Southern Wealth Management, LLP
- SEC CIK
- 0001811579
- Latest filing
- May 12, 2023
The latest 13F from Southern Wealth Management, LLP covers Q1 2023 (filed May 12, 2023): 61 long positions worth $257.6M. The top 10 holdings make up 59.9% of the portfolio, and the largest is iShares Core MSCI Eafe ETF at 10.4%. Livermore has 9 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q1 2023
Share counts compared with Q4 2022: 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
- 2
- Est. +$654.8K
- Added
- 33
- Est. +$5.42M
- Reduced
- 24
- Est. −$12.7M
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core MSCI Eafe ETF46432F84210.4%$26.8M
- Schwab International Small-Cap Equity ETF8085248888.9%$22.8M
- Vanguard Morningstar Growth ETF9229087368.1%$20.9M
- iShares Core MSCI Emerging Markets ETF46434G1036.6%$17.1M
- iShares Russell 1000 Growth ETF4642876146.6%$17.0M
Share of portfolio
Top 5 holdings and the other 56 positions, by share of portfolio value
- iShares Core MSCI Eafe ETF10.4%
- Schwab International Small-Cap Equity ETF8.9%
- Vanguard Morningstar Growth ETF8.1%
- iShares Core MSCI Emerging Markets ETF6.6%
- iShares Russell 1000 Growth ETF6.6%
- Other 56 positions59.4%
Biggest buys
New and added positions, by estimated amount bought
- Vanguard High Dividend Yield Index ETF921946406+$1.13MAdded
- Schwab U.S. Broad Market ETF808524102+$514.4KAdded
- Vanguard Morningstar Mid-Cap ETF922908629+$475.6KAdded
- Vanguard Star FDS921909768+$452.8KNew
- First Tr Exch Traded FD III33739E108+$427.7KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Morningstar Growth ETF922908736+0.95 pp7.2% → 8.1%
- iShares Core MSCI Eafe ETF46432F842+0.63 pp9.8% → 10.4%
- Vanguard High Dividend Yield Index ETF921946406+0.43 pp0.2% → 0.6%
- Schwab International Small-Cap Equity ETF808524888+0.33 pp8.5% → 8.9%
- Vanguard S&P 500 ETF922908363+0.28 pp5.1% → 5.4%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Morningstar Value ETF922908744−$5.31MReduced
- iShares Russell 1000 Value ETF464287598−$1.31MReduced
- iShares Tr464287630−$1.18MReduced
- iShares Tr464288885−$1.18MReduced
- iShares Core S&P 500 ETF464287200−$749.4KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Morningstar Value ETF922908744−2.26 pp4.0% → 1.7%
- iShares Russell 1000 Value ETF464287598−0.56 pp1.9% → 1.3%
- iShares Tr464287630−0.54 pp1.8% → 1.2%
- iShares Tr464288885−0.31 pp1.8% → 1.5%
- iShares Core S&P 500 ETF464287200−0.24 pp1.5% → 1.3%
Metrics
13F metrics for Q1 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $257.6M
- +$8.67M (+3.5%) vs. prior quarter
- Positions
- 61
- +2 vs. prior quarter
- Top 10 concentration
- 59.9%
- Top 10 as share of value
- Turnover
- 2.4%
- Q1 2023, one quarter
- Average holding period
- 8.8 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
9 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $346.7M (Q2 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q1 2023 | May 12, 2023 | 61 | $257.6M | iShares Core MSCI Eafe ETFSchwab International Small-Cap Equity ETFVanguard Morningstar Growth ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 13, 2023 | 59 | $248.9M | iShares Core MSCI Eafe ETFSchwab International Small-Cap Equity ETFVanguard Morningstar Growth ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 14, 2022 | 58 | $248.6M | iShares Core MSCI Eafe ETFVanguard Morningstar Growth ETFSchwab International Small-Cap Equity ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 11, 2022 | 55 | $261.1M | First Tr Exch Traded FD IIIVanguard Morningstar Growth ETFiShares Inc | vs. Q1 2022 | SEC |
| Q1 2022 | May 16, 2022 | 57 | $307.0M | Vanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFiShares Tr | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 10, 2022 | 56 | $252.7M | First Tr Exch Traded FD IIIVanguard Morningstar Growth ETFiShares Russell 1000 Growth ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 55 | $340.1M | Vanguard Morningstar Growth ETFFirst Tr Exch Traded FD IIISchwab International Small-Cap Equity ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 13, 2021 | 55 | $346.7M | Vanguard Morningstar Growth ETFFirst Tr Exch Traded FD IIISchwab International Small-Cap Equity ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 17, 2021 | 55 | $303.6M | Vanguard Morningstar Growth ETFFirst Tr Exch Traded FD IIIiShares MSCI Eafe Min Vol Factor ETF | – | SEC |