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Livermore
Livermore
ZHEN

Kades & Cheifetz LLC

SEC CIK
0001957259
Latest filing
Jan 13, 2025

The latest 13F from Kades & Cheifetz LLC covers Q4 2024 (filed Jan 13, 2025): 108 long positions worth $195.4M. The top 10 holdings make up 42.3% of the portfolio, and the largest is Schwab US Dividend Equity ETF at 8.2%. Livermore has 9 filings on Form 13F from this institution, going back to Q4 2022.

What changed in Q4 2024

Share counts compared with Q3 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
18
Est. +$18.6M
Added
42
Est. +$14.7M
Reduced
42
Est. −$8.84M
Sold out
4
Est. −$1.86M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab US Dividend Equity ETF808524797
    8.2%$16.1M
  2. Vanguard Dividend Appreciation ETF921908844
    5.7%$11.2M
  3. Strategy Shares Nasdaq 7HANDL Index ETF86280R506
    4.9%$9.64M
  4. SPDR Series Trust78464A201
    4.6%$9.01M
  5. AAPLApple Inc.
    4.3%$8.36MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +$5.06MNew
  2. Vanguard Scottsdale FDS92206C102
    +$3.80MNew
  3. Vanguard Short-Term Bond ETF921937827
    +$3.36MAdded
  4. iShares Tr464288158
    +$2.71MAdded
  5. iShares MSCI USA Momentum Factor ETF46432F396
    +$2.46MNew

Largest weight increases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +2.59 pp0.0% → 2.6%
  2. Vanguard Scottsdale FDS92206C102
    +1.94 pp0.0% → 1.9%
  3. Vanguard Short-Term Bond ETF921937827
    +1.67 pp0.4% → 2.0%
  4. iShares Tr464288158
    +1.33 pp0.6% → 1.9%
  5. iShares MSCI USA Momentum Factor ETF46432F396
    +1.26 pp0.0% → 1.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Wellington FD921935870
    −$1.47MReduced
  2. AAPLApple Inc.
    −$1.37MReducedHistory
  3. Schwab Strategic Tr808524862
    −$1.18MReducedConverted for a 2-for-1 split
  4. MDTMedtronic plc
    −$847.7KSold outHistory
  5. CMICummins Inc
    −$600.5KReducedHistory

Largest weight decreases

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

  1. Schwab US Dividend Equity ETF808524797
    −1.33 pp9.6% → 8.2%
  2. Vanguard Wellington FD921935870
    −1.06 pp2.6% → 1.6%
  3. Schwab Strategic Tr808524862
    −0.96 pp2.9% → 2.0%
  4. Strategy Shares Nasdaq 7HANDL Index ETF86280R506
    −0.91 pp5.8% → 4.9%
  5. AAPLApple Inc.
    −0.90 pp5.2% → 4.3%History

Metrics

13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$195.4M
+$20.8M (+11.9%) vs. prior quarter
Positions
108
+14 vs. prior quarter
Top 10 concentration
42.3%
Top 10 as share of value
Turnover
5.8%
Q4 2024, one quarter
Average holding period
7.6 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

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

Peak $195.4M (Q4 2024)

Q4 2022: $119.6MQ1 2023: $126.8MQ2 2023: $130.4MQ3 2023: $126.3MQ4 2023: $141.1MQ1 2024: $156.2MQ2 2024: $159.0MQ3 2024: $174.6MQ4 2024: $195.4M
Q4 2022Q4 2024
13F filings of Kades & Cheifetz LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2024Jan 13, 2025108$195.4MSchwab US Dividend Equity ETFVanguard Dividend Appreciation ETFStrategy Shares Nasdaq 7HANDL Index ETFvs. Q3 2024SEC
Q3 2024Oct 2, 202494$174.6MSchwab US Dividend Equity ETFVanguard Dividend Appreciation ETFStrategy Shares Nasdaq 7HANDL Index ETFvs. Q2 2024SEC
Q2 2024Aug 12, 202492$159.0MSchwab US Dividend Equity ETFStrategy Shares Nasdaq 7HANDL Index ETFVanguard Dividend Appreciation ETFvs. Q1 2024SEC
Q1 2024May 6, 202490$156.2MSchwab US Dividend Equity ETFVanguard Dividend Appreciation ETFStrategy Shares Nasdaq 7HANDL Index ETFvs. Q4 2023SEC
Q4 2023Jan 30, 202480$141.1MSchwab US Dividend Equity ETFSPDR Series TrustVanguard Dividend Appreciation ETFvs. Q3 2023SEC
Q3 2023Oct 30, 202374$126.3MSchwab US Dividend Equity ETFSPDR Series TrustVanguard Dividend Appreciation ETFvs. Q2 2023SEC
Q2 2023Aug 7, 202375$130.4MSchwab US Dividend Equity ETFAAPLSPDR Series Trustvs. Q1 2023SEC
Q1 2023May 8, 202376$126.8MSchwab US Dividend Equity ETFSPDR Series TrustAAPLvs. Q4 2022SEC
Q4 2022Feb 3, 202374$119.6MSchwab US Dividend Equity ETFSPDR Series TrustSPDR–SEC