Waterloo Capital, L.P.
- SEC CIK
- 0001730942
- Latest filing
- Jul 29, 2026
The latest 13F from Waterloo Capital, L.P. covers Q2 2026 (filed Jul 29, 2026): 555 long positions worth $1.78B. The top 10 holdings make up 25.6% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 4.2%. Livermore has 14 filings on Form 13F from this institution, going back to Q1 2023.
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.
- New
- 123
- Est. +$172.0M
- Added
- 236
- Est. +$229.7M
- Reduced
- 183
- Est. −$160.2M
- Sold out
- 47
- Est. −$28.3M
Top 5 holdings
Share of this quarter's portfolio value
Biggest buys
New and added positions, by estimated amount bought
- State Street SPDR Portfolio S&P 500 ETF78464A854+$58.9MAdded
- American Centy ETF Tr025072349+$45.9MNew
- Capital Grp Fixed Incm ETF T14020Y409+$18.3MNew
- State Street SPDR Portfolio S&P 500 Growth ETF78464A409+$12.3MAdded
- ASMLASML Holding NV
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- State Street SPDR Portfolio S&P 500 ETF78464A854+3.24 pp1.0% → 4.2%
- American Centy ETF Tr025072349+2.58 pp0.0% → 2.6%
- Capital Grp Fixed Incm ETF T14020Y409+1.03 pp0.0% → 1.0%
- State Street SPDR Portfolio S&P 500 Growth ETF78464A409+0.63 pp2.4% → 3.0%
- ASMLASML Holding NV
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Core S&P 500 ETF464287200−$40.5MReduced
- Dimensional ETF Trust25434V666−$32.5MReduced
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−$9.92MReduced
- State Street Industrial Select Sector SPDR ETF81369Y704−$6.57MReduced
- VanEck Semiconductor ETF92189F676−$5.87MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Core S&P 500 ETF464287200−2.58 pp3.7% → 1.1%
- Dimensional ETF Trust25434V666−2.07 pp2.1% → <0.1%
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−0.71 pp0.7% → <0.1%
- Vanguard Short-Term Bond ETF921937827−0.47 pp0.9% → 0.4%
- State Street Industrial Select Sector SPDR ETF81369Y704−0.42 pp0.6% → 0.2%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $1.78B
- +$351.4M (+24.7%) vs. prior quarter
- Positions
- 555
- +76 vs. prior quarter
- Top 10 concentration
- 25.6%
- Top 10 as share of value
- Turnover
- 11.8%
- Q2 2026, one quarter
- Average holding period
- 9.8 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 2023), so positions held before then are understated.
13F filings by quarter
14 quarters, going back to Q1 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $1.78B (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 29, 2026 | 555 | $1.78B | State Street SPDR Portfolio S&P 500 ETFWMTState Street SPDR Portfolio S&P 500 Growth ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 12, 2026 | 479 | $1.42B | WMTiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 Growth ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 10, 2026 | 455 | $1.39B | iShares Core S&P 500 ETFWMTState Street SPDR Portfolio S&P 500 Growth ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 5, 2025 | 455 | $1.34B | iShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 Growth ETFWMT | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 12, 2025 | 456 | $1.24B | iShares Core S&P 500 ETFInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETF | vs. Q1 2025 | SEC |
| Q1 2025 | May 12, 2025 | 390 | $1.08B | iShares Core S&P 500 ETFInvesco Exchange Traded FD TGoldman Sachs ETF Tr | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 13, 2025 | 363 | $948.9M | iShares Core S&P 500 ETFWMTState Street SPDR Portfolio S&P 500 Growth ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 14, 2024 | 354 | $916.3M | iShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 1000 Value ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 12, 2024 | 347 | $833.3M | iShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Short-Term Bond ETF | vs. Q1 2024 | SEC |
| Q1 2024 | May 14, 2024 | 361 | $782.8M | iShares Core S&P 500 ETFiShares Russell 1000 Value ETFiShares MSCI USA Quality Factor ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 13, 2024 | 371 | $617.8M | iShares Core S&P 500 ETFETF Ser SolutionsiShares Tr | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 14, 2023 | 181 | $340.8M | iShares Core S&P 500 ETFETF Ser SolutionsiShares Tr | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 11, 2023 | 206 | $338.8M | iShares TriShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 15, 2023 | 200 | $323.4M | Vanguard Short-Term Bond ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFETF Ser Solutions | – | SEC |