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Livermore
Livermore
ZHEN

Client First Capital LLC

SEC CIK
0001822065
Latest filing
Jul 10, 2026

The latest 13F from Client First Capital LLC covers Q2 2026 (filed Jul 10, 2026): 26 long positions worth $247.8M. The top 10 holdings make up 87.3% of the portfolio, and the largest is Invesco QQQ Trust Series I at 22.8%. 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
1
Est. +$207.0K
Added
6
Est. +$218.4K
Reduced
10
Est. −$1.80M
Sold out
1
Est. −$209.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    22.8%$56.6M
  2. iShares Core S&P 500 ETF464287200
    14.4%$35.7M
  3. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    12.3%$30.5M
  4. iShares MSCI USA Quality Factor ETF46432F339
    10.9%$27.1M
  5. WisdomTree Tr97717Y527
    9.3%$23.1M

Biggest buys

New and added positions, by estimated amount bought

  1. JNJJohnson & Johnson
    +$207.0KNewHistory
  2. BlackRock ETF Trust II092528504
    +$156.6KAdded
  3. GLDSPDR Gold Trust
    +$37.9KAddedHistory
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    +$13.7KAdded
  5. HDHome Depot, Inc.
    +$4.23KAddedHistory

Largest weight increases

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

  1. iShares MSCI USA Quality Factor ETF46432F339
    +0.52 pp10.4% → 10.9%
  2. State Street Industrial Select Sector SPDR ETF81369Y704
    +0.14 pp2.7% → 2.8%
  3. JNJJohnson & Johnson
    +0.08 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$1.03MReduced
  2. WisdomTree Tr97717Y527
    −$517.6KReduced
  3. COSTCostco Wholesale Corp
    −$209.3KSold outHistory
  4. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    −$75.7KReduced
  5. iShares Core S&P 500 ETF464287200
    −$67.4KReduced

Largest weight decreases

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

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −1.56 pp13.9% → 12.3%
  2. WisdomTree Tr97717Y527
    −1.06 pp10.4% → 9.3%
  3. State Street Communication Services Select Sector SPDR ETF81369Y852
    −0.33 pp2.9% → 2.6%
  4. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    −0.22 pp2.7% → 2.5%
  5. iShares Tr46438G588
    −0.10 pp1.7% → 1.6%

Metrics

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

Portfolio value
$247.8M
+$20.4M (+9.0%) vs. prior quarter
Positions
26
0 vs. prior quarter
Top 10 concentration
87.3%
Top 10 as share of value
Turnover
0.2%
Q2 2026, one quarter
Average holding period
14.1 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 $247.8M (Q2 2026)

Q4 2021: $140.8MQ1 2022: $148.7MQ2 2022: $130.2MQ3 2022: $136.4MQ4 2022: $127.8MQ1 2023: $130.9MQ2 2023: $134.7MQ3 2023: $138.2MQ4 2023: $137.6MQ1 2024: $142.7MQ2 2024: $166.1MQ3 2024: $180.9MQ4 2024: $194.5MQ1 2025: $195.2MQ2 2025: $213.0MQ3 2025: $224.5MQ4 2025: $234.1MQ1 2026: $227.4MQ2 2026: $247.8M
Q4 2021Q2 2026
13F filings of Client First Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 202626$247.8MInvesco QQQ Trust Series IiShares Core S&P 500 ETFiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q1 2026SEC
Q1 2026Apr 27, 202626$227.4MInvesco QQQ Trust Series IiShares Trust iShares 0-1 Year Treasury Bond ETFiShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 26, 202625$234.1MInvesco QQQ Trust Series IiShares Trust iShares 0-1 Year Treasury Bond ETFiShares Core S&P 500 ETFvs. Q3 2025SEC
Q3 2025Nov 5, 202522$224.5MInvesco QQQ Trust Series IiShares Trust iShares 0-1 Year Treasury Bond ETFWisdomTree Trvs. Q2 2025SEC
Q2 2025Aug 8, 202522$213.0MInvesco QQQ Trust Series IiShares Trust iShares 0-1 Year Treasury Bond ETFiShares Core S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 30, 202518$195.2MiShares Trust iShares 0-1 Year Treasury Bond ETFInvesco QQQ Trust Series IiShares Core S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 15, 202519$194.5MInvesco QQQ Trust Series IiShares Trust iShares 0-1 Year Treasury Bond ETFiShares Core S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 15, 202419$180.9MiShares Trust iShares 0-1 Year Treasury Bond ETFInvesco QQQ Trust Series IiShares Core S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 17, 202418$166.1MiShares Trust iShares 0-1 Year Treasury Bond ETFInvesco QQQ Trust Series IiShares Core S&P 500 ETFvs. Q1 2024SEC
Q1 2024Apr 16, 202414$142.7MiShares Trust iShares 0-1 Year Treasury Bond ETFInvesco QQQ Trust Series IiShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 16, 202421$137.6MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Oct 11, 202320$138.2MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Jul 18, 202322$134.7MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023Apr 13, 202322$130.9MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFUUPvs. Q4 2022SEC
Q4 2022Jan 25, 202322$127.8MiShares TrState Street Utilities Select Sector SPDR ETFInvesco QQQ Trust Series Ivs. Q3 2022SEC
Q3 2022Oct 12, 202221$136.4MiShares TrUUPInvesco QQQ Trust Series Ivs. Q2 2022SEC
Q2 2022Jul 29, 202223$130.2MiShares TrInvesco QQQ Trust Series IUUPvs. Q1 2022SEC
Q1 2022May 13, 202224$148.7MInvesco QQQ Trust Series IiShares TriShares MSCI USA Quality Factor ETFvs. Q4 2021SEC
Q4 2021May 4, 202226$140.8MInvesco QQQ Trust Series IiShares Core S&P 500 ETFiShares Core MSCI Eafe ETF–SEC