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Livermore
Livermore
ZHEN

KB Financial Partners, LLC

SEC CIK
0001864910
Latest filing
Nov 15, 2023

The latest 13F from KB Financial Partners, LLC covers Q3 2023 (filed Nov 15, 2023): 579 long positions worth $349.6M. The top 10 holdings make up 65.0% of the portfolio, and the largest is Goldman Sachs ETF Tr at 17.3%. Livermore has 11 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2023

Share counts compared with Q2 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
16
Est. +$235.0K
Added
158
Est. +$1.59M
Reduced
160
Est. −$2.85M
Sold out
36
Est. −$1.20M

Top 5 holdings

Share of this quarter's portfolio value

  1. Goldman Sachs ETF Tr381430503
    17.3%$60.5M
  2. iShares Core S&P 500 ETF464287200
    9.4%$32.9M
  3. iShares Tr464288588
    9.3%$32.7M
  4. WisdomTree Tr97717X669
    8.4%$29.4M
  5. Goldman Sachs ETF Tr381430107
    7.1%$24.7M

Share of portfolio

Top 5 holdings and the other 574 positions, by share of portfolio value

  1. Goldman Sachs ETF Tr17.3%
  2. iShares Core S&P 500 ETF9.4%
  3. iShares Tr9.3%
  4. WisdomTree Tr8.4%
  5. Goldman Sachs ETF Tr7.1%
  6. Other 574 positions48.4%

Biggest buys

New and added positions, by estimated amount bought

  1. AMZNAmazon Com Inc
    +$115.3KAddedHistory
  2. iShares Tr464288588
    +$90.1KAdded
  3. TDYTeledyne Technologies Inc
    +$75.6KAddedHistory
  4. CATCaterpillar Inc
    +$71.5KAddedHistory
  5. MSMorgan Stanley
    +$60.6KAddedHistory

Largest weight increases

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

  1. UPWKUpwork, Inc
    +0.09 pp0.3% → 0.4%History
  2. STLAStellantis N.V.
    +0.08 pp0.6% → 0.7%History
  3. GOOGAlphabet Inc.
    +0.06 pp0.4% → 0.5%History
  4. EMEEMCOR Group, Inc.
    +0.06 pp0.3% → 0.4%History
  5. ACGLArch Capital Group Ltd.
    +0.04 pp0.4% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Goldman Sachs ETF Tr381430503
    −$772.7KReduced
  2. CVSCVS Health Corp
    −$375.0KReducedHistory
  3. QUOTQuotient Technology Inc.
    −$323.0KSold outHistory
  4. SPGSimon Property Group Inc.
    −$301.0KSold outHistory
  5. FRGFranchise Group, Inc.
    −$236.0KSold outHistory

Largest weight decreases

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

  1. Goldman Sachs ETF Tr381430503
    −0.14 pp17.5% → 17.3%
  2. CVSCVS Health Corp
    −0.10 pp0.1% → <0.1%History
  3. QUOTQuotient Technology Inc.
    −0.09 pp0.1% → 0.0%History
  4. SPGSimon Property Group Inc.
    −0.08 pp0.1% → 0.0%History
  5. FRGFranchise Group, Inc.
    −0.06 pp0.1% → 0.0%History

Metrics

13F metrics for Q3 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$349.6M
−$14.3M (−3.9%) vs. prior quarter
Positions
579
−20 vs. prior quarter
Top 10 concentration
65.0%
Top 10 as share of value
Turnover
0.5%
Q3 2023, one quarter
Average holding period
9.1 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

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

Peak $363.9M (Q2 2023)

Q1 2021: $235.1MQ2 2021: $264.6MQ3 2021: $273.2MQ4 2021: $348.4MQ1 2022: $362.2MQ2 2022: $289.3MQ3 2022: $279.7MQ4 2022: $292.8MQ1 2023: $340.3MQ2 2023: $363.9MQ3 2023: $349.6M
Q1 2021Q3 2023
13F filings of KB Financial Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Nov 15, 2023579$349.6MGoldman Sachs ETF TriShares Core S&P 500 ETFiShares Trvs. Q2 2023SEC
Q2 2023Aug 15, 2023599$363.9MGoldman Sachs ETF TriShares TriShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 17, 2023589$340.3MGoldman Sachs ETF TriShares TriShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 21, 2023583$292.8MGoldman Sachs ETF TriShares Core S&P 500 ETFWisdomTree Trvs. Q3 2022SEC
Q3 2022Nov 15, 2022585$279.7MGoldman Sachs ETF TrWisdomTree TriShares Core S&P 500 ETFvs. Q2 2022SEC
Q2 2022Aug 11, 2022580$289.3MGoldman Sachs ETF TrWisdomTree TriShares Core S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 17, 2022602$362.2MGoldman Sachs ETF TriShares TrWisdomTree Trvs. Q4 2021SEC
Q4 2021Feb 18, 2022677$348.4MGoldman Sachs ETF TriShares TriShares Core S&P 500 ETFvs. Q3 2021SEC
Q3 2021Nov 16, 2021161$273.2MGoldman Sachs ETF TriShares Core S&P 500 ETFJPMorgan Ultra-Short Income ETFvs. Q2 2021SEC
Q2 2021Aug 17, 2021611$264.6MGoldman Sachs ETF TriShares Core S&P 500 ETFJPMorgan Ultra-Short Income ETFvs. Q1 2021SEC
Q1 2021Jun 8, 2021622$235.1MGoldman Sachs ETF TriShares Core S&P 500 ETFiShares Tr–SEC