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Livermore
Livermore
ZHEN

Eschler Asset Management LLP

SEC CIK
0001910874
Latest filing
Aug 14, 2026

The latest 13F from Eschler Asset Management LLP covers Q2 2026 (filed Aug 14, 2026): 33 long positions worth $55.9M. The top 10 holdings make up 66.6% of the portfolio, and the largest is Vanguard Star FDS at 9.5%. 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
11
Est. +$18.8M
Added
4
Est. +$3.47M
Reduced
8
Est. −$27.6M
Sold out
11
Est. −$37.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Star FDS921909768
    9.5%$5.32M
  2. Vanguard S&P 500 ETF922908363
    9.3%$5.19M
  3. GOOGAlphabet Inc.
    9.2%$5.14MHistory
  4. iShares Tr464288760
    8.9%$4.99M
  5. KSPIJoint Stock Co Kaspi.kz
    5.9%$3.29MHistory

Share of portfolio

Top 5 holdings and the other 28 positions, by share of portfolio value

  1. Vanguard Star FDS9.5%
  2. Vanguard S&P 500 ETF9.3%
  3. GOOG9.2%
  4. iShares Tr8.9%
  5. KSPI5.9%
  6. Other 28 positions57.2%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288760
    +$4.99MNew
  2. Vanguard Scottsdale FDS92206C102
    +$2.83MNew
  3. SNDKSandisk Corp
    +$2.51MNewHistory
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    +$2.42MNew
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$2.06MAddedHistory

Largest weight increases

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

  1. iShares Tr464288760
    +8.92 pp0.0% → 8.9%
  2. Vanguard Scottsdale FDS92206C102
    +5.07 pp0.0% → 5.1%
  3. SNDKSandisk Corp
    +4.50 pp0.0% → 4.5%History
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    +4.33 pp0.0% → 4.3%
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +4.20 pp0.3% → 4.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VanEck ETF Trust92189F791
    −$19.3MReduced
  2. IAUXi-80 Gold Corp.
    −$13.7MSold outHistory
  3. NEMNEWMONT Corp
    −$10.8MSold outHistory
  4. GOOGAlphabet Inc.
    −$5.35MReducedHistory
  5. BEBloom Energy Corp
    −$4.74MSold outHistory

Largest weight decreases

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

  1. VanEck ETF Trust92189F791
    −22.68 pp25.2% → 2.5%
  2. IAUXi-80 Gold Corp.
    −13.64 pp13.6% → 0.0%History
  3. NEMNEWMONT Corp
    −10.79 pp10.8% → 0.0%History
  4. BEBloom Energy Corp
    −4.73 pp4.7% → 0.0%History
  5. IMCRImmunocore Holdings plc
    −2.40 pp2.4% → 0.0%History

Metrics

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

Portfolio value
$55.9M
−$44.4M (−44.3%) vs. prior quarter
Positions
33
0 vs. prior quarter
Top 10 concentration
66.6%
Top 10 as share of value
Turnover
28.5%
Q2 2026, one quarter
Average holding period
3.8 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 $154.6M (Q1 2024)

Q4 2021: $78.1MQ1 2022: $106.8MQ2 2022: $49.1MQ3 2022: $45.4MQ4 2022: $52.8MQ1 2023: $126.5MQ2 2023: $70.5MQ3 2023: $85.7MQ4 2023: $126.1MQ1 2024: $154.6MQ2 2024: $127.2MQ3 2024: $67.0MQ4 2024: $42.5MQ1 2025: $39.5MQ2 2025: $131.9MQ3 2025: $134.9MQ4 2025: $147.1MQ1 2026: $100.3MQ2 2026: $55.9M
Q4 2021Q2 2026
13F filings of Eschler Asset Management LLP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202633$55.9MVanguard Star FDSVanguard S&P 500 ETFGOOGvs. Q1 2026SEC
Q1 2026May 15, 202633$100.3MVanEck ETF TrustIAUXNEMvs. Q4 2025SEC
Q4 2025Feb 13, 202655$147.1MVanEck ETF TrustAGINEMvs. Q3 2025SEC
Q3 2025Nov 13, 202567$134.9MGDSNEMNew Gold Inc Cdavs. Q2 2025SEC
Q2 2025Aug 14, 202557$131.9MBEAGIGDSvs. Q1 2025SEC
Q1 2025May 15, 202541$39.5MRIOMETAAGIvs. Q4 2024SEC
Q4 2024Feb 14, 202549$42.5MRIOMETAGOOGLvs. Q3 2024SEC
Q3 2024Nov 14, 202465$67.0MMSTRPDDFBTCvs. Q2 2024SEC
Q2 2024Aug 14, 202450$127.2MAEMVanEck ETF TrustVanEck ETF Trustvs. Q1 2024SEC
Q1 2024May 15, 2024100$154.6MMSTRVanEck ETF TrustVanEck ETF Trustvs. Q4 2023SEC
Q4 2023Feb 14, 202472$126.1MAEMVanEck ETF TrustNEMvs. Q3 2023SEC
Q3 2023Nov 14, 202370$85.7MVanEck ETF TrustVanEck ETF TrustAEMvs. Q2 2023SEC
Q2 2023Aug 14, 202344$70.5MAEMVanEck ETF TrustNEMvs. Q1 2023SEC
Q1 2023May 15, 202364$126.5MAEMVanEck ETF TrustVanEck ETF Trustvs. Q4 2022SEC
Q4 2022Feb 14, 202355$52.8MVanEck ETF TrustSEVanEck ETF Trustvs. Q3 2022SEC
Q3 2022Nov 14, 202238$45.4MSEPDDAPIvs. Q2 2022SEC
Q2 2022Aug 15, 202247$49.1MAPIXPEVSEvs. Q1 2022SEC
Q1 2022May 16, 202249$106.8MVanEck ETF TrustPAASVanEck ETF Trustvs. Q4 2021SEC
Q4 2021Feb 14, 202240$78.1MPAASVanEck ETF TrustVanEck ETF Trust–SEC