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Livermore
Livermore
ZHEN

High Pines Wealth Management, LLC

SEC CIK
0001855571
Latest filing
Jan 12, 2024

The latest 13F from High Pines Wealth Management, LLC covers Q4 2023 (filed Jan 12, 2024): 30 long positions worth $65.6M. The top 10 holdings make up 83.9% of the portfolio, and the largest is Vanguard Scottsdale FDS at 16.0%. 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
0
Added
18
Est. +$969.0K
Reduced
12
Est. −$1.69M
Sold out
2
Est. −$628.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Scottsdale FDS92206C680
    16.0%$10.5M
  2. Vanguard Ftse Developed Markets ETF921943858
    14.2%$9.35M
  3. Vanguard S&P 500 ETF922908363
    13.3%$8.73M
  4. Vanguard Morningstar Value ETF922908744
    12.6%$8.24M
  5. Vanguard Morningstar Mid-Cap ETF922908629
    8.7%$5.74M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Mid-Cap ETF922908629
    +$232.6KAdded
  2. AMZNAmazon Com Inc
    +$116.5KAddedHistory
  3. METAMeta Platforms, Inc.
    +$88.9KAddedHistory
  4. VVisa Inc.
    +$86.2KAddedHistory
  5. DISWalt Disney Co
    +$84.5KAddedHistory

Largest weight increases

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

  1. Vanguard Morningstar Mid-Cap ETF922908629
    +0.64 pp8.1% → 8.7%
  2. AMZNAmazon Com Inc
    +0.28 pp0.9% → 1.2%History
  3. METAMeta Platforms, Inc.
    +0.21 pp0.8% → 1.0%History
  4. JPMJPMorgan Chase & Co
    +0.18 pp0.9% → 1.1%History
  5. VVisa Inc.
    +0.17 pp0.7% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Mun BD FDS922907746
    −$784.2KReduced
  2. CCFChase Corp
    −$411.5KSold outHistory
  3. Vanguard Total Bond Market ETF921937835
    −$305.6KReduced
  4. Vanguard Morningstar Mid-Cap Value ETF922908512
    −$216.6KSold out
  5. Vanguard Scottsdale FDS92206C409
    −$173.2KReduced

Largest weight decreases

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

  1. Vanguard Mun BD FDS922907746
    −1.27 pp4.5% → 3.2%
  2. CCFChase Corp
    −0.68 pp0.7% → 0.0%History
  3. Vanguard Total Bond Market ETF921937835
    −0.60 pp5.8% → 5.2%
  4. Vanguard Scottsdale FDS92206C409
    −0.56 pp6.5% → 5.9%
  5. Vanguard Morningstar Mid-Cap Value ETF922908512
    −0.36 pp0.4% → 0.0%

Metrics

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

Portfolio value
$65.6M
+$4.81M (+7.9%) vs. prior quarter
Positions
30
−2 vs. prior quarter
Top 10 concentration
83.9%
Top 10 as share of value
Turnover
1.5%
Q4 2023, one quarter
Average holding period
11.6 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 $145.7M (Q3 2021)

Q1 2021: $113.2MQ2 2021: $132.6MQ3 2021: $145.7MQ4 2021: $143.5MQ1 2022: $136.0MQ2 2022: $54.2MQ3 2022: $52.4MQ4 2022: $57.0MQ1 2023: $60.2MQ2 2023: $65.6MQ3 2023: $60.8MQ4 2023: $65.6M
Q1 2021Q4 2023
13F filings of High Pines Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Jan 12, 202430$65.6MVanguard Scottsdale FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 9, 202332$60.8MVanguard Scottsdale FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 8, 202331$65.6MVanguard Scottsdale FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 12, 202331$60.2MVanguard Scottsdale FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202332$57.0MVanguard Ftse Developed Markets ETFVanguard Scottsdale FDSVanguard Morningstar Value ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202232$52.4MVanguard Scottsdale FDSVanguard Ftse Developed Markets ETFVanguard Morningstar Value ETFvs. Q2 2022SEC
Q2 2022Aug 15, 202228$54.2MVanguard Scottsdale FDSVanguard Ftse Developed Markets ETFVanguard Morningstar Value ETFvs. Q1 2022SEC
Q1 2022May 11, 202237$136.0MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Scottsdale FDSvs. Q4 2021SEC
Q4 2021Feb 15, 202236$143.5MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Scottsdale FDSvs. Q3 2021SEC
Q3 2021Oct 13, 202141$145.7MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Scottsdale FDSvs. Q2 2021SEC
Q2 2021Aug 13, 202140$132.6MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Scottsdale FDSvs. Q1 2021SEC
Q1 2021Apr 9, 202139$113.2MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Scottsdale FDS–SEC