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Livermore
Livermore
ZHEN

Clear Investment Research, LLC

SEC CIK
0001635523
Latest filing
Aug 11, 2026

The latest 13F from Clear Investment Research, LLC covers Q2 2026 (filed Aug 11, 2026): 57 long positions worth $64.2M. The top 10 holdings make up 53.0% of the portfolio, and the largest is iShares Core S&P 500 ETF at 13.3%. 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
1
Est. +$648.5K
Added
26
Est. +$1.52M
Reduced
26
Est. −$594.7K
Sold out
185
Est. −$7.38M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    13.3%$8.57M
  2. Vanguard World FD921910709
    8.1%$5.23M
  3. Fidelity Merrimack STR Tr316188309
    7.0%$4.50M
  4. Schwab U.S. Large-Cap ETF808524201
    5.2%$3.31M
  5. LLYEli Lilly & Co
    5.1%$3.26MHistory

Share of portfolio

Top 5 holdings and the other 52 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF13.3%
  2. Vanguard World FD8.1%
  3. Fidelity Merrimack STR Tr7.0%
  4. Schwab U.S. Large-Cap ETF5.2%
  5. LLY5.1%
  6. Other 52 positions61.3%

Biggest buys

New and added positions, by estimated amount bought

  1. PIMCO ETF Tr72201R635
    +$648.5KNew
  2. Global X FDS37954Y236
    +$381.9KAdded
  3. Vanguard Mun BD FDS922907746
    +$202.7KAdded
  4. Fidelity Covington Trust31609A503
    +$186.7KAdded
  5. AMZNAmazon Com Inc
    +$157.8KAddedHistory

Largest weight increases

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

  1. PIMCO ETF Tr72201R635
    +1.01 pp0.0% → 1.0%
  2. Global X FDS37954Y236
    +0.68 pp0.3% → 1.0%
  3. AAPLApple Inc.
    +0.52 pp2.5% → 3.0%History
  4. ProShares Tr74347X831
    +0.40 pp0.4% → 0.8%
  5. AMZNAmazon Com Inc
    +0.40 pp1.1% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. USOUnited States Oil Fund, LP
    −$253.5KSold outHistory
  2. LMTLockheed Martin Corp
    −$203.5KSold outHistory
  3. PIMCO ETF Tr72201R718
    −$198.8KSold out
  4. iShares Tr464287432
    −$185.9KReduced
  5. State Street SPDR Portfolio S&P 500 High Dividend ETF78468R788
    −$185.4KSold out

Largest weight decreases

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

  1. USOUnited States Oil Fund, LP
    −0.40 pp0.4% → 0.0%History
  2. LMTLockheed Martin Corp
    −0.32 pp0.3% → 0.0%History
  3. PIMCO ETF Tr72201R718
    −0.31 pp0.3% → 0.0%
  4. iShares Tr464287432
    −0.30 pp1.5% → 1.2%
  5. State Street SPDR Portfolio S&P 500 High Dividend ETF78468R788
    −0.29 pp0.3% → 0.0%

Metrics

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

Portfolio value
$64.2M
+$344.4K (+0.5%) vs. prior quarter
Positions
57
−184 vs. prior quarter
Top 10 concentration
53.0%
Top 10 as share of value
Turnover
3.4%
Q2 2026, one quarter
Average holding period
18.4 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

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

Peak $79.3M (Q2 2025)

Q1 2021: $55.3MQ2 2021: $59.9MQ3 2021: $61.7MQ4 2021: $65.2MQ1 2022: $51.1MQ2 2022: $45.2MQ3 2022: $47.5MQ4 2022: $51.6MQ1 2023: $57.1MQ2 2023: $59.6MQ3 2023: $57.7MQ4 2023: $71.0MQ1 2024: $74.3MQ2 2024: $76.7MQ3 2024: $76.9MQ4 2024: $75.4MQ1 2025: $74.8MQ2 2025: $79.3MQ3 2025: $74.6MQ4 2025: $60.3MQ1 2026: $63.9MQ2 2026: $64.2M
Q1 2021Q2 2026
13F filings of Clear Investment Research, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 202657$64.2MiShares Core S&P 500 ETFVanguard World FDFidelity Merrimack STR Trvs. Q1 2026SEC
Q1 2026May 4, 2026241$63.9MiShares Core S&P 500 ETFVanguard World FDFidelity Merrimack STR Trvs. Q4 2025SEC
Q4 2025Feb 9, 202651$60.3MiShares Core S&P 500 ETFVanguard World FDFidelity Merrimack STR Trvs. Q3 2025SEC
Q3 2025Nov 7, 2025252$74.6MiShares Core S&P 500 ETFVanguard World FDFidelity Merrimack STR Trvs. Q2 2025SEC
Q2 2025Aug 4, 2025230$79.3MiShares Core S&P 500 ETFGPKVanguard World FDvs. Q1 2025SEC
Q1 2025May 9, 2025226$74.8MiShares Core S&P 500 ETFVanguard World FDGPKvs. Q4 2024SEC
Q4 2024Feb 11, 2025225$75.4MiShares Core S&P 500 ETFVanguard World FDGPKvs. Q3 2024SEC
Q3 2024Nov 12, 2024223$76.9MiShares Core S&P 500 ETFVanguard World FDGPKvs. Q2 2024SEC
Q2 2024Aug 8, 2024208$76.7MiShares Core S&P 500 ETFGPKiShares Core S&P Mid-Cap ETFvs. Q1 2024SEC
Q1 2024May 2, 2024217$74.3MiShares Core S&P 500 ETFGPKiShares Core S&P Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Feb 12, 2024268$71.0MiShares Core S&P 500 ETFGPKiShares Core S&P Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Nov 7, 2023202$57.7MGPKiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Aug 9, 2023196$59.6MGPKiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q1 2023SEC
Q1 2023May 9, 2023186$57.1MGPKiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q4 2022SEC
Q4 2022Feb 10, 2023181$51.6MGPKiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q3 2022SEC
Q3 2022Nov 1, 2022169$47.5MGPKiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Aug 5, 2022144$45.2MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Real Estate ETFvs. Q1 2022SEC
Q1 2022May 2, 2022149$51.1MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Real Estate ETFvs. Q4 2021SEC
Q4 2021Jan 24, 2022150$65.2MiShares Core S&P Mid-Cap ETFiShares Core S&P 500 ETFiShares Trvs. Q3 2021SEC
Q3 2021Nov 1, 2021149$61.7MiShares Core S&P Mid-Cap ETFiShares Core S&P 500 ETFiShares Trvs. Q2 2021SEC
Q2 2021Jul 29, 2021149$59.9MiShares TriShares Core S&P Mid-Cap ETFiShares Core S&P 500 ETFvs. Q1 2021SEC
Q1 2021May 5, 2021133$55.3MiShares TriShares Core S&P Mid-Cap ETFiShares Core S&P 500 ETF–SEC