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Livermore
Livermore
ZHEN

WBI Investments

SEC CIK
0001397424
Latest filing
Aug 11, 2026

The latest 13F from WBI Investments covers Q2 2026 (filed Aug 11, 2026): 286 long positions worth $403.5M. The top 10 holdings make up 29.3% of the portfolio, and the largest is Absolute Shs Tr at 7.5%. Livermore has 23 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
106
Est. +$88.3M
Added
84
Est. +$34.6M
Reduced
93
Est. −$41.3M
Sold out
95
Est. −$68.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. Absolute Shs Tr00400R858
    7.5%$30.1M
  2. Absolute Shs Tr00400R809
    5.3%$21.4M
  3. Absolute Shs Tr00400R700
    4.4%$17.7M
  4. Absolute Shs Tr00400R601
    4.0%$16.3M
  5. VanEck ETF Trust92189H664
    1.8%$7.20M

Share of portfolio

Top 5 holdings and the other 281 positions, by share of portfolio value

  1. Absolute Shs Tr7.5%
  2. Absolute Shs Tr5.3%
  3. Absolute Shs Tr4.4%
  4. Absolute Shs Tr4.0%
  5. VanEck ETF Trust1.8%
  6. Other 281 positions77.0%

Biggest buys

New and added positions, by estimated amount bought

  1. APHAmphenol Corp
    +$3.99MNewHistory
  2. LIILennox International Inc
    +$3.18MNewHistory
  3. ALABAstera Labs, Inc.
    +$3.17MNewHistory
  4. MRVLMarvell Technology, Inc.
    +$2.53MNewHistory
  5. ARMArm Holdings PLC
    +$2.43MNewHistory

Largest weight increases

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

  1. APHAmphenol Corp
    +0.99 pp0.0% → 1.0%History
  2. LIILennox International Inc
    +0.79 pp0.0% → 0.8%History
  3. ALABAstera Labs, Inc.
    +0.79 pp0.0% → 0.8%History
  4. VanEck ETF Trust92189H664
    +0.78 pp1.0% → 1.8%
  5. MRVLMarvell Technology, Inc.
    +0.63 pp0.0% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. OKEONEOK Inc
    −$2.80MReducedHistory
  2. AROCArchrock, Inc.
    −$2.74MSold outHistory
  3. EIXEdison International
    −$2.37MReducedHistory
  4. CSCOCisco Systems, Inc.
    −$2.04MReducedHistory
  5. DELLDell Technologies Inc.
    −$1.70MReducedHistory

Largest weight decreases

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

  1. OKEONEOK Inc
    −0.85 pp1.1% → 0.3%History
  2. AROCArchrock, Inc.
    −0.76 pp0.8% → 0.0%History
  3. Absolute Shs Tr00400R858
    −0.71 pp8.2% → 7.5%
  4. EIXEdison International
    −0.66 pp0.9% → 0.2%History
  5. TWTradeweb Markets Inc.
    −0.58 pp0.9% → 0.3%History

Metrics

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

Portfolio value
$403.5M
+$41.1M (+11.3%) vs. prior quarter
Positions
286
+11 vs. prior quarter
Top 10 concentration
29.3%
Top 10 as share of value
Turnover
28.7%
Q2 2026, one quarter
Average holding period
8.1 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 $650.9M (Q2 2021)

Q1 2021: $636.8MQ2 2021: $650.9MQ3 2021: $596.2MQ4 2021: $624.2MQ1 2022: $617.9MQ2 2022: $463.8MQ3 2022: $343.7MQ4 2022: $466.5MQ1 2023: $499.8MQ2 2023: $552.1MQ3 2023: $496.9MQ4 2023: $499.0MQ1 2024: $480.8MQ2 2024: $412.6MQ3 2024: $416.4MQ4 2024: $400.3MQ1 2025: $379.8MQ2 2025: $385.3MQ3 2025: $391.1MQ4 2025: $383.6MQ1 2026: $362.4MQ2 2026: $403.5M
Q1 2021Q2 2026
13F filings of WBI Investments by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026286$403.5MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q1 2026SEC
Q1 2026May 11, 2026275$362.4MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q4 2025SEC
Q4 2025Feb 13, 2026307$383.6MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q3 2025SEC
Q3 2025Nov 20, 2025297$391.1MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q2 2025SEC
Q2 2025Aug 11, 2025268$385.3MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q1 2025SEC
Q1 2025May 22, 2025226$379.8MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q4 2024SEC
Q4 2024Feb 14, 2025199$400.3MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q3 2024SEC
Q3 2024Nov 12, 2024229$416.4MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q2 2024SEC
Q2 2024Jul 30, 2024164$412.6MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q1 2024SEC
Q1 2024May 3, 2024192$480.8MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q4 2023SEC
Q4 2023Feb 9, 2024193$499.0MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q3 2023SEC
Q3 2023Nov 9, 2023179$496.9MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q2 2023SEC
Q2 2023Aug 7, 2023184$552.1MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q1 2023SEC
Q1 2023May 15, 2023177$499.8MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q4 2022SEC
Q4 2022Feb 13, 2023157$466.5MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q3 2022SEC
Q3 2022Oct 26, 2022109$343.7MAbsolute Shs TrAbsolute Shs TrAbsolute Shs Trvs. Q2 2022SEC
Q2 2022Jul 25, 2022118$463.8MAbsolute Shs TrSchwab Strategic TrAbsolute Shs Trvs. Q1 2022SEC
Q1 2022May 2, 2022177$617.9MSsga Active ETF TrAbsolute Shs TrAbsolute Shs Trvs. Q4 2021SEC
Q4 2021Jan 28, 2022171$624.2MDBX ETF TriShares TrAbsolute Shs Trvs. Q3 2021SEC
Q3 2021Nov 9, 2021178$596.2MVanEck ETF TrustAbsolute Shs TrAbsolute Shs Trvs. Q2 2021SEC
Q2 2021Aug 13, 2021Amended177$650.9MiShares TrDBX ETF TrAbsolute Shs Trvs. Q1 2021SEC
Q1 2021May 12, 2021175$636.8MDBX ETF TriShares TrAbsolute Shs Tr–SEC