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Livermore
Livermore
ZHEN

Castellan Group, LLC

SEC CIK
0001832521
Latest filing
Jul 23, 2026

The latest 13F from Castellan Group, LLC covers Q2 2026 (filed Jul 23, 2026): 39 long positions worth $910.0M. The top 10 holdings make up 92.6% of the portfolio, and the largest is Ea Series Trust at 67.1%. Livermore has 24 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
11
Est. +$24.5M
Added
9
Est. +$8.94M
Reduced
15
Est. −$6.61M
Sold out
6
Est. −$19.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. Ea Series Trust02072Q499
    67.1%$611.0M
  2. Ea Series Trust02072Q481
    19.4%$176.7M
  3. Ea Series Trust02072L565
    2.3%$20.5M
  4. CTRECareTrust REIT, Inc.
    0.6%$5.26MHistory
  5. LXPLXP Industrial Trust
    0.6%$5.12MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Ea Series Trust02072Q481
    +$7.06MAdded
  2. LXPLXP Industrial Trust
    +$5.12MNewHistory
  3. EIXEdison International
    +$5.08MNewHistory
  4. BIPCBrookfield Infrastructure Corp
    +$4.55MNewHistory
  5. VICIVici Properties Inc.
    +$4.48MNewHistory

Largest weight increases

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

  1. LXPLXP Industrial Trust
    +0.56 pp0.0% → 0.6%History
  2. EIXEdison International
    +0.56 pp0.0% → 0.6%History
  3. BIPCBrookfield Infrastructure Corp
    +0.50 pp0.0% → 0.5%History
  4. VICIVici Properties Inc.
    +0.49 pp0.0% → 0.5%History
  5. iShares Core S&P 500 ETF464287200
    +0.18 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PORPortland General Electric Co
    −$4.98MSold outHistory
  2. NJRNew Jersey Resources Corp
    −$4.85MSold outHistory
  3. ESEversource Energy
    −$4.57MSold outHistory
  4. TRNOTerreno Realty Corp
    −$4.46MSold outHistory
  5. Ea Series Trust02072Q499
    −$2.34MReduced

Largest weight decreases

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

  1. PORPortland General Electric Co
    −0.69 pp0.7% → 0.0%History
  2. NJRNew Jersey Resources Corp
    −0.67 pp0.7% → 0.0%History
  3. ESEversource Energy
    −0.63 pp0.6% → 0.0%History
  4. TRNOTerreno Realty Corp
    −0.62 pp0.6% → 0.0%History
  5. Ea Series Trust02072L565
    −0.60 pp2.9% → 2.3%

Metrics

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

Portfolio value
$910.0M
+$187.5M (+25.9%) vs. prior quarter
Positions
39
+5 vs. prior quarter
Top 10 concentration
92.6%
Top 10 as share of value
Turnover
3.2%
Q2 2026, one quarter
Average holding period
5.3 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 $910.0M (Q2 2026)

Q1 2021: $187.1MQ2 2021: $238.4MQ3 2021: $194.2MQ4 2021: $144.3MQ1 2022: $144.2MQ2 2022: $126.2MQ3 2022: $128.7MQ4 2022: $143.5MQ1 2023: $146.4MQ2 2023: $156.5MQ3 2023: $142.3MQ4 2023: $161.0MQ1 2024: $195.3MQ2 2024: $210.1MQ3 2024: $237.2MQ4 2024: $230.8MQ1 2025: $357.6MQ2 2025: $542.8MQ3 2025: $688.0MQ4 2025: $792.7MQ1 2026: $722.6MQ2 2026: $910.0M
Q1 2021Q2 2026
13F filings of Castellan Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202639$910.0MEa Series TrustEa Series TrustEa Series Trustvs. Q1 2026SEC
Q1 2026Apr 23, 202634$722.6MEa Series TrustEa Series TrustEa Series Trustvs. Q4 2025SEC
Q4 2025Jan 23, 202657$792.7MEa Series TrustEa Series TrustGOOGvs. Q3 2025SEC
Q3 2025Oct 23, 202535$688.0MEa Series TrustEa Series TrustGLTRvs. Q2 2025SEC
Q2 2025Aug 12, 2025Amended31$542.8MEa Series TrustEa Series TrustState Street Energy Select Sector SPDR ETFvs. Q1 2025SEC
Q1 2025May 8, 202565$357.6MHALOMSFTFTNTvs. Q4 2024SEC
Q4 2024Jan 29, 202561$230.8MAPPMSFTTGTXvs. Q3 2024SEC
Q3 2024Nov 25, 202459$237.2MNRGMSFTAPPvs. Q2 2024SEC
Q2 2024Aug 12, 202459$210.1MMSFTFTAIMODvs. Q1 2024SEC
Q1 2024May 15, 202459$195.3MMSFTMODFTAIvs. Q4 2023SEC
Q4 2023Feb 14, 202457$161.0MMSFTURISMCIvs. Q3 2023SEC
Q3 2023Nov 15, 202360$142.3MJBLSMCIMSFTvs. Q2 2023SEC
Q2 2023Aug 14, 202362$156.5MACLSSMCIMSFTvs. Q1 2023SEC
Q1 2023May 17, 202356$146.4MACLSMSFTWCCvs. Q4 2022SEC
Q4 2022Feb 16, 202355$143.5MAAPLACLSMSFTvs. Q3 2022SEC
Q3 2022Nov 15, 202256$128.7MMSFTAAPLMRKvs. Q2 2022SEC
Q2 2022Aug 15, 2022Amended55$126.2MAAPLMSFTMRKvs. Q1 2022SEC
Q1 2022May 23, 202260$144.2MMSFTCGAMPvs. Q4 2021SEC
Q4 2021Feb 16, 202272$144.3MGLTRMSFTCPERvs. Q3 2021SEC
Q3 2021Nov 15, 202177$194.2MAMZNState Street Energy Select Sector SPDR ETFNVDAvs. Q2 2021SEC
Q2 2021Aug 16, 202174$238.4MNVDAAMZNCVSvs. Q1 2021SEC
Q1 2021May 14, 202172$187.1MCVSNVDASPY–SEC