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Livermore
Livermore
ZHEN

Emerson Wealth Management, LLC

SEC CIK
0001766671
Latest filing
Aug 3, 2022

The latest 13F from Emerson Wealth Management, LLC covers Q2 2022 (filed Aug 3, 2022): 59 long positions worth $152.7M. The top 10 holdings make up 95.5% of the portfolio, and the largest is iShares Tr at 46.9%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2022

Share counts compared with Q1 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.

Full comparison
New
4
Est. +$311.0K
Added
20
Est. +$2.99M
Reduced
5
Est. −$829.7K
Sold out
2
Est. −$49.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464287622
    46.9%$71.7M
  2. Vanguard Morningstar Small-Cap ETF922908751
    12.6%$19.2M
  3. iShares Russell 2000 ETF464287655
    10.5%$16.1M
  4. Vanguard Morningstar Large-Cap ETF922908637
    9.7%$14.8M
  5. iShares Core S&P 500 ETF464287200
    4.6%$7.00M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$1.43MAdded
  2. iShares Core S&P Small Cap ETF464287804
    +$857.6KAdded
  3. iShares Core S&P US Value ETF464287663
    +$267.0KNew
  4. Vanguard Morningstar Small-Cap ETF922908751
    +$213.1KAdded
  5. Vanguard Morningstar Large-Cap ETF922908637
    +$178.4KAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +0.89 pp3.7% → 4.6%
  2. iShares Core S&P Small Cap ETF464287804
    +0.58 pp1.5% → 2.0%
  3. iShares Core S&P US Value ETF464287663
    +0.17 pp0.0% → 0.2%
  4. iShares Core U.S. Aggregate Bond ETF464287226
    +0.16 pp1.1% → 1.2%
  5. BRK.BBerkshire Hathaway Inc
    +0.04 pp<0.1% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287622
    −$547.8KReduced
  2. iShares Russell 2000 ETF464287655
    −$183.3KReduced
  3. Vanguard Ftse Emerging Markets ETF922042858
    −$73.3KReduced
  4. NVDANVIDIA Corp
    −$27.0KSold outHistory
  5. FISFidelity National Information Services, Inc.
    −$22.0KSold outHistory

Largest weight decreases

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

  1. iShares Tr464287622
    −1.28 pp48.2% → 46.9%
  2. iShares Russell 2000 ETF464287655
    −0.45 pp11.0% → 10.5%
  3. SPYSPDR S&P 500 ETF Trust
    −0.04 pp2.7% → 2.7%History
  4. Vanguard Ftse Emerging Markets ETF922042858
    −0.04 pp0.1% → <0.1%
  5. NVDANVIDIA Corp
    −0.01 pp<0.1% → 0.0%History

Metrics

13F metrics for Q2 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$152.7M
−$27.9M (−15.5%) vs. prior quarter
Positions
59
+2 vs. prior quarter
Top 10 concentration
95.5%
Top 10 as share of value
Turnover
0.5%
Q2 2022, one quarter
Average holding period
6.0 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

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

Peak $191.9M (Q4 2021)

Q1 2021: $168.2MQ2 2021: $181.5MQ3 2021: $179.4MQ4 2021: $191.9MQ1 2022: $180.7MQ2 2022: $152.7M
Q1 2021Q2 2022
13F filings of Emerson Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2022Aug 3, 202259$152.7MiShares TrVanguard Morningstar Small-Cap ETFiShares Russell 2000 ETFvs. Q1 2022SEC
Q1 2022Apr 25, 202257$180.7MiShares TrVanguard Morningstar Small-Cap ETFiShares Russell 2000 ETFvs. Q4 2021SEC
Q4 2021Feb 9, 202253$191.9MiShares TrVanguard Morningstar Small-Cap ETFiShares Russell 2000 ETFvs. Q3 2021SEC
Q3 2021Nov 10, 2021Amended39$179.4MiShares TrVanguard Morningstar Small-Cap ETFiShares Russell 2000 ETFvs. Q2 2021SEC
Q2 2021Aug 4, 202142$181.5MiShares TrVanguard Morningstar Small-Cap ETFiShares Russell 2000 ETFvs. Q1 2021SEC
Q1 2021Apr 22, 202138$168.2MiShares TrVanguard Morningstar Small-Cap ETFiShares Russell 2000 ETF–SEC