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Livermore
Livermore
ZHEN

Alaska Permanent Capital Management

SEC CIK
0001426771
Latest filing
Aug 11, 2026

The latest 13F from Alaska Permanent Capital Management covers Q2 2026 (filed Aug 11, 2026): 41 long positions worth $1.53B. The top 10 holdings make up 82.4% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 20.2%. 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
5
Est. +$2.21M
Added
12
Est. +$14.1M
Reduced
16
Est. −$58.7M
Sold out
3
Est. −$445.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    20.2%$308.8MHistory
  2. iShares Core S&P Mid-Cap ETF464287507
    11.9%$182.0M
  3. Vanguard Total Bond Market ETF921937835
    10.7%$163.8M
  4. iShares Core MSCI Eafe ETF46432F842
    7.7%$118.5M
  5. iShares Core MSCI Emerging Markets ETF46434G103
    6.8%$104.5M

Share of portfolio

Top 5 holdings and the other 36 positions, by share of portfolio value

  1. SPY20.2%
  2. iShares Core S&P Mid-Cap ETF11.9%
  3. Vanguard Total Bond Market ETF10.7%
  4. iShares Core MSCI Eafe ETF7.7%
  5. iShares Core MSCI Emerging Markets ETF6.8%
  6. Other 36 positions42.7%

Biggest buys

New and added positions, by estimated amount bought

  1. SPDR Series Trust78468R606
    +$5.86MAdded
  2. Vanguard Total Bond Market ETF921937835
    +$2.92MAdded
  3. iShares Tr464288612
    +$1.79MAdded
  4. SPDR Series Trust78468R739
    +$1.00MAdded
  5. Vanguard Short-Term Bond ETF921937827
    +$982.9KAdded

Largest weight increases

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

  1. SPDR Series Trust78468R606
    +0.32 pp1.0% → 1.4%
  2. SPDR Series Trust78468R739
    +0.06 pp0.1% → 0.2%
  3. iShares Tr464288661
    +0.06 pp0.0% → 0.1%
  4. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    +0.05 pp0.0% → 0.1%
  5. New York Life Investments Et45409B107
    +0.03 pp3.9% → 3.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Total International Bond ETF92203J407
    −$25.0MReduced
  2. iShares Core MSCI Emerging Markets ETF46434G103
    −$9.57MReduced
  3. iShares Core S&P Small Cap ETF464287804
    −$4.12MReduced
  4. First Tr Exchange Traded FD33738R811
    −$3.97MReduced
  5. Abrdn ETFs003261203
    −$3.43MReduced

Largest weight decreases

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

  1. Vanguard Total International Bond ETF92203J407
    −1.94 pp5.2% → 3.3%
  2. Abrdn ETFs003261203
    −0.61 pp3.5% → 2.9%
  3. Flexshares Tr33939L795
    −0.52 pp5.9% → 5.4%
  4. iShares Core MSCI Eafe ETF46432F842
    −0.05 pp7.8% → 7.7%
  5. First Tr Exchange-Traded FD33737A108
    −0.05 pp0.6% → 0.6%

Metrics

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

Portfolio value
$1.53B
+$103.3M (+7.2%) vs. prior quarter
Positions
41
+2 vs. prior quarter
Top 10 concentration
82.4%
Top 10 as share of value
Turnover
1.1%
Q2 2026, one quarter
Average holding period
20.3 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 $1.53B (Q2 2026)

Q1 2021: $1.10BQ2 2021: $1.12BQ3 2021: $1.12BQ4 2021: $1.19BQ1 2022: $1.15BQ2 2022: $994.4MQ3 2022: $954.2MQ4 2022: $972.8MQ1 2023: $1.09BQ2 2023: $1.19BQ3 2023: $1.13BQ4 2023: $1.21BQ1 2024: $1.28BQ2 2024: $1.17BQ3 2024: $1.26BQ4 2024: $1.22BQ1 2025: $1.19BQ2 2025: $1.29BQ3 2025: $1.36BQ4 2025: $1.32BQ1 2026: $1.43BQ2 2026: $1.53B
Q1 2021Q2 2026
13F filings of Alaska Permanent Capital Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 202641$1.53BSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q1 2026SEC
Q1 2026Apr 24, 202639$1.43BSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q4 2025SEC
Q4 2025Feb 13, 202641$1.32BSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q3 2025SEC
Q3 2025Oct 31, 202543$1.36BSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q2 2025SEC
Q2 2025Jul 29, 202538$1.29BSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q1 2025SEC
Q1 2025May 1, 202534$1.19BSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q4 2024SEC
Q4 2024Jan 29, 202541$1.22BSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q3 2024SEC
Q3 2024Nov 4, 202441$1.26BSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q2 2024SEC
Q2 2024Jul 22, 202434$1.17BSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q1 2024SEC
Q1 2024Apr 18, 202442$1.28BSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Jan 16, 202441$1.21BSPYiShares Core MSCI Eafe ETFVanguard Total Bond Market ETFvs. Q3 2023SEC
Q3 2023Oct 31, 202350$1.13BSPYiShares Core MSCI Eafe ETFVanguard Total Bond Market ETFvs. Q2 2023SEC
Q2 2023Jul 28, 202351$1.19BSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q1 2023SEC
Q1 2023May 9, 202333$1.09BSPYiShares Core MSCI Eafe ETFVanguard Total Bond Market ETFvs. Q4 2022SEC
Q4 2022Feb 1, 202334$972.8MSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Oct 24, 202238$954.2MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 15, 202239$994.4MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q1 2022SEC
Q1 2022Apr 8, 202238$1.15BSPYiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFvs. Q4 2021SEC
Q4 2021Jan 19, 202231$1.19BSPYiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFvs. Q3 2021SEC
Q3 2021Oct 21, 202135$1.12BSPYiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFvs. Q2 2021SEC
Q2 2021Oct 26, 2021Amended35$1.12BSPYiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFvs. Q1 2021SEC
Q1 2021Apr 13, 202136$1.10BSPYiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETF–SEC