Stone Asset Management Inc.
- SEC CIK
- 0001904459
- Latest filing
- Apr 17, 2023
The latest 13F from Stone Asset Management Inc. covers Q1 2023 (filed Apr 17, 2023): 35 long positions worth $62.6M. The top 10 holdings make up 73.8% of the portfolio, and the largest is iShares Russell 2000 Growth ETF at 12.0%. Livermore has 6 filings on Form 13F from this institution, going back to Q4 2021.
What changed in Q1 2023
Share counts compared with Q4 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.
- New
- 0
- Added
- 1
- Est. +$1.47K
- Reduced
- 33
- Est. −$105.2M
- Sold out
- 8
- Est. −$2.74M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Russell 2000 Growth ETF46428764812.0%$7.50M
- Vanguard Ftse All-World Ex-US Index Fund92204277510.5%$6.55M
- Vanguard Morningstar Mid-Cap ETF92290862910.0%$6.28M
- Vanguard World FD9219108168.8%$5.50M
- iShares Russell 1000 Growth ETF4642876147.6%$4.75M
Biggest buys
New and added positions, by estimated amount bought
- Dimensional U.S. Targeted Value ETF25434V609+$1.47KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Dimensional U.S. Targeted Value ETF25434V609+0.49 pp0.3% → 0.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Morningstar Mid-Cap ETF922908629−$14.8MReduced
- iShares Russell 1000 Growth ETF464287614−$13.8MReduced
- iShares Russell 2000 Growth ETF464287648−$9.88MReduced
- Vanguard Ftse All-World Ex-US Index Fund922042775−$9.44MReduced
- iShares S&P 500 Value ETF464287408−$6.26MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Morningstar Mid-Cap ETF922908629−2.61 pp12.6% → 10.0%
- iShares Russell 1000 Growth ETF464287614−2.53 pp10.1% → 7.6%
- iShares Russell 1000 Value ETF464287598−1.16 pp4.5% → 3.4%
- iShares MSCI Eafe ETF464287465−1.04 pp2.7% → 1.7%
- iShares Core S&P Mid-Cap ETF464287507−0.99 pp2.6% → 1.6%
Metrics
13F metrics for Q1 2023, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $62.6M
- −$98.5M (−61.1%) vs. prior quarter
- Positions
- 35
- −8 vs. prior quarter
- Top 10 concentration
- 73.8%
- Top 10 as share of value
- Turnover
- <0.1%
- Q1 2023, one quarter
- Average holding period
- 5.9 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
6 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $179.3M (Q1 2022)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q1 2023 | Apr 17, 2023 | 35 | $62.6M | iShares Russell 2000 Growth ETFVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Mid-Cap ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 25, 2023 | 43 | $161.1M | Vanguard Morningstar Mid-Cap ETFiShares Russell 2000 Growth ETFiShares Russell 1000 Growth ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 20, 2022 | 41 | $153.3M | Vanguard Morningstar Mid-Cap ETFiShares Russell 1000 Growth ETFiShares Russell 2000 Growth ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 11, 2022 | 48 | $159.1M | Vanguard Morningstar Mid-Cap ETFVanguard Ftse All-World Ex-US Index FundiShares Russell 1000 Growth ETF | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 11, 2022 | 46 | $179.3M | Vanguard Morningstar Mid-Cap ETFiShares Russell 1000 Growth ETFVanguard Ftse All-World Ex-US Index Fund | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 31, 2022 | 42 | $169.8M | Vanguard Morningstar Mid-Cap ETFVanguard Ftse All-World Ex-US Index FundiShares Russell 1000 Growth ETF | – | SEC |