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Livermore
Livermore
ZHEN

Marcum Wealth, LLC

SEC CIK
0001784450
Latest filing
Apr 2, 2025

The latest 13F from Marcum Wealth, LLC covers Q1 2025 (filed Apr 2, 2025): 405 long positions worth $1.16B. The top 10 holdings make up 56.8% of the portfolio, and the largest is iShares Core S&P 500 ETF at 16.8%. Livermore has 17 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2025

Share counts compared with Q4 2024: 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
29
Est. +$75.5M
Added
151
Est. +$28.5M
Reduced
180
Est. −$64.9M
Sold out
31
Est. −$6.32M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    16.8%$194.1M
  2. Schwab U.S. Large-Cap ETF808524201
    6.9%$79.9M
  3. Vanguard Ftse Developed Markets ETF921943858
    5.6%$64.9M
  4. Janus Detroit STR Tr47103U845
    5.4%$62.5M
  5. Schwab U.S. Small-Cap ETF808524607
    4.2%$48.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Janus Detroit STR Tr47103U845
    +$62.5MNew
  2. Innovator ETFs Trust45782C409
    +$5.74MAdded
  3. iShares Core S&P 500 ETF464287200
    +$5.70MAdded
  4. Schwab U.S. Broad Market ETF808524102
    +$4.90MNew
  5. iShares Core S&P Small Cap ETF464287804
    +$3.12MAdded

Largest weight increases

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

  1. Janus Detroit STR Tr47103U845
    +5.40 pp0.0% → 5.4%
  2. Innovator ETFs Trust45782C409
    +0.49 pp0.1% → 0.6%
  3. Schwab U.S. Broad Market ETF808524102
    +0.42 pp0.0% → 0.4%
  4. PGRProgressive Corp
    +0.33 pp1.0% → 1.3%History
  5. RBB Fund Trust75526L886
    +0.17 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VanEck ETF Trust92189F460
    −$20.0MReduced
  2. Vanguard Ftse Emerging Markets ETF922042858
    −$10.2MReduced
  3. Vanguard Long-Term Treasury ETF92206C847
    −$9.56MReduced
  4. Innovator ETFs Trust45782C789
    −$5.70MReduced
  5. Schwab U.S. Large-Cap ETF808524201
    −$2.32MReduced

Largest weight decreases

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

  1. VanEck ETF Trust92189F460
    −1.72 pp1.8% → <0.1%
  2. Vanguard Long-Term Treasury ETF92206C847
    −0.80 pp0.8% → <0.1%
  3. Vanguard Ftse Emerging Markets ETF922042858
    −0.78 pp4.2% → 3.5%
  4. Schwab U.S. Large-Cap ETF808524201
    −0.58 pp7.5% → 6.9%
  5. Innovator ETFs Trust45782C789
    −0.51 pp0.6% → 0.1%

Metrics

13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.16B
+$3.19M (+0.3%) vs. prior quarter
Positions
405
−2 vs. prior quarter
Top 10 concentration
56.8%
Top 10 as share of value
Turnover
6.2%
Q1 2025, one quarter
Average holding period
15.1 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

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

Peak $1.16B (Q1 2025)

Q1 2021: $607.2MQ2 2021: $616.1MQ3 2021: $636.4MQ4 2021: $719.1MQ1 2022: $724.6MQ2 2022: $668.1MQ3 2022: $659.3MQ4 2022: $754.2MQ1 2023: $801.4MQ2 2023: $852.0MQ3 2023: $831.9MQ4 2023: $939.7MQ1 2024: $986.2MQ2 2024: $997.5MQ3 2024: $1.08BQ4 2024: $1.15BQ1 2025: $1.16B
Q1 2021Q1 2025
13F filings of Marcum Wealth, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025Apr 2, 2025405$1.16BiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Jan 13, 2025407$1.15BiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Oct 8, 2024415$1.08BiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Jul 2, 2024387$997.5MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q1 2024SEC
Q1 2024Apr 10, 2024397$986.2MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Jan 10, 2024384$939.7MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2023SEC
Q3 2023Oct 10, 2023376$831.9MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q2 2023SEC
Q2 2023Jul 13, 2023387$852.0MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFvs. Q1 2023SEC
Q1 2023Apr 19, 2023401$801.4MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFvs. Q4 2022SEC
Q4 2022Jan 12, 2023381$754.2MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2022SEC
Q3 2022Oct 11, 2022379$659.3MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 14, 2022380$668.1MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFvs. Q1 2022SEC
Q1 2022Apr 20, 2022376$724.6MSchwab U.S. Large-Cap ETFiShares Core S&P 500 ETFSchwab U.S. Small-Cap ETFvs. Q4 2021SEC
Q4 2021Feb 1, 2022389$719.1MSchwab U.S. Large-Cap ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2021SEC
Q3 2021Nov 8, 2021370$636.4MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q2 2021SEC
Q2 2021Aug 10, 2021341$616.1MiShares Core S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q1 2021SEC
Q1 2021May 11, 2021341$607.2MiShares Core S&P 500 ETFAAPLSchwab U.S. Large-Cap ETF–SEC