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Livermore
Livermore
ZHEN

Klingman & Associates, LLC

SEC CIK
0001662449
Latest filing
Jul 29, 2026

The latest 13F from Klingman & Associates, LLC covers Q2 2026 (filed Jul 29, 2026): 350 long positions worth $2.35B. The top 10 holdings make up 52.7% of the portfolio, and the largest is iShares Core S&P 500 ETF at 16.9%. 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
33
Est. +$9.83M
Added
164
Est. +$43.9M
Reduced
112
Est. −$34.0M
Sold out
15
Est. −$7.35M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    16.9%$397.5M
  2. Vanguard Malvern FDS922020805
    5.6%$131.2M
  3. iShares Core S&P Mid-Cap ETF464287507
    5.3%$123.7M
  4. iShares Core MSCI Eafe ETF46432F842
    4.1%$96.8M
  5. Vanguard Ftse Developed Markets ETF921943858
    3.8%$88.8M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Malvern FDS922020805
    +$9.35MAdded
  2. iShares Core MSCI Eafe ETF46432F842
    +$4.33MAdded
  3. iShares Core S&P Mid-Cap ETF464287507
    +$3.70MAdded
  4. Invesco Exch Traded FD Tr II46138G698
    +$3.13MAdded
  5. iShares Core S&P 500 ETF464287200
    +$3.02MAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +0.45 pp16.5% → 16.9%
  2. iShares Core S&P Small Cap ETF464287804
    +0.24 pp3.5% → 3.8%
  3. iShares Core S&P Mid-Cap ETF464287507
    +0.24 pp5.0% → 5.3%
  4. AMATApplied Materials Inc
    +0.15 pp0.2% → 0.3%History
  5. iShares Core MSCI Emerging Markets ETF46434G103
    +0.15 pp1.6% → 1.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. J P Morgan Exchange Traded F46641Q654
    −$5.43MReduced
  2. DDOGDatadog, Inc.
    −$3.81MReducedHistory
  3. CFGCitizens Financial Group Inc
    −$3.29MReducedHistory
  4. SPDR Series Trust78464A821
    −$2.98MReduced
  5. State Street SPDR S&P 400 Mid Cap Value ETF78464A839
    −$2.78MReduced

Largest weight decreases

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

  1. J P Morgan Exchange Traded F46641Q654
    −0.26 pp0.3% → <0.1%
  2. iShares Ibonds Dec 2028 Term Corporate ETF46435U515
    −0.19 pp1.6% → 1.4%
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.15 pp1.6% → 1.5%
  4. State Street SPDR S&P 400 Mid Cap Value ETF78464A839
    −0.13 pp1.5% → 1.4%
  5. SPDR Series Trust78464A763
    −0.11 pp1.3% → 1.2%

Metrics

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

Portfolio value
$2.35B
+$259.7M (+12.4%) vs. prior quarter
Positions
350
+18 vs. prior quarter
Top 10 concentration
52.7%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
20.4 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 $2.35B (Q2 2026)

Q1 2021: $967.2MQ2 2021: $1.04BQ3 2021: $1.07BQ4 2021: $1.16BQ1 2022: $1.18BQ2 2022: $1.02BQ3 2022: $1.02BQ4 2022: $1.14BQ1 2023: $1.16BQ2 2023: $1.24BQ3 2023: $1.24BQ4 2023: $1.36BQ1 2024: $1.44BQ2 2024: $1.48BQ3 2024: $1.61BQ4 2024: $1.63BQ1 2025: $1.63BQ2 2025: $1.81BQ3 2025: $1.98BQ4 2025: $2.07BQ1 2026: $2.09BQ2 2026: $2.35B
Q1 2021Q2 2026
13F filings of Klingman & Associates, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026350$2.35BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core S&P Mid-Cap ETFvs. Q1 2026SEC
Q1 2026May 14, 2026332$2.09BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core S&P Mid-Cap ETFvs. Q4 2025SEC
Q4 2025Jan 29, 2026326$2.07BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core S&P Mid-Cap ETFvs. Q3 2025SEC
Q3 2025Oct 27, 2025319$1.98BiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Malvern FDSvs. Q2 2025SEC
Q2 2025Jul 30, 2025314$1.81BiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Malvern FDSvs. Q1 2025SEC
Q1 2025May 13, 2025263$1.63BiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Malvern FDSvs. Q4 2024SEC
Q4 2024Jan 31, 2025256$1.63BiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFSPYvs. Q3 2024SEC
Q3 2024Nov 1, 2024265$1.61BiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFSPYvs. Q2 2024SEC
Q2 2024Jul 30, 2024249$1.48BiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFSPYvs. Q1 2024SEC
Q1 2024May 1, 2024237$1.44BiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFSPYvs. Q4 2023SEC
Q4 2023Jan 29, 2024225$1.36BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core S&P Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 30, 2023219$1.24BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core S&P Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Jul 31, 2023216$1.24BiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Malvern FDSvs. Q1 2023SEC
Q1 2023May 3, 2023199$1.16BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core S&P Mid-Cap ETFvs. Q4 2022SEC
Q4 2022Feb 3, 2023203$1.14BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core S&P Mid-Cap ETFvs. Q3 2022SEC
Q3 2022Oct 28, 2022188$1.02BiShares Core S&P 500 ETFVanguard Malvern FDSSPYvs. Q2 2022SEC
Q2 2022Jul 27, 2022193$1.02BiShares Core S&P 500 ETFVanguard Malvern FDSSPYvs. Q1 2022SEC
Q1 2022May 6, 2022204$1.18BiShares Core S&P 500 ETFJPMorgan Ultra-Short Income ETFVanguard Malvern FDSvs. Q4 2021SEC
Q4 2021Jan 31, 2022182$1.16BiShares Core S&P 500 ETFJPMorgan Ultra-Short Income ETFSPYvs. Q3 2021SEC
Q3 2021Nov 1, 2021173$1.07BiShares Core S&P 500 ETFJPMorgan Ultra-Short Income ETFVanguard Malvern FDSvs. Q2 2021SEC
Q2 2021Jul 27, 2021163$1.04BiShares Core S&P 500 ETFJPMorgan Ultra-Short Income ETFVanguard Malvern FDSvs. Q1 2021SEC
Q1 2021Apr 29, 2021172$967.2MiShares Core S&P 500 ETFJPMorgan Ultra-Short Income ETFVanguard Malvern FDS–SEC