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Livermore
Livermore
ZHEN

Performa Ltd (US), LLC

SEC CIK
0001650303
Latest filing
Aug 3, 2026

The latest 13F from Performa Ltd (US), LLC covers Q2 2026 (filed Aug 3, 2026): 49 long positions worth $619.7M. The top 10 holdings make up 92.9% of the portfolio, and the largest is Vanguard S&P 500 ETF at 22.1%. Livermore has 24 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
6
Est. +$11.4M
Added
20
Est. +$120.0M
Reduced
14
Est. −$8.61M
Sold out
4
Est. −$91.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    22.1%$137.2M
  2. iShares Russell Midcap ETF464287499
    20.0%$124.0M
  3. Vanguard Morningstar Mid-Cap ETF922908629
    12.2%$75.8M
  4. SPYSPDR S&P 500 ETF Trust
    11.6%$71.9MHistory
  5. DBX ETF Tr233051432
    9.5%$58.7M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Russell Midcap ETF464287499
    +$102.1MAdded
  2. SPYSPDR S&P 500 ETF Trust
    +$11.0MAddedHistory
  3. Invesco QQQ Trust Series I46090E103
    +$5.89MNew
  4. Vanguard Morningstar Small-Cap Value ETF922908611
    +$3.05MAdded
  5. Vanguard Morningstar Total Stock Market ETF922908769
    +$2.96MNew

Largest weight increases

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

  1. iShares Russell Midcap ETF464287499
    +15.64 pp4.4% → 20.0%
  2. Invesco QQQ Trust Series I46090E103
    +0.95 pp0.0% → 1.0%
  3. Vanguard Morningstar Total Stock Market ETF922908769
    +0.48 pp0.0% → 0.5%
  4. SPDR Series Trust78464A763
    +0.23 pp0.0% → 0.2%
  5. iShares Tr464287689
    +0.17 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Mid-Cap ETF922908629
    −$4.62MReducedConverted for a 4-for-1 split
  2. DBX ETF Tr233051432
    −$1.16MReduced
  3. LESLLeslie's, Inc.
    −$916.5KReducedHistory
  4. State Street SPDR S&P Software & Services ETF78464A599
    −$859.0KReduced
  5. iShares Core S&P Small Cap ETF464287804
    −$461.5KReduced

Largest weight decreases

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

  1. Vanguard Morningstar Mid-Cap ETF922908629
    −3.98 pp16.2% → 12.2%
  2. DBX ETF Tr233051432
    −3.94 pp13.4% → 9.5%
  3. iShares Core S&P Small Cap ETF464287804
    −0.35 pp1.9% → 1.5%
  4. Invesco S&P 500 Quality ETF46137V241
    −0.31 pp1.7% → 1.4%
  5. State Street SPDR S&P Software & Services ETF78464A599
    −0.26 pp0.9% → 0.6%

Metrics

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

Portfolio value
$619.7M
+$177.7M (+40.2%) vs. prior quarter
Positions
49
+2 vs. prior quarter
Top 10 concentration
92.9%
Top 10 as share of value
Turnover
1.6%
Q2 2026, one quarter
Average holding period
18.1 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 $619.7M (Q2 2026)

Q1 2021: $133.7MQ2 2021: $143.2MQ3 2021: $170.9MQ4 2021: $163.0MQ1 2022: $142.2MQ2 2022: $137.9MQ3 2022: $149.7MQ4 2022: $173.1MQ1 2023: $191.1MQ2 2023: $203.5MQ3 2023: $210.4MQ4 2023: $230.3MQ1 2024: $227.3MQ2 2024: $243.0MQ3 2024: $269.2MQ4 2024: $284.0MQ1 2025: $300.6MQ2 2025: $331.7MQ3 2025: $377.1MQ4 2025: $394.1MQ1 2026: $442.0MQ2 2026: $619.7M
Q1 2021Q2 2026
13F filings of Performa Ltd (US), LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 202649$619.7MVanguard S&P 500 ETFiShares Russell Midcap ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2026SEC
Q1 2026May 6, 202647$442.0MVanguard S&P 500 ETFVanguard Morningstar Mid-Cap ETFDBX ETF Trvs. Q4 2025SEC
Q4 2025Feb 10, 202650$394.1MVanguard S&P 500 ETFSPYVanguard Morningstar Mid-Cap ETFvs. Q3 2025SEC
Q3 2025Nov 4, 202551$377.1MVanguard S&P 500 ETFSPYVanguard Morningstar Mid-Cap ETFvs. Q2 2025SEC
Q2 2025Aug 11, 202551$331.7MVanguard S&P 500 ETFSPYDBX ETF Trvs. Q1 2025SEC
Q1 2025May 9, 202551$300.6MVanguard S&P 500 ETFSPYDBX ETF Trvs. Q4 2024SEC
Q4 2024Feb 10, 202551$284.0MVanguard S&P 500 ETFSPYDBX ETF Trvs. Q3 2024SEC
Q3 2024Nov 14, 202451$269.2MSPYVanguard S&P 500 ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2024SEC
Q2 2024Aug 12, 202454$243.0MSPYVanguard S&P 500 ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2024SEC
Q1 2024May 10, 202457$227.3MSPYVanguard S&P 500 ETFVanguard Morningstar Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Feb 6, 202451$230.3MSPYVanguard S&P 500 ETFVanguard Morningstar Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Nov 1, 202377$210.4MSPYVanguard S&P 500 ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Aug 4, 202377$203.5MSPYVanguard S&P 500 ETFDBX ETF Trvs. Q1 2023SEC
Q1 2023May 1, 202378$191.1MSPYVanguard S&P 500 ETFDBX ETF Trvs. Q4 2022SEC
Q4 2022Feb 3, 202370$173.1MSPYVanguard S&P 500 ETFiShares Trvs. Q3 2022SEC
Q3 2022Nov 9, 202280$149.7MSPYVanguard S&P 500 ETFiShares Trvs. Q2 2022SEC
Q2 2022Aug 2, 202264$137.9MSPYVanguard S&P 500 ETFDBX ETF Trvs. Q1 2022SEC
Q1 2022May 13, 2022Amended56$142.2MSPYVanguard S&P 500 ETFiShares MSCI USA Quality Factor ETFvs. Q4 2021SEC
Q4 2021Jan 31, 202267$163.0MSPYVanguard S&P 500 ETFiShares MSCI USA Quality Factor ETFvs. Q3 2021SEC
Q3 2021Oct 28, 202159$170.9MSPYVanguard S&P 500 ETFiShares MSCI USA Quality Factor ETFvs. Q2 2021SEC
Q2 2021Jul 28, 2021Amended48$143.2MSPYVanguard S&P 500 ETFVanguard Morningstar Small-Cap Growth ETFvs. Q1 2021SEC
Q1 2021May 6, 202139$133.7MSPYVanguard Morningstar Small-Cap Growth ETFVanguard Ftse All-World Ex-US Index Fund–SEC