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Livermore
Livermore
ZHEN

Sepio Capital, LP

SEC CIK
0001751412
Latest filing
Jul 28, 2026

The latest 13F from Sepio Capital, LP covers Q2 2026 (filed Jul 28, 2026): 346 long positions worth $1.99B. The top 10 holdings make up 56.0% of the portfolio, and the largest is Ea Series Trust at 28.0%. Livermore has 23 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. +$14.1M
Added
123
Est. +$39.0M
Reduced
155
Est. −$93.0M
Sold out
60
Est. −$32.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. Ea Series Trust02072L425
    28.0%$556.0M
  2. Ea Series Trust02072Q655
    7.9%$156.6M
  3. Vanguard S&P 500 ETF922908363
    6.8%$135.6M
  4. Vanguard Ftse Developed Markets ETF921943858
    3.9%$76.7M
  5. Vanguard Ftse Emerging Markets ETF922042858
    1.9%$38.8M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$5.21MAdded
  2. iShares Tr464288257
    +$3.32MAdded
  3. iShares Tr464288612
    +$2.99MAdded
  4. Invesco Exchange Traded FD T46137V357
    +$2.85MAdded
  5. FBTCFidelity Wise Origin Bitcoin Fund
    +$2.64MAddedHistory

Largest weight increases

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

  1. Vanguard S&P 500 ETF922908363
    +0.66 pp6.2% → 6.8%
  2. Ea Series Trust02072Q655
    +0.24 pp7.6% → 7.9%
  3. iShares Tr464288257
    +0.22 pp1.0% → 1.2%
  4. GLWCorning Inc
    +0.22 pp0.2% → 0.5%History
  5. Vanguard Ftse Developed Markets ETF921943858
    +0.19 pp3.7% → 3.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Value ETF922908744
    −$11.9MReduced
  2. GOOGLAlphabet Inc.
    −$6.57MReducedHistory
  3. SPYSPDR S&P 500 ETF Trust
    −$5.69MReducedHistory
  4. AMZNAmazon Com Inc
    −$5.48MReducedHistory
  5. GOOGAlphabet Inc.
    −$5.25MReducedHistory

Largest weight decreases

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

  1. Vanguard Morningstar Value ETF922908744
    −0.54 pp1.9% → 1.4%
  2. SPYSPDR S&P 500 ETF Trust
    −0.22 pp1.0% → 0.8%History
  3. IBITiShares Bitcoin Trust ETF
    −0.21 pp0.3% → 0.1%History
  4. AMZNAmazon Com Inc
    −0.20 pp1.2% → 1.0%History
  5. GOOGLAlphabet Inc.
    −0.18 pp1.0% → 0.8%History

Metrics

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

Portfolio value
$1.99B
+$146.4M (+7.9%) vs. prior quarter
Positions
346
−23 vs. prior quarter
Top 10 concentration
56.0%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
15.5 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 $1.99B (Q2 2026)

Q1 2021: $1.07BQ2 2021: $1.20BQ3 2021: $1.19BQ4 2021: $1.33BQ1 2022: $1.14BQ2 2022: $995.3MQ3 2022: $1.01BQ4 2022: $1.16BQ1 2023: $1.08BQ2 2023: $1.23BQ3 2023: $1.16BQ4 2023: $1.19BQ1 2024: $1.17BQ2 2024: $1.09BQ3 2024: $1.28BQ4 2024: $1.25BQ1 2025: $1.26BQ2 2025: $1.41BQ3 2025: $1.69BQ4 2025: $1.83BQ1 2026: $1.84BQ2 2026: $1.99B
Q1 2021Q2 2026
13F filings of Sepio Capital, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 2026346$1.99BEa Series TrustEa Series TrustVanguard S&P 500 ETFvs. Q1 2026SEC
Q1 2026May 13, 2026369$1.84BEa Series TrustEa Series TrustVanguard S&P 500 ETFvs. Q4 2025SEC
Q4 2025Feb 12, 2026362$1.83BEa Series TrustEa Series TrustVanguard S&P 500 ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025312$1.69BEa Series TrustEa Series TrustVanguard S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 13, 2025274$1.41BEa Series TrustEa Series TrustVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025May 15, 2025287$1.26BEa Series TrustVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Feb 13, 2025291$1.25BEa Series TrustVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Nov 14, 2024295$1.28BEa Series TrustVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Aug 15, 2024276$1.09BEa Series TrustVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2024SEC
Q1 2024May 15, 2024284$1.17BEa Series TrustVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Feb 9, 2024288$1.19BEa Series TrustVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2023SEC
Q3 2023Nov 8, 2023295$1.16BEa Series TrustVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2023SEC
Q2 2023Aug 8, 2023338$1.23BVanguard S&P 500 ETFVanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFvs. Q1 2023SEC
Q1 2023May 10, 2023340$1.08BVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFABBVvs. Q4 2022SEC
Q4 2022Feb 3, 2023342$1.16BVanguard S&P 500 ETFABTVanguard Ftse Developed Markets ETFvs. Q3 2022SEC
Q3 2022Oct 28, 2022324$1.01BVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETFVanguard Morningstar Value ETFvs. Q2 2022SEC
Q2 2022Jul 26, 2022333$995.3MVanguard S&P 500 ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q1 2022SEC
Q1 2022May 9, 2022340$1.14BVanguard S&P 500 ETFVanguard Morningstar Value ETFMSFTvs. Q4 2021SEC
Q4 2021Jan 25, 2022351$1.33BVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFMSFTvs. Q3 2021SEC
Q3 2021Nov 3, 2021343$1.19BVanguard S&P 500 ETFMSFTState Street Technology Select Sector SPDR ETFvs. Q2 2021SEC
Q2 2021Jul 29, 2021Amended339$1.20BVanguard S&P 500 ETFMSFTState Street Technology Select Sector SPDR ETFvs. Q1 2021SEC
Q1 2021May 10, 2021322$1.07BVanguard S&P 500 ETFMSFTState Street Technology Select Sector SPDR ETF–SEC