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Livermore
Livermore
ZHEN

Traverso Chambers Private Wealth Management, LLC

SEC CIK
0001767346
Latest filing
Jan 9, 2024

The latest 13F from Traverso Chambers Private Wealth Management, LLC covers Q4 2023 (filed Jan 9, 2024): 123 long positions worth $411.8M. The top 10 holdings make up 54.1% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 9.6%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2023

Share counts compared with Q3 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
10
Est. +$54.2M
Added
44
Est. +$7.63M
Reduced
39
Est. −$50.3M
Sold out
1
Est. −$166.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    9.6%$39.5MHistory
  2. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    7.1%$29.1M
  3. Vanguard Scottsdale FDS92206C102
    6.9%$28.3M
  4. iShares Tr464288653
    5.6%$22.9M
  5. Invesco QQQ Trust Series I46090E103
    5.1%$21.0M

Share of portfolio

Top 5 holdings and the other 118 positions, by share of portfolio value

  1. SPY9.6%
  2. State Street SPDR Portfolio Aggregate Bond ETF7.1%
  3. Vanguard Scottsdale FDS6.9%
  4. iShares Tr5.6%
  5. Invesco QQQ Trust Series I5.1%
  6. Other 118 positions65.8%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    +$29.1MNew
  2. iShares Tr464288653
    +$22.9MNew
  3. AAPLApple Inc.
    +$1.49MAddedHistory
  4. Schwab U.S. Large-Cap Value ETF808524409
    +$758.9KAdded
  5. SPYSPDR S&P 500 ETF Trust
    +$610.3KAddedHistory

Largest weight increases

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

  1. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    +7.06 pp0.0% → 7.1%
  2. iShares Tr464288653
    +5.57 pp0.0% → 5.6%
  3. AAPLApple Inc.
    +0.40 pp1.8% → 2.2%History
  4. Invesco QQQ Trust Series I46090E103
    +0.27 pp4.8% → 5.1%
  5. SPYSPDR S&P 500 ETF Trust
    +0.24 pp9.4% → 9.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −$35.1MReduced
  2. Schwab Strategic Tr808524862
    −$11.3MReduced
  3. Vanguard Scottsdale FDS92206C102
    −$1.90MReduced
  4. T Rowe Price Exchange-Traded87283Q701
    −$714.4KReduced
  5. iShares Tr464287457
    −$304.0KReduced

Largest weight decreases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −8.95 pp10.2% → 1.2%
  2. Schwab Strategic Tr808524862
    −3.40 pp8.1% → 4.7%
  3. Vanguard Scottsdale FDS92206C102
    −1.10 pp8.0% → 6.9%
  4. PGProcter & Gamble Co
    −0.24 pp2.0% → 1.8%History
  5. T Rowe Price Exchange-Traded87283Q701
    −0.24 pp0.7% → 0.5%

Metrics

13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$411.8M
+$37.8M (+10.1%) vs. prior quarter
Positions
123
+9 vs. prior quarter
Top 10 concentration
54.1%
Top 10 as share of value
Turnover
12.9%
Q4 2023, one quarter
Average holding period
10.0 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

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

Peak $411.8M (Q4 2023)

Q1 2021: $296.5MQ2 2021: $317.5MQ3 2021: $321.2MQ4 2021: $337.1MQ1 2022: $335.4MQ2 2022: $299.1MQ3 2022: $326.4MQ4 2022: $347.9MQ1 2023: $364.8MQ2 2023: $380.8MQ3 2023: $373.9MQ4 2023: $411.8M
Q1 2021Q4 2023
13F filings of Traverso Chambers Private Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Jan 9, 2024123$411.8MSPYState Street SPDR Portfolio Aggregate Bond ETFVanguard Scottsdale FDSvs. Q3 2023SEC
Q3 2023Oct 26, 2023114$373.9MiShares Core U.S. Aggregate Bond ETFSPYSchwab Strategic Trvs. Q2 2023SEC
Q2 2023Jul 14, 2023116$380.8MSPYSchwab Strategic TrVanguard Scottsdale FDSvs. Q1 2023SEC
Q1 2023Apr 13, 2023114$364.8MSPYSchwab Strategic TrVanguard Scottsdale FDSvs. Q4 2022SEC
Q4 2022Jan 30, 2023108$347.9MSPYVanguard Scottsdale FDSSchwab Strategic Trvs. Q3 2022SEC
Q3 2022Oct 12, 2022110$326.4MSPYVanguard Scottsdale FDSSchwab Strategic Trvs. Q2 2022SEC
Q2 2022Jul 13, 2022106$299.1MSPYVanguard Scottsdale FDSSchwab Strategic Trvs. Q1 2022SEC
Q1 2022Apr 13, 2022107$335.4MSPYVanguard Scottsdale FDSSchwab Strategic Trvs. Q4 2021SEC
Q4 2021Jan 19, 2022110$337.1MSPYVanguard Scottsdale FDSSchwab Strategic Trvs. Q3 2021SEC
Q3 2021Oct 8, 2021108$321.2MSPYVanguard Scottsdale FDSSchwab Strategic Trvs. Q2 2021SEC
Q2 2021Aug 12, 2021107$317.5MSPYVanguard Scottsdale FDSSchwab Strategic Trvs. Q1 2021SEC
Q1 2021Apr 15, 2021107$296.5MSPYVanguard Scottsdale FDSSchwab Strategic Tr–SEC