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Livermore
Livermore
ZHEN

Freedom Wealth Alliance, LLC

SEC CIK
0001941346
Latest filing
Oct 30, 2023

The latest 13F from Freedom Wealth Alliance, LLC covers Q3 2023 (filed Oct 30, 2023): 47 long positions worth $60.8M. The top 10 holdings make up 77.5% of the portfolio, and the largest is Schwab U.S. Broad Market ETF at 22.1%. Livermore has 4 filings on Form 13F from this institution, going back to Q4 2022.

What changed in Q3 2023

Share counts compared with Q2 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
7
Est. +$485.1K
Added
15
Est. +$1.06M
Reduced
23
Est. −$2.07M
Sold out
24
Est. −$7.09M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Broad Market ETF808524102
    22.1%$13.5M
  2. Invesco S&P 500 Quality ETF46137V241
    12.1%$7.38M
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    8.7%$5.31M
  4. Victory Portfolios II92647N782
    8.4%$5.09M
  5. WisdomTree Tr97717X669
    7.2%$4.39M

Share of portfolio

Top 5 holdings and the other 42 positions, by share of portfolio value

  1. Schwab U.S. Broad Market ETF22.1%
  2. Invesco S&P 500 Quality ETF12.1%
  3. State Street SPDR Portfolio S&P 500 ETF8.7%
  4. Victory Portfolios II8.4%
  5. WisdomTree Tr7.2%
  6. Other 42 positions41.4%

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab U.S. Broad Market ETF808524102
    +$399.3KAdded
  2. GOOGAlphabet Inc.
    +$223.1KNewHistory
  3. Amplify ETF Tr032108847
    +$196.6KAdded
  4. Invesco S&P 500 Quality ETF46137V241
    +$122.4KAdded
  5. First Tr Exchange Traded FD33738R100
    +$70.1KAdded

Largest weight increases

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

  1. Schwab U.S. Broad Market ETF808524102
    +2.90 pp19.2% → 22.1%
  2. Invesco S&P 500 Quality ETF46137V241
    +1.81 pp10.3% → 12.1%
  3. Amplify ETF Tr032108847
    +0.95 pp6.1% → 7.1%
  4. GOOGAlphabet Inc.
    +0.37 pp0.0% → 0.4%History
  5. First Tr Exchange-Traded FD33733E104
    +0.34 pp2.0% → 2.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SGOLabrdn Gold ETF Trust
    −$747.4KSold outHistory
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −$628.8KSold out
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    −$464.0KReduced
  4. CRESYCresud Inc
    −$462.1KSold outHistory
  5. IBMInternational Business Machines Corp
    −$400.8KSold outHistory

Largest weight decreases

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

  1. SGOLabrdn Gold ETF Trust
    −1.04 pp1.0% → 0.0%History
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −0.88 pp0.9% → 0.0%
  3. CRESYCresud Inc
    −0.65 pp0.6% → 0.0%History
  4. IBMInternational Business Machines Corp
    −0.56 pp0.6% → 0.0%History
  5. VanEck ETF Trust92189H300
    −0.50 pp0.5% → 0.0%

Metrics

13F metrics for Q3 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$60.8M
−$10.8M (−15.1%) vs. prior quarter
Positions
47
−17 vs. prior quarter
Top 10 concentration
77.5%
Top 10 as share of value
Turnover
2.3%
Q3 2023, one quarter
Average holding period
4.0 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 2022), so positions held before then are understated.

13F filings by quarter

4 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $71.6M (Q2 2023)

Q4 2022: $70.9MQ1 2023: $66.6MQ2 2023: $71.6MQ3 2023: $60.8M
Q4 2022Q3 2023
13F filings of Freedom Wealth Alliance, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Oct 30, 202347$60.8MSchwab U.S. Broad Market ETFInvesco S&P 500 Quality ETFState Street SPDR Portfolio S&P 500 ETFvs. Q2 2023SEC
Q2 2023Jul 18, 202364$71.6MSchwab U.S. Broad Market ETFInvesco S&P 500 Quality ETFState Street SPDR Portfolio S&P 500 ETFvs. Q1 2023SEC
Q1 2023Apr 25, 202363$66.6MSchwab U.S. Broad Market ETFInvesco S&P 500 Quality ETFVictory Portfolios IIvs. Q4 2022SEC
Q4 2022Feb 14, 2023482$70.9MSchwab U.S. Broad Market ETFVictory Portfolios IIInvesco S&P 500 Quality ETF–SEC