Wealth CMT
- SEC CIK
- 0001802660
- Latest filing
- Jul 12, 2023
The latest 13F from Wealth CMT covers Q2 2023 (filed Jul 12, 2023): 10 long positions worth $66.2M. The top 10 holdings make up 100.0% of the portfolio, and the largest is SPDR Index Shs FDS at 44.8%. Livermore has 10 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q2 2023
Share counts compared with Q1 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.
- New
- 3
- Est. +$36.3M
- Added
- 1
- Est. +$1.30M
- Reduced
- 6
- Est. −$805.3K
- Sold out
- 21
- Est. −$61.3M
Top 5 holdings
Share of this quarter's portfolio value
- SPDR Index Shs FDS78463X84844.8%$29.6M
- iShares MSCI USA Min Vol Factor ETF46429B69722.2%$14.7M
- Vanguard Scottsdale FDS92206C73010.2%$6.76M
- iShares Core MSCI Total International Stock ETF46432F8347.0%$4.61M
- SPDR Series Trust78468R7215.3%$3.52M
Share of portfolio
Top 5 holdings and the other 5 positions, by share of portfolio value
- SPDR Index Shs FDS44.8%
- iShares MSCI USA Min Vol Factor ETF22.2%
- Vanguard Scottsdale FDS10.2%
- iShares Core MSCI Total International Stock ETF7.0%
- SPDR Series Trust5.3%
- Other 5 positions10.5%
Biggest buys
New and added positions, by estimated amount bought
- SPDR Index Shs FDS78463X848+$29.6MNew
- iShares Core MSCI Total International Stock ETF46432F834+$4.61MNew
- PIMCO ETF Tr72201R874+$2.04MNew
- iShares MSCI USA Min Vol Factor ETF46429B697+$1.30MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- SPDR Index Shs FDS78463X848+44.77 pp0.0% → 44.8%
- iShares MSCI USA Min Vol Factor ETF46429B697+7.62 pp14.6% → 22.2%
- iShares Core MSCI Total International Stock ETF46432F834+6.96 pp0.0% → 7.0%
- PIMCO ETF Tr72201R874+3.09 pp0.0% → 3.1%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr464287689−$21.7MSold out
- Vanguard Ftse All-World Ex-US Index Fund922042775−$14.0MSold out
- iShares Tr464288414−$8.11MSold out
- Vanguard Mun BD FDS922907746−$4.80MSold out
- iShares MSCI Acwi Ex U.S. ETF464288240−$4.47MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464287689−24.17 pp24.2% → 0.0%
- Vanguard Ftse All-World Ex-US Index Fund922042775−15.55 pp15.6% → 0.0%
- iShares Tr464288414−9.03 pp9.0% → 0.0%
- Vanguard Mun BD FDS922907746−5.34 pp5.3% → 0.0%
- iShares MSCI Acwi Ex U.S. ETF464288240−4.98 pp5.0% → 0.0%
Metrics
13F metrics for Q2 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $66.2M
- −$23.7M (−26.4%) vs. prior quarter
- Positions
- 10
- −18 vs. prior quarter
- Top 10 concentration
- 100.0%
- Top 10 as share of value
- Turnover
- 48.2%
- Q2 2023, one quarter
- Average holding period
- 4.4 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
10 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $196.1M (Q1 2022)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2023 | Jul 12, 2023 | 10 | $66.2M | SPDR Index Shs FDSiShares MSCI USA Min Vol Factor ETFVanguard Scottsdale FDS | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 17, 2023 | 28 | $89.9M | iShares TrVanguard Ftse All-World Ex-US Index FundiShares MSCI USA Min Vol Factor ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 13, 2023 | 29 | $188.2M | iShares TrSPDR Index Shs FDSiShares Tr | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 19, 2022 | 28 | $166.6M | iShares TrSPDR Index Shs FDSiShares Tr | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 18, 2022 | 25 | $171.7M | iShares TrSPDR Index Shs FDSiShares Tr | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 25, 2022 | 23 | $196.1M | iShares TriShares TriShares MSCI USA Min Vol Factor ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 20, 2022 | 21 | $194.8M | iShares TriShares TriShares MSCI USA Min Vol Factor ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 25, 2021 | 4 | $38.5M | iShares MSCI USA Min Vol Factor ETFSPDR Index Shs FDSVanguard Scottsdale FDS | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 21, 2021 | 14 | $154.0M | iShares TriShares TriShares MSCI USA Min Vol Factor ETF | vs. Q1 2021 | SEC |
| Q1 2021 | Apr 26, 2021 | 19 | $169.7M | iShares TriShares TriShares MSCI USA Min Vol Factor ETF | – | SEC |