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Livermore
Livermore
ZHEN

RWM Asset Management, LLC

SEC CIK
0001844369
Latest filing
Aug 7, 2026

The latest 13F from RWM Asset Management, LLC covers Q2 2026 (filed Aug 7, 2026): 184 long positions worth $708.8M. The top 10 holdings make up 39.2% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 6.2%. 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
14
Est. +$33.0M
Added
37
Est. +$26.8M
Reduced
108
Est. −$192.0M
Sold out
978
Est. −$142.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    6.2%$43.8M
  2. Dimensional ETF Trust25434V666
    5.7%$40.2M
  3. J P Morgan Exchange Traded F46641Q670
    5.6%$39.9M
  4. Janus Detroit STR Tr47103U845
    5.2%$36.5M
  5. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    4.1%$29.0M

Share of portfolio

Top 5 holdings and the other 179 positions, by share of portfolio value

  1. Vanguard Morningstar Growth ETF6.2%
  2. Dimensional ETF Trust5.7%
  3. J P Morgan Exchange Traded F5.6%
  4. Janus Detroit STR Tr5.2%
  5. Dimensional World Ex U.S. Core Equity 2 ETF4.1%
  6. Other 179 positions73.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Doubleline ETF Trust25861R881
    +$15.1MNew
  2. SPDR Series Trust78464A540
    +$14.5MNew
  3. State Street SPDR S&P Biotech ETF78464A870
    +$13.8MAdded
  4. CRWDCrowdStrike Holdings, Inc.
    +$6.20MAddedHistory
  5. Janus Detroit STR Tr47103U845
    +$1.47MAdded

Largest weight increases

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

  1. Doubleline ETF Trust25861R881
    +2.14 pp0.0% → 2.1%
  2. SPDR Series Trust78464A540
    +2.04 pp0.0% → 2.0%
  3. State Street SPDR S&P Biotech ETF78464A870
    +1.95 pp<0.1% → 2.0%
  4. Janus Detroit STR Tr47103U845
    +1.33 pp3.8% → 5.2%
  5. CRWDCrowdStrike Holdings, Inc.
    +0.64 pp0.6% → 1.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMZNAmazon Com Inc
    −$14.7MReducedHistory
  2. iShares Tr464287838
    −$14.0MSold out
  3. Fidelity Covington Trust316092873
    −$13.7MSold out
  4. Invesco QQQ Trust Series I46090E103
    −$13.2MReduced
  5. iShares Tr464289511
    −$12.5MSold out

Largest weight decreases

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

  1. iShares Tr464287838
    −1.53 pp1.5% → 0.0%
  2. Fidelity Covington Trust316092873
    −1.50 pp1.5% → 0.0%
  3. iShares Tr464289511
    −1.37 pp1.4% → 0.0%
  4. SYKStryker Corp
    −1.36 pp1.4% → 0.0%History
  5. Invesco QQQ Trust Series I46090E103
    −1.15 pp1.3% → 0.2%

Metrics

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

Portfolio value
$708.8M
−$205.6M (−22.5%) vs. prior quarter
Positions
184
−964 vs. prior quarter
Top 10 concentration
39.2%
Top 10 as share of value
Turnover
7.4%
Q2 2026, one quarter
Average holding period
13.6 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 $914.4M (Q1 2026)

Q1 2021: $479.3MQ2 2021: $522.6MQ3 2021: $498.2MQ4 2021: $518.9MQ1 2022: $513.9MQ2 2022: $453.9MQ3 2022: $445.3MQ4 2022: $461.7MQ1 2023: $483.4MQ2 2023: $522.5MQ3 2023: $495.5MQ4 2023: $532.4MQ1 2024: $558.0MQ2 2024: $556.5MQ3 2024: $570.2MQ4 2024: $612.2MQ1 2025: $630.3MQ2 2025: $744.1MQ3 2025: $816.3MQ4 2025: $871.5MQ1 2026: $914.4MQ2 2026: $708.8M
Q1 2021Q2 2026
13F filings of RWM Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 2026184$708.8MVanguard Morningstar Growth ETFDimensional ETF TrustJ P Morgan Exchange Traded Fvs. Q1 2026SEC
Q1 2026May 11, 20261,148$914.4MJ P Morgan Exchange Traded FVanguard Morningstar Growth ETFDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Feb 3, 2026211$871.5MVanguard Morningstar Growth ETFJ P Morgan Exchange Traded FDimensional ETF Trustvs. Q3 2025SEC
Q3 2025Oct 6, 2025205$816.3MJanus Detroit STR TrVanguard Morningstar Growth ETFDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Jul 16, 2025192$744.1MJanus Detroit STR TrVanguard Morningstar Growth ETFDimensional ETF Trustvs. Q1 2025SEC
Q1 2025Apr 14, 2025162$630.3MJanus Detroit STR TrVanguard Morningstar Growth ETFDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Jan 24, 2025167$612.2MVanguard Morningstar Growth ETFDimensional ETF TrustJ P Morgan Exchange Traded Fvs. Q3 2024SEC
Q3 2024Oct 15, 2024162$570.2MVanguard Morningstar Growth ETFJ P Morgan Exchange Traded FDimensional ETF Trustvs. Q2 2024SEC
Q2 2024Jul 25, 2024154$556.5MVanguard Morningstar Growth ETFJ P Morgan Exchange Traded FDimensional ETF Trustvs. Q1 2024SEC
Q1 2024Apr 9, 2024157$558.0MAMZNDimensional World Ex U.S. Core Equity 2 ETFSYKvs. Q4 2023SEC
Q4 2023Jan 19, 2024159$532.4MAMZNDimensional World Ex U.S. Core Equity 2 ETFVanguard Scottsdale FDSvs. Q3 2023SEC
Q3 2023Oct 10, 2023161$495.5MDimensional World Ex U.S. Core Equity 2 ETFAMZNiShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q2 2023SEC
Q2 2023Jul 26, 2023168$522.5MSsga Active ETF TrDimensional World Ex U.S. Core Equity 2 ETFAMZNvs. Q1 2023SEC
Q1 2023Apr 26, 2023185$483.4MSsga Active ETF TrDimensional World Ex U.S. Core Equity 2 ETFiShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q4 2022SEC
Q4 2022Jan 27, 2023673$461.7MiShares TrVanguard High Dividend Yield Index ETFiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q3 2022SEC
Q3 2022Oct 25, 2022586$445.3MiShares TriShares TrState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q2 2022SEC
Q2 2022Jul 15, 2022613$453.9MiShares TriShares TrState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q1 2022SEC
Q1 2022Apr 21, 2022539$513.9MiShares U S ETF TriShares TriShares Trvs. Q4 2021SEC
Q4 2021Jan 20, 2022551$518.9MiShares TriShares TrSPDR Series Trustvs. Q3 2021SEC
Q3 2021Oct 28, 2021522$498.2MiShares TrPgim ETF TriShares Trvs. Q2 2021SEC
Q2 2021Jul 27, 2021182$522.6MiShares TriShares TrPgim ETF Trvs. Q1 2021SEC
Q1 2021Apr 22, 2021547$479.3MiShares TriShares TrPgim ETF Tr–SEC