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Livermore
Livermore
ZHEN

Concentric Capital Strategies, LP

SEC CIK
0001851869
Latest filing
Aug 14, 2026

The latest 13F from Concentric Capital Strategies, LP covers Q2 2026 (filed Aug 14, 2026): 304 long positions worth $1.62B. The top 10 holdings make up 44.4% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 34.7%. Livermore has 18 filings on Form 13F from this institution, going back to Q1 2022.

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
133
Est. +$339.8M
Added
110
Est. +$282.7M
Reduced
60
Est. −$147.5M
Sold out
135
Est. −$172.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    34.7%$563.3MHistory
  2. VXXBarclays Bank PLC
    1.6%$26.6MHistory
  3. NVDANVIDIA Corp
    1.3%$21.6MHistory
  4. State Street Health Care Select Sector SPDR ETF81369Y209
    1.1%$17.9M
  5. AMZNAmazon Com Inc
    1.1%$17.3MHistory

Share of portfolio

Top 5 holdings and the other 299 positions, by share of portfolio value

  1. SPY34.7%
  2. VXX1.6%
  3. NVDA1.3%
  4. State Street Health Care Select Sector SPDR ETF1.1%
  5. AMZN1.1%
  6. Other 299 positions60.2%

Biggest buys

New and added positions, by estimated amount bought

  1. VXXBarclays Bank PLC
    +$19.9MAddedHistory
  2. DPCDPC Holdings PLC
    +$11.1MNewHistory
  3. State Street Health Care Select Sector SPDR ETF81369Y209
    +$10.4MAdded
  4. State Street Energy Select Sector SPDR ETF81369Y506
    +$9.77MAdded
  5. TTWOTake Two Interactive Software Inc
    +$9.76MAddedHistory

Largest weight increases

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

  1. VXXBarclays Bank PLC
    +0.70 pp0.9% → 1.6%History
  2. DPCDPC Holdings PLC
    +0.68 pp0.0% → 0.7%History
  3. State Street Energy Select Sector SPDR ETF81369Y506
    +0.59 pp<0.1% → 0.6%
  4. TTWOTake Two Interactive Software Inc
    +0.57 pp0.3% → 0.9%History
  5. CTVACorteva, Inc.
    +0.56 pp0.0% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287432
    −$12.9MSold out
  2. Invesco Exchange Traded FD T46137V357
    −$11.0MSold out
  3. SPYSPDR S&P 500 ETF Trust
    −$10.2MReducedHistory
  4. AAPLApple Inc.
    −$9.34MReducedHistory
  5. PKGPackaging Corp of America
    −$9.11MReducedHistory

Largest weight decreases

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

  1. SPYSPDR S&P 500 ETF Trust
    −8.88 pp43.5% → 34.7%History
  2. iShares Tr464287432
    −1.12 pp1.1% → 0.0%
  3. Invesco Exchange Traded FD T46137V357
    −0.96 pp1.0% → 0.0%
  4. AAPLApple Inc.
    −0.96 pp2.0% → 1.0%History
  5. PKGPackaging Corp of America
    −0.76 pp1.0% → 0.2%History

Metrics

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

Portfolio value
$1.62B
+$477.9M (+41.7%) vs. prior quarter
Positions
304
−2 vs. prior quarter
Top 10 concentration
44.4%
Top 10 as share of value
Turnover
23.1%
Q2 2026, one quarter
Average holding period
8.2 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 2022), so positions held before then are understated.

13F filings by quarter

18 quarters, going back to Q1 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.09B (Q3 2025)

Q1 2022: $262.2MQ2 2022: $122.0MQ3 2022: $254.5MQ4 2022: $201.4MQ1 2023: $297.6MQ2 2023: $466.0MQ3 2023: $892.0MQ4 2023: $769.6MQ1 2024: $1.56BQ2 2024: $1.60BQ3 2024: $1.59BQ4 2024: $1.59BQ1 2025: $997.5MQ2 2025: $1.77BQ3 2025: $2.09BQ4 2025: $1.93BQ1 2026: $1.15BQ2 2026: $1.62B
Q1 2022Q2 2026
13F filings of Concentric Capital Strategies, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026304$1.62BSPYVXXNVDAvs. Q1 2026SEC
Q1 2026May 15, 2026306$1.15BSPYAAPLNVDAvs. Q4 2025SEC
Q4 2025Feb 17, 2026242$1.93BSPYMSFTAMZNvs. Q3 2025SEC
Q3 2025Nov 14, 2025282$2.09BSPYMSFTPKGvs. Q2 2025SEC
Q2 2025Aug 15, 2025242$1.77BSPYNVDAAMZNvs. Q1 2025SEC
Q1 2025May 15, 2025151$997.5MSPYiShares MSCI USA Quality Factor ETFInvesco Exchange Traded FD Tvs. Q4 2024SEC
Q4 2024Feb 14, 2025234$1.59BSPYAMZNUBERvs. Q3 2024SEC
Q3 2024Nov 14, 2024231$1.59BSPYAAPLNVDAvs. Q2 2024SEC
Q2 2024Aug 14, 2024262$1.60BSPYAAPLAMZNvs. Q1 2024SEC
Q1 2024May 14, 2024252$1.56BSPYECLLINvs. Q4 2023SEC
Q4 2023Feb 14, 2024201$769.6MSPYMSFTECLvs. Q3 2023SEC
Q3 2023Nov 13, 2023198$892.0MSPYECLHONvs. Q2 2023SEC
Q2 2023Aug 14, 2023138$466.0MMSGSInvesco Exchange Traded FD TECLvs. Q1 2023SEC
Q1 2023May 15, 2023123$297.6MASHMSGSiShares Trvs. Q4 2022SEC
Q4 2022Feb 14, 2023129$201.4MMSGSAGCOUNVRvs. Q3 2022SEC
Q3 2022Nov 14, 2022145$254.5MSONVMIAVYvs. Q2 2022SEC
Q2 2022Aug 15, 2022100$122.0MSONHUNLPXvs. Q1 2022SEC
Q1 2022May 16, 2022130$262.2MInvesco Exch Traded FD Tr IISONDOW–SEC