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Livermore
Livermore
ZHEN

Heritage Wealth Management, LLC

SEC CIK
0001834505
Latest filing
Jul 30, 2024

The latest 13F from Heritage Wealth Management, LLC covers Q2 2024 (filed Jul 30, 2024): 168 long positions worth $180.2M. The top 10 holdings make up 42.1% of the portfolio, and the largest is SPDR Index Shs FDS at 9.3%. Livermore has 10 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2024

Share counts compared with Q1 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
11
Est. +$5.26M
Added
14
Est. +$2.13M
Reduced
129
Est. −$15.0M
Sold out
20
Est. −$7.42M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPDR Index Shs FDS78463X509
    9.3%$16.7M
  2. iShares Tr46435G268
    6.7%$12.1M
  3. iShares MSCI Eafe ETF464287465
    4.9%$8.82M
  4. iShares Tr46435U853
    4.9%$8.75M
  5. iShares Core S&P 500 ETF464287200
    4.3%$7.70M

Share of portfolio

Top 5 holdings and the other 163 positions, by share of portfolio value

  1. SPDR Index Shs FDS9.3%
  2. iShares Tr6.7%
  3. iShares MSCI Eafe ETF4.9%
  4. iShares Tr4.9%
  5. iShares Core S&P 500 ETF4.3%
  6. Other 163 positions70.0%

Biggest buys

New and added positions, by estimated amount bought

  1. JJacobs Solutions Inc.
    +$1.34MNewHistory
  2. BlackRock ETF Trust II092528504
    +$926.0KNew
  3. AZNAstraZeneca PLC
    +$709.8KNewHistory
  4. ABBVAbbVie Inc.
    +$532.4KAddedHistory
  5. iShares Tr46434V407
    +$464.1KAdded

Largest weight increases

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

  1. JJacobs Solutions Inc.
    +0.75 pp0.0% → 0.7%History
  2. BlackRock ETF Trust II092528504
    +0.51 pp0.0% → 0.5%
  3. AZNAstraZeneca PLC
    +0.39 pp0.0% → 0.4%History
  4. iShares Core U.S. Aggregate Bond ETF464287226
    +0.31 pp3.4% → 3.7%
  5. ABBVAbbVie Inc.
    +0.31 pp0.5% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Index Shs FDS78463X509
    −$1.70MReduced
  2. iShares Tr464288646
    −$1.14MSold out
  3. AMTAmerican Tower Corp
    −$1.14MSold outHistory
  4. iShares Tr46434V100
    −$1.04MSold out
  5. iShares Core S&P 500 ETF464287200
    −$1.03MReduced

Largest weight decreases

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

  1. iShares Tr464288646
    −0.58 pp0.6% → 0.0%
  2. AMTAmerican Tower Corp
    −0.58 pp0.6% → 0.0%History
  3. iShares Tr46434V100
    −0.53 pp0.5% → 0.0%
  4. iShares Tr464288414
    −0.31 pp0.8% → 0.4%
  5. iShares U S ETF Tr46431W507
    −0.31 pp0.3% → 0.0%

Metrics

13F metrics for Q2 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$180.2M
−$16.2M (−8.2%) vs. prior quarter
Positions
168
−9 vs. prior quarter
Top 10 concentration
42.1%
Top 10 as share of value
Turnover
3.9%
Q2 2024, one quarter
Average holding period
2.9 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

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

Peak $700.1M (Q4 2022)

Q1 2021: $177.4MQ2 2021: $263.8MQ3 2021: $281.1MQ1 2022: $370.1MQ2 2022: $300.5MQ3 2022: $311.2MQ4 2022: $700.1MQ4 2023: $184.5MQ1 2024: $196.4MQ2 2024: $180.2M
Q1 2021Q2 2024
13F filings of Heritage Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2024Jul 30, 2024168$180.2MSPDR Index Shs FDSiShares TriShares MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024Apr 25, 2024177$196.4MSPDR Index Shs FDSiShares TriShares MSCI Eafe ETFvs. Q4 2023SEC
Q4 2023Feb 6, 2024168$184.5MSPDR Index Shs FDSiShares TriShares Tr–SEC
Q4 2022Feb 13, 20231,077$700.1MiShares TrSPDR Index Shs FDSiShares MSCI Eafe ETFvs. Q3 2022SEC
Q3 2022Nov 14, 20221,058$311.2MiShares TrSPDR Index Shs FDSXPELvs. Q2 2022SEC
Q2 2022Aug 15, 2022988$300.5MiShares TrSPDR Index Shs FDSiShares MSCI Eafe ETFvs. Q1 2022SEC
Q1 2022Aug 15, 20221,006$370.1MiShares TrSPDR Index Shs FDSiShares MSCI Eafe ETF–SEC
Q3 2021Nov 10, 2021900$281.1MiShares TrSPDR Index Shs FDSiShares MSCI Eafe ETFvs. Q2 2021SEC
Q2 2021Aug 11, 2021892$263.8MiShares TrSPDR Index Shs FDSiShares MSCI Eafe ETFvs. Q1 2021SEC
Q1 2021Jul 16, 2021725$177.4MiShares TriShares MSCI Eafe ETFiShares Tr–SEC