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Livermore
Livermore
ZHEN

Truadvice, LLC

SEC CIK
0001810512
Latest filing
Nov 13, 2023

The latest 13F from Truadvice, LLC covers Q3 2023 (filed Nov 13, 2023): 230 long positions worth $254.8M. The top 10 holdings make up 24.0% of the portfolio, and the largest is Pacer FDS Tr at 6.1%. Livermore has 11 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2023

Share counts compared with Q2 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
36
Est. +$27.2M
Added
58
Est. +$26.6M
Reduced
121
Est. −$40.6M
Sold out
66
Est. −$26.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. Pacer FDS Tr69374H568
    6.1%$15.6M
  2. SPYSPDR S&P 500 ETF Trust
    2.6%$6.59MHistory
  3. Invesco QQQ Trust Series I46090E103
    2.5%$6.50M
  4. Vanguard Morningstar Growth ETF922908736
    2.3%$5.74M
  5. iShares Core S&P 500 ETF464287200
    2.2%$5.71M

Biggest buys

New and added positions, by estimated amount bought

  1. TSLATesla, Inc.
    +$3.85MAddedHistory
  2. Listed FD Tr53656F862
    +$3.54MNew
  3. Listed FDS Tr53656F805
    +$2.85MNew
  4. Listed FD Tr53656F573
    +$2.73MNew
  5. RBB FD Inc74933W510
    +$2.44MNew

Largest weight increases

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

  1. TSLATesla, Inc.
    +1.50 pp0.1% → 1.6%History
  2. Listed FD Tr53656F862
    +1.39 pp0.0% → 1.4%
  3. Listed FDS Tr53656F805
    +1.12 pp0.0% → 1.1%
  4. Listed FD Tr53656F573
    +1.07 pp0.0% → 1.1%
  5. Pacer FDS Tr69374H568
    +1.04 pp5.1% → 6.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287440
    −$2.79MReduced
  2. iShares Inc464286822
    −$2.52MSold out
  3. iShares S&P 500 Value ETF464287408
    −$2.15MReduced
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$2.13MReduced
  5. iShares Core S&P 500 ETF464287200
    −$1.91MReduced

Largest weight decreases

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

  1. iShares Tr464287440
    −1.06 pp1.2% → 0.1%
  2. iShares Inc464286822
    −0.93 pp0.9% → 0.0%
  3. iShares S&P 500 Value ETF464287408
    −0.80 pp1.4% → 0.6%
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −0.66 pp2.4% → 1.7%
  5. GLDSPDR Gold Trust
    −0.61 pp1.1% → 0.5%History

Metrics

13F metrics for Q3 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$254.8M
−$17.1M (−6.3%) vs. prior quarter
Positions
230
−30 vs. prior quarter
Top 10 concentration
24.0%
Top 10 as share of value
Turnover
20.4%
Q3 2023, one quarter
Average holding period
7.0 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

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

Peak $457.6M (Q2 2021)

Q1 2021: $337.8MQ2 2021: $457.6MQ3 2021: $109.2MQ4 2021: $106.6MQ1 2022: $179.3MQ2 2022: $189.1MQ3 2022: $178.1MQ4 2022: $189.9MQ1 2023: $252.4MQ2 2023: $272.0MQ3 2023: $254.8M
Q1 2021Q3 2023
13F filings of Truadvice, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Nov 13, 2023230$254.8MPacer FDS TrSPYInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Aug 11, 2023260$272.0MPacer FDS TriShares Core S&P 500 ETFInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023May 1, 2023251$252.4MPacer FDS TriShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSvs. Q4 2022SEC
Q4 2022Jan 20, 2023159$189.9MSchwab US Dividend Equity ETFGlobal X FDSGlobal X FDSvs. Q3 2022SEC
Q3 2022Nov 7, 2022140$178.1MProShares TrGlobal X FDSGlobal X FDSvs. Q2 2022SEC
Q2 2022Aug 11, 2022143$189.1MGlobal X FDSGlobal X FDSGlobal X FDSvs. Q1 2022SEC
Q1 2022May 10, 2022134$179.3MiShares S&P 500 Value ETFDNPGlobal X FDSvs. Q4 2021SEC
Q4 2021Feb 9, 2022107$106.6MiShares Core S&P 500 ETFiShares TrAlps ETF Trvs. Q3 2021SEC
Q3 2021Nov 9, 2021117$109.2MAlps ETF TriShares TrAlps ETF Trvs. Q2 2021SEC
Q2 2021Jul 28, 2021302$457.6MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFFirst Tr Exchng Traded FD VIvs. Q1 2021SEC
Q1 2021Apr 30, 2021271$337.8MVanguard Morningstar Growth ETFVanguard Ftse Developed Markets ETFFirst Tr Exchng Traded FD VI–SEC