LPF Advisors LLC
- SEC CIK
- 0001799556
- Latest filing
- Apr 11, 2025
The latest 13F from LPF Advisors LLC covers Q1 2025 (filed Apr 11, 2025): 34 long positions worth $122.2M. The top 10 holdings make up 90.4% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 25.0%. Livermore has 6 filings on Form 13F from this institution, going back to Q4 2023.
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.
- New
- 3
- Est. +$628.5K
- Added
- 14
- Est. +$6.13M
- Reduced
- 8
- Est. −$1.49M
- Sold out
- 3
- Est. −$630.5K
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Total Stock Market ETF92290876925.0%$30.5M
- Vanguard Total Bond Market ETF92193783513.6%$16.6M
- Invesco QQQ Trust Series I46090E10310.7%$13.1M
- Vanguard Intermediate-Term Corporate Bond ETF92206C87010.5%$12.8M
- Fidelity Merrimack STR Tr31618830910.0%$12.3M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Morningstar Total Stock Market ETF922908769+$1.67MAdded
- Vanguard Total Bond Market ETF921937835+$944.3KAdded
- Fidelity Merrimack STR Tr316188309+$741.8KAdded
- Vanguard Intermediate-Term Corporate Bond ETF92206C870+$654.2KAdded
- Invesco QQQ Trust Series I46090E103+$641.0KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Total Bond Market ETF921937835+0.77 pp12.8% → 13.6%
- Fidelity Merrimack STR Tr316188309+0.56 pp9.5% → 10.0%
- Vanguard Intermediate-Term Corporate Bond ETF92206C870+0.50 pp10.0% → 10.5%
- Schwab International Small-Cap Equity ETF808524888+0.34 pp3.3% → 3.6%
- Vanguard Morningstar Mid-Cap Value ETF922908512+0.27 pp5.7% → 6.0%
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
Metrics
13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $122.2M
- +$2.63M (+2.2%) vs. prior quarter
- Positions
- 34
- 0 vs. prior quarter
- Top 10 concentration
- 90.4%
- Top 10 as share of value
- Turnover
- 1.8%
- Q1 2025, one quarter
- Average holding period
- 5.9 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 (Q4 2023), so positions held before then are understated.
13F filings by quarter
6 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $122.2M (Q1 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q1 2025 | Apr 11, 2025 | 34 | $122.2M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFInvesco QQQ Trust Series I | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 16, 2025 | 34 | $119.5M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFInvesco QQQ Trust Series I | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 21, 2024 | 37 | $116.9M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFInvesco QQQ Trust Series I | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 12, 2024 | 37 | $108.5M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFInvesco QQQ Trust Series I | vs. Q1 2024 | SEC |
| Q1 2024 | May 7, 2024 | 29 | $99.8M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFInvesco QQQ Trust Series I | vs. Q4 2023 | SEC |
| Q4 2023 | May 6, 2024 | 29 | $94.1M | Vanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFVanguard Intermediate-Term Corporate Bond ETF | – | SEC |