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Livermore
Livermore
ZHEN

Source Financial Advisors LLC

SEC CIK
0001830954
Latest filing
Nov 1, 2024

The latest 13F from Source Financial Advisors LLC covers Q3 2024 (filed Nov 1, 2024): 119 long positions worth $338.5M. The top 10 holdings make up 62.9% of the portfolio, and the largest is Uber Technologies, Inc (UBER) at 14.6%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2024

Share counts compared with Q2 2024: 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
10
Est. +$2.62M
Added
40
Est. +$5.33M
Reduced
58
Est. −$4.22M
Sold out
5
Est. −$1.35M

Top 5 holdings

Share of this quarter's portfolio value

  1. UBERUber Technologies, Inc
    14.6%$49.3MHistory
  2. SPYSPDR S&P 500 ETF Trust
    12.3%$41.5MHistory
  3. MKTXMarketaxess Holdings Inc
    8.7%$29.6MHistory
  4. iShares Core S&P 500 ETF464287200
    6.5%$21.8M
  5. iShares U.S. Treasury Bond ETF46429B267
    6.0%$20.4M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares U S ETF Tr46431W838
    +$2.38MAdded
  2. Janus Detroit STR Tr47103U845
    +$705.7KAdded
  3. SIRISirius XM Holdings Inc.
    +$409.9KNewHistory
  4. iShares Tr464288877
    +$379.3KAdded
  5. J P Morgan Exchange-Traded F46641Q746
    +$345.4KNew

Largest weight increases

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

  1. MKTXMarketaxess Holdings Inc
    +1.63 pp7.1% → 8.7%History
  2. iShares U S ETF Tr46431W838
    +0.63 pp2.1% → 2.7%
  3. Janus Detroit STR Tr47103U845
    +0.13 pp2.0% → 2.2%
  4. iShares Tr464288877
    +0.12 pp0.3% → 0.4%
  5. SIRISirius XM Holdings Inc.
    +0.12 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Goldman Sachs ETF Tr381430503
    −$712.4KReduced
  2. J P Morgan Exchange Traded F46641Q332
    −$573.9KReduced
  3. SIRISirius XM Holdings Inc.
    −$486.4KSold outHistory
  4. Vanguard Scottsdale FDS92206C409
    −$460.1KReduced
  5. iShares Core MSCI Eafe ETF46432F842
    −$432.9KReduced

Largest weight decreases

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

  1. Goldman Sachs ETF Tr381430503
    −0.18 pp1.8% → 1.6%
  2. J P Morgan Exchange Traded F46641Q332
    −0.17 pp0.5% → 0.3%
  3. SIRISirius XM Holdings Inc.
    −0.15 pp0.1% → 0.0%History
  4. Vanguard Scottsdale FDS92206C409
    −0.14 pp0.3% → 0.2%
  5. iShares Core MSCI Eafe ETF46432F842
    −0.11 pp0.6% → 0.5%

Metrics

13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$338.5M
+$13.2M (+4.1%) vs. prior quarter
Positions
119
+5 vs. prior quarter
Top 10 concentration
62.9%
Top 10 as share of value
Turnover
1.7%
Q3 2024, one quarter
Average holding period
13.1 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

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

Peak $388.4M (Q2 2021)

Q1 2021: $374.8MQ2 2021: $388.4MQ3 2021: $385.3MQ4 2021: $370.6MQ1 2022: $339.7MQ2 2022: $255.1MQ3 2022: $252.5MQ4 2022: $266.2MQ1 2023: $298.5MQ2 2023: $304.7MQ3 2023: $296.4MQ4 2023: $322.2MQ1 2024: $329.4MQ2 2024: $325.2MQ3 2024: $338.5M
Q1 2021Q3 2024
13F filings of Source Financial Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2024Nov 1, 2024119$338.5MUBERSPYMKTXvs. Q2 2024SEC
Q2 2024Jul 17, 2024114$325.2MUBERSPYMKTXvs. Q1 2024SEC
Q1 2024May 1, 2024120$329.4MUBERSPYMKTXvs. Q4 2023SEC
Q4 2023Jan 11, 2024122$322.2MUBERMKTXSPYvs. Q3 2023SEC
Q3 2023Oct 26, 2023122$296.4MUBERSPYMKTXvs. Q2 2023SEC
Q2 2023Jul 24, 2023130$304.7MUBERMKTXSPYvs. Q1 2023SEC
Q1 2023Apr 20, 2023122$298.5MMKTXUBERSPYvs. Q4 2022SEC
Q4 2022Jan 31, 2023117$266.2MMKTXUBERSPYvs. Q3 2022SEC
Q3 2022Nov 14, 2022108$252.5MUBERMKTXSPYvs. Q2 2022SEC
Q2 2022Aug 15, 2022109$255.1MMKTXUBERSPYvs. Q1 2022SEC
Q1 2022May 16, 2022111$339.7MUBERMKTXSPYvs. Q4 2021SEC
Q4 2021Feb 14, 2022105$370.6MMKTXUBERiShares Trvs. Q3 2021SEC
Q3 2021Nov 15, 2021106$385.3MUBERMKTXSNAPvs. Q2 2021SEC
Q2 2021Aug 16, 2021107$388.4MUBERMKTXSNAPvs. Q1 2021SEC
Q1 2021May 17, 2021108$374.8MUBERMKTXSNAP–SEC