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Livermore
Livermore
ZHEN

Lindbrook Capital, LLC

SEC CIK
0001767045
Latest filing
May 5, 2025

The latest 13F from Lindbrook Capital, LLC covers Q1 2025 (filed May 5, 2025): 2,781 long positions worth $1.08B. The top 10 holdings make up 44.1% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 12.3%. Livermore has 17 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2025

Share counts compared with Q4 2024: 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
207
Est. +$3.29M
Added
1436
Est. +$76.4M
Reduced
713
Est. −$48.3M
Sold out
200
Est. −$11.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    12.3%$133.9M
  2. Vanguard Star FDS921909768
    7.1%$77.3M
  3. AAPLApple Inc.
    5.0%$54.0MHistory
  4. GBDCGolub Capital BDC, Inc.
    4.2%$45.7MHistory
  5. SPYSPDR S&P 500 ETF Trust
    4.0%$43.7MHistory

Share of portfolio

Top 5 holdings and the other 2,776 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF12.3%
  2. Vanguard Star FDS7.1%
  3. AAPL5.0%
  4. GBDC4.2%
  5. SPY4.0%
  6. Other 2,776 positions67.3%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street Technology Select Sector SPDR ETF81369Y803
    +$4.50MAdded
  2. FBTCFidelity Wise Origin Bitcoin Fund
    +$4.22MAddedHistory
  3. Tidal ETF Tr886364603
    +$2.61MAdded
  4. VRTXVertex Pharmaceuticals Inc
    +$2.52MAddedHistory
  5. State Street Financial Select Sector SPDR ETF81369Y605
    +$1.95MAdded

Largest weight increases

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

  1. Vanguard Star FDS921909768
    +0.62 pp6.5% → 7.1%
  2. FBTCFidelity Wise Origin Bitcoin Fund
    +0.39 pp<0.1% → 0.4%History
  3. State Street Technology Select Sector SPDR ETF81369Y803
    +0.38 pp0.3% → 0.7%
  4. Tidal ETF Tr886364603
    +0.38 pp1.8% → 2.2%
  5. VRTXVertex Pharmaceuticals Inc
    +0.24 pp<0.1% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$4.86MReduced
  2. iShares Core U.S. Aggregate Bond ETF464287226
    −$2.34MSold out
  3. CHICalamos Convertible Opportunities & Income Fund
    −$2.29MSold outHistory
  4. COINCoinbase Global, Inc.
    −$2.13MReducedHistory
  5. PEPPepsiCo Inc
    −$2.10MReducedHistory

Largest weight decreases

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

  1. AAPLApple Inc.
    −0.63 pp5.6% → 5.0%History
  2. iShares Core S&P 500 ETF464287200
    −0.47 pp0.8% → 0.4%
  3. AVGOBroadcom Inc.
    −0.39 pp1.5% → 1.1%History
  4. COINCoinbase Global, Inc.
    −0.36 pp0.6% → 0.2%History
  5. iShares Russell 1000 Growth ETF464287614
    −0.31 pp3.4% → 3.1%

Metrics

13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.08B
−$23.9M (−2.2%) vs. prior quarter
Positions
2,781
+7 vs. prior quarter
Top 10 concentration
44.1%
Top 10 as share of value
Turnover
5.5%
Q1 2025, one quarter
Average holding period
16.3 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

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

Peak $1.13B (Q3 2024)

Q1 2021: $437.2MQ2 2021: $447.4MQ3 2021: $381.5MQ4 2021: $657.0MQ1 2022: $647.9MQ2 2022: $604.8MQ3 2022: $592.8MQ4 2022: $812.0MQ1 2023: $853.3MQ2 2023: $939.4MQ3 2023: $893.9MQ4 2023: $1.00BQ1 2024: $1.07BQ2 2024: $1.06BQ3 2024: $1.13BQ4 2024: $1.11BQ1 2025: $1.08B
Q1 2021Q1 2025
13F filings of Lindbrook Capital, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025May 5, 20252,781$1.08BVanguard Morningstar Total Stock Market ETFVanguard Star FDSAAPLvs. Q4 2024SEC
Q4 2024Feb 6, 20252,774$1.11BVanguard Morningstar Total Stock Market ETFVanguard Star FDSAAPLvs. Q3 2024SEC
Q3 2024Nov 1, 20242,827$1.13BVanguard Morningstar Total Stock Market ETFVanguard Star FDSAAPLvs. Q2 2024SEC
Q2 2024Jul 31, 20242,759$1.06BVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDCvs. Q1 2024SEC
Q1 2024Apr 25, 20242,646$1.07BVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDCvs. Q4 2023SEC
Q4 2023Feb 1, 20242,690$1.00BVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDCvs. Q3 2023SEC
Q3 2023Oct 25, 20232,685$893.9MVanguard Morningstar Total Stock Market ETFGBDCVanguard Star FDSvs. Q2 2023SEC
Q2 2023Jul 31, 20232,709$939.4MVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDCvs. Q1 2023SEC
Q1 2023Apr 26, 20232,774$853.3MVanguard Morningstar Total Stock Market ETFGBDCVanguard Star FDSvs. Q4 2022SEC
Q4 2022Jan 25, 20232,825$812.0MVanguard Morningstar Total Stock Market ETFGBDCVanguard Star FDSvs. Q3 2022SEC
Q3 2022Nov 10, 20222,879$592.8MVanguard Morningstar Total Stock Market ETFGBDCVanguard Star FDSvs. Q2 2022SEC
Q2 2022Aug 1, 20222,696$604.8MVanguard Morningstar Total Stock Market ETFGBDCVanguard Star FDSvs. Q1 2022SEC
Q1 2022Apr 21, 20222,555$647.9MVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDCvs. Q4 2021SEC
Q4 2021Jan 18, 20222,141$657.0MVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDCvs. Q3 2021SEC
Q3 2021Nov 5, 20211,915$381.5MVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDCvs. Q2 2021SEC
Q2 2021Jul 27, 20211,956$447.4MVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDCvs. Q1 2021SEC
Q1 2021Apr 28, 20211,908$437.2MVanguard Morningstar Total Stock Market ETFVanguard Star FDSGBDC–SEC