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Livermore
Livermore
ZHEN

Cape Investment Advisory, Inc.

SEC CIK
0001944437
Latest filing
Jul 23, 2026

The latest 13F from Cape Investment Advisory, Inc. covers Q2 2026 (filed Jul 23, 2026): 1,449 long positions worth $374.1M. The top 10 holdings make up 34.3% of the portfolio, and the largest is Schwab U.S. Broad Market ETF at 12.4%. Livermore has 14 filings on Form 13F from this institution, going back to Q1 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
1222
Est. +$44.3M
Added
96
Est. +$9.79M
Reduced
118
Est. −$15.4M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Broad Market ETF808524102
    12.4%$46.3M
  2. Schwab U.S. Large-Cap Value ETF808524409
    5.6%$21.0M
  3. iShares Flexible Income Active ETF092528603
    3.1%$11.7M
  4. Schwab U.S. Large-Cap Growth ETF808524300
    2.3%$8.55M
  5. Schwab Strategic Tr808524714
    2.3%$8.54M

Share of portfolio

Top 5 holdings and the other 1,444 positions, by share of portfolio value

  1. Schwab U.S. Broad Market ETF12.4%
  2. Schwab U.S. Large-Cap Value ETF5.6%
  3. iShares Flexible Income Active ETF3.1%
  4. Schwab U.S. Large-Cap Growth ETF2.3%
  5. Schwab Strategic Tr2.3%
  6. Other 1,444 positions74.3%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$1.52MAdded
  2. AJGArthur J. Gallagher & Co.
    +$989.7KNewHistory
  3. SPGIS&P Global Inc.
    +$940.0KNewHistory
  4. NFLXNetflix Inc
    +$844.1KAddedHistory
  5. SPCXSpace Exploration Technologies Corp
    +$610.0KNewHistory

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +0.31 pp1.2% → 1.5%
  2. AJGArthur J. Gallagher & Co.
    +0.26 pp0.0% → 0.3%History
  3. SPGIS&P Global Inc.
    +0.25 pp0.0% → 0.3%History
  4. NFLXNetflix Inc
    +0.18 pp0.1% → 0.3%History
  5. SPCXSpace Exploration Technologies Corp
    +0.16 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SBUXStarbucks Corp
    −$1.36MReducedHistory
  2. AMATApplied Materials Inc
    −$1.21MReducedHistory
  3. KOCoca Cola Co
    −$1.18MReducedHistory
  4. MUMicron Technology Inc
    −$1.03MReducedHistory
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −$522.0KReducedHistory

Largest weight decreases

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

  1. CVXChevron Corp
    −0.55 pp1.4% → 0.8%History
  2. KOCoca Cola Co
    −0.55 pp1.6% → 1.1%History
  3. SBUXStarbucks Corp
    −0.40 pp0.4% → <0.1%History
  4. Schwab US Dividend Equity ETF808524797
    −0.36 pp1.9% → 1.5%
  5. Invesco Exchange Traded FD T46137V357
    −0.24 pp1.9% → 1.7%

Metrics

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

Portfolio value
$374.1M
+$73.4M (+24.4%) vs. prior quarter
Positions
1,449
+1,222 vs. prior quarter
Top 10 concentration
34.3%
Top 10 as share of value
Turnover
4.6%
Q2 2026, one quarter
Average holding period
10.6 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 (Q1 2023), so positions held before then are understated.

13F filings by quarter

14 quarters, going back to Q1 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $374.1M (Q2 2026)

Q1 2023: $164.1MQ2 2023: $179.1MQ3 2023: $176.4MQ4 2023: $204.5MQ1 2024: $213.9MQ2 2024: $222.6MQ3 2024: $246.7MQ4 2024: $255.7MQ1 2025: $251.1MQ2 2025: $273.9MQ3 2025: $101.7MQ4 2025: $325.1MQ1 2026: $300.7MQ2 2026: $374.1M
Q1 2023Q2 2026
13F filings of Cape Investment Advisory, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 20261,449$374.1MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFiShares Flexible Income Active ETFvs. Q1 2026SEC
Q1 2026May 15, 2026227$300.7MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFiShares Flexible Income Active ETFvs. Q4 2025SEC
Q4 2025Feb 17, 20261,308$325.1MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFiShares Flexible Income Active ETFvs. Q3 2025SEC
Q3 2025Dec 29, 2025848$101.7MMSFTGOOGLAMZNvs. Q2 2025SEC
Q2 2025Aug 19, 20251,171$273.9MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2025SEC
Q1 2025May 16, 20251,135$251.1MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2024SEC
Q4 2024Feb 5, 20251,140$255.7MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2024SEC
Q3 2024Nov 14, 2024957$246.7MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2024SEC
Q2 2024Aug 15, 2024929$222.6MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2024SEC
Q1 2024Jun 21, 2024935$213.9MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2023SEC
Q4 2023Feb 12, 20241,132$204.5MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2023SEC
Q3 2023Nov 7, 2023929$176.4MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2023SEC
Q2 2023Oct 12, 2023911$179.1MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2023SEC
Q1 2023Oct 12, 2023962$164.1MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap Growth ETF–SEC