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Livermore
Livermore
ZHEN

Virtue Capital Management, LLC

SEC CIK
0001729985
Latest filing
Aug 5, 2026

The latest 13F from Virtue Capital Management, LLC covers Q2 2026 (filed Aug 5, 2026): 343 long positions worth $748.9M. The top 10 holdings make up 34.1% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 6.5%. Livermore has 24 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
71
Est. +$54.2M
Added
127
Est. +$104.5M
Reduced
132
Est. −$55.4M
Sold out
50
Est. −$93.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    6.5%$48.7MHistory
  2. iShares Tr464287440
    5.3%$39.7M
  3. First Tr Exchange-Traded FD33738D309
    3.8%$28.5M
  4. Vanguard S&P 500 ETF922908363
    3.0%$22.5M
  5. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    2.9%$21.7M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287440
    +$11.4MAdded
  2. SPYSPDR S&P 500 ETF Trust
    +$7.64MAddedHistory
  3. First Tr Exchange-Traded FD33734X176
    +$6.62MNew
  4. iShares Core High Dividend ETF46429B663
    +$6.61MNew
  5. Invesco QQQ Trust Series I46090E103
    +$5.81MAdded

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +1.22 pp5.3% → 6.5%History
  2. MUMicron Technology Inc
    +1.06 pp0.3% → 1.3%History
  3. Invesco QQQ Trust Series I46090E103
    +1.03 pp1.6% → 2.7%
  4. iShares Tr464287440
    +0.95 pp4.3% → 5.3%
  5. SNDKSandisk Corp
    +0.90 pp0.3% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ProShares Tr74347R107
    −$19.3MSold out
  2. iShares Tr464287457
    −$17.6MSold out
  3. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    −$9.66MReduced
  4. iShares Tr464287556
    −$8.84MSold out
  5. First Tr Exchange-Traded FD33734X184
    −$7.07MSold out

Largest weight decreases

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

  1. ProShares Tr74347R107
    −2.94 pp2.9% → 0.0%
  2. iShares Tr464287457
    −2.69 pp2.7% → 0.0%
  3. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    −1.89 pp4.8% → 2.9%
  4. First Tr Exchange-Traded FD33738D309
    −1.37 pp5.2% → 3.8%
  5. iShares Tr464287556
    −1.35 pp1.3% → 0.0%

Metrics

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

Portfolio value
$748.9M
+$93.2M (+14.2%) vs. prior quarter
Positions
343
+21 vs. prior quarter
Top 10 concentration
34.1%
Top 10 as share of value
Turnover
21.2%
Q2 2026, one quarter
Average holding period
11.8 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 $855.4M (Q1 2025)

Q1 2021: $425.0MQ2 2021: $500.7MQ3 2021: $564.8MQ4 2021: $677.9MQ1 2022: $634.7MQ2 2022: $636.1MQ3 2022: $636.8MQ4 2022: $655.1MQ1 2023: $611.1MQ2 2023: $586.2MQ3 2023: $587.4MQ4 2023: $492.5MQ1 2024: $555.1MQ2 2024: $583.1MQ3 2024: $499.5MQ4 2024: $496.7MQ1 2025: $855.4MQ2 2025: $543.5MQ3 2025: $456.6MQ4 2025: $647.8MQ1 2026: $655.7MQ2 2026: $748.9M
Q1 2021Q2 2026
13F filings of Virtue Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026343$748.9MSPYiShares TrFirst Tr Exchange-Traded FDvs. Q1 2026SEC
Q1 2026May 7, 2026322$655.7MSPYFirst Tr Exchange-Traded FDState Street SPDR Portfolio Aggregate Bond ETFvs. Q4 2025SEC
Q4 2025Feb 18, 2026Amended307$647.8MSPYFirst Tr Exchange-Traded FDInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Feb 18, 2026Amended297$456.6MBASAProShares TriShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q2 2025SEC
Q2 2025Aug 13, 2025261$543.5MSPYVanEck ETF TrustInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 15, 2025463$855.4MiShares TrVanEck ETF TrustState Street SPDR Portfolio S&P 500 ETFvs. Q4 2024SEC
Q4 2024Feb 26, 2025254$496.7MInvesco Exchange Traded FD TVanEck ETF TrustiShares Trvs. Q3 2024SEC
Q3 2024Nov 18, 2024264$499.5MInvesco Exchange Traded FD TPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanEck ETF Trustvs. Q2 2024SEC
Q2 2024Aug 13, 2024373$583.1MInvesco Exchange Traded FD TVanEck ETF TrustiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q1 2024SEC
Q1 2024May 15, 2024383$555.1MInvesco Exchange Traded FD TVanEck ETF TrustiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q4 2023SEC
Q4 2023Feb 15, 2024357$492.5MInvesco Exchange Traded FD TVanEck ETF TrustiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023407$587.4MInvesco Exchange Traded FD TVanguard S&P 500 ETFiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q2 2023SEC
Q2 2023Jul 18, 2023398$586.2MInvesco Exchange Traded FD TVanguard S&P 500 ETFiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q1 2023SEC
Q1 2023May 11, 2023390$611.1MiShares Trust iShares 0-1 Year Treasury Bond ETFFirst Tr Exchange-Traded FDPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q4 2022SEC
Q4 2022Feb 10, 2023379$655.1MiShares Trust iShares 0-1 Year Treasury Bond ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundFirst Tr Exchange-Traded FDvs. Q3 2022SEC
Q3 2022Nov 15, 2022263$636.8MiShares Trust iShares 0-1 Year Treasury Bond ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundFirst Tr Exchange-Traded FDvs. Q2 2022SEC
Q2 2022Aug 10, 2022277$636.1MiShares Trust iShares 0-1 Year Treasury Bond ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanEck ETF Trustvs. Q1 2022SEC
Q1 2022May 16, 2022393$634.7MInvesco Exchange Traded FD TiShares Core U.S. Aggregate Bond ETFiShares Trvs. Q4 2021SEC
Q4 2021Jan 24, 2022408$677.9MInvesco Exchange Traded FD TiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFvs. Q3 2021SEC
Q3 2021Nov 12, 2021378$564.8MInvesco Exchange Traded FD TiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFvs. Q2 2021SEC
Q2 2021Jul 15, 2021294$500.7MInvesco Exchange Traded FD TiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFvs. Q1 2021SEC
Q1 2021May 13, 2021284$425.0MInvesco Exchange Traded FD TVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETF–SEC