Keystone Wealth Partners
- SEC CIK
- 0001845980
- Latest filing
- Apr 29, 2022
The latest 13F from Keystone Wealth Partners covers Q1 2022 (filed Apr 29, 2022): 26 long positions worth $214.0M. The top 10 holdings make up 93.9% of the portfolio, and the largest is Vanguard Scottsdale FDS at 18.2%. 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
- 2
- Est. +$26.0K
- Added
- 11
- Est. +$17.5M
- Reduced
- 10
- Est. −$15.1M
- Sold out
- 11
- Est. −$6.75M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Scottsdale FDS92206C10218.2%$38.9M
- iShares Core S&P 500 ETF46428720014.4%$30.8M
- iShares S&P Mid-Cap 400 Value ETF4642877059.6%$20.5M
- Vanguard Morningstar Mid-Cap ETF9229086299.2%$19.7M
- Vanguard Ftse Developed Markets ETF9219438589.0%$19.2M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Scottsdale FDS92206C102+$3.09MAdded
- iShares Core S&P 500 ETF464287200+$2.39MAdded
- iShares Tr46429B747+$2.11MAdded
- Schwab US Tips ETF808524870+$2.09MAdded
- Vanguard Ftse Developed Markets ETF921943858+$2.05MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Scottsdale FDS92206C102+1.95 pp16.2% → 18.2%
- iShares Tr46429B747+1.32 pp6.8% → 8.1%
- iShares Core S&P 500 ETF464287200+1.20 pp13.2% → 14.4%
- iShares S&P Mid-Cap 400 Value ETF464287705+1.14 pp8.4% → 9.6%
- Schwab US Tips ETF808524870+1.12 pp6.9% → 8.0%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Morningstar Total Stock Market ETF922908769−$9.39MReduced
- Vanguard Total Bond Market ETF921937835−$5.12MReduced
- Vanguard S&P 500 ETF922908363−$1.59MSold out
- Vanguard Ftse All-World Ex-US Index Fund922042775−$1.26MSold out
- Vanguard Morningstar Mid-Cap Value ETF922908512−$1.23MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Morningstar Total Stock Market ETF922908769−4.40 pp5.3% → 0.9%
- Vanguard Total Bond Market ETF921937835−2.41 pp3.1% → 0.7%
- Vanguard S&P 500 ETF922908363−0.70 pp0.7% → 0.0%
- Vanguard Ftse All-World Ex-US Index Fund922042775−0.56 pp0.6% → 0.0%
- Vanguard Morningstar Mid-Cap Value ETF922908512−0.54 pp0.5% → 0.0%
Metrics
13F metrics for Q1 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $214.0M
- −$12.5M (−5.5%) vs. prior quarter
- Positions
- 26
- −9 vs. prior quarter
- Top 10 concentration
- 93.9%
- Top 10 as share of value
- Turnover
- 8.0%
- Q1 2022, one quarter
- Average holding period
- 4.9 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
5 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $226.5M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q1 2022 | Apr 29, 2022 | 26 | $214.0M | Vanguard Scottsdale FDSiShares Core S&P 500 ETFiShares S&P Mid-Cap 400 Value ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 31, 2022 | 35 | $226.5M | Vanguard Scottsdale FDSiShares Core S&P 500 ETFVanguard Morningstar Mid-Cap ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 4, 2021 | 24 | $181.4M | Vanguard Scottsdale FDSiShares Core S&P 500 ETFVanguard Morningstar Mid-Cap ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 6, 2021 | 25 | $165.9M | Vanguard Scottsdale FDSiShares Core S&P 500 ETFVanguard Morningstar Mid-Cap ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 3, 2021 | 26 | $148.6M | Vanguard Scottsdale FDSiShares Core S&P 500 ETFiShares S&P Mid-Cap 400 Value ETF | – | SEC |