BT Wealth Management LLC
- SEC CIK
- 0001767863
- Latest filing
- Jul 26, 2022
The latest 13F from BT Wealth Management LLC covers Q2 2022 (filed Jul 26, 2022): 65 long positions worth $356.4M. The top 10 holdings make up 87.0% of the portfolio, and the largest is iShares Tr at 21.1%. 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.
- New
- 9
- Est. +$32.1M
- Added
- 15
- Est. +$8.20M
- Reduced
- 23
- Est. −$5.46M
- Sold out
- 12
- Est. −$5.30M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Tr46428762221.1%$75.3M
- iShares Core S&P 500 ETF46428720014.2%$50.6M
- Vanguard Dividend Appreciation ETF92190884412.5%$44.6M
- Invesco Exchange Traded FD T46137V35712.2%$43.4M
- iShares Russell 1000 Growth ETF4642876147.7%$27.5M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Scottsdale FDS92206C102+$18.2MNew
- iShares Tr46434V878+$10.0MNew
- Invesco QQQ Trust Series I46090E103+$3.62MAdded
- iShares Core S&P 500 ETF464287200+$2.16MAdded
- iShares Core High Dividend ETF46429B663+$1.48MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Scottsdale FDS92206C102+5.11 pp0.0% → 5.1%
- iShares Tr46434V878+2.82 pp0.0% → 2.8%
- Invesco QQQ Trust Series I46090E103+0.99 pp0.2% → 1.1%
- iShares Core High Dividend ETF46429B663+0.49 pp5.5% → 6.0%
- iShares S&P Small-Cap 600 Value ETF464287879+0.25 pp0.0% → 0.3%
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
- iShares Russell 1000 Growth ETF464287614−1.97 pp9.7% → 7.7%
- Vanguard Dividend Appreciation ETF921908844−0.64 pp13.1% → 12.5%
- iShares Core S&P Small Cap ETF464287804−0.58 pp0.6% → 0.0%
- iShares Tr46436E536−0.40 pp4.0% → 3.6%
- AAPLApple Inc.
Metrics
13F metrics for Q2 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $356.4M
- −$27.9M (−7.3%) vs. prior quarter
- Positions
- 65
- −3 vs. prior quarter
- Top 10 concentration
- 87.0%
- Top 10 as share of value
- Turnover
- 2.9%
- Q2 2022, one quarter
- Average holding period
- 5.5 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
6 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $384.3M (Q1 2022)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2022 | Jul 26, 2022Amended | 65 | $356.4M | iShares TriShares Core S&P 500 ETFVanguard Dividend Appreciation ETF | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 21, 2022 | 68 | $384.3M | iShares TriShares Core S&P 500 ETFVanguard Dividend Appreciation ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 11, 2022 | 70 | $370.0M | iShares TriShares Core S&P 500 ETFVanguard Dividend Appreciation ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 1, 2021 | 55 | $322.0M | iShares TriShares Core S&P 500 ETFVanguard Dividend Appreciation ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 28, 2021 | 59 | $329.9M | iShares TrVanguard Dividend Appreciation ETFiShares Core S&P 500 ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 6, 2021 | 62 | $300.6M | iShares TrVanguard Dividend Appreciation ETFiShares Core S&P 500 ETF | – | SEC |