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Livermore
Livermore
ZHEN

Trevian Wealth Management LLC

SEC CIK
0001901929
Latest filing
Jul 24, 2026

The latest 13F from Trevian Wealth Management LLC covers Q2 2026 (filed Jul 24, 2026): 45 long positions worth $234.6M. The top 10 holdings make up 85.1% of the portfolio, and the largest is Vanguard S&P 500 ETF at 46.2%. 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
2
Est. +$433.5K
Added
24
Est. +$6.25M
Reduced
5
Est. −$4.80M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    46.2%$108.4M
  2. iShares Tr464287150
    14.5%$34.1M
  3. Northeast BK Portland Me66405S100
    7.9%$18.6M
  4. Vanguard Index FDS922908652
    4.0%$9.39M
  5. Vanguard Ftse Developed Markets ETF921943858
    3.0%$7.08M

Share of portfolio

Top 5 holdings and the other 40 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF46.2%
  2. iShares Tr14.5%
  3. Northeast BK Portland Me7.9%
  4. Vanguard Index FDS4.0%
  5. Vanguard Ftse Developed Markets ETF3.0%
  6. Other 40 positions24.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$4.12MAdded
  2. Vanguard Index FDS922908652
    +$1.28MAdded
  3. EBAYeBay Inc
    +$227.4KNewHistory
  4. iShares Tr464287549
    +$206.1KNew
  5. Vanguard Ftse Developed Markets ETF921943858
    +$191.4KAdded

Largest weight increases

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

  1. Vanguard S&P 500 ETF922908363
    +1.43 pp44.8% → 46.2%
  2. Vanguard Index FDS922908652
    +0.66 pp3.3% → 4.0%
  3. GOOGAlphabet Inc.
    +0.12 pp1.6% → 1.7%History
  4. EBAYeBay Inc
    +0.10 pp0.0% → 0.1%History
  5. iShares Tr464287549
    +0.09 pp0.0% → 0.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −$2.63MReduced
  2. iShares Tr464287150
    −$2.11MReduced
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$40.6KReduced
  4. Northeast BK Portland Me66405S100
    −$16.7KReduced
  5. INTUIntuit Inc.
    −$261ReducedHistory

Largest weight decreases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −1.13 pp3.0% → 1.9%
  2. iShares Tr464287150
    −0.96 pp15.5% → 14.5%
  3. INTUIntuit Inc.
    −0.10 pp0.2% → 0.1%History

Metrics

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

Portfolio value
$234.6M
+$32.0M (+15.8%) vs. prior quarter
Positions
45
+2 vs. prior quarter
Top 10 concentration
85.1%
Top 10 as share of value
Turnover
2.2%
Q2 2026, one quarter
Average holding period
8.8 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 $234.6M (Q2 2026)

Q4 2021: $104.3MQ1 2022: $103.3MQ2 2022: $92.1MQ3 2022: $88.6MQ4 2022: $91.5MQ1 2023: $106.9MQ2 2023: $12.5MQ3 2023: $108.9MQ4 2023: $128.5MQ1 2024: $146.7MQ2 2024: $20.1MQ3 2024: $122.0MQ4 2024: $135.6MQ1 2025: $140.4MQ2 2025: $164.0MQ3 2025: $186.3MQ4 2025: $210.7MQ1 2026: $202.6MQ2 2026: $234.6M
Q4 2021Q2 2026
13F filings of Trevian Wealth Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 202645$234.6MVanguard S&P 500 ETFiShares TrNortheast BK Portland Mevs. Q1 2026SEC
Q1 2026Apr 21, 202643$202.6MVanguard S&P 500 ETFiShares TrNortheast BK Portland Mevs. Q4 2025SEC
Q4 2025Feb 5, 202650$210.7MVanguard S&P 500 ETFiShares TrNortheast BK Portland Mevs. Q3 2025SEC
Q3 2025Oct 23, 202540$186.3MVanguard S&P 500 ETFiShares TrNortheast BK Portland Mevs. Q2 2025SEC
Q2 2025Jul 24, 202533$164.0MVanguard S&P 500 ETFiShares TrNortheast BK Portland Mevs. Q1 2025SEC
Q1 2025Apr 17, 202527$140.4MVanguard S&P 500 ETFNortheast BK Portland MeVanguard Index FDSvs. Q4 2024SEC
Q4 2024Jan 23, 202529$135.6MVanguard S&P 500 ETFNortheast BK Portland MeVanguard Index FDSvs. Q3 2024SEC
Q3 2024Oct 9, 202430$122.0MVanguard S&P 500 ETFNortheast BK Portland MeVanguard Index FDSvs. Q2 2024SEC
Q2 2024Jul 15, 202413$20.1MNortheast BK Portland MeGOOGAAPLvs. Q1 2024SEC
Q1 2024Apr 26, 202429$146.7MVanguard S&P 500 ETFiShares Core S&P 500 ETFNortheast BK Portland Mevs. Q4 2023SEC
Q4 2023Jan 18, 202430$128.5MVanguard S&P 500 ETFiShares Core S&P 500 ETFNortheast BK Portland Mevs. Q3 2023SEC
Q3 2023Oct 30, 202330$108.9MVanguard S&P 500 ETFiShares Core S&P 500 ETFNortheast BK Portland Mevs. Q2 2023SEC
Q2 2023Jul 19, 202313$12.5MNortheast BK Portland MeGOOGSPYvs. Q1 2023SEC
Q1 2023Apr 14, 202333$106.9MVanguard S&P 500 ETFiShares Core S&P 500 ETFNortheast BK Portland Mevs. Q4 2022SEC
Q4 2022Jan 30, 202334$91.5MVanguard S&P 500 ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETFvs. Q3 2022SEC
Q3 2022Oct 24, 202235$88.6MVanguard S&P 500 ETFiShares Core S&P 500 ETFNortheast BK Portland Mevs. Q2 2022SEC
Q2 2022Jul 25, 202234$92.1MVanguard S&P 500 ETFiShares Core S&P 500 ETFNortheast BK Portland Mevs. Q1 2022SEC
Q1 2022May 3, 202240$103.3MVanguard S&P 500 ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2021SEC
Q4 2021Jan 31, 202241$104.3MVanguard S&P 500 ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETF–SEC