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Livermore
Livermore
ZHEN

Verum Partners LLC

SEC CIK
0001958984
Latest filing
Jul 22, 2026

The latest 13F from Verum Partners LLC covers Q2 2026 (filed Jul 22, 2026): 200 long positions worth $661.5M. The top 10 holdings make up 56.5% of the portfolio, and the largest is Vanguard Malvern FDS at 12.5%. Livermore has 15 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.

Full comparison
New
31
Est. +$8.86M
Added
102
Est. +$97.3M
Reduced
56
Est. −$21.0M
Sold out
6
Est. −$2.45M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Malvern FDS922020748
    12.5%$82.4M
  2. Vanguard Mun BD FDS922907712
    9.7%$64.3M
  3. Vanguard S&P 500 ETF922908363
    7.3%$48.2M
  4. iShares U.S. Treasury Bond ETF46429B267
    5.9%$38.8M
  5. Investment Managers Ser Tr I30254T577
    4.7%$31.3M

Share of portfolio

Top 5 holdings and the other 195 positions, by share of portfolio value

  1. Vanguard Malvern FDS12.5%
  2. Vanguard Mun BD FDS9.7%
  3. Vanguard S&P 500 ETF7.3%
  4. iShares U.S. Treasury Bond ETF5.9%
  5. Investment Managers Ser Tr I4.7%
  6. Other 195 positions59.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Malvern FDS922020748
    +$51.2MAdded
  2. Vanguard Mun BD FDS922907712
    +$18.2MAdded
  3. iShares U.S. Treasury Bond ETF46429B267
    +$3.40MAdded
  4. Investment Managers Ser Tr I30254T577
    +$3.32MAdded
  5. Cambria ETF Tr132061201
    +$2.39MAdded

Largest weight increases

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

  1. Vanguard Malvern FDS922020748
    +6.52 pp5.9% → 12.5%
  2. Vanguard Mun BD FDS922907712
    +1.12 pp8.6% → 9.7%
  3. MUMicron Technology Inc
    +0.20 pp<0.1% → 0.2%History
  4. INTCIntel Corp
    +0.10 pp0.1% → 0.2%History
  5. SNDKSandisk Corp
    +0.10 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. JPMorgan Ultra-Short Income ETF46641Q837
    −$14.8MReduced
  2. Dimensional Ultrashort Fixed Income ETF25434V591
    −$847.5KSold out
  3. Vanguard Morningstar Total Stock Market ETF922908769
    −$531.0KReduced
  4. Schwab Fundamental U.S. Large Company ETF808524771
    −$504.9KReduced
  5. Vanguard Instl Index FD922040845
    −$451.8KReduced

Largest weight decreases

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

  1. JPMorgan Ultra-Short Income ETF46641Q837
    −2.88 pp3.2% → 0.3%
  2. Vanguard S&P 500 ETF922908363
    −0.71 pp8.0% → 7.3%
  3. iShares Core S&P 500 ETF464287200
    −0.29 pp3.0% → 2.7%
  4. Vanguard Dividend Appreciation ETF921908844
    −0.22 pp1.3% → 1.0%
  5. Schwab Fundamental U.S. Large Company ETF808524771
    −0.20 pp1.1% → 0.9%

Metrics

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

Portfolio value
$661.5M
+$135.1M (+25.7%) vs. prior quarter
Positions
200
+25 vs. prior quarter
Top 10 concentration
56.5%
Top 10 as share of value
Turnover
3.9%
Q2 2026, one quarter
Average holding period
11.5 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

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $661.5M (Q2 2026)

Q4 2022: $81.4MQ1 2023: $93.6MQ2 2023: $110.1MQ3 2023: $223.8MQ4 2023: $252.9MQ1 2024: $281.6MQ2 2024: $309.7MQ3 2024: $341.5MQ4 2024: $347.4MQ1 2025: $370.9MQ2 2025: $434.1MQ3 2025: $470.5MQ4 2025: $496.0MQ1 2026: $526.4MQ2 2026: $661.5M
Q4 2022Q2 2026
13F filings of Verum Partners LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026200$661.5MVanguard Malvern FDSVanguard Mun BD FDSVanguard S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 15, 2026175$526.4MVanguard Mun BD FDSVanguard S&P 500 ETFiShares U.S. Treasury Bond ETFvs. Q4 2025SEC
Q4 2025Jan 14, 2026168$496.0MVanguard S&P 500 ETFVanguard Mun BD FDSInvestment Managers Ser Tr Ivs. Q3 2025SEC
Q3 2025Nov 12, 2025171$470.5MVanguard S&P 500 ETFInvestment Managers Ser Tr IiShares U.S. Treasury Bond ETFvs. Q2 2025SEC
Q2 2025Jul 15, 2025169$434.1MVanguard S&P 500 ETFiShares U.S. Treasury Bond ETFInvestment Managers Ser Tr Ivs. Q1 2025SEC
Q1 2025Apr 11, 2025160$370.9MInvestment Managers Ser Tr IiShares U.S. Treasury Bond ETFiShares Core S&P Small Cap ETFvs. Q4 2024SEC
Q4 2024Jan 17, 2025164$347.4MiShares U.S. Treasury Bond ETFInvestment Managers Ser Tr IVanguard S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 16, 2024162$341.5MiShares U.S. Treasury Bond ETFJPMorgan Ultra-Short Income ETFVanguard S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 15, 2024153$309.7MiShares U.S. Treasury Bond ETFJPMorgan Ultra-Short Income ETFInvestment Managers Ser Tr Ivs. Q1 2024SEC
Q1 2024Apr 18, 2024156$281.6MiShares U.S. Treasury Bond ETFJPMorgan Ultra-Short Income ETFiShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 18, 2024142$252.9MiShares U.S. Treasury Bond ETFJPMorgan Ultra-Short Income ETFiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 10, 2023132$223.8MJPMorgan Ultra-Short Income ETFiShares Core S&P 500 ETFiShares Core S&P Small Cap ETFvs. Q2 2023SEC
Q2 2023Jul 24, 2023105$110.1MJPMorgan Ultra-Short Income ETFVanguard Scottsdale FDSSchwab Fundamental International Equity ETFvs. Q1 2023SEC
Q1 2023Apr 13, 202364$93.6MJPMorgan Ultra-Short Income ETFVanguard Scottsdale FDSSchwab Fundamental International Equity ETFvs. Q4 2022SEC
Q4 2022Jan 25, 202369$81.4MVanguard Scottsdale FDSSchwab Fundamental International Equity ETFiShares Core S&P 500 ETF–SEC