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Livermore
Livermore
ZHEN

Brave Asset Management Inc

SEC CIK
0001085867
Latest filing
Jul 8, 2026

The latest 13F from Brave Asset Management Inc covers Q2 2026 (filed Jul 8, 2026): 146 long positions worth $467.5M. The top 10 holdings make up 64.2% of the portfolio, and the largest is iShares Tr at 13.4%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: 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
13
Est. +$6.52M
Added
18
Est. +$15.4M
Reduced
49
Est. −$6.96M
Sold out
23
Est. −$20.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464288877
    13.4%$62.8M
  2. State Street Technology Select Sector SPDR ETF81369Y803
    11.2%$52.1M
  3. iShares Core U.S. Aggregate Bond ETF464287226
    8.1%$37.9M
  4. ZDZiff Davis, Inc.
    5.3%$24.6MHistory
  5. AAPLApple Inc.
    5.2%$24.2MHistory

Share of portfolio

Top 5 holdings and the other 141 positions, by share of portfolio value

  1. iShares Tr13.4%
  2. State Street Technology Select Sector SPDR ETF11.2%
  3. iShares Core U.S. Aggregate Bond ETF8.1%
  4. ZD5.3%
  5. AAPL5.2%
  6. Other 141 positions56.9%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288877
    +$6.34MAdded
  2. iShares Tr464287457
    +$2.55MNew
  3. XOMExxonMobil Holdings Corp
    +$2.35MAddedHistory
  4. SPYSPDR S&P 500 ETF Trust
    +$1.42MAddedHistory
  5. Vanguard Ftse All-World Ex-US Index Fund922042775
    +$1.22MAdded

Largest weight increases

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

  1. State Street Technology Select Sector SPDR ETF81369Y803
    +2.70 pp8.5% → 11.2%
  2. iShares Tr464287457
    +0.55 pp0.0% → 0.5%
  3. GOOGAlphabet Inc.
    +0.49 pp4.2% → 4.7%History
  4. SPYSPDR S&P 500 ETF Trust
    +0.46 pp4.7% → 5.1%History
  5. XOMExxonMobil Holdings Corp
    +0.42 pp0.3% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. IAUiShares Gold Trust
    −$15.2MSold outHistory
  2. iShares Core U.S. Aggregate Bond ETF464287226
    −$1.68MReduced
  3. AAPLApple Inc.
    −$978.9KReducedHistory
  4. HONHoneywell International Inc
    −$921.8KSold outHistory
  5. iShares Tr464288687
    −$891.4KSold out

Largest weight decreases

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

  1. IAUiShares Gold Trust
    −3.60 pp3.6% → 0.0%History
  2. iShares Core U.S. Aggregate Bond ETF464287226
    −1.33 pp9.4% → 8.1%
  3. HONHoneywell International Inc
    −0.22 pp0.2% → 0.0%History
  4. iShares Tr464288687
    −0.21 pp0.2% → 0.0%
  5. VZVerizon Communications Inc
    −0.18 pp0.4% → 0.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$467.5M
+$46.7M (+11.1%) vs. prior quarter
Positions
146
−10 vs. prior quarter
Top 10 concentration
64.2%
Top 10 as share of value
Turnover
4.9%
Q2 2026, one quarter
Average holding period
18.4 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

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

Peak $467.5M (Q2 2026)

Q1 2021: $295.3MQ2 2021: $339.6MQ3 2021: $346.2MQ4 2021: $365.2MQ1 2022: $290.0MQ2 2022: $222.5MQ3 2022: $194.6MQ4 2022: $294.7MQ1 2023: $314.4MQ2 2023: $340.9MQ3 2023: $327.2MQ4 2023: $355.0MQ1 2024: $385.2MQ2 2024: $392.5MQ3 2024: $402.6MQ4 2024: $314.5MQ1 2025: $318.1MQ2 2025: $367.3MQ3 2025: $409.4MQ4 2025: $423.9MQ1 2026: $420.8MQ2 2026: $467.5M
Q1 2021Q2 2026
13F filings of Brave Asset Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 8, 2026146$467.5MiShares TrState Street Technology Select Sector SPDR ETFiShares Core U.S. Aggregate Bond ETFvs. Q1 2026SEC
Q1 2026Apr 17, 2026156$420.8MiShares TriShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFvs. Q4 2025SEC
Q4 2025Jan 8, 2026166$423.9MiShares TrState Street Technology Select Sector SPDR ETFiShares Core U.S. Aggregate Bond ETFvs. Q3 2025SEC
Q3 2025Oct 21, 2025168$409.4MiShares TriShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFvs. Q2 2025SEC
Q2 2025Jul 16, 2025165$367.3MiShares TriShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFvs. Q1 2025SEC
Q1 2025Apr 10, 2025160$318.1MiShares TrState Street Technology Select Sector SPDR ETFSPYvs. Q4 2024SEC
Q4 2024Jan 14, 2025162$314.5MState Street Technology Select Sector SPDR ETFiShares TrAAPLvs. Q3 2024SEC
Q3 2024Oct 10, 2024165$402.6MiShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFiShares Trvs. Q2 2024SEC
Q2 2024Jul 15, 2024158$392.5MiShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024Apr 30, 2024165$385.2MiShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Jan 18, 2024155$355.0MiShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Oct 13, 2023151$327.2MiShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFiShares Trvs. Q2 2023SEC
Q2 2023Jul 24, 2023150$340.9MiShares Core U.S. Aggregate Bond ETFState Street Technology Select Sector SPDR ETFZDvs. Q1 2023SEC
Q1 2023Apr 12, 2023145$314.4MiShares Core U.S. Aggregate Bond ETFZDState Street Technology Select Sector SPDR ETFvs. Q4 2022SEC
Q4 2022Jan 20, 2023146$294.7MiShares Core U.S. Aggregate Bond ETFZDiShares Trvs. Q3 2022SEC
Q3 2022Oct 13, 2022147$194.6MZDState Street Technology Select Sector SPDR ETFAAPLvs. Q2 2022SEC
Q2 2022Jul 15, 2022143$222.5MiShares Core U.S. Aggregate Bond ETFZDState Street Technology Select Sector SPDR ETFvs. Q1 2022SEC
Q1 2022Apr 22, 2022155$290.0MZDiShares S&P 500 Value ETFState Street Technology Select Sector SPDR ETFvs. Q4 2021SEC
Q4 2021Jan 21, 2022155$365.2MiShares Core U.S. Aggregate Bond ETFZDiShares S&P 500 Value ETFvs. Q3 2021SEC
Q3 2021Nov 2, 2021154$346.2MiShares Core U.S. Aggregate Bond ETFZDiShares S&P 500 Value ETFvs. Q2 2021SEC
Q2 2021Jul 27, 2021155$339.6MiShares Core U.S. Aggregate Bond ETFZDiShares S&P 500 Value ETFvs. Q1 2021SEC
Q1 2021Apr 26, 2021144$295.3MiShares Core U.S. Aggregate Bond ETFZDiShares S&P 500 Value ETF–SEC