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Livermore
Livermore
ZHEN

Guild Investment Management, Inc.

SEC CIK
0001317802
Latest filing
Jul 28, 2026

The latest 13F from Guild Investment Management, Inc. covers Q2 2026 (filed Jul 28, 2026): 59 long positions worth $146.4M. The top 10 holdings make up 53.3% of the portfolio, and the largest is Global X FDS at 9.6%. 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
18
Est. +$15.6M
Added
16
Est. +$6.67M
Reduced
12
Est. −$21.5M
Sold out
6
Est. −$2.24M

Top 5 holdings

Share of this quarter's portfolio value

  1. Global X FDS37960A438
    9.6%$14.1M
  2. PHYSSprott Physical Gold Trust
    7.6%$11.1MHistory
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    7.0%$10.3M
  4. Vanguard Malvern FDS922020805
    5.7%$8.30M
  5. NVDANVIDIA Corp
    5.6%$8.25MHistory

Share of portfolio

Top 5 holdings and the other 54 positions, by share of portfolio value

  1. Global X FDS9.6%
  2. PHYS7.6%
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF7.0%
  4. Vanguard Malvern FDS5.7%
  5. NVDA5.6%
  6. Other 54 positions64.5%

Biggest buys

New and added positions, by estimated amount bought

  1. First Tr Exch TRD Alphdx FD33737J158
    +$4.35MNew
  2. FSLRFirst Solar, Inc.
    +$4.04MNewHistory
  3. NXSTNexstar Media Group, Inc.
    +$3.27MAddedHistory
  4. VGVenture Global, Inc.
    +$1.43MNewHistory
  5. Global X Uranium ETF37954Y871
    +$1.07MNew

Largest weight increases

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

  1. First Tr Exch TRD Alphdx FD33737J158
    +2.97 pp0.0% → 3.0%
  2. FSLRFirst Solar, Inc.
    +2.76 pp0.0% → 2.8%History
  3. NXSTNexstar Media Group, Inc.
    +2.22 pp0.1% → 2.4%History
  4. VGVenture Global, Inc.
    +0.98 pp0.0% → 1.0%History
  5. QCOMQualcomm Inc
    +0.85 pp1.7% → 2.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DELLDell Technologies Inc.
    −$10.3MReducedHistory
  2. Vanguard Malvern FDS922020805
    −$8.37MReduced
  3. NVDANVIDIA Corp
    −$1.08MReducedHistory
  4. MRVLMarvell Technology, Inc.
    −$1.02MSold outHistory
  5. VanEck ETF Trust92189F429
    −$792.6KReduced

Largest weight decreases

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

  1. Vanguard Malvern FDS922020805
    −6.18 pp11.8% → 5.7%
  2. MRVLMarvell Technology, Inc.
    −0.73 pp0.7% → 0.0%History
  3. DELLDell Technologies Inc.
    −0.62 pp4.3% → 3.6%History
  4. VanEck ETF Trust92189F429
    −0.57 pp1.1% → 0.5%
  5. GBTCGrayscale Bitcoin Trust ETF
    −0.45 pp2.5% → 2.1%History

Metrics

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

Portfolio value
$146.4M
+$6.49M (+4.6%) vs. prior quarter
Positions
59
+12 vs. prior quarter
Top 10 concentration
53.3%
Top 10 as share of value
Turnover
15.6%
Q2 2026, one quarter
Average holding period
10.6 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 (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 $146.4M (Q2 2026)

Q1 2021: $93.4MQ2 2021: $103.3MQ3 2021: $103.9MQ4 2021: $98.8MQ1 2022: $97.8MQ2 2022: $66.2MQ3 2022: $58.3MQ4 2022: $58.4MQ1 2023: $65.2MQ2 2023: $71.1MQ3 2023: $59.7MQ4 2023: $63.0MQ1 2024: $78.2MQ2 2024: $87.5MQ3 2024: $90.9MQ4 2024: $91.9MQ1 2025: $95.2MQ2 2025: $115.1MQ3 2025: $126.0MQ4 2025: $134.9MQ1 2026: $140.0MQ2 2026: $146.4M
Q1 2021Q2 2026
13F filings of Guild Investment Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 202659$146.4MGlobal X FDSPHYSState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2026SEC
Q1 2026Apr 20, 202647$140.0MVanguard Malvern FDSGlobal X FDSPHYSvs. Q4 2025SEC
Q4 2025Jan 21, 202649$134.9MPHYSGlobal X FDSState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2025SEC
Q3 2025Nov 5, 202550$126.0MPHYSGlobal X FDSState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q2 2025SEC
Q2 2025Jul 23, 202544$115.1MPHYSGlobal X FDSNVDAvs. Q1 2025SEC
Q1 2025May 6, 202543$95.2MState Street SPDR Bloomberg 1-3 Month T-Bill ETFPHYSGlobal X FDSvs. Q4 2024SEC
Q4 2024Feb 7, 202538$91.9MNVDAPHYSState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2024SEC
Q3 2024Oct 9, 202441$90.9MNVDAPHYSState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q2 2024SEC
Q2 2024Aug 12, 202452$87.5MNVDAPHYSState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2024SEC
Q1 2024Apr 26, 202448$78.2MPHYSNVDAState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2023SEC
Q4 2023Jan 12, 202448$63.0MPHYSNVDAVanEck ETF Trustvs. Q3 2023SEC
Q3 2023Nov 6, 202354$59.7MPHYSVanEck ETF TrustAAPLvs. Q2 2023SEC
Q2 2023Jul 20, 202359$71.1MPHYSVanEck ETF TrustAAPLvs. Q1 2023SEC
Q1 2023Apr 18, 202355$65.2MPHYSVanEck ETF TrustAAPLvs. Q4 2022SEC
Q4 2022Feb 3, 202354$58.4MPHYSVanEck ETF TrustAAPLvs. Q3 2022SEC
Q3 2022Oct 12, 202257$58.3MPHYSAAPLVanEck ETF Trustvs. Q2 2022SEC
Q2 2022Jul 29, 202265$66.2MPHYSAAPLVanEck ETF Trustvs. Q1 2022SEC
Q1 2022May 10, 202277$97.8MAAPLVanEck ETF TrustPHYSvs. Q4 2021SEC
Q4 2021Jan 18, 202279$98.8MAAPLVanEck ETF TrustABBVvs. Q3 2021SEC
Q3 2021Oct 26, 202172$103.9MAAPLProShares TrVanEck ETF Trustvs. Q2 2021SEC
Q2 2021Jul 28, 202166$103.3MVanEck ETF TrustProShares TrAAPLvs. Q1 2021SEC
Q1 2021Apr 19, 202170$93.4MProShares TrAAPLVanEck ETF Trust–SEC