JBJ Investment Partners, LLC
- SEC CIK
- 0001776321
- Latest filing
- Feb 8, 2022
The latest 13F from JBJ Investment Partners, LLC covers Q4 2021 (filed Feb 8, 2022): 63 long positions worth $484.6M. The top 10 holdings make up 89.5% of the portfolio, and the largest is Schwab U.S. Broad Market ETF at 18.7%. Livermore has 4 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q4 2021
Share counts compared with Q3 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.
- New
- 8
- Est. +$2.59M
- Added
- 13
- Est. +$11.8M
- Reduced
- 35
- Est. −$20.7M
- Sold out
- 4
- Est. −$11.0M
Top 5 holdings
Share of this quarter's portfolio value
- Schwab U.S. Broad Market ETF80852410218.7%$90.7M
- Vanguard Dividend Appreciation ETF92190884414.6%$70.9M
- Schwab International Equity ETF80852480513.9%$67.6M
- Schwab US Aggregate Bond ETF80852483912.4%$59.9M
- Vanguard Ftse Emerging Markets ETF9220428586.7%$32.6M
Share of portfolio
Top 5 holdings and the other 58 positions, by share of portfolio value
- Schwab U.S. Broad Market ETF18.7%
- Vanguard Dividend Appreciation ETF14.6%
- Schwab International Equity ETF13.9%
- Schwab US Aggregate Bond ETF12.4%
- Vanguard Ftse Emerging Markets ETF6.7%
- Other 58 positions33.6%
Biggest buys
New and added positions, by estimated amount bought
- Schwab US Aggregate Bond ETF808524839+$3.80MAdded
- Vanguard Scottsdale FDS92206C573+$3.23MAdded
- Schwab International Equity ETF808524805+$1.51MAdded
- Vanguard Ftse Developed Markets ETF921943858+$850.6KAdded
- Vanguard Morningstar Total Stock Market ETF922908769+$705.7KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Dividend Appreciation ETF921908844+1.59 pp13.0% → 14.6%
- Schwab US Aggregate Bond ETF808524839+0.63 pp11.7% → 12.4%
- Vanguard Scottsdale FDS92206C573+0.62 pp3.9% → 4.5%
- Vanguard Morningstar Total Stock Market ETF922908769+0.57 pp5.3% → 5.9%
- Schwab International Equity ETF808524805+0.29 pp13.7% → 13.9%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Malvern FDS922020805−$8.84MSold out
- Schwab U.S. Broad Market ETF808524102−$4.14MReduced
- Schwab US Tips ETF808524870−$3.48MReduced
- Vanguard Ftse Emerging Markets ETF922042858−$2.85MReduced
- Vanguard Mun BD FDS922907746−$1.63MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Malvern FDS922020805−1.83 pp1.8% → 0.0%
- Schwab US Tips ETF808524870−0.72 pp3.3% → 2.6%
- Vanguard Ftse Emerging Markets ETF922042858−0.72 pp7.4% → 6.7%
- Vanguard Total International Bond ETF92203J407−0.40 pp5.9% → 5.5%
- Vanguard Mun BD FDS922907746−0.34 pp1.7% → 1.4%
Metrics
13F metrics for Q4 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $484.6M
- +$3.02M (+0.6%) vs. prior quarter
- Positions
- 63
- +4 vs. prior quarter
- Top 10 concentration
- 89.5%
- Top 10 as share of value
- Turnover
- 3.0%
- Q4 2021, one quarter
- Average holding period
- 4.0 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
4 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $487.0M (Q2 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2021 | Feb 8, 2022 | 63 | $484.6M | Schwab U.S. Broad Market ETFVanguard Dividend Appreciation ETFSchwab International Equity ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 21, 2021 | 59 | $481.6M | Schwab U.S. Broad Market ETFSchwab International Equity ETFVanguard Dividend Appreciation ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 20, 2021 | 62 | $487.0M | Schwab U.S. Broad Market ETFSchwab International Equity ETFVanguard Dividend Appreciation ETF | vs. Q1 2021 | SEC |
| Q1 2021 | Apr 30, 2021 | 61 | $457.2M | Schwab U.S. Broad Market ETFVanguard Dividend Appreciation ETFSchwab International Equity ETF | – | SEC |