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Livermore
Livermore
ZHEN

Galvin, Gaustad & Stein, LLC

SEC CIK
0001840945
Latest filing
Jul 29, 2026

The latest 13F from Galvin, Gaustad & Stein, LLC covers Q2 2026 (filed Jul 29, 2026): 261 long positions worth $1.35B. The top 10 holdings make up 28.9% of the portfolio, and the largest is State Street Technology Select Sector SPDR ETF at 7.4%. 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
30
Est. +$23.7M
Added
106
Est. +$81.1M
Reduced
110
Est. −$88.6M
Sold out
20
Est. −$38.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street Technology Select Sector SPDR ETF81369Y803
    7.4%$99.8M
  2. iShares Core MSCI Eafe ETF46432F842
    3.5%$47.5M
  3. Vanguard Ftse Developed Markets ETF921943858
    3.4%$46.0M
  4. NVDANVIDIA Corp
    2.4%$32.0MHistory
  5. GEGeneral Electric Co
    2.3%$30.9MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. State Street Health Care Select Sector SPDR ETF81369Y209
    +$12.9MAdded
  2. QXOQXO, Inc.
    +$8.25MNewHistory
  3. CRCLCircle Internet Group, Inc.
    +$5.54MAddedHistory
  4. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$5.18MAdded
  5. CHWYChewy, Inc.
    +$5.00MAddedHistory

Largest weight increases

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

  1. State Street Health Care Select Sector SPDR ETF81369Y209
    +0.96 pp0.1% → 1.1%
  2. QXOQXO, Inc.
    +0.61 pp0.0% → 0.6%History
  3. NVDANVIDIA Corp
    +0.42 pp1.9% → 2.4%History
  4. CRCLCircle Internet Group, Inc.
    +0.39 pp<0.1% → 0.4%History
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.39 pp0.1% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P Mid-Cap ETF464287507
    −$15.8MReduced
  2. ZTSZoetis Inc.
    −$10.3MSold outHistory
  3. Pacer FDS Tr69374H709
    −$8.75MSold out
  4. State Street Consumer Discretionary Select Sector SPDR ETF81369Y407
    −$8.36MReduced
  5. MATMattel Inc
    −$8.11MSold outHistory

Largest weight decreases

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

  1. iShares Core S&P Mid-Cap ETF464287507
    −1.10 pp1.4% → 0.3%
  2. ZTSZoetis Inc.
    −0.82 pp0.8% → 0.0%History
  3. Pacer FDS Tr69374H709
    −0.70 pp0.7% → 0.0%
  4. MATMattel Inc
    −0.65 pp0.7% → 0.0%History
  5. State Street Consumer Discretionary Select Sector SPDR ETF81369Y407
    −0.63 pp1.0% → 0.4%

Metrics

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

Portfolio value
$1.35B
+$105.0M (+8.4%) vs. prior quarter
Positions
261
+10 vs. prior quarter
Top 10 concentration
28.9%
Top 10 as share of value
Turnover
8.1%
Q2 2026, one quarter
Average holding period
16.3 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 $1.35B (Q2 2026)

Q1 2021: $993.9MQ2 2021: $1.05BQ3 2021: $1.04BQ4 2021: $1.16BQ1 2022: $1.11BQ2 2022: $986.4MQ3 2022: $944.1MQ4 2022: $993.1MQ1 2023: $1.01BQ2 2023: $1.03BQ3 2023: $987.0MQ4 2023: $1.07BQ1 2024: $1.09BQ2 2024: $1.07BQ3 2024: $1.12BQ4 2024: $1.12BQ1 2025: $1.12BQ2 2025: $1.16BQ3 2025: $1.23BQ4 2025: $1.28BQ1 2026: $1.25BQ2 2026: $1.35B
Q1 2021Q2 2026
13F filings of Galvin, Gaustad & Stein, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026261$1.35BState Street Technology Select Sector SPDR ETFiShares Core MSCI Eafe ETFVanguard Ftse Developed Markets ETFvs. Q1 2026SEC
Q1 2026May 14, 2026251$1.25BState Street Technology Select Sector SPDR ETFiShares Core MSCI Eafe ETFVanguard Ftse Developed Markets ETFvs. Q4 2025SEC
Q4 2025Jan 23, 2026249$1.28BiShares Core MSCI Eafe ETFVanguard Ftse Developed Markets ETFMSFTvs. Q3 2025SEC
Q3 2025Oct 22, 2025205$1.23BiShares Core MSCI Eafe ETFHCAMSFTvs. Q2 2025SEC
Q2 2025Jul 24, 2025191$1.16BiShares Core MSCI Eafe ETFVanguard Ftse Developed Markets ETFMSFTvs. Q1 2025SEC
Q1 2025May 7, 2025181$1.12BiShares Core MSCI Eafe ETFUNHVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Jan 17, 2025182$1.12BiShares Core MSCI Eafe ETFLULUAMZNvs. Q3 2024SEC
Q3 2024Nov 1, 2024184$1.12BiShares Core MSCI Eafe ETFUNHVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Jul 17, 2024183$1.07BiShares Core MSCI Eafe ETFUNHMSFTvs. Q1 2024SEC
Q1 2024Apr 15, 2024184$1.09BiShares Core MSCI Eafe ETFMSFTVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Jan 11, 2024183$1.07BiShares Core MSCI Eafe ETFUNHMSFTvs. Q3 2023SEC
Q3 2023Oct 18, 2023168$987.0MiShares Core MSCI Eafe ETFUNHMSFTvs. Q2 2023SEC
Q2 2023Jul 24, 2023165$1.03BiShares Core MSCI Eafe ETFMSFTUNHvs. Q1 2023SEC
Q1 2023Apr 17, 2023160$1.01BiShares Core MSCI Eafe ETFMSFTUNHvs. Q4 2022SEC
Q4 2022Feb 13, 2023162$993.1MUNHJPMMSFTvs. Q3 2022SEC
Q3 2022Oct 26, 2022158$944.1MUNHMSFTAMZNvs. Q2 2022SEC
Q2 2022Jul 22, 2022164$986.4MUNHMSFTKOvs. Q1 2022SEC
Q1 2022Apr 27, 2022168$1.11BUNHMSFTAMZNvs. Q4 2021SEC
Q4 2021Jan 31, 2022174$1.16BUNHMSFTJPMvs. Q3 2021SEC
Q3 2021Oct 29, 2021176$1.04BJPMMSFTUNHvs. Q2 2021SEC
Q2 2021Jul 29, 2021190$1.05BMSFTJPMAMZNvs. Q1 2021SEC
Q1 2021Apr 19, 2021188$993.9MJPMMSFTVZ–SEC