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Livermore
Livermore
ZHEN

Conifer Management, L.L.C.

SEC CIK
0001773994
Latest filing
Aug 13, 2026

The latest 13F from Conifer Management, L.L.C. covers Q2 2026 (filed Aug 13, 2026): 6 long positions worth $606.7M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Group 1 Automotive Inc (GPI) at 46.4%. 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
1
Est. +$64.4M
Added
1
Est. +$61.7M
Reduced
0
Sold out
1
Est. −$52.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. GPIGroup 1 Automotive Inc
    46.4%$281.6MHistory
  2. EQHEquitable Holdings, Inc.
    30.4%$184.3MHistory
  3. AIIRAIR Global PLC
    10.6%$64.4MHistory
  4. MNDYmonday.com Ltd.
    4.8%$29.0MHistory
  5. RMNIRimini Street, Inc.
    4.2%$25.2MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AIIRAIR Global PLC
    +$64.4MNewHistory
  2. GPIGroup 1 Automotive Inc
    +$61.7MAddedHistory

Largest weight increases

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

  1. AIIRAIR Global PLC
    +10.61 pp0.0% → 10.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. LADLithia Motors Inc
    −$52.9MSold outHistory

Largest weight decreases

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

  1. LADLithia Motors Inc
    −10.11 pp10.1% → 0.0%History

Metrics

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

Portfolio value
$606.7M
+$82.8M (+15.8%) vs. prior quarter
Positions
6
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
9.4%
Q2 2026, one quarter
Average holding period
14.9 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 $1.63B (Q1 2021)

Q1 2021: $1.63BQ2 2021: $1.48BQ3 2021: $1.45BQ4 2021: $1.43BQ1 2022: $872.8MQ2 2022: $661.9MQ3 2022: $703.1MQ4 2022: $822.0MQ1 2023: $833.2MQ2 2023: $911.3MQ3 2023: $887.1MQ4 2023: $1.03BQ1 2024: $906.1MQ2 2024: $815.6MQ3 2024: $873.6MQ4 2024: $775.8MQ1 2025: $659.7MQ2 2025: $768.4MQ3 2025: $631.1MQ4 2025: $603.6MQ1 2026: $523.8MQ2 2026: $606.7M
Q1 2021Q2 2026
13F filings of Conifer Management, L.L.C. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 20266$606.7MGPIEQHAIIRvs. Q1 2026SEC
Q1 2026May 15, 20266$523.8MGPIEQHLADvs. Q4 2025SEC
Q4 2025Feb 13, 20265$603.6MGPIEQHLADvs. Q3 2025SEC
Q3 2025Nov 14, 20255$631.1MGPIEQHLADvs. Q2 2025SEC
Q2 2025Aug 14, 20256$768.4MEQHGPILADvs. Q1 2025SEC
Q1 2025May 15, 20255$659.7MEQHGPILADvs. Q4 2024SEC
Q4 2024Feb 14, 20256$775.8MGPIEQHLADvs. Q3 2024SEC
Q3 2024Nov 14, 20246$873.6MEQHLADGPIvs. Q2 2024SEC
Q2 2024Aug 14, 20246$815.6MEQHLADGPIvs. Q1 2024SEC
Q1 2024May 15, 20247$906.1MEQHLADSTLAvs. Q4 2023SEC
Q4 2023Feb 14, 20247$1.03BSTLAEQHLADvs. Q3 2023SEC
Q3 2023Nov 14, 20238$887.1MSTLAEQHLADvs. Q2 2023SEC
Q2 2023Aug 14, 202310$911.3MSTLALADEQHvs. Q1 2023SEC
Q1 2023May 15, 202311$833.2MSTLAEQHLADvs. Q4 2022SEC
Q4 2022Feb 13, 202311$822.0MSTLAEQHBLDRvs. Q3 2022SEC
Q3 2022Nov 14, 202210$703.1MSTLAEQHBLDRvs. Q2 2022SEC
Q2 2022Aug 15, 20229$661.9MEQHSTLABLDRvs. Q1 2022SEC
Q1 2022May 16, 202211$872.8MEQHSTLABLDRvs. Q4 2021SEC
Q4 2021Feb 14, 202213$1.43BSTLAEQHBLDRvs. Q3 2021SEC
Q3 2021Nov 15, 202114$1.45BSTLABABAEQHvs. Q2 2021SEC
Q2 2021Aug 16, 202114$1.48BBABASTLAEQHvs. Q1 2021SEC
Q1 2021May 17, 202114$1.63BBABASTLAEQH–SEC

13D and 13G filings

Companies where Conifer Management, L.L.C. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

4 companies, largest stake first.

Companies where Conifer Management, L.L.C. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
SDHCSmith Douglas Homes Corp.13G/A15.00%1.35M shares+9.40 ppfrom 5.60%Aug 13, 20252 filingsNov 6, 2025SEC
GPIGroup 1 Automotive Inc13D/A12.70%1.51M shares+1.30 ppfrom 11.40%May 14, 20265 filingsSep 22, 2026SEC
AIIRAIR Global PLC13G6.00%9.67M sharesNewAug 13, 20261 filingAug 13, 2026SEC
BURBurford Capital Ltd13G5.60%12.1M sharesNewFeb 12, 20261 filingFeb 12, 2026SEC

Latest filings

22 filings on file made by Conifer Management, L.L.C. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Conifer Management, L.L.C.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
GPIGroup 1 Automotive IncSep 22, 20267:14 AM ET13D/A12.70%1.51M shares+1.30 ppfrom 11.40%Sep 18, 2026SEC
GPIGroup 1 Automotive IncSep 8, 20265:31 PM ET13D/A11.40%1.36M shares+1.70 ppfrom 9.70%Sep 3, 2026SEC
GPIGroup 1 Automotive IncAug 20, 20264:19 PM ET13D9.70%1.16M shares+1.60 ppfrom 8.10%Aug 13, 2026SEC
AIIRAIR Global PLCAug 13, 20265:35 PM ET13G6.00%9.67M sharesNewJun 30, 2026SEC
GPIGroup 1 Automotive IncAug 13, 20265:31 PM ET13G/A8.10%967.0K shares+1.70 ppfrom 6.40%Jun 30, 2026SEC
GPIGroup 1 Automotive IncMay 14, 20265:50 PM ET13G6.40%755.0K sharesNewMar 31, 2026SEC
BURBurford Capital LtdFeb 12, 20266:32 PM ET13G5.60%12.1M sharesNewDec 31, 2025SEC
SDHCSmith Douglas Homes Corp.Nov 6, 20255:51 PM ET13G/A15.00%1.35M shares+9.40 ppfrom 5.60%Oct 31, 2025SEC
SDHCSmith Douglas Homes Corp.Aug 13, 20255:36 PM ET13G5.60%500.0K sharesNewJun 30, 2025SEC
RMNIRimini Street, Inc.Feb 14, 202413G/AOld format–––SEC
IMXIInternational Money Express, Inc.Feb 14, 202313G/AOld format–––SEC
RMNIRimini Street, Inc.Feb 14, 202313GOld format–New–SEC
GTYHGTY Technology Holdings Inc.Jun 10, 202213G/AOld format–––SEC
Sinclair Broadcast Group, LLCFeb 14, 202213G/AOld format–––SEC
IMXIInternational Money Express, Inc.Feb 14, 202213G/AOld format–––SEC
GTT Communications, Inc.Feb 14, 202213G/AOld format–––SEC
GTYHGTY Technology Holdings Inc.Feb 14, 202213G/AOld format–––SEC
IMXIInternational Money Express, Inc.Feb 16, 202113GOld format–New–SEC
Sinclair Broadcast Group, LLCFeb 16, 202113GOld format–New–SEC
BLDRBuilders FirstSource, Inc.Feb 16, 202113G/AOld format–––SEC