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Livermore
Livermore
ZHEN

Briggs Advisory Group, Inc.

SEC CIK
0001906527
Latest filing
Oct 27, 2023

The latest 13F from Briggs Advisory Group, Inc. covers Q3 2023 (filed Oct 27, 2023): 60 long positions worth $174.7M. The top 10 holdings make up 72.8% of the portfolio, and the largest is iShares Core S&P 500 ETF at 18.4%. 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
4
Est. +$2.68M
Added
12
Est. +$4.09M
Reduced
26
Est. −$3.06M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    18.4%$32.1M
  2. iShares Tr464287150
    14.9%$26.0M
  3. State Street SPDR S&P 600 Small Cap Value ETF78464A300
    9.7%$16.9M
  4. iShares Tr46435G326
    6.8%$11.9M
  5. iShares Russell 2000 ETF464287655
    6.0%$10.5M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46435G326
    +$1.28MAdded
  2. iShares Tr464287150
    +$1.07MAdded
  3. Dimensional ETF Trust25434V401
    +$986.5KNew
  4. American Centy ETF Tr025072802
    +$889.4KNew
  5. Dimensional ETF Trust25434V732
    +$454.4KNew

Largest weight increases

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

  1. iShares Tr46435G326
    +0.59 pp6.2% → 6.8%
  2. Dimensional ETF Trust25434V401
    +0.56 pp0.0% → 0.6%
  3. American Centy ETF Tr025072802
    +0.51 pp0.0% → 0.5%
  4. iShares Tr464287150
    +0.42 pp14.5% → 14.9%
  5. Dimensional ETF Trust25434V732
    +0.26 pp0.0% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −$878.3KReduced
  2. HONEHarborOne Bancorp, Inc.
    −$666.4KReducedHistory
  3. iShares Russell 2000 ETF464287655
    −$307.5KReduced
  4. AXPAmerican Express Co
    −$169.3KReducedHistory
  5. Dimensional U.S. Core Equity 2 ETF25434V708
    −$128.7KReduced

Largest weight decreases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −0.55 pp4.1% → 3.6%
  2. State Street SPDR S&P 600 Small Cap Value ETF78464A300
    −0.45 pp10.1% → 9.7%
  3. iShares Russell 2000 ETF464287655
    −0.38 pp6.4% → 6.0%
  4. HONEHarborOne Bancorp, Inc.
    −0.32 pp0.5% → 0.2%History
  5. AAPLApple Inc.
    −0.31 pp2.8% → 2.5%History

Metrics

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

Portfolio value
$174.7M
−$4.37M (−2.4%) vs. prior quarter
Positions
60
+4 vs. prior quarter
Top 10 concentration
72.8%
Top 10 as share of value
Turnover
1.7%
Q3 2023, one quarter
Average holding period
7.7 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 $179.1M (Q2 2023)

Q4 2021: $146.6MQ1 2022: $150.6MQ2 2022: $136.9MQ3 2022: $133.3MQ4 2022: $157.1MQ1 2023: $168.7MQ2 2023: $179.1MQ3 2023: $174.7M
Q4 2021Q3 2023
13F filings of Briggs Advisory Group, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Oct 27, 202360$174.7MiShares Core S&P 500 ETFiShares TrState Street SPDR S&P 600 Small Cap Value ETFvs. Q2 2023SEC
Q2 2023Jul 24, 202356$179.1MiShares Core S&P 500 ETFiShares TrState Street SPDR S&P 600 Small Cap Value ETFvs. Q1 2023SEC
Q1 2023May 5, 202356$168.7MiShares Core S&P 500 ETFiShares TrState Street SPDR S&P 600 Small Cap Value ETFvs. Q4 2022SEC
Q4 2022Feb 10, 202354$157.1MiShares Core S&P 500 ETFiShares TrState Street SPDR S&P 600 Small Cap Value ETFvs. Q3 2022SEC
Q3 2022Nov 1, 202247$133.3MiShares Core S&P 500 ETFiShares TrState Street SPDR S&P 600 Small Cap Value ETFvs. Q2 2022SEC
Q2 2022Jul 22, 202251$136.9MiShares Core S&P 500 ETFiShares TrState Street SPDR S&P 600 Small Cap Value ETFvs. Q1 2022SEC
Q1 2022Apr 14, 202252$150.6MiShares Core S&P 500 ETFState Street SPDR S&P 600 Small Cap Value ETFiShares Trvs. Q4 2021SEC
Q4 2021Jan 27, 202249$146.6MiShares Core S&P 500 ETFState Street SPDR S&P 600 Small Cap Value ETFiShares Russell 2000 ETF–SEC