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Livermore
Livermore
ZHEN

NinePointTwo Capital

SEC CIK
0001824516
Latest filing
Feb 14, 2024

The latest 13F from NinePointTwo Capital covers Q4 2023 (filed Feb 14, 2024): 249 long positions worth $251.8M. The top 10 holdings make up 62.2% of the portfolio, and the largest is Schwab US Tips ETF at 23.6%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2023

Share counts compared with Q3 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
52
Est. +$38.8M
Added
4
Est. +$549.0K
Reduced
10
Est. −$36.6M
Sold out
50
Est. −$11.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab US Tips ETF808524870
    23.6%$59.4M
  2. VanEck ETF Trust92189H300
    10.4%$26.2M
  3. iShares Tips Bond ETF464287176
    7.2%$18.1M
  4. DBX ETF Tr233051432
    6.2%$15.6M
  5. Vanguard High Dividend Yield Index ETF921946406
    5.1%$12.8M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tips Bond ETF464287176
    +$18.1MNew
  2. CHPTChargePoint Holdings, Inc.
    +$1.61MNewHistory
  3. TGTXTG Therapeutics, Inc.
    +$669.0KNewHistory
  4. KDPKeurig Dr Pepper Inc.
    +$662.0KNewHistory
  5. TMDXTransMedics Group, Inc.
    +$621.0KNewHistory

Largest weight increases

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

  1. iShares Tips Bond ETF464287176
    +7.17 pp0.0% → 7.2%
  2. CHPTChargePoint Holdings, Inc.
    +0.64 pp0.0% → 0.6%History
  3. TGTXTG Therapeutics, Inc.
    +0.27 pp0.0% → 0.3%History
  4. KDPKeurig Dr Pepper Inc.
    +0.26 pp0.0% → 0.3%History
  5. TMDXTransMedics Group, Inc.
    +0.25 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab US Tips ETF808524870
    −$30.7MReduced
  2. VanEck ETF Trust92189H300
    −$1.60MReduced
  3. CLXClorox Co
    −$1.49MReducedHistory
  4. DBX ETF Tr233051432
    −$1.23MReduced
  5. Invesco Actvely MNGD Etc FD46090F100
    −$513.9KReduced

Largest weight decreases

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

  1. Schwab US Tips ETF808524870
    −11.95 pp35.6% → 23.6%
  2. Invesco Actvely MNGD Etc FD46090F100
    −0.78 pp4.3% → 3.5%
  3. CLXClorox Co
    −0.55 pp0.7% → 0.1%History
  4. DBX ETF Tr233051432
    −0.35 pp6.5% → 6.2%
  5. VanEck ETF Trust92189H300
    −0.27 pp10.7% → 10.4%

Metrics

13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$251.8M
+$6.62M (+2.7%) vs. prior quarter
Positions
249
+2 vs. prior quarter
Top 10 concentration
62.2%
Top 10 as share of value
Turnover
15.8%
Q4 2023, one quarter
Average holding period
8.7 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

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

Peak $369.7M (Q1 2022)

Q1 2021: $264.1MQ2 2021: $283.8MQ3 2021: $258.0MQ4 2021: $310.5MQ1 2022: $369.7MQ2 2022: $286.4MQ3 2022: $247.9MQ4 2022: $241.0MQ1 2023: $265.2MQ2 2023: $258.2MQ3 2023: $245.2MQ4 2023: $251.8M
Q1 2021Q4 2023
13F filings of NinePointTwo Capital by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Feb 14, 2024249$251.8MSchwab US Tips ETFVanEck ETF TrustiShares Tips Bond ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023247$245.2MSchwab US Tips ETFVanEck ETF TrustDBX ETF Trvs. Q2 2023SEC
Q2 2023Aug 14, 2023239$258.2MSchwab US Tips ETFVanEck ETF TrustDBX ETF Trvs. Q1 2023SEC
Q1 2023May 15, 2023257$265.2MSchwab US Tips ETFVanEck ETF TrustDBX ETF Trvs. Q4 2022SEC
Q4 2022Feb 14, 2023185$241.0MSchwab US Tips ETFVanEck ETF TrustDBX ETF Trvs. Q3 2022SEC
Q3 2022Nov 14, 2022179$247.9MSchwab US Tips ETFVanEck ETF TrustDBX ETF Trvs. Q2 2022SEC
Q2 2022Aug 15, 2022199$286.4MSchwab US Tips ETFVanEck ETF TrustDBX ETF Trvs. Q1 2022SEC
Q1 2022May 16, 2022219$369.7MSchwab US Tips ETFVanEck ETF TrustDBX ETF Trvs. Q4 2021SEC
Q4 2021Feb 11, 2022192$310.5MSchwab US Tips ETFVanEck ETF TrustInvesco Actvely MNGD Etc FDvs. Q3 2021SEC
Q3 2021Nov 10, 202181$258.0MSchwab US Tips ETFVanEck ETF TrustInvesco Actvely MNGD Etc FDvs. Q2 2021SEC
Q2 2021Aug 5, 202169$283.8MSchwab US Tips ETFVanEck ETF TrustInvesco Actvely MNGD Etc FDvs. Q1 2021SEC
Q1 2021May 17, 202157$264.1MSchwab US Tips ETFiShares Core S&P 500 ETFiShares Core MSCI Emerging Markets ETF–SEC