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Livermore
Livermore
ZHEN

TD Capital Management LLC

SEC CIK
0001483824
Latest filing
Aug 6, 2026

The latest 13F from TD Capital Management LLC covers Q2 2026 (filed Aug 6, 2026): 797 long positions worth $1.22B. The top 10 holdings make up 52.8% of the portfolio, and the largest is iShares Tr at 17.1%. 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
18
Est. +$13.0M
Added
228
Est. +$43.4M
Reduced
102
Est. −$39.0M
Sold out
74
Est. −$2.47M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464287150
    17.1%$209.4M
  2. Vanguard Morningstar Total Stock Market ETF922908769
    7.7%$94.2M
  3. iShares Core S&P 500 ETF464287200
    4.9%$60.3M
  4. Vanguard Short-Term Bond ETF921937827
    4.0%$49.3M
  5. Vanguard Dividend Appreciation ETF921908844
    3.6%$44.2M

Biggest buys

New and added positions, by estimated amount bought

  1. Pgim ETF Tr69344A107
    +$8.72MAdded
  2. Vanguard Malvern FDS922020730
    +$6.24MNew
  3. Vanguard Malvern FDS922020748
    +$6.13MAdded
  4. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$4.18MAdded
  5. J P Morgan Exchange Traded F46641Q670
    +$3.45MAdded

Largest weight increases

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

  1. Pgim ETF Tr69344A107
    +0.64 pp0.8% → 1.5%
  2. Vanguard Malvern FDS922020730
    +0.51 pp0.0% → 0.5%
  3. Vanguard Malvern FDS922020748
    +0.48 pp0.2% → 0.7%
  4. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.36 pp0.3% → 0.7%
  5. Vanguard Mun BD FDS922907696
    +0.27 pp0.0% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287150
    −$10.7MReduced
  2. Vanguard Short-Term Bond ETF921937827
    −$4.79MReduced
  3. Vanguard Total Bond Market ETF921937835
    −$4.23MReduced
  4. WisdomTree Tr97717Y527
    −$2.80MReduced
  5. iShares Core U.S. Aggregate Bond ETF464287226
    −$2.63MReduced

Largest weight decreases

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

  1. Vanguard Short-Term Bond ETF921937827
    −0.87 pp4.9% → 4.0%
  2. Vanguard Total Bond Market ETF921937835
    −0.67 pp3.5% → 2.8%
  3. iShares Core U.S. Aggregate Bond ETF464287226
    −0.43 pp2.3% → 1.9%
  4. WisdomTree Tr97717Y527
    −0.28 pp0.5% → 0.2%
  5. iShares Tr464288158
    −0.23 pp1.1% → 0.8%

Metrics

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

Portfolio value
$1.22B
+$111.7M (+10.0%) vs. prior quarter
Positions
797
−56 vs. prior quarter
Top 10 concentration
52.8%
Top 10 as share of value
Turnover
3.6%
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 $1.22B (Q2 2026)

Q1 2021: $754.7MQ2 2021: $801.5MQ3 2021: $817.8MQ4 2021: $886.2MQ1 2022: $837.6MQ2 2022: $738.0MQ3 2022: $720.6MQ4 2022: $764.4MQ1 2023: $807.4MQ2 2023: $837.0MQ3 2023: $816.2MQ4 2023: $876.1MQ1 2024: $937.9MQ2 2024: $956.2MQ3 2024: $998.8MQ4 2024: $984.3MQ1 2025: $987.4MQ2 2025: $1.06BQ3 2025: $1.11BQ4 2025: $1.13BQ1 2026: $1.11BQ2 2026: $1.22B
Q1 2021Q2 2026
13F filings of TD Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 2026797$1.22BiShares TrVanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026May 11, 2026853$1.11BiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q4 2025SEC
Q4 2025Feb 26, 2026818$1.13BiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q3 2025SEC
Q3 2025Nov 24, 2025691$1.11BiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q2 2025SEC
Q2 2025Aug 8, 2025695$1.06BiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q1 2025SEC
Q1 2025May 14, 2025695$987.4MiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q4 2024SEC
Q4 2024Feb 5, 2025584$984.3MiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q3 2024SEC
Q3 2024Nov 8, 2024459$998.8MiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q2 2024SEC
Q2 2024Aug 5, 2024438$956.2MiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q1 2024SEC
Q1 2024May 13, 2024Amended534$937.9MiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q4 2023SEC
Q4 2023Feb 12, 2024415$876.1MiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q3 2023SEC
Q3 2023Nov 9, 2023411$816.2MiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q2 2023SEC
Q2 2023Aug 16, 2023411$837.0MiShares TrVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFvs. Q1 2023SEC
Q1 2023May 2, 2023415$807.4MiShares TrVanguard Short-Term Bond ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Feb 15, 2023387$764.4MiShares TrVanguard Short-Term Bond ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2022SEC
Q3 2022Nov 9, 2022370$720.6MiShares TrVanguard Short-Term Bond ETFPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q2 2022SEC
Q2 2022Aug 11, 202284$738.0MiShares TrVanguard Short-Term Bond ETFPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q1 2022SEC
Q1 2022May 18, 202293$837.6MiShares TrVanguard Short-Term Bond ETFiShares Core U.S. Aggregate Bond ETFvs. Q4 2021SEC
Q4 2021Feb 14, 2022381$886.2MiShares TrVanguard Short-Term Bond ETFPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q3 2021SEC
Q3 2021Nov 9, 2021375$817.8MiShares TrVanguard Short-Term Bond ETFiShares Core U.S. Aggregate Bond ETFvs. Q2 2021SEC
Q2 2021Aug 2, 2021354$801.5MiShares TrVanguard Short-Term Bond ETFiShares Core U.S. Aggregate Bond ETFvs. Q1 2021SEC
Q1 2021May 10, 2021326$754.7MiShares TrVanguard Short-Term Bond ETFiShares Core U.S. Aggregate Bond ETF–SEC