Baldrige Asset Management LLC
- SEC CIK
- 0001761742
- Latest filing
- Apr 17, 2023
The latest 13F from Baldrige Asset Management LLC covers Q1 2023 (filed Apr 17, 2023): 466 long positions worth $243.8M. The top 10 holdings make up 44.2% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 7.7%. Livermore has 9 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q1 2023
Share counts compared with Q4 2022: 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
- 147
- Est. +$1.91M
- Added
- 113
- Est. +$8.39M
- Reduced
- 43
- Est. −$2.86M
- Sold out
- 4
- Est. −$318.0K
Top 5 holdings
Share of this quarter's portfolio value
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Scottsdale FDS92206C409+$1.95MAdded
- iShares Tr46434V266+$1.32MNew
- iShares Core U.S. Aggregate Bond ETF464287226+$890.2KAdded
- Dimensional ETF Trust25434V849+$416.8KAdded
- Dimensional ETF Trust25434V674+$396.7KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Tr46434V266+0.54 pp0.0% → 0.5%
- Vanguard Scottsdale FDS92206C409+0.34 pp6.9% → 7.3%
- iShares Core U.S. Aggregate Bond ETF464287226+0.19 pp3.3% → 3.5%
- Dimensional ETF Trust25434V674+0.16 pp0.1% → 0.2%
- Dimensional ETF Trust25434V849+0.14 pp0.4% → 0.6%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- APDAir Products & Chemicals, Inc.
- Vanguard Morningstar Value ETF922908744−0.13 pp1.4% → 1.3%
- iShares Tr464288646−0.12 pp0.2% → 0.1%
- iShares Tr464288687−0.08 pp0.6% → 0.6%
- Vanguard BD Index FDS92203C303−0.08 pp0.5% → 0.4%
Metrics
13F metrics for Q1 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $243.8M
- +$19.1M (+8.5%) vs. prior quarter
- Positions
- 466
- +143 vs. prior quarter
- Top 10 concentration
- 44.2%
- Top 10 as share of value
- Turnover
- 1.4%
- Q1 2023, one quarter
- Average holding period
- 8.5 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
9 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $256.7M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q1 2023 | Apr 17, 2023 | 466 | $243.8M | Dimensional U.S. Core Equity 2 ETFVanguard Scottsdale FDSMSCI | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 13, 2023 | 323 | $224.7M | Dimensional U.S. Core Equity 2 ETFVanguard Scottsdale FDSMSCI | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 13, 2022 | 307 | $210.1M | Vanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFMSCI | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 12, 2022 | 315 | $218.3M | Vanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFMSCI | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 26, 2022 | 319 | $244.6M | Dimensional U.S. Core Equity 2 ETFVanguard Scottsdale FDSMSCI | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 27, 2022 | 335 | $256.7M | Dimensional U.S. Core Equity 2 ETFVanguard Scottsdale FDSMSCI | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 22, 2021 | 359 | $240.1M | Dimensional U.S. Core Equity 2 ETFMSCIVanguard Scottsdale FDS | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 3, 2021 | 355 | $230.8M | Dimensional U.S. Core Equity 2 ETFVanguard Scottsdale FDSMSCI | vs. Q1 2021 | SEC |
| Q1 2021 | Apr 14, 2021 | 85 | $182.9M | Vanguard Scottsdale FDSVanguard Morningstar Small-Cap Value ETFMSCI | – | SEC |