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Livermore
Livermore
ZHEN

Schnieders Capital Management LLC

SEC CIK
0001603937
Latest filing
Jul 30, 2025

The latest 13F from Schnieders Capital Management LLC covers Q2 2025 (filed Jul 30, 2025): 224 long positions worth $569.7M. The top 10 holdings make up 41.1% of the portfolio, and the largest is Microsoft Corp (MSFT) at 9.7%. Livermore has 18 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2025

Share counts compared with Q1 2025: 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
27
Est. +$23.1M
Added
89
Est. +$47.9M
Reduced
56
Est. −$9.96M
Sold out
6
Est. −$1.34M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    9.7%$55.1MHistory
  2. AAPLApple Inc.
    5.0%$28.4MHistory
  3. AMZNAmazon Com Inc
    4.3%$24.3MHistory
  4. METAMeta Platforms, Inc.
    3.8%$21.5MHistory
  5. Invesco QQQ Trust Series I46090E103
    3.7%$20.9M

Share of portfolio

Top 5 holdings and the other 219 positions, by share of portfolio value

  1. MSFT9.7%
  2. AAPL5.0%
  3. AMZN4.3%
  4. META3.8%
  5. Invesco QQQ Trust Series I3.7%
  6. Other 219 positions73.7%

Biggest buys

New and added positions, by estimated amount bought

  1. APOApollo Global Management, Inc.
    +$7.95MNewHistory
  2. NVDANVIDIA Corp
    +$6.50MAddedHistory
  3. METAMeta Platforms, Inc.
    +$5.43MAddedHistory
  4. AMZNAmazon Com Inc
    +$4.13MAddedHistory
  5. Vanguard Information Technology ETF92204A702
    +$3.52MAdded

Largest weight increases

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

  1. NVDANVIDIA Corp
    +1.50 pp1.8% → 3.3%History
  2. APOApollo Global Management, Inc.
    +1.40 pp0.0% → 1.4%History
  3. MSFTMicrosoft Corp
    +1.15 pp8.5% → 9.7%History
  4. METAMeta Platforms, Inc.
    +1.09 pp2.7% → 3.8%History
  5. ORCLOracle Corp
    +0.70 pp1.3% → 2.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$2.51MReducedHistory
  2. IBMInternational Business Machines Corp
    −$955.4KReducedHistory
  3. PFEPfizer Inc
    −$871.4KReducedHistory
  4. State Street Technology Select Sector SPDR ETF81369Y803
    −$553.6KReduced
  5. UPSUnited Parcel Service Inc
    −$391.5KSold outHistory

Largest weight decreases

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

  1. AAPLApple Inc.
    −2.16 pp7.1% → 5.0%History
  2. UNHUnitedHealth Group Inc
    −0.75 pp1.4% → 0.6%History
  3. WMWaste Management Inc
    −0.30 pp1.5% → 1.2%History
  4. SPYSPDR S&P 500 ETF Trust
    −0.29 pp2.6% → 2.3%History
  5. ABTAbbott Laboratories
    −0.23 pp1.4% → 1.2%History

Metrics

13F metrics for Q2 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$569.7M
+$101.7M (+21.7%) vs. prior quarter
Positions
224
+21 vs. prior quarter
Top 10 concentration
41.1%
Top 10 as share of value
Turnover
2.2%
Q2 2025, one quarter
Average holding period
16.4 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

18 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $569.7M (Q2 2025)

Q1 2021: $333.5MQ2 2021: $367.2MQ3 2021: $371.6MQ4 2021: $427.2MQ1 2022: $419.6MQ2 2022: $335.3MQ3 2022: $377.8MQ4 2022: $436.1MQ1 2023: $445.7MQ2 2023: $478.8MQ3 2023: $446.5MQ4 2023: $453.8MQ1 2024: $485.1MQ2 2024: $495.2MQ3 2024: $524.7MQ4 2024: $504.5MQ1 2025: $468.0MQ2 2025: $569.7M
Q1 2021Q2 2025
13F filings of Schnieders Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2025Jul 30, 2025224$569.7MMSFTAAPLAMZNvs. Q1 2025SEC
Q1 2025May 9, 2025203$468.0MMSFTAAPLInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Feb 5, 2025206$504.5MMSFTAAPLAMZNvs. Q3 2024SEC
Q3 2024Nov 12, 2024215$524.7MMSFTAAPLGOOGLvs. Q2 2024SEC
Q2 2024Aug 13, 2024200$495.2MMSFTAAPLGOOGLvs. Q1 2024SEC
Q1 2024Apr 25, 2024206$485.1MMSFTAAPLInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 2, 2024199$453.8MMSFTAAPLGOOGLvs. Q3 2023SEC
Q3 2023Nov 8, 2023182$446.5MMSFTAAPLGOOGLvs. Q2 2023SEC
Q2 2023Aug 1, 2023197$478.8MAAPLMSFTGOOGLvs. Q1 2023SEC
Q1 2023May 15, 2023198$445.7MAAPLMSFTJNJvs. Q4 2022SEC
Q4 2022Feb 14, 2023199$436.1MAAPLMSFTJNJvs. Q3 2022SEC
Q3 2022Nov 9, 2022187$377.8MAAPLMSFTJNJvs. Q2 2022SEC
Q2 2022Jul 28, 2022180$335.3MMSFTAAPLJNJvs. Q1 2022SEC
Q1 2022Apr 27, 2022201$419.6MAAPLMSFTGOOGvs. Q4 2021SEC
Q4 2021Feb 3, 2022203$427.2MMSFTAAPLGOOGvs. Q3 2021SEC
Q3 2021Nov 1, 2021188$371.6MMSFTAAPLAMZNvs. Q2 2021SEC
Q2 2021Aug 10, 2021189$367.2MMSFTAAPLAMZNvs. Q1 2021SEC
Q1 2021May 12, 2021178$333.5MMSFTAAPLDIS–SEC