Kraft, Davis & Associates, LLC
- SEC CIK
- 0001919438
- Latest filing
- Jul 9, 2026
The latest 13F from Kraft, Davis & Associates, LLC covers Q2 2026 (filed Jul 9, 2026): 155 long positions worth $478.8M. The top 10 holdings make up 41.7% of the portfolio, and the largest is VanEck Semiconductor ETF at 7.4%. Livermore has 14 filings on Form 13F from this institution, going back to Q4 2022.
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.
- New
- 11
- Est. +$12.9M
- Added
- 56
- Est. +$12.7M
- Reduced
- 49
- Est. −$111.5M
- Sold out
- 7
- Est. −$1.77M
Top 5 holdings
Share of this quarter's portfolio value
- VanEck Semiconductor ETF92189F6767.4%$35.5M
- Vanguard Morningstar Total Stock Market ETF9229087695.4%$26.0M
- iShares Core S&P 500 ETF4642872004.8%$23.2M
- Fidelity MSCI Information Technology Index ETF3160928084.4%$20.9M
- Vanguard Dividend Appreciation ETF9219088443.6%$17.5M
Share of portfolio
Top 5 holdings and the other 150 positions, by share of portfolio value
- VanEck Semiconductor ETF7.4%
- Vanguard Morningstar Total Stock Market ETF5.4%
- iShares Core S&P 500 ETF4.8%
- Fidelity MSCI Information Technology Index ETF4.4%
- Vanguard Dividend Appreciation ETF3.6%
- Other 150 positions74.3%
Biggest buys
New and added positions, by estimated amount bought
- J P Morgan Exchange Traded F46654Q773+$6.84MAdded
- Invesco Exch Traded FD Tr II46138G888+$6.35MNew
- Ssga Active ETF Tr78467V707+$4.23MNew
- Goldman Sachs ETF Tr38149W630+$568.2KAdded
- Invesco Exch Traded FD Tr II46138G698+$559.5KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- J P Morgan Exchange Traded F46654Q773+1.41 pp0.5% → 1.9%
- Invesco Exch Traded FD Tr II46138G888+1.33 pp0.0% → 1.3%
- Ssga Active ETF Tr78467V707+0.88 pp0.0% → 0.9%
- iShares Tr464288760+0.21 pp1.8% → 2.0%
- Invesco Exch Traded FD Tr II46138G698+0.17 pp2.2% → 2.4%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Morningstar Growth ETF922908736−$78.0MReducedConverted for a 6-for-1 split
- Morgan Stanley ETF Trust61774R767−$8.04MReduced
- VanEck Semiconductor ETF92189F676−$7.94MReduced
- iShares Broad Usd Investment Grade Corporate Bond ETF464288620−$3.71MReduced
- VanEck ETF Trust92189F601−$3.63MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Morgan Stanley ETF Trust61774R767−1.73 pp1.9% → 0.2%
- VanEck ETF Trust92189F601−1.05 pp1.1% → 0.1%
- iShares Broad Usd Investment Grade Corporate Bond ETF464288620−0.83 pp1.9% → 1.1%
- VanEck Semiconductor ETF92189F676−0.51 pp7.9% → 7.4%
- Principal Exchange Traded FD74255Y698−0.29 pp0.8% → 0.5%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $478.8M
- +$9.46M (+2.0%) vs. prior quarter
- Positions
- 155
- +4 vs. prior quarter
- Top 10 concentration
- 41.7%
- Top 10 as share of value
- Turnover
- 5.4%
- Q2 2026, one quarter
- Average holding period
- 10.0 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 2022), so positions held before then are understated.
13F filings by quarter
14 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $478.8M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 9, 2026 | 155 | $478.8M | VanEck Semiconductor ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 1, 2026 | 151 | $469.3M | VanEck Semiconductor ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 14, 2026 | 151 | $446.2M | VanEck Semiconductor ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 5, 2025 | 146 | $411.0M | VanEck Semiconductor ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 29, 2025 | 139 | $364.5M | Vanguard Morningstar Total Stock Market ETFVanEck Semiconductor ETFiShares Core S&P 500 ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 24, 2025 | 126 | $310.1M | Vanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 13, 2025 | 137 | $350.3M | Vanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETFInvesco Exch Traded FD Tr II | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 8, 2024 | 143 | $335.5M | Vanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETFInvesco Exch Traded FD Tr II | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 29, 2024 | 138 | $329.8M | Vanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETFInvesco Exch Traded FD Tr II | vs. Q1 2024 | SEC |
| Q1 2024 | May 15, 2024 | 132 | $332.4M | State Street SPDR Portfolio Short Term Corporate Bond ETFFirst Tr Exchange-Traded FDVanguard Morningstar Total Stock Market ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 31, 2024 | 130 | $333.1M | First Tr Exchange-Traded FDVanguard Morningstar Total Stock Market ETFVanEck Semiconductor ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 16, 2023 | 107 | $266.0M | First Tr Exchange-Traded FDVanguard Morningstar Total Stock Market ETFVanEck Semiconductor ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 15, 2023 | 109 | $288.1M | First Tr Exchange-Traded FDVanguard Morningstar Total Stock Market ETFVanEck Semiconductor ETF | – | SEC |
| Q4 2022 | Feb 15, 2023 | 98 | $252.3M | First Tr Exchange-Traded FDVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETF | – | SEC |