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Livermore
Livermore
ZHEN

Hatton Consulting, Inc.

SEC CIK
0001859542
Latest filing
Oct 14, 2021

The latest 13F from Hatton Consulting, Inc. covers Q3 2021 (filed Oct 14, 2021): 42 long positions worth $134.4M. The top 10 holdings make up 81.1% of the portfolio, and the largest is Vanguard Intermediate-Term Corporate Bond ETF at 19.8%. Livermore has 3 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2021

Share counts compared with Q2 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.

Full comparison
New
1
Est. +$755.0K
Added
22
Est. +$11.9M
Reduced
5
Est. −$1.22M
Sold out
8
Est. −$3.02M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    19.8%$26.6M
  2. iShares Tr464287622
    13.2%$17.8M
  3. iShares Core U.S. Aggregate Bond ETF464287226
    12.5%$16.8M
  4. Schwab Strategic Tr808524862
    8.6%$11.6M
  5. iShares Tr46429B291
    7.1%$9.60M

Share of portfolio

Top 5 holdings and the other 37 positions, by share of portfolio value

  1. Vanguard Intermediate-Term Corporate Bond ETF19.8%
  2. iShares Tr13.2%
  3. iShares Core U.S. Aggregate Bond ETF12.5%
  4. Schwab Strategic Tr8.6%
  5. iShares Tr7.1%
  6. Other 37 positions38.8%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287622
    +$2.41MAdded
  2. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$1.46MAdded
  3. Schwab Strategic Tr808524862
    +$1.30MAdded
  4. iShares Tr46429B291
    +$1.13MAdded
  5. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$1.04MAdded

Largest weight increases

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

  1. iShares Tr464287622
    +1.16 pp12.0% → 13.2%
  2. TSLATesla, Inc.
    +0.56 pp0.0% → 0.6%History
  3. Schwab Strategic Tr808524862
    +0.55 pp8.1% → 8.6%
  4. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +0.47 pp4.6% → 5.1%
  5. iShares Tr46429B291
    +0.44 pp6.7% → 7.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MRKMerck & Co., Inc.
    −$478.0KSold outHistory
  2. VZVerizon Communications Inc
    −$477.0KSold outHistory
  3. AMGNAmgen Inc
    −$402.0KSold outHistory
  4. DOWDow Inc.
    −$401.0KSold outHistory
  5. MMM3M Co
    −$396.0KSold outHistory

Largest weight decreases

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

  1. MRKMerck & Co., Inc.
    −0.37 pp0.4% → 0.0%History
  2. VZVerizon Communications Inc
    −0.37 pp0.4% → 0.0%History
  3. iShares Tr464288646
    −0.36 pp2.2% → 1.9%
  4. Vanguard Total International Bond ETF92203J407
    −0.34 pp2.1% → 1.8%
  5. iShares Tr46434V878
    −0.34 pp2.2% → 1.8%

Metrics

13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.

Portfolio value
$134.4M
+$6.86M (+5.4%) vs. prior quarter
Positions
42
−7 vs. prior quarter
Top 10 concentration
81.1%
Top 10 as share of value
Turnover
3.2%
Q3 2021, one quarter
Average holding period
2.9 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

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

Peak $134.4M (Q3 2021)

Q1 2021: $108.9MQ2 2021: $127.6MQ3 2021: $134.4M
Q1 2021Q3 2021
13F filings of Hatton Consulting, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2021Oct 14, 202142$134.4MVanguard Intermediate-Term Corporate Bond ETFiShares TriShares Core U.S. Aggregate Bond ETFvs. Q2 2021SEC
Q2 2021Aug 2, 202149$127.6MVanguard Intermediate-Term Corporate Bond ETFiShares Core U.S. Aggregate Bond ETFiShares Trvs. Q1 2021SEC
Q1 2021May 5, 202135$108.9MVanguard Intermediate-Term Corporate Bond ETFiShares Core U.S. Aggregate Bond ETFiShares Tr–SEC