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Livermore
Livermore
ZHEN

Forte Capital LLC

SEC CIK
0001022314
Latest filing
Jul 15, 2025

The latest 13F from Forte Capital LLC covers Q2 2025 (filed Jul 15, 2025): 239 long positions worth $930.3M. The top 10 holdings make up 34.4% of the portfolio, and the largest is Schwab U.S. Large-Cap Growth ETF at 5.0%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2025

Share counts compared with Q1 2025: 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
8
Est. +$3.04M
Added
89
Est. +$13.6M
Reduced
117
Est. −$22.5M
Sold out
5
Est. −$2.92M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap Growth ETF808524300
    5.0%$46.3M
  2. AAPLApple Inc.
    5.0%$46.3MHistory
  3. NVDANVIDIA Corp
    3.9%$36.7MHistory
  4. iShares MSCI USA Quality Factor ETF46432F339
    3.9%$36.2M
  5. Vanguard Morningstar Value ETF922908744
    3.6%$33.8M

Share of portfolio

Top 5 holdings and the other 234 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap Growth ETF5.0%
  2. AAPL5.0%
  3. NVDA3.9%
  4. iShares MSCI USA Quality Factor ETF3.9%
  5. Vanguard Morningstar Value ETF3.6%
  6. Other 234 positions78.6%

Biggest buys

New and added positions, by estimated amount bought

  1. ANETArista Networks, Inc.
    +$2.62MAddedHistory
  2. AMTAmerican Tower Corp
    +$1.97MAddedHistory
  3. State Street Utilities Select Sector SPDR ETF81369Y886
    +$1.88MAdded
  4. State Street Energy Select Sector SPDR ETF81369Y506
    +$1.13MNew
  5. FANGDiamondback Energy, Inc.
    +$674.8KAddedHistory

Largest weight increases

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

  1. CLSCelestica Inc
    +0.94 pp1.2% → 2.1%History
  2. ANETArista Networks, Inc.
    +0.38 pp0.5% → 0.9%History
  3. AGXArgan Inc
    +0.38 pp0.7% → 1.1%History
  4. AMTAmerican Tower Corp
    +0.20 pp0.1% → 0.3%History
  5. State Street Utilities Select Sector SPDR ETF81369Y886
    +0.13 pp1.1% → 1.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab U.S. Large-Cap Growth ETF808524300
    −$4.93MReduced
  2. iShares MSCI USA Quality Factor ETF46432F339
    −$2.58MReduced
  3. NETCloudflare, Inc.
    −$1.88MReducedHistory
  4. Vanguard Morningstar Value ETF922908744
    −$1.24MReduced
  5. UNHUnitedHealth Group Inc
    −$1.12MSold outHistory

Largest weight decreases

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

  1. AAPLApple Inc.
    −1.05 pp6.0% → 5.0%History
  2. Vanguard Morningstar Value ETF922908744
    −0.43 pp4.1% → 3.6%
  3. iShares MSCI USA Quality Factor ETF46432F339
    −0.41 pp4.3% → 3.9%
  4. MAMastercard Inc
    −0.27 pp2.7% → 2.5%History
  5. TJXTJX Companies Inc
    −0.24 pp2.4% → 2.2%History

Metrics

13F metrics for Q2 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$930.3M
+$87.3M (+10.4%) vs. prior quarter
Positions
239
+3 vs. prior quarter
Top 10 concentration
34.4%
Top 10 as share of value
Turnover
1.9%
Q2 2025, one quarter
Average holding period
14.3 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 (Q1 2021), so positions held before then are understated.

13F filings by quarter

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

Peak $930.3M (Q2 2025)

Q1 2021: $647.7MQ2 2021: $733.7MQ3 2021: $738.3MQ4 2021: $792.5MQ1 2022: $791.0MQ2 2022: $574.2MQ3 2022: $551.8MQ4 2022: $581.9MQ1 2023: $653.4MQ2 2023: $693.8MQ3 2023: $649.2MQ4 2023: $730.7MQ1 2024: $808.2MQ2 2024: $828.2MQ3 2024: $884.0MQ4 2024: $889.5MQ1 2025: $843.0MQ2 2025: $930.3M
Q1 2021Q2 2025
13F filings of Forte Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2025Jul 15, 2025239$930.3MSchwab U.S. Large-Cap Growth ETFAAPLNVDAvs. Q1 2025SEC
Q1 2025May 2, 2025236$843.0MAAPLSchwab U.S. Large-Cap Growth ETFiShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Feb 3, 2025229$889.5MAAPLSchwab U.S. Large-Cap Growth ETFiShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Oct 31, 2024236$884.0MAAPLSchwab U.S. Large-Cap Growth ETFiShares MSCI USA Quality Factor ETFvs. Q2 2024SEC
Q2 2024Aug 13, 2024231$828.2MAAPLSchwab U.S. Large-Cap Growth ETFiShares MSCI USA Quality Factor ETFvs. Q1 2024SEC
Q1 2024May 14, 2024232$808.2MSchwab U.S. Large-Cap Growth ETFAAPLVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023Feb 6, 2024226$730.7MAAPLSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFvs. Q3 2023SEC
Q3 2023Nov 13, 2023207$649.2MAAPLSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFvs. Q2 2023SEC
Q2 2023Aug 9, 2023210$693.8MAAPLSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFvs. Q1 2023SEC
Q1 2023May 11, 2023210$653.4MAAPLVanguard Morningstar Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023200$581.9MAAPLVanguard Morningstar Value ETFMAvs. Q3 2022SEC
Q3 2022Oct 21, 2022187$551.8MAAPLVanguard Morningstar Value ETFAMZNvs. Q2 2022SEC
Q2 2022Aug 9, 2022Amended198$574.2MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2022SEC
Q1 2022Apr 29, 2022223$791.0MAAPLInvesco Exchange Traded FD TVanguard Morningstar Value ETFvs. Q4 2021SEC
Q4 2021Jan 20, 2022222$792.5MAAPLInvesco Exchange Traded FD TVanguard Morningstar Value ETFvs. Q3 2021SEC
Q3 2021Oct 27, 2021217$738.3MAAPLInvesco Exchange Traded FD TAMZNvs. Q2 2021SEC
Q2 2021Jul 28, 2021216$733.7MAAPLInvesco Exchange Traded FD TAMZNvs. Q1 2021SEC
Q1 2021Apr 22, 2021206$647.7MAAPLInvesco Exchange Traded FD TAMZN–SEC