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Livermore
Livermore
ZHEN

Provence Wealth Management Group

SEC CIK
0001925991
Latest filing
Feb 6, 2024

The latest 13F from Provence Wealth Management Group covers Q4 2023 (filed Feb 6, 2024): 461 long positions worth $186.1M. The top 10 holdings make up 33.2% of the portfolio, and the largest is iShares Core S&P 500 ETF at 7.4%. Livermore has 9 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q4 2023

Share counts compared with Q3 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
14
Est. +$2.95M
Added
108
Est. +$17.0M
Reduced
91
Est. −$11.4M
Sold out
25
Est. −$1.51M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    7.4%$13.7M
  2. SPYSPDR S&P 500 ETF Trust
    6.2%$11.5MHistory
  3. AAPLApple Inc.
    3.8%$7.14MHistory
  4. iShares Tr46434V613
    2.6%$4.88M
  5. MSFTMicrosoft Corp
    2.6%$4.80MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. RBLXRoblox Corp
    +$989.4KNewHistory
  2. MSFTMicrosoft Corp
    +$954.8KAddedHistory
  3. AAPLApple Inc.
    +$926.3KAddedHistory
  4. AMZNAmazon Com Inc
    +$904.5KAddedHistory
  5. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$886.1KAdded

Largest weight increases

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

  1. MSFTMicrosoft Corp
    +0.60 pp2.0% → 2.6%History
  2. AMZNAmazon Com Inc
    +0.55 pp1.3% → 1.8%History
  3. RBLXRoblox Corp
    +0.53 pp0.0% → 0.5%History
  4. AAPLApple Inc.
    +0.45 pp3.4% → 3.8%History
  5. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +0.39 pp1.4% → 1.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$1.66MReduced
  2. iShares Tr464288885
    −$870.3KReduced
  3. iShares Tr46434V613
    −$806.9KReduced
  4. iShares Tr464288414
    −$688.0KReduced
  5. iShares MSCI USA Quality Factor ETF46432F339
    −$633.1KReduced

Largest weight decreases

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

  1. iShares Core S&P 500 ETF464287200
    −1.11 pp8.5% → 7.4%
  2. iShares Tr46434V613
    −0.69 pp3.3% → 2.6%
  3. iShares Tr464288414
    −0.55 pp2.5% → 1.9%
  4. iShares Tr464288885
    −0.51 pp2.4% → 1.9%
  5. iShares MSCI USA Quality Factor ETF46432F339
    −0.40 pp2.7% → 2.3%

Metrics

13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$186.1M
+$23.0M (+14.1%) vs. prior quarter
Positions
461
−11 vs. prior quarter
Top 10 concentration
33.2%
Top 10 as share of value
Turnover
7.4%
Q4 2023, one quarter
Average holding period
6.3 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

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

Peak $186.1M (Q4 2023)

Q4 2021: $88.4MQ1 2022: $87.4MQ2 2022: $76.2MQ3 2022: $76.6MQ4 2022: $122.6MQ1 2023: $150.2MQ2 2023: $170.3MQ3 2023: $163.1MQ4 2023: $186.1M
Q4 2021Q4 2023
13F filings of Provence Wealth Management Group by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Feb 6, 2024461$186.1MiShares Core S&P 500 ETFSPYAAPLvs. Q3 2023SEC
Q3 2023Nov 13, 2023472$163.1MiShares Core S&P 500 ETFSPYAAPLvs. Q2 2023SEC
Q2 2023Jul 24, 2023148$170.3MiShares Core S&P 500 ETFNVDASPYvs. Q1 2023SEC
Q1 2023Apr 27, 2023133$150.2MiShares Core S&P 500 ETFNVDASPYvs. Q4 2022SEC
Q4 2022Feb 2, 2023119$122.6MiShares Core S&P 500 ETFiShares TrNVDAvs. Q3 2022SEC
Q3 2022Oct 21, 202252$76.6MiShares Core S&P 500 ETFiShares TriShares Trvs. Q2 2022SEC
Q2 2022Jul 18, 202256$76.2MiShares Core S&P 500 ETFiShares TriShares Trvs. Q1 2022SEC
Q1 2022May 10, 202262$87.4MiShares Core S&P 500 ETFiShares TriShares Trvs. Q4 2021SEC
Q4 2021May 2, 202275$88.4MiShares Core S&P 500 ETFiShares TrSPY–SEC