Skip to main content
Livermore
Livermore
ZHEN

Milestone Asset Management, LLC

SEC CIK
0001964722
Latest filing
Jul 15, 2026

The latest 13F from Milestone Asset Management, LLC covers Q2 2026 (filed Jul 15, 2026): 259 long positions worth $635.5M. The top 10 holdings make up 28.0% of the portfolio, and the largest is First Tr Exchng Traded FD VI at 6.0%. 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
58
Est. +$104.0M
Added
110
Est. +$77.3M
Reduced
76
Est. −$93.7M
Sold out
34
Est. −$48.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. First Tr Exchng Traded FD VI33740F755
    6.0%$38.0M
  2. iShares Tr46436E718
    4.6%$29.4M
  3. SPDR Series Trust78468R200
    3.9%$24.6M
  4. AAPLApple Inc.
    3.0%$19.1MHistory
  5. iShares Core S&P 500 ETF464287200
    2.2%$14.0M

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$12.7MAddedHistory
  2. iShares U.S. Treasury Bond ETF46429B267
    +$8.47MNew
  3. iShares Tr46435U796
    +$8.31MNew
  4. iShares Core S&P 500 ETF464287200
    +$8.19MAdded
  5. SPDR Series Trust78468R200
    +$7.25MAdded

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +1.99 pp0.2% → 2.2%History
  2. iShares U.S. Treasury Bond ETF46429B267
    +1.33 pp0.0% → 1.3%
  3. iShares Tr46435U796
    +1.31 pp0.0% → 1.3%
  4. iShares Core S&P 500 ETF464287200
    +1.27 pp0.9% → 2.2%
  5. BlackRock ETF Trust II092528835
    +1.12 pp0.0% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Pgim ETF Tr69344A107
    −$20.1MReduced
  2. AMATApplied Materials Inc
    −$8.23MReducedHistory
  3. iShares Tr46436E718
    −$7.87MReduced
  4. iShares Tr46434V613
    −$6.05MSold out
  5. iShares Tr464287440
    −$5.96MReduced

Largest weight decreases

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

  1. Pgim ETF Tr69344A107
    −3.71 pp3.8% → 0.1%
  2. iShares Tr46436E718
    −2.24 pp6.9% → 4.6%
  3. iShares Tr464287440
    −1.12 pp1.2% → <0.1%
  4. iShares Tr46434V613
    −1.12 pp1.1% → 0.0%
  5. iShares Tr46435G672
    −1.10 pp1.1% → 0.0%

Metrics

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

Portfolio value
$635.5M
+$93.0M (+17.1%) vs. prior quarter
Positions
259
+24 vs. prior quarter
Top 10 concentration
28.0%
Top 10 as share of value
Turnover
24.1%
Q2 2026, one quarter
Average holding period
7.4 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 $635.5M (Q2 2026)

Q4 2022: $168.1MQ1 2023: $175.0MQ2 2023: $226.7MQ3 2023: $285.8MQ4 2023: $303.9MQ1 2024: $349.9MQ2 2024: $399.5MQ3 2024: $444.6MQ4 2024: $452.8MQ1 2025: $468.8MQ2 2025: $473.3MQ3 2025: $528.1MQ4 2025: $530.1MQ1 2026: $542.5MQ2 2026: $635.5M
Q4 2022Q2 2026
13F filings of Milestone Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 2026259$635.5MFirst Tr Exchng Traded FD VIiShares TrSPDR Series Trustvs. Q1 2026SEC
Q1 2026Apr 15, 2026235$542.5MiShares TrFirst Tr Exchng Traded FD VIPgim ETF Trvs. Q4 2025SEC
Q4 2025Jan 28, 2026212$530.1MFirst Tr Exchng Traded FD VISPDR Series TrustPgim ETF Trvs. Q3 2025SEC
Q3 2025Oct 15, 2025224$528.1MSPDR Series TrustFirst Tr Exchng Traded FD VIPgim ETF Trvs. Q2 2025SEC
Q2 2025Aug 5, 2025201$473.3MPgim ETF TrInvesco Exch TRD SLF Idx FDFirst Tr Exchng Traded FD VIvs. Q1 2025SEC
Q1 2025Apr 9, 2025208$468.8MiShares U S ETF TrVanEck ETF TrustFirst Tr Exchng Traded FD VIvs. Q4 2024SEC
Q4 2024Jan 23, 2025219$452.8MFirst Tr Exchng Traded FD VIState Street SPDR Bloomberg 1-3 Month T-Bill ETFRBB FD Incvs. Q3 2024SEC
Q3 2024Oct 25, 2024197$444.6MFirst Tr Exchng Traded FD VIState Street SPDR Bloomberg 1-3 Month T-Bill ETFRBB FD Incvs. Q2 2024SEC
Q2 2024Jul 19, 2024190$399.5MFirst Tr Exchng Traded FD VIState Street SPDR Bloomberg 1-3 Month T-Bill ETFRBB FD Incvs. Q1 2024SEC
Q1 2024Apr 23, 2024168$349.9MFirst Tr Exchng Traded FD VIInvesco Exch TRD SLF Idx FDFirst Tr Exchng Traded FD VIvs. Q4 2023SEC
Q4 2023Jan 23, 202486$303.9MInnovator ETFs TrustInvesco Exch TRD SLF Idx FDInnovator ETFs Trustvs. Q3 2023SEC
Q3 2023Nov 13, 202383$285.8MInvesco Exch TRD SLF Idx FDInnovator ETFs TrustInnovator ETFs Trustvs. Q2 2023SEC
Q2 2023Aug 8, 202364$226.7MInvesco Exch TRD SLF Idx FDSPYFirst Tr Exchange-Traded FDvs. Q1 2023SEC
Q1 2023May 9, 202373$175.0MInvesco Exch TRD SLF Idx FDSPYFirst Tr Exchange-Traded FDvs. Q4 2022SEC
Q4 2022Feb 6, 202370$168.1MInvesco Exch TRD SLF Idx FDSPYFirst Tr Exchange-Traded FD–SEC