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HTLF Bank

SEC CIK
0002003343
Latest filing
Jan 28, 2025

The latest 13F from HTLF Bank covers Q4 2024 (filed Jan 28, 2025): 217 long positions worth $884.8M. The top 10 holdings make up 47.4% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 7.9%. Livermore has 5 filings on Form 13F from this institution, going back to Q4 2023.

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
11
Est. +$6.83M
Added
31
Est. +$4.28M
Reduced
122
Est. −$36.0M
Sold out
26
Est. −$6.66M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    7.9%$69.7M
  2. Vanguard Morningstar Value ETF922908744
    7.2%$64.0M
  3. HTLFHeartland Financial USA Inc
    7.2%$63.7MHistory
  4. VanEck ETF Trust92189H201
    6.6%$58.6M
  5. iShares Tr464288877
    3.9%$34.3M

Biggest buys

New and added positions, by estimated amount bought

  1. DELLDell Technologies Inc.
    +$4.21MNewHistory
  2. iShares Tr464288588
    +$923.1KAdded
  3. RWAYRunway Growth Finance Corp.
    +$559.7KAddedHistory
  4. Vanguard Morningstar Total Stock Market ETF922908769
    +$481.4KAdded
  5. ILPTIndustrial Logistics Properties Trust
    +$480.3KAddedHistory

Largest weight increases

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

  1. DELLDell Technologies Inc.
    +0.48 pp0.0% → 0.5%History
  2. Vanguard Morningstar Total Stock Market ETF922908769
    +0.11 pp0.8% → 0.9%
  3. iShares Tr464288588
    +0.10 pp0.4% → 0.5%
  4. SPDR Series Trust78468R739
    +0.09 pp3.3% → 3.4%
  5. RWAYRunway Growth Finance Corp.
    +0.07 pp<0.1% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HTLFHeartland Financial USA Inc
    −$7.86MReducedHistory
  2. BLKBlackRock, Inc.
    −$6.74MReducedHistory
  3. AVGOBroadcom Inc.
    −$4.91MReducedHistory
  4. Vanguard Morningstar Growth ETF922908736
    −$1.70MReduced
  5. ROSTRoss Stores, Inc.
    −$1.19MSold outHistory

Largest weight decreases

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

  1. BLKBlackRock, Inc.
    −0.69 pp0.7% → 0.1%History
  2. iShares Tr464288885
    −0.27 pp4.1% → 3.8%
  3. iShares Tr464288877
    −0.22 pp4.1% → 3.9%
  4. AMGNAmgen Inc
    −0.16 pp1.0% → 0.8%History
  5. ROSTRoss Stores, Inc.
    −0.13 pp0.1% → 0.0%History

Metrics

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

Portfolio value
$884.8M
−$35.9M (−3.9%) vs. prior quarter
Positions
217
−15 vs. prior quarter
Top 10 concentration
47.4%
Top 10 as share of value
Turnover
1.2%
Q4 2024, one quarter
Average holding period
4.9 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 2023), so positions held before then are understated.

13F filings by quarter

5 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $920.7M (Q3 2024)

Q4 2023: $848.2MQ1 2024: $870.7MQ2 2024: $878.9MQ3 2024: $920.7MQ4 2024: $884.8M
Q4 2023Q4 2024
13F filings of HTLF Bank by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2024Jan 28, 2025217$884.8MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFHTLFvs. Q3 2024SEC
Q3 2024Oct 15, 2024232$920.7MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFHTLFvs. Q2 2024SEC
Q2 2024Jul 23, 2024244$878.9MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFHTLFvs. Q1 2024SEC
Q1 2024Apr 25, 2024245$870.7MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFHTLFvs. Q4 2023SEC
Q4 2023Jan 31, 2024240$848.2MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFHTLF–SEC