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Livermore
Livermore
ZHEN

Select Asset Management & Trust

SEC CIK
0001600636
Latest filing
Aug 11, 2026

The latest 13F from Select Asset Management & Trust covers Q2 2026 (filed Aug 11, 2026): 79 long positions worth $347.3M. The top 10 holdings make up 79.3% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 34.1%. 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
8
Est. +$10.6M
Added
8
Est. +$4.49M
Reduced
21
Est. −$12.7M
Sold out
6
Est. −$9.93M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    34.1%$118.5MHistory
  2. DIASPDR Dow Jones Industrial Average ETF Trust
    8.8%$30.5MHistory
  3. Vanguard Dividend Appreciation ETF921908844
    8.2%$28.6M
  4. Vanguard World FD921910840
    6.7%$23.1M
  5. Invesco Exchange Traded FD T46137V357
    5.6%$19.4M

Biggest buys

New and added positions, by estimated amount bought

  1. XOMExxonMobil Holdings Corp
    +$5.50MNewHistory
  2. LMRILumexa Imaging Holdings, Inc.
    +$3.14MNewHistory
  3. Invesco Exchange Traded FD T46137V357
    +$1.91MAdded
  4. MSFTMicrosoft Corp
    +$1.12MAddedHistory
  5. BHRBBurke & Herbert Financial Services Corp.
    +$778.0KNewHistory

Largest weight increases

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

  1. XOMExxonMobil Holdings Corp
    +1.58 pp0.0% → 1.6%History
  2. LMRILumexa Imaging Holdings, Inc.
    +0.90 pp0.0% → 0.9%History
  3. Invesco Exchange Traded FD T46137V357
    +0.66 pp4.9% → 5.6%
  4. Vanguard World FD921910840
    +0.36 pp6.3% → 6.7%
  5. BHRBBurke & Herbert Financial Services Corp.
    +0.22 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$7.15MReducedHistory
  2. XOMExxonMobil Holdings Corp
    −$6.98MSold outHistory
  3. EMEEMCOR Group, Inc.
    −$2.07MReducedHistory
  4. CWANClearwater Analytics Holdings, Inc.
    −$1.75MSold outHistory
  5. Vanguard Dividend Appreciation ETF921908844
    −$874.3KReduced

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −2.18 pp2.2% → 0.0%History
  2. CWANClearwater Analytics Holdings, Inc.
    −0.55 pp0.5% → 0.0%History
  3. EMEEMCOR Group, Inc.
    −0.41 pp5.3% → 4.8%History
  4. iShares Tr464288877
    −0.20 pp3.1% → 2.9%
  5. Vanguard High Dividend Yield Index ETF921946406
    −0.16 pp0.2% → 0.0%

Metrics

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

Portfolio value
$347.3M
+$27.1M (+8.5%) vs. prior quarter
Positions
79
+2 vs. prior quarter
Top 10 concentration
79.3%
Top 10 as share of value
Turnover
4.5%
Q2 2026, one quarter
Average holding period
18.1 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 $347.3M (Q2 2026)

Q1 2021: $150.4MQ2 2021: $176.1MQ3 2021: $138.6MQ4 2021: $151.1MQ1 2022: $117.0MQ2 2022: $93.0MQ3 2022: $83.9MQ4 2022: $83.2MQ1 2023: $113.4MQ2 2023: $163.8MQ3 2023: $172.2MQ4 2023: $203.0MQ1 2024: $240.7MQ2 2024: $250.9MQ3 2024: $271.5MQ4 2024: $258.0MQ1 2025: $249.5MQ2 2025: $291.9MQ3 2025: $324.8MQ4 2025: $321.5MQ1 2026: $320.2MQ2 2026: $347.3M
Q1 2021Q2 2026
13F filings of Select Asset Management & Trust by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 202679$347.3MSPYDIAVanguard Dividend Appreciation ETFvs. Q1 2026SEC
Q1 2026May 15, 202677$320.2MSPYDIAVanguard Dividend Appreciation ETFvs. Q4 2025SEC
Q4 2025Feb 10, 202676$321.5MSPYDIAVanguard Dividend Appreciation ETFvs. Q3 2025SEC
Q3 2025Oct 30, 202583$324.8MSPYDIAVanguard Dividend Appreciation ETFvs. Q2 2025SEC
Q2 2025Aug 14, 202578$291.9MSPYDIAVanguard Dividend Appreciation ETFvs. Q1 2025SEC
Q1 2025May 12, 202571$249.5MSPYDIAVanguard Dividend Appreciation ETFvs. Q4 2024SEC
Q4 2024Feb 13, 202572$258.0MSPYDIAVanguard Dividend Appreciation ETFvs. Q3 2024SEC
Q3 2024Nov 14, 202469$271.5MSPYDIAiShares S&P 100 ETFvs. Q2 2024SEC
Q2 2024Aug 12, 202465$250.9MSPYDIAiShares S&P 100 ETFvs. Q1 2024SEC
Q1 2024May 14, 202465$240.7MSPYDIAiShares MSCI Eafe ETFvs. Q4 2023SEC
Q4 2023Feb 13, 202467$203.0MSPYDIAiShares MSCI Eafe ETFvs. Q3 2023SEC
Q3 2023Nov 13, 202365$172.2MSPYDIAiShares MSCI Eafe ETFvs. Q2 2023SEC
Q2 2023Aug 11, 202366$163.8MSPYMCDDIAvs. Q1 2023SEC
Q1 2023May 12, 202361$113.4MSPYSchwab US Dividend Equity ETFVanguard Dividend Appreciation ETFvs. Q4 2022SEC
Q4 2022Feb 9, 202354$83.2MSPYVanguard World FDVanguard Dividend Appreciation ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202258$83.9MSPYVanguard World FDiShares Select Dividend ETFvs. Q2 2022SEC
Q2 2022Aug 12, 202260$93.0MSPYVanguard World FDSchwab US Dividend Equity ETFvs. Q1 2022SEC
Q1 2022May 13, 202264$117.0MSPYVanguard World FDSchwab US Dividend Equity ETFvs. Q4 2021SEC
Q4 2021Feb 8, 202266$151.1MVanguard World FDSPYVanguard Dividend Appreciation ETFvs. Q3 2021SEC
Q3 2021Nov 9, 202163$138.6MVanguard World FDVanguard Whitehall FDSSPYvs. Q2 2021SEC
Q2 2021Aug 10, 202167$176.1MVanguard World FDVanguard Dividend Appreciation ETFVanguard Whitehall FDSvs. Q1 2021SEC
Q1 2021May 13, 202165$150.4MVanguard World FDVanguard Dividend Appreciation ETFSPY–SEC