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Livermore
Livermore
ZHEN

Clear Perspectives Financial Planning, LLC

SEC CIK
0001841174
Latest filing
May 11, 2023

The latest 13F from Clear Perspectives Financial Planning, LLC covers Q1 2023 (filed May 11, 2023): 197 long positions worth $178.4M. The top 10 holdings make up 67.9% of the portfolio, and the largest is Procter & Gamble Co (PG) at 10.0%. 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.

Full comparison
New
7
Est. +$7.89M
Added
15
Est. +$39.6M
Reduced
54
Est. −$36.9M
Sold out
46
Est. −$21.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. PGProcter & Gamble Co
    10.0%$17.8MHistory
  2. Vanguard High Dividend Yield Index ETF921946406
    9.9%$17.6M
  3. Invesco Exchange Traded FD T46137V357
    8.2%$14.6M
  4. Vanguard Morningstar Value ETF922908744
    8.1%$14.4M
  5. Vanguard S&P 500 ETF922908363
    6.3%$11.2M

Share of portfolio

Top 5 holdings and the other 192 positions, by share of portfolio value

  1. PG10.0%
  2. Vanguard High Dividend Yield Index ETF9.9%
  3. Invesco Exchange Traded FD T8.2%
  4. Vanguard Morningstar Value ETF8.1%
  5. Vanguard S&P 500 ETF6.3%
  6. Other 192 positions57.6%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Dividend Appreciation ETF921908844
    +$8.91MAdded
  2. Vanguard S&P 500 Value ETF921932703
    +$8.73MAdded
  3. Vanguard Star FDS921909768
    +$7.62MNew
  4. Vanguard Ftse Developed Markets ETF921943858
    +$7.47MAdded
  5. Vanguard S&P 500 ETF922908363
    +$6.48MAdded

Largest weight increases

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

  1. Vanguard Dividend Appreciation ETF921908844
    +5.05 pp0.8% → 5.9%
  2. Vanguard S&P 500 Value ETF921932703
    +4.93 pp0.3% → 5.3%
  3. Vanguard Star FDS921909768
    +4.27 pp0.0% → 4.3%
  4. Vanguard Ftse Developed Markets ETF921943858
    +4.19 pp<0.1% → 4.2%
  5. Vanguard S&P 500 ETF922908363
    +3.93 pp2.3% → 6.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco Actvely MNGD Etc FD46090F100
    −$7.24MSold out
  2. First Tr Exchange-Traded FD336917109
    −$5.56MReduced
  3. iShares Core High Dividend ETF46429B663
    −$5.14MReduced
  4. First Tr Exchange Trad FD VI33739H101
    −$5.01MSold out
  5. Vanguard High Dividend Yield Index ETF921946406
    −$4.58MReduced

Largest weight decreases

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

  1. Invesco Actvely MNGD Etc FD46090F100
    −3.85 pp3.8% → 0.0%
  2. First Tr Exchange-Traded FD336917109
    −3.04 pp3.0% → <0.1%
  3. iShares Core High Dividend ETF46429B663
    −2.79 pp3.1% → 0.3%
  4. First Tr Exchange Trad FD VI33739H101
    −2.66 pp2.7% → 0.0%
  5. Invesco Exchange Traded FD T46137V258
    −2.33 pp2.3% → 0.0%

Metrics

13F metrics for Q1 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$178.4M
−$9.88M (−5.2%) vs. prior quarter
Positions
197
−39 vs. prior quarter
Top 10 concentration
67.9%
Top 10 as share of value
Turnover
25.9%
Q1 2023, one quarter
Average holding period
7.3 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 $263.8M (Q1 2022)

Q1 2021: $172.6MQ2 2021: $207.1MQ3 2021: $220.7MQ4 2021: $247.3MQ1 2022: $263.8MQ2 2022: $256.5MQ3 2022: $203.9MQ4 2022: $188.2MQ1 2023: $178.4M
Q1 2021Q1 2023
13F filings of Clear Perspectives Financial Planning, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2023May 11, 2023197$178.4MPGVanguard High Dividend Yield Index ETFInvesco Exchange Traded FD Tvs. Q4 2022SEC
Q4 2022Feb 13, 2023236$188.2MVanguard High Dividend Yield Index ETFPGVanguard Morningstar Value ETFvs. Q3 2022SEC
Q3 2022Nov 9, 2022208$203.9MiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard High Dividend Yield Index ETFvs. Q2 2022SEC
Q2 2022Aug 11, 2022210$256.5MiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard High Dividend Yield Index ETFvs. Q1 2022SEC
Q1 2022May 12, 2022212$263.8MVanguard High Dividend Yield Index ETFVanguard Malvern FDSInvesco Exchange Traded FD Tvs. Q4 2021SEC
Q4 2021Feb 9, 2022235$247.3MVanguard Malvern FDSInvesco Exchange Traded FD TSchwab US Tips ETFvs. Q3 2021SEC
Q3 2021Nov 5, 2021221$220.7MVanguard Malvern FDSInvesco Exchange Traded FD TPIMCO ETF Trvs. Q2 2021SEC
Q2 2021Aug 5, 2021208$207.1MVanguard Malvern FDSInvesco Exchange Traded FD TPIMCO ETF Trvs. Q1 2021SEC
Q1 2021May 6, 2021190$172.6MVanguard Malvern FDSInvesco Exchange Traded FD TPG–SEC