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Livermore
Livermore
ZHEN

Apeiron RIA LLC

SEC CIK
0001801846
Latest filing
Jul 16, 2026

The latest 13F from Apeiron RIA LLC covers Q2 2026 (filed Jul 16, 2026): 162 long positions worth $388.8M. The top 10 holdings make up 40.3% of the portfolio, and the largest is iShares Core S&P 500 ETF at 10.0%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
12
Est. +$8.48M
Added
39
Est. +$30.1M
Reduced
98
Est. −$94.4M
Sold out
54
Est. −$23.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    10.0%$38.7M
  2. Dimensional ETF Trust25434V807
    4.6%$17.7M
  3. American Centy ETF Tr025072877
    4.4%$17.1M
  4. BlackRock ETF Trust09290C103
    4.4%$17.1M
  5. iShares Tr46434V613
    3.4%$13.4M

Biggest buys

New and added positions, by estimated amount bought

  1. BlackRock ETF Trust09290C764
    +$8.74MAdded
  2. iShares S&P 500 Growth ETF464287309
    +$5.42MAdded
  3. iShares S&P 500 Value ETF464287408
    +$4.45MAdded
  4. BlackRock ETF Trust09290C855
    +$3.91MAdded
  5. iShares MSCI USA Momentum Factor ETF46432F396
    +$2.86MNew

Largest weight increases

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

  1. BlackRock ETF Trust09290C764
    +2.30 pp0.2% → 2.5%
  2. iShares S&P 500 Growth ETF464287309
    +1.78 pp1.1% → 2.9%
  3. iShares S&P 500 Value ETF464287408
    +1.36 pp1.1% → 2.5%
  4. BlackRock ETF Trust09290C780
    +1.13 pp1.2% → 2.3%
  5. BlackRock ETF Trust09290C855
    +1.03 pp0.1% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core MSCI Emerging Markets ETF46434G103
    −$11.7MReduced
  2. iShares Tr464288877
    −$7.35MReduced
  3. iShares Tr46434V613
    −$6.94MReduced
  4. iShares MSCI USA Quality Factor ETF46432F339
    −$5.89MReduced
  5. iShares Tr464288414
    −$5.71MReduced

Largest weight decreases

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

  1. iShares Core MSCI Emerging Markets ETF46434G103
    −1.71 pp4.1% → 2.4%
  2. iShares Tr464288877
    −1.51 pp3.3% → 1.8%
  3. iShares Tr46434V613
    −1.27 pp4.7% → 3.4%
  4. iShares Tr464288414
    −1.15 pp2.6% → 1.4%
  5. iShares MSCI USA Quality Factor ETF46432F339
    −0.89 pp2.3% → 1.4%

Metrics

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

Portfolio value
$388.8M
−$42.7M (−9.9%) vs. prior quarter
Positions
162
−42 vs. prior quarter
Top 10 concentration
40.3%
Top 10 as share of value
Turnover
9.4%
Q2 2026, one quarter
Average holding period
14.0 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $492.9M (Q4 2025)

Q4 2021: $243.6MQ1 2022: $209.8MQ2 2022: $50.1MQ3 2022: $217.2MQ4 2022: $261.4MQ1 2023: $290.8MQ2 2023: $292.1MQ3 2023: $293.2MQ4 2023: $320.6MQ1 2024: $345.3MQ2 2024: $326.5MQ3 2024: $348.8MQ4 2024: $357.4MQ1 2025: $330.7MQ2 2025: $388.4MQ3 2025: $444.6MQ4 2025: $492.9MQ1 2026: $431.4MQ2 2026: $388.8M
Q4 2021Q2 2026
13F filings of Apeiron RIA LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 2026162$388.8MiShares Core S&P 500 ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q1 2026SEC
Q1 2026Apr 27, 2026204$431.4MiShares Core S&P 500 ETFiShares TriShares Core MSCI Emerging Markets ETFvs. Q4 2025SEC
Q4 2025Feb 3, 2026207$492.9MiShares Core S&P 500 ETFBlackRock ETF TrustiShares Trvs. Q3 2025SEC
Q3 2025Oct 14, 2025210$444.6MiShares MSCI USA Quality Factor ETFBlackRock ETF TrustDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Aug 7, 2025204$388.4MiShares TrDimensional ETF TrustiShares MSCI USA Quality Factor ETFvs. Q1 2025SEC
Q1 2025May 29, 2025199$330.7MState Street SPDR Portfolio S&P 500 ETFiShares TrDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Jan 17, 2025205$357.4MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q3 2024SEC
Q3 2024Nov 14, 2024204$348.8MiShares Core S&P 500 ETFiShares TrState Street SPDR Portfolio S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 16, 2024205$326.5MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFVanguard High Dividend Yield Index ETFvs. Q1 2024SEC
Q1 2024Apr 15, 2024208$345.3MState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFABBVvs. Q4 2023SEC
Q4 2023Jan 12, 2024198$320.6MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFVanguard High Dividend Yield Index ETFvs. Q3 2023SEC
Q3 2023Oct 19, 2023189$293.2MState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFABBVvs. Q2 2023SEC
Q2 2023Jul 20, 2023191$292.1MState Street SPDR Portfolio S&P 500 ETFVanguard High Dividend Yield Index ETFABBVvs. Q1 2023SEC
Q1 2023Apr 13, 2023193$290.8MVanguard High Dividend Yield Index ETFABBVState Street SPDR Portfolio S&P 500 ETFvs. Q4 2022SEC
Q4 2022Jan 20, 2023183$261.4MVanguard High Dividend Yield Index ETFiShares TrABBVvs. Q3 2022SEC
Q3 2022Oct 18, 2022169$217.2MVanguard High Dividend Yield Index ETFiShares TrABBVvs. Q2 2022SEC
Q2 2022Jul 26, 2022146$50.1MXOMiShares TriShares Trvs. Q1 2022SEC
Q1 2022Apr 19, 2022153$209.8MABBVVanguard High Dividend Yield Index ETFABTvs. Q4 2021SEC
Q4 2021Feb 15, 2022172$243.6MVanguard High Dividend Yield Index ETFiShares TrABT–SEC