Annapolis Financial Services, LLC
- SEC CIK
- 0001843110
- Latest filing
- Oct 16, 2024
The latest 13F from Annapolis Financial Services, LLC covers Q3 2024 (filed Oct 16, 2024): 486 long positions worth $337.8M. The top 10 holdings make up 43.3% of the portfolio, and the largest is American Centy ETF Tr at 7.1%. 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.
- New
- 128
- Est. +$170.9K
- Added
- 110
- Est. +$15.0M
- Reduced
- 36
- Est. −$6.72M
- Sold out
- 6
- Est. −$563.3K
Top 5 holdings
Share of this quarter's portfolio value
- American Centy ETF Tr0250727037.1%$24.0M
- Vanguard Morningstar Mid-Cap ETF9229086295.0%$16.8M
- Vanguard Morningstar Value ETF9229087444.9%$16.5M
- Vanguard Morningstar Total Stock Market ETF9229087694.4%$14.8M
- Vanguard World FD9219108734.2%$14.1M
Biggest buys
New and added positions, by estimated amount bought
- American Centy ETF Tr025072703+$3.30MAdded
- Vanguard World FD921910873+$1.68MAdded
- Vanguard World FD921910840+$1.41MAdded
- Dimensional ETF Trust25434V583+$1.27MAdded
- American Centy ETF Tr025072604+$1.11MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- American Centy ETF Tr025072703+0.88 pp6.2% → 7.1%
- Vanguard World FD921910840+0.39 pp2.2% → 2.6%
- Vanguard World FD921910873+0.33 pp3.9% → 4.2%
- Dimensional ETF Trust25434V583+0.28 pp2.1% → 2.3%
- Dimensional U.S. Small Cap ETF25434V500+0.27 pp2.8% → 3.1%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Ftse Developed Markets ETF921943858−$1.25MReduced
- Vanguard Morningstar Value ETF922908744−$965.5KReduced
- Vanguard Morningstar Total Stock Market ETF922908769−$877.2KReduced
- Vanguard Morningstar Small-Cap ETF922908751−$461.1KReduced
- Vanguard Morningstar Small-Cap Value ETF922908611−$458.6KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Ftse Developed Markets ETF921943858−0.47 pp4.3% → 3.9%
- Vanguard Morningstar Total Stock Market ETF922908769−0.42 pp4.8% → 4.4%
- Vanguard Morningstar Value ETF922908744−0.31 pp5.2% → 4.9%
- iShares Core S&P 500 ETF464287200−0.15 pp1.7% → 1.6%
- Vanguard Morningstar Small-Cap ETF922908751−0.15 pp2.2% → 2.0%
Metrics
13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $337.8M
- +$29.1M (+9.4%) vs. prior quarter
- Positions
- 486
- +122 vs. prior quarter
- Top 10 concentration
- 43.3%
- Top 10 as share of value
- Turnover
- 2.3%
- Q3 2024, one quarter
- Average holding period
- 13.3 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
15 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $399.2M (Q4 2023)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2024 | Oct 16, 2024 | 486 | $337.8M | American Centy ETF TrVanguard Morningstar Mid-Cap ETFVanguard Morningstar Value ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 17, 2024 | 364 | $308.7M | American Centy ETF TrVanguard Morningstar Value ETFVanguard Morningstar Total Stock Market ETF | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 17, 2024 | 355 | $303.7M | American Centy ETF TrVanguard Morningstar Value ETFVanguard Morningstar Total Stock Market ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 1, 2024 | 465 | $399.2M | American Centy ETF TrDimensional ETF TrustVanguard Morningstar Value ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 30, 2023 | 480 | $346.3M | Dimensional ETF TrustAmerican Centy ETF TrVanguard Morningstar Value ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 18, 2023 | 487 | $351.0M | Dimensional ETF TrustVanguard Morningstar Value ETFVanguard Ftse Developed Markets ETF | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 17, 2023 | 452 | $329.6M | Dimensional ETF TrustVanguard Morningstar Value ETFVanguard Ftse Developed Markets ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 23, 2023 | 434 | $308.5M | Vanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Total Stock Market ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 24, 2022 | 535 | $272.4M | Vanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Total Stock Market ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 22, 2022 | 483 | $275.5M | Vanguard Morningstar Value ETFVanguard Mortgage-Backed Securities ETFVanguard Ftse Developed Markets ETF | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 29, 2022 | 489 | $307.5M | Vanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFVanguard Scottsdale FDS | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 11, 2022 | 491 | $321.8M | Vanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFVanguard Scottsdale FDS | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 9, 2021 | 470 | $301.3M | Vanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFVanguard Mortgage-Backed Securities ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 4, 2021 | 442 | $298.1M | Vanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFVanguard Mortgage-Backed Securities ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 6, 2021 | 443 | $273.3M | Vanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFVanguard Mortgage-Backed Securities ETF | – | SEC |