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Livermore
Livermore
ZHEN

Manchester Capital Management LLC

SEC CIK
0001393389
Latest filing
Aug 13, 2026

The latest 13F from Manchester Capital Management LLC covers Q2 2026 (filed Aug 13, 2026): 1,313 long positions worth $768.4M. The top 10 holdings make up 47.3% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 15.9%. 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
70
Est. +$4.45M
Added
344
Est. +$25.0M
Reduced
375
Est. −$43.8M
Sold out
63
Est. −$2.41M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    15.9%$121.9MHistory
  2. AAPLApple Inc.
    9.4%$71.9MHistory
  3. UPSUnited Parcel Service Inc
    3.6%$27.7MHistory
  4. Vanguard S&P 500 ETF922908363
    3.4%$26.1M
  5. AMZNAmazon Com Inc
    3.4%$26.0MHistory

Share of portfolio

Top 5 holdings and the other 1,308 positions, by share of portfolio value

  1. SPY15.9%
  2. AAPL9.4%
  3. UPS3.6%
  4. Vanguard S&P 500 ETF3.4%
  5. AMZN3.4%
  6. Other 1,308 positions64.4%

Biggest buys

New and added positions, by estimated amount bought

  1. ZZillow Group, Inc.
    +$14.3MAddedHistory
  2. Vanguard Calif Tax Free FDS922021605
    +$1.81MNew
  3. RDDTReddit, Inc.
    +$925.2KAddedHistory
  4. Vanguard Scottsdale FDS92206C102
    +$820.9KAdded
  5. iShares Tr464288638
    +$781.6KAdded

Largest weight increases

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

  1. ZZillow Group, Inc.
    +1.86 pp<0.1% → 1.9%History
  2. MUMicron Technology Inc
    +0.35 pp0.2% → 0.5%History
  3. AAPLApple Inc.
    +0.28 pp9.1% → 9.4%History
  4. GOOGAlphabet Inc.
    +0.27 pp2.3% → 2.6%History
  5. GOOGLAlphabet Inc.
    +0.27 pp2.0% → 2.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FTAIFTAI Aviation Ltd.
    −$22.7MReducedHistory
  2. UPSUnited Parcel Service Inc
    −$8.75MReducedHistory
  3. Vanguard High Dividend Yield Index ETF921946406
    −$1.29MReduced
  4. iShares Tr464288570
    −$914.3KReduced
  5. Vanguard Morningstar Value ETF922908744
    −$795.2KReduced

Largest weight decreases

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

  1. FTAIFTAI Aviation Ltd.
    −2.96 pp3.4% → 0.4%History
  2. UPSUnited Parcel Service Inc
    −1.20 pp4.8% → 3.6%History
  3. Vanguard High Dividend Yield Index ETF921946406
    −0.19 pp0.7% → 0.5%
  4. BRK.BBerkshire Hathaway Inc
    −0.11 pp1.9% → 1.8%History
  5. Vanguard Morningstar Value ETF922908744
    −0.10 pp1.3% → 1.2%

Metrics

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

Portfolio value
$768.4M
+$74.2M (+10.7%) vs. prior quarter
Positions
1,313
+7 vs. prior quarter
Top 10 concentration
47.3%
Top 10 as share of value
Turnover
4.0%
Q2 2026, one quarter
Average holding period
20.0 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 $861.5M (Q4 2024)

Q1 2021: $665.2MQ2 2021: $725.9MQ3 2021: $730.7MQ4 2021: $764.2MQ1 2022: $695.3MQ2 2022: $582.5MQ3 2022: $574.1MQ4 2022: $680.1MQ1 2023: $764.2MQ2 2023: $745.6MQ3 2023: $673.9MQ4 2023: $743.5MQ1 2024: $811.1MQ2 2024: $831.8MQ3 2024: $854.1MQ4 2024: $861.5MQ1 2025: $814.3MQ2 2025: $760.2MQ3 2025: $736.7MQ4 2025: $734.7MQ1 2026: $694.3MQ2 2026: $768.4M
Q1 2021Q2 2026
13F filings of Manchester Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 20261,313$768.4MSPYAAPLUPSvs. Q1 2026SEC
Q1 2026May 11, 20261,306$694.3MSPYAAPLUPSvs. Q4 2025SEC
Q4 2025Feb 11, 20261,342$734.7MSPYAAPLUPSvs. Q3 2025SEC
Q3 2025Nov 14, 20251,288$736.7MSPYAAPLUPSvs. Q2 2025SEC
Q2 2025Aug 12, 20251,199$760.2MSPYAAPLUPSvs. Q1 2025SEC
Q1 2025May 9, 20251,169$814.3MSPYAAPLUPSvs. Q4 2024SEC
Q4 2024Jan 30, 20251,154$861.5MSPYAAPLUPSvs. Q3 2024SEC
Q3 2024Nov 5, 20241,175$854.1MSPYUPSAAPLvs. Q2 2024SEC
Q2 2024Aug 8, 20241,148$831.8MSPYUPSAAPLvs. Q1 2024SEC
Q1 2024May 6, 20241,032$811.1MSPYUPSAAPLvs. Q4 2023SEC
Q4 2023Feb 8, 2024999$743.5MSPYUPSAAPLvs. Q3 2023SEC
Q3 2023Nov 9, 20231,009$673.9MSPYUPSAAPLvs. Q2 2023SEC
Q2 2023Aug 14, 2023947$745.6MSPYUPSAAPLvs. Q1 2023SEC
Q1 2023May 9, 20231,063$764.2MUPSSPYAAPLvs. Q4 2022SEC
Q4 2022Feb 9, 2023990$680.1MUPSSPYVanguard BD Index FDSvs. Q3 2022SEC
Q3 2022Nov 8, 2022963$574.1MUPSSPYAAPLvs. Q2 2022SEC
Q2 2022Aug 10, 2022957$582.5MUPSSPYAAPLvs. Q1 2022SEC
Q1 2022May 9, 20221,056$695.3MUPSSPYAAPLvs. Q4 2021SEC
Q4 2021Feb 10, 20221,026$764.2MSPYUPSAAPLvs. Q3 2021SEC
Q3 2021Nov 12, 20211,046$730.7MSPYUPSAAPLvs. Q2 2021SEC
Q2 2021Aug 16, 2021793$725.9MUPSSPYAAPLvs. Q1 2021SEC
Q1 2021May 13, 2021638$665.2MSPYUPSAAPL–SEC