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Livermore
Livermore
ZHEN

Verdence Capital Advisors LLC

SEC CIK
0001719305
Latest filing
Jul 29, 2026

The latest 13F from Verdence Capital Advisors LLC covers Q2 2026 (filed Jul 29, 2026): 653 long positions worth $1.90B. The top 10 holdings make up 21.9% of the portfolio, and the largest is State Street SPDR Bloomberg 1-3 Month T-Bill ETF at 3.5%. 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
64
Est. +$26.3M
Added
184
Est. +$88.5M
Reduced
365
Est. −$139.8M
Sold out
49
Est. −$22.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    3.5%$66.4M
  2. AAPLApple Inc.
    3.0%$57.0MHistory
  3. Janus Detroit STR Tr47103U845
    2.6%$49.0M
  4. SPYSPDR S&P 500 ETF Trust
    2.1%$40.1MHistory
  5. iShares Core U.S. Aggregate Bond ETF464287226
    2.0%$38.3M

Share of portfolio

Top 5 holdings and the other 648 positions, by share of portfolio value

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF3.5%
  2. AAPL3.0%
  3. Janus Detroit STR Tr2.6%
  4. SPY2.1%
  5. iShares Core U.S. Aggregate Bond ETF2.0%
  6. Other 648 positions86.8%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$12.5MAdded
  2. Janus Detroit STR Tr47103U845
    +$9.87MAdded
  3. WPCW. P. Carey Inc.
    +$5.97MAddedHistory
  4. BXBlackstone Inc.
    +$5.65MAddedHistory
  5. SYKStryker Corp
    +$3.55MAddedHistory

Largest weight increases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +0.35 pp3.1% → 3.5%
  2. INTCIntel Corp
    +0.31 pp0.1% → 0.4%History
  3. Janus Detroit STR Tr47103U845
    +0.30 pp2.3% → 2.6%
  4. WPCW. P. Carey Inc.
    +0.29 pp0.5% → 0.8%History
  5. BXBlackstone Inc.
    +0.29 pp0.1% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$33.3MReducedHistory
  2. AMATApplied Materials Inc
    −$6.31MReducedHistory
  3. KLACKLA Corp
    −$5.71MReducedConverted for a 10-for-1 splitHistory
  4. SPYSPDR S&P 500 ETF Trust
    −$5.34MReducedHistory
  5. ELVElevance Health, Inc.
    −$5.07MReducedHistory

Largest weight decreases

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

  1. iShares Tr46429B655
    −0.48 pp2.3% → 1.8%
  2. XOMExxonMobil Holdings Corp
    −0.37 pp1.2% → 0.9%History
  3. MSFTMicrosoft Corp
    −0.32 pp2.0% → 1.7%History
  4. ELVElevance Health, Inc.
    −0.22 pp0.2% → <0.1%History
  5. HONHoneywell International Inc
    −0.21 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$1.90B
+$189.7M (+11.1%) vs. prior quarter
Positions
653
+15 vs. prior quarter
Top 10 concentration
21.9%
Top 10 as share of value
Turnover
6.3%
Q2 2026, one quarter
Average holding period
17.5 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 $1.90B (Q2 2026)

Q1 2021: $593.3MQ2 2021: $721.0MQ3 2021: $760.4MQ4 2021: $848.1MQ1 2022: $882.7MQ2 2022: $773.0MQ3 2022: $725.1MQ4 2022: $813.3MQ1 2023: $827.3MQ2 2023: $861.4MQ3 2023: $921.3MQ4 2023: $1.03BQ1 2024: $1.10BQ2 2024: $1.12BQ3 2024: $1.26BQ4 2024: $1.24BQ1 2025: $1.31BQ2 2025: $1.46BQ3 2025: $1.74BQ4 2025: $1.69BQ1 2026: $1.71BQ2 2026: $1.90B
Q1 2021Q2 2026
13F filings of Verdence Capital Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026653$1.90BState Street SPDR Bloomberg 1-3 Month T-Bill ETFAAPLJanus Detroit STR Trvs. Q1 2026SEC
Q1 2026Apr 30, 2026638$1.71BState Street SPDR Bloomberg 1-3 Month T-Bill ETFAAPLSPYvs. Q4 2025SEC
Q4 2025Jan 29, 2026653$1.69BAAPLState Street SPDR Bloomberg 1-3 Month T-Bill ETFMSFTvs. Q3 2025SEC
Q3 2025Oct 29, 2025700$1.74BAAPLState Street SPDR Bloomberg 1-3 Month T-Bill ETFMSFTvs. Q2 2025SEC
Q2 2025Jul 25, 2025671$1.46BMSFTiShares TrAAPLvs. Q1 2025SEC
Q1 2025May 2, 2025649$1.31BAAPLiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2024SEC
Q4 2024Feb 6, 2025631$1.24BAAPLMSFTSPYvs. Q3 2024SEC
Q3 2024Nov 1, 2024638$1.26BAAPLMSFTSPYvs. Q2 2024SEC
Q2 2024Jul 25, 2024591$1.12BAAPLMSFTSPYvs. Q1 2024SEC
Q1 2024Apr 25, 2024586$1.10BAAPLMSFTSPYvs. Q4 2023SEC
Q4 2023Feb 1, 2024566$1.03BAAPLMSFTSPYvs. Q3 2023SEC
Q3 2023Oct 25, 2023559$921.3MAAPLMSFTSPYvs. Q2 2023SEC
Q2 2023Jul 31, 2023534$861.4MAAPLMSFTSPYvs. Q1 2023SEC
Q1 2023Apr 24, 2023538$827.3MAAPLMSFTSPYvs. Q4 2022SEC
Q4 2022Jan 23, 2023496$813.3MVanguard Scottsdale FDSiShares MSCI Eafe ETFAAPLvs. Q3 2022SEC
Q3 2022Nov 15, 2022518$725.1MAAPLiShares TrMSFTvs. Q2 2022SEC
Q2 2022Aug 8, 2022509$773.0MAAPLiShares MSCI Eafe ETFiShares Trvs. Q1 2022SEC
Q1 2022May 2, 2022510$882.7MAAPLiShares TriShares MSCI Eafe ETFvs. Q4 2021SEC
Q4 2021Jan 26, 2022499$848.1MAAPLiShares MSCI Eafe ETFiShares Trvs. Q3 2021SEC
Q3 2021Nov 12, 2021491$760.4MAAPLiShares TrSPYvs. Q2 2021SEC
Q2 2021Aug 6, 2021475$721.0MAAPLiShares TrSPYvs. Q1 2021SEC
Q1 2021May 11, 2021431$593.3MAAPLSPYiShares MSCI Eafe ETF–SEC