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Livermore
Livermore
ZHEN

Kraft Asset Management, LLC

SEC CIK
0001908611
Latest filing
Jul 15, 2025

The latest 13F from Kraft Asset Management, LLC covers Q2 2025 (filed Jul 15, 2025): 41 long positions worth $107.5M. The top 10 holdings make up 79.9% of the portfolio, and the largest is Dimensional U.S. Targeted Value ETF at 19.5%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2025

Share counts compared with Q1 2025: 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. +$495.8K
Added
7
Est. +$4.06M
Reduced
26
Est. −$10.1M
Sold out
7
Est. −$3.14M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Targeted Value ETF25434V609
    19.5%$21.0M
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    16.1%$17.3M
  3. Dimensional ETF Trust25434V724
    11.1%$11.9M
  4. Dimensional ETF Trust25434V807
    9.7%$10.4M
  5. Dimensional ETF Trust25434V401
    6.8%$7.29M

Share of portfolio

Top 5 holdings and the other 36 positions, by share of portfolio value

  1. Dimensional U.S. Targeted Value ETF19.5%
  2. Dimensional U.S. Core Equity 2 ETF16.1%
  3. Dimensional ETF Trust11.1%
  4. Dimensional ETF Trust9.7%
  5. Dimensional ETF Trust6.8%
  6. Other 36 positions36.8%

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072877
    +$1.87MAdded
  2. PNFPPinnacle Financial Partners, Inc.
    +$821.7KAddedHistory
  3. Dimensional ETF Trust25434V401
    +$792.0KAdded
  4. Dimensional ETF Trust25434V203
    +$410.6KAdded
  5. VZVerizon Communications Inc
    +$276.6KNewHistory

Largest weight increases

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

  1. American Centy ETF Tr025072877
    +1.77 pp0.5% → 2.2%
  2. Dimensional ETF Trust25434V401
    +1.41 pp5.4% → 6.8%
  3. PNFPPinnacle Financial Partners, Inc.
    +0.78 pp0.2% → 1.0%History
  4. Dimensional ETF Trust25434V203
    +0.42 pp0.3% → 0.7%
  5. VZVerizon Communications Inc
    +0.26 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional U.S. Targeted Value ETF25434V609
    −$2.03MReduced
  2. iShares Tr464287150
    −$1.53MReduced
  3. iShares Tr46435G326
    −$926.2KReduced
  4. Dimensional ETF Trust25434V807
    −$859.5KReduced
  5. Dimensional U.S. Core Equity 2 ETF25434V708
    −$843.5KReduced

Largest weight decreases

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

  1. iShares Tr464287150
    −0.97 pp3.6% → 2.6%
  2. Vanguard Morningstar Total Stock Market ETF922908769
    −0.72 pp0.7% → 0.0%
  3. iShares Tr46435G326
    −0.61 pp2.0% → 1.4%
  4. Dimensional U.S. Targeted Value ETF25434V609
    −0.59 pp20.1% → 19.5%
  5. Vanguard Ftse Emerging Markets ETF922042858
    −0.58 pp0.6% → 0.0%

Metrics

13F metrics for Q2 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$107.5M
−$1.69M (−1.5%) vs. prior quarter
Positions
41
−5 vs. prior quarter
Top 10 concentration
79.9%
Top 10 as share of value
Turnover
4.2%
Q2 2025, one quarter
Average holding period
13.4 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

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

Peak $129.5M (Q4 2024)

Q4 2021: $92.0MQ1 2022: $96.2MQ2 2022: $104.0MQ3 2022: $98.7MQ4 2022: $109.7MQ1 2023: $112.1MQ2 2023: $111.3MQ3 2023: $106.3MQ4 2023: $118.8MQ1 2024: $124.2MQ2 2024: $119.0MQ3 2024: $127.7MQ4 2024: $129.5MQ1 2025: $109.2MQ2 2025: $107.5M
Q4 2021Q2 2025
13F filings of Kraft Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2025Jul 15, 202541$107.5MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q1 2025SEC
Q1 2025Apr 21, 202546$109.2MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Jan 17, 202552$129.5MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q3 2024SEC
Q3 2024Oct 18, 202448$127.7MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q2 2024SEC
Q2 2024Jul 22, 202443$119.0MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q1 2024SEC
Q1 2024May 14, 202441$124.2MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q4 2023SEC
Q4 2023Feb 9, 202438$118.8MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Nov 1, 202335$106.3MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Aug 7, 202331$111.3MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q1 2023SEC
Q1 2023May 5, 202332$112.1MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q4 2022SEC
Q4 2022Feb 7, 202327$109.7MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q3 2022SEC
Q3 2022Nov 2, 202226$98.7MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q2 2022SEC
Q2 2022Aug 1, 202225$104.0MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q1 2022SEC
Q1 2022May 2, 202220$96.2MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q4 2021SEC
Q4 2021Feb 2, 202219$92.0MDimensional U.S. Targeted Value ETFDimensional U.S. Core Equity 2 ETFDimensional ETF Trust–SEC