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Livermore
Livermore
ZHEN

Caliber Wealth Management, LLC

SEC CIK
0001800453
Latest filing
Apr 25, 2024

The latest 13F from Caliber Wealth Management, LLC covers Q1 2024 (filed Apr 25, 2024): 58 long positions worth $188.0M. The top 10 holdings make up 45.1% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 14.3%. Livermore has 13 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2024

Share counts compared with Q4 2023: 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
4
Est. +$6.64M
Added
33
Est. +$4.85M
Reduced
21
Est. −$2.44M
Sold out
1
Est. −$888.2K

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    14.3%$26.9MHistory
  2. iShares MSCI USA Quality Factor ETF46432F339
    8.1%$15.3M
  3. Vanguard Morningstar Mid-Cap ETF922908629
    3.6%$6.71M
  4. Vanguard Morningstar Small-Cap ETF922908751
    3.6%$6.68M
  5. Vanguard Information Technology ETF92204A702
    3.4%$6.41M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288646
    +$2.62MNew
  2. iShares Tr46435G474
    +$2.25MAdded
  3. Pgim ETF Tr69344A107
    +$1.91MNew
  4. Vanguard Emerging Markets Government Bond ETF921946885
    +$1.81MNew
  5. WisdomTree Tr97717X594
    +$314.8KAdded

Largest weight increases

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

  1. iShares Tr464288646
    +1.39 pp0.0% → 1.4%
  2. iShares Tr46435G474
    +1.12 pp1.0% → 2.1%
  3. Pgim ETF Tr69344A107
    +1.01 pp0.0% → 1.0%
  4. Vanguard Emerging Markets Government Bond ETF921946885
    +0.96 pp0.0% → 1.0%
  5. AXPAmerican Express Co
    +0.16 pp1.5% → 1.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$888.2KSold out
  2. Ssga Active ETF Tr78467V608
    −$448.4KReduced
  3. iShares MSCI USA Quality Factor ETF46432F339
    −$399.4KReduced
  4. Vanguard Information Technology ETF92204A702
    −$296.8KReduced
  5. SPYSPDR S&P 500 ETF Trust
    −$268.9KReducedHistory

Largest weight decreases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.52 pp0.5% → 0.0%
  2. LULUlululemon athletica inc.
    −0.51 pp1.6% → 1.1%History
  3. ZSZscaler, Inc.
    −0.47 pp2.0% → 1.6%History
  4. PANWPalo Alto Networks Inc
    −0.38 pp2.6% → 2.2%History
  5. Fidelity Merrimack STR Tr316188309
    −0.35 pp2.7% → 2.3%

Metrics

13F metrics for Q1 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$188.0M
+$17.8M (+10.5%) vs. prior quarter
Positions
58
+3 vs. prior quarter
Top 10 concentration
45.1%
Top 10 as share of value
Turnover
1.9%
Q1 2024, one quarter
Average holding period
9.6 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

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

Peak $188.0M (Q1 2024)

Q1 2021: $137.7MQ2 2021: $141.2MQ3 2021: $141.9MQ4 2021: $144.7MQ1 2022: $156.7MQ2 2022: $128.5MQ3 2022: $126.7MQ4 2022: $130.8MQ1 2023: $133.6MQ2 2023: $149.3MQ3 2023: $148.7MQ4 2023: $170.2MQ1 2024: $188.0M
Q1 2021Q1 2024
13F filings of Caliber Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024Apr 25, 202458$188.0MSPYiShares MSCI USA Quality Factor ETFVanguard Morningstar Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Apr 23, 202455$170.2MSPYiShares MSCI USA Quality Factor ETFVanguard Information Technology ETFvs. Q3 2023SEC
Q3 2023Oct 16, 202356$148.7MSPYiShares MSCI USA Quality Factor ETFVanguard Information Technology ETFvs. Q2 2023SEC
Q2 2023Jul 27, 202355$149.3MSPYiShares MSCI USA Quality Factor ETFVanguard Morningstar Small-Cap ETFvs. Q1 2023SEC
Q1 2023Apr 10, 202360$133.6MInvesco Exchange Traded FD TPacer US Cash Cows 100 ETFiShares MSCI USA Quality Factor ETFvs. Q4 2022SEC
Q4 2022Jan 24, 202385$130.8MSPYPacer US Cash Cows 100 ETFFirst Tr Exchng Traded FD VIvs. Q3 2022SEC
Q3 2022Oct 17, 202265$126.7MSPYPacer US Cash Cows 100 ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 12, 202264$128.5MSPYNKLAPacer US Cash Cows 100 ETFvs. Q1 2022SEC
Q1 2022Apr 14, 202261$156.7MSPYNKLAPacer US Cash Cows 100 ETFvs. Q4 2021SEC
Q4 2021Jan 20, 202266$144.7MSPYNKLAVanguard Morningstar Mid-Cap ETFvs. Q3 2021SEC
Q3 2021Oct 25, 202170$141.9MNKLASPYiShares Trvs. Q2 2021SEC
Q2 2021Jul 22, 202173$141.2MNKLASPYiShares Trvs. Q1 2021SEC
Q1 2021Apr 26, 202172$137.7MNKLASPYFidelity Merrimack STR Tr–SEC