Integrity Advisory, LLC
- SEC CIK
- 0001908685
- Latest filing
- Jan 24, 2023
The latest 13F from Integrity Advisory, LLC covers Q4 2022 (filed Jan 24, 2023): 77 long positions worth $109.2M. The top 10 holdings make up 59.8% of the portfolio, and the largest is J P Morgan Exchange Traded F at 13.3%. Livermore has 4 filings on Form 13F from this institution, going back to Q1 2022.
What changed in Q4 2022
Share counts compared with Q3 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
- 14
- Est. +$18.9M
- Added
- 29
- Est. +$13.5M
- Reduced
- 30
- Est. −$10.6M
- Sold out
- 12
- Est. −$25.8M
Top 5 holdings
Share of this quarter's portfolio value
- J P Morgan Exchange Traded F46641Q39913.3%$14.5M
- J P Morgan Exchange Traded F46641Q3739.0%$9.82M
- J P Morgan Exchange Traded F46641Q6707.6%$8.35M
- MSFTMicrosoft Corp
- J P Morgan Exchange Traded F46654Q6095.4%$5.90M
Biggest buys
New and added positions, by estimated amount bought
Largest weight increases
New and added positions, by percentage points of the portfolio gained
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- JPMJPMorgan Chase & Co
- State Street SPDR Portfolio S&P 500 Growth ETF78464A409−$3.58MSold out
- J P Morgan Exchange Traded F46641Q753−$2.51MSold out
- J P Morgan Exchange Traded F46641Q373−$1.60MReduced
- Vanguard Total Bond Market ETF921937835−$1.48MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- JPMJPMorgan Chase & Co
- State Street SPDR Portfolio S&P 500 Growth ETF78464A409−3.32 pp3.3% → 0.0%
- J P Morgan Exchange Traded F46641Q753−2.33 pp2.3% → 0.0%
- Vanguard Total Bond Market ETF921937835−1.37 pp2.0% → 0.6%
- iShares Tr46429B671−1.12 pp1.1% → 0.0%
Metrics
13F metrics for Q4 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $109.2M
- +$1.55M (+1.4%) vs. prior quarter
- Positions
- 77
- +2 vs. prior quarter
- Top 10 concentration
- 59.8%
- Top 10 as share of value
- Turnover
- 29.8%
- Q4 2022, one quarter
- Average holding period
- 3.4 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 (Q1 2022), so positions held before then are understated.
13F filings by quarter
4 quarters, going back to Q1 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $109.2M (Q4 2022)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2022 | Jan 24, 2023 | 77 | $109.2M | J P Morgan Exchange Traded FJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 17, 2022 | 75 | $107.6M | JPMJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 27, 2022 | 73 | $102.1M | J P Morgan Exchange Traded FJPMJ P Morgan Exchange Traded F | vs. Q1 2022 | SEC |
| Q1 2022 | May 5, 2022 | 80 | $101.9M | J P Morgan Exchange Traded FJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | – | SEC |