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Livermore
Livermore
ZHEN

Strategic Asset Management, LLC

SEC CIK
0001888541
Latest filing
Nov 1, 2022

The latest 13F from Strategic Asset Management, LLC covers Q3 2022 (filed Nov 1, 2022): 587 long positions worth $57.6M. The top 10 holdings make up 42.6% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 7.5%. Livermore has 5 filings on Form 13F from this institution, going back to Q3 2021.

What changed in Q3 2022

Share counts compared with Q2 2022: 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
30
Est. +$483.0K
Added
113
Est. +$3.21M
Reduced
90
Est. −$44.5M
Sold out
62
Est. −$653.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    7.5%$4.34M
  2. Invesco Exchange Traded FD T46137V357
    6.1%$3.50M
  3. iShares Tr46435G425
    5.0%$2.85M
  4. Invesco QQQ Trust Series I46090E103
    4.5%$2.58M
  5. AAPLApple Inc.
    4.2%$2.41MHistory

Share of portfolio

Top 5 holdings and the other 582 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF7.5%
  2. Invesco Exchange Traded FD T6.1%
  3. iShares Tr5.0%
  4. Invesco QQQ Trust Series I4.5%
  5. AAPL4.2%
  6. Other 582 positions72.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Exch Traded FD Tr II46138E297
    +$409.6KAdded
  2. iShares Core High Dividend ETF46429B663
    +$271.0KAdded
  3. iShares Core S&P Small Cap ETF464287804
    +$258.7KAdded
  4. iShares Inc46434G863
    +$187.3KAdded
  5. iShares U.S. Treasury Bond ETF46429B267
    +$147.4KAdded

Largest weight increases

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

  1. Invesco Exch Traded FD Tr II46138E297
    +0.71 pp<0.1% → 0.7%
  2. iShares Core S&P Small Cap ETF464287804
    +0.51 pp2.6% → 3.2%
  3. iShares Core High Dividend ETF46429B663
    +0.47 pp0.1% → 0.5%
  4. iShares Inc46434G863
    +0.32 pp<0.1% → 0.3%
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.32 pp7.2% → 7.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares U S ETF Tr46431W507
    −$35.8MReduced
  2. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    −$4.88MReduced
  3. iShares Select Dividend ETF464287168
    −$418.3KReduced
  4. Schwab U.S. Small-Cap ETF808524607
    −$413.9KReduced
  5. WisdomTree Tr97717X578
    −$346.7KReduced

Largest weight decreases

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

  1. Schwab U.S. Small-Cap ETF808524607
    −0.68 pp0.8% → 0.1%
  2. WisdomTree Tr97717X578
    −0.67 pp0.9% → 0.2%
  3. State Street Energy Select Sector SPDR ETF81369Y506
    −0.66 pp0.7% → 0.0%
  4. iShares Core S&P 500 ETF464287200
    −0.56 pp0.7% → 0.1%
  5. iShares Tr46432F388
    −0.47 pp0.7% → 0.2%

Metrics

13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$57.6M
−$4.77M (−7.6%) vs. prior quarter
Positions
587
−32 vs. prior quarter
Top 10 concentration
42.6%
Top 10 as share of value
Turnover
6.2%
Q3 2022, one quarter
Average holding period
4.8 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 (Q3 2021), so positions held before then are understated.

13F filings by quarter

5 quarters, going back to Q3 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $71.7M (Q4 2021)

Q3 2021: $71.1MQ4 2021: $71.7MQ1 2022: $70.5MQ2 2022: $62.4MQ3 2022: $57.6M
Q3 2021Q3 2022
13F filings of Strategic Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2022Nov 1, 2022587$57.6MState Street SPDR Portfolio S&P 500 ETFInvesco Exchange Traded FD TiShares Trvs. Q2 2022SEC
Q2 2022Jul 14, 2022619$62.4MState Street SPDR Portfolio S&P 500 ETFInvesco Exchange Traded FD TiShares Trvs. Q1 2022SEC
Q1 2022Apr 20, 2022531$70.5MState Street SPDR Portfolio S&P 500 ETFInvesco Exchange Traded FD TiShares Trvs. Q4 2021SEC
Q4 2021Jan 26, 2022502$71.7MState Street SPDR Portfolio S&P 500 ETFInvesco Exchange Traded FD TInvesco QQQ Trust Series Ivs. Q3 2021SEC
Q3 2021Nov 4, 2021467$71.1MInvesco Exchange Traded FD TInvesco QQQ Trust Series IState Street SPDR Portfolio S&P 500 ETF–SEC