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Livermore
Livermore
ZHEN

HBC Financial Services, PLLC

SEC CIK
0001802872
Latest filing
Jan 16, 2025

The latest 13F from HBC Financial Services, PLLC covers Q4 2024 (filed Jan 16, 2025): 199 long positions worth $163.2M. The top 10 holdings make up 89.6% of the portfolio, and the largest is iShares Tr at 30.2%. Livermore has 18 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2024

Share counts compared with Q3 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
12
Est. +$171.0K
Added
31
Est. +$2.20M
Reduced
15
Est. −$3.92M
Sold out
6
Est. −$571.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464287622
    30.2%$49.2M
  2. iShares Core S&P Mid-Cap ETF464287507
    29.2%$47.6M
  3. iShares Tr464288414
    9.3%$15.3M
  4. iShares Core U.S. Aggregate Bond ETF464287226
    8.0%$13.0M
  5. MSFTMicrosoft Corp
    4.1%$6.76MHistory

Share of portfolio

Top 5 holdings and the other 194 positions, by share of portfolio value

  1. iShares Tr30.2%
  2. iShares Core S&P Mid-Cap ETF29.2%
  3. iShares Tr9.3%
  4. iShares Core U.S. Aggregate Bond ETF8.0%
  5. MSFT4.1%
  6. Other 194 positions19.2%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288414
    +$1.07MAdded
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +$944.8KAdded
  3. Victory Portfolios II92647X830
    +$102.0KNew
  4. AMZNAmazon Com Inc
    +$86.5KAddedHistory
  5. KHCKraft Heinz Co
    +$61.0KAddedHistory

Largest weight increases

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

  1. iShares Tr464288414
    +0.70 pp8.7% → 9.3%
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +0.53 pp7.4% → 8.0%
  3. AMZNAmazon Com Inc
    +0.14 pp0.5% → 0.7%History
  4. Victory Portfolios II92647X830
    +0.06 pp0.0% → 0.1%
  5. KHCKraft Heinz Co
    +0.03 pp<0.1% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287622
    −$1.65MReduced
  2. OXYOccidental Petroleum Corp
    −$784.5KReducedHistory
  3. iShares Core S&P Mid-Cap ETF464287507
    −$405.5KReduced
  4. Schwab US Dividend Equity ETF808524797
    −$389.3KReducedConverted for a 3-for-1 split
  5. Vanguard Morningstar Total Stock Market ETF922908769
    −$313.3KReduced

Largest weight decreases

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

  1. OXYOccidental Petroleum Corp
    −0.49 pp0.6% → 0.1%History
  2. iShares Tr464287622
    −0.36 pp30.5% → 30.2%
  3. GDGeneral Dynamics Corp
    −0.18 pp0.2% → 0.0%History
  4. iShares Core S&P Mid-Cap ETF464287507
    −0.18 pp29.4% → 29.2%
  5. Vanguard Morningstar Total Stock Market ETF922908769
    −0.16 pp1.6% → 1.5%

Metrics

13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$163.2M
−$1.44M (−0.9%) vs. prior quarter
Positions
199
+6 vs. prior quarter
Top 10 concentration
89.6%
Top 10 as share of value
Turnover
1.4%
Q4 2024, one quarter
Average holding period
15.6 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

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

Peak $164.6M (Q3 2024)

Q1 2021: $145.1MQ2 2021: $148.0MQ3 2021: $149.7MQ4 2021: $154.9MQ1 2022: $136.0MQ2 2022: $126.3MQ3 2022: $114.9MQ4 2022: $124.2MQ1 2023: $131.4MQ2 2023: $138.6MQ3 2023: $131.0MQ4 2023: $145.4MQ1 2024: $147.4MQ2 2024: $157.1MQ3 2024: $164.6MQ4 2024: $163.2M
Q1 2021Q4 2024
13F filings of HBC Financial Services, PLLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2024Jan 16, 2025199$163.2MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q3 2024SEC
Q3 2024Nov 7, 2024193$164.6MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q2 2024SEC
Q2 2024Aug 7, 2024170$157.1MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q1 2024SEC
Q1 2024May 6, 2024180$147.4MiShares Core S&P Mid-Cap ETFiShares TriShares Trvs. Q4 2023SEC
Q4 2023Jan 29, 2024179$145.4MiShares Core S&P Mid-Cap ETFiShares TriShares Trvs. Q3 2023SEC
Q3 2023Nov 7, 2023195$131.0MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q2 2023SEC
Q2 2023Jul 27, 2023184$138.6MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q1 2023SEC
Q1 2023May 12, 2023192$131.4MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q4 2022SEC
Q4 2022Jan 19, 2023176$124.2MiShares Core S&P Mid-Cap ETFiShares TriShares Trvs. Q3 2022SEC
Q3 2022Oct 26, 2022181$114.9MiShares Core S&P Mid-Cap ETFiShares TriShares Trvs. Q2 2022SEC
Q2 2022Sep 2, 2022Amended184$126.3MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q1 2022SEC
Q1 2022Sep 2, 2022Amended178$136.0MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q4 2021SEC
Q4 2021Jan 28, 2022178$154.9MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q3 2021SEC
Q3 2021Nov 2, 2021185$149.7MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q2 2021SEC
Q2 2021Aug 2, 2021197$148.0MiShares TriShares Core S&P Mid-Cap ETFiShares Trvs. Q1 2021SEC
Q1 2021May 10, 2021196$145.1MiShares Core S&P Mid-Cap ETFiShares TriShares Tr–SEC