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Livermore
Livermore
ZHEN

Pacific Edge Advisors, LLC

SEC CIK
0001768887
Latest filing
Oct 13, 2021

The latest 13F from Pacific Edge Advisors, LLC covers Q3 2021 (filed Oct 13, 2021): 39 long positions worth $205.6M. The top 10 holdings make up 77.7% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 34.4%. Livermore has 3 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2021

Share counts compared with Q2 2021: 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
1
Est. +$5.00M
Added
14
Est. +$11.7M
Reduced
12
Est. −$1.50M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    34.4%$70.8M
  2. Schwab U.S. Small-Cap ETF808524607
    7.4%$15.2M
  3. Schwab International Equity ETF808524805
    6.4%$13.1M
  4. Schwab U.S. Mid-Cap ETF808524508
    5.9%$12.1M
  5. Ssga Active ETF Tr78467V608
    5.3%$10.9M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46434V878
    +$5.04MAdded
  2. iShares Tr46436E718
    +$5.00MNew
  3. SPDR Series Trust78468R739
    +$1.24MAdded
  4. Schwab U.S. Large-Cap ETF808524201
    +$1.12MAdded
  5. Schwab U.S. Small-Cap ETF808524607
    +$920.9KAdded

Largest weight increases

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

  1. iShares Tr46434V878
    +2.44 pp0.2% → 2.6%
  2. iShares Tr46436E718
    +2.43 pp0.0% → 2.4%
  3. SPDR Series Trust78468R739
    +0.32 pp4.2% → 4.5%
  4. SPDR Series Trust78468R721
    +0.29 pp1.6% → 1.9%
  5. iShares Inc46434G764
    +0.15 pp0.3% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab Strategic Tr808524862
    −$332.8KReduced
  2. BXMTBlackstone Mortgage Trust, Inc.
    −$290.6KReducedHistory
  3. iShares Core S&P 500 ETF464287200
    −$258.5KReduced
  4. iShares Tr464288646
    −$161.2KReduced
  5. Schwab US Dividend Equity ETF808524797
    −$150.0KReduced

Largest weight decreases

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

  1. BXMTBlackstone Mortgage Trust, Inc.
    −0.49 pp3.1% → 2.7%History
  2. iShares Core S&P 500 ETF464287200
    −0.47 pp5.5% → 5.1%
  3. iShares Core S&P Mid-Cap ETF464287507
    −0.24 pp2.5% → 2.3%
  4. Schwab Strategic Tr808524862
    −0.22 pp0.8% → 0.6%
  5. Schwab US Dividend Equity ETF808524797
    −0.20 pp1.6% → 1.4%

Metrics

13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.

Portfolio value
$205.6M
+$13.2M (+6.9%) vs. prior quarter
Positions
39
+1 vs. prior quarter
Top 10 concentration
77.7%
Top 10 as share of value
Turnover
0.8%
Q3 2021, one quarter
Average holding period
2.9 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

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

Peak $207.7M (Q1 2021)

Q1 2021: $207.7MQ2 2021: $192.3MQ3 2021: $205.6M
Q1 2021Q3 2021
13F filings of Pacific Edge Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2021Oct 13, 202139$205.6MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q2 2021SEC
Q2 2021Jul 9, 202138$192.3MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFSchwab International Equity ETFvs. Q1 2021SEC
Q1 2021May 17, 202136$207.7MSchwab U.S. Large-Cap ETFBXMTSchwab U.S. Small-Cap ETF–SEC