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Livermore
Livermore
ZHEN

KWMG, LLC

SEC CIK
0001633024
Latest filing
Jul 8, 2026

The latest 13F from KWMG, LLC covers Q2 2026 (filed Jul 8, 2026): 153 long positions worth $1.38B. The top 10 holdings make up 32.0% of the portfolio, and the largest is Vanguard Ftse Developed Markets ETF at 5.3%. Livermore has 23 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
12
Est. +$3.50M
Added
84
Est. +$51.2M
Reduced
47
Est. −$11.9M
Sold out
6
Est. −$17.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Ftse Developed Markets ETF921943858
    5.3%$72.8M
  2. State Street Technology Select Sector SPDR ETF81369Y803
    4.2%$57.8M
  3. Vanguard Morningstar Mid-Cap Growth ETF922908538
    3.3%$45.5M
  4. Vanguard Morningstar Mid-Cap Value ETF922908512
    3.1%$42.4M
  5. Dimensional U.S. Small Cap ETF25434V500
    3.0%$42.1M

Biggest buys

New and added positions, by estimated amount bought

  1. DVNDevon Energy Corp
    +$6.83MAddedHistory
  2. State Street Health Care Select Sector SPDR ETF81369Y209
    +$4.64MAdded
  3. Vanguard Short-Term Bond ETF921937827
    +$2.90MAdded
  4. Vanguard Total Bond Market ETF921937835
    +$2.11MAdded
  5. iShares S&P 500 Value ETF464287408
    +$1.93MAdded

Largest weight increases

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

  1. State Street Technology Select Sector SPDR ETF81369Y803
    +0.87 pp3.3% → 4.2%
  2. DVNDevon Energy Corp
    +0.29 pp0.7% → 1.0%History
  3. Vanguard Information Technology ETF92204A702
    +0.28 pp1.4% → 1.6%
  4. Invesco QQQ Trust Series I46090E103
    +0.27 pp2.4% → 2.7%
  5. iShares S&P 500 Growth ETF464287309
    +0.25 pp2.4% → 2.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CTRACoterra Energy Inc.
    −$8.77MSold outHistory
  2. SEESealed Air Corp
    −$7.27MSold outHistory
  3. STXSeagate Technology Holdings plc
    −$4.72MReducedHistory
  4. GLWCorning Inc
    −$1.41MReducedHistory
  5. LRCXLam Research Corp
    −$1.10MReducedHistory

Largest weight decreases

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

  1. CTRACoterra Energy Inc.
    −0.73 pp0.7% → 0.0%History
  2. SEESealed Air Corp
    −0.61 pp0.6% → 0.0%History
  3. VLOValero Energy Corp
    −0.17 pp1.4% → 1.3%History
  4. ROSTRoss Stores, Inc.
    −0.14 pp0.9% → 0.8%History
  5. Vanguard Real Estate ETF922908553
    −0.13 pp1.9% → 1.8%

Metrics

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

Portfolio value
$1.38B
+$185.8M (+15.5%) vs. prior quarter
Positions
153
+6 vs. prior quarter
Top 10 concentration
32.0%
Top 10 as share of value
Turnover
2.3%
Q2 2026, one quarter
Average holding period
19.8 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 $1.38B (Q2 2026)

Q1 2021: $627.2MQ2 2021: $666.8MQ3 2021: $685.3MQ4 2021: $739.2MQ1 2022: $729.2MQ2 2022: $663.9MQ3 2022: $650.2MQ4 2022: $704.1MQ1 2023: $740.9MQ2 2023: $807.6MQ3 2023: $795.0MQ4 2023: $853.8MQ1 2024: $914.0MQ2 2024: $927.4MQ3 2024: $994.0MQ4 2024: $971.0MQ1 2025: $982.7MQ2 2025: $1.06BQ3 2025: $1.14BQ4 2025: $1.16BQ1 2026: $1.20BQ2 2026: $1.38B
Q1 2021Q2 2026
13F filings of KWMG, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 8, 2026153$1.38BVanguard Ftse Developed Markets ETFState Street Technology Select Sector SPDR ETFVanguard Morningstar Mid-Cap Growth ETFvs. Q1 2026SEC
Q1 2026Apr 9, 2026147$1.20BVanguard Ftse Developed Markets ETFState Street Technology Select Sector SPDR ETFVanguard Morningstar Mid-Cap Value ETFvs. Q4 2025SEC
Q4 2025Jan 16, 2026149$1.16BVanguard Ftse Developed Markets ETFState Street Technology Select Sector SPDR ETFVanguard Morningstar Mid-Cap Growth ETFvs. Q3 2025SEC
Q3 2025Oct 8, 2025150$1.14BVanguard Ftse Developed Markets ETFState Street Technology Select Sector SPDR ETFVanguard Morningstar Mid-Cap Growth ETFvs. Q2 2025SEC
Q2 2025Jul 15, 2025146$1.06BVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap Growth ETFState Street Technology Select Sector SPDR ETFvs. Q1 2025SEC
Q1 2025Apr 9, 2025143$982.7MVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap Growth ETFVanguard Real Estate ETFvs. Q4 2024SEC
Q4 2024Jan 13, 2025139$971.0MVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap Growth ETFVanguard Real Estate ETFvs. Q3 2024SEC
Q3 2024Oct 7, 2024136$994.0MVanguard Ftse Developed Markets ETFVanguard Real Estate ETFVanguard Morningstar Mid-Cap Growth ETFvs. Q2 2024SEC
Q2 2024Jul 12, 2024134$927.4MVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap Growth ETFVanguard Real Estate ETFvs. Q1 2024SEC
Q1 2024Apr 15, 2024127$914.0MVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap Growth ETFVanguard Morningstar Mid-Cap Value ETFvs. Q4 2023SEC
Q4 2023Jan 11, 2024137$853.8MVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap Growth ETFVanguard Real Estate ETFvs. Q3 2023SEC
Q3 2023Oct 10, 2023135$795.0MVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap Growth ETFiShares Tips Bond ETFvs. Q2 2023SEC
Q2 2023Jul 10, 2023135$807.6MVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap Growth ETFiShares Tips Bond ETFvs. Q1 2023SEC
Q1 2023Apr 6, 2023139$740.9MVanguard Ftse Developed Markets ETFiShares Tips Bond ETFVanguard Morningstar Mid-Cap Growth ETFvs. Q4 2022SEC
Q4 2022Jan 10, 2023137$704.1MVanguard Ftse Developed Markets ETFiShares Tips Bond ETFVanguard Real Estate ETFvs. Q3 2022SEC
Q3 2022Oct 26, 2022140$650.2MVanguard Ftse Developed Markets ETFiShares Tips Bond ETFVanguard Real Estate ETFvs. Q2 2022SEC
Q2 2022Jul 12, 2022140$663.9MVanguard Ftse Developed Markets ETFiShares Tips Bond ETFVanguard Real Estate ETFvs. Q1 2022SEC
Q1 2022Apr 25, 2022Amended141$729.2MVanguard Ftse Developed Markets ETFVanguard Real Estate ETFiShares Tips Bond ETFvs. Q4 2021SEC
Q4 2021Jan 20, 2022145$739.2MVanguard Ftse Developed Markets ETFVanguard Real Estate ETFiShares Tips Bond ETFvs. Q3 2021SEC
Q3 2021Oct 7, 2021143$685.3MVanguard Ftse Developed Markets ETFiShares Tips Bond ETFVanguard Real Estate ETFvs. Q2 2021SEC
Q2 2021Jul 13, 2021142$666.8MVanguard Ftse Developed Markets ETFiShares Tips Bond ETFVanguard Real Estate ETFvs. Q1 2021SEC
Q1 2021Apr 12, 2021141$627.2MVanguard Ftse Developed Markets ETFiShares Tips Bond ETFVanguard Real Estate ETF–SEC