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Livermore
Livermore
ZHEN

Sinecera Capital, LLC

SEC CIK
0001909816
Latest filing
Oct 8, 2024

The latest 13F from Sinecera Capital, LLC covers Q3 2024 (filed Oct 8, 2024): 30 long positions worth $82.9M. The top 10 holdings make up 82.1% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 22.0%. Livermore has 12 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q3 2024

Share counts compared with Q2 2024: 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. +$480.0K
Added
16
Est. +$5.67M
Reduced
4
Est. −$312.1K
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    22.0%$18.3M
  2. iShares Tr464287432
    17.0%$14.1M
  3. iShares Tr464287440
    15.1%$12.5M
  4. IAUiShares Gold Trust
    7.5%$6.20MHistory
  5. Vanguard Long-Term Treasury ETF92206C847
    5.4%$4.44M

Share of portfolio

Top 5 holdings and the other 25 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF22.0%
  2. iShares Tr17.0%
  3. iShares Tr15.1%
  4. IAU7.5%
  5. Vanguard Long-Term Treasury ETF5.4%
  6. Other 25 positions33.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +$2.46MAdded
  2. iShares Tr464287432
    +$1.06MAdded
  3. iShares Tr464287440
    +$749.5KAdded
  4. Vanguard Mun BD FDS922907746
    +$480.0KNew
  5. IAUMiShares Gold Trust Micro
    +$405.9KAddedHistory

Largest weight increases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +1.59 pp20.5% → 22.0%
  2. Vanguard Mun BD FDS922907746
    +0.58 pp0.0% → 0.6%
  3. IAUMiShares Gold Trust Micro
    +0.49 pp2.0% → 2.5%History
  4. Vanguard S&P 500 ETF922908363
    +0.29 pp0.5% → 0.8%
  5. IBMInternational Business Machines Corp
    +0.08 pp0.6% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. IAUiShares Gold Trust
    −$141.5KReducedHistory
  2. iShares Tr464287457
    −$70.7KReduced
  3. ProShares Tr74347R107
    −$57.4KReduced
  4. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$42.5KReduced

Largest weight decreases

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

  1. IAUiShares Gold Trust
    −0.30 pp7.8% → 7.5%History
  2. iShares Tr464287457
    −0.19 pp1.1% → 0.9%
  3. ProShares Tr74347R107
    −0.14 pp1.9% → 1.7%
  4. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −0.14 pp0.7% → 0.6%

Metrics

13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$82.9M
+$9.87M (+13.5%) vs. prior quarter
Positions
30
+1 vs. prior quarter
Top 10 concentration
82.1%
Top 10 as share of value
Turnover
0.4%
Q3 2024, one quarter
Average holding period
10.6 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

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

Peak $103.2M (Q4 2021)

Q4 2021: $103.2MQ1 2022: $100.0MQ2 2022: $89.5MQ3 2022: $84.9MQ4 2022: $90.6MQ1 2023: $93.1MQ2 2023: $94.0MQ3 2023: $74.3MQ4 2023: $84.2MQ1 2024: $72.1MQ2 2024: $73.0MQ3 2024: $82.9M
Q4 2021Q3 2024
13F filings of Sinecera Capital, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2024Oct 8, 202430$82.9MVanguard Morningstar Total Stock Market ETFiShares TriShares Trvs. Q2 2024SEC
Q2 2024Jul 18, 202429$73.0MVanguard Morningstar Total Stock Market ETFiShares TriShares Trvs. Q1 2024SEC
Q1 2024Apr 15, 202429$72.1MiShares TrVanguard Morningstar Total Stock Market ETFiShares Trvs. Q4 2023SEC
Q4 2023Jan 18, 202427$84.2MiShares TrVanguard Morningstar Total Stock Market ETFiShares Trvs. Q3 2023SEC
Q3 2023Oct 10, 202332$74.3MVanguard Morningstar Total Stock Market ETFiShares TriShares Trvs. Q2 2023SEC
Q2 2023Jul 13, 202329$94.0MVanguard Morningstar Total Stock Market ETFiShares TriShares Trvs. Q1 2023SEC
Q1 2023Apr 11, 202326$93.1MVanguard Morningstar Total Stock Market ETFiShares TriShares Trvs. Q4 2022SEC
Q4 2022Jan 27, 202329$90.6MVanguard Morningstar Total Stock Market ETFiShares TriShares Trvs. Q3 2022SEC
Q3 2022Oct 19, 202228$84.9MVanguard Morningstar Total Stock Market ETFVanguard Long-Term Treasury ETFVanguard Scottsdale FDSvs. Q2 2022SEC
Q2 2022Jul 27, 202228$89.5MVanguard Morningstar Total Stock Market ETFVanguard Long-Term Treasury ETFVanguard Scottsdale FDSvs. Q1 2022SEC
Q1 2022May 10, 202227$100.0MVanguard Morningstar Total Stock Market ETFVanguard Long-Term Treasury ETFiShares Trvs. Q4 2021SEC
Q4 2021Feb 14, 202226$103.2MVanguard Morningstar Total Stock Market ETFiShares TriShares Tr–SEC