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Livermore
Livermore
ZHEN

Prelude Capital Management, LLC

SEC CIK
0001387508
Latest filing
Aug 14, 2026

The latest 13F from Prelude Capital Management, LLC covers Q2 2026 (filed Aug 14, 2026): 1,171 long positions worth $1.36B. The top 10 holdings make up 11.5% of the portfolio, and the largest is Warner Bros. Discovery, Inc. (WBD) at 1.5%. Livermore has 25 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
411
Est. +$243.3M
Added
337
Est. +$247.5M
Reduced
364
Est. −$351.7M
Sold out
406
Est. −$283.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. WBDWarner Bros. Discovery, Inc.
    1.5%$19.8MHistory
  2. GTLSChart Industries Inc
    1.4%$19.3MHistory
  3. BHFBrighthouse Financial, Inc.
    1.4%$19.3MHistory
  4. GLDSPDR Gold Trust
    1.3%$17.7MHistory
  5. NSCNorfolk Southern Corp
    1.1%$15.5MHistory

Share of portfolio

Top 5 holdings and the other 1,166 positions, by share of portfolio value

  1. WBD1.5%
  2. GTLS1.4%
  3. BHF1.4%
  4. GLD1.3%
  5. NSC1.1%
  6. Other 1,166 positions93.3%

Biggest buys

New and added positions, by estimated amount bought

  1. JHGJanus Henderson Group Ltd.
    +$11.5MAddedHistory
  2. ROKURoku, Inc
    +$9.87MAddedHistory
  3. NUVLNuvalent, Inc.
    +$8.71MNewHistory
  4. Vanguard S&P 500 ETF922908363
    +$8.44MNew
  5. GTLSChart Industries Inc
    +$7.20MAddedHistory

Largest weight increases

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

  1. JHGJanus Henderson Group Ltd.
    +0.83 pp0.3% → 1.1%History
  2. ROKURoku, Inc
    +0.76 pp0.1% → 0.8%History
  3. NUVLNuvalent, Inc.
    +0.64 pp0.0% → 0.6%History
  4. Vanguard S&P 500 ETF922908363
    +0.62 pp0.0% → 0.6%
  5. APGEApogee Therapeutics, Inc.
    +0.53 pp<0.1% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$38.6MReducedHistory
  2. STXSeagate Technology Holdings plc
    −$26.1MReducedHistory
  3. CWANClearwater Analytics Holdings, Inc.
    −$14.7MSold outHistory
  4. SNDKSandisk Corp
    −$13.9MReducedHistory
  5. METAMeta Platforms, Inc.
    −$11.4MReducedHistory

Largest weight decreases

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

  1. CWANClearwater Analytics Holdings, Inc.
    −1.13 pp1.1% → 0.0%History
  2. METAMeta Platforms, Inc.
    −0.90 pp1.2% → 0.3%History
  3. ACLXArcellx, Inc.
    −0.87 pp0.9% → 0.0%History
  4. HOLXHologic Inc
    −0.73 pp0.7% → 0.0%History
  5. STXSeagate Technology Holdings plc
    −0.73 pp0.9% → 0.1%History

Metrics

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

Portfolio value
$1.36B
+$59.9M (+4.6%) vs. prior quarter
Positions
1,171
+5 vs. prior quarter
Top 10 concentration
11.5%
Top 10 as share of value
Turnover
36.8%
Q2 2026, one quarter
Average holding period
6.1 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 (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 $2.16B (Q1 2022)

Q1 2021: $1.44BQ2 2021: $1.81BQ3 2021: $1.83BQ4 2021: $2.02BQ1 2022: $2.16BQ2 2022: $2.04BQ3 2022: $2.00BQ4 2022: $1.62BQ1 2023: $1.46BQ2 2023: $1.20BQ3 2023: $1.11BQ4 2023: $1.15BQ1 2024: $1.46BQ2 2024: $1.19BQ3 2024: $1.30BQ4 2024: $1.19BQ1 2025: $991.6MQ2 2025: $1.02BQ3 2025: $1.28BQ4 2025: $1.36BQ1 2026: $1.30BQ2 2026: $1.36B
Q1 2021Q2 2026
13F filings of Prelude Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 20261,171$1.36BWBDGTLSBHFvs. Q1 2026SEC
Q1 2026May 15, 20261,166$1.30BGLDBHFNVDAvs. Q4 2025SEC
Q4 2025Feb 17, 20261,255$1.36BGLDNVDAEAvs. Q3 2025SEC
Q3 2025Nov 14, 20251,109$1.28BNVDAGLDVRNAvs. Q2 2025SEC
Q2 2025Aug 14, 2025969$1.02BMETAGLDNVDAvs. Q1 2025SEC
Q1 2025May 15, 20251,053$991.6MGLDBHFKvs. Q4 2024SEC
Q4 2024Feb 14, 20251,048$1.19BGLDNVDAAMZNvs. Q3 2024SEC
Q3 2024Nov 14, 2024Amended1,135$1.30BGLDBHFBIDUvs. Q2 2024SEC
Q2 2024Aug 14, 20241,087$1.19BBHFGLDHESvs. Q1 2024SEC
Q1 2024May 15, 20241,167$1.46BNVDABHFBIOvs. Q4 2023SEC
Q4 2023Feb 14, 2024967$1.15BGLDBHFVIPSvs. Q3 2023SEC
Q3 2023Nov 14, 2023961$1.11BATVICNRGLDvs. Q2 2023SEC
Q2 2023Aug 14, 2023968$1.20BGRBKiShares Russell 2000 ETFVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023Jun 1, 2023Amended1,044$1.46BiShares Russell 2000 ETFVanguard S&P 500 ETFGRBKvs. Q4 2022SEC
Q4 2022Feb 14, 20231,138$1.62BiShares Russell 2000 ETFVanguard S&P 500 ETFBABAvs. Q3 2022SEC
Q3 2022Nov 14, 20221,462$2.00BVanguard S&P 500 ETFiShares Russell 2000 ETFGLDvs. Q2 2022SEC
Q2 2022Aug 24, 2022Amended1,557$2.04BiShares Russell 2000 ETFVanguard S&P 500 ETFKKR Acquisition Holding I Covs. Q1 2022SEC
Q1 2022May 16, 20221,438$2.16BVanguard S&P 500 ETFiShares Russell 2000 ETFKKR Acquisition Holding I Covs. Q4 2021SEC
Q4 2021Feb 14, 20221,570$2.02BVanguard S&P 500 ETFiShares Russell 2000 ETFKKR Acquisition Holding I Covs. Q3 2021SEC
Q3 2021Nov 15, 20211,303$1.83BVanguard S&P 500 ETFiShares Russell 2000 ETFKKR Acquisition Holding I Covs. Q2 2021SEC
Q2 2021Aug 16, 20211,327$1.81BKKR Acquisition Holding I CoALXNHuazhu Group Ltdvs. Q1 2021SEC
Q1 2021May 17, 20211,067$1.44BiShares TrKKR Acquisition Holding I CoSPR–SEC