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Livermore
Livermore
ZHEN

Baker Avenue Asset Management, LP

SEC CIK
0001432529
Latest filing
Jul 28, 2026

The latest 13F from Baker Avenue Asset Management, LP covers Q2 2026 (filed Jul 28, 2026): 810 long positions worth $5.26B. The top 10 holdings make up 28.2% of the portfolio, and the largest is Apple Inc. (AAPL) at 5.2%. 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
111
Est. +$63.9M
Added
444
Est. +$246.0M
Reduced
225
Est. −$130.9M
Sold out
48
Est. −$28.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    5.2%$276.0MHistory
  2. NVDANVIDIA Corp
    4.9%$256.9MHistory
  3. SSDSimpson Manufacturing Co., Inc.
    3.6%$191.5MHistory
  4. MSFTMicrosoft Corp
    2.7%$140.4MHistory
  5. Vanguard Morningstar Small-Cap ETF922908751
    2.3%$119.4M

Share of portfolio

Top 5 holdings and the other 805 positions, by share of portfolio value

  1. AAPL5.2%
  2. NVDA4.9%
  3. SSD3.6%
  4. MSFT2.7%
  5. Vanguard Morningstar Small-Cap ETF2.3%
  6. Other 805 positions81.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Neos ETF Trust78433H675
    +$11.6MNew
  2. MSFTMicrosoft Corp
    +$10.8MAddedHistory
  3. KLACKLA Corp
    +$10.6MAddedConverted for a 10-for-1 splitHistory
  4. Neos ETF Trust78433H303
    +$10.2MNew
  5. CRWDCrowdStrike Holdings, Inc.
    +$7.31MAddedHistory

Largest weight increases

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

  1. KLACKLA Corp
    +0.36 pp0.2% → 0.6%History
  2. CATCaterpillar Inc
    +0.31 pp0.7% → 1.0%History
  3. CRWDCrowdStrike Holdings, Inc.
    +0.24 pp0.2% → 0.4%History
  4. Neos ETF Trust78433H675
    +0.22 pp0.0% → 0.2%
  5. Neos ETF Trust78433H303
    +0.19 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MRVLMarvell Technology, Inc.
    −$12.3MReducedHistory
  2. Global X FDS37954Y483
    −$11.5MReduced
  3. FLEXFlex Ltd.
    −$10.4MReducedHistory
  4. STXSeagate Technology Holdings plc
    −$7.65MReducedHistory
  5. NUENucor Corp
    −$7.39MSold outHistory

Largest weight decreases

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

  1. Global X FDS37954Y483
    −0.25 pp0.3% → <0.1%
  2. SHOPShopify Inc.
    −0.18 pp0.5% → 0.4%History
  3. NUENucor Corp
    −0.17 pp0.2% → 0.0%History
  4. iShares MSCI USA Quality Factor ETF46432F339
    −0.15 pp1.9% → 1.7%
  5. iShares Tr464288281
    −0.14 pp0.6% → 0.5%

Metrics

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

Portfolio value
$5.26B
+$870.2M (+19.8%) vs. prior quarter
Positions
810
+63 vs. prior quarter
Top 10 concentration
28.2%
Top 10 as share of value
Turnover
3.3%
Q2 2026, one quarter
Average holding period
18.0 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 $5.26B (Q2 2026)

Q1 2021: $1.57BQ2 2021: $1.72BQ3 2021: $1.72BQ4 2021: $1.95BQ1 2022: $1.85BQ2 2022: $1.48BQ3 2022: $1.51BQ4 2022: $1.67BQ1 2023: $1.85BQ2 2023: $1.99BQ3 2023: $2.00BQ4 2023: $2.28BQ1 2024: $2.53BQ2 2024: $2.93BQ3 2024: $3.15BQ4 2024: $3.26BQ1 2025: $3.19BQ2 2025: $3.51BQ3 2025: $4.18BQ4 2025: $4.34BQ1 2026: $4.39BQ2 2026: $5.26B
Q1 2021Q2 2026
13F filings of Baker Avenue Asset Management, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 2026810$5.26BAAPLNVDASSDvs. Q1 2026SEC
Q1 2026May 12, 2026747$4.39BAAPLNVDASSDvs. Q4 2025SEC
Q4 2025Feb 10, 2026624$4.34BAAPLNVDASSDvs. Q3 2025SEC
Q3 2025Oct 31, 2025600$4.18BNVDAAAPLSSDvs. Q2 2025SEC
Q2 2025Aug 13, 2025482$3.51BSSDAAPLMSFTvs. Q1 2025SEC
Q1 2025May 8, 2025449$3.19BSSDAAPLMSFTvs. Q4 2024SEC
Q4 2024Feb 14, 2025410$3.26BSSDAAPLMSFTvs. Q3 2024SEC
Q3 2024Nov 4, 2024410$3.15BSSDAAPLMSFTvs. Q2 2024SEC
Q2 2024Aug 8, 2024363$2.93BSSDMSFTAAPLvs. Q1 2024SEC
Q1 2024May 13, 2024355$2.53BMSFTVanguard Morningstar Small-Cap ETFAAPLvs. Q4 2023SEC
Q4 2023Feb 15, 2024Amended351$2.28BAAPLVanguard Morningstar Small-Cap ETFMSFTvs. Q3 2023SEC
Q3 2023Nov 15, 20231,578$2.00BiShares TrFidelity Merrimack STR TrSchwab US Aggregate Bond ETFvs. Q2 2023SEC
Q2 2023Aug 14, 20231,561$1.99BiShares TrFidelity Merrimack STR TrAAPLvs. Q1 2023SEC
Q1 2023May 16, 20231,601$1.85BiShares TrFidelity Merrimack STR TrSchwab US Aggregate Bond ETFvs. Q4 2022SEC
Q4 2022Feb 14, 20231,546$1.67BiShares TrFidelity Merrimack STR TrSchwab US Aggregate Bond ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022328$1.51BVanguard Total Bond Market ETFiShares Core U.S. Aggregate Bond ETFAAPLvs. Q2 2022SEC
Q2 2022Aug 3, 2022302$1.48BVanguard Total Bond Market ETFiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Small-Cap ETFvs. Q1 2022SEC
Q1 2022May 16, 2022285$1.85BVanguard Total Bond Market ETFiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Small-Cap ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022300$1.95BVanguard Total Bond Market ETFiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Small-Cap ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021252$1.72BVanguard Total Bond Market ETFiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Small-Cap ETFvs. Q2 2021SEC
Q2 2021Aug 16, 2021236$1.72BVanguard Total Bond Market ETFiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Small-Cap ETFvs. Q1 2021SEC
Q1 2021May 17, 2021238$1.57BVanguard Total Bond Market ETFiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Small-Cap ETF–SEC