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Livermore
Livermore
ZHEN

Praxis Capital Management LLC

SEC CIK
0001791253
Latest filing
Jul 22, 2026

The latest 13F from Praxis Capital Management LLC covers Q2 2026 (filed Jul 22, 2026): 29 long positions worth $63.1M. The top 10 holdings make up 88.2% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 63.8%. Livermore has 3 filings on Form 13F from this institution, going back to Q4 2025.

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
9
Est. +$5.44M
Added
7
Est. +$35.9M
Reduced
13
Est. −$4.00M
Sold out
19
Est. −$18.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    63.8%$40.3MHistory
  2. GLDSPDR Gold Trust
    8.3%$5.23MHistory
  3. SLViShares Silver Trust
    2.8%$1.76MHistory
  4. PPLTabrdn Platinum ETF Trust
    2.5%$1.56MHistory
  5. MSFTMicrosoft Corp
    2.3%$1.47MHistory

Share of portfolio

Top 5 holdings and the other 24 positions, by share of portfolio value

  1. SPY63.8%
  2. GLD8.3%
  3. SLV2.8%
  4. PPLT2.5%
  5. MSFT2.3%
  6. Other 24 positions20.3%

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$32.7MAddedHistory
  2. PPLTabrdn Platinum ETF Trust
    +$1.56MNewHistory
  3. MSFTMicrosoft Corp
    +$907.6KAddedHistory
  4. SLViShares Silver Trust
    +$882.3KAddedHistory
  5. GOOGLAlphabet Inc.
    +$761.2KNewHistory

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +48.46 pp15.3% → 63.8%History
  2. PPLTabrdn Platinum ETF Trust
    +2.47 pp0.0% → 2.5%History
  3. GOOGLAlphabet Inc.
    +1.21 pp0.0% → 1.2%History
  4. METAMeta Platforms, Inc.
    +1.19 pp0.0% → 1.2%History
  5. MSFTMicrosoft Corp
    +1.03 pp1.3% → 2.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$5.83MSold out
  2. iShares Tr464287184
    −$1.99MSold out
  3. Invesco Actvely MNGD Etc FD46090F100
    −$1.52MSold out
  4. OXYOccidental Petroleum Corp
    −$1.32MSold outHistory
  5. AGROAdecoagro S.A.
    −$1.07MSold outHistory

Largest weight decreases

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

  1. Invesco QQQ Trust Series I46090E103
    −13.62 pp13.6% → 0.0%
  2. iShares Tr464287184
    −4.64 pp4.6% → 0.0%
  3. Invesco Actvely MNGD Etc FD46090F100
    −3.56 pp3.6% → 0.0%
  4. OXYOccidental Petroleum Corp
    −3.09 pp3.1% → 0.0%History
  5. AGROAdecoagro S.A.
    −2.49 pp2.5% → 0.0%History

Metrics

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

Portfolio value
$63.1M
+$20.3M (+47.4%) vs. prior quarter
Positions
29
−10 vs. prior quarter
Top 10 concentration
88.2%
Top 10 as share of value
Turnover
41.9%
Q2 2026, one quarter
Average holding period
2.7 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 (Q4 2025), so positions held before then are understated.

13F filings by quarter

3 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $63.1M (Q2 2026)

Q4 2025: $27.9MQ1 2026: $42.8MQ2 2026: $63.1M
Q4 2025Q2 2026
13F filings of Praxis Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 202629$63.1MSPYGLDSLVvs. Q1 2026SEC
Q1 2026May 1, 202639$42.8MSPYInvesco QQQ Trust Series IGLDvs. Q4 2025SEC
Q4 2025Feb 9, 202635$27.9MSPYInvesco QQQ Trust Series IGOOG–SEC