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Livermore
Livermore
ZHEN

Ratio Wealth Group

SEC CIK
0001971024
Latest filing
May 13, 2024

The latest 13F from Ratio Wealth Group covers Q1 2024 (filed May 13, 2024): 80 long positions worth $536.9M. The top 10 holdings make up 47.7% of the portfolio, and the largest is Vanguard Intermediate-Term Corporate Bond ETF at 8.3%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 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
7
Est. +$25.4M
Added
37
Est. +$24.6M
Reduced
21
Est. −$861.8K
Sold out
1
Est. −$208.8K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    8.3%$44.6M
  2. Vanguard S&P 500 ETF922908363
    5.6%$30.1M
  3. iShares Tr464288877
    4.9%$26.1M
  4. Global X FDS37954Y657
    4.7%$25.0M
  5. Vanguard Dividend Appreciation ETF921908844
    4.6%$24.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Columbia ETF Tr I19761L110
    +$20.6MNew
  2. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$7.22MAdded
  3. Vanguard Mun BD FDS922907746
    +$3.48MNew
  4. iShares Broad Usd Investment Grade Corporate Bond ETF464288620
    +$1.70MAdded
  5. Vanguard Ftse Developed Markets ETF921943858
    +$1.46MAdded

Largest weight increases

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

  1. Columbia ETF Tr I19761L110
    +3.84 pp0.0% → 3.8%
  2. Vanguard Mun BD FDS922907746
    +0.65 pp0.0% → 0.6%
  3. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +0.14 pp8.2% → 8.3%
  4. NVDANVIDIA Corp
    +0.14 pp0.2% → 0.3%History
  5. Global X FDS37954Y673
    +0.09 pp0.9% → 1.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ADBEAdobe Inc.
    −$208.8KSold outHistory
  2. BFSTBusiness First Bancshares, Inc.
    −$125.3KReducedHistory
  3. GOOGLAlphabet Inc.
    −$123.0KReducedHistory
  4. Vanguard Morningstar Mid-Cap Value ETF922908512
    −$102.9KReduced
  5. METAMeta Platforms, Inc.
    −$80.6KReducedHistory

Largest weight decreases

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

  1. BFSTBusiness First Bancshares, Inc.
    −0.19 pp0.7% → 0.6%History
  2. Invesco QQQ Trust Series I46090E103
    −0.17 pp2.4% → 2.2%
  3. Vanguard Morningstar Mid-Cap Value ETF922908512
    −0.16 pp1.8% → 1.7%
  4. ProShares Tr74348A467
    −0.13 pp1.5% → 1.3%
  5. AAPLApple Inc.
    −0.12 pp0.5% → 0.4%History

Metrics

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

Portfolio value
$536.9M
+$74.8M (+16.2%) vs. prior quarter
Positions
80
+6 vs. prior quarter
Top 10 concentration
47.7%
Top 10 as share of value
Turnover
0.2%
Q1 2024, one quarter
Average holding period
3.7 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 2021), so positions held before then are understated.

13F filings by quarter

12 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $536.9M (Q1 2024)

Q1 2021: $239.5MQ2 2021: $278.8MQ3 2021: $304.7MQ4 2021: $332.3MQ1 2022: $335.2MQ2 2022: $307.4MQ3 2022: $307.2MQ4 2022: $352.1MQ2 2023: $404.3MQ3 2023: $399.2MQ4 2023: $462.2MQ1 2024: $536.9M
Q1 2021Q1 2024
13F filings of Ratio Wealth Group by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024May 13, 202480$536.9MVanguard Intermediate-Term Corporate Bond ETFVanguard S&P 500 ETFiShares Trvs. Q4 2023SEC
Q4 2023Feb 13, 202474$462.2MVanguard Intermediate-Term Corporate Bond ETFVanguard S&P 500 ETFiShares Trvs. Q3 2023SEC
Q3 2023Nov 14, 202370$399.2MVanguard Intermediate-Term Corporate Bond ETFiShares TrVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Oct 10, 202367$404.3MVanguard Intermediate-Term Corporate Bond ETFiShares TrVanguard S&P 500 ETF–SEC
Q4 2022Mar 27, 202362$352.1MVanguard Intermediate-Term Corporate Bond ETFiShares TriShares Core MSCI Eafe ETFvs. Q3 2022SEC
Q3 2022Mar 27, 202360$307.2MiShares TrGlobal X FDSVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Mar 27, 202357$307.4MGlobal X FDSiShares TrVanguard S&P 500 ETFvs. Q1 2022SEC
Q1 2022Mar 27, 202357$335.2MVanguard S&P 500 ETFiShares TrGlobal X FDSvs. Q4 2021SEC
Q4 2021Mar 27, 202356$332.3MGlobal X FDSVanguard S&P 500 ETFInvesco QQQ Trust Series Ivs. Q3 2021SEC
Q3 2021Mar 27, 202362$304.7MGlobal X FDSVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETFvs. Q2 2021SEC
Q2 2021Mar 27, 202349$278.8MGlobal X FDSVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETFvs. Q1 2021SEC
Q1 2021Mar 27, 202347$239.5MVanguard S&P 500 ETFGlobal X FDSVanguard Ftse Emerging Markets ETF–SEC