Skip to main content
Livermore
Livermore
ZHEN

Gradient Investments LLC

SEC CIK
0001542265
Latest filing
Jul 8, 2026

The latest 13F from Gradient Investments LLC covers Q2 2026 (filed Jul 8, 2026): 448 long positions worth $7.25B. The top 10 holdings make up 22.6% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 5.4%. 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
60
Est. +$392.5M
Added
257
Est. +$489.2M
Reduced
121
Est. −$349.0M
Sold out
32
Est. −$273.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    5.4%$393.2M
  2. NVDANVIDIA Corp
    2.7%$192.1MHistory
  3. Doubleline ETF Trust25861R402
    2.1%$151.2M
  4. AAPLApple Inc.
    2.0%$145.3MHistory
  5. AMZNAmazon Com Inc
    2.0%$142.3MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Bondbloxx ETF Trust09789C812
    +$47.7MAdded
  2. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375
    +$45.5MAdded
  3. Bondbloxx ETF Trust09789C796
    +$44.3MNew
  4. NVDANVIDIA Corp
    +$43.8MAddedHistory
  5. Innovator ETFs Trust45784N197
    +$42.5MNew

Largest weight increases

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

  1. NVDANVIDIA Corp
    +0.65 pp2.0% → 2.7%History
  2. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375
    +0.63 pp<0.1% → 0.6%
  3. Bondbloxx ETF Trust09789C796
    +0.61 pp0.0% → 0.6%
  4. Bondbloxx ETF Trust09789C812
    +0.59 pp0.6% → 1.2%
  5. Innovator ETFs Trust45784N197
    +0.59 pp0.0% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Bondbloxx ETF Trust09789C838
    −$45.9MReduced
  2. Bondbloxx ETF Trust09789C846
    −$44.6MReduced
  3. iShares Tr464288638
    −$40.1MReduced
  4. Innovator ETFs Trust45784N510
    −$38.6MSold out
  5. Innovator ETFs Trust45783Y129
    −$35.9MSold out

Largest weight decreases

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

  1. Bondbloxx ETF Trust09789C838
    −0.77 pp1.1% → 0.4%
  2. Bondbloxx ETF Trust09789C846
    −0.70 pp0.7% → <0.1%
  3. GLDMWorld Gold Trust
    −0.67 pp2.3% → 1.7%History
  4. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    −0.65 pp1.5% → 0.8%
  5. iShares Tr464288638
    −0.62 pp0.6% → <0.1%

Metrics

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

Portfolio value
$7.25B
+$792.5M (+12.3%) vs. prior quarter
Positions
448
+28 vs. prior quarter
Top 10 concentration
22.6%
Top 10 as share of value
Turnover
9.1%
Q2 2026, one quarter
Average holding period
14.4 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 $7.25B (Q2 2026)

Q1 2021: $3.08BQ2 2021: $3.42BQ3 2021: $3.57BQ4 2021: $3.94BQ1 2022: $3.89BQ2 2022: $3.43BQ3 2022: $3.27BQ4 2022: $3.17BQ1 2023: $3.67BQ2 2023: $3.88BQ3 2023: $3.79BQ4 2023: $4.14BQ1 2024: $4.31BQ2 2024: $4.45BQ3 2024: $4.80BQ4 2024: $4.94BQ1 2025: $4.96BQ2 2025: $5.47BQ3 2025: $5.99BQ4 2025: $6.30BQ1 2026: $6.45BQ2 2026: $7.25B
Q1 2021Q2 2026
13F filings of Gradient Investments LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 8, 2026448$7.25BState Street SPDR Portfolio S&P 500 ETFNVDADoubleline ETF Trustvs. Q1 2026SEC
Q1 2026Apr 13, 2026420$6.45BState Street SPDR Portfolio S&P 500 ETFDoubleline ETF TrustGLDMvs. Q4 2025SEC
Q4 2025Jan 8, 2026343$6.30BState Street SPDR Portfolio S&P 500 ETFMSFTNVDAvs. Q3 2025SEC
Q3 2025Oct 6, 2025369$5.99BState Street SPDR Portfolio S&P 500 ETFNVDAMSFTvs. Q2 2025SEC
Q2 2025Jul 8, 2025358$5.47BState Street SPDR Portfolio S&P 500 ETFMSFTNVDAvs. Q1 2025SEC
Q1 2025Apr 9, 2025320$4.96BState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFAMZNvs. Q4 2024SEC
Q4 2024Jan 21, 2025298$4.94BState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Developed World Ex-US ETFInnovator ETFs Trvs. Q3 2024SEC
Q3 2024Oct 15, 2024299$4.80BState Street SPDR Portfolio S&P 500 ETFInnovator ETFs TrAim ETF Products Trustvs. Q2 2024SEC
Q2 2024Jul 18, 20241,377$4.45BState Street SPDR Portfolio S&P 500 ETFInnovator ETFs TrState Street SPDR Portfolio Developed World Ex-US ETFvs. Q1 2024SEC
Q1 2024Apr 23, 20241,233$4.31BState Street SPDR Portfolio S&P 500 ETFInnovator ETFs TriShares Trvs. Q4 2023SEC
Q4 2023Jan 18, 20241,831$4.14BState Street SPDR Portfolio S&P 500 ETFInnovator ETFs TriShares Trvs. Q3 2023SEC
Q3 2023Oct 27, 20231,806$3.79BInnovator ETFs TrState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q2 2023SEC
Q2 2023Jul 11, 20231,772$3.88BInnovator ETFs TrState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2023SEC
Q1 2023Apr 17, 20231,507$3.67BInnovator ETFs TrState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q4 2022SEC
Q4 2022Jan 10, 20231,496$3.17BState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFiShares Trvs. Q3 2022SEC
Q3 2022Oct 14, 20221,510$3.27BState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio Aggregate Bond ETFSPDR Series Trustvs. Q2 2022SEC
Q2 2022Jul 11, 20221,351$3.43BInvesco Exch Traded FD Tr IIState Street SPDR Portfolio Aggregate Bond ETFSPDR Index Shs FDSvs. Q1 2022SEC
Q1 2022May 26, 20221,254$3.89BInvesco Exch Traded FD Tr IIState Street SPDR Portfolio Aggregate Bond ETFSPDR Index Shs FDSvs. Q4 2021SEC
Q4 2021Jan 12, 20221,303$3.94BSPYState Street SPDR Portfolio Aggregate Bond ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 18, 20211,216$3.57BSPYState Street SPDR Portfolio Aggregate Bond ETFState Street SPDR Portfolio S&P 500 ETFvs. Q2 2021SEC
Q2 2021Jul 12, 20211,214$3.42BInvesco Exch Traded FD Tr IIState Street SPDR Portfolio Aggregate Bond ETFProShares Trvs. Q1 2021SEC
Q1 2021Apr 21, 20211,214$3.08BInvesco Exch Traded FD Tr IIState Street SPDR Portfolio Aggregate Bond ETFProShares Tr–SEC