Full Sail Capital, LLC
- SEC CIK
- 0001757617
- Latest filing
- Nov 14, 2025
The latest 13F from Full Sail Capital, LLC covers Q3 2025 (filed Nov 14, 2025): 308 long positions worth $1.81B. The top 10 holdings make up 39.0% of the portfolio, and the largest is iShares Core MSCI Eafe ETF at 5.7%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2025
Share counts compared with Q2 2025: 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
- 92
- Est. +$32.0M
- Added
- 109
- Est. +$27.0M
- Reduced
- 86
- Est. −$68.9M
- Sold out
- 21
- Est. −$9.15M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core MSCI Eafe ETF46432F8425.7%$102.9M
- iShares Core S&P Mid-Cap ETF4642875074.6%$83.7M
- Fidelity MSCI Information Technology Index ETF3160928084.3%$78.3M
- iShares Core MSCI Emerging Markets ETF46434G1034.1%$74.6M
- Vanguard Mun BD FDS9229077464.0%$72.0M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Mun BD FDS922907746+$4.86MAdded
- Invesco QQQ Trust Series I46090E103+$3.26MNew
- VanEck ETF Trust92189H409+$2.35MAdded
- iShares Core U.S. Aggregate Bond ETF464287226+$2.17MAdded
- State Street Technology Select Sector SPDR ETF81369Y803+$1.89MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- State Street Technology Select Sector SPDR ETF81369Y803+0.33 pp3.6% → 4.0%
- Invesco QQQ Trust Series I46090E103+0.18 pp0.0% → 0.2%
- Vanguard Mun BD FDS922907746+0.17 pp3.8% → 4.0%
- State Street Consumer Discretionary Select Sector SPDR ETF81369Y407+0.13 pp2.3% → 2.4%
- VanEck ETF Trust92189H409+0.12 pp0.3% → 0.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Fidelity MSCI Information Technology Index ETF316092808−$6.32MReduced
- Vanguard Information Technology ETF92204A702−$4.41MReduced
- iShares Core MSCI Emerging Markets ETF46434G103−$3.62MReduced
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−$3.43MReduced
- American Centy ETF Tr025072885−$3.34MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−0.25 pp1.4% → 1.2%
- Schwab US Tips ETF808524870−0.22 pp2.7% → 2.4%
- Invesco QQQ Tr4609E0107−0.17 pp0.2% → 0.0%
- Vanguard Financials ETF92204A405−0.16 pp1.1% → 0.9%
- Vanguard Morningstar Mid-Cap ETF922908629−0.15 pp1.8% → 1.6%
Metrics
13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $1.81B
- +$81.4M (+4.7%) vs. prior quarter
- Positions
- 308
- +71 vs. prior quarter
- Top 10 concentration
- 39.0%
- Top 10 as share of value
- Turnover
- 3.3%
- Q3 2025, one quarter
- Average holding period
- 16.8 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
19 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $1.81B (Q3 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2025 | Nov 14, 2025 | 308 | $1.81B | iShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFFidelity MSCI Information Technology Index ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 14, 2025 | 237 | $1.73B | iShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFFidelity MSCI Information Technology Index ETF | vs. Q1 2025 | SEC |
| Q1 2025 | May 14, 2025 | 162 | $1.55B | iShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFVanguard Mun BD FDS | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 14, 2025 | 158 | $1.57B | iShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFFidelity MSCI Information Technology Index ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 13, 2024 | 162 | $1.56B | iShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFFidelity MSCI Information Technology Index ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 15, 2024 | 169 | $1.49B | iShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFFidelity MSCI Information Technology Index ETF | vs. Q1 2024 | SEC |
| Q1 2024 | May 14, 2024 | 170 | $1.43B | iShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFFidelity MSCI Information Technology Index ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 13, 2024 | 157 | $1.32B | iShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETFFidelity MSCI Information Technology Index ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 13, 2023 | 147 | $1.15B | Fidelity MSCI Information Technology Index ETFiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 14, 2023 | 150 | $1.17B | Fidelity MSCI Information Technology Index ETFiShares Core MSCI Eafe ETFiShares Core S&P Mid-Cap ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 5, 2023 | 146 | $1.11B | Fidelity MSCI Information Technology Index ETFiShares Core S&P Mid-Cap ETFiShares Core S&P Small Cap ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 6, 2023 | 138 | $1.05B | Fidelity MSCI Information Technology Index ETFiShares Core S&P Mid-Cap ETFiShares Core S&P Small Cap ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 9, 2022 | 135 | $967.3M | Fidelity MSCI Information Technology Index ETFiShares Core MSCI Eafe ETFiShares Core S&P Small Cap ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 8, 2022 | 141 | $1.03B | Fidelity MSCI Information Technology Index ETFiShares Core MSCI Eafe ETFGoldman Sachs ETF Tr | vs. Q1 2022 | SEC |
| Q1 2022 | May 12, 2022 | 157 | $1.20B | Fidelity MSCI Information Technology Index ETFiShares Core MSCI Eafe ETFiShares Tr | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 14, 2022 | 158 | $1.14B | Fidelity MSCI Information Technology Index ETFiShares Core MSCI Eafe ETFiShares Tr | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 26, 2021 | 158 | $1.15B | iShares TrFidelity MSCI Information Technology Index ETFiShares Core MSCI Eafe ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 12, 2021 | 167 | $1.10B | iShares TrFidelity MSCI Information Technology Index ETFiShares Tips Bond ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 12, 2021 | 175 | $1.00B | iShares TrFidelity MSCI Information Technology Index ETFiShares Tips Bond ETF | – | SEC |