PRW Wealth Management LLC
- SEC CIK
- 0001760472
- Latest filing
- Nov 1, 2023
The latest 13F from PRW Wealth Management LLC covers Q3 2023 (filed Nov 1, 2023): 106 long positions worth $262.3M. The top 10 holdings make up 59.0% of the portfolio, and the largest is iShares Core S&P 500 ETF at 17.2%. Livermore has 11 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2023
Share counts compared with Q2 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.
- New
- 40
- Est. +$171.2M
- Added
- 10
- Est. +$4.74M
- Reduced
- 22
- Est. −$225.1M
- Sold out
- 12
- Est. −$40.5M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF46428720017.2%$45.1M
- Vanguard Morningstar Growth ETF9229087369.1%$23.9M
- iShares MSCI Eafe ETF4642874655.9%$15.4M
- Invesco QQQ Trust Series I46090E1035.1%$13.4M
- Vanguard Morningstar Value ETF9229087444.6%$12.1M
Biggest buys
New and added positions, by estimated amount bought
- iShares Core S&P 500 ETF464287200+$45.1MNew
- Vanguard Morningstar Growth ETF922908736+$23.9MNew
- iShares MSCI Eafe ETF464287465+$15.4MNew
- Vanguard Morningstar Value ETF922908744+$12.1MNew
- iShares Core U.S. Aggregate Bond ETF464287226+$9.84MNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Core S&P 500 ETF464287200+17.21 pp0.0% → 17.2%
- Vanguard Morningstar Growth ETF922908736+9.11 pp0.0% → 9.1%
- iShares MSCI Eafe ETF464287465+5.88 pp0.0% → 5.9%
- Vanguard Morningstar Value ETF922908744+4.60 pp0.0% → 4.6%
- iShares Core U.S. Aggregate Bond ETF464287226+3.75 pp0.0% → 3.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Russell 2000 Growth ETF464287648−$107.7MReduced
- Vanguard S&P 500 ETF922908363−$89.8MReduced
- First Tr Exchng Traded FD VI33740F664−$18.9MReduced
- Vanguard Ftse Emerging Markets ETF922042858−$14.0MSold out
- State Street SPDR S&P 600 Small Cap Value ETF78464A300−$13.2MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Russell 2000 Growth ETF464287648−29.62 pp29.7% → 0.1%
- Vanguard S&P 500 ETF922908363−17.48 pp17.6% → 0.1%
- Vanguard Ftse Emerging Markets ETF922042858−4.80 pp4.8% → 0.0%
- State Street SPDR S&P 600 Small Cap Value ETF78464A300−4.52 pp4.5% → 0.0%
- First Tr Exchng Traded FD VI33740F664−4.32 pp4.9% → 0.5%
Metrics
13F metrics for Q3 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $262.3M
- −$28.9M (−9.9%) vs. prior quarter
- Positions
- 106
- +28 vs. prior quarter
- Top 10 concentration
- 59.0%
- Top 10 as share of value
- Turnover
- 63.6%
- Q3 2023, one quarter
- Average holding period
- 3.4 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
11 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $340.3M (Q2 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2023 | Nov 1, 2023 | 106 | $262.3M | iShares Core S&P 500 ETFVanguard Morningstar Growth ETFiShares MSCI Eafe ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 1, 2023 | 78 | $291.2M | iShares Russell 2000 Growth ETFVanguard S&P 500 ETFInvesco QQQ Trust Series I | vs. Q1 2023 | SEC |
| Q1 2023 | May 2, 2023 | 113 | $255.7M | iShares Core S&P 500 ETFFirst Tr Exchng Traded FD VISPDR Series Trust | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 3, 2023 | 68 | $232.5M | iShares TrVanguard Morningstar Large-Cap ETFFirst Tr Exchng Traded FD VI | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 26, 2022 | 96 | $209.8M | iShares Core S&P 500 ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundJPMorgan Ultra-Short Income ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 26, 2022 | 96 | $170.2M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFSchwab Fundamental International Equity ETF | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 28, 2022 | 115 | $225.4M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFSchwab Fundamental International Equity ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 25, 2022 | 106 | $214.9M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFSchwab Fundamental International Equity ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 4, 2021 | 94 | $199.7M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFSchwab Fundamental International Equity ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 3, 2021 | 257 | $340.3M | AAPLMSFTV | vs. Q1 2021 | SEC |
| Q1 2021 | May 10, 2021 | 92 | $204.0M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFARK Innovation ETF | – | SEC |