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Livermore
Livermore
ZHEN

Applied Capital LLC

SEC CIK
0001862965
Latest filing
Jul 21, 2026

The latest 13F from Applied Capital LLC covers Q2 2026 (filed Jul 21, 2026): 53 long positions worth $310.4M. The top 10 holdings make up 77.5% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 20.1%. Livermore has 23 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
4
Est. +$1.32M
Added
25
Est. +$14.5M
Reduced
20
Est. −$3.34M
Sold out
1
Est. −$224.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    20.1%$62.3M
  2. Vanguard S&P 500 ETF922908363
    13.4%$41.5M
  3. Vanguard Ftse Developed Markets ETF921943858
    8.2%$25.4M
  4. Vanguard Morningstar Total Stock Market ETF922908769
    6.5%$20.3M
  5. Vanguard Index FDS922908652
    5.9%$18.3M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$1.99MAdded
  2. Vanguard Scottsdale FDS92206C565
    +$1.89MAdded
  3. Vanguard Ftse Developed Markets ETF921943858
    +$1.37MAdded
  4. Vanguard Index FDS922908652
    +$1.16MAdded
  5. Dimensional Ultrashort Fixed Income ETF25434V591
    +$1.08MAdded

Largest weight increases

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

  1. Vanguard Index FDS922908652
    +0.55 pp5.4% → 5.9%
  2. Vanguard S&P 500 ETF922908363
    +0.54 pp12.8% → 13.4%
  3. Vanguard Total Bond Market ETF921937835
    +0.27 pp0.4% → 0.7%
  4. Dimensional Ultrashort Fixed Income ETF25434V591
    +0.25 pp0.7% → 1.0%
  5. Innovator ETFs Trust45783Y855
    +0.19 pp1.0% → 1.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −$1.01MReduced
  2. Vanguard Star FDS921909768
    −$589.5KReduced
  3. Vanguard BD Index FDS92203C303
    −$317.4KReduced
  4. Dimensional ETF Trust25434V534
    −$266.9KReduced
  5. Dimensional ETF Trust25434V757
    −$246.3KReduced

Largest weight decreases

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

  1. Vanguard Star FDS921909768
    −0.37 pp4.3% → 3.9%
  2. Vanguard Morningstar Total Stock Market ETF922908769
    −0.36 pp6.9% → 6.5%
  3. Vanguard BD Index FDS92203C303
    −0.22 pp0.9% → 0.7%
  4. Vanguard Scottsdale FDS92206C102
    −0.15 pp0.6% → 0.4%
  5. Dimensional ETF Trust25434V864
    −0.13 pp0.8% → 0.7%

Metrics

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

Portfolio value
$310.4M
+$42.5M (+15.9%) vs. prior quarter
Positions
53
+3 vs. prior quarter
Top 10 concentration
77.5%
Top 10 as share of value
Turnover
1.2%
Q2 2026, one quarter
Average holding period
18.6 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 $310.4M (Q2 2026)

Q1 2021: $92.7MQ2 2021: $104.3MQ3 2021: $114.3MQ4 2021: $125.6MQ1 2022: $156.4MQ2 2022: $146.1MQ3 2022: $145.4MQ4 2022: $137.8MQ1 2023: $149.9MQ2 2023: $161.2MQ3 2023: $163.1MQ4 2023: $178.9MQ1 2024: $168.5MQ2 2024: $174.3MQ3 2024: $194.5MQ4 2024: $194.8MQ1 2025: $203.8MQ2 2025: $227.3MQ3 2025: $248.2MQ4 2025: $259.8MQ1 2026: $267.9MQ2 2026: $310.4M
Q1 2021Q2 2026
13F filings of Applied Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 202653$310.4MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2026SEC
Q1 2026Apr 22, 202650$267.9MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2025SEC
Q4 2025Jan 16, 202652$259.8MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2025SEC
Q3 2025Oct 21, 202548$248.2MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2025SEC
Q2 2025Jul 17, 202546$227.3MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2025SEC
Q1 2025Apr 22, 202547$203.8MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Jan 23, 202547$194.8MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2024SEC
Q3 2024Oct 18, 202446$194.5MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2024SEC
Q2 2024Oct 18, 202438$174.3MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2024SEC
Q1 2024Apr 23, 202439$168.5MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2023SEC
Q4 2023Jan 23, 202441$178.9MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2023SEC
Q3 2023Oct 16, 202337$163.1MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2023SEC
Q2 2023Jul 14, 202335$161.2MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2023SEC
Q1 2023Apr 25, 202334$149.9MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2022SEC
Q4 2022Jan 19, 202333$137.8MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2022SEC
Q3 2022Oct 25, 202253$145.4MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2022SEC
Q2 2022Jul 20, 202258$146.1MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2022SEC
Q1 2022Apr 28, 2022Amended56$156.4MDimensional U.S. Core Equity 2 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2021SEC
Q4 2021Jan 18, 202251$125.6MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2021SEC
Q3 2021Oct 21, 202146$114.3MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2021SEC
Q2 2021Aug 31, 202145$104.3MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2021SEC
Q1 2021Jun 15, 202144$92.7MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Index FDS–SEC