Constellation Investments, Inc.
- SEC CIK
- 0001573575
- Latest filing
- Jul 17, 2026
The latest 13F from Constellation Investments, Inc. covers Q2 2026 (filed Jul 17, 2026): 19 long positions worth $3.18B. The top 10 holdings make up 93.5% of the portfolio, and the largest is iShares Core S&P 500 ETF at 29.6%. Livermore has 7 filings on Form 13F from this institution, going back to Q4 2024.
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.
- New
- 0
- Added
- 0
- Reduced
- 9
- Est. −$146.7M
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF46428720029.6%$943.8M
- Vanguard S&P 500 ETF92290836320.2%$643.0M
- iShares Core U.S. Aggregate Bond ETF46428722617.5%$556.7M
- Vanguard Morningstar Total Stock Market ETF9229087696.8%$217.6M
- iShares Tr4642871505.7%$182.0M
Share of portfolio
Top 5 holdings and the other 14 positions, by share of portfolio value
- iShares Core S&P 500 ETF29.6%
- Vanguard S&P 500 ETF20.2%
- iShares Core U.S. Aggregate Bond ETF17.5%
- Vanguard Morningstar Total Stock Market ETF6.8%
- iShares Tr5.7%
- Other 14 positions20.1%
Biggest buys
New and added positions, by estimated amount bought
None this quarter.
Largest weight increases
New and added positions, by percentage points of the portfolio gained
None this quarter.
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Core S&P 500 ETF464287200−$73.5MReduced
- iShares Core U.S. Aggregate Bond ETF464287226−$29.3MReduced
- Vanguard Intermediate-Term Corporate Bond ETF92206C870−$21.2MReduced
- Vanguard S&P 500 ETF922908363−$14.2MReduced
- iShares Core MSCI Eafe ETF46432F842−$3.61MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Core U.S. Aggregate Bond ETF464287226−2.03 pp19.5% → 17.5%
- Vanguard Intermediate-Term Corporate Bond ETF92206C870−0.90 pp4.2% → 3.3%
- iShares Core MSCI Eafe ETF46432F842−0.09 pp2.3% → 2.3%
- Vanguard Scottsdale FDS92206C706−0.06 pp0.3% → 0.2%
- iShares MSCI Eafe ETF464287465−0.02 pp0.6% → 0.6%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $3.18B
- +$171.6M (+5.7%) vs. prior quarter
- Positions
- 19
- 0 vs. prior quarter
- Top 10 concentration
- 93.5%
- Top 10 as share of value
- Turnover
- 0.0%
- Q2 2026, one quarter
- Average holding period
- 6.9 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 (Q4 2024), so positions held before then are understated.
13F filings by quarter
7 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $3.24B (Q4 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 17, 2026 | 19 | $3.18B | iShares Core S&P 500 ETFVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 22, 2026 | 19 | $3.01B | iShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 21, 2026 | 19 | $3.24B | iShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 21, 2025 | 19 | $2.14B | iShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 23, 2025 | 19 | $2.16B | iShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 22, 2025 | 20 | $2.11B | iShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 29, 2025 | 17 | $2.20B | iShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETF | – | SEC |