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Livermore
Livermore
ZHEN

Wipfli Financial Advisors LLC,

SEC CIK
0001830600
Latest filing
Oct 26, 2022

The latest 13F from Wipfli Financial Advisors LLC, covers Q3 2022 (filed Oct 26, 2022): 2,644 long positions worth $1.42B. The top 10 holdings make up 54.2% of the portfolio, and the largest is iShares Tr at 10.5%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2022

Share counts compared with Q2 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.

Full comparison
New
2560
Est. +$426.3M
Added
60
Est. +$196.2M
Reduced
21
Est. −$47.7M
Sold out
1
Est. −$368.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr46435G326
    10.5%$149.4M
  2. American Centy ETF Tr025072885
    9.9%$140.7M
  3. American Centy ETF Tr025072604
    6.9%$97.8M
  4. American Centy ETF Tr025072703
    5.8%$82.5M
  5. American Centy ETF Tr025072877
    5.4%$76.9M

Share of portfolio

Top 5 holdings and the other 2,639 positions, by share of portfolio value

  1. iShares Tr10.5%
  2. American Centy ETF Tr9.9%
  3. American Centy ETF Tr6.9%
  4. American Centy ETF Tr5.8%
  5. American Centy ETF Tr5.4%
  6. Other 2,639 positions61.5%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V724
    +$50.3MNew
  2. AAPLApple Inc.
    +$28.0MAddedHistory
  3. American Centy ETF Tr025072885
    +$26.9MAdded
  4. MSFTMicrosoft Corp
    +$18.0MAddedHistory
  5. American Centy ETF Tr025072703
    +$13.9MAdded

Largest weight increases

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

  1. Dimensional ETF Trust25434V724
    +3.54 pp0.0% → 3.5%
  2. AAPLApple Inc.
    +1.95 pp<0.1% → 2.0%History
  3. MSFTMicrosoft Corp
    +1.24 pp0.1% → 1.3%History
  4. AMZNAmazon Com Inc
    +0.71 pp0.0% → 0.7%History
  5. GOOGLAlphabet Inc.
    +0.55 pp0.0% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional ETF Trust25434V104
    −$20.6MReduced
  2. American Centy ETF Tr025072604
    −$7.48MReduced
  3. Dimensional U.S. Targeted Value ETF25434V609
    −$6.17MReduced
  4. Fidelity Merrimack STR Tr316188309
    −$3.96MReduced
  5. Dimensional ETF Trust25434V807
    −$3.92MReduced

Largest weight decreases

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

  1. American Centy ETF Tr025072604
    −6.10 pp13.0% → 6.9%
  2. Dimensional U.S. Targeted Value ETF25434V609
    −2.92 pp6.7% → 3.7%
  3. Dimensional ETF Trust25434V104
    −2.49 pp2.7% → 0.2%
  4. Dimensional ETF Trust25434V807
    −2.11 pp4.3% → 2.2%
  5. Fidelity Merrimack STR Tr316188309
    −0.52 pp0.6% → 0.1%

Metrics

13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.42B
+$503.1M (+54.7%) vs. prior quarter
Positions
2,644
+2,559 vs. prior quarter
Top 10 concentration
54.2%
Top 10 as share of value
Turnover
4.1%
Q3 2022, one quarter
Average holding period
4.2 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

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

Peak $1.42B (Q3 2022)

Q1 2021: $183.7MQ2 2021: $708.1MQ3 2021: $784.4MQ4 2021: $871.9MQ1 2022: $990.5MQ2 2022: $919.7MQ3 2022: $1.42B
Q1 2021Q3 2022
13F filings of Wipfli Financial Advisors LLC, by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2022Oct 26, 20222,644$1.42BiShares TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q2 2022SEC
Q2 2022Jul 7, 202285$919.7MiShares TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q1 2022SEC
Q1 2022Apr 22, 202296$990.5MiShares TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q4 2021SEC
Q4 2021Jan 28, 202246$871.9MiShares TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q3 2021SEC
Q3 2021Oct 13, 202142$784.4MiShares TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q2 2021SEC
Q2 2021Jul 29, 202143$708.1MAmerican Centy ETF TriShares TrAmerican Centy ETF Trvs. Q1 2021SEC
Q1 2021May 6, 202133$183.7MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFiShares Russell 2000 Growth ETF–SEC