cap ETFJPMorgan Ultra-Short Income ETFvs. Q1 2022SEC
Q1 2022May 13, 2022322$2.03BSchwab U.S. Large-Cap ETFInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Jan 26, 2022310$2.10BSchwab U.S. Large-Cap ETFInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 20, 2021295$1.85BSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFInvesco QQQ Trust Series Ivs. Q2 2021SEC
Q2 2021Aug 16, 2021271$1.68BSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFInvesco QQQ Trust Series Ivs. Q1 2021SEC
Q1 2021May 6, 2021260$1.41BSchwab U.S. Large-Cap ETFiShares Core U.S. Aggregate Bond ETFInvesco QQQ Trust Series I–SEC