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Livermore
Livermore
ZHEN

FirstPurpose Wealth LLC

SEC CIK
0001913420
Latest filing
Apr 23, 2024

The latest 13F from FirstPurpose Wealth LLC covers Q1 2024 (filed Apr 23, 2024): 209 long positions worth $275.6M. The top 10 holdings make up 49.2% of the portfolio, and the largest is Dimensional ETF Trust at 14.2%. 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
18
Est. +$5.27M
Added
92
Est. +$11.5M
Reduced
86
Est. −$4.82M
Sold out
21
Est. −$7.91M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V104
    14.2%$39.2M
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    12.1%$33.4M
  3. Dimensional ETF Trust25434V203
    5.3%$14.5M
  4. Dimensional ETF Trust25434V872
    3.9%$10.9M
  5. Vanguard Total Bond Market ETF921937835
    3.3%$9.14M

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V872
    +$1.09MAdded
  2. Dimensional ETF Trust25434V104
    +$970.9KAdded
  3. iShares Tr464287457
    +$939.1KAdded
  4. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$858.0KNew
  5. GLDMWorld Gold Trust
    +$617.2KAddedHistory

Largest weight increases

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

  1. Dimensional ETF Trust25434V104
    +0.72 pp13.5% → 14.2%
  2. iShares Tr464287457
    +0.32 pp0.3% → 0.6%
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +0.31 pp0.0% → 0.3%
  4. GLDMWorld Gold Trust
    +0.23 pp0.1% → 0.4%History
  5. Dimensional U.S. Core Equity 2 ETF25434V708
    +0.22 pp11.9% → 12.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NOCNorthrop Grumman Corp
    −$1.94MSold outHistory
  2. Innovator ETFs Trust45782C516
    −$939.9KSold out
  3. iShares Tr464287432
    −$587.4KReduced
  4. PYPLPayPal Holdings, Inc.
    −$572.2KSold outHistory
  5. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −$497.0KSold out

Largest weight decreases

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

  1. NOCNorthrop Grumman Corp
    −0.74 pp0.7% → 0.0%History
  2. PECOPhillips Edison & Company, Inc.
    −0.38 pp1.7% → 1.3%History
  3. Innovator ETFs Trust45782C516
    −0.36 pp0.4% → 0.0%
  4. TSLATesla, Inc.
    −0.30 pp0.8% → 0.5%History
  5. iShares Tr464287432
    −0.28 pp0.5% → 0.2%

Metrics

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

Portfolio value
$275.6M
+$13.0M (+4.9%) vs. prior quarter
Positions
209
−3 vs. prior quarter
Top 10 concentration
49.2%
Top 10 as share of value
Turnover
4.7%
Q1 2024, one quarter
Average holding period
8.5 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 $275.6M (Q1 2024)

Q4 2021: $159.2MQ1 2022: $128.3MQ2 2022: $148.8MQ3 2022: $151.8MQ4 2022: $179.1MQ1 2023: $202.9MQ2 2023: $233.6MQ3 2023: $231.6MQ4 2023: $262.6MQ1 2024: $275.6M
Q4 2021Q1 2024
13F filings of FirstPurpose Wealth LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024Apr 23, 2024209$275.6MDimensional ETF TrustDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q4 2023SEC
Q4 2023Apr 23, 2024212$262.6MDimensional ETF TrustDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Oct 30, 2023197$231.6MDimensional ETF TrustDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Jul 21, 2023197$233.6MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q1 2023SEC
Q1 2023May 3, 2023190$202.9MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q4 2022SEC
Q4 2022Jan 26, 2023184$179.1MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q3 2022SEC
Q3 2022Oct 24, 2022154$151.8MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustiShares Trvs. Q2 2022SEC
Q2 2022Jul 25, 2022141$148.8MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustiShares Trvs. Q1 2022SEC
Q1 2022Apr 18, 2022139$128.3MDimensional ETF TrustiShares TrNCNOvs. Q4 2021SEC
Q4 2021Feb 24, 2022146$159.2MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustNCNO–SEC