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Livermore
Livermore
ZHEN

BBR Partners, LLC

SEC CIK
0001352467
Latest filing
Aug 11, 2026

The latest 13F from BBR Partners, LLC covers Q2 2026 (filed Aug 11, 2026): 250 long positions worth $2.13B. The top 10 holdings make up 70.0% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 37.6%. 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
30
Est. +$34.2M
Added
38
Est. +$104.6M
Reduced
95
Est. −$12.5M
Sold out
33
Est. −$12.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    37.6%$801.7MHistory
  2. AB Active ETFs Inc00039J822
    10.4%$220.8M
  3. iShares Core S&P 500 ETF464287200
    7.9%$168.5M
  4. UPSUnited Parcel Service Inc
    3.8%$81.1MHistory
  5. AAPLApple Inc.
    2.6%$56.2MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$29.2MAdded
  2. iShares Russell 1000 Growth ETF464287614
    +$9.11MAddedConverted for a 4-for-1 split
  3. Vanguard Total World Stock ETF922042742
    +$7.84MAdded
  4. iShares Tr464288257
    +$7.68MAdded
  5. Vanguard Ftse Developed Markets ETF921943858
    +$7.15MAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +1.12 pp6.8% → 7.9%
  2. iShares Russell 1000 Growth ETF464287614
    +0.43 pp0.1% → 0.5%
  3. Vanguard Total World Stock ETF922042742
    +0.35 pp0.4% → 0.8%
  4. iShares Tr464288257
    +0.34 pp0.5% → 0.8%
  5. Vanguard Ftse Developed Markets ETF921943858
    +0.33 pp0.1% → 0.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$1.85MReducedHistory
  2. State Street Financial Select Sector SPDR ETF81369Y605
    −$1.22MReduced
  3. HUTHut 8 Corp.
    −$928.4KReducedHistory
  4. MLMMartin Marietta Materials Inc
    −$731.1KSold outHistory
  5. ITTItt Inc.
    −$657.5KSold outHistory

Largest weight decreases

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

  1. UPSUnited Parcel Service Inc
    −0.34 pp4.1% → 3.8%History
  2. XOMExxonMobil Holdings Corp
    −0.22 pp0.7% → 0.5%History
  3. AAPLApple Inc.
    −0.21 pp2.8% → 2.6%History
  4. MSFTMicrosoft Corp
    −0.20 pp1.2% → 1.0%History
  5. WMTWalmart Inc.
    −0.11 pp0.4% → 0.3%History

Metrics

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

Portfolio value
$2.13B
+$340.5M (+19.0%) vs. prior quarter
Positions
250
−3 vs. prior quarter
Top 10 concentration
70.0%
Top 10 as share of value
Turnover
1.3%
Q2 2026, one quarter
Average holding period
17.5 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 $2.13B (Q2 2026)

Q1 2021: $1.22BQ2 2021: $1.27BQ3 2021: $1.21BQ4 2021: $851.2MQ1 2022: $1.06BQ2 2022: $855.8MQ3 2022: $780.6MQ4 2022: $889.3MQ1 2023: $867.7MQ2 2023: $903.7MQ3 2023: $889.0MQ4 2023: $978.3MQ1 2024: $1.25BQ2 2024: $1.22BQ3 2024: $1.31BQ4 2024: $1.43BQ1 2025: $1.42BQ2 2025: $1.61BQ3 2025: $1.73BQ4 2025: $1.86BQ1 2026: $1.79BQ2 2026: $2.13B
Q1 2021Q2 2026
13F filings of BBR Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026250$2.13BSPYAB Active ETFs InciShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026May 12, 2026253$1.79BSPYAB Active ETFs InciShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025Feb 11, 2026267$1.86BSPYAB Active ETFs InciShares Core S&P 500 ETFvs. Q3 2025SEC
Q3 2025Nov 7, 2025270$1.73BSPYAB Active ETFs InciShares Core S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 14, 2025236$1.61BSPYiShares Core S&P 500 ETFAB Active ETFs Incvs. Q1 2025SEC
Q1 2025May 14, 2025245$1.42BSPYiShares Core S&P 500 ETFKKRvs. Q4 2024SEC
Q4 2024Feb 7, 2025250$1.43BSPYiShares Core S&P 500 ETFUPSvs. Q3 2024SEC
Q3 2024Nov 13, 2024242$1.31BSPYiShares Core S&P 500 ETFUPSvs. Q2 2024SEC
Q2 2024Aug 5, 2024220$1.22BSPYiShares Core S&P 500 ETFUPSvs. Q1 2024SEC
Q1 2024May 14, 2024257$1.25BSPYiShares Core S&P 500 ETFUPSvs. Q4 2023SEC
Q4 2023Feb 13, 2024193$978.3MSPYUPSVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023195$889.0MSPYUPSVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 8, 2023158$903.7MSPYUPSVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 11, 2023166$867.7MSPYUPSVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023175$889.3MSPYUPSiShares Incvs. Q3 2022SEC
Q3 2022Nov 10, 2022176$780.6MSPYUPSAAPLvs. Q2 2022SEC
Q2 2022Aug 12, 2022227$855.8MSPYUPSAAPLvs. Q1 2022SEC
Q1 2022May 16, 2022248$1.06BSPYUPSAAPLvs. Q4 2021SEC
Q4 2021Feb 8, 2022203$851.2MSPYAAPLVanguard S&P 500 ETFvs. Q3 2021SEC
Q3 2021Nov 12, 2021221$1.21BSPYBF.AUPSvs. Q2 2021SEC
Q2 2021Aug 13, 2021195$1.27BSPYUPSBF.Avs. Q1 2021SEC
Q1 2021May 17, 2021207$1.22BSPYUPSBF.A–SEC