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Livermore
Livermore
ZHEN

Alphadyne Asset Management LP

SEC CIK
0001535943
Latest filing
Aug 14, 2026

The latest 13F from Alphadyne Asset Management LP covers Q2 2026 (filed Aug 14, 2026): 204 long positions worth $2.21B. The top 10 holdings make up 87.6% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 57.3%. 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
99
Est. +$1.86B
Added
38
Est. +$117.6M
Reduced
67
Est. −$214.1M
Sold out
146
Est. −$331.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    57.3%$1.27BHistory
  2. Invesco QQQ Trust Series I46090E103
    18.1%$400.7M
  3. iShares Russell 2000 ETF464287655
    4.0%$88.5M
  4. MUMicron Technology Inc
    3.5%$77.5MHistory
  5. MSFTMicrosoft Corp
    1.3%$28.3MHistory

Share of portfolio

Top 5 holdings and the other 199 positions, by share of portfolio value

  1. SPY57.3%
  2. Invesco QQQ Trust Series I18.1%
  3. iShares Russell 2000 ETF4.0%
  4. MU3.5%
  5. MSFT1.3%
  6. Other 199 positions15.8%

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$1.27BNewHistory
  2. Invesco QQQ Trust Series I46090E103
    +$400.7MNew
  3. iShares Russell 2000 ETF464287655
    +$88.5MNew
  4. MUMicron Technology Inc
    +$40.3MAddedHistory
  5. PANWPalo Alto Networks Inc
    +$11.8MAddedHistory

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +57.27 pp0.0% → 57.3%History
  2. Invesco QQQ Trust Series I46090E103
    +18.12 pp0.0% → 18.1%
  3. iShares Russell 2000 ETF464287655
    +4.00 pp0.0% → 4.0%
  4. MUMicron Technology Inc
    +2.08 pp1.4% → 3.5%History
  5. PANWPalo Alto Networks Inc
    +0.52 pp<0.1% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$40.8MReducedHistory
  2. GOOGLAlphabet Inc.
    −$15.7MSold outHistory
  3. AMZNAmazon Com Inc
    −$14.8MSold outHistory
  4. UPSUnited Parcel Service Inc
    −$14.4MSold outHistory
  5. DGDollar General Corp
    −$13.8MReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −7.69 pp9.0% → 1.3%History
  2. CFCF Industries Holdings, Inc.
    −2.76 pp3.1% → 0.4%History
  3. ADBEAdobe Inc.
    −2.20 pp2.6% → 0.4%History
  4. GOOGLAlphabet Inc.
    −2.05 pp2.1% → 0.0%History
  5. AMZNAmazon Com Inc
    −1.94 pp1.9% → 0.0%History

Metrics

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

Portfolio value
$2.21B
+$1.45B (+189.2%) vs. prior quarter
Positions
204
−47 vs. prior quarter
Top 10 concentration
87.6%
Top 10 as share of value
Turnover
36.6%
Q2 2026, one quarter
Average holding period
1.3 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 $2.21B (Q2 2026)

Q1 2021: $114.9MQ2 2021: $180.3MQ3 2021: $101.9MQ4 2021: $31.8MQ1 2022: $73.9MQ2 2022: $69.4MQ3 2022: $39.2MQ4 2022: $159.3MQ1 2023: $54.2MQ2 2023: $32.7MQ3 2023: $207.3MQ4 2023: $100.5MQ1 2024: $49.5MQ2 2024: $223.6MQ3 2024: $167.2MQ4 2024: $241.2MQ1 2025: $353.9MQ2 2025: $32.9MQ3 2025: $148.1MQ4 2025: $1.00BQ1 2026: $764.6MQ2 2026: $2.21B
Q1 2021Q2 2026
13F filings of Alphadyne Asset Management LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026204$2.21BSPYInvesco QQQ Trust Series IiShares Russell 2000 ETFvs. Q1 2026SEC
Q1 2026May 15, 2026251$764.6MMSFTCFADBEvs. Q4 2025SEC
Q4 2025Feb 17, 2026196$1.00BSPYInvesco QQQ Trust Series IMSFTvs. Q3 2025SEC
Q3 2025Nov 14, 202552$148.1MSPYiShares Russell 2000 ETFInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Aug 14, 202532$32.9MInvesco QQQ Trust Series IGLDiShares Trvs. Q1 2025SEC
Q1 2025May 15, 20253$353.9MiShares TrBABAInvesco Exchange Traded FD Tvs. Q4 2024SEC
Q4 2024Feb 14, 202510$241.2MMSFTNVDAiShares Russell 2000 ETFvs. Q3 2024SEC
Q3 2024Nov 14, 20247$167.2MMSFTNVDAiShares Russell 2000 ETFvs. Q2 2024SEC
Q2 2024Aug 14, 20247$223.6MSPYMSFTState Street SPDR S&P Regional Banking ETFvs. Q1 2024SEC
Q1 2024May 15, 20241$49.5MGOOGvs. Q4 2023SEC
Q4 2023Feb 14, 20246$100.5MSPYGLDVanEck ETF Trustvs. Q3 2023SEC
Q3 2023Nov 14, 202379$207.3MGLDMSFTAMZNvs. Q2 2023SEC
Q2 2023Aug 14, 202360$32.7MMSFTGOOGLAMZNvs. Q1 2023SEC
Q1 2023May 15, 202318$54.2MUUPInvesco QQQ Trust Series IiShares Trvs. Q4 2022SEC
Q4 2022Feb 14, 202313$159.3MAAPLState Street Energy Select Sector SPDR ETFGLDvs. Q3 2022SEC
Q3 2022Nov 14, 202215$39.2MSLVState Street Energy Select Sector SPDR ETFGLDvs. Q2 2022SEC
Q2 2022Aug 10, 20226$69.4MiShares Core S&P Small Cap ETFInvesco QQQ Trust Series IVanEck ETF Trustvs. Q1 2022SEC
Q1 2022May 16, 20225$73.9MiShares TrState Street Industrial Select Sector SPDR ETFVanEck ETF Trustvs. Q4 2021SEC
Q4 2021Feb 9, 20223$31.8MiShares TrVanEck ETF Trustvs. Q3 2021SEC
Q3 2021Nov 15, 20213$101.9MState Street Financial Select Sector SPDR ETFiShares TrVanEck ETF Trustvs. Q2 2021SEC
Q2 2021Aug 16, 20215$180.3MState Street Financial Select Sector SPDR ETFiShares TrState Street Materials Select Sector SPDR ETFvs. Q1 2021SEC
Q1 2021May 17, 20214$114.9MState Street Financial Select Sector SPDR ETFiShares Semiconductor ETFState Street Technology Select Sector SPDR ETF–SEC