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Livermore
Livermore
ZHEN

Strategic Equity Management

SEC CIK
0001843578
Latest filing
Aug 10, 2026

The latest 13F from Strategic Equity Management covers Q2 2026 (filed Aug 10, 2026): 65 long positions worth $297.8M. The top 10 holdings make up 64.0% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 8.1%. 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
6
Est. +$24.7M
Added
20
Est. +$35.4M
Reduced
30
Est. −$19.3M
Sold out
11
Est. −$41.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    8.1%$24.2MHistory
  2. Northern LTS FD Tr IV66537J796
    7.7%$23.0M
  3. Vanguard Morningstar Large-Cap ETF922908637
    7.7%$22.8M
  4. iShares Tr464287689
    7.6%$22.6M
  5. iShares Tr464287150
    7.6%$22.6M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287150
    +$18.9MAdded
  2. Vanguard Morningstar Value ETF922908744
    +$13.3MNew
  3. State Street Technology Select Sector SPDR ETF81369Y803
    +$10.4MNew
  4. Northern LTS FD Tr IV66537J796
    +$8.49MAdded
  5. Vanguard Morningstar Growth ETF922908736
    +$2.70MAddedConverted for a 6-for-1 split

Largest weight increases

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

  1. iShares Tr464287150
    +6.38 pp1.2% → 7.6%
  2. Vanguard Morningstar Value ETF922908744
    +4.48 pp0.0% → 4.5%
  3. State Street Technology Select Sector SPDR ETF81369Y803
    +3.49 pp0.0% → 3.5%
  4. Northern LTS FD Tr IV66537J796
    +2.95 pp4.8% → 7.7%
  5. Vanguard Morningstar Growth ETF922908736
    +0.92 pp0.2% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287440
    −$14.7MSold out
  2. iShares Russell 2000 Growth ETF464287648
    −$10.4MSold out
  3. State Street Materials Select Sector SPDR ETF81369Y100
    −$10.1MSold out
  4. Northern LTS FD Tr IV66538H534
    −$7.83MReduced
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$3.58MSold out

Largest weight decreases

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

  1. iShares Tr464287440
    −5.51 pp5.5% → 0.0%
  2. iShares Russell 2000 Growth ETF464287648
    −3.93 pp3.9% → 0.0%
  3. State Street Materials Select Sector SPDR ETF81369Y100
    −3.81 pp3.8% → 0.0%
  4. Northern LTS FD Tr IV66538H534
    −2.28 pp3.7% → 1.4%
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −1.35 pp1.3% → 0.0%

Metrics

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

Portfolio value
$297.8M
+$31.7M (+11.9%) vs. prior quarter
Positions
65
−5 vs. prior quarter
Top 10 concentration
64.0%
Top 10 as share of value
Turnover
21.3%
Q2 2026, one quarter
Average holding period
8.8 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 $319.7M (Q4 2021)

Q1 2021: $236.5MQ2 2021: $292.2MQ3 2021: $298.8MQ4 2021: $319.7MQ1 2022: $278.1MQ2 2022: $192.7MQ3 2022: $241.5MQ4 2022: $260.7MQ1 2023: $281.0MQ2 2023: $292.2MQ3 2023: $265.4MQ4 2023: $88.8MQ1 2024: $119.7MQ2 2024: $153.5MQ3 2024: $210.9MQ4 2024: $237.4MQ1 2025: $237.9MQ2 2025: $271.8MQ3 2025: $269.9MQ4 2025: $294.9MQ1 2026: $266.0MQ2 2026: $297.8M
Q1 2021Q2 2026
13F filings of Strategic Equity Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 202665$297.8MSPYNorthern LTS FD Tr IVVanguard Morningstar Large-Cap ETFvs. Q1 2026SEC
Q1 2026Apr 21, 202670$266.0MSPYiShares TrVanguard Morningstar Large-Cap ETFvs. Q4 2025SEC
Q4 2025Feb 9, 202668$294.9MNorthern Lights FD TrSPYVanguard Morningstar Large-Cap ETFvs. Q3 2025SEC
Q3 2025Nov 5, 202565$269.9MNorthern Lights FD TrSPYiShares Trvs. Q2 2025SEC
Q2 2025Aug 11, 202570$271.8MNorthern Lights FD TrSPYiShares Trvs. Q1 2025SEC
Q1 2025Apr 15, 202559$237.9MSchwab U.S. Large-Cap ETFSPYVanguard Morningstar Large-Cap ETFvs. Q4 2024SEC
Q4 2024Feb 7, 202552$237.4MSchwab U.S. Large-Cap ETFSPYNorthern LTS FD Tr IVvs. Q3 2024SEC
Q3 2024Nov 5, 202454$210.9MSchwab U.S. Large-Cap ETFSPYNorthern LTS FD Tr IVvs. Q2 2024SEC
Q2 2024Jul 31, 202445$153.5MSchwab U.S. Large-Cap ETFSPYNorthern LTS FD Tr IVvs. Q1 2024SEC
Q1 2024Apr 16, 202435$119.7MSchwab U.S. Large-Cap ETFSPYiShares Trvs. Q4 2023SEC
Q4 2023Feb 7, 202425$88.8MSPYSchwab U.S. Large-Cap ETFiShares Trvs. Q3 2023SEC
Q3 2023Nov 7, 202339$265.4MSPYiShares TriShares Core U.S. Aggregate Bond ETFvs. Q2 2023SEC
Q2 2023Jul 18, 202338$292.2MiShares S&P 500 Growth ETFiShares Core U.S. Aggregate Bond ETFiShares Trvs. Q1 2023SEC
Q1 2023Apr 25, 202342$281.0MiShares Core U.S. Aggregate Bond ETFiShares TrSPYvs. Q4 2022SEC
Q4 2022Feb 9, 202335$260.7MiShares TriShares TrSPYvs. Q3 2022SEC
Q3 2022Oct 17, 202236$241.5MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TriShares Trvs. Q2 2022SEC
Q2 2022Jul 26, 202238$192.7MiShares TriShares TriShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q1 2022SEC
Q1 2022May 2, 202244$278.1MiShares TriShares Russell Top 200 Growth ETFiShares Core U.S. Aggregate Bond ETFvs. Q4 2021SEC
Q4 2021Jan 18, 202246$319.7MiShares TriShares Russell Top 200 Growth ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2021SEC
Q3 2021Nov 9, 202140$298.8MiShares TriShares Russell Top 200 Growth ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2021SEC
Q2 2021Jul 28, 202139$292.2MiShares TriShares Russell Top 200 Growth ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2021SEC
Q1 2021May 12, 202130$236.5MiShares TriShares Russell Top 200 Growth ETFVanguard Morningstar Total Stock Market ETF–SEC