Advisory Services & Investments, LLC
- SEC CIK
- 0001862931
- Latest filing
- Nov 12, 2024
The latest 13F from Advisory Services & Investments, LLC covers Q3 2024 (filed Nov 12, 2024): 40 long positions worth $146.9M. The top 10 holdings make up 77.6% of the portfolio, and the largest is Dimensional ETF Trust at 14.2%. 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
- 5
- Est. +$1.48M
- Added
- 9
- Est. +$1.46M
- Reduced
- 18
- Est. −$8.34M
- Sold out
- 1
- Est. −$585.6K
Top 5 holdings
Share of this quarter's portfolio value
- Dimensional ETF Trust25434V79914.2%$20.8M
- Vanguard Morningstar Mid-Cap ETF92290862910.9%$16.0M
- Dimensional U.S. Small Cap ETF25434V5008.4%$12.3M
- Vanguard S&P 500 ETF9229083638.2%$12.0M
- Dimensional U.S. Core Equity 2 ETF25434V7087.9%$11.6M
Share of portfolio
Top 5 holdings and the other 35 positions, by share of portfolio value
- Dimensional ETF Trust14.2%
- Vanguard Morningstar Mid-Cap ETF10.9%
- Dimensional U.S. Small Cap ETF8.4%
- Vanguard S&P 500 ETF8.2%
- Dimensional U.S. Core Equity 2 ETF7.9%
- Other 35 positions50.5%
Biggest buys
New and added positions, by estimated amount bought
Largest weight increases
New and added positions, by percentage points of the portfolio gained
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Dimensional ETF Trust25434V724−$1.96MReduced
- Dimensional ETF Trust25434V799−$1.29MReduced
- Vanguard S&P 500 ETF922908363−$1.26MReduced
- Schwab U.S. Large-Cap Growth ETF808524300−$878.4KReduced
- Dimensional U.S. Small Cap ETF25434V500−$857.2KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
Metrics
13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $146.9M
- +$2.98M (+2.1%) vs. prior quarter
- Positions
- 40
- +4 vs. prior quarter
- Top 10 concentration
- 77.6%
- Top 10 as share of value
- Turnover
- 2.0%
- Q3 2024, one quarter
- Average holding period
- 10.5 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 $156.3M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2024 | Nov 12, 2024 | 40 | $146.9M | Dimensional ETF TrustVanguard Morningstar Mid-Cap ETFDimensional U.S. Small Cap ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 6, 2024 | 36 | $143.9M | Dimensional ETF TrustVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETF | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 18, 2024 | 36 | $145.0M | Dimensional ETF TrustVanguard Morningstar Mid-Cap ETFDimensional U.S. Small Cap ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 13, 2024 | 33 | $135.6M | Dimensional ETF TrustVanguard Morningstar Mid-Cap ETFDimensional U.S. Small Cap ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 10, 2023 | 30 | $113.7M | Dimensional ETF TrustVanguard Morningstar Mid-Cap ETFDimensional U.S. Small Cap ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 28, 2023 | 38 | $121.1M | Dimensional ETF TrustVanguard Morningstar Mid-Cap ETFDimensional U.S. Core Equity 2 ETF | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 27, 2023 | 36 | $110.2M | Dimensional ETF TrustVanguard Morningstar Mid-Cap ETFDimensional ETF Trust | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 9, 2023 | 32 | $100.5M | Dimensional ETF TrustVanguard Morningstar Mid-Cap ETFDimensional ETF Trust | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 13, 2022 | 37 | $94.7M | Dimensional ETF TrustDimensional ETF TrustVanguard Morningstar Mid-Cap ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 27, 2022 | 41 | $104.7M | Dimensional ETF TrustDimensional U.S. Core Equity 2 ETFSchwab U.S. Large-Cap Growth ETF | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 27, 2022 | 40 | $123.5M | Schwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap Value ETFVanguard Morningstar Small-Cap Value ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 8, 2022 | 36 | $156.3M | Schwab US Aggregate Bond ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap Value ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 1, 2021 | 34 | $152.4M | Schwab US Aggregate Bond ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap Value ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 22, 2021 | 23 | $137.2M | Schwab US Aggregate Bond ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap Value ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 21, 2021 | 22 | $123.1M | Schwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFSchwab US Aggregate Bond ETF | – | SEC |