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Livermore
Livermore
ZHEN

Turim 21 Investimentos Ltda.

SEC CIK
0001652174
Latest filing
Aug 10, 2026

The latest 13F from Turim 21 Investimentos Ltda. covers Q2 2026 (filed Aug 10, 2026): 121 long positions worth $611.4M. The top 10 holdings make up 87.1% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 25.6%. 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
8
Est. +$57.3M
Added
15
Est. +$151.6M
Reduced
4
Est. −$8.79M
Sold out
4
Est. −$7.96M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    25.6%$156.3M
  2. iShares Inc464286400
    14.7%$89.8M
  3. VanEck Vectors ETF Tr92189F403
    7.5%$45.7M
  4. Vanguard Scottsdale FDS92206C664
    7.3%$44.7M
  5. VALEVale S.A.
    6.3%$38.3MHistory

Share of portfolio

Top 5 holdings and the other 116 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF25.6%
  2. iShares Inc14.7%
  3. VanEck Vectors ETF Tr7.5%
  4. Vanguard Scottsdale FDS7.3%
  5. VALE6.3%
  6. Other 116 positions38.7%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Inc464286400
    +$89.4MAdded
  2. VanEck Vectors ETF Tr92189F403
    +$45.7MNew
  3. iShares Core MSCI Emerging Markets ETF46434G103
    +$35.8MAdded
  4. ProShares Tr Ultrapro Short S74347B268
    +$12.6MAdded
  5. XYZBlock, Inc.
    +$10.6MNewHistory

Largest weight increases

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

  1. iShares Inc464286400
    +14.56 pp0.1% → 14.7%
  2. VanEck Vectors ETF Tr92189F403
    +7.47 pp0.0% → 7.5%
  3. Vanguard Scottsdale FDS92206C664
    +7.31 pp0.0% → 7.3%
  4. iShares Core MSCI Emerging Markets ETF46434G103
    +5.81 pp0.1% → 5.9%
  5. XYZBlock, Inc.
    +1.74 pp0.0% → 1.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ERICEricsson LM Telephone Co
    −$7.55MSold outHistory
  2. AMZNAmazon Com Inc
    −$3.95MReducedHistory
  3. GOOGAlphabet Inc.
    −$2.71MReducedHistory
  4. VALEVale S.A.
    −$2.01MReducedHistory
  5. VanEck ETF Trust92189F106
    −$255.9KSold out

Largest weight decreases

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

  1. VALEVale S.A.
    −6.01 pp12.3% → 6.3%History
  2. AMZNAmazon Com Inc
    −3.12 pp7.1% → 4.0%History
  3. GOOGAlphabet Inc.
    −2.31 pp6.2% → 3.9%History
  4. ERICEricsson LM Telephone Co
    −2.17 pp2.2% → 0.0%History
  5. SGMLSigma Lithium Corp
    −0.09 pp0.2% → 0.1%History

Metrics

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

Portfolio value
$611.4M
+$264.0M (+76.0%) vs. prior quarter
Positions
121
+4 vs. prior quarter
Top 10 concentration
87.1%
Top 10 as share of value
Turnover
3.5%
Q2 2026, one quarter
Average holding period
9.0 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 $611.4M (Q2 2026)

Q1 2021: $168.6MQ2 2021: $300.0MQ3 2021: $216.4MQ4 2021: $229.1MQ1 2022: $229.9MQ2 2022: $115.3MQ3 2022: $116.8MQ4 2022: $183.1MQ1 2023: $98.9MQ2 2023: $197.4MQ3 2023: $227.1MQ4 2023: $312.8MQ1 2024: $393.2MQ2 2024: $392.0MQ3 2024: $363.4MQ4 2024: $383.9MQ1 2025: $372.3MQ2 2025: $511.1MQ3 2025: $287.4MQ4 2025: $258.5MQ1 2026: $347.4MQ2 2026: $611.4M
Q1 2021Q2 2026
13F filings of Turim 21 Investimentos Ltda. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026121$611.4MVanguard Morningstar Total Stock Market ETFiShares IncVanEck Vectors ETF Trvs. Q1 2026SEC
Q1 2026May 15, 2026117$347.4MVanguard Morningstar Total Stock Market ETFVALEiShares Trvs. Q4 2025SEC
Q4 2025Feb 17, 2026115$258.5MVanguard Morningstar Total Stock Market ETFiShares MSCI Eafe ETFVALEvs. Q3 2025SEC
Q3 2025Nov 14, 2025117$287.4MVanguard Morningstar Total Stock Market ETFiShares MSCI Eafe ETFVALEvs. Q2 2025SEC
Q2 2025Aug 14, 202583$511.1MiShares IncSPYiShares MSCI Eafe ETFvs. Q1 2025SEC
Q1 2025May 15, 202581$372.3MSPYiShares MSCI Eafe ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2024SEC
Q4 2024Feb 14, 202584$383.9MSPYInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q3 2024SEC
Q3 2024Nov 14, 202479$363.4MSPYInvesco Exchange Traded FD TVALEvs. Q2 2024SEC
Q2 2024Aug 14, 202474$392.0MSPYInvesco Exchange Traded FD TInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 15, 202474$393.2MSPYInvesco Exchange Traded FD TVALEvs. Q4 2023SEC
Q4 2023Feb 14, 202480$312.8MSPYInvesco Exchange Traded FD TVALEvs. Q3 2023SEC
Q3 2023Nov 14, 202375$227.1MSPYInvesco Exchange Traded FD TVALEvs. Q2 2023SEC
Q2 2023Aug 11, 202377$197.4MSPYVALEInvesco Exchange Traded FD Tvs. Q1 2023SEC
Q1 2023May 15, 202365$98.9MVALESPYInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Feb 14, 202373$183.1MSPYVALEInvesco QQQ Trust Series Ivs. Q3 2022SEC
Q3 2022Nov 14, 202287$116.8MSPYInvesco QQQ Trust Series IiShares Incvs. Q2 2022SEC
Q2 2022Aug 15, 2022100$115.3MGLDSPYInvesco QQQ Trust Series Ivs. Q1 2022SEC
Q1 2022May 13, 2022119$229.9MVALEGLDiShares U.S. ETF Trust iShares Gsci Commodity Dynamic Roll Strategy ETFvs. Q4 2021SEC
Q4 2021Feb 14, 202298$229.1MVALEDISKraneshares Trustvs. Q3 2021SEC
Q3 2021Nov 12, 202195$216.4MDISAMZNKraneshares Trustvs. Q2 2021SEC
Q2 2021Aug 13, 2021110$300.0MKraneshares TrustAMZNTSLAvs. Q1 2021SEC
Q1 2021May 14, 202193$168.6MAgnico Eagle Mines LtdDISKraneshares Trust–SEC