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Livermore
Livermore
ZHEN

Steward Financial Group LLC

SEC CIK
0001906349
Latest filing
Oct 23, 2023

The latest 13F from Steward Financial Group LLC covers Q3 2023 (filed Oct 23, 2023): 1,611 long positions worth $312.9M. The top 10 holdings make up 80.2% of the portfolio, and the largest is iShares Tr at 27.3%. 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
1240
Est. +$21.5M
Added
150
Est. +$9.35M
Reduced
125
Est. −$15.9M
Sold out
21
Est. −$9.43M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr46434V860
    27.3%$85.3M
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    24.5%$76.7M
  3. Dimensional ETF Trust25434V724
    6.2%$19.5M
  4. Dimensional ETF Trust25434V799
    5.2%$16.3M
  5. Dimensional U.S. Targeted Value ETF25434V609
    4.6%$14.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Innovator ETFs Trust45782C813
    +$4.59MNew
  2. WisdomTree Tr97717Y527
    +$3.16MNew
  3. Dimensional ETF Trust25434V864
    +$2.06MNew
  4. Dimensional U.S. Core Equity 2 ETF25434V708
    +$1.73MAdded
  5. iShares MSCI USA Min Vol Factor ETF46429B697
    +$1.71MNew

Largest weight increases

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

  1. Innovator ETFs Trust45782C813
    +1.47 pp0.0% → 1.5%
  2. WisdomTree Tr97717Y527
    +1.01 pp0.0% → 1.0%
  3. Dimensional ETF Trust25434V864
    +0.66 pp0.0% → 0.7%
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    +0.55 pp0.0% → 0.5%
  5. Innovator ETFs Trust45782C680
    +0.48 pp0.8% → 1.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Innovator ETFs Trust45782C417
    −$7.85MReduced
  2. iShares Tr46434V860
    −$3.30MReduced
  3. Vanguard Intermediate-Term Bond ETF921937819
    −$2.23MSold out
  4. Innovator ETFs Trust45782C433
    −$1.66MReduced
  5. Vanguard Real Estate ETF922908553
    −$1.40MSold out

Largest weight decreases

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

  1. Innovator ETFs Trust45782C417
    −2.58 pp6.5% → 4.0%
  2. iShares Tr46434V860
    −1.01 pp28.3% → 27.3%
  3. Vanguard Intermediate-Term Bond ETF921937819
    −0.71 pp0.7% → 0.0%
  4. Innovator ETFs Trust45782C433
    −0.55 pp0.6% → <0.1%
  5. Vanguard Real Estate ETF922908553
    −0.45 pp0.4% → 0.0%

Metrics

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

Portfolio value
$312.9M
−$104.0K (0.0%) vs. prior quarter
Positions
1,611
+1,219 vs. prior quarter
Top 10 concentration
80.2%
Top 10 as share of value
Turnover
8.1%
Q3 2023, one quarter
Average holding period
5.7 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 $313.0M (Q2 2023)

Q4 2021: $108.3MQ1 2022: $112.2MQ2 2022: $120.3MQ3 2022: $135.3MQ4 2022: $200.0MQ1 2023: $300.1MQ2 2023: $313.0MQ3 2023: $312.9M
Q4 2021Q3 2023
13F filings of Steward Financial Group LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Oct 23, 20231,611$312.9MiShares TrDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Aug 7, 2023392$313.0MiShares TrDimensional U.S. Core Equity 2 ETFInnovator ETFs Trustvs. Q1 2023SEC
Q1 2023May 5, 2023914$300.1MiShares TrDimensional U.S. Core Equity 2 ETFInnovator ETFs Trustvs. Q4 2022SEC
Q4 2022Feb 13, 2023880$200.0MDimensional U.S. Core Equity 2 ETFiShares TrDimensional ETF Trustvs. Q3 2022SEC
Q3 2022Nov 7, 202250$135.3MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q2 2022SEC
Q2 2022Jul 22, 20221,492$120.3MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q1 2022SEC
Q1 2022May 3, 2022338$112.2MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFJPMvs. Q4 2021SEC
Q4 2021Feb 3, 2022304$108.3MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFJPM–SEC