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Livermore
Livermore
ZHEN

Alera Investment Advisors, LLC

SEC CIK
0001759485
Latest filing
Nov 14, 2024

The latest 13F from Alera Investment Advisors, LLC covers Q3 2024 (filed Nov 14, 2024): 291 long positions worth $851.4M. The top 10 holdings make up 48.0% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 10.6%. Livermore has 16 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2024

Share counts compared with Q2 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.

Full comparison
New
37
Est. +$9.58M
Added
130
Est. +$36.2M
Reduced
115
Est. −$54.7M
Sold out
24
Est. −$13.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    10.6%$90.0M
  2. iShares S&P 500 Growth ETF464287309
    6.8%$57.6M
  3. iShares Russell 1000 Growth ETF464287614
    4.9%$41.4M
  4. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    4.4%$37.6M
  5. BlackRock ETF Trust09290C103
    4.0%$33.8M

Share of portfolio

Top 5 holdings and the other 286 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF10.6%
  2. iShares S&P 500 Growth ETF6.8%
  3. iShares Russell 1000 Growth ETF4.9%
  4. State Street SPDR Portfolio S&P 500 Value ETF4.4%
  5. BlackRock ETF Trust4.0%
  6. Other 286 positions69.4%

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab US Aggregate Bond ETF808524839
    +$17.8MAdded
  2. iShares Inc46434G764
    +$3.68MAdded
  3. NVDANVIDIA Corp
    +$2.22MAddedHistory
  4. iShares Flexible Income Active ETF092528603
    +$1.40MAdded
  5. iShares Russell 2000 Growth ETF464287648
    +$1.24MAdded

Largest weight increases

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

  1. Schwab US Aggregate Bond ETF808524839
    +2.12 pp1.5% → 3.6%
  2. iShares Inc46434G764
    +0.44 pp1.6% → 2.0%
  3. NVDANVIDIA Corp
    +0.23 pp0.8% → 1.0%History
  4. iShares S&P 500 Value ETF464287408
    +0.20 pp3.4% → 3.6%
  5. AAPLApple Inc.
    +0.19 pp1.4% → 1.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    −$11.8MReduced
  2. iShares Tr46434V803
    −$6.91MSold out
  3. iShares Russell 1000 Growth ETF464287614
    −$5.88MReduced
  4. iShares Russell 1000 Value ETF464287598
    −$4.94MReduced
  5. SPDR Series Trust78464A656
    −$4.86MReduced

Largest weight decreases

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

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    −1.04 pp11.6% → 10.6%
  2. iShares Tr46434V803
    −0.83 pp0.8% → 0.0%
  3. iShares Russell 1000 Growth ETF464287614
    −0.66 pp5.5% → 4.9%
  4. SPDR Series Trust78464A656
    −0.57 pp0.6% → <0.1%
  5. iShares S&P 500 Growth ETF464287309
    −0.40 pp7.2% → 6.8%

Metrics

13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$851.4M
+$19.8M (+2.4%) vs. prior quarter
Positions
291
+13 vs. prior quarter
Top 10 concentration
48.0%
Top 10 as share of value
Turnover
5.4%
Q3 2024, one quarter
Average holding period
9.2 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

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

Peak $851.4M (Q3 2024)

Q1 2021: $303.5MQ2 2021: $332.5MQ3 2021: $338.7MQ4 2021: $365.0MQ1 2022: $437.0MQ2 2022: $357.4MQ3 2022: $353.3MQ4 2022: $423.4MQ1 2023: $434.3MQ2 2023: $464.2MQ3 2023: $607.0MQ4 2023: $764.8MQ1 2024: $739.5MQ2 2024: $831.6MQ3 2024: $851.4M
Q1 2021Q3 2024
13F filings of Alera Investment Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2024Nov 14, 2024291$851.4MState Street SPDR Portfolio S&P 500 ETFiShares S&P 500 Growth ETFiShares Russell 1000 Growth ETFvs. Q2 2024SEC
Q2 2024Aug 13, 2024278$831.6MState Street SPDR Portfolio S&P 500 ETFiShares S&P 500 Growth ETFiShares Russell 1000 Growth ETFvs. Q1 2024SEC
Q1 2024May 10, 2024169$739.5MiShares Russell 1000 Growth ETFiShares Russell 1000 Value ETFVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Jan 23, 2024167$764.8MiShares Russell 1000 Growth ETFiShares Russell 1000 Value ETFVanguard Ftse Developed Markets ETFvs. Q3 2023SEC
Q3 2023Oct 11, 2023160$607.0MiShares Russell 1000 Growth ETFiShares Russell 1000 Value ETFVanguard Ftse Developed Markets ETFvs. Q2 2023SEC
Q2 2023Jul 26, 2023172$464.2MiShares Russell 1000 Growth ETFiShares Russell 1000 Value ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2023SEC
Q1 2023May 2, 2023170$434.3MiShares Russell 1000 Value ETFiShares Russell 1000 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2022SEC
Q4 2022Feb 2, 2023176$423.4MiShares Russell 1000 Value ETFiShares Russell 1000 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2022SEC
Q3 2022Nov 9, 2022171$353.3MiShares Russell 1000 Value ETFiShares Russell 1000 Growth ETFiShares Trvs. Q2 2022SEC
Q2 2022Aug 8, 2022183$357.4MiShares Russell 1000 Value ETFiShares Russell 1000 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2022SEC
Q1 2022May 10, 2022184$437.0MiShares Russell 1000 Value ETFiShares Russell 1000 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2021SEC
Q4 2021Jan 26, 202299$365.0MiShares Russell 1000 Growth ETFiShares Russell 1000 Value ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021Amended94$338.7MiShares Russell 1000 Growth ETFiShares Russell 1000 Value ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2021SEC
Q2 2021Aug 5, 202194$332.5MiShares Russell 1000 Growth ETFiShares Russell 1000 Value ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2021SEC
Q1 2021May 12, 202188$303.5MVanguard Ftse Developed Markets ETFiShares Russell 1000 Growth ETFiShares Russell 1000 Value ETF–SEC