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Livermore
Livermore
ZHEN

Red Wave Investments LLC

SEC CIK
0001846493
Latest filing
Aug 5, 2026

The latest 13F from Red Wave Investments LLC covers Q2 2026 (filed Aug 5, 2026): 122 long positions worth $393.5M. The top 10 holdings make up 56.1% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 13.0%. 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
15
Est. +$3.55M
Added
24
Est. +$26.9M
Reduced
50
Est. −$6.49M
Sold out
4
Est. −$1.05M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    13.0%$51.3M
  2. Vanguard BD Index FDS92203C303
    8.2%$32.4M
  3. Invesco QQQ Trust Series I46090E103
    6.2%$24.5M
  4. Vanguard Instl Index FD922040845
    6.0%$23.7M
  5. Vanguard Total World Stock ETF922042742
    4.8%$18.8M

Share of portfolio

Top 5 holdings and the other 117 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF13.0%
  2. Vanguard BD Index FDS8.2%
  3. Invesco QQQ Trust Series I6.2%
  4. Vanguard Instl Index FD6.0%
  5. Vanguard Total World Stock ETF4.8%
  6. Other 117 positions61.7%

Biggest buys

New and added positions, by estimated amount bought

  1. MSFTMicrosoft Corp
    +$15.6MAddedHistory
  2. Vanguard Instl Index FD922040845
    +$2.36MAdded
  3. CHYMChime Financial, Inc.
    +$1.84MAddedHistory
  4. Vanguard Morningstar Total Stock Market ETF922908769
    +$1.52MAdded
  5. Invesco QQQ Trust Series I46090E103
    +$840.2KAdded

Largest weight increases

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

  1. MSFTMicrosoft Corp
    +3.84 pp0.9% → 4.7%History
  2. Invesco QQQ Trust Series I46090E103
    +0.68 pp5.5% → 6.2%
  3. CHYMChime Financial, Inc.
    +0.32 pp2.1% → 2.4%History
  4. Vanguard Morningstar Small-Cap ETF922908751
    +0.14 pp3.1% → 3.3%
  5. Vanguard Morningstar Total Stock Market ETF922908769
    +0.14 pp12.9% → 13.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46436E718
    −$1.27MReduced
  2. FLYFirefly Aerospace Inc.
    −$1.09MReducedHistory
  3. MUMicron Technology Inc
    −$445.6KReducedHistory
  4. Vanguard BD Index FDS92203C303
    −$440.0KReduced
  5. HONHoneywell International Inc
    −$426.1KSold outHistory

Largest weight decreases

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

  1. Vanguard BD Index FDS92203C303
    −1.58 pp9.8% → 8.2%
  2. iShares Tr46436E718
    −1.00 pp4.5% → 3.5%
  3. FLYFirefly Aerospace Inc.
    −0.43 pp1.3% → 0.8%History
  4. Vanguard Morningstar Value ETF922908744
    −0.29 pp3.4% → 3.2%
  5. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −0.21 pp1.3% → 1.1%

Metrics

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

Portfolio value
$393.5M
+$58.9M (+17.6%) vs. prior quarter
Positions
122
+11 vs. prior quarter
Top 10 concentration
56.1%
Top 10 as share of value
Turnover
2.1%
Q2 2026, one quarter
Average holding period
17.9 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 $393.5M (Q2 2026)

Q1 2021: $243.0MQ2 2021: $268.1MQ3 2021: $277.3MQ4 2021: $293.1MQ1 2022: $282.6MQ2 2022: $243.4MQ3 2022: $231.4MQ4 2022: $237.0MQ1 2023: $240.9MQ2 2023: $247.4MQ3 2023: $234.1MQ4 2023: $253.9MQ1 2024: $266.5MQ2 2024: $271.1MQ3 2024: $286.8MQ4 2024: $285.8MQ1 2025: $278.8MQ2 2025: $304.1MQ3 2025: $325.9MQ4 2025: $336.2MQ1 2026: $334.6MQ2 2026: $393.5M
Q1 2021Q2 2026
13F filings of Red Wave Investments LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026122$393.5MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026May 8, 2026111$334.6MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSVanguard Instl Index FDvs. Q4 2025SEC
Q4 2025Feb 6, 2026113$336.2MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Oct 28, 2025108$325.9MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Jul 31, 2025109$304.1MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 2, 202598$278.8MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Feb 3, 2025105$285.8MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Nov 14, 2024110$286.8MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Aug 9, 2024103$271.1MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 14, 2024108$266.5MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 5, 2024101$253.9MVanguard Morningstar Total Stock Market ETFVanguard BD Index FDSInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Nov 7, 202393$234.1MVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series IVanguard Total World Stock ETFvs. Q2 2023SEC
Q2 2023Aug 7, 202392$247.4MVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series IVanguard Total World Stock ETFvs. Q1 2023SEC
Q1 2023May 15, 202391$240.9MVanguard Morningstar Total Stock Market ETFVanguard Total World Stock ETFInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Feb 3, 202396$237.0MVanguard Morningstar Total Stock Market ETFiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Total World Stock ETFvs. Q3 2022SEC
Q3 2022Nov 2, 202290$231.4MVanguard Morningstar Total Stock Market ETFiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Total World Stock ETFvs. Q2 2022SEC
Q2 2022Aug 9, 202293$243.4MVanguard Morningstar Total Stock Market ETFiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Total World Stock ETFvs. Q1 2022SEC
Q1 2022May 13, 202299$282.6MVanguard Morningstar Total Stock Market ETFiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Total World Stock ETFvs. Q4 2021SEC
Q4 2021Feb 7, 2022100$293.1MVanguard Morningstar Total Stock Market ETFiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Total World Stock ETFvs. Q3 2021SEC
Q3 2021Oct 21, 202195$277.3MVanguard Morningstar Total Stock Market ETFiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Total World Stock ETFvs. Q2 2021SEC
Q2 2021Aug 10, 202194$268.1MVanguard Morningstar Total Stock Market ETFiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Total World Stock ETFvs. Q1 2021SEC
Q1 2021May 13, 202187$243.0MVanguard Morningstar Total Stock Market ETFiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Total World Stock ETF–SEC