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Livermore
Livermore
ZHEN

Sierra Capital LLC

SEC CIK
0001787274
Latest filing
Aug 13, 2026

The latest 13F from Sierra Capital LLC covers Q2 2026 (filed Aug 13, 2026): 228 long positions worth $1.03B. The top 10 holdings make up 34.8% of the portfolio, and the largest is Vanguard S&P 500 ETF at 6.7%. 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
26
Est. +$8.46M
Added
55
Est. +$59.3M
Reduced
61
Est. −$23.7M
Sold out
14
Est. −$33.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    6.7%$69.0M
  2. iShares $ Short Duration Corp Bond UCITS ETF (Acc)G4955M820
    3.9%$40.2M
  3. iShares Core MSCI EMU UCITS ETF (Acc)G4955H144
    3.7%$37.8M
  4. iShares MSCI EM ex-China UCITS ETF (Acc)G4955N182
    3.6%$37.0M
  5. iShares S&P 500 Equal Weight UCITS ETF (Acc)G4954S208
    3.3%$34.5M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares MSCI World UCITS ETFG4953V103
    +$16.6MAdded
  2. iShares S&P 500 UCITS ETFG49507208
    +$10.2MAdded
  3. iShares $ Short Duration Corp Bond UCITS ETF (Acc)G4955M820
    +$6.51MAdded
  4. iShares S&P 500 Swap UCITS ETF USD (Acc)G4955H532
    +$3.60MAdded
  5. iShares $ Floating Rate Bond UCITS ETF (Acc)G4R53X414
    +$3.14MAdded

Largest weight increases

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

  1. iShares MSCI World UCITS ETFG4953V103
    +1.61 pp0.2% → 1.8%
  2. iShares S&P 500 UCITS ETFG49507208
    +0.99 pp0.4% → 1.4%
  3. iShares S&P 500 Swap UCITS ETF USD (Acc)G4955H532
    +0.44 pp2.5% → 3.0%
  4. iShares $ Short Duration Corp Bond UCITS ETF (Acc)G4955M820
    +0.25 pp3.6% → 3.9%
  5. iShares $ Floating Rate Bond UCITS ETF (Acc)G4R53X414
    +0.13 pp1.7% → 1.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI World UCITS ETFG4953V9B1
    −$14.5MSold out
  2. iShares Core S&P 500 UCITS ETF USD (Dist)G495079C5
    −$9.42MSold out
  3. iShares MSCI EM ex-China UCITS ETF (Acc)G4955N182
    −$3.83MReduced
  4. iShares Usd Tres Bond 7-10YG4955H482
    −$3.50MReduced
  5. iShares Core MSCI EMU UCITS ETF (Acc)G4955H144
    −$3.37MReduced

Largest weight decreases

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

  1. iShares MSCI World UCITS ETFG4953V9B1
    −1.58 pp1.6% → 0.0%
  2. iShares Core S&P 500 UCITS ETF USD (Dist)G495079C5
    −1.03 pp1.0% → 0.0%
  3. Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (Acc)G9T17Y703
    −0.33 pp0.3% → 0.0%
  4. iShares $ Short Duration Corp Bond UCITS ETF (Acc)422524918
    −0.27 pp0.3% → 0.0%
  5. iShares Core MSCI EMU UCITS ETF (Acc)G4955H144
    −0.26 pp3.9% → 3.7%

Metrics

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

Portfolio value
$1.03B
+$117.1M (+12.8%) vs. prior quarter
Positions
228
+12 vs. prior quarter
Top 10 concentration
34.8%
Top 10 as share of value
Turnover
5.8%
Q2 2026, one quarter
Average holding period
18.0 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 $1.03B (Q2 2026)

Q1 2021: $533.1MQ2 2021: $539.1MQ3 2021: $594.9MQ4 2021: $671.6MQ1 2022: $633.7MQ2 2022: $552.5MQ3 2022: $537.5MQ4 2022: $584.6MQ1 2023: $616.3MQ2 2023: $631.5MQ3 2023: $622.8MQ4 2023: $681.7MQ1 2024: $764.5MQ2 2024: $748.7MQ3 2024: $838.3MQ4 2024: $843.4MQ1 2025: $830.1MQ2 2025: $866.5MQ3 2025: $911.6MQ4 2025: $945.0MQ1 2026: $917.6MQ2 2026: $1.03B
Q1 2021Q2 2026
13F filings of Sierra Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026228$1.03BVanguard S&P 500 ETFiShares $ Short Duration Corp Bond UCITS ETF (Acc)iShares Core MSCI EMU UCITS ETF (Acc)vs. Q1 2026SEC
Q1 2026May 15, 2026216$917.6MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)iShares $ Short Duration Corp Bond UCITS ETF (Acc)vs. Q4 2025SEC
Q4 2025Feb 18, 2026198$945.0MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)iShares $ Short Duration Corp Bond UCITS ETF (Acc)vs. Q3 2025SEC
Q3 2025Nov 14, 2025207$911.6MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)iShares $ Short Duration Corp Bond UCITS ETF (Acc)vs. Q2 2025SEC
Q2 2025Aug 11, 2025204$866.5MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)iShares Core S&P 500 UCITS ETF (Acc)vs. Q1 2025SEC
Q1 2025Apr 30, 2025190$830.1MVanguard S&P 500 ETFiShares Core S&P 500 UCITS ETF (Acc)iShares Core MSCI EMU UCITS ETF (Acc)vs. Q4 2024SEC
Q4 2024Feb 4, 2025196$843.4MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)AAPLvs. Q3 2024SEC
Q3 2024Oct 21, 2024195$838.3MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)BRK.Bvs. Q2 2024SEC
Q2 2024Jul 25, 2024183$748.7MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)BRK.Bvs. Q1 2024SEC
Q1 2024Apr 29, 2024192$764.5MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)BRK.Bvs. Q4 2023SEC
Q4 2023Jan 30, 2024181$681.7MVanguard S&P 500 ETFiShares Core MSCI EMU UCITS ETF (Acc)iShares Core S&P 500 UCITS ETF (Acc)vs. Q3 2023SEC
Q3 2023Oct 31, 2023184$622.8MVanguard S&P 500 ETFBRK.BiShares Core S&P 500 UCITS ETF (Acc)vs. Q2 2023SEC
Q2 2023Jul 31, 2023179$631.5MVanguard S&P 500 ETFiShares Core S&P 500 UCITS ETF (Acc)iShares Core MSCI EMU UCITS ETF (Acc)vs. Q1 2023SEC
Q1 2023May 1, 2023184$616.3MVanguard S&P 500 ETFiShares Core S&P 500 UCITS ETF (Acc)BRK.Bvs. Q4 2022SEC
Q4 2022Feb 8, 2023649$584.6MVanguard S&P 500 ETFiShares Core S&P 500 UCITS ETF (Acc)BRK.Bvs. Q3 2022SEC
Q3 2022Nov 4, 2022678$537.5MVanguard S&P 500 ETFiShares Core S&P 500 UCITS ETF (Acc)iShares $ Short Duration High Yield Corp Bond UCITS ETF (Acc)vs. Q2 2022SEC
Q2 2022Aug 4, 2022733$552.5MVanguard S&P 500 ETFBRK.BiShares $ Short Duration High Yield Corp Bond UCITS ETF (Acc)vs. Q1 2022SEC
Q1 2022May 3, 2022829$633.7MVanguard S&P 500 ETFBRK.BiShares $ Short Duration High Yield Corp Bond UCITS ETF (Acc)vs. Q4 2021SEC
Q4 2021Feb 10, 2022851$671.6MVanguard S&P 500 ETFBRK.BiShares $ Short Duration High Yield Corp Bond UCITS ETF (Acc)vs. Q3 2021SEC
Q3 2021Nov 2, 2021494$594.9MVanguard S&P 500 ETFBRK.BiShares Core S&P 500 UCITS ETF (Acc)vs. Q2 2021SEC
Q2 2021Jul 22, 2021473$539.1MVanguard S&P 500 ETFBRK.BiShares Core S&P 500 ETFvs. Q1 2021SEC
Q1 2021May 28, 2021443$533.1MVanguard S&P 500 ETFiShares Core S&P 500 UCITS ETF (Acc)BRK.B–SEC