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Livermore
Livermore
ZHEN

Rokos Capital Management LLP

SEC CIK
0001666335
Latest filing
Aug 14, 2026

The latest 13F from Rokos Capital Management LLP covers Q2 2026 (filed Aug 14, 2026): 134 long positions worth $7.96B. The top 10 holdings make up 68.8% of the portfolio, and the largest is Invesco QQQ Trust Series I at 52.9%. Livermore has 26 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
63
Est. +$4.97B
Added
27
Est. +$599.5M
Reduced
42
Est. −$2.67B
Sold out
56
Est. −$1.60B

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    52.9%$4.21B
  2. GOOGLAlphabet Inc.
    2.5%$199.2MHistory
  3. NVDANVIDIA Corp
    2.4%$189.7MHistory
  4. SNDKSandisk Corp
    2.1%$165.2MHistory
  5. CCitigroup Inc
    1.9%$151.9MHistory

Share of portfolio

Top 5 holdings and the other 129 positions, by share of portfolio value

  1. Invesco QQQ Trust Series I52.9%
  2. GOOGL2.5%
  3. NVDA2.4%
  4. SNDK2.1%
  5. C1.9%
  6. Other 129 positions38.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco QQQ Trust Series I46090E103
    +$4.21BNew
  2. MSFTMicrosoft Corp
    +$102.9MAddedHistory
  3. AMZNAmazon Com Inc
    +$82.7MAddedHistory
  4. ANETArista Networks, Inc.
    +$73.8MNewHistory
  5. HONAHoneywell Aerospace Inc.
    +$61.6MNewHistory

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +52.86 pp0.0% → 52.9%
  2. SNDKSandisk Corp
    +1.43 pp0.6% → 2.1%History
  3. MSFTMicrosoft Corp
    +1.29 pp<0.1% → 1.3%History
  4. AMZNAmazon Com Inc
    +1.00 pp0.2% → 1.2%History
  5. ANETArista Networks, Inc.
    +0.93 pp0.0% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGLAlphabet Inc.
    −$969.7MReducedHistory
  2. AAPLApple Inc.
    −$302.1MReducedHistory
  3. NVDANVIDIA Corp
    −$181.5MReducedHistory
  4. MUMicron Technology Inc
    −$160.8MReducedHistory
  5. State Street Health Care Select Sector SPDR ETF81369Y209
    −$151.9MSold out

Largest weight decreases

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

  1. GOOGLAlphabet Inc.
    −14.23 pp16.7% → 2.5%History
  2. AAPLApple Inc.
    −5.12 pp6.8% → 1.7%History
  3. NVDANVIDIA Corp
    −3.38 pp5.8% → 2.4%History
  4. State Street Health Care Select Sector SPDR ETF81369Y209
    −2.70 pp2.7% → 0.0%
  5. Invesco Exchange Traded FD T46137V357
    −2.39 pp2.4% → 0.0%

Metrics

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

Portfolio value
$7.96B
+$2.34B (+41.6%) vs. prior quarter
Positions
134
+7 vs. prior quarter
Top 10 concentration
68.8%
Top 10 as share of value
Turnover
62.8%
Q2 2026, one quarter
Average holding period
2.8 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 $7.96B (Q2 2026)

Q1 2021: $4.18BQ2 2021: $1.95BQ3 2021: $663.1MQ4 2021: $502.1MQ1 2022: $1.00BQ2 2022: $1.26BQ3 2022: $1.31BQ4 2022: $992.7MQ1 2023: $1.15BQ2 2023: $4.98BQ3 2023: $2.74BQ4 2023: $3.28BQ1 2024: $3.90BQ2 2024: $4.34BQ3 2024: $2.85BQ4 2024: $4.60BQ1 2025: $3.69BQ2 2025: $5.98BQ3 2025: $7.95BQ4 2025: $6.82BQ1 2026: $5.63BQ2 2026: $7.96B
Q1 2021Q2 2026
13F filings of Rokos Capital Management LLP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026134$7.96BInvesco QQQ Trust Series IGOOGLNVDAvs. Q1 2026SEC
Q1 2026May 15, 2026127$5.63BGOOGLAAPLNVDAvs. Q4 2025SEC
Q4 2025Feb 13, 202692$6.82BGOOGLInvesco QQQ Trust Series IAVGOvs. Q3 2025SEC
Q3 2025Nov 14, 202586$7.95BNVDAGOOGLMSFTvs. Q2 2025SEC
Q2 2025Aug 14, 2025100$5.98BMSFTInvesco QQQ Trust Series IAMZNvs. Q1 2025SEC
Q1 2025May 15, 202576$3.69BAAPLMSFTAMZNvs. Q4 2024SEC
Q4 2024Feb 14, 202571$4.60BInvesco QQQ Trust Series INVDAMSFTvs. Q3 2024SEC
Q3 2024Nov 14, 202459$2.85BMSFTAMZNAVGOvs. Q2 2024SEC
Q2 2024Aug 14, 202477$4.34BAMZNBACMUvs. Q1 2024SEC
Q1 2024May 17, 2024Amended71$3.90BiShares Russell 2000 ETFInvesco QQQ Trust Series IGOOGvs. Q4 2023SEC
Q4 2023Feb 14, 202452$3.28BInvesco QQQ Trust Series IiShares Russell 2000 ETFAAPLvs. Q3 2023SEC
Q3 2023Nov 14, 202379$2.74BMSFTGOOGAMZNvs. Q2 2023SEC
Q2 2023Aug 15, 2023Amended77$4.98BInvesco QQQ Trust Series IMSFTAMZNvs. Q1 2023SEC
Q1 2023May 15, 202353$1.15BGOOGMSFTState Street Energy Select Sector SPDR ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202344$992.7MInvesco QQQ Trust Series IMSFTState Street Energy Select Sector SPDR ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202255$1.31BMSFTState Street Energy Select Sector SPDR ETFSWNvs. Q2 2022SEC
Q2 2022Aug 15, 202254$1.26BEQTBACState Street Energy Select Sector SPDR ETFvs. Q1 2022SEC
Q1 2022Aug 11, 2022Amended56$1.00BState Street Financial Select Sector SPDR ETFMSFTAAPLvs. Q4 2021SEC
Q4 2021Feb 14, 202248$502.1MCRMPCGAMZNvs. Q3 2021SEC
Q3 2021Nov 15, 202177$663.1MTSMMACRMvs. Q2 2021SEC
Q2 2021Aug 16, 2021118$1.95BState Street Financial Select Sector SPDR ETFAAPLBABAvs. Q1 2021SEC
Q1 2021May 13, 202198$4.18BState Street Financial Select Sector SPDR ETFAMZNV–SEC