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Livermore
Livermore
ZHEN

DB Wealth Management Group, LLC

SEC CIK
0001843991
Latest filing
Jan 9, 2024

The latest 13F from DB Wealth Management Group, LLC covers Q4 2023 (filed Jan 9, 2024): 370 long positions worth $176.1M. The top 10 holdings make up 50.1% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 15.2%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2023

Share counts compared with Q3 2023: 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
15
Est. +$1.26M
Added
60
Est. +$39.3M
Reduced
55
Est. −$38.4M
Sold out
17
Est. −$657.2K

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    15.2%$26.7MHistory
  2. iShares MSCI Eafe ETF464287465
    6.0%$10.5M
  3. Capital Group Dividend Value14020W106
    5.8%$10.2M
  4. Vanguard Morningstar Total Stock Market ETF922908769
    5.0%$8.88M
  5. iShares Core S&P Mid-Cap ETF464287507
    4.4%$7.70M

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$24.0MAddedHistory
  2. Vanguard Morningstar Total Stock Market ETF922908769
    +$2.76MAdded
  3. iShares Tr464287150
    +$1.57MAdded
  4. Capital Group Dividend Value14020W106
    +$1.47MAdded
  5. iShares Tr464287119
    +$1.31MAdded

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +13.65 pp1.5% → 15.2%History
  2. Vanguard Morningstar Total Stock Market ETF922908769
    +1.59 pp3.5% → 5.0%
  3. Capital Group Dividend Value14020W106
    +0.90 pp4.9% → 5.8%
  4. iShares Tr464287150
    +0.89 pp0.1% → 1.0%
  5. iShares Tr464287119
    +0.82 pp3.1% → 3.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco Exchange Traded FD T46137V357
    −$24.4MReduced
  2. DIASPDR Dow Jones Industrial Average ETF Trust
    −$3.53MReducedHistory
  3. First Tr Exchange Traded FD33738R605
    −$2.07MReduced
  4. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$1.19MReduced
  5. State Street Energy Select Sector SPDR ETF81369Y506
    −$553.2KReduced

Largest weight decreases

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

  1. Invesco Exchange Traded FD T46137V357
    −13.83 pp15.9% → 2.1%
  2. DIASPDR Dow Jones Industrial Average ETF Trust
    −1.97 pp2.9% → 0.9%History
  3. First Tr Exchange Traded FD33738R605
    −1.00 pp3.7% → 2.6%
  4. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −0.96 pp2.7% → 1.8%
  5. WisdomTree Tr97717Y527
    −0.48 pp1.8% → 1.3%

Metrics

13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$176.1M
+$17.6M (+11.1%) vs. prior quarter
Positions
370
−2 vs. prior quarter
Top 10 concentration
50.1%
Top 10 as share of value
Turnover
23.4%
Q4 2023, one quarter
Average holding period
10.6 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

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

Peak $176.1M (Q4 2023)

Q1 2021: $145.9MQ2 2021: $156.2MQ3 2021: $155.2MQ4 2021: $169.0MQ1 2022: $165.9MQ2 2022: $146.7MQ3 2022: $140.1MQ4 2022: $154.4MQ1 2023: $158.5MQ2 2023: $163.3MQ3 2023: $158.5MQ4 2023: $176.1M
Q1 2021Q4 2023
13F filings of DB Wealth Management Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Jan 9, 2024370$176.1MSPYiShares MSCI Eafe ETFCapital Group Dividend Valuevs. Q3 2023SEC
Q3 2023Nov 9, 2023372$158.5MInvesco Exchange Traded FD TiShares MSCI Eafe ETFCapital Group Dividend Valuevs. Q2 2023SEC
Q2 2023Aug 10, 2023362$163.3MInvesco Exchange Traded FD TFirst Tr Exchange Traded FDiShares MSCI Eafe ETFvs. Q1 2023SEC
Q1 2023May 12, 2023358$158.5MInvesco Exchange Traded FD TFirst Tr Exchange Traded FDiShares MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023354$154.4MInvesco Exchange Traded FD TFirst Tr Exchange Traded FDiShares MSCI Eafe ETFvs. Q3 2022SEC
Q3 2022Nov 9, 2022290$140.1MInvesco Exchange Traded FD TFirst Tr Exchange Traded FDiShares Trvs. Q2 2022SEC
Q2 2022Aug 11, 2022291$146.7MInvesco Exchange Traded FD TFirst Tr Exchange Traded FDiShares Trvs. Q1 2022SEC
Q1 2022May 12, 2022312$165.9MInvesco Exchange Traded FD TInvesco QQQ Trust Series IiShares Trvs. Q4 2021SEC
Q4 2021Feb 9, 2022360$169.0MVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series IInvesco Exchange Traded FD Tvs. Q3 2021SEC
Q3 2021Nov 10, 2021350$155.2MVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series IiShares MSCI Eafe ETFvs. Q2 2021SEC
Q2 2021Aug 4, 2021351$156.2MVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series IiShares MSCI Eafe ETFvs. Q1 2021SEC
Q1 2021May 6, 2021378$145.9MVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series IState Street SPDR Bloomberg Convertible Securities ETF–SEC