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Livermore
Livermore
ZHEN

Prudent Investors Network

SEC CIK
0001766005
Latest filing
Aug 13, 2026

The latest 13F from Prudent Investors Network covers Q2 2026 (filed Aug 13, 2026): 87 long positions worth $516.3M. The top 10 holdings make up 73.4% of the portfolio, and the largest is iShares Tr at 10.7%. Livermore has 21 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
14
Est. +$54.7M
Added
31
Est. +$38.7M
Reduced
27
Est. −$69.7M
Sold out
1
Est. −$354.4K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464287440
    10.7%$55.4M
  2. iShares Tr464288281
    10.4%$53.7M
  3. J P Morgan Exchange Traded F46641Q670
    9.8%$50.7M
  4. iShares Tr46435G672
    8.6%$44.2M
  5. iShares Tr46435G326
    6.9%$35.7M

Biggest buys

New and added positions, by estimated amount bought

  1. J P Morgan Exchange Traded F46641Q670
    +$50.7MNew
  2. iShares MSCI USA Momentum Factor ETF46432F396
    +$7.06MAdded
  3. iShares Tr464288281
    +$6.73MAdded
  4. State Street Financial Select Sector SPDR ETF81369Y605
    +$5.49MAdded
  5. State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853
    +$3.62MAdded

Largest weight increases

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

  1. J P Morgan Exchange Traded F46641Q670
    +9.82 pp0.0% → 9.8%
  2. iShares MSCI USA Momentum Factor ETF46432F396
    +2.34 pp3.6% → 6.0%
  3. State Street Financial Select Sector SPDR ETF81369Y605
    +0.91 pp4.4% → 5.3%
  4. State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853
    +0.84 pp2.3% → 3.2%
  5. Global X FDS37954Y632
    +0.74 pp2.4% → 3.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PIMCO Active Bond Exchange-Traded Fund72201R775
    −$44.4MReduced
  2. Fidelity Merrimack STR Tr316188309
    −$5.39MReduced
  3. State Street Energy Select Sector SPDR ETF81369Y506
    −$5.38MReduced
  4. Global X FDS37954Y350
    −$5.08MReduced
  5. MSFTMicrosoft Corp
    −$3.79MReducedHistory

Largest weight decreases

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

  1. PIMCO Active Bond Exchange-Traded Fund72201R775
    −9.96 pp12.2% → 2.3%
  2. State Street Energy Select Sector SPDR ETF81369Y506
    −2.00 pp4.2% → 2.2%
  3. Fidelity Merrimack STR Tr316188309
    −1.29 pp2.1% → 0.8%
  4. Global X FDS37954Y350
    −1.15 pp1.8% → 0.7%
  5. MSFTMicrosoft Corp
    −0.92 pp1.8% → 0.9%History

Metrics

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

Portfolio value
$516.3M
+$57.1M (+12.4%) vs. prior quarter
Positions
87
+13 vs. prior quarter
Top 10 concentration
73.4%
Top 10 as share of value
Turnover
14.4%
Q2 2026, one quarter
Average holding period
8.1 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

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $516.3M (Q2 2026)

Q1 2021: $177.2MQ2 2021: $197.2MQ3 2021: $199.8MQ4 2021: $212.2MQ1 2022: $215.3MQ2 2022: $192.4MQ3 2022: $189.0MQ4 2022: $211.7MQ1 2023: $210.8MQ2 2023: $212.1MQ3 2023: $213.6MQ1 2024: $265.3MQ2 2024: $276.7MQ3 2024: $325.9MQ4 2024: $341.7MQ1 2025: $351.1MQ2 2025: $370.7MQ3 2025: $408.3MQ4 2025: $435.8MQ1 2026: $459.2MQ2 2026: $516.3M
Q1 2021Q2 2026
13F filings of Prudent Investors Network by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202687$516.3MiShares TriShares TrJ P Morgan Exchange Traded Fvs. Q1 2026SEC
Q1 2026May 11, 202674$459.2MPIMCO Active Bond Exchange-Traded FundiShares TriShares Trvs. Q4 2025SEC
Q4 2025Feb 5, 202673$435.8MFidelity Merrimack STR TrGlobal X FDSiShares Trvs. Q3 2025SEC
Q3 2025Nov 13, 202568$408.3MFidelity Merrimack STR TrGlobal X FDSiShares Trvs. Q2 2025SEC
Q2 2025Aug 14, 202559$370.7MFidelity Merrimack STR TrGlobal X FDSiShares Trvs. Q1 2025SEC
Q1 2025May 7, 202562$351.1MFidelity Merrimack STR TrGlobal X FDSiShares Trvs. Q4 2024SEC
Q4 2024Jan 24, 202558$341.7MPIMCO Active Bond Exchange-Traded FundInvesco QQQ Trust Series IGlobal X FDSvs. Q3 2024SEC
Q3 2024Oct 31, 202452$325.9MPIMCO Active Bond Exchange-Traded FundInvesco QQQ Trust Series IiShares Trvs. Q2 2024SEC
Q2 2024Jul 31, 202445$276.7MInvesco QQQ Trust Series IiShares TriShares Trvs. Q1 2024SEC
Q1 2024May 16, 202453$265.3MiShares TrInvesco QQQ Trust Series IiShares Tr–SEC
Q3 2023Nov 14, 202336$213.6MVanguard Scottsdale FDSVanguard Scottsdale FDSiShares Trvs. Q2 2023SEC
Q2 2023Jul 18, 202334$212.1MVanguard Scottsdale FDSVanguard Scottsdale FDSiShares Trvs. Q1 2023SEC
Q1 2023May 18, 202332$210.8MVanguard Scottsdale FDSVanguard Scottsdale FDSiShares Trvs. Q4 2022SEC
Q4 2022Feb 10, 202333$211.7MState Street Financial Select Sector SPDR ETFInvesco Exch Traded FD Tr IIiShares U.S. Treasury Bond ETFvs. Q3 2022SEC
Q3 2022Nov 1, 202233$189.0MInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIiShares U.S. Treasury Bond ETFvs. Q2 2022SEC
Q2 2022Sep 14, 202230$192.4MInvesco QQQ Trust Series IiShares U.S. Treasury Bond ETFInvesco Exch Traded FD Tr IIvs. Q1 2022SEC
Q1 2022May 6, 202235$215.3MInvesco Exch Traded FD Tr IIiShares U.S. Treasury Bond ETFiShares Trvs. Q4 2021SEC
Q4 2021Feb 9, 202229$212.2MiShares TrInvesco Exch Traded FD Tr IIiShares MSCI USA Momentum Factor ETFvs. Q3 2021SEC
Q3 2021Nov 9, 202134$199.8MiShares MSCI USA Momentum Factor ETFiShares TrInvesco Exch Traded FD Tr IIvs. Q2 2021SEC
Q2 2021Jul 26, 202132$197.2MiShares MSCI USA Momentum Factor ETFiShares TrPIMCO Active Bond Exchange-Traded Fundvs. Q1 2021SEC
Q1 2021Apr 29, 202127$177.2MiShares TriShares MSCI USA Momentum Factor ETFPIMCO Active Bond Exchange-Traded Fund–SEC