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Livermore
Livermore
ZHEN

Wealth Management Solutions, LLC

SEC CIK
0001905979
Latest filing
Oct 25, 2023

The latest 13F from Wealth Management Solutions, LLC covers Q3 2023 (filed Oct 25, 2023): 82 long positions worth $145.8M. The top 10 holdings make up 74.2% of the portfolio, and the largest is Schwab US Dividend Equity ETF at 20.1%. Livermore has 8 filings on Form 13F from this institution, going back to Q4 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
3
Est. +$1.23M
Added
22
Est. +$414.3K
Reduced
39
Est. −$2.84M
Sold out
5
Est. −$1.32M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab US Dividend Equity ETF808524797
    20.1%$29.3M
  2. iShares MSCI USA Momentum Factor ETF46432F396
    12.3%$18.0M
  3. SPDR Series Trust78464A805
    9.6%$14.0M
  4. Vanguard Health Care ETF92204A504
    7.6%$11.1M
  5. VanEck ETF Trust92189F486
    6.9%$10.1M

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$686.8KNew
  2. BRK.BBerkshire Hathaway Inc
    +$327.9KNewHistory
  3. ADPAutomatic Data Processing Inc
    +$211.1KNewHistory
  4. Franklin Templeton ETF Tr35473P637
    +$149.7KAdded
  5. iShares Tr464288885
    +$101.7KAdded

Largest weight increases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +0.47 pp0.0% → 0.5%
  2. BRK.BBerkshire Hathaway Inc
    +0.22 pp0.0% → 0.2%History
  3. ADPAutomatic Data Processing Inc
    +0.14 pp0.0% → 0.1%History
  4. Franklin Templeton ETF Tr35473P637
    +0.12 pp0.2% → 0.3%
  5. ABBVAbbVie Inc.
    +0.08 pp0.5% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ProShares Bitcoin ETF74347G440
    −$525.4KSold out
  2. Schwab US Dividend Equity ETF808524797
    −$477.1KReduced
  3. Vanguard Health Care ETF92204A504
    −$429.3KReduced
  4. iShares MSCI USA Momentum Factor ETF46432F396
    −$397.6KReduced
  5. iShares MSCI USA Quality Factor ETF46432F339
    −$353.9KReduced

Largest weight decreases

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

  1. ProShares Bitcoin ETF74347G440
    −0.34 pp0.3% → 0.0%
  2. Vanguard Health Care ETF92204A504
    −0.22 pp7.8% → 7.6%
  3. iShares Tr46429B747
    −0.18 pp0.2% → 0.0%
  4. Innovator U.S. Equity Ultra Buffer ETF - January45782C300
    −0.14 pp0.1% → 0.0%
  5. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    −0.13 pp0.1% → 0.0%

Metrics

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

Portfolio value
$145.8M
−$7.52M (−4.9%) vs. prior quarter
Positions
82
−2 vs. prior quarter
Top 10 concentration
74.2%
Top 10 as share of value
Turnover
1.1%
Q3 2023, one quarter
Average holding period
7.3 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

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

Peak $194.4M (Q4 2021)

Q4 2021: $194.4MQ1 2022: $192.4MQ2 2022: $177.6MQ3 2022: $171.6MQ4 2022: $190.3MQ1 2023: $173.7MQ2 2023: $153.4MQ3 2023: $145.8M
Q4 2021Q3 2023
13F filings of Wealth Management Solutions, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Oct 25, 202382$145.8MSchwab US Dividend Equity ETFiShares MSCI USA Momentum Factor ETFSPDR Series Trustvs. Q2 2023SEC
Q2 2023Aug 3, 202384$153.4MSchwab US Dividend Equity ETFiShares MSCI USA Momentum Factor ETFSPDR Series Trustvs. Q1 2023SEC
Q1 2023May 5, 202390$173.7MSchwab US Dividend Equity ETFiShares MSCI USA Momentum Factor ETFSPDR Series Trustvs. Q4 2022SEC
Q4 2022Feb 9, 202389$190.3MSchwab US Dividend Equity ETFiShares MSCI USA Momentum Factor ETFSPDR Series Trustvs. Q3 2022SEC
Q3 2022Nov 7, 202283$171.6MSchwab US Dividend Equity ETFiShares MSCI USA Momentum Factor ETFSPDR Series Trustvs. Q2 2022SEC
Q2 2022Aug 1, 202295$177.6MiShares MSCI USA Momentum Factor ETFiShares TrSchwab US Dividend Equity ETFvs. Q1 2022SEC
Q1 2022May 6, 2022112$192.4MSPDR Series TrustiShares MSCI USA Momentum Factor ETFiShares Trvs. Q4 2021SEC
Q4 2021Feb 3, 2022122$194.4MiShares TriShares TrSPDR Series Trust–SEC