Fullen Financial Group
- SEC CIK
- 0001822731
- Latest filing
- May 30, 2023
The latest 13F from Fullen Financial Group covers Q1 2023 (filed May 30, 2023): 59 long positions worth $185.5M. The top 10 holdings make up 66.7% of the portfolio, and the largest is Vanguard Intermediate-Term Bond ETF at 11.5%. 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
- 0
- Added
- 42
- Est. +$12.6M
- Reduced
- 14
- Est. −$821.0K
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Intermediate-Term Bond ETF92193781911.5%$21.2M
- Vanguard Ftse All-World Ex-US Index Fund92204277510.8%$20.0M
- Vanguard Short-Term Bond ETF9219378278.7%$16.1M
- Vanguard Morningstar Small-Cap ETF9229087517.5%$14.0M
- Vanguard Morningstar Value ETF9229087446.6%$12.3M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Short-Term Bond ETF921937827+$2.05MAdded
- Vanguard Morningstar Small-Cap ETF922908751+$1.98MAdded
- Vanguard Ftse All-World Ex-US Index Fund922042775+$1.83MAdded
- Vanguard Morningstar Growth ETF922908736+$1.59MAdded
- Vanguard Morningstar Value ETF922908744+$1.51MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Morningstar Growth ETF922908736+0.93 pp4.1% → 5.1%
- Vanguard Short-Term Bond ETF921937827+0.75 pp7.9% → 8.7%
- Vanguard Ftse All-World Ex-US Index Fund922042775+0.46 pp10.3% → 10.8%
- Vanguard Morningstar Value ETF922908744+0.34 pp6.3% → 6.6%
- Vanguard Total International Bond ETF92203J407+0.21 pp0.4% → 0.6%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr464288646−$428.0KReduced
- JPMJPMorgan Chase & Co
- State Street SPDR Portfolio Developed World Ex-US ETF78463X889−$62.9KReduced
- Vanguard BD Index FDS92203C303−$49.4KReduced
- iShares Russell 1000 Growth ETF464287614−$29.1KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464288646−0.56 pp6.6% → 6.0%
- State Street SPDR Portfolio Developed World Ex-US ETF78463X889−0.12 pp2.4% → 2.2%
- iShares Russell 1000 Value ETF464287598−0.11 pp1.2% → 1.1%
- State Street SPDR Portfolio S&P 500 Value ETF78464A508−0.11 pp1.9% → 1.8%
- SPDR Series Trust78468R101−0.10 pp1.8% → 1.7%
Metrics
13F metrics for Q1 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $185.5M
- +$9.37M (+5.3%) vs. prior quarter
- Positions
- 59
- 0 vs. prior quarter
- Top 10 concentration
- 66.7%
- Top 10 as share of value
- Turnover
- 0.5%
- Q1 2023, one quarter
- Average holding period
- 9.0 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
9 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $185.5M (Q1 2023)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q1 2023 | May 30, 2023 | 59 | $185.5M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundVanguard Short-Term Bond ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 13, 2023 | 59 | $176.1M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundVanguard Short-Term Bond ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 10, 2022 | 58 | $157.1M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundVanguard Short-Term Bond ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 26, 2022 | 56 | $155.2M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundiShares Tr | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 28, 2022 | 61 | $171.3M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundiShares Tr | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 27, 2022 | 60 | $179.3M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundVanguard Short-Term Bond ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Dec 6, 2021 | 58 | $175.1M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundVanguard Short-Term Bond ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 26, 2021 | 60 | $169.8M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundVanguard Short-Term Bond ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 19, 2021 | 58 | $156.4M | Vanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index FundiShares Tr | – | SEC |