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Livermore
Livermore
ZHEN

Twelve Points Wealth Management LLC

SEC CIK
0001877090
Latest filing
Aug 7, 2026

The latest 13F from Twelve Points Wealth Management LLC covers Q2 2026 (filed Aug 7, 2026): 213 long positions worth $499.1M. The top 10 holdings make up 42.1% of the portfolio, and the largest is State Street SPDR Bloomberg 1-3 Month T-Bill ETF at 7.0%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
19
Est. +$4.92M
Added
85
Est. +$37.0M
Reduced
94
Est. −$22.1M
Sold out
6
Est. −$1.16M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    7.0%$35.2M
  2. iShares Tr464287572
    6.5%$32.5M
  3. VanEck ETF Trust92189F486
    5.7%$28.3M
  4. iShares Tr46436E718
    3.8%$18.8M
  5. Ssga Active ETF Tr78467V608
    3.7%$18.6M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287572
    +$5.01MAdded
  2. iShares Tr46436E718
    +$4.01MAdded
  3. Ssga Active ETF Tr78467V608
    +$3.33MAdded
  4. VanEck ETF Trust92189F486
    +$2.62MAdded
  5. iShares Core Dividend Growth ETF46434V621
    +$2.48MAdded

Largest weight increases

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

  1. iShares Tr464287572
    +1.16 pp5.4% → 6.5%
  2. iShares Tr46436E718
    +0.51 pp3.3% → 3.8%
  3. iShares Core Dividend Growth ETF46434V621
    +0.45 pp2.6% → 3.1%
  4. Ssga Active ETF Tr78467V608
    +0.38 pp3.3% → 3.7%
  5. Vanguard Ftse All-World Ex-US Index Fund922042775
    +0.20 pp2.8% → 3.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$5.48MReduced
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$5.25MReduced
  3. VSHVishay Intertechnology Inc
    −$1.56MReducedHistory
  4. CSCOCisco Systems, Inc.
    −$1.01MReducedHistory
  5. JBLJabil Inc
    −$554.3KReducedHistory

Largest weight decreases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −1.84 pp8.9% → 7.0%
  2. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −1.32 pp2.5% → 1.2%
  3. GLDSPDR Gold Trust
    −0.23 pp1.0% → 0.8%History
  4. CCChemours Co
    −0.10 pp0.4% → 0.3%History
  5. MSFTMicrosoft Corp
    −0.10 pp0.5% → 0.4%History

Metrics

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

Portfolio value
$499.1M
+$44.5M (+9.8%) vs. prior quarter
Positions
213
+13 vs. prior quarter
Top 10 concentration
42.1%
Top 10 as share of value
Turnover
4.9%
Q2 2026, one quarter
Average holding period
12.6 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $499.1M (Q2 2026)

Q4 2021: $123.5MQ1 2022: $133.9MQ2 2022: $129.8MQ3 2022: $128.8MQ4 2022: $147.0MQ1 2023: $174.3MQ2 2023: $187.9MQ3 2023: $200.9MQ4 2023: $210.9MQ1 2024: $273.1MQ2 2024: $284.3MQ3 2024: $317.8MQ4 2024: $347.9MQ1 2025: $368.6MQ2 2025: $371.5MQ3 2025: $401.4MQ4 2025: $444.3MQ1 2026: $454.6MQ2 2026: $499.1M
Q4 2021Q2 2026
13F filings of Twelve Points Wealth Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 2026213$499.1MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TrVanEck ETF Trustvs. Q1 2026SEC
Q1 2026Apr 14, 2026200$454.6MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanEck ETF TrustiShares Trvs. Q4 2025SEC
Q4 2025Jan 23, 2026196$444.3MState Street SPDR Bloomberg 1-3 Month T-Bill ETFASAiShares Trvs. Q3 2025SEC
Q3 2025Oct 22, 2025191$401.4MState Street SPDR Bloomberg 1-3 Month T-Bill ETFASAiShares Trvs. Q2 2025SEC
Q2 2025Jul 16, 2025189$371.5MState Street SPDR Bloomberg 1-3 Month T-Bill ETFASAiShares Trvs. Q1 2025SEC
Q1 2025Apr 30, 2025176$368.6MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TrASAvs. Q4 2024SEC
Q4 2024Jan 23, 2025176$347.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TrVanEck ETF Trustvs. Q3 2024SEC
Q3 2024Oct 16, 2024183$317.8MState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio Long Term Corporate Bond ETFASAvs. Q2 2024SEC
Q2 2024Jul 12, 2024177$284.3MState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio Long Term Corporate Bond ETFASAvs. Q1 2024SEC
Q1 2024Apr 15, 2024173$273.1MState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio Long Term Corporate Bond ETFInvesco Exchange Traded FD Tvs. Q4 2023SEC
Q4 2023Jan 12, 2024164$210.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFASAState Street SPDR Portfolio Long Term Corporate Bond ETFvs. Q3 2023SEC
Q3 2023Oct 18, 2023170$200.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFASAState Street SPDR Portfolio Long Term Corporate Bond ETFvs. Q2 2023SEC
Q2 2023Jul 13, 2023165$187.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio Long Term Corporate Bond ETFASAvs. Q1 2023SEC
Q1 2023Apr 18, 2023163$174.3MState Street SPDR Bloomberg 1-3 Month T-Bill ETFASAState Street SPDR Portfolio Long Term Corporate Bond ETFvs. Q4 2022SEC
Q4 2022Jan 17, 2023163$147.0MiShares Core Dividend Growth ETFASAiShares Trvs. Q3 2022SEC
Q3 2022Oct 20, 2022158$128.8MASADBX ETF TriShares Trvs. Q2 2022SEC
Q2 2022Jul 18, 2022162$129.8MASADBX ETF TrVanEck ETF Trustvs. Q1 2022SEC
Q1 2022May 11, 2022171$133.9MASAVanEck ETF TrustInvesco Exchange Traded FD Tvs. Q4 2021SEC
Q4 2021Mar 18, 2022166$123.5MASAVanEck ETF TrustJPM–SEC