Kaye Capital Management
- SEC CIK
- 0001111797
- Latest filing
- Aug 12, 2025
The latest 13F from Kaye Capital Management covers Q2 2025 (filed Aug 12, 2025): 41 long positions worth $260.0M. The top 10 holdings make up 69.6% of the portfolio, and the largest is iShares Core S&P 500 ETF at 15.7%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 2022.
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.
- New
- 1
- Est. +$4.51K
- Added
- 14
- Est. +$21.7M
- Reduced
- 22
- Est. −$22.2M
- Sold out
- 4
- Est. −$1.12M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF46428720015.7%$40.7M
- Vanguard Morningstar Value ETF92290874410.9%$28.4M
- Invesco QQQ Trust Series I46090E1038.0%$20.8M
- Invesco Exchange Traded FD T46137V5487.9%$20.7M
- iShares Tr4642875727.4%$19.1M
Share of portfolio
Top 5 holdings and the other 36 positions, by share of portfolio value
- iShares Core S&P 500 ETF15.7%
- Vanguard Morningstar Value ETF10.9%
- Invesco QQQ Trust Series I8.0%
- Invesco Exchange Traded FD T7.9%
- iShares Tr7.4%
- Other 36 positions50.1%
Biggest buys
New and added positions, by estimated amount bought
- Invesco Exch TRD SLF Idx FD46138J395+$4.61MAdded
- Dimensional ETF Trust25434V732+$4.46MAdded
- Invesco Exch TRD SLF Idx FD46138J791+$3.28MAdded
- Invesco Exch TRD SLF Idx FD46138J585+$3.09MAdded
- Invesco Nasdaq 100 ETF46138G649+$2.02MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Invesco Exch TRD SLF Idx FD46138J395+1.73 pp1.2% → 2.9%
- Dimensional ETF Trust25434V732+1.73 pp0.2% → 2.0%
- Invesco Exch TRD SLF Idx FD46138J791+1.22 pp0.7% → 2.0%
- Invesco Exch TRD SLF Idx FD46138J585+1.15 pp0.8% → 2.0%
- Invesco Nasdaq 100 ETF46138G649+0.98 pp1.8% → 2.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Invesco Exch TRD SLF Idx FD46138J825−$5.54MReduced
- Aim ETF Products Trust00888H828−$2.74MReduced
- iShares Core S&P 500 ETF464287200−$2.54MReduced
- Vanguard Morningstar Value ETF922908744−$2.08MReduced
- Invesco QQQ Trust Series I46090E103−$1.73MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Invesco Exch TRD SLF Idx FD46138J825−2.42 pp5.0% → 2.6%
- Vanguard Morningstar Value ETF922908744−1.24 pp12.2% → 10.9%
- Aim ETF Products Trust00888H828−0.99 pp4.8% → 3.8%
- Invesco Exch TRD SLF Idx FD46138J429−0.79 pp4.1% → 3.3%
- Aim ETF Products Trust00888H802−0.57 pp1.0% → 0.5%
Metrics
13F metrics for Q2 2025, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $260.0M
- +$15.0M (+6.1%) vs. prior quarter
- Positions
- 41
- −3 vs. prior quarter
- Top 10 concentration
- 69.6%
- Top 10 as share of value
- Turnover
- 8.6%
- Q2 2025, one quarter
- Average holding period
- 9.1 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
11 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $260.0M (Q2 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2025 | Aug 12, 2025 | 41 | $260.0M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco QQQ Trust Series I | vs. Q1 2025 | SEC |
| Q1 2025 | May 2, 2025 | 44 | $245.0M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco Exchange Traded FD T | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 15, 2025 | 39 | $220.5M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco QQQ Trust Series I | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 21, 2024 | 39 | $249.5M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco Exch TRD SLF Idx FD | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 22, 2024 | 37 | $237.5M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco Exch TRD SLF Idx FD | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 19, 2024 | 34 | $229.3M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco Exch TRD SLF Idx FD | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 29, 2024 | 38 | $223.5M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco Exch TRD SLF Idx FD | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 7, 2023 | 36 | $218.1M | iShares Core S&P 500 ETFInvesco Exch TRD SLF Idx FDVanguard Morningstar Value ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 24, 2023 | 30 | $205.7M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco Exchange Traded FD T | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 21, 2023 | 31 | $196.2M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco Exch TRD SLF Idx FD | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 19, 2023 | 27 | $191.4M | iShares Core S&P 500 ETFVanguard Morningstar Value ETFInvesco QQQ Trust Series I | – | SEC |