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Livermore
Livermore
ZHEN

Verde Capital Management

SEC CIK
0001802891
Latest filing
Aug 11, 2026

The latest 13F from Verde Capital Management covers Q2 2026 (filed Aug 11, 2026): 80 long positions worth $540.9M. The top 10 holdings make up 67.5% of the portfolio, and the largest is VanEck Morningstar Wide Moat ETF at 13.3%. 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
12
Est. +$55.1M
Added
40
Est. +$24.8M
Reduced
26
Est. −$58.0M
Sold out
1
Est. −$221.8K

Top 5 holdings

Share of this quarter's portfolio value

  1. VanEck Morningstar Wide Moat ETF92189F643
    13.3%$71.8M
  2. Schwab Fundamental International Equity ETF808524755
    9.9%$53.6M
  3. Invesco Nasdaq 100 ETF46138G649
    9.4%$51.1M
  4. State Street SPDR Portfolio S&P 500 ETF78464A854
    7.8%$42.3M
  5. iShares Tr46434V803
    7.6%$41.4M

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$42.3MNew
  2. BTCGrayscale Bitcoin Mini Trust ETF
    +$8.09MAddedHistory
  3. American Centy ETF Tr025072877
    +$6.64MNew
  4. VanEck Morningstar Wide Moat ETF92189F643
    +$3.37MAdded
  5. Schwab Fundamental Emerging Markets Equity ETF808524730
    +$2.39MNew

Largest weight increases

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

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +7.82 pp0.0% → 7.8%
  2. BTCGrayscale Bitcoin Mini Trust ETF
    +1.48 pp0.1% → 1.5%History
  3. American Centy ETF Tr025072877
    +1.23 pp0.0% → 1.2%
  4. Invesco Nasdaq 100 ETF46138G649
    +1.01 pp8.4% → 9.4%
  5. PANWPalo Alto Networks Inc
    +0.56 pp0.6% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard World FD921910733
    −$44.7MReduced
  2. IBITiShares Bitcoin Trust ETF
    −$6.45MReducedHistory
  3. ETHEGrayscale Ethereum Staking ETF
    −$1.24MReducedHistory
  4. iShares Tr464289479
    −$966.6KReduced
  5. Invesco QQQ Trust Series I46090E103
    −$714.3KReduced

Largest weight decreases

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

  1. Vanguard World FD921910733
    −8.00 pp14.6% → 6.6%
  2. IBITiShares Bitcoin Trust ETF
    −1.73 pp2.2% → 0.4%History
  3. ETHEGrayscale Ethereum Staking ETF
    −0.44 pp0.6% → 0.2%History
  4. iShares Tr464289479
    −0.42 pp1.8% → 1.4%
  5. Vanguard Intermediate-Term Bond ETF921937819
    −0.40 pp2.3% → 1.9%

Metrics

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

Portfolio value
$540.9M
+$73.2M (+15.7%) vs. prior quarter
Positions
80
+11 vs. prior quarter
Top 10 concentration
67.5%
Top 10 as share of value
Turnover
11.6%
Q2 2026, one quarter
Average holding period
16.5 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 $540.9M (Q2 2026)

Q1 2021: $227.0MQ2 2021: $237.6MQ3 2021: $240.2MQ4 2021: $262.6MQ1 2022: $252.4MQ2 2022: $217.9MQ3 2022: $205.7MQ4 2022: $209.3MQ1 2023: $239.8MQ2 2023: $263.6MQ3 2023: $257.2MQ4 2023: $264.5MQ1 2024: $292.1MQ2 2024: $315.0MQ3 2024: $333.4MQ4 2024: $354.5MQ1 2025: $351.5MQ2 2025: $405.2MQ3 2025: $451.3MQ4 2025: $468.9MQ1 2026: $467.7MQ2 2026: $540.9M
Q1 2021Q2 2026
13F filings of Verde Capital Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 202680$540.9MVanEck Morningstar Wide Moat ETFSchwab Fundamental International Equity ETFInvesco Nasdaq 100 ETFvs. Q1 2026SEC
Q1 2026Apr 17, 202669$467.7MVanguard World FDVanEck Morningstar Wide Moat ETFSchwab Fundamental International Equity ETFvs. Q4 2025SEC
Q4 2025Feb 6, 202667$468.9MVanguard World FDVanEck Morningstar Wide Moat ETFSchwab Fundamental International Equity ETFvs. Q3 2025SEC
Q3 2025Nov 12, 202568$451.3MVanguard World FDVanEck Morningstar Wide Moat ETFSchwab Fundamental International Equity ETFvs. Q2 2025SEC
Q2 2025Jul 7, 202565$405.2MVanguard World FDVanEck Morningstar Wide Moat ETFSchwab Fundamental International Equity ETFvs. Q1 2025SEC
Q1 2025Apr 8, 202564$351.5MVanguard World FDVanEck Morningstar Wide Moat ETFSchwab Fundamental International Equity ETFvs. Q4 2024SEC
Q4 2024Jan 17, 202564$354.5MVanguard World FDVanEck Morningstar Wide Moat ETFInvesco Nasdaq 100 ETFvs. Q3 2024SEC
Q3 2024Oct 18, 202452$333.4MVanguard World FDVanEck Morningstar Wide Moat ETFInvesco Nasdaq 100 ETFvs. Q2 2024SEC
Q2 2024Jul 18, 202445$315.0MVanguard World FDVanEck Morningstar Wide Moat ETFInvesco Nasdaq 100 ETFvs. Q1 2024SEC
Q1 2024Apr 15, 202442$292.1MVanEck Morningstar Wide Moat ETFVanguard World FDInvesco Nasdaq 100 ETFvs. Q4 2023SEC
Q4 2023Jan 12, 202443$264.5MVanEck Morningstar Wide Moat ETFVanguard World FDInvesco Nasdaq 100 ETFvs. Q3 2023SEC
Q3 2023Nov 14, 202343$257.2MVanEck Morningstar Wide Moat ETFVanguard World FDInvesco Nasdaq 100 ETFvs. Q2 2023SEC
Q2 2023Jul 13, 202342$263.6MVanEck Morningstar Wide Moat ETFVanguard World FDInvesco Nasdaq 100 ETFvs. Q1 2023SEC
Q1 2023Apr 25, 202339$239.8MVanEck Morningstar Wide Moat ETFVanguard World FDInvesco Nasdaq 100 ETFvs. Q4 2022SEC
Q4 2022Jan 24, 202339$209.3MVanEck Morningstar Wide Moat ETFVanguard World FDiShares Core S&P Mid-Cap ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202238$205.7MVanEck Morningstar Wide Moat ETFVanguard World FDiShares Core S&P Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 28, 202239$217.9MVanEck Morningstar Wide Moat ETFVanguard World FDiShares Core S&P Mid-Cap ETFvs. Q1 2022SEC
Q1 2022Apr 18, 202241$252.4MVanEck Morningstar Wide Moat ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q4 2021SEC
Q4 2021Jan 24, 202240$262.6MVanEck Morningstar Wide Moat ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2021SEC
Q3 2021Oct 13, 202137$240.2MVanEck Morningstar Wide Moat ETFVanguard Intermediate-Term Bond ETFVanguard Ftse Developed Markets ETFvs. Q2 2021SEC
Q2 2021Jul 14, 202141$237.6MVanguard Intermediate-Term Bond ETFVanEck Morningstar Wide Moat ETFInvesco Exchange Traded FD Tvs. Q1 2021SEC
Q1 2021Apr 14, 202137$227.0MVanguard Intermediate-Term Bond ETFVanEck Morningstar Wide Moat ETFInvesco Exch Traded FD Tr II–SEC