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Livermore
Livermore
ZHEN

KM Capital Management Ltd.

SEC CIK
0001963514
Latest filing
Aug 14, 2026

The latest 13F from KM Capital Management Ltd. covers Q2 2026 (filed Aug 14, 2026): 48 long positions worth $212.8M. The top 10 holdings make up 71.6% of the portfolio, and the largest is Dimensional ETF Trust at 17.1%. 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
18
Est. +$66.7M
Added
13
Est. +$2.13M
Reduced
14
Est. −$2.98M
Sold out
46
Est. −$3.10M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V401
    17.1%$36.3M
  2. iShares Tr46438G448
    10.7%$22.7M
  3. iShares Tr464287150
    10.6%$22.5M
  4. Dimensional ETF Trust25434V807
    6.7%$14.2M
  5. iShares Tr464289446
    6.4%$13.7M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287150
    +$22.5MNew
  2. iShares Tr464289446
    +$13.7MNew
  3. iShares S&P 100 ETF464287101
    +$4.99MNew
  4. iShares Tr464287622
    +$3.43MNew
  5. iShares Tr464288760
    +$3.08MNew

Largest weight increases

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

  1. iShares Tr464287150
    +10.57 pp0.0% → 10.6%
  2. iShares Tr464289446
    +6.43 pp0.0% → 6.4%
  3. iShares S&P 100 ETF464287101
    +2.35 pp0.0% → 2.3%
  4. iShares Tr464287622
    +1.61 pp0.0% → 1.6%
  5. iShares Tr464288760
    +1.45 pp0.0% → 1.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Series Trust78464A664
    −$2.14MReduced
  2. IBITiShares Bitcoin Trust ETF
    −$371.9KReducedHistory
  3. Invesco S&P 500 Quality ETF46137V241
    −$191.3KSold out
  4. BlackRock ETF Trust09290C855
    −$185.5KSold out
  5. iShares MSCI USA Momentum Factor ETF46432F396
    −$185.4KSold out

Largest weight decreases

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

  1. iShares Core MSCI Emerging Markets ETF46434G103
    −2.41 pp8.2% → 5.8%
  2. Invesco QQQ Trust Series I46090E103
    −1.83 pp6.4% → 4.6%
  3. SPDR Series Trust78464A664
    −1.70 pp2.4% → 0.7%
  4. BlackRock ETF Trust09290C103
    −1.55 pp5.4% → 3.8%
  5. BlackRock ETF Trust09290C806
    −0.93 pp3.1% → 2.2%

Metrics

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

Portfolio value
$212.8M
+$64.1M (+43.2%) vs. prior quarter
Positions
48
−28 vs. prior quarter
Top 10 concentration
71.6%
Top 10 as share of value
Turnover
3.4%
Q2 2026, one quarter
Average holding period
6.7 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 $216.3M (Q3 2025)

Q4 2022: $100.5MQ1 2023: $108.4MQ2 2023: $138.8MQ3 2023: $146.2MQ4 2023: $173.1MQ1 2024: $180.4MQ2 2024: $193.2MQ3 2024: $187.1MQ4 2024: $193.2MQ1 2025: $185.6MQ2 2025: $202.6MQ3 2025: $216.3MQ4 2025: $195.7MQ1 2026: $148.6MQ2 2026: $212.8M
Q4 2022Q2 2026
13F filings of KM Capital Management Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202648$212.8MDimensional ETF TrustiShares TriShares Trvs. Q1 2026SEC
Q1 2026May 15, 202676$148.6MDimensional ETF TrustiShares TrDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Feb 17, 202647$195.7MDimensional ETF TrustiShares TrDimensional ETF Trustvs. Q3 2025SEC
Q3 2025Nov 14, 202552$216.3MDimensional ETF TrustiShares TriShares Trvs. Q2 2025SEC
Q2 2025Aug 8, 202556$202.6MDimensional ETF TrustiShares TriShares Trvs. Q1 2025SEC
Q1 2025May 2, 202554$185.6MDimensional ETF TrustiShares TriShares Trvs. Q4 2024SEC
Q4 2024Feb 4, 202545$193.2MDimensional ETF TrustiShares TriShares Trvs. Q3 2024SEC
Q3 2024Nov 14, 202444$187.1MDimensional ETF TrustiShares TriShares Trvs. Q2 2024SEC
Q2 2024Aug 2, 202443$193.2MDimensional ETF TrustiShares TriShares Trvs. Q1 2024SEC
Q1 2024May 14, 202441$180.4MDimensional ETF TrustiShares TriShares Trvs. Q4 2023SEC
Q4 2023Jan 18, 202446$173.1MDimensional ETF TrustiShares TrDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Nov 13, 202338$146.2MDimensional ETF TrustiShares TrDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Aug 11, 202335$138.8MDimensional ETF TrustiShares TriShares Trvs. Q1 2023SEC
Q1 2023May 12, 202344$108.4MDimensional ETF TrustiShares TriShares Trvs. Q4 2022SEC
Q4 2022Feb 14, 202345$100.5MDimensional ETF TrustiShares TriShares Tr–SEC