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Livermore
Livermore
ZHEN

Belpointe Asset Management LLC

SEC CIK
0001721242
Latest filing
Jul 31, 2026

The latest 13F from Belpointe Asset Management LLC covers Q2 2026 (filed Jul 31, 2026): 1,121 long positions worth $3.06B. The top 10 holdings make up 21.4% of the portfolio, and the largest is Invesco QQQ Trust Series I at 3.0%. 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
181
Est. +$101.9M
Added
486
Est. +$212.4M
Reduced
395
Est. −$208.5M
Sold out
126
Est. −$79.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    3.0%$91.7M
  2. SPYSPDR S&P 500 ETF Trust
    2.9%$89.1MHistory
  3. NVDANVIDIA Corp
    2.6%$79.5MHistory
  4. AAPLApple Inc.
    2.4%$74.4MHistory
  5. Collaborative Investmnt Ser19423L458
    2.2%$67.0M

Biggest buys

New and added positions, by estimated amount bought

  1. Capital Group GBL Growth EQT14020X104
    +$10.2MAdded
  2. Vanguard S&P 500 ETF922908363
    +$5.47MAdded
  3. Tidal Trust III45259A548
    +$5.41MAdded
  4. NVDANVIDIA Corp
    +$5.15MAddedHistory
  5. Collaborative Investmnt Ser19423L458
    +$4.74MAdded

Largest weight increases

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

  1. Capital Group GBL Growth EQT14020X104
    +0.34 pp<0.1% → 0.4%
  2. NVDANVIDIA Corp
    +0.23 pp2.4% → 2.6%History
  3. Vanguard S&P 500 ETF922908363
    +0.21 pp1.2% → 1.4%
  4. Collaborative Investmnt Ser19423L425
    +0.20 pp1.5% → 1.7%
  5. Tidal Trust III45259A548
    +0.18 pp0.5% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$32.3MReducedHistory
  2. Invesco QQQ Trust Series I46090E103
    −$14.9MReduced
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$13.3MReduced
  4. Collaborative Investmnt Ser19423L417
    −$7.91MReduced
  5. SPDR Series Trust78468R606
    −$6.93MReduced

Largest weight decreases

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

  1. SPYSPDR S&P 500 ETF Trust
    −0.95 pp3.9% → 2.9%History
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.52 pp0.8% → 0.3%
  3. Collaborative Investmnt Ser19423L417
    −0.48 pp2.1% → 1.6%
  4. SPDR Series Trust78468R606
    −0.30 pp0.8% → 0.5%
  5. iShares Flexible Income Active ETF092528603
    −0.23 pp0.9% → 0.7%

Metrics

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

Portfolio value
$3.06B
+$321.0M (+11.7%) vs. prior quarter
Positions
1,121
+55 vs. prior quarter
Top 10 concentration
21.4%
Top 10 as share of value
Turnover
9.9%
Q2 2026, one quarter
Average holding period
15.1 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 $3.06B (Q2 2026)

Q1 2021: $1.17BQ2 2021: $1.39BQ3 2021: $1.47BQ4 2021: $1.60BQ1 2022: $1.65BQ2 2022: $1.49BQ3 2022: $1.48BQ4 2022: $1.65BQ1 2023: $1.85BQ2 2023: $945.4MQ3 2023: $965.6MQ4 2023: $1.14BQ1 2024: $1.34BQ2 2024: $1.43BQ3 2024: $1.67BQ4 2024: $1.66BQ1 2025: $1.92BQ2 2025: $2.40BQ3 2025: $2.62BQ4 2025: $2.77BQ1 2026: $2.74BQ2 2026: $3.06B
Q1 2021Q2 2026
13F filings of Belpointe Asset Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 20261,121$3.06BInvesco QQQ Trust Series ISPYNVDAvs. Q1 2026SEC
Q1 2026Apr 28, 20261,066$2.74BSPYInvesco QQQ Trust Series IAAPLvs. Q4 2025SEC
Q4 2025Jan 27, 20261,019$2.77BNOWSPYInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Nov 3, 2025982$2.62BNOWNVDAInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Jul 22, 2025935$2.40BNOWNVDAInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 20, 2025914$1.92BiShares TrAAPLSPYvs. Q4 2024SEC
Q4 2024Feb 13, 2025849$1.66BAAPLSPYInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Nov 13, 2024927$1.67BAAPLSPYInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Aug 2, 2024849$1.43BAAPLSPYInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 8, 2024783$1.34BAAPLSPYInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 13, 2024701$1.14BSPYAAPLInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Nov 15, 2023650$965.6MSPYAAPLInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Aug 15, 2023612$945.4MSPYAAPLInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023May 15, 20233,721$1.85BAAPLSPYBRK.Bvs. Q4 2022SEC
Q4 2022Feb 8, 20233,677$1.65BAAPLSPYBRK.Bvs. Q3 2022SEC
Q3 2022Nov 14, 20221,159$1.48BAAPLSPYBRK.Bvs. Q2 2022SEC
Q2 2022Aug 2, 20221,126$1.49BAAPLSPYBRK.Bvs. Q1 2022SEC
Q1 2022Apr 28, 20221,221$1.65BAAPLBRK.BSPYvs. Q4 2021SEC
Q4 2021Feb 15, 20221,196$1.60BAAPLSPYBRK.Bvs. Q3 2021SEC
Q3 2021Nov 15, 20211,162$1.47BAAPLSPYAMZNvs. Q2 2021SEC
Q2 2021Aug 9, 20211,129$1.39BAAPLAMZNSPYvs. Q1 2021SEC
Q1 2021May 14, 20211,004$1.17BAAPLAMZNKraneshares Tr–SEC