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Livermore
Livermore
ZHEN

TCP Asset Management, LLC

SEC CIK
0001961898
Latest filing
Jul 15, 2026

The latest 13F from TCP Asset Management, LLC covers Q2 2026 (filed Jul 15, 2026): 141 long positions worth $882.1M. The top 10 holdings make up 57.9% of the portfolio, and the largest is iShares Core S&P 500 ETF at 15.2%. 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
15
Est. +$6.61M
Added
56
Est. +$30.6M
Reduced
38
Est. −$15.7M
Sold out
7
Est. −$1.42M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    15.2%$133.7M
  2. DIASPDR Dow Jones Industrial Average ETF Trust
    6.6%$58.4MHistory
  3. Invesco QQQ Trust Series I46090E103
    6.5%$56.9M
  4. Dimensional ETF Trust25434V104
    5.6%$49.5M
  5. Northern Lights FD Tr66538J738
    5.4%$48.0M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$3.49MAdded
  2. First Tr Exchange-Traded FD33739Q408
    +$3.37MAdded
  3. Northern Lights FD Tr66538J738
    +$3.21MAdded
  4. PHYSSprott Physical Gold Trust
    +$2.82MAddedHistory
  5. First Tr Exchange-Traded FD33738D796
    +$2.28MAdded

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +0.74 pp5.7% → 6.5%
  2. iShares Core S&P 500 ETF464287200
    +0.56 pp14.6% → 15.2%
  3. Fidelity Comwlth Tr315912808
    +0.32 pp3.3% → 3.6%
  4. DIASPDR Dow Jones Industrial Average ETF Trust
    +0.21 pp6.4% → 6.6%History
  5. BlackRock ETF Trust II092528819
    +0.20 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VanEck Semiconductor ETF92189F676
    −$7.62MReduced
  2. State Street Technology Select Sector SPDR ETF81369Y803
    −$3.11MReduced
  3. J P Morgan Exchange Traded F46654Q773
    −$881.7KReduced
  4. iShares Tr464287432
    −$707.4KReduced
  5. Dimensional Emerging Core Equity Market ETF25434V302
    −$664.8KReduced

Largest weight decreases

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

  1. iShares Tr464287432
    −0.17 pp0.7% → 0.6%
  2. J P Morgan Exchange Traded F46654Q773
    −0.13 pp0.3% → 0.1%
  3. State Street Health Care Select Sector SPDR ETF81369Y209
    −0.08 pp0.7% → 0.6%
  4. SPDR Series Trust78464A755
    −0.08 pp0.6% → 0.5%
  5. Ea Series Trust02072L441
    −0.07 pp0.3% → 0.3%

Metrics

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

Portfolio value
$882.1M
+$104.1M (+13.4%) vs. prior quarter
Positions
141
+8 vs. prior quarter
Top 10 concentration
57.9%
Top 10 as share of value
Turnover
2.1%
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 $882.1M (Q2 2026)

Q4 2022: $127.9MQ1 2023: $181.6MQ2 2023: $235.2MQ3 2023: $233.7MQ4 2023: $270.2MQ1 2024: $378.4MQ2 2024: $395.4MQ3 2024: $433.8MQ4 2024: $453.5MQ1 2025: $447.4MQ2 2025: $504.3MQ3 2025: $560.5MQ4 2025: $593.5MQ1 2026: $778.0MQ2 2026: $882.1M
Q4 2022Q2 2026
13F filings of TCP Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 2026141$882.1MiShares Core S&P 500 ETFDIAInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026Apr 10, 2026133$778.0MiShares Core S&P 500 ETFDIANorthern Lights FD Trvs. Q4 2025SEC
Q4 2025Jan 7, 2026111$593.5MiShares Core S&P 500 ETFDimensional ETF TrustDIAvs. Q3 2025SEC
Q3 2025Oct 7, 2025113$560.5MiShares Core S&P 500 ETFDimensional ETF TrustDIAvs. Q2 2025SEC
Q2 2025Aug 12, 202593$504.3MiShares Core S&P 500 ETFDimensional ETF TrustDIAvs. Q1 2025SEC
Q1 2025Apr 28, 202589$447.4MiShares Core S&P 500 ETFDimensional ETF TrustDIAvs. Q4 2024SEC
Q4 2024Jan 15, 202591$453.5MiShares Core S&P 500 ETFDimensional ETF TrustDIAvs. Q3 2024SEC
Q3 2024Oct 24, 202490$433.8MiShares Core S&P 500 ETFDimensional ETF TrustDIAvs. Q2 2024SEC
Q2 2024Jul 16, 202475$395.4MiShares Core S&P 500 ETFDimensional ETF TrustInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024Apr 19, 202480$378.4MiShares Core S&P 500 ETFDimensional ETF TrustDIAvs. Q4 2023SEC
Q4 2023Jan 10, 202472$270.2MiShares Core S&P 500 ETFDimensional ETF TrustDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Nov 14, 202360$233.7MiShares Core S&P 500 ETFDimensional ETF TrustDIAvs. Q2 2023SEC
Q2 2023Jul 13, 202364$235.2MiShares Core S&P 500 ETFDimensional ETF TrustDimensional ETF Trustvs. Q1 2023SEC
Q1 2023Apr 18, 202356$181.6MiShares Core S&P 500 ETFDimensional ETF TrustiShares Core U.S. Aggregate Bond ETFvs. Q4 2022SEC
Q4 2022Jan 20, 202348$127.9MiShares Core S&P 500 ETFDimensional ETF TrustiShares Core U.S. Aggregate Bond ETF–SEC