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Livermore
Livermore
ZHEN

Reitz Capital Advisors LLC

SEC CIK
0001757260
Latest filing
Apr 22, 2024

The latest 13F from Reitz Capital Advisors LLC covers Q1 2024 (filed Apr 22, 2024): 22 long positions worth $55.6M. The top 10 holdings make up 90.1% of the portfolio, and the largest is Schwab US Dividend Equity ETF at 24.5%. Livermore has 13 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2024

Share counts compared with Q4 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
2
Est. +$2.25M
Added
0
Reduced
0
Sold out
4
Est. −$2.77M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab US Dividend Equity ETF808524797
    24.5%$13.6M
  2. JPMorgan Nasdaq Equity Premium Income ETF46654Q203
    21.4%$11.9M
  3. Vanguard Total Bond Market ETF921937835
    11.7%$6.51M
  4. Schwab U.S. Large-Cap Growth ETF808524300
    8.6%$4.77M
  5. J P Morgan Exchange Traded F46641Q332
    7.7%$4.30M

Biggest buys

New and added positions, by estimated amount bought

  1. Pacer US Small Cap Cash Cows ETF69374H857
    +$1.40MNew
  2. JPMorgan Ultra-Short Income ETF46641Q837
    +$846.0KNew

Largest weight increases

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

  1. Pacer US Small Cap Cash Cows ETF69374H857
    +2.52 pp0.0% → 2.5%
  2. JPMorgan Ultra-Short Income ETF46641Q837
    +1.52 pp0.0% → 1.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BBNBlackRock Taxable Municipal Bond Trust
    −$1.47MSold outHistory
  2. State Street SPDR Portfolio S&P 500 High Dividend ETF78468R788
    −$802.9KSold out
  3. BTIBritish American Tobacco p.l.c.
    −$317.8KSold outHistory
  4. KMIKinder Morgan, Inc.
    −$184.6KSold outHistory

Largest weight decreases

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

  1. BBNBlackRock Taxable Municipal Bond Trust
    −2.62 pp2.6% → 0.0%History
  2. State Street SPDR Portfolio S&P 500 High Dividend ETF78468R788
    −1.43 pp1.4% → 0.0%
  3. BTIBritish American Tobacco p.l.c.
    −0.57 pp0.6% → 0.0%History
  4. KMIKinder Morgan, Inc.
    −0.33 pp0.3% → 0.0%History

Metrics

13F metrics for Q1 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$55.6M
−$525.7K (−0.9%) vs. prior quarter
Positions
22
−2 vs. prior quarter
Top 10 concentration
90.1%
Top 10 as share of value
Turnover
4.0%
Q1 2024, one quarter
Average holding period
9.5 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

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

Peak $141.7M (Q2 2021)

Q1 2021: $135.4MQ2 2021: $141.7MQ3 2021: $133.6MQ4 2021: $141.7MQ1 2022: $137.8MQ2 2022: $111.7MQ3 2022: $109.0MQ4 2022: $105.0MQ1 2023: $108.4MQ2 2023: $109.4MQ3 2023: $52.4MQ4 2023: $56.1MQ1 2024: $55.6M
Q1 2021Q1 2024
13F filings of Reitz Capital Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024Apr 22, 202422$55.6MSchwab US Dividend Equity ETFJPMorgan Nasdaq Equity Premium Income ETFVanguard Total Bond Market ETFvs. Q4 2023SEC
Q4 2023Jan 17, 202424$56.1MSchwab US Dividend Equity ETFJPMorgan Nasdaq Equity Premium Income ETFVanguard Total Bond Market ETFvs. Q3 2023SEC
Q3 2023Oct 16, 202349$52.4MSchwab US Dividend Equity ETFJ P Morgan Exchange Traded FVanguard Total Bond Market ETFvs. Q2 2023SEC
Q2 2023Jul 17, 202347$109.4MSchwab US Tips ETFJPMorgan Nasdaq Equity Premium Income ETFJ P Morgan Exchange Traded Fvs. Q1 2023SEC
Q1 2023Apr 26, 202352$108.4MSchwab US Dividend Equity ETFJPMorgan Ultra-Short Income ETFJ P Morgan Exchange Traded Fvs. Q4 2022SEC
Q4 2022Jan 18, 202349$105.0MSchwab US Dividend Equity ETFJPMorgan Ultra-Short Income ETFJ P Morgan Exchange Traded Fvs. Q3 2022SEC
Q3 2022Oct 27, 202247$109.0MSchwab US Dividend Equity ETFJPMorgan Ultra-Short Income ETFSchwab US Tips ETFvs. Q2 2022SEC
Q2 2022Jul 20, 202253$111.7MSchwab US Dividend Equity ETFJPMorgan Ultra-Short Income ETFSchwab US Tips ETFvs. Q1 2022SEC
Q1 2022Apr 14, 202278$137.8MSchwab US Dividend Equity ETFJPMorgan Ultra-Short Income ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2021SEC
Q4 2021Jan 20, 202249$141.7MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFJPMorgan Ultra-Short Income ETFvs. Q3 2021SEC
Q3 2021Oct 18, 202147$133.6MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFJPMorgan Ultra-Short Income ETFvs. Q2 2021SEC
Q2 2021Jul 15, 202149$141.7MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFJPMorgan Ultra-Short Income ETFvs. Q1 2021SEC
Q1 2021Apr 14, 202149$135.4MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFPIMCO ETF Tr–SEC