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Livermore
Livermore
ZHEN

Tradewinds, LLC.

SEC CIK
0001932342
Latest filing
Aug 14, 2026

The latest 13F from Tradewinds, LLC. covers Q2 2026 (filed Aug 14, 2026): 215 long positions worth $319.0M. The top 10 holdings make up 39.5% of the portfolio, and the largest is Apple Inc. (AAPL) at 6.8%. Livermore has 17 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
117
Est. +$68.9M
Added
44
Est. +$34.8M
Reduced
54
Est. −$7.24B
Sold out
55
Est. −$70.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    6.8%$21.7MHistory
  2. NVDANVIDIA Corp
    6.8%$21.5MHistory
  3. iShares MSCI USA Momentum Factor ETF46432F396
    3.8%$12.1M
  4. JPMJPMorgan Chase & Co
    3.7%$11.7MHistory
  5. MSMorgan Stanley
    3.6%$11.6MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. iShares MSCI USA Momentum Factor ETF46432F396
    +$12.1MNew
  2. VVisa Inc.
    +$7.87MAddedHistory
  3. SPDR Series Trust78464A755
    +$6.24MNew
  4. IHGIntercontinental Hotels Group PLC
    +$5.25MNewHistory
  5. Vanguard S&P 500 ETF922908363
    +$4.59MNew

Largest weight increases

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

  1. iShares MSCI USA Momentum Factor ETF46432F396
    +3.78 pp0.0% → 3.8%
  2. SPDR Series Trust78464A755
    +1.96 pp0.0% → 2.0%
  3. IHGIntercontinental Hotels Group PLC
    +1.65 pp0.0% → 1.6%History
  4. Vanguard S&P 500 ETF922908363
    +1.44 pp0.0% → 1.4%
  5. iShares MSCI USA Quality Factor ETF46432F339
    +1.06 pp0.0% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$2.88BReducedHistory
  2. WMTWalmart Inc.
    −$1.50BReducedHistory
  3. USFDUS Foods Holding Corp.
    −$1.25BReducedHistory
  4. BKRBaker Hughes Co
    −$796.1MReducedHistory
  5. DEDeere & Co
    −$181.5MReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −4.82 pp4.8% → 0.0%History
  2. AMZNAmazon Com Inc
    −4.66 pp4.7% → 0.0%History
  3. GOOGAlphabet Inc.
    −4.17 pp4.2% → 0.0%History
  4. BRK.BBerkshire Hathaway Inc
    −2.67 pp2.7% → 0.0%History
  5. HONHoneywell International Inc
    −2.23 pp2.2% → 0.0%History

Metrics

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

Portfolio value
$319.0M
+$8.65M (+2.8%) vs. prior quarter
Positions
215
+62 vs. prior quarter
Top 10 concentration
39.5%
Top 10 as share of value
Turnover
32.9%
Q2 2026, one quarter
Average holding period
4.4 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

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

Peak $419.0M (Q4 2025)

Q4 2021: $84.7MQ2 2022: $147.0MQ3 2022: $137.7MQ4 2022: $95.0MQ1 2023: $165.0MQ2 2023: $169.7MQ3 2023: $170.3MQ1 2024: $112.8MQ2 2024: $325.3MQ3 2024: $324.8MQ4 2024: $359.8MQ1 2025: $354.4MQ2 2025: $131.7MQ3 2025: $410.6MQ4 2025: $419.0MQ1 2026: $310.3MQ2 2026: $319.0M
Q4 2021Q2 2026
13F filings of Tradewinds, LLC. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026215$319.0MAAPLNVDAiShares MSCI USA Momentum Factor ETFvs. Q1 2026SEC
Q1 2026May 4, 2026153$310.3MNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Feb 13, 2026214$419.0MNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Oct 29, 2025210$410.6MNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Aug 6, 202582$131.7MState Street SPDR Portfolio S&P 500 ETFSchwab US Dividend Equity ETFiShares Core S&P U.S. Growth ETFvs. Q1 2025SEC
Q1 2025Apr 29, 2025211$354.4MAAPLNVDAMSFTvs. Q4 2024SEC
Q4 2024Feb 12, 2025215$359.8MNVDAAAPLMSFTvs. Q3 2024SEC
Q3 2024Nov 8, 2024160$324.8MNVDAAAPLMSFTvs. Q2 2024SEC
Q2 2024Aug 14, 2024210$325.3MNVDAMSFTAAPLvs. Q1 2024SEC
Q1 2024May 8, 202489$112.8MUNHNVDAAAPL–SEC
Q3 2023Nov 6, 2023118$170.3MUNHAAPLMSFTvs. Q2 2023SEC
Q2 2023Aug 15, 2023100$169.7MAAPLUNHMSFTvs. Q1 2023SEC
Q1 2023Apr 6, 2023124$165.0MUNHAAPLMSFTvs. Q4 2022SEC
Q4 2022Feb 8, 2023118$95.0MATRDelaware Small Cap Core Fund Instl CL N/LNextera Energy Incvs. Q3 2022SEC
Q3 2022Oct 17, 2022106$137.7MUNHAAPLMSFTvs. Q2 2022SEC
Q2 2022Aug 15, 2022118$147.0MUNHAAPLMSFT–SEC
Q4 2021Feb 5, 202458$84.7MUNHAAPLAMZN–SEC