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Livermore
Livermore
ZHEN

Absolute Investment Advisers LLC

SEC CIK
0001316187
Latest filing
Jul 21, 2026

The latest 13F from Absolute Investment Advisers LLC covers Q2 2026 (filed Jul 21, 2026): 112 long positions worth $1.03B. The top 10 holdings make up 22.5% of the portfolio, and the largest is MKS Inc at 3.5%. Livermore has 23 filings on Form 13F from this institution, going back to Q3 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
23
Est. +$204.3M
Added
23
Est. +$44.2M
Reduced
28
Est. −$57.8M
Sold out
33
Est. −$109.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. MKS Inc55306NAB0
    3.5%$36.1M
  2. Granite Constr Inc387328AF4
    3.0%$31.5M
  3. Applied Optoelectronics, Inc.03823UAE2
    2.4%$25.0M
  4. Semtech Corp816850AF8
    2.3%$23.8M
  5. Halozyme Therapeutics, Inc.40637HAF6
    2.0%$20.4M

Share of portfolio

Top 5 holdings and the other 107 positions, by share of portfolio value

  1. MKS Inc3.5%
  2. Granite Constr Inc3.0%
  3. Applied Optoelectronics, Inc.2.4%
  4. Semtech Corp2.3%
  5. Halozyme Therapeutics, Inc.2.0%
  6. Other 107 positions86.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Etsy Inc29786AAQ9
    +$20.0MNew
  2. Integer Hldgs Corp45826HAD1
    +$19.2MNew
  3. A10 Networks, Inc.002121AB7
    +$18.6MNew
  4. Merit Med Sys Inc589889AB0
    +$16.2MNew
  5. TYGTortoise Energy Infrastructure Corp
    +$14.5MNewHistory

Largest weight increases

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

  1. Etsy Inc29786AAQ9
    +1.93 pp0.0% → 1.9%
  2. Integer Hldgs Corp45826HAD1
    +1.86 pp0.0% → 1.9%
  3. A10 Networks, Inc.002121AB7
    +1.80 pp0.0% → 1.8%
  4. Merit Med Sys Inc589889AB0
    +1.56 pp0.0% → 1.6%
  5. TYGTortoise Energy Infrastructure Corp
    +1.40 pp0.0% → 1.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. WisdomTree, Inc.97717PAH7
    −$12.5MSold out
  2. BTXBlackRock Technology & Private Equity Term Trust
    −$10.2MSold outHistory
  3. Lci Inds501812AB7
    −$8.16MSold out
  4. Bandwidth Inc.05988JAD5
    −$8.15MSold out
  5. Veeco Instrs Inc Del922417AJ9
    −$7.97MReduced

Largest weight decreases

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

  1. WisdomTree, Inc.97717PAH7
    −1.46 pp1.5% → 0.0%
  2. BTXBlackRock Technology & Private Equity Term Trust
    −1.20 pp1.2% → 0.0%History
  3. Lci Inds501812AB7
    −0.96 pp1.0% → 0.0%
  4. Bandwidth Inc.05988JAD5
    −0.96 pp1.0% → 0.0%
  5. HYTBlackRock Corporate High Yield Fund, Inc.
    −0.81 pp1.2% → 0.4%History

Metrics

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

Portfolio value
$1.03B
+$182.7M (+21.4%) vs. prior quarter
Positions
112
−10 vs. prior quarter
Top 10 concentration
22.5%
Top 10 as share of value
Turnover
17.7%
Q2 2026, one quarter
Average holding period
5.6 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 (Q3 2021), so positions held before then are understated.

13F filings by quarter

20 quarters, going back to Q3 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.03B (Q2 2026)

Q3 2021: $285.4MQ4 2021: $307.5MQ1 2022: $446.9MQ2 2022: $500.6MQ3 2022: $562.5MQ4 2022: $666.2MQ1 2023: $677.3MQ2 2023: $711.6MQ3 2023: $699.1MQ4 2023: $685.3MQ1 2024: $732.7MQ2 2024: $674.2MQ3 2024: $732.4MQ4 2024: $777.5MQ1 2025: $683.3MQ2 2025: $808.4MQ3 2025: $796.3MQ4 2025: $877.1MQ1 2026: $852.1MQ2 2026: $1.03B
Q3 2021Q2 2026
13F filings of Absolute Investment Advisers LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 2026112$1.03BMKS IncGranite Constr IncApplied Optoelectronics, Inc.vs. Q1 2026SEC
Q1 2026Apr 22, 2026122$852.1MGranite Constr IncMKS IncPatkvs. Q4 2025SEC
Q4 2025Jan 28, 2026121$877.1MGranite Constr IncPatkHalozyme Therapeutics, Inc.vs. Q3 2025SEC
Q3 2025Oct 20, 2025107$796.3MGranite Constr IncHalozyme Therapeutics, Inc.Patkvs. Q2 2025SEC
Q2 2025Jul 15, 2025115$808.4MGranite Constr IncBTXFluor Corpvs. Q1 2025SEC
Q1 2025Apr 29, 2025112$683.3MFluor CorpHalozyme Therapeutics, Inc.Patkvs. Q4 2024SEC
Q4 2024Jan 24, 2025121$777.5MInteger Hldgs CorpGranite Constr IncFluor Corpvs. Q3 2024SEC
Q3 2024Jan 30, 2025Amended121$732.4MInteger Hldgs CorpGranite Constr IncTetra Tech Incvs. Q2 2024SEC
Q2 2024Jan 31, 2025Amended115$674.2MInteger Hldgs CorpInfinera CorpAxon Enterprise, Inc.vs. Q1 2024SEC
Q1 2024Jan 31, 2025Amended125$732.7MInteger Hldgs CorpInfinera CorpAxon Enterprise, Inc.vs. Q4 2023SEC
Q4 2023Jan 31, 202486$685.3MMIDDLEBY CorpOrmat Technologies, Inc.Infinera Corpvs. Q3 2023SEC
Q3 2023Oct 20, 202390$699.1MWorkiva IncMGP Ingredients IncPeabody Engr Corpvs. Q2 2023SEC
Q2 2023Jul 28, 202396$711.6MWorkiva IncMGP Ingredients IncHelix Energy Solutions Grp Ivs. Q1 2023SEC
Q1 2023Apr 27, 2023103$677.3MWorkiva IncPeabody Engr CorpHelix Energy Solutions Grp Ivs. Q4 2022SEC
Q4 2022Feb 9, 2023107$666.2MAllscripts Healthcare SolutnMGP Ingredients IncHelix Energy Solutions Grp Ivs. Q3 2022SEC
Q3 2022Oct 11, 2022104$562.5MAllscripts Healthcare SolutnLumentum Hldgs IncParsons Corpvs. Q2 2022SEC
Q2 2022Jul 27, 2022105$500.6MKBR, Inc.Infinera CorpRapid7, Inc.vs. Q1 2022SEC
Q1 2022May 2, 202289$446.9MInfinera CorpKBR, Inc.Palo Alto Networks Incvs. Q4 2021SEC
Q4 2021Jan 27, 202266$307.5MSmart Global Hldgs IncVarex Imaging CorpInfinera Corpvs. Q3 2021SEC
Q3 2021Nov 3, 202162$285.4MWorkiva IncVarex Imaging CorpFive9, Inc.–SEC

13D and 13G filings

Companies where Absolute Investment Advisers LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Absolute Investment Advisers LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
HNWPioneer Diversified High Income Fund, Inc.13G14.80%1.23M sharesNewSep 25, 20251 filingSep 25, 2025SEC
PHDPioneer Floating Rate Fund, Inc.13G11.30%1.40M sharesNewSep 25, 20251 filingSep 25, 2025SEC

Latest filings

5 filings on file made by Absolute Investment Advisers LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Absolute Investment Advisers LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
DMADestra Multi-Alternative FundOct 17, 202512:48 PM ET13G/A3.20%286.6K shares−3.70 ppfrom 6.90%Below 5%Sep 30, 2025SEC
HNWPioneer Diversified High Income Fund, Inc.Sep 25, 20254:33 PM ET13G14.80%1.23M sharesNewSep 23, 2025SEC
PHDPioneer Floating Rate Fund, Inc.Sep 25, 20254:32 PM ET13G11.30%1.40M sharesNewSep 23, 2025SEC
DMADestra Multi-Alternative FundJul 15, 20255:11 PM ET13G/A6.90%618.1K shares−1.06 ppfrom 7.96%Jun 30, 2025SEC
DMADestra Multi-Alternative FundJan 17, 20259:38 AM ET13G7.96%713.8K sharesNewDec 31, 2024SEC