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Livermore
Livermore
ZHEN

Jacobi Capital Management LLC

SEC CIK
0001689646
Latest filing
Jul 31, 2026

The latest 13F from Jacobi Capital Management LLC covers Q2 2026 (filed Jul 31, 2026): 644 long positions worth $2.04B. The top 10 holdings make up 33.9% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 14.7%. 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
38
Est. +$32.4M
Added
348
Est. +$65.8M
Reduced
212
Est. −$21.7M
Sold out
26
Est. −$21.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    14.7%$301.0MHistory
  2. BRK.BBerkshire Hathaway Inc
    5.0%$101.7MHistory
  3. Invesco QQQ Trust Series I46090E103
    3.3%$66.8M
  4. Vanguard Morningstar Total Stock Market ETF922908769
    1.9%$38.2M
  5. SPDR Series Trust78464A805
    1.7%$33.8M

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Actvely MNGD Etc FD46090F100
    +$13.4MNew
  2. BRK.BBerkshire Hathaway Inc
    +$6.29MAddedHistory
  3. Innovator ETFs Trust45783Y855
    +$4.88MAdded
  4. ETF Opportunities Trust26923N405
    +$2.61MAdded
  5. iShares Russell 2000 ETF464287655
    +$2.48MAdded

Largest weight increases

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

  1. Invesco Actvely MNGD Etc FD46090F100
    +0.65 pp0.0% → 0.7%
  2. Invesco QQQ Trust Series I46090E103
    +0.41 pp2.9% → 3.3%
  3. MUMicron Technology Inc
    +0.30 pp0.1% → 0.4%History
  4. Innovator ETFs Trust45783Y855
    +0.23 pp0.1% → 0.3%
  5. iShares Russell 2000 ETF464287655
    +0.20 pp1.2% → 1.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Index Shs FDS78463X103
    −$13.2MSold out
  2. SPYSPDR S&P 500 ETF Trust
    −$2.06MReducedHistory
  3. HONHoneywell International Inc
    −$1.75MSold outHistory
  4. Capital Grp Fixed Incm ETF T14020Y607
    −$1.36MReduced
  5. GLDSPDR Gold Trust
    −$1.16MReducedHistory

Largest weight decreases

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

  1. SPDR Index Shs FDS78463X103
    −0.74 pp0.7% → 0.0%
  2. GLDSPDR Gold Trust
    −0.30 pp1.0% → 0.7%History
  3. XOMExxonMobil Holdings Corp
    −0.18 pp0.5% → 0.3%History
  4. WMTWalmart Inc.
    −0.17 pp0.8% → 0.6%History
  5. CVXChevron Corp
    −0.15 pp0.5% → 0.3%History

Metrics

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

Portfolio value
$2.04B
+$254.4M (+14.2%) vs. prior quarter
Positions
644
+12 vs. prior quarter
Top 10 concentration
33.9%
Top 10 as share of value
Turnover
2.3%
Q2 2026, one quarter
Average holding period
18.2 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 $2.04B (Q2 2026)

Q1 2021: $677.5MQ2 2021: $756.7MQ3 2021: $786.4MQ4 2021: $839.0MQ1 2022: $836.9MQ2 2022: $751.7MQ3 2022: $730.4MQ4 2022: $799.7MQ1 2023: $842.7MQ2 2023: $894.0MQ3 2023: $884.6MQ4 2023: $975.0MQ1 2024: $1.08BQ2 2024: $1.15BQ3 2024: $1.32BQ4 2024: $1.34BQ1 2025: $1.36BQ2 2025: $1.51BQ3 2025: $1.64BQ4 2025: $1.73BQ1 2026: $1.79BQ2 2026: $2.04B
Q1 2021Q2 2026
13F filings of Jacobi Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 2026644$2.04BSPYBRK.BInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026May 14, 2026632$1.79BSPYBRK.BInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Feb 13, 2026610$1.73BSPYBRK.BInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Nov 7, 2025592$1.64BSPYBRK.BInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Aug 12, 2025589$1.51BSPYBRK.BInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 27, 2025562$1.36BSPYBRK.BInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Feb 5, 2025566$1.34BSPYBRK.BInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Nov 14, 2024557$1.32BSPYBRK.BInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Aug 9, 2024514$1.15BSPYBRK.BInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 10, 2024479$1.08BSPYBRK.BInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 14, 2024466$975.0MSPYBRK.BInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Nov 13, 2023430$884.6MSPYBRK.BInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Aug 8, 2023439$894.0MSPYBRK.BInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023May 5, 2023420$842.7MSPYBRK.BInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Feb 13, 2023411$799.7MSPYBRK.BInvesco QQQ Trust Series Ivs. Q3 2022SEC
Q3 2022Nov 9, 2022400$730.4MSPYBRK.BInvesco QQQ Trust Series Ivs. Q2 2022SEC
Q2 2022Aug 5, 2022407$751.7MSPYBRK.BInvesco QQQ Trust Series Ivs. Q1 2022SEC
Q1 2022May 6, 2022415$836.9MSPYBRK.BInvesco QQQ Trust Series Ivs. Q4 2021SEC
Q4 2021Feb 14, 2022426$839.0MSPYBRK.BInvesco QQQ Trust Series Ivs. Q3 2021SEC
Q3 2021Nov 15, 20211,466$786.4MSPYBRK.BInvesco QQQ Trust Series Ivs. Q2 2021SEC
Q2 2021Aug 12, 20211,407$756.7MSPYBRK.BInvesco QQQ Trust Series Ivs. Q1 2021SEC
Q1 2021May 11, 20211,379$677.5MSPYBRK.BInvesco QQQ Trust Series I–SEC