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Livermore
Livermore
ZHEN

Starfox Financial Services, LLC

SEC CIK
0001908885
Latest filing
Apr 30, 2024

The latest 13F from Starfox Financial Services, LLC covers Q1 2024 (filed Apr 30, 2024): 29 long positions worth $117.9M. The top 10 holdings make up 86.5% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 19.9%. Livermore has 10 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q1 2024

Share counts compared with Q4 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
1
Est. +$716.8K
Added
14
Est. +$6.64M
Reduced
11
Est. −$1.18M
Sold out
3
Est. −$671.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    19.9%$23.4M
  2. SPYSPDR S&P 500 ETF Trust
    13.8%$16.2MHistory
  3. iShares Tr464287457
    11.5%$13.6M
  4. Invesco QQQ Trust Series I46090E103
    9.7%$11.5M
  5. OUNZVanEck Merk Gold ETF
    8.1%$9.50MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Long-Term Treasury ETF92206C847
    +$1.38MAdded
  2. iShares Tr464287457
    +$1.18MAdded
  3. Invesco QQQ Trust Series I46090E103
    +$1.05MAdded
  4. Vanguard Ftse Developed Markets ETF921943858
    +$750.3KAdded
  5. GBTCGrayscale Bitcoin Trust ETF
    +$716.8KNewHistory

Largest weight increases

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

  1. GBTCGrayscale Bitcoin Trust ETF
    +0.61 pp0.0% → 0.6%History
  2. OUNZVanEck Merk Gold ETF
    +0.61 pp7.5% → 8.1%History
  3. Invesco QQQ Trust Series I46090E103
    +0.57 pp9.2% → 9.7%
  4. Alps ETF Tr00162Q452
    +0.42 pp0.8% → 1.2%
  5. Vanguard Long-Term Treasury ETF92206C847
    +0.37 pp4.7% → 5.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Scottsdale FDS92206C102
    −$885.7KReduced
  2. Vanguard Short-Term Bond ETF921937827
    −$256.9KSold out
  3. iShares Tr464287622
    −$209.0KSold out
  4. Vanguard Scottsdale FDS92206C706
    −$205.2KSold out
  5. JLLJones Lang Lasalle Inc
    −$154.1KReducedHistory

Largest weight decreases

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

  1. Vanguard Scottsdale FDS92206C102
    −1.34 pp6.3% → 4.9%
  2. JLLJones Lang Lasalle Inc
    −0.36 pp1.6% → 1.2%History
  3. Vanguard Short-Term Bond ETF921937827
    −0.24 pp0.2% → 0.0%
  4. iShares Tr464287622
    −0.19 pp0.2% → 0.0%
  5. Vanguard Scottsdale FDS92206C706
    −0.19 pp0.2% → 0.0%

Metrics

13F metrics for Q1 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$117.9M
+$9.82M (+9.1%) vs. prior quarter
Positions
29
−2 vs. prior quarter
Top 10 concentration
86.5%
Top 10 as share of value
Turnover
1.6%
Q1 2024, one quarter
Average holding period
8.9 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

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

Peak $126.4M (Q1 2022)

Q4 2021: $114.8MQ1 2022: $126.4MQ2 2022: $126.4MQ3 2022: $102.5MQ4 2022: $100.2MQ1 2023: $96.3MQ2 2023: $97.1MQ3 2023: $92.5MQ4 2023: $108.1MQ1 2024: $117.9M
Q4 2021Q1 2024
13F filings of Starfox Financial Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024Apr 30, 202429$117.9MVanguard Morningstar Total Stock Market ETFSPYiShares Trvs. Q4 2023SEC
Q4 2023Feb 9, 202431$108.1MVanguard Morningstar Total Stock Market ETFSPYiShares Trvs. Q3 2023SEC
Q3 2023Nov 7, 202328$92.5MVanguard Morningstar Total Stock Market ETFSPYiShares Trvs. Q2 2023SEC
Q2 2023Jul 20, 202323$97.1MVanguard Morningstar Total Stock Market ETFiShares TrSPYvs. Q1 2023SEC
Q1 2023May 5, 202324$96.3MVanguard Morningstar Total Stock Market ETFiShares TrSPYvs. Q4 2022SEC
Q4 2022Feb 8, 202325$100.2MVanguard Morningstar Total Stock Market ETFiShares TrSPYvs. Q3 2022SEC
Q3 2022Oct 19, 202222$102.5MVanguard Morningstar Total Stock Market ETFiShares TrInvesco QQQ Trust Series Ivs. Q2 2022SEC
Q2 2022Aug 8, 202226$126.4MVanguard Morningstar Total Stock Market ETFiShares TrInvesco QQQ Trust Series Ivs. Q1 2022SEC
Q1 2022May 12, 202226$126.4MVanguard Morningstar Total Stock Market ETFiShares TrInvesco QQQ Trust Series Ivs. Q4 2021SEC
Q4 2021Feb 10, 202219$114.8MVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series ISPY–SEC