Skip to main content
Livermore
Livermore
ZHEN

Safeguard Financial, LLC

SEC CIK
0001922498
Latest filing
Apr 11, 2025

The latest 13F from Safeguard Financial, LLC covers Q1 2025 (filed Apr 11, 2025): 105 long positions worth $456.5M. The top 10 holdings make up 79.6% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 28.8%. Livermore has 13 filings on Form 13F from this institution, going back to Q1 2022.

What changed in Q1 2025

Share counts compared with Q4 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
3
Est. +$1.23M
Added
43
Est. +$21.0M
Reduced
54
Est. −$4.64M
Sold out
12
Est. −$3.02M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    28.8%$131.7M
  2. Vanguard Morningstar Value ETF922908744
    25.3%$115.5M
  3. iShares Core MSCI Eafe ETF46432F842
    5.8%$26.4M
  4. Vanguard Morningstar Small-Cap Value ETF922908611
    5.4%$24.7M
  5. Vanguard Morningstar Small-Cap Growth ETF922908595
    4.0%$18.3M

Share of portfolio

Top 5 holdings and the other 100 positions, by share of portfolio value

  1. Vanguard Morningstar Growth ETF28.8%
  2. Vanguard Morningstar Value ETF25.3%
  3. iShares Core MSCI Eafe ETF5.8%
  4. Vanguard Morningstar Small-Cap Value ETF5.4%
  5. Vanguard Morningstar Small-Cap Growth ETF4.0%
  6. Other 100 positions30.6%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Growth ETF922908736
    +$4.03MAdded
  2. Schwab U.S. Large-Cap Growth ETF808524300
    +$2.94MAdded
  3. Vanguard Morningstar Value ETF922908744
    +$2.66MAdded
  4. Vanguard Morningstar Small-Cap Growth ETF922908595
    +$1.42MAdded
  5. iShares Core MSCI Eafe ETF46432F842
    +$1.32MAdded

Largest weight increases

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

  1. Vanguard Morningstar Value ETF922908744
    +1.27 pp24.0% → 25.3%
  2. iShares Core MSCI Eafe ETF46432F842
    +0.72 pp5.1% → 5.8%
  3. Schwab U.S. Large-Cap Growth ETF808524300
    +0.32 pp3.4% → 3.7%
  4. iShares Ibonds Dec 2025 Term Corporate ETF46434VBD1
    +0.24 pp1.0% → 1.3%
  5. iShares Ibonds Dec 2026 Term Corporate ETF46435GAA0
    +0.23 pp0.9% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional ETF Trust25434V401
    −$875.9KReduced
  2. PGProcter & Gamble Co
    −$423.8KReducedHistory
  3. Dimensional ETF Trust25434V203
    −$409.1KSold out
  4. Dimensional ETF Trust25434V724
    −$319.6KReduced
  5. iShares S&P Small-Cap 600 Growth ETF464287887
    −$301.9KSold out

Largest weight decreases

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

  1. Dimensional ETF Trust25434V401
    −0.21 pp0.3% → 0.1%
  2. Vanguard S&P 500 ETF922908363
    −0.10 pp1.3% → 1.2%
  3. NVDANVIDIA Corp
    −0.10 pp0.4% → 0.3%History
  4. AAPLApple Inc.
    −0.10 pp0.8% → 0.7%History
  5. Dimensional ETF Trust25434V203
    −0.09 pp0.1% → 0.0%

Metrics

13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$456.5M
−$3.72M (−0.8%) vs. prior quarter
Positions
105
−9 vs. prior quarter
Top 10 concentration
79.6%
Top 10 as share of value
Turnover
1.7%
Q1 2025, one quarter
Average holding period
12.2 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 (Q1 2022), so positions held before then are understated.

13F filings by quarter

13 quarters, going back to Q1 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $460.2M (Q4 2024)

Q1 2022: $66.9MQ2 2022: $83.8MQ3 2022: $108.0MQ4 2022: $139.7MQ1 2023: $164.7MQ2 2023: $207.6MQ3 2023: $207.3MQ4 2023: $264.1MQ1 2024: $306.9MQ2 2024: $359.6MQ3 2024: $424.4MQ4 2024: $460.2MQ1 2025: $456.5M
Q1 2022Q1 2025
13F filings of Safeguard Financial, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025Apr 11, 2025105$456.5MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Jan 14, 2025114$460.2MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q3 2024SEC
Q3 2024Oct 15, 2024125$424.4MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q2 2024SEC
Q2 2024Aug 7, 2024100$359.6MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q1 2024SEC
Q1 2024Apr 10, 202481$306.9MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q4 2023SEC
Q4 2023Jan 30, 202479$264.1MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q3 2023SEC
Q3 2023Oct 30, 202372$207.3MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Small-Cap Value ETFvs. Q2 2023SEC
Q2 2023Aug 7, 2023605$207.6MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Ftse Developed Markets ETFvs. Q1 2023SEC
Q1 2023Apr 26, 202370$164.7MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Ftse Developed Markets ETFvs. Q4 2022SEC
Q4 2022Jan 10, 202367$139.7MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Ftse Developed Markets ETFvs. Q3 2022SEC
Q3 2022Nov 7, 202249$108.0MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Ftse Developed Markets ETFvs. Q2 2022SEC
Q2 2022Aug 3, 202243$83.8MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Ftse Developed Markets ETFvs. Q1 2022SEC
Q1 2022Apr 19, 202248$66.9MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Ftse Developed Markets ETF–SEC