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Livermore
Livermore
ZHEN

APCM Wealth Management for Individuals

SEC CIK
0001731601
Latest filing
Aug 11, 2026

The latest 13F from APCM Wealth Management for Individuals covers Q2 2026 (filed Aug 11, 2026): 90 long positions worth $923.2M. The top 10 holdings make up 74.3% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 23.1%. 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
7
Est. +$1.70M
Added
44
Est. +$15.8M
Reduced
24
Est. −$16.6M
Sold out
2
Est. −$422.8K

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    23.1%$213.4MHistory
  2. iShares Core S&P Mid-Cap ETF464287507
    10.0%$92.1M
  3. Vanguard Total Bond Market ETF921937835
    9.8%$90.8M
  4. Flexshares Tr33939L795
    5.7%$52.3M
  5. iShares Core MSCI Eafe ETF46432F842
    5.7%$52.2M

Share of portfolio

Top 5 holdings and the other 85 positions, by share of portfolio value

  1. SPY23.1%
  2. iShares Core S&P Mid-Cap ETF10.0%
  3. Vanguard Total Bond Market ETF9.8%
  4. Flexshares Tr5.7%
  5. iShares Core MSCI Eafe ETF5.7%
  6. Other 85 positions45.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Total Bond Market ETF921937835
    +$3.40MAdded
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$1.45MAdded
  3. iShares Tr464288414
    +$1.25MAdded
  4. iShares Core MSCI Eafe ETF46432F842
    +$1.21MAdded
  5. SPDR Series Trust78468R739
    +$1.20MAdded

Largest weight increases

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

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.18 pp0.6% → 0.8%
  2. First Tr Exchange Traded FD33738R811
    +0.18 pp0.2% → 0.4%
  3. MSFTMicrosoft Corp
    +0.11 pp0.1% → 0.2%History
  4. State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847
    +0.08 pp0.3% → 0.4%
  5. Schwab International Equity ETF808524805
    +0.06 pp0.2% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SHAZSharonAI Holdings Inc.
    −$7.00MReducedHistory
  2. iShares Semiconductor ETF464287523
    −$4.16MReduced
  3. iShares Tr464289180
    −$963.6KReduced
  4. SPYSPDR S&P 500 ETF Trust
    −$734.1KReducedHistory
  5. iShares Core S&P Mid-Cap ETF464287507
    −$667.0KReduced

Largest weight decreases

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

  1. iShares U S ETF Tr46431W598
    −0.13 pp0.7% → 0.6%
  2. iShares Tr464289180
    −0.10 pp0.2% → 0.1%
  3. iShares Semiconductor ETF464287523
    −0.10 pp0.5% → 0.4%
  4. IAUiShares Gold Trust
    −0.06 pp0.2% → 0.1%History
  5. IBITiShares Bitcoin Trust ETF
    −0.04 pp<0.1% → 0.0%History

Metrics

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

Portfolio value
$923.2M
+$90.4M (+10.9%) vs. prior quarter
Positions
90
+5 vs. prior quarter
Top 10 concentration
74.3%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
20.1 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 $923.2M (Q2 2026)

Q1 2021: $506.8MQ2 2021: $512.4MQ3 2021: $521.3MQ4 2021: $564.0MQ1 2022: $546.9MQ2 2022: $500.1MQ3 2022: $511.6MQ4 2022: $557.3MQ1 2023: $597.8MQ2 2023: $634.3MQ3 2023: $627.4MQ4 2023: $600.6MQ1 2024: $661.7MQ2 2024: $644.6MQ3 2024: $666.4MQ4 2024: $643.0MQ1 2025: $638.6MQ2 2025: $698.1MQ3 2025: $764.5MQ4 2025: $785.3MQ1 2026: $832.8MQ2 2026: $923.2M
Q1 2021Q2 2026
13F filings of APCM Wealth Management for Individuals by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 202690$923.2MSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q1 2026SEC
Q1 2026Apr 24, 202685$832.8MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q4 2025SEC
Q4 2025Feb 13, 202685$785.3MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q3 2025SEC
Q3 2025Oct 31, 202583$764.5MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 29, 202578$698.1MSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q1 2025SEC
Q1 2025May 1, 202559$638.6MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q4 2024SEC
Q4 2024Jan 29, 202564$643.0MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q3 2024SEC
Q3 2024Nov 4, 2024113$666.4MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q2 2024SEC
Q2 2024Jul 22, 2024112$644.6MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q1 2024SEC
Q1 2024Apr 18, 2024126$661.7MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Jan 16, 2024123$600.6MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 31, 2023116$627.4MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Jul 28, 2023121$634.3MSPYVanguard Total Bond Market ETFiShares Trvs. Q1 2023SEC
Q1 2023May 9, 2023109$597.8MSPYVanguard Total Bond Market ETFiShares Trvs. Q4 2022SEC
Q4 2022Feb 1, 202359$557.3MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q3 2022SEC
Q3 2022Oct 24, 202257$511.6MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 15, 202253$500.1MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q1 2022SEC
Q1 2022Apr 11, 202251$546.9MSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q4 2021SEC
Q4 2021Jan 19, 202251$564.0MSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q3 2021SEC
Q3 2021Oct 21, 202148$521.3MSPYVanguard Total Bond Market ETFiShares Core S&P Mid-Cap ETFvs. Q2 2021SEC
Q2 2021Jul 13, 202147$512.4MSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETFvs. Q1 2021SEC
Q1 2021Apr 13, 202153$506.8MSPYiShares Core S&P Mid-Cap ETFVanguard Total Bond Market ETF–SEC