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Livermore
Livermore
ZHEN

Neumann Capital Management, LLC

SEC CIK
0001631930
Latest filing
Jul 10, 2026

The latest 13F from Neumann Capital Management, LLC covers Q2 2026 (filed Jul 10, 2026): 58 long positions worth $151.2M. The top 10 holdings make up 57.4% of the portfolio, and the largest is iShares Core S&P Small Cap ETF at 11.6%. 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
4
Est. +$982.1K
Added
12
Est. +$1.17M
Reduced
18
Est. −$836.5K
Sold out
48
Est. −$202.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P Small Cap ETF464287804
    11.6%$17.6M
  2. Vanguard Intermediate-Term Bond ETF921937819
    11.1%$16.7M
  3. iShares Core S&P Mid-Cap ETF464287507
    10.6%$16.1M
  4. Vanguard Real Estate ETF922908553
    3.9%$5.96M
  5. iShares Core S&P U.S. Growth ETF464287671
    3.5%$5.24M

Share of portfolio

Top 5 holdings and the other 53 positions, by share of portfolio value

  1. iShares Core S&P Small Cap ETF11.6%
  2. Vanguard Intermediate-Term Bond ETF11.1%
  3. iShares Core S&P Mid-Cap ETF10.6%
  4. Vanguard Real Estate ETF3.9%
  5. iShares Core S&P U.S. Growth ETF3.5%
  6. Other 53 positions59.2%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$544.0KAdded
  2. PANWPalo Alto Networks Inc
    +$336.2KNewHistory
  3. CDNSCadence Design Systems Inc
    +$225.2KNewHistory
  4. iShares Core S&P 500 ETF464287200
    +$220.2KAdded
  5. CATCaterpillar Inc
    +$216.2KNewHistory

Largest weight increases

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

  1. iShares Core S&P Small Cap ETF464287804
    +7.31 pp4.3% → 11.6%
  2. iShares Core S&P Mid-Cap ETF464287507
    +6.51 pp4.1% → 10.6%
  3. Vanguard Intermediate-Term Bond ETF921937819
    +6.12 pp5.0% → 11.1%
  4. Vanguard S&P 500 ETF922908363
    +2.21 pp1.2% → 3.4%
  5. iShares Core S&P U.S. Growth ETF464287671
    +2.20 pp1.3% → 3.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$27.3MSold outHistory
  2. iShares Core MSCI Eafe ETF46432F842
    −$26.9MSold out
  3. AAPLApple Inc.
    −$19.2MSold outHistory
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −$16.1MSold out
  5. SPYSPDR S&P 500 ETF Trust
    −$15.2MSold outHistory

Largest weight decreases

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

  1. NVDANVIDIA Corp
    −8.05 pp8.1% → 0.0%History
  2. iShares Core MSCI Eafe ETF46432F842
    −7.93 pp7.9% → 0.0%
  3. AAPLApple Inc.
    −5.65 pp5.7% → 0.0%History
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −4.73 pp4.7% → 0.0%
  5. SPYSPDR S&P 500 ETF Trust
    −4.48 pp4.5% → 0.0%History

Metrics

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

Portfolio value
$151.2M
−$188.4M (−55.5%) vs. prior quarter
Positions
58
−44 vs. prior quarter
Top 10 concentration
57.4%
Top 10 as share of value
Turnover
0.9%
Q2 2026, one quarter
Average holding period
20.0 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 $346.1M (Q4 2025)

Q1 2021: $210.3MQ2 2021: $222.7MQ3 2021: $222.8MQ4 2021: $245.5MQ1 2022: $235.4MQ2 2022: $197.4MQ3 2022: $194.4MQ4 2022: $213.1MQ1 2023: $227.5MQ2 2023: $241.5MQ3 2023: $229.4MQ4 2023: $252.1MQ1 2024: $280.5MQ2 2024: $291.0MQ3 2024: $300.6MQ4 2024: $301.0MQ1 2025: $289.3MQ2 2025: $318.0MQ3 2025: $341.9MQ4 2025: $346.1MQ1 2026: $339.5MQ2 2026: $151.2M
Q1 2021Q2 2026
13F filings of Neumann Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 202658$151.2MiShares Core S&P Small Cap ETFVanguard Intermediate-Term Bond ETFiShares Core S&P Mid-Cap ETFvs. Q1 2026SEC
Q1 2026Apr 13, 2026102$339.5MNVDAiShares Core MSCI Eafe ETFAAPLvs. Q4 2025SEC
Q4 2025Jan 14, 2026101$346.1MNVDAiShares Core MSCI Eafe ETFAAPLvs. Q3 2025SEC
Q3 2025Oct 16, 2025103$341.9MNVDAiShares Core MSCI Eafe ETFORCLvs. Q2 2025SEC
Q2 2025Jul 17, 2025100$318.0MNVDAiShares Core MSCI Eafe ETFSPYvs. Q1 2025SEC
Q1 2025Apr 16, 202599$289.3MiShares Core MSCI Eafe ETFNVDAAAPLvs. Q4 2024SEC
Q4 2024Jan 21, 2025101$301.0MNVDAiShares Core MSCI Eafe ETFAAPLvs. Q3 2024SEC
Q3 2024Nov 6, 2024101$300.6MNVDAiShares Core MSCI Eafe ETFAAPLvs. Q2 2024SEC
Q2 2024Aug 9, 202498$291.0MNVDAiShares Core MSCI Eafe ETFAAPLvs. Q1 2024SEC
Q1 2024May 8, 202498$280.5MiShares Core MSCI Eafe ETFNVDASPYvs. Q4 2023SEC
Q4 2023Feb 7, 202491$252.1MiShares Core MSCI Eafe ETFAAPLSPYvs. Q3 2023SEC
Q3 2023Nov 3, 202393$229.4MiShares Core MSCI Eafe ETFAAPLSPYvs. Q2 2023SEC
Q2 2023Aug 10, 202392$241.5MAAPLiShares Core MSCI Eafe ETFSPYvs. Q1 2023SEC
Q1 2023May 2, 202390$227.5MiShares Core MSCI Eafe ETFAAPLiShares Core MSCI Emerging Markets ETFvs. Q4 2022SEC
Q4 2022Feb 6, 202389$213.1MiShares Core MSCI Eafe ETFAAPLiShares Core S&P Small Cap ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202286$194.4MAAPLiShares Core S&P Small Cap ETFSPYvs. Q2 2022SEC
Q2 2022Jul 20, 202281$197.4MAAPLiShares Core S&P Small Cap ETFSPYvs. Q1 2022SEC
Q1 2022May 9, 202287$235.4MAAPLiShares Core S&P Small Cap ETFSPYvs. Q4 2021SEC
Q4 2021Feb 3, 202291$245.5MAAPLiShares MSCI Eafe ETFiShares Core S&P Small Cap ETFvs. Q3 2021SEC
Q3 2021Nov 1, 202186$222.8MiShares MSCI Eafe ETFiShares Core S&P Small Cap ETFAAPLvs. Q2 2021SEC
Q2 2021Jul 21, 202185$222.7MiShares MSCI Eafe ETFiShares Core S&P Small Cap ETFiShares Core S&P Mid-Cap ETFvs. Q1 2021SEC
Q1 2021May 13, 202181$210.3MiShares MSCI Eafe ETFiShares Core S&P Small Cap ETFiShares Core S&P Mid-Cap ETF–SEC