Clark Financial Advisors
- SEC CIK
- 0001842116
- Latest filing
- May 10, 2022
The latest 13F from Clark Financial Advisors covers Q1 2022 (filed May 10, 2022): 30 long positions worth $106.1M. The top 10 holdings make up 74.0% of the portfolio, and the largest is iShares Core S&P 500 ETF at 18.9%. Livermore has 5 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q1 2022
Share counts compared with Q4 2021: 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.
- New
- 1
- Est. +$4.44M
- Added
- 7
- Est. +$5.30M
- Reduced
- 18
- Est. −$10.5M
- Sold out
- 4
- Est. −$10.0M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF46428720018.9%$20.0M
- iShares Tr4642882579.6%$10.1M
- iShares Core S&P US Value ETF4642876638.4%$8.96M
- iShares U S ETF Tr46431W5076.9%$7.37M
- iShares Tr46434V4076.5%$6.88M
Share of portfolio
Top 5 holdings and the other 25 positions, by share of portfolio value
- iShares Core S&P 500 ETF18.9%
- iShares Tr9.6%
- iShares Core S&P US Value ETF8.4%
- iShares U S ETF Tr6.9%
- iShares Tr6.5%
- Other 25 positions49.7%
Biggest buys
New and added positions, by estimated amount bought
- iShares Select Dividend ETF464287168+$4.44MNew
- iShares Core S&P US Value ETF464287663+$3.89MAdded
- Invesco Actvely MNGD Etc FD46090F100+$1.04MAdded
- iShares Tr46434V407+$224.5KAdded
- iShares MSCI USA Min Vol Factor ETF46429B697+$96.7KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Core S&P US Value ETF464287663+4.19 pp4.3% → 8.4%
- iShares Select Dividend ETF464287168+4.18 pp0.0% → 4.2%
- Invesco Actvely MNGD Etc FD46090F100+2.09 pp2.7% → 4.8%
- BRK.BBerkshire Hathaway Inc
- iShares Tr46434V407+0.76 pp5.7% → 6.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr46434V100−$7.25MSold out
- iShares Tr464287150−$2.66MReduced
- iShares Tr464287861−$2.22MSold out
- iShares S&P 500 Growth ETF464287309−$2.22MReduced
- iShares Core S&P 500 ETF464287200−$1.63MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr46434V100−6.04 pp6.0% → 0.0%
- iShares Tr464287150−2.27 pp3.6% → 1.4%
- iShares S&P 500 Growth ETF464287309−1.88 pp6.7% → 4.8%
- iShares Tr464287861−1.85 pp1.9% → 0.0%
- iShares Tr464287291−0.93 pp5.8% → 4.9%
Metrics
13F metrics for Q1 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $106.1M
- −$13.8M (−11.5%) vs. prior quarter
- Positions
- 30
- −3 vs. prior quarter
- Top 10 concentration
- 74.0%
- Top 10 as share of value
- Turnover
- 8.6%
- Q1 2022, one quarter
- Average holding period
- 4.5 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
5 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $119.9M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q1 2022 | May 10, 2022 | 30 | $106.1M | iShares Core S&P 500 ETFiShares TriShares Core S&P US Value ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 9, 2022 | 33 | $119.9M | iShares Core S&P 500 ETFiShares TriShares U S ETF Tr | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 33 | $109.7M | iShares Core S&P 500 ETFiShares TriShares U S ETF Tr | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 10, 2021 | 31 | $102.9M | iShares Core S&P 500 ETFiShares TriShares U S ETF Tr | vs. Q1 2021 | SEC |
| Q1 2021 | May 11, 2021 | 29 | $96.1M | iShares U S ETF TriShares TriShares Core S&P 500 ETF | – | SEC |