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Livermore
Livermore
ZHEN

Pariax, LLC

SEC CIK
0001879203
Latest filing
Feb 14, 2024

The latest 13F from Pariax, LLC covers Q4 2023 (filed Feb 14, 2024): 15 long positions worth $44.3M. The top 10 holdings make up 93.5% of the portfolio, and the largest is iShares Gold Trust (IAU) at 16.6%. Livermore has 9 filings on Form 13F from this institution, going back to Q4 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
2
Est. +$7.22M
Added
4
Est. +$5.41M
Reduced
5
Est. −$2.03M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. IAUiShares Gold Trust
    16.6%$7.37MHistory
  2. iShares Tr464287432
    15.1%$6.70M
  3. iShares Tr46436E718
    11.5%$5.10M
  4. iShares Tr464287440
    11.1%$4.91M
  5. State Street Utilities Select Sector SPDR ETF81369Y886
    9.3%$4.10M

Biggest buys

New and added positions, by estimated amount bought

  1. State Street Utilities Select Sector SPDR ETF81369Y886
    +$4.10MNew
  2. State Street Energy Select Sector SPDR ETF81369Y506
    +$3.12MNew
  3. iShares Tr46436E718
    +$3.02MAdded
  4. iShares Tr464287432
    +$1.54MAdded
  5. IAUiShares Gold Trust
    +$841.7KAddedHistory

Largest weight increases

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

  1. State Street Utilities Select Sector SPDR ETF81369Y886
    +9.25 pp0.0% → 9.3%
  2. State Street Energy Select Sector SPDR ETF81369Y506
    +7.04 pp0.0% → 7.0%
  3. iShares Tr46436E718
    +5.00 pp6.5% → 11.5%
  4. iShares Tr464287432
    +0.67 pp14.4% → 15.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Ftse Emerging Markets ETF922042858
    −$1.14MReduced
  2. BABAAlibaba Group Holding Ltd
    −$415.9KReducedHistory
  3. Vanguard Health Care ETF92204A504
    −$352.0KReduced
  4. NIONIO Inc.
    −$104.3KReducedHistory
  5. FNGDBank of Montreal
    −$17.8KReducedHistory

Largest weight decreases

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

  1. Vanguard Ftse Emerging Markets ETF922042858
    −5.42 pp11.8% → 6.4%
  2. BABAAlibaba Group Holding Ltd
    −4.74 pp10.7% → 6.0%History
  3. Vanguard Health Care ETF92204A504
    −3.27 pp10.8% → 7.5%
  4. NIONIO Inc.
    −0.58 pp1.2% → 0.7%History
  5. FNGDBank of Montreal
    −0.48 pp0.8% → 0.3%History

Metrics

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

Portfolio value
$44.3M
+$12.3M (+38.3%) vs. prior quarter
Positions
15
+2 vs. prior quarter
Top 10 concentration
93.5%
Top 10 as share of value
Turnover
5.3%
Q4 2023, one quarter
Average holding period
4.3 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

9 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $105.1M (Q1 2022)

Q4 2021: $102.4MQ1 2022: $105.1MQ2 2022: $90.5MQ3 2022: $87.1MQ4 2022: $80.7MQ1 2023: $32.9MQ2 2023: $31.9MQ3 2023: $32.0MQ4 2023: $44.3M
Q4 2021Q4 2023
13F filings of Pariax, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Feb 14, 202415$44.3MIAUiShares TriShares Trvs. Q3 2023SEC
Q3 2023Oct 19, 202313$32.0MIAUiShares TriShares Trvs. Q2 2023SEC
Q2 2023Aug 8, 202313$31.9MIAUVanguard Ftse Emerging Markets ETFVanguard Health Care ETFvs. Q1 2023SEC
Q1 2023May 4, 202312$32.9MBABAVanguard Health Care ETFDISvs. Q4 2022SEC
Q4 2022Feb 2, 202328$80.7MiShares TrVanguard Financials ETFVanguard Health Care ETFvs. Q3 2022SEC
Q3 2022Oct 27, 202227$87.1MiShares TrDISVanguard Health Care ETFvs. Q2 2022SEC
Q2 2022Jul 29, 202229$90.5MiShares TrBADISvs. Q1 2022SEC
Q1 2022Apr 26, 202228$105.1MiShares TrDISBAvs. Q4 2021SEC
Q4 2021Mar 31, 202233$102.4MiShares TrBAVanguard Ftse Emerging Markets ETF–SEC