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Livermore
Livermore
ZHEN

Spinnaker Trust

SEC CIK
0001158970
Latest filing
Aug 3, 2026

The latest 13F from Spinnaker Trust covers Q2 2026 (filed Aug 3, 2026): 309 long positions worth $2.06B. The top 10 holdings make up 42.2% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 9.9%. 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
27
Est. +$31.0M
Added
125
Est. +$58.4M
Reduced
77
Est. −$61.9M
Sold out
3
Est. −$3.16M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    9.9%$203.2M
  2. State Street Technology Select Sector SPDR ETF81369Y803
    7.2%$148.6M
  3. iShares Tr46435G516
    4.5%$93.3M
  4. iShares Tr464288802
    4.2%$87.3M
  5. iShares Tr46432F859
    3.2%$66.1M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core MSCI Total International Stock ETF46432F834
    +$17.6MNew
  2. Goldman Sachs ETF Tr381430230
    +$14.6MAdded
  3. BlackRock ETF Trust09290C103
    +$6.14MAdded
  4. iShares Inc464286772
    +$4.43MNew
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$3.94MAdded

Largest weight increases

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

  1. iShares Core MSCI Total International Stock ETF46432F834
    +0.85 pp0.0% → 0.9%
  2. Goldman Sachs ETF Tr381430230
    +0.60 pp0.9% → 1.5%
  3. iShares Semiconductor ETF464287523
    +0.47 pp0.5% → 1.0%
  4. BlackRock ETF Trust09290C103
    +0.35 pp1.9% → 2.3%
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.26 pp9.6% → 9.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Series Trust78464A664
    −$16.7MReduced
  2. iShares Tr46435G516
    −$14.5MReduced
  3. State Street Consumer Discretionary Select Sector SPDR ETF81369Y407
    −$3.78MReduced
  4. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    −$3.11MReduced
  5. State Street Industrial Select Sector SPDR ETF81369Y704
    −$2.93MReduced

Largest weight decreases

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

  1. iShares Tr46435G516
    −1.02 pp5.5% → 4.5%
  2. SPDR Series Trust78464A664
    −0.93 pp0.9% → <0.1%
  3. iShares Tr46432F859
    −0.49 pp3.7% → 3.2%
  4. State Street Consumer Discretionary Select Sector SPDR ETF81369Y407
    −0.25 pp1.2% → 0.9%
  5. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    −0.20 pp0.4% → 0.2%

Metrics

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

Portfolio value
$2.06B
+$252.7M (+14.0%) vs. prior quarter
Positions
309
+24 vs. prior quarter
Top 10 concentration
42.2%
Top 10 as share of value
Turnover
3.4%
Q2 2026, one quarter
Average holding period
18.0 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 $2.06B (Q2 2026)

Q1 2021: $1.33BQ2 2021: $1.44BQ3 2021: $1.44BQ4 2021: $1.56BQ1 2022: $1.48BQ2 2022: $1.30BQ3 2022: $1.21BQ4 2022: $1.28BQ1 2023: $1.32BQ2 2023: $1.38BQ3 2023: $1.33BQ4 2023: $1.47BQ1 2024: $1.55BQ2 2024: $1.56BQ3 2024: $1.62BQ4 2024: $1.59BQ1 2025: $1.53BQ2 2025: $1.66BQ3 2025: $1.80BQ4 2025: $1.87BQ1 2026: $1.81BQ2 2026: $2.06B
Q1 2021Q2 2026
13F filings of Spinnaker Trust by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 2026309$2.06BState Street SPDR Portfolio S&P 500 ETFState Street Technology Select Sector SPDR ETFiShares Trvs. Q1 2026SEC
Q1 2026Apr 23, 2026285$1.81BState Street SPDR Portfolio S&P 500 ETFState Street Technology Select Sector SPDR ETFiShares Trvs. Q4 2025SEC
Q4 2025Feb 10, 2026297$1.87BState Street SPDR Portfolio S&P 500 ETFState Street Technology Select Sector SPDR ETFiShares Trvs. Q3 2025SEC
Q3 2025Nov 5, 2025292$1.80BState Street SPDR Portfolio S&P 500 ETFState Street Technology Select Sector SPDR ETFiShares Trvs. Q2 2025SEC
Q2 2025Aug 4, 2025290$1.66BState Street SPDR Portfolio S&P 500 ETFState Street Technology Select Sector SPDR ETFiShares Trvs. Q1 2025SEC
Q1 2025Apr 25, 2025280$1.53BState Street SPDR Portfolio S&P 500 ETFiShares TrState Street Technology Select Sector SPDR ETFvs. Q4 2024SEC
Q4 2024Jan 30, 2025281$1.59BState Street SPDR Portfolio S&P 500 ETFState Street Technology Select Sector SPDR ETFiShares Trvs. Q3 2024SEC
Q3 2024Oct 31, 2024285$1.62BiShares TrState Street Technology Select Sector SPDR ETFiShares Trvs. Q2 2024SEC
Q2 2024Jul 31, 2024273$1.56BState Street Technology Select Sector SPDR ETFiShares TriShares Trvs. Q1 2024SEC
Q1 2024May 6, 2024268$1.55BiShares TrState Street Technology Select Sector SPDR ETFiShares Trvs. Q4 2023SEC
Q4 2023Feb 2, 2024270$1.47BiShares TrState Street Technology Select Sector SPDR ETFiShares Trvs. Q3 2023SEC
Q3 2023Nov 8, 2023268$1.33BiShares TriShares TrState Street Technology Select Sector SPDR ETFvs. Q2 2023SEC
Q2 2023Aug 1, 2023257$1.38BiShares TrState Street Technology Select Sector SPDR ETFiShares Trvs. Q1 2023SEC
Q1 2023Apr 13, 2023250$1.32BiShares TrState Street Technology Select Sector SPDR ETFiShares Trvs. Q4 2022SEC
Q4 2022Feb 2, 2023260$1.28BiShares TriShares TrState Street Technology Select Sector SPDR ETFvs. Q3 2022SEC
Q3 2022Oct 28, 2022261$1.21BiShares TriShares TrState Street Technology Select Sector SPDR ETFvs. Q2 2022SEC
Q2 2022Jul 25, 2022267$1.30BiShares TriShares TriShares Trvs. Q1 2022SEC
Q1 2022May 2, 2022275$1.48BiShares TriShares TriShares Trvs. Q4 2021SEC
Q4 2021Jan 31, 2022277$1.56BiShares TrMMMiShares Trvs. Q3 2021SEC
Q3 2021Nov 2, 2021267$1.44BiShares TrMMMiShares Trvs. Q2 2021SEC
Q2 2021Aug 9, 2021267$1.44BMMMiShares TriShares Trvs. Q1 2021SEC
Q1 2021Apr 30, 2021252$1.33BMMMiShares TriShares Tr–SEC