Skip to main content
Livermore
Livermore
ZHEN

David Loasby

SEC CIK
0001775863
Latest filing
Feb 13, 2026

The latest 13F from David Loasby covers Q4 2025 (filed Feb 13, 2026): 421 long positions worth $1.48B. The top 10 holdings make up 49.4% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 19.9%. Livermore has 20 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2025

Share counts compared with Q3 2025: 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
34
Est. +$24.3M
Added
208
Est. +$404.7M
Reduced
159
Est. −$260.0M
Sold out
28
Est. −$9.93M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    19.9%$295.3M
  2. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    4.7%$70.3M
  3. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    4.3%$63.4M
  4. American Centy ETF Tr025072604
    4.1%$61.1M
  5. AAPLApple Inc.
    3.5%$52.5MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$292.7MAdded
  2. American Centy ETF Tr025072604
    +$21.6MAdded
  3. Vanguard Ftse Developed Markets ETF921943858
    +$10.2MAdded
  4. Vanguard S&P 500 ETF922908363
    +$6.81MAdded
  5. Vanguard Mun BD FDS922907746
    +$6.77MAdded

Largest weight increases

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

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +19.69 pp0.2% → 19.9%
  2. American Centy ETF Tr025072604
    +1.24 pp2.9% → 4.1%
  3. Vanguard Ftse Developed Markets ETF921943858
    +0.49 pp2.7% → 3.2%
  4. Vanguard Scottsdale FDS92206C730
    +0.34 pp0.0% → 0.3%
  5. Vanguard S&P 500 ETF922908363
    +0.33 pp1.3% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −$114.1MReduced
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$103.2MReduced
  3. AMJBJPMorgan Chase & Co
    −$8.68MReducedHistory
  4. American Centy ETF Tr025072356
    −$3.96MReduced
  5. iShares Tr464288372
    −$3.77MReduced

Largest weight decreases

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

  1. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −9.01 pp13.7% → 4.7%
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −8.27 pp12.5% → 4.3%
  3. AMJBJPMorgan Chase & Co
    −0.67 pp1.1% → 0.4%History
  4. American Centy ETF Tr025072356
    −0.49 pp1.6% → 1.2%
  5. PGProcter & Gamble Co
    −0.32 pp1.5% → 1.2%History

Metrics

13F metrics for Q4 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.48B
+$199.1M (+15.5%) vs. prior quarter
Positions
421
+6 vs. prior quarter
Top 10 concentration
49.4%
Top 10 as share of value
Turnover
19.5%
Q4 2025, one quarter
Average holding period
16.9 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

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

Peak $1.48B (Q4 2025)

Q1 2021: $712.8MQ2 2021: $766.7MQ3 2021: $788.2MQ4 2021: $813.3MQ1 2022: $766.0MQ2 2022: $673.5MQ3 2022: $613.1MQ4 2022: $756.5MQ1 2023: $867.9MQ2 2023: $911.3MQ3 2023: $902.8MQ4 2023: $929.9MQ1 2024: $984.6MQ2 2024: $1.04BQ3 2024: $1.06BQ4 2024: $1.09BQ1 2025: $1.01BQ2 2025: $1.18BQ3 2025: $1.29BQ4 2025: $1.48B
Q1 2021Q4 2025
13F filings of David Loasby by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2025Feb 13, 2026421$1.48BState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025415$1.29BState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFAAPLvs. Q2 2025SEC
Q2 2025Aug 13, 2025407$1.18BState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFiShares Trvs. Q1 2025SEC
Q1 2025May 8, 2025380$1.01BState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFBRK.Bvs. Q4 2024SEC
Q4 2024Feb 12, 2025380$1.09BState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFiShares Trvs. Q3 2024SEC
Q3 2024Nov 12, 2024369$1.06BState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFiShares Trvs. Q2 2024SEC
Q2 2024Aug 14, 2024354$1.04BState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFiShares Trvs. Q1 2024SEC
Q1 2024May 10, 2024343$984.6MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024320$929.9MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q3 2023SEC
Q3 2023Nov 7, 2023315$902.8MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q2 2023SEC
Q2 2023Aug 9, 2023309$911.3MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q1 2023SEC
Q1 2023May 9, 2023285$867.9MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q4 2022SEC
Q4 2022Feb 9, 2023241$756.5MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Nov 10, 2022193$613.1MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q2 2022SEC
Q2 2022Aug 8, 2022186$673.5MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q1 2022SEC
Q1 2022May 10, 2022201$766.0MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q4 2021SEC
Q4 2021Feb 8, 2022208$813.3MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFVanguard Total Bond Market ETFvs. Q3 2021SEC
Q3 2021Nov 16, 2021201$788.2MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFVanguard Total Bond Market ETFvs. Q2 2021SEC
Q2 2021Aug 11, 2021188$766.7MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFVanguard Total Bond Market ETFvs. Q1 2021SEC
Q1 2021May 3, 2021175$712.8MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETF–SEC