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Livermore
Livermore
ZHEN

Wade Financial Advisory, Inc

SEC CIK
0001802670
Latest filing
May 9, 2025

The latest 13F from Wade Financial Advisory, Inc covers Q1 2025 (filed May 9, 2025): 76 long positions worth $291.9M. The top 10 holdings make up 67.2% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 20.6%. 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
1
Est. +$359.4K
Added
25
Est. +$4.68M
Reduced
33
Est. −$3.22M
Sold out
5
Est. −$1.08M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    20.6%$60.1M
  2. Vanguard Morningstar Large-Cap ETF922908637
    8.6%$25.1M
  3. Vanguard Ftse Developed Markets ETF921943858
    7.3%$21.3M
  4. iShares MSCI USA Quality Factor ETF46432F339
    6.6%$19.3M
  5. Vanguard Scottsdale FDS92206C706
    5.8%$16.8M

Share of portfolio

Top 5 holdings and the other 71 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF20.6%
  2. Vanguard Morningstar Large-Cap ETF8.6%
  3. Vanguard Ftse Developed Markets ETF7.3%
  4. iShares MSCI USA Quality Factor ETF6.6%
  5. Vanguard Scottsdale FDS5.8%
  6. Other 71 positions51.2%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46434V282
    +$1.05MAdded
  2. iShares Tr464287150
    +$881.4KAdded
  3. iShares Tr46434V274
    +$847.8KAdded
  4. Vanguard Ftse Developed Markets ETF921943858
    +$484.9KAdded
  5. J P Morgan Exchange Traded F46641Q761
    +$359.4KNew

Largest weight increases

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

  1. Vanguard Ftse Developed Markets ETF921943858
    +0.66 pp6.6% → 7.3%
  2. iShares Tr46434V274
    +0.53 pp2.8% → 3.4%
  3. iShares Tr46434V456
    +0.29 pp3.2% → 3.5%
  4. Vanguard Scottsdale FDS92206C706
    +0.25 pp5.5% → 5.8%
  5. iShares Tr46434V282
    +0.21 pp4.9% → 5.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Quality Factor ETF46432F339
    −$720.1KReduced
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    −$367.8KReduced
  3. Vanguard Dividend Appreciation ETF921908844
    −$343.7KReduced
  4. Schwab U.S. Broad Market ETF808524102
    −$289.1KReduced
  5. Vanguard Morningstar Large-Cap ETF922908637
    −$252.9KReduced

Largest weight decreases

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

  1. iShares MSCI USA Quality Factor ETF46432F339
    −0.46 pp7.1% → 6.6%
  2. Vanguard Morningstar Large-Cap ETF922908637
    −0.41 pp9.0% → 8.6%
  3. AAPLApple Inc.
    −0.20 pp1.4% → 1.2%History
  4. Schwab U.S. Broad Market ETF808524102
    −0.18 pp2.0% → 1.8%
  5. Vanguard Morningstar Small-Cap ETF922908751
    −0.13 pp1.0% → 0.9%

Metrics

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

Portfolio value
$291.9M
−$3.29M (−1.1%) vs. prior quarter
Positions
76
−4 vs. prior quarter
Top 10 concentration
67.2%
Top 10 as share of value
Turnover
1.5%
Q1 2025, one quarter
Average holding period
16.1 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 $297.1M (Q3 2024)

Q1 2021: $158.2MQ2 2021: $182.4MQ3 2021: $177.2MQ4 2021: $192.3MQ1 2022: $233.2MQ2 2022: $210.9MQ3 2022: $199.7MQ4 2022: $220.8MQ1 2023: $238.1MQ2 2023: $252.4MQ3 2023: $233.5MQ4 2023: $264.5MQ1 2024: $274.3MQ2 2024: $277.9MQ3 2024: $297.1MQ4 2024: $295.2MQ1 2025: $291.9M
Q1 2021Q1 2025
13F filings of Wade Financial Advisory, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025May 9, 202576$291.9MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Jan 23, 202580$295.2MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFiShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Oct 28, 202481$297.1MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFiShares MSCI USA Quality Factor ETFvs. Q2 2024SEC
Q2 2024Jul 25, 202481$277.9MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFiShares MSCI USA Quality Factor ETFvs. Q1 2024SEC
Q1 2024May 14, 202477$274.3MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFiShares MSCI USA Quality Factor ETFvs. Q4 2023SEC
Q4 2023Feb 9, 202475$264.5MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2023SEC
Q3 2023Oct 11, 202370$233.5MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q2 2023SEC
Q2 2023Aug 10, 202373$252.4MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q1 2023SEC
Q1 2023Apr 7, 202376$238.1MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q4 2022SEC
Q4 2022Jan 13, 202375$220.8MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2022SEC
Q3 2022Oct 26, 202273$199.7MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFiShares Incvs. Q2 2022SEC
Q2 2022Aug 5, 202274$210.9MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q1 2022SEC
Q1 2022Apr 21, 202277$233.2MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFiShares Incvs. Q4 2021SEC
Q4 2021Feb 8, 202271$192.3MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2021SEC
Q3 2021Nov 2, 202173$177.2MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q2 2021SEC
Q2 2021Jul 29, 202171$182.4MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFvs. Q1 2021SEC
Q1 2021Apr 14, 202168$158.2MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFiShares Inc–SEC