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Livermore
Livermore
ZHEN

ML & R Wealth Management LLC

SEC CIK
0001903320
Latest filing
May 14, 2024

The latest 13F from ML & R Wealth Management LLC covers Q1 2024 (filed May 14, 2024): 70 long positions worth $435.2M. The top 10 holdings make up 87.3% of the portfolio, and the largest is Dimensional ETF Trust at 29.0%. Livermore has 10 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q1 2024

Share counts compared with Q4 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
3
Est. +$1.01M
Added
14
Est. +$761.3K
Reduced
40
Est. −$39.9M
Sold out
6
Est. −$3.07M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V401
    29.0%$126.3M
  2. Dimensional ETF Trust25434V724
    19.9%$86.8M
  3. Dimensional U.S. Targeted Value ETF25434V609
    10.2%$44.3M
  4. Dimensional U.S. Small Cap ETF25434V500
    10.1%$43.9M
  5. Dimensional ETF Trust25434V807
    7.0%$30.3M

Biggest buys

New and added positions, by estimated amount bought

  1. EPDEnterprise Products Partners L.P.
    +$516.6KNewHistory
  2. Invesco QQQ Trust Series I46090E103
    +$444.1KAdded
  3. Dimensional ETF Trust25434V666
    +$256.2KNew
  4. MRKMerck & Co., Inc.
    +$235.8KNewHistory
  5. CVXChevron Corp
    +$195.4KAddedHistory

Largest weight increases

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

  1. EPDEnterprise Products Partners L.P.
    +0.12 pp0.0% → 0.1%History
  2. Invesco QQQ Trust Series I46090E103
    +0.11 pp0.1% → 0.2%
  3. Dimensional ETF Trust25434V666
    +0.06 pp0.0% → 0.1%
  4. CVXChevron Corp
    +0.06 pp0.1% → 0.2%History
  5. MRKMerck & Co., Inc.
    +0.05 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional ETF Trust25434V401
    −$7.15MReduced
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    −$5.02MReduced
  3. Dimensional ETF Trust25434V724
    −$4.91MReduced
  4. Dimensional U.S. Small Cap ETF25434V500
    −$3.01MReduced
  5. American Centy ETF Tr025072885
    −$2.74MReduced

Largest weight decreases

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

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    −0.54 pp5.6% → 5.1%
  2. American Centy ETF Tr025072885
    −0.45 pp1.6% → 1.1%
  3. Dimensional ETF Trust25434V781
    −0.26 pp0.9% → 0.7%
  4. American Centy ETF Tr025072604
    −0.24 pp0.4% → 0.2%
  5. AAPLApple Inc.
    −0.19 pp1.0% → 0.8%History

Metrics

13F metrics for Q1 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$435.2M
−$6.49M (−1.5%) vs. prior quarter
Positions
70
−3 vs. prior quarter
Top 10 concentration
87.3%
Top 10 as share of value
Turnover
0.4%
Q1 2024, one quarter
Average holding period
9.2 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

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

Peak $453.4M (Q2 2023)

Q4 2021: $269.1MQ1 2022: $270.8MQ2 2022: $222.4MQ3 2022: $295.7MQ4 2022: $334.6MQ1 2023: $373.8MQ2 2023: $453.4MQ3 2023: $382.9MQ4 2023: $441.7MQ1 2024: $435.2M
Q4 2021Q1 2024
13F filings of ML & R Wealth Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024May 14, 202470$435.2MDimensional ETF TrustDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q4 2023SEC
Q4 2023Feb 9, 202473$441.7MDimensional ETF TrustDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q3 2023SEC
Q3 2023Nov 2, 202368$382.9MDimensional ETF TrustDimensional ETF TrustDimensional U.S. Small Cap ETFvs. Q2 2023SEC
Q2 2023Aug 8, 202395$453.4MDimensional ETF TrustDimensional ETF TrustDimensional U.S. Small Cap ETFvs. Q1 2023SEC
Q1 2023May 5, 202372$373.8MDimensional ETF TrustDimensional ETF TrustDimensional U.S. Small Cap ETFvs. Q4 2022SEC
Q4 2022Feb 6, 202358$334.6MDimensional ETF TrustDimensional ETF TrustDimensional U.S. Small Cap ETFvs. Q3 2022SEC
Q3 2022Oct 26, 202267$295.7MDimensional ETF TrustDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q2 2022SEC
Q2 2022Jul 25, 202253$222.4MDimensional ETF TrustDimensional U.S. Targeted Value ETFDimensional U.S. Small Cap ETFvs. Q1 2022SEC
Q1 2022Apr 18, 202253$270.8MDimensional ETF TrustDimensional U.S. Targeted Value ETFDimensional U.S. Small Cap ETFvs. Q4 2021SEC
Q4 2021Feb 2, 202251$269.1MDimensional ETF TrustDimensional U.S. Small Cap ETFDimensional U.S. Targeted Value ETF–SEC