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Livermore
Livermore
ZHEN

Q3 Asset Management

SEC CIK
0001732543
Latest filing
Aug 14, 2026

The latest 13F from Q3 Asset Management covers Q2 2026 (filed Aug 14, 2026): 70 long positions worth $543.8M. The top 10 holdings make up 77.3% of the portfolio, and the largest is Bondbloxx ETF Trust at 50.1%. 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
37
Est. +$372.2M
Added
20
Est. +$73.8M
Reduced
11
Est. −$17.6M
Sold out
31
Est. −$316.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. Bondbloxx ETF Trust09789C788
    50.1%$272.5M
  2. Invesco Nasdaq 100 ETF46138G649
    9.7%$52.7M
  3. Ultimus Managers Tr90386K548
    4.0%$21.6M
  4. Ultimus Managers Tr90386K639
    3.7%$19.9M
  5. Invesco QQQ Trust Series I46090E103
    2.6%$13.9M

Biggest buys

New and added positions, by estimated amount bought

  1. Bondbloxx ETF Trust09789C788
    +$272.5MNew
  2. Invesco Nasdaq 100 ETF46138G649
    +$46.4MAdded
  3. Invesco QQQ Trust Series I46090E103
    +$13.2MAdded
  4. VanEck ETF Trust92189H607
    +$8.43MAdded
  5. Vanguard Intl Equity Index F922042866
    +$7.50MNew

Largest weight increases

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

  1. Bondbloxx ETF Trust09789C788
    +50.12 pp0.0% → 50.1%
  2. Invesco Nasdaq 100 ETF46138G649
    +8.44 pp1.2% → 9.7%
  3. Invesco QQQ Trust Series I46090E103
    +2.40 pp0.2% → 2.6%
  4. Vanguard Intl Equity Index F922042866
    +1.38 pp0.0% → 1.4%
  5. Fidelity MSCI Health Care Index ETF316092600
    +1.34 pp0.0% → 1.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Bondbloxx 6month Treasury98422X102
    −$255.0MSold out
  2. INTCIntel Corp
    −$9.06MReducedHistory
  3. ProShares Tr74347X831
    −$5.66MSold out
  4. Goldman Sachs ETF Tr381430529
    −$5.09MSold out
  5. ProShares Tr74347R206
    −$4.40MSold out

Largest weight decreases

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

  1. Bondbloxx 6month Treasury98422X102
    −61.89 pp61.9% → 0.0%
  2. Ultimus Managers Tr90386K548
    −1.58 pp5.5% → 4.0%
  3. ProShares Tr74347X831
    −1.37 pp1.4% → 0.0%
  4. Goldman Sachs ETF Tr381430529
    −1.24 pp1.2% → 0.0%
  5. ProShares Tr74347R206
    −1.07 pp1.1% → 0.0%

Metrics

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

Portfolio value
$543.8M
+$131.7M (+32.0%) vs. prior quarter
Positions
70
+6 vs. prior quarter
Top 10 concentration
77.3%
Top 10 as share of value
Turnover
69.9%
Q2 2026, one quarter
Average holding period
2.5 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 $543.8M (Q2 2026)

Q1 2021: $187.9MQ2 2021: $203.9MQ3 2021: $207.0MQ4 2021: $235.2MQ1 2022: $217.1MQ2 2022: $132.1MQ3 2022: $137.4MQ4 2022: $147.7MQ1 2023: $119.7MQ2 2023: $206.3MQ3 2023: $252.5MQ4 2023: $395.9MQ1 2024: $351.9MQ2 2024: $440.7MQ3 2024: $427.4MQ4 2024: $160.9MQ1 2025: $146.2MQ2 2025: $283.1MQ3 2025: $292.2MQ4 2025: $436.9MQ1 2026: $412.1MQ2 2026: $543.8M
Q1 2021Q2 2026
13F filings of Q3 Asset Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202670$543.8MBondbloxx ETF TrustInvesco Nasdaq 100 ETFUltimus Managers Trvs. Q1 2026SEC
Q1 2026Apr 28, 202664$412.1MBondbloxx 6month TreasuryUltimus Managers TrUltimus Managers Trvs. Q4 2025SEC
Q4 2025Jan 27, 202662$436.9MBondbloxx ETF TrustInvesco Nasdaq 100 ETFUltimus Managers Trvs. Q3 2025SEC
Q3 2025Oct 27, 202555$292.2MBondbloxx ETF TrustUltimus Managers TrSPYvs. Q2 2025SEC
Q2 2025Sep 3, 202546$283.1MBondbloxx ETF TrustListed FD TrUltimus Managers Trvs. Q1 2025SEC
Q1 2025May 1, 202556$146.2MUltimus Managers TrListed FD TrVanEck ETF Trustvs. Q4 2024SEC
Q4 2024Jan 24, 202547$160.9MUltimus Managers TrState Street Consumer Discretionary Select Sector SPDR ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2024SEC
Q3 2024Nov 14, 202445$427.4MInvesco QQQ Trust Series IVanguard S&P 500 ETFUltimus Managers Trvs. Q2 2024SEC
Q2 2024Jul 30, 202448$440.7MInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IUltimus Managers Trvs. Q1 2024SEC
Q1 2024Apr 25, 202446$351.9MVanguard S&P 500 ETFInvesco Nasdaq 100 ETFUltimus Managers Trvs. Q4 2023SEC
Q4 2023Jan 29, 202446$395.9MInvesco QQQ Trust Series IInvesco Nasdaq 100 ETFUltimus Managers Trvs. Q3 2023SEC
Q3 2023Nov 3, 202345$252.5MInvesco QQQ Trust Series IVanguard S&P 500 ETFListed FD Trvs. Q2 2023SEC
Q2 2023Jul 28, 202343$206.3MInvesco QQQ Trust Series IUltimus Managers TrListed FD Trvs. Q1 2023SEC
Q1 2023Apr 26, 202343$119.7MInvesco QQQ Trust Series IUltimus Managers TrListed FD Trvs. Q4 2022SEC
Q4 2022Feb 2, 202345$147.7MUltimus Managers TrListed FD TrGoldman Sachs ETF Trvs. Q3 2022SEC
Q3 2022Nov 14, 202243$137.4MProShares TrListed FD TrFidelity MSCI Utilities Index ETFvs. Q2 2022SEC
Q2 2022Aug 2, 202238$132.1MGoldman Sachs ETF TriShares TrListed FD Trvs. Q1 2022SEC
Q1 2022May 11, 202240$217.1MInvesco QQQ Trust Series IiShares TrVanguard World FDvs. Q4 2021SEC
Q4 2021Jan 25, 202241$235.2MInvesco QQQ Trust Series IVanguard World FDState Street Technology Select Sector SPDR ETFvs. Q3 2021SEC
Q3 2021Oct 29, 202144$207.0MProShares TrInvesco QQQ Trust Series IVanguard Morningstar Mid-Cap Growth ETFvs. Q2 2021SEC
Q2 2021Jul 26, 202140$203.9MInvesco QQQ Trust Series IVanguard Morningstar Small-Cap Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q1 2021SEC
Q1 2021May 12, 202147$187.9MInvesco QQQ Trust Series IVanguard World FDVanguard Morningstar Small-Cap Value ETF–SEC