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Livermore
Livermore
ZHEN

Analyst IMS Investment Management Services Ltd.

SEC CIK
0001634208
Latest filing
Jul 29, 2026

The latest 13F from Analyst IMS Investment Management Services Ltd. covers Q2 2026 (filed Jul 29, 2026): 152 long positions worth $4.30B. The top 10 holdings make up 79.5% of the portfolio, and the largest is Invesco QQQ Trust Series I at 30.6%. 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
26
Est. +$177.5M
Added
21
Est. +$293.2M
Reduced
56
Est. −$118.2M
Sold out
18
Est. −$9.24M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    30.6%$1.32B
  2. SPYSPDR S&P 500 ETF Trust
    14.1%$607.4MHistory
  3. Vanguard S&P 500 ETF922908363
    8.9%$383.8M
  4. iShares Semiconductor ETF464287523
    8.5%$366.3M
  5. iShares Tr464288182
    6.6%$284.5M

Share of portfolio

Top 5 holdings and the other 147 positions, by share of portfolio value

  1. Invesco QQQ Trust Series I30.6%
  2. SPY14.1%
  3. Vanguard S&P 500 ETF8.9%
  4. iShares Semiconductor ETF8.5%
  5. iShares Tr6.6%
  6. Other 147 positions31.3%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Semiconductor ETF464287523
    +$237.2MAdded
  2. iShares Inc464286772
    +$50.1MNew
  3. iShares Inc46434G772
    +$45.7MNew
  4. iShares Tr464288513
    +$28.8MNew
  5. iShares Tr464288182
    +$19.5MAdded

Largest weight increases

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

  1. iShares Semiconductor ETF464287523
    +6.50 pp2.0% → 8.5%
  2. iShares Inc464286772
    +1.16 pp0.0% → 1.2%
  3. iShares Inc46434G772
    +1.06 pp0.0% → 1.1%
  4. iShares Tr464288513
    +0.67 pp0.0% → 0.7%
  5. Invesco Nasdaq 100 ETF46138G649
    +0.21 pp0.4% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$38.2MReducedHistory
  2. Vanguard S&P 500 ETF922908363
    −$27.3MReduced
  3. iShares Core S&P 500 ETF464287200
    −$13.8MReduced
  4. SPGSimon Property Group Inc.
    −$11.3MReducedHistory
  5. CIENCiena Corp
    −$7.23MReducedHistory

Largest weight decreases

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

  1. SPYSPDR S&P 500 ETF Trust
    −2.98 pp17.1% → 14.1%History
  2. Vanguard S&P 500 ETF922908363
    −1.95 pp10.9% → 8.9%
  3. iShares Core S&P 500 ETF464287200
    −1.08 pp6.2% → 5.1%
  4. WIXWix.com Ltd.
    −0.83 pp1.3% → 0.5%History
  5. SPGSimon Property Group Inc.
    −0.38 pp1.4% → 1.0%History

Metrics

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

Portfolio value
$4.30B
+$1.01B (+30.8%) vs. prior quarter
Positions
152
+8 vs. prior quarter
Top 10 concentration
79.5%
Top 10 as share of value
Turnover
3.4%
Q2 2026, one quarter
Average holding period
18.7 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 $4.30B (Q2 2026)

Q1 2021: $746.1MQ2 2021: $834.4MQ3 2021: $812.2MQ4 2021: $1.05BQ1 2022: $1.13BQ2 2022: $1.05BQ3 2022: $1.03BQ4 2022: $1.17BQ1 2023: $1.32BQ2 2023: $1.49BQ3 2023: $1.60BQ4 2023: $1.93BQ1 2024: $2.30BQ2 2024: $2.44BQ3 2024: $2.60BQ4 2024: $2.73BQ1 2025: $2.57BQ2 2025: $2.93BQ3 2025: $3.22BQ4 2025: $3.43BQ1 2026: $3.29BQ2 2026: $4.30B
Q1 2021Q2 2026
13F filings of Analyst IMS Investment Management Services Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026152$4.30BInvesco QQQ Trust Series ISPYVanguard S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 23, 2026144$3.29BInvesco QQQ Trust Series ISPYVanguard S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 20, 2026128$3.43BInvesco QQQ Trust Series ISPYVanguard S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 20, 2025120$3.22BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 4, 2025129$2.93BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 21, 2025133$2.57BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Feb 10, 2025129$2.73BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q3 2024SEC
Q3 2024Nov 12, 2024135$2.60BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q2 2024SEC
Q2 2024Aug 12, 2024130$2.44BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024May 15, 2024113$2.30BSPYVanguard S&P 500 ETFInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 12, 2024108$1.93BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 31, 2023102$1.60BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Jul 31, 202399$1.49BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 2, 202394$1.32BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 8, 2023101$1.17BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202299$1.03BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Jul 25, 2022101$1.05BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q1 2022SEC
Q1 2022Apr 28, 2022102$1.13BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 10, 2022104$1.05BSPYInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q3 2021SEC
Q3 2021Nov 16, 202199$812.2MSPYInvesco QQQ Trust Series IiShares Core S&P 500 ETFvs. Q2 2021SEC
Q2 2021Aug 5, 202199$834.4MSPYInvesco QQQ Trust Series IiShares Core S&P 500 ETFvs. Q1 2021SEC
Q1 2021May 6, 202196$746.1MSPYInvesco QQQ Trust Series IiShares Core S&P 500 ETF–SEC