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Livermore
Livermore
ZHEN

BCJ Capital Management, LLC

SEC CIK
0001768195
Latest filing
Aug 13, 2026

The latest 13F from BCJ Capital Management, LLC covers Q2 2026 (filed Aug 13, 2026): 501 long positions worth $2.01B. The top 10 holdings make up 24.3% of the portfolio, and the largest is State Street Technology Select Sector SPDR ETF at 6.2%. 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
107
Est. +$285.4M
Added
201
Est. +$300.1M
Reduced
156
Est. −$314.1M
Sold out
76
Est. −$331.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street Technology Select Sector SPDR ETF81369Y803
    6.2%$124.9M
  2. iShares Core S&P 500 ETF464287200
    2.7%$55.0M
  3. iShares Core MSCI Emerging Markets ETF46434G103
    2.1%$43.1M
  4. iShares Tr46436E718
    2.1%$42.1M
  5. iShares Tr46434V613
    2.1%$41.8M

Biggest buys

New and added positions, by estimated amount bought

  1. AAPLApple Inc.
    +$30.4MNewHistory
  2. Simplify Exchange Traded Fun82889N657
    +$25.5MNew
  3. State Street Industrial Select Sector SPDR ETF81369Y704
    +$23.8MAdded
  4. iShares Core S&P 500 ETF464287200
    +$22.4MAdded
  5. Vanguard Morningstar Growth ETF922908736
    +$21.7MAddedConverted for a 6-for-1 split

Largest weight increases

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

  1. AAPLApple Inc.
    +1.51 pp0.0% → 1.5%History
  2. Simplify Exchange Traded Fun82889N657
    +1.27 pp0.0% → 1.3%
  3. State Street Industrial Select Sector SPDR ETF81369Y704
    +1.24 pp0.7% → 2.0%
  4. iShares Core S&P 500 ETF464287200
    +1.22 pp1.5% → 2.7%
  5. Vanguard Morningstar Growth ETF922908736
    +1.14 pp0.6% → 1.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ProShares Tr74347R131
    −$41.5MSold out
  2. VXXBarclays Bank PLC
    −$39.4MSold outHistory
  3. iShares Tr464287432
    −$29.1MReduced
  4. AAPLApple Inc.
    −$26.0MSold outHistory
  5. iShares Core U.S. Aggregate Bond ETF464287226
    −$25.2MReduced

Largest weight decreases

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

  1. ProShares Tr74347R131
    −2.21 pp2.2% → 0.0%
  2. VXXBarclays Bank PLC
    −2.09 pp2.1% → 0.0%History
  3. iShares Tr464287432
    −1.56 pp1.7% → 0.2%
  4. iShares Tr46436E718
    −1.39 pp3.5% → 2.1%
  5. AAPLApple Inc.
    −1.38 pp1.4% → 0.0%History

Metrics

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

Portfolio value
$2.01B
+$129.8M (+6.9%) vs. prior quarter
Positions
501
+31 vs. prior quarter
Top 10 concentration
24.3%
Top 10 as share of value
Turnover
30.1%
Q2 2026, one quarter
Average holding period
12.8 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

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

Peak $2.01B (Q2 2026)

Q1 2021: $843.6MQ2 2021: $930.1MQ3 2021: $962.9MQ4 2021: $1.07BQ1 2022: $1.15BQ2 2022: $980.2MQ3 2022: $951.1MQ4 2022: $1.00BQ1 2023: $1.07BQ2 2023: $1.14BQ3 2023: $1.09BQ4 2023: $1.15BQ1 2024: $1.26BQ2 2024: $1.26BQ3 2024: $1.34BQ4 2024: $1.34BQ1 2025: $1.38BQ2 2025: $1.49BQ3 2025: $1.68BQ4 2025: $1.73BQ1 2026: $1.88BQ2 2026: $2.01B
Q1 2021Q2 2026
13F filings of BCJ Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026501$2.01BState Street Technology Select Sector SPDR ETFiShares Core S&P 500 ETFiShares Core MSCI Emerging Markets ETFvs. Q1 2026SEC
Q1 2026May 13, 2026470$1.88BState Street Technology Select Sector SPDR ETFiShares TrProShares Trvs. Q4 2025SEC
Q4 2025Feb 4, 2026446$1.73BState Street Technology Select Sector SPDR ETFiShares Core MSCI Emerging Markets ETFState Street Financial Select Sector SPDR ETFvs. Q3 2025SEC
Q3 2025Oct 31, 2025434$1.68BState Street Technology Select Sector SPDR ETFiShares Core MSCI Emerging Markets ETFState Street Financial Select Sector SPDR ETFvs. Q2 2025SEC
Q2 2025Aug 13, 2025415$1.49BState Street Technology Select Sector SPDR ETFState Street Financial Select Sector SPDR ETFiShares Core MSCI Emerging Markets ETFvs. Q1 2025SEC
Q1 2025Apr 30, 2025381$1.38BiShares TrState Street Technology Select Sector SPDR ETFiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Feb 13, 2025405$1.34BState Street Technology Select Sector SPDR ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q3 2024SEC
Q3 2024Nov 14, 2024389$1.34BState Street Technology Select Sector SPDR ETFETF Opportunities TrustVanguard S&P 500 ETFvs. Q2 2024SEC
Q2 2024Aug 12, 2024386$1.26BState Street Technology Select Sector SPDR ETFVanguard Morningstar Growth ETFVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024May 14, 2024387$1.26BState Street Technology Select Sector SPDR ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q4 2023SEC
Q4 2023Feb 8, 2024312$1.15BiShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street Technology Select Sector SPDR ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023282$1.09BState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TrState Street Technology Select Sector SPDR ETFvs. Q2 2023SEC
Q2 2023Aug 14, 2023277$1.14BState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TrPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q1 2023SEC
Q1 2023May 12, 2023249$1.07BState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TriShares Core MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023232$1.00BState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Core MSCI Eafe ETFiShares Core S&P US Value ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022211$951.1MState Street SPDR Bloomberg 1-3 Month T-Bill ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundiShares Core S&P Small Cap ETFvs. Q2 2022SEC
Q2 2022Aug 10, 2022217$980.2MVanguard Dividend Appreciation ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Core S&P Small Cap ETFvs. Q1 2022SEC
Q1 2022May 10, 2022231$1.15BPIMCO Enhanced Short Maturity Active Exchange-Traded FundSPYVanguard Dividend Appreciation ETFvs. Q4 2021SEC
Q4 2021Jan 19, 2022214$1.07BInvesco QQQ Trust Series ISPYPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q3 2021SEC
Q3 2021Nov 12, 2021211$962.9MInvesco QQQ Trust Series ISPYVanguard Dividend Appreciation ETFvs. Q2 2021SEC
Q2 2021Aug 6, 2021223$930.1MiShares Core S&P Small Cap ETFVanguard Dividend Appreciation ETFSPYvs. Q1 2021SEC
Q1 2021May 17, 2021203$843.6MiShares Core S&P Small Cap ETFiShares Core MSCI Emerging Markets ETFPIMCO Enhanced Short Maturity Active Exchange-Traded Fund–SEC