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Livermore
Livermore
ZHEN

KG&L Capital Management,LLC

SEC CIK
0001771687
Latest filing
Aug 7, 2026

The latest 13F from KG&L Capital Management,LLC covers Q2 2026 (filed Aug 7, 2026): 142 long positions worth $168.1M. The top 10 holdings make up 35.9% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 7.6%. 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
28
Est. +$13.9M
Added
52
Est. +$10.0M
Reduced
58
Est. −$4.87M
Sold out
9
Est. −$2.60M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    7.6%$12.8MHistory
  2. JPMJPMorgan Chase & Co
    5.6%$9.46MHistory
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    4.0%$6.79M
  4. Goldman Sachs ETF Tr381430529
    3.1%$5.22M
  5. XOMExxonMobil Holdings Corp
    3.0%$4.98MHistory

Share of portfolio

Top 5 holdings and the other 137 positions, by share of portfolio value

  1. SPY7.6%
  2. JPM5.6%
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF4.0%
  4. Goldman Sachs ETF Tr3.1%
  5. XOM3.0%
  6. Other 137 positions76.7%

Biggest buys

New and added positions, by estimated amount bought

  1. LRCXLam Research Corp
    +$1.61MNewHistory
  2. Goldman Sachs ETF Tr381430529
    +$1.35MAdded
  3. CATCaterpillar Inc
    +$1.11MNewHistory
  4. VRTVertiv Holdings Co
    +$1.06MNewHistory
  5. MUMicron Technology Inc
    +$1.02MNewHistory

Largest weight increases

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

  1. LRCXLam Research Corp
    +0.96 pp0.0% → 1.0%History
  2. CATCaterpillar Inc
    +0.66 pp0.0% → 0.7%History
  3. VRTVertiv Holdings Co
    +0.63 pp0.0% → 0.6%History
  4. MUMicron Technology Inc
    +0.61 pp0.0% → 0.6%History
  5. KLACKLA Corp
    +0.56 pp0.4% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$683.7KReducedHistory
  2. HONHoneywell International Inc
    −$576.8KSold outHistory
  3. DPZDominos Pizza Inc
    −$485.5KSold outHistory
  4. WFCWells Fargo & Company
    −$359.5KReducedHistory
  5. JPMJPMorgan Chase & Co
    −$349.3KReducedHistory

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −2.01 pp5.0% → 3.0%History
  2. JPMJPMorgan Chase & Co
    −0.57 pp6.2% → 5.6%History
  3. SPYSPDR S&P 500 ETF Trust
    −0.48 pp8.1% → 7.6%History
  4. WMTWalmart Inc.
    −0.47 pp1.8% → 1.3%History
  5. iShares Core U.S. Aggregate Bond ETF464287226
    −0.46 pp2.3% → 1.8%

Metrics

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

Portfolio value
$168.1M
+$28.6M (+20.5%) vs. prior quarter
Positions
142
+19 vs. prior quarter
Top 10 concentration
35.9%
Top 10 as share of value
Turnover
4.9%
Q2 2026, one quarter
Average holding period
15.0 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 $387.5M (Q4 2025)

Q1 2021: $198.2MQ2 2021: $218.9MQ3 2021: $227.1MQ4 2021: $248.1MQ1 2022: $239.8MQ2 2022: $185.3MQ3 2022: $177.1MQ4 2022: $173.0MQ1 2023: $190.6MQ2 2023: $208.5MQ3 2023: $207.2MQ4 2023: $239.2MQ1 2024: $251.8MQ2 2024: $289.1MQ3 2024: $310.0MQ4 2024: $311.0MQ1 2025: $308.6MQ2 2025: $338.8MQ3 2025: $364.0MQ4 2025: $387.5MQ1 2026: $139.5MQ2 2026: $168.1M
Q1 2021Q2 2026
13F filings of KG&L Capital Management,LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 2026142$168.1MSPYJPMState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2026SEC
Q1 2026Apr 23, 2026123$139.5MSPYJPMXOMvs. Q4 2025SEC
Q4 2025Jan 23, 2026197$387.5MGOOGLAMZNJPMvs. Q3 2025SEC
Q3 2025Oct 22, 2025196$364.0MGOOGLJPMAAPLvs. Q2 2025SEC
Q2 2025Jul 17, 2025187$338.8MPGGOOGLJPMvs. Q1 2025SEC
Q1 2025Apr 23, 2025193$308.6MPGGOOGLJPMvs. Q4 2024SEC
Q4 2024Jan 24, 2025185$311.0MPGAAPLGOOGLvs. Q3 2024SEC
Q3 2024Oct 29, 2024189$310.0MPGAAPLGOOGLvs. Q2 2024SEC
Q2 2024Jul 23, 2024182$289.1MPGAAPLGOOGLvs. Q1 2024SEC
Q1 2024Apr 25, 2024173$251.8MPGJPMAMZNvs. Q4 2023SEC
Q4 2023Jan 24, 2024174$239.2MPGAAPLAMZNvs. Q3 2023SEC
Q3 2023Oct 19, 2023150$207.2MPGAAPLXOMvs. Q2 2023SEC
Q2 2023Jul 20, 2023155$208.5MPGAAPLAMZNvs. Q1 2023SEC
Q1 2023Apr 20, 2023136$190.6MPGAAPLXOMvs. Q4 2022SEC
Q4 2022Jan 19, 2023129$173.0MPGXOMAAPLvs. Q3 2022SEC
Q3 2022Oct 24, 2022128$177.1MPGAAPLXOMvs. Q2 2022SEC
Q2 2022Jul 22, 2022124$185.3MPGAAPLXOMvs. Q1 2022SEC
Q1 2022May 2, 2022Amended143$239.8MPGAAPLAMZNvs. Q4 2021SEC
Q4 2021Jan 19, 2022143$248.1MPGAAPLAMZNvs. Q3 2021SEC
Q3 2021Oct 14, 2021137$227.1MPGAAPLAMZNvs. Q2 2021SEC
Q2 2021Jul 15, 2021134$218.9MPGAAPLAMZNvs. Q1 2021SEC
Q1 2021Apr 14, 2021129$198.2MPGAAPLAMZN–SEC