TAP Consulting, LLC
- SEC CIK
- 0001748930
- Latest filing
- Feb 11, 2025
The latest 13F from TAP Consulting, LLC covers Q4 2024 (filed Feb 11, 2025): 153 long positions worth $489.1M. The top 10 holdings make up 37.1% of the portfolio, and the largest is iShares U S ETF Tr at 13.2%. Livermore has 16 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.
- New
- 8
- Est. +$7.53M
- Added
- 68
- Est. +$12.0M
- Reduced
- 72
- Est. −$18.2M
- Sold out
- 9
- Est. −$9.95M
Top 5 holdings
Share of this quarter's portfolio value
- iShares U S ETF Tr46431W50713.2%$64.6M
- VanEck Morningstar Wide Moat ETF92189F6434.2%$20.6M
- SPYSPDR S&P 500 ETF Trust
- Invesco QQQ Trust Series I46090E1033.1%$15.3M
- iShares Tr4642874322.7%$13.4M
Biggest buys
New and added positions, by estimated amount bought
- American Centy ETF Tr025072349+$2.01MNew
- Invesco QQQ Trust Series I46090E103+$1.64MAdded
- American Centy ETF Tr025072257+$1.55MNew
- American Centy ETF Tr025072877+$1.54MNew
- Franklin Templeton ETF Tr35473P884+$1.16MNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Invesco QQQ Trust Series I46090E103+0.56 pp2.6% → 3.1%
- American Centy ETF Tr025072349+0.41 pp0.0% → 0.4%
- American Centy ETF Tr025072257+0.32 pp0.0% → 0.3%
- American Centy ETF Tr025072877+0.32 pp0.0% → 0.3%
- Invesco Exchange Traded FD T46137V233+0.25 pp1.0% → 1.2%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares U S ETF Tr46431W507−$4.86MReduced
- ProShares Tr74349Y837−$3.31MSold out
- iShares Global Clean Energy ETF464288224−$1.67MSold out
- Vanguard Intl Equity Index F922042874−$1.47MReduced
- FPIFarmland Partners Inc.
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares U S ETF Tr46431W507−0.66 pp13.9% → 13.2%
- ProShares Tr74349Y837−0.65 pp0.7% → 0.0%
- Vanguard Intl Equity Index F922042874−0.34 pp0.5% → 0.2%
- iShares Global Clean Energy ETF464288224−0.33 pp0.3% → 0.0%
- FPIFarmland Partners Inc.
Metrics
13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $489.1M
- −$19.0M (−3.7%) vs. prior quarter
- Positions
- 153
- −1 vs. prior quarter
- Top 10 concentration
- 37.1%
- Top 10 as share of value
- Turnover
- 3.9%
- Q4 2024, one quarter
- Average holding period
- 9.9 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
16 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $508.1M (Q3 2024)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2024 | Feb 11, 2025 | 153 | $489.1M | iShares U S ETF TrVanEck Morningstar Wide Moat ETFSPY | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 9, 2024 | 154 | $508.1M | iShares U S ETF TrVanEck Morningstar Wide Moat ETFSPY | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 6, 2024 | 157 | $474.0M | iShares U S ETF TrVanEck Morningstar Wide Moat ETFInvesco QQQ Trust Series I | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 23, 2024 | 152 | $454.7M | iShares U S ETF TrVanEck Morningstar Wide Moat ETFInvesco QQQ Trust Series I | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 2, 2024 | 127 | $419.0M | iShares U S ETF TrSPYiShares Tr | vs. Q3 2023 | SEC |
| Q3 2023 | Dec 5, 2023 | 132 | $388.6M | iShares U S ETF TriShares TrSPY | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 19, 2023 | 140 | $407.5M | iShares U S ETF TriShares TrSPY | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 18, 2023 | 130 | $408.5M | iShares U S ETF TrSPYInvesco QQQ Trust Series I | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 23, 2023 | 123 | $381.6M | iShares U S ETF TrUUPSPY | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 12, 2022 | 120 | $373.5M | iShares U S ETF TriShares Trust iShares 0-1 Year Treasury Bond ETFUUP | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 26, 2022 | 117 | $360.4M | iShares Trust iShares 0-1 Year Treasury Bond ETFiShares U S ETF TrSPY | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 26, 2022 | 133 | $381.5M | Vanguard Information Technology ETFSPYiShares Tr | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 27, 2022 | 583 | $438.1M | Schwab US Aggregate Bond ETFSPYVanguard Information Technology ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 3, 2021 | 133 | $372.4M | Schwab US Aggregate Bond ETFSPYiShares Tr | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 6, 2021 | 135 | $356.2M | Schwab US Aggregate Bond ETFSPYiShares Tr | vs. Q1 2021 | SEC |
| Q1 2021 | May 12, 2021 | 125 | $322.3M | Schwab US Aggregate Bond ETFVanguard Total Bond Market ETFSPY | – | SEC |