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Livermore
Livermore
ZHEN

Silverhawk Asset Management, LLC

SEC CIK
0001910078
Latest filing
Jul 17, 2023

The latest 13F from Silverhawk Asset Management, LLC covers Q2 2023 (filed Jul 17, 2023): 33 long positions worth $121.6M. The top 10 holdings make up 81.6% of the portfolio, and the largest is iShares Core S&P 500 ETF at 18.7%. Livermore has 7 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2023

Share counts compared with Q1 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. +$7.08M
Added
6
Est. +$264.4K
Reduced
15
Est. −$10.8M
Sold out
5
Est. −$1.40M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    18.7%$22.8M
  2. SPDR Index Shs FDS78463X434
    14.0%$17.0M
  3. Two RDS Shared Tr90214Q105
    11.8%$14.3M
  4. Vanguard Scottsdale FDS92206C409
    6.5%$7.93M
  5. Vanguard Malvern FDS922020805
    6.5%$7.87M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares MSCI USA Quality Factor ETF46432F339
    +$6.40MNew
  2. BLDRBuilders FirstSource, Inc.
    +$265.7KNewHistory
  3. MSFTMicrosoft Corp
    +$213.9KNewHistory
  4. JBLJabil Inc
    +$202.3KNewHistory
  5. iShares Core S&P 500 ETF464287200
    +$161.8KAdded

Largest weight increases

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

  1. iShares MSCI USA Quality Factor ETF46432F339
    +5.26 pp0.0% → 5.3%
  2. iShares Core S&P 500 ETF464287200
    +1.69 pp17.0% → 18.7%
  3. SPYSPDR S&P 500 ETF Trust
    +0.47 pp5.1% → 5.6%History
  4. BLDRBuilders FirstSource, Inc.
    +0.22 pp0.0% → 0.2%History
  5. MSFTMicrosoft Corp
    +0.18 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Series Trust78468R812
    −$6.33MReduced
  2. SPDR Index Shs FDS78463X434
    −$2.22MReduced
  3. Two RDS Shared Tr90214Q105
    −$1.05MReduced
  4. iShares Tr464287622
    −$458.8KSold out
  5. iShares Russell 2000 ETF464287655
    −$346.6KSold out

Largest weight decreases

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

  1. SPDR Series Trust78468R812
    −4.84 pp5.4% → 0.5%
  2. SPDR Index Shs FDS78463X434
    −1.59 pp15.6% → 14.0%
  3. iShares Tr464287622
    −0.37 pp0.4% → 0.0%
  4. UPSUnited Parcel Service Inc
    −0.30 pp3.2% → 2.9%History
  5. iShares Russell 2000 ETF464287655
    −0.28 pp0.3% → 0.0%

Metrics

13F metrics for Q2 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$121.6M
−$790.0K (−0.6%) vs. prior quarter
Positions
33
−1 vs. prior quarter
Top 10 concentration
81.6%
Top 10 as share of value
Turnover
6.0%
Q2 2023, one quarter
Average holding period
6.2 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

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

Peak $124.8M (Q1 2022)

Q4 2021: $124.5MQ1 2022: $124.8MQ2 2022: $108.0MQ3 2022: $99.8MQ4 2022: $113.3MQ1 2023: $122.4MQ2 2023: $121.6M
Q4 2021Q2 2023
13F filings of Silverhawk Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2023Jul 17, 202333$121.6MiShares Core S&P 500 ETFSPDR Index Shs FDSTwo RDS Shared Trvs. Q1 2023SEC
Q1 2023Apr 27, 202334$122.4MiShares Core S&P 500 ETFSPDR Index Shs FDSTwo RDS Shared Trvs. Q4 2022SEC
Q4 2022Jan 18, 202334$113.3MiShares Core S&P 500 ETFSPDR Index Shs FDSTwo RDS Shared Trvs. Q3 2022SEC
Q3 2022Oct 18, 202229$99.8MiShares Core S&P 500 ETFSPDR Index Shs FDSTwo RDS Shared Trvs. Q2 2022SEC
Q2 2022Jul 22, 202229$108.0MiShares Core S&P 500 ETFTwo RDS Shared TriShares MSCI USA Quality Factor ETFvs. Q1 2022SEC
Q1 2022Apr 14, 202229$124.8MiShares Core S&P 500 ETFTwo RDS Shared TriShares MSCI USA Quality Factor ETFvs. Q4 2021SEC
Q4 2021Feb 11, 202228$124.5MiShares Core S&P 500 ETFTwo RDS Shared TriShares MSCI USA Quality Factor ETF–SEC