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Livermore
Livermore
ZHEN

Andina Capital Management, LLC

SEC CIK
0001919158
Latest filing
Aug 5, 2026

The latest 13F from Andina Capital Management, LLC covers Q2 2026 (filed Aug 5, 2026): 65 long positions worth $60.9M. The top 10 holdings make up 54.9% of the portfolio, and the largest is First Tr Exchng Traded FD VI at 10.4%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 2023.

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
17
Est. +$15.3M
Added
10
Est. +$5.90M
Reduced
34
Est. −$39.8M
Sold out
71
Est. −$40.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. First Tr Exchng Traded FD VI33740F755
    10.4%$6.31M
  2. iShares Tr46436E718
    10.2%$6.22M
  3. WisdomTree Tr97717Y527
    8.0%$4.88M
  4. Pgim ETF Tr69344A834
    5.3%$3.21M
  5. Vanguard Ftse Developed Markets ETF921943858
    4.5%$2.77M

Share of portfolio

Top 5 holdings and the other 60 positions, by share of portfolio value

  1. First Tr Exchng Traded FD VI10.4%
  2. iShares Tr10.2%
  3. WisdomTree Tr8.0%
  4. Pgim ETF Tr5.3%
  5. Vanguard Ftse Developed Markets ETF4.5%
  6. Other 60 positions61.6%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46436E718
    +$6.22MNew
  2. Pgim ETF Tr69344A834
    +$2.70MAdded
  3. BNY Mellon ETF Trust09661T107
    +$1.43MNew
  4. First Tr Exchange-Traded FD33738D309
    +$1.17MNew
  5. First Tr Exchng Traded FD VI33740F755
    +$979.2KAdded

Largest weight increases

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

  1. iShares Tr46436E718
    +10.20 pp0.0% → 10.2%
  2. First Tr Exchng Traded FD VI33740F755
    +6.00 pp4.4% → 10.4%
  3. Pgim ETF Tr69344A834
    +4.82 pp0.5% → 5.3%
  4. WisdomTree Tr97717Y527
    +4.45 pp3.6% → 8.0%
  5. Janus Detroit STR Tr47103U845
    +2.35 pp1.4% → 3.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −$7.15MReduced
  2. FSKFS KKR Capital Corp
    −$5.73MSold outHistory
  3. Innovator ETFs Trust45783Y103
    −$3.66MReduced
  4. Vanguard Ftse Developed Markets ETF921943858
    −$3.18MReduced
  5. Vanguard Ftse Emerging Markets ETF922042858
    −$2.51MReduced

Largest weight decreases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −5.87 pp6.9% → 1.0%
  2. FSKFS KKR Capital Corp
    −5.07 pp5.1% → 0.0%History
  3. CRWVCoreWeave, Inc.
    −1.68 pp1.7% → 0.0%History
  4. First Tr Exchange-Traded FD33733E724
    −1.63 pp1.6% → 0.0%
  5. Schwab Strategic Tr808524698
    −1.42 pp2.2% → 0.7%

Metrics

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

Portfolio value
$60.9M
−$52.1M (−46.1%) vs. prior quarter
Positions
65
−54 vs. prior quarter
Top 10 concentration
54.9%
Top 10 as share of value
Turnover
24.3%
Q2 2026, one quarter
Average holding period
7.0 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 2023), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $177.0M (Q3 2025)

Q4 2023: $116.2MQ1 2024: $128.0MQ2 2024: $133.1MQ3 2024: $131.5MQ4 2024: $122.7MQ1 2025: $140.4MQ2 2025: $142.8MQ3 2025: $177.0MQ4 2025: $165.4MQ1 2026: $113.1MQ2 2026: $60.9M
Q4 2023Q2 2026
13F filings of Andina Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 202665$60.9MFirst Tr Exchng Traded FD VIiShares TrWisdomTree Trvs. Q1 2026SEC
Q1 2026Apr 17, 2026119$113.1MiShares Core U.S. Aggregate Bond ETFFSKVanguard Ftse Developed Markets ETFvs. Q4 2025SEC
Q4 2025Feb 12, 2026143$165.4MiShares Core U.S. Aggregate Bond ETFWisdomTree TrInnovator ETFs Trustvs. Q3 2025SEC
Q3 2025Oct 30, 2025152$177.0MWisdomTree TriShares Core U.S. Aggregate Bond ETFInnovator ETFs Trustvs. Q2 2025SEC
Q2 2025Jul 21, 2025144$142.8MiShares Core U.S. Aggregate Bond ETFVanguard Ftse Developed Markets ETFInnovator ETFs Trustvs. Q1 2025SEC
Q1 2025May 14, 2025125$140.4MiShares Core U.S. Aggregate Bond ETFWisdomTree TrFirst Tr Exchng Traded FD VIvs. Q4 2024SEC
Q4 2024Jan 21, 2025107$122.7MiShares Core U.S. Aggregate Bond ETFFirst Tr Exchng Traded FD VIInnovator ETFs Trustvs. Q3 2024SEC
Q3 2024Oct 25, 2024111$131.5MFirst Tr Exchng Traded FD VIJanus Detroit STR TriShares Core U.S. Aggregate Bond ETFvs. Q2 2024SEC
Q2 2024Jul 16, 2024114$133.1MWisdomTree TrSimplify Exchange Traded FunJanus Detroit STR Trvs. Q1 2024SEC
Q1 2024Apr 15, 2024103$128.0MFirst Tr Exchng Traded FD VIWisdomTree TrJanus Detroit STR Trvs. Q4 2023SEC
Q4 2023Feb 5, 202485$116.2MWisdomTree TrFirst Tr Exchng Traded FD VIFirst Tr Exchng Traded FD VI–SEC