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Livermore
Livermore
ZHEN

Golden State Equity Partners

SEC CIK
0001845003
Latest filing
Aug 4, 2026

The latest 13F from Golden State Equity Partners covers Q2 2026 (filed Aug 4, 2026): 355 long positions worth $37.1M. The top 10 holdings make up 47.7% of the portfolio, and the largest is Invesco QQQ Trust Series I at 10.3%. Livermore has 21 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
9
Est. +$234.6K
Added
4
Est. +$15.1K
Reduced
300
Est. −$824.7M
Sold out
1730
Est. −$534.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    10.3%$3.84M
  2. iShares Core S&P 500 ETF464287200
    10.1%$3.74M
  3. iShares Tr46436E338
    5.1%$1.88M
  4. iShares Tr46436E718
    4.5%$1.67M
  5. Janus Detroit STR Tr47103U845
    3.3%$1.24M

Share of portfolio

Top 5 holdings and the other 350 positions, by share of portfolio value

  1. Invesco QQQ Trust Series I10.3%
  2. iShares Core S&P 500 ETF10.1%
  3. iShares Tr5.1%
  4. iShares Tr4.5%
  5. Janus Detroit STR Tr3.3%
  6. Other 350 positions66.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Fis Tr337959308
    +$86.9KNew
  2. Matrix IT LtdM6859E153
    +$38.9KNew
  3. BlackRock ETF Trust09290C855
    +$29.8KNew
  4. SPCXSpace Exploration Technologies Corp
    +$28.7KNewHistory
  5. ETF Ser Solutions26922A594
    +$14.7KNew

Largest weight increases

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

  1. iShares Tr464287341
    +0.31 pp<0.1% → 0.3%
  2. Fis Tr337959308
    +0.23 pp0.0% → 0.2%
  3. DTMDT Midstream, Inc.
    +0.22 pp<0.1% → 0.2%History
  4. Matrix IT LtdM6859E153
    +0.10 pp0.0% → 0.1%
  5. BlackRock ETF Trust09290C855
    +0.08 pp0.0% → 0.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$82.5MReducedHistory
  2. AAPLApple Inc.
    −$71.5MReducedHistory
  3. MSFTMicrosoft Corp
    −$28.9MReducedHistory
  4. AMZNAmazon Com Inc
    −$28.6MReducedHistory
  5. GOOGLAlphabet Inc.
    −$26.5MReducedHistory

Largest weight decreases

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

  1. NVDANVIDIA Corp
    −4.80 pp5.5% → 0.7%History
  2. AAPLApple Inc.
    −4.25 pp4.8% → 0.5%History
  3. AMZNAmazon Com Inc
    −1.74 pp1.9% → 0.2%History
  4. iShares Core U.S. Aggregate Bond ETF464287226
    −1.41 pp1.5% → <0.1%
  5. MSFTMicrosoft Corp
    −1.39 pp2.2% → 0.8%History

Metrics

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

Portfolio value
$37.1M
−$1.29B (−97.2%) vs. prior quarter
Positions
355
−1,721 vs. prior quarter
Top 10 concentration
47.7%
Top 10 as share of value
Turnover
<0.1%
Q2 2026, one quarter
Average holding period
7.1 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 (Q1 2021), so positions held before then are understated.

13F filings by quarter

18 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.32B (Q1 2026)

Q1 2021: $175.2MQ2 2021: $257.6MQ3 2021: $241.2MQ4 2021: $198.0MQ1 2022: $198.7MQ1 2023: $184.8MQ2 2023: $355.7MQ3 2023: $358.8MQ4 2023: $411.8MQ2 2024: $480.2MQ3 2024: $640.5MQ4 2024: $523.4MQ1 2025: $505.2MQ2 2025: $540.1MQ3 2025: $593.0MQ4 2025: $619.8MQ1 2026: $1.32BQ2 2026: $37.1M
Q1 2021Q2 2026
13F filings of Golden State Equity Partners by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 2026Amended355$37.1MInvesco QQQ Trust Series IiShares Core S&P 500 ETFiShares Trvs. Q1 2026SEC
Q1 2026Apr 28, 20262,076$1.32BNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Jan 29, 2026492$619.8MNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Oct 21, 2025450$593.0MNVDAAAPLMSFTvs. Q2 2025SEC
Q2 2025Jul 14, 2025434$540.1MNVDAAAPLMSFTvs. Q1 2025SEC
Q1 2025Apr 23, 2025430$505.2MAAPLNVDAMSFTvs. Q4 2024SEC
Q4 2024Jan 24, 2025432$523.4MAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Oct 29, 2024Amended915$640.5MAAPLNVDAWisdomTree Trvs. Q2 2024SECSEC
Q2 2024Jul 29, 2024408$480.2MNVDAAAPLMSFT–SEC
Q4 2023Feb 2, 2024357$411.8MAAPLMSFTNVDAvs. Q3 2023SEC
Q3 2023Oct 20, 2023335$358.8MAAPLMSFTNVDAvs. Q2 2023SEC
Q2 2023Jul 19, 2023380$355.7MAAPLMSFTNVDAvs. Q1 2023SEC
Q1 2023Jun 1, 2023214$184.8MMSFTAAPLiShares Tr–SEC
Q1 2022May 18, 2022Amended194$198.7MMSFTAAPLFirst Tr Exchange-Traded Alpvs. Q4 2021SEC
Q4 2021Feb 11, 2022174$198.0MMSFTWisdomTree TrHartford FDS Exchange Tradedvs. Q3 2021SEC
Q3 2021Nov 15, 2021229$241.2MAAPLFirst Tr Exchange-Traded AlpMSFTvs. Q2 2021SEC
Q2 2021Aug 12, 2021242$257.6MAAPLFirst Tr Exchange-Traded AlpMSFTvs. Q1 2021SEC
Q1 2021May 13, 2021164$175.2MAAPLMSFTGOOGL–SEC