Milestone Advisory Partners
- SEC CIK
- 0001819679
- Latest filing
- Nov 8, 2023
The latest 13F from Milestone Advisory Partners covers Q3 2023 (filed Nov 8, 2023): 70 long positions worth $120.2M. The top 10 holdings make up 53.8% of the portfolio, and the largest is Schwab US Dividend Equity ETF at 14.1%. 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.
- New
- 5
- Est. +$4.86M
- Added
- 30
- Est. +$10.0M
- Reduced
- 4
- Est. −$647.8K
- Sold out
- 1
- Est. −$223.5K
Top 5 holdings
Share of this quarter's portfolio value
- Schwab US Dividend Equity ETF80852479714.1%$16.9M
- Vanguard Wellington FD9219358055.9%$7.13M
- Vanguard Consumer Staples ETF92204A2075.7%$6.91M
- Vanguard Morningstar Growth ETF9229087365.4%$6.53M
- First Tr Exchange Traded FD33738R1184.9%$5.93M
Share of portfolio
Top 5 holdings and the other 65 positions, by share of portfolio value
- Schwab US Dividend Equity ETF14.1%
- Vanguard Wellington FD5.9%
- Vanguard Consumer Staples ETF5.7%
- Vanguard Morningstar Growth ETF5.4%
- First Tr Exchange Traded FD4.9%
- Other 65 positions63.9%
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Wellington FD921935409+$3.92MNew
- Vanguard Wellington FD921935805+$1.45MAdded
- State Street Energy Select Sector SPDR ETF81369Y506+$1.26MAdded
- Vanguard Morningstar Growth ETF922908736+$1.01MAdded
- Vanguard High Dividend Yield Index ETF921946406+$866.5KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Wellington FD921935409+3.26 pp0.0% → 3.3%
- State Street Energy Select Sector SPDR ETF81369Y506+1.10 pp2.3% → 3.4%
- Vanguard Wellington FD921935805+0.81 pp5.1% → 5.9%
- Vanguard High Dividend Yield Index ETF921946406+0.49 pp2.2% → 2.6%
- iShares Tr464287382+0.31 pp1.7% → 2.0%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- State Street Utilities Select Sector SPDR ETF81369Y886−$328.0KReduced
- ABTAbbott Laboratories
- iShares Tr464287374−$153.2KReduced
- Invesco Exchange Traded FD T46137V274−$99.0KReducedConverted for a 2-for-1 split
- First Trust Nasdaq Clean Edge Green Energy Index Fund33733E500−$67.6KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Invesco Exchange Traded FD T46137V274−0.82 pp4.5% → 3.7%
- State Street Utilities Select Sector SPDR ETF81369Y886−0.82 pp3.2% → 2.3%
- First Trust Nasdaq Clean Edge Green Energy Index Fund33733E500−0.27 pp0.9% → 0.6%
- ABTAbbott Laboratories
- iShares Tr464287374−0.14 pp1.1% → 0.9%
Metrics
13F metrics for Q3 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $120.2M
- +$9.76M (+8.8%) vs. prior quarter
- Positions
- 70
- +4 vs. prior quarter
- Top 10 concentration
- 53.8%
- Top 10 as share of value
- Turnover
- 0.8%
- Q3 2023, one quarter
- Average holding period
- 9.2 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 $198.1M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2023 | Nov 8, 2023 | 70 | $120.2M | Schwab US Dividend Equity ETFVanguard Wellington FDVanguard Consumer Staples ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 13, 2023 | 66 | $110.5M | Schwab US Dividend Equity ETFVanguard Consumer Staples ETFInvesco Exch Traded FD Tr II | vs. Q1 2023 | SEC |
| Q1 2023 | May 12, 2023 | 67 | $108.4M | Schwab US Dividend Equity ETFVanguard Consumer Staples ETFVanguard Wellington FD | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 24, 2023 | 70 | $134.4M | Schwab US Dividend Equity ETFPIMCO ETF TrFirst Tr Exchange-Traded FD | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 12, 2022 | 68 | $133.3M | PIMCO ETF TrSchwab US Dividend Equity ETFFirst Tr Exchange-Traded FD | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 18, 2022 | 71 | $123.4M | Schwab US Dividend Equity ETFFirst Tr Exchange-Traded FDPIMCO ETF Tr | vs. Q1 2022 | SEC |
| Q1 2022 | May 10, 2022 | 82 | $185.4M | First Tr Exch Traded FD IIIFirst Tr Exchange-Traded FDSchwab US Dividend Equity ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 4, 2022 | 88 | $198.1M | First Tr Exch Traded FD IIIFirst Tr Exchange-Traded FDSchwab US Dividend Equity ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 9, 2021 | 82 | $170.2M | Schwab US Dividend Equity ETFFirst Tr Exchange-Traded FDState Street Financial Select Sector SPDR ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 13, 2021 | 85 | $189.7M | Schwab US Dividend Equity ETFFirst Tr Exch Traded FD IIIFirst Tr Exchange-Traded FD | vs. Q1 2021 | SEC |
| Q1 2021 | Apr 28, 2021 | 84 | $186.9M | Vanguard Intermediate-Term Bond ETFFirst Tr Exch Traded FD IIIFirst Tr Exchange-Traded FD | – | SEC |