Skip to main content
Livermore
Livermore
ZHEN

PPSC Investment Service Corp

SEC CIK
0001964389
Latest filing
Jul 23, 2026

The latest 13F from PPSC Investment Service Corp covers Q2 2026 (filed Jul 23, 2026): 8 long positions worth $1.58B. The top 10 holdings make up 100.0% of the portfolio, and the largest is Direxion Shs ETF Tr at 43.4%. 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
0
Added
7
Est. +$30.1M
Reduced
1
Est. −$3.54M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Direxion Shs ETF Tr25459W862
    43.4%$687.9M
  2. GLDSPDR Gold Trust
    18.0%$284.5MHistory
  3. SPYSPDR S&P 500 ETF Trust
    16.7%$264.3MHistory
  4. Invesco QQQ Trust Series I46090E103
    12.5%$198.6M
  5. ProShares Tr74347X831
    7.2%$114.6M

Share of portfolio

Top 5 holdings and the other 3 positions, by share of portfolio value

  1. Direxion Shs ETF Tr43.4%
  2. GLD18.0%
  3. SPY16.7%
  4. Invesco QQQ Trust Series I12.5%
  5. ProShares Tr7.2%
  6. Other 3 positions2.2%

Biggest buys

New and added positions, by estimated amount bought

  1. ProShares Tr74347X831
    +$10.9MAdded
  2. SPYSPDR S&P 500 ETF Trust
    +$8.09MAddedHistory
  3. Invesco QQQ Trust Series I46090E103
    +$4.79MAdded
  4. Direxion Shs ETF Tr25459W862
    +$2.30MAdded
  5. IBITiShares Bitcoin Trust ETF
    +$2.00MAddedHistory

Largest weight increases

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

  1. Direxion Shs ETF Tr25459W862
    +6.46 pp36.9% → 43.4%
  2. ProShares Tr74347X831
    +3.02 pp4.2% → 7.2%
  3. Invesco QQQ Trust Series I46090E103
    +0.55 pp12.0% → 12.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GLDSPDR Gold Trust
    −$3.54MReducedHistory

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −8.59 pp26.5% → 18.0%History

Metrics

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

Portfolio value
$1.58B
+$317.0M (+25.0%) vs. prior quarter
Positions
8
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.2%
Q2 2026, one quarter
Average holding period
14.4 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 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 $1.58B (Q2 2026)

Q4 2022: $313.1MQ1 2023: $402.1MQ2 2023: $451.7MQ3 2023: $427.1MQ4 2023: $527.3MQ1 2024: $654.7MQ2 2024: $747.3MQ3 2024: $848.7MQ4 2024: $899.3MQ1 2025: $873.9MQ2 2025: $1.07BQ3 2025: $1.26BQ4 2025: $1.34BQ1 2026: $1.27BQ2 2026: $1.58B
Q4 2022Q2 2026
13F filings of PPSC Investment Service Corp by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 20268$1.58BDirexion Shs ETF TrGLDSPYvs. Q1 2026SEC
Q1 2026Apr 23, 20268$1.27BDirexion Shs ETF TrGLDSPYvs. Q4 2025SEC
Q4 2025Jan 26, 20268$1.34BDirexion Shs ETF TrGLDSPYvs. Q3 2025SEC
Q3 2025Oct 21, 20258$1.26BDirexion Shs ETF TrGLDSPYvs. Q2 2025SEC
Q2 2025Jul 24, 20257$1.07BDirexion Shs ETF TrSPYGLDvs. Q1 2025SEC
Q1 2025Apr 17, 20257$873.9MDirexion Shs ETF TrSPYGLDvs. Q4 2024SEC
Q4 2024Jan 30, 20256$899.3MDirexion Shs ETF TrSPYInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Nov 1, 20246$848.7MDirexion Shs ETF TrSPYInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Aug 1, 20245$747.3MDirexion Shs ETF TrSPYInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024Apr 18, 20244$654.7MDirexion Shs ETF TrGLDInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Jan 31, 20244$527.3MDirexion Shs ETF TrSPYInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Oct 31, 20234$427.1MDirexion Shs ETF TrSPYInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Jul 28, 20234$451.7MDirexion Shs ETF TrSPYInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023Apr 21, 20234$402.1MDirexion Shs ETF TrSPYInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Feb 3, 20234$313.1MDirexion Shs ETF TrSPYInvesco QQQ Trust Series I–SEC