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Livermore
Livermore
ZHEN

Tatro Capital, LLC

SEC CIK
0001802488
Latest filing
May 13, 2022

The latest 13F from Tatro Capital, LLC covers Q1 2022 (filed May 13, 2022): 84 long positions worth $133.6M. The top 10 holdings make up 55.2% of the portfolio, and the largest is SPDR Gold Trust (GLD) at 9.5%. Livermore has 5 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2022

Share counts compared with Q4 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
10
Est. +$3.25M
Added
34
Est. +$9.18M
Reduced
34
Est. −$5.98M
Sold out
19
Est. −$5.26M

Top 5 holdings

Share of this quarter's portfolio value

  1. GLDSPDR Gold Trust
    9.5%$12.7MHistory
  2. Vanguard Information Technology ETF92204A702
    6.4%$8.55M
  3. Invesco Exch Traded FD Tr II46138E511
    6.2%$8.29M
  4. Invesco Exch TRD SLF Idx FD46138J866
    6.1%$8.12M
  5. Vanguard Financials ETF92204A405
    5.4%$7.22M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Information Technology ETF92204A702
    +$2.59MAdded
  2. Invesco QQQ Trust Series I46090E103
    +$1.77MAdded
  3. iShares Tr464287432
    +$875.4KAdded
  4. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    +$717.5KAdded
  5. METAMeta Platforms, Inc.
    +$572.4KAddedHistory

Largest weight increases

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

  1. Vanguard Information Technology ETF92204A702
    +1.69 pp4.7% → 6.4%
  2. Invesco QQQ Trust Series I46090E103
    +1.17 pp3.0% → 4.2%
  3. iShares Tr464287432
    +0.61 pp0.6% → 1.2%
  4. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    +0.51 pp0.6% → 1.1%
  5. TSLATesla, Inc.
    +0.36 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ARK Innovation ETF00214Q104
    −$1.88MReduced
  2. Vanguard Utilities ETF92204A876
    −$1.09MReduced
  3. VanEck ETF Trust92189F106
    −$675.5KReduced
  4. ROKURoku, Inc
    −$486.0KSold outHistory
  5. INTCIntel Corp
    −$484.8KReducedHistory

Largest weight decreases

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

  1. ARK Innovation ETF00214Q104
    −2.25 pp3.1% → 0.9%
  2. Vanguard Utilities ETF92204A876
    −0.73 pp1.2% → 0.5%
  3. INTCIntel Corp
    −0.36 pp0.5% → 0.2%History
  4. ROKURoku, Inc
    −0.35 pp0.3% → 0.0%History
  5. MPMP Materials Corp.
    −0.31 pp0.3% → 0.0%History

Metrics

13F metrics for Q1 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$133.6M
−$5.54M (−4.0%) vs. prior quarter
Positions
84
−9 vs. prior quarter
Top 10 concentration
55.2%
Top 10 as share of value
Turnover
8.2%
Q1 2022, one quarter
Average holding period
4.8 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

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

Peak $146.5M (Q2 2021)

Q1 2021: $129.1MQ2 2021: $146.5MQ3 2021: $127.9MQ4 2021: $139.1MQ1 2022: $133.6M
Q1 2021Q1 2022
13F filings of Tatro Capital, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2022May 13, 202284$133.6MGLDVanguard Information Technology ETFInvesco Exch Traded FD Tr IIvs. Q4 2021SEC
Q4 2021Jan 24, 202293$139.1MGLDInvesco Exch Traded FD Tr IIInvesco Exch TRD SLF Idx FDvs. Q3 2021SEC
Q3 2021Oct 22, 202184$127.9MGLDInvesco Exch Traded FD Tr IIInvesco Exch TRD SLF Idx FDvs. Q2 2021SEC
Q2 2021Aug 11, 2021105$146.5MGLDInvesco Exch Traded FD Tr IIInvesco Exch TRD SLF Idx FDvs. Q1 2021SEC
Q1 2021Apr 21, 2021100$129.1MGLDInvesco Exch Traded FD Tr IIInvesco Exch TRD SLF Idx FD–SEC