Skip to main content
Livermore
Livermore
ZHEN

Werba Rubin Papier Wealth Management

SEC CIK
0001971029
Latest filing
Jul 27, 2026

The latest 13F from Werba Rubin Papier Wealth Management covers Q2 2026 (filed Jul 27, 2026): 309 long positions worth $823.5M. The top 10 holdings make up 51.9% of the portfolio, and the largest is American Centy ETF Tr at 11.9%. 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
48
Est. +$14.2M
Added
150
Est. +$39.5M
Reduced
97
Est. −$18.5M
Sold out
17
Est. −$4.33M

Top 5 holdings

Share of this quarter's portfolio value

  1. American Centy ETF Tr025072885
    11.9%$98.3M
  2. American Centy ETF Tr025072703
    9.5%$78.2M
  3. American Centy ETF Tr025072877
    6.7%$55.0M
  4. American Centy ETF Tr025072802
    4.2%$34.9M
  5. AAPLApple Inc.
    4.1%$33.9MHistory

Share of portfolio

Top 5 holdings and the other 304 positions, by share of portfolio value

  1. American Centy ETF Tr11.9%
  2. American Centy ETF Tr9.5%
  3. American Centy ETF Tr6.7%
  4. American Centy ETF Tr4.2%
  5. AAPL4.1%
  6. Other 304 positions63.5%

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072885
    +$4.36MAdded
  2. American Centy ETF Tr025072703
    +$3.68MAdded
  3. American Centy ETF Tr025072562
    +$2.04MAdded
  4. Vanguard Morningstar Growth ETF922908736
    +$2.01MAddedConverted for a 6-for-1 split
  5. Vanguard Malvern FDS922020730
    +$2.00MAdded

Largest weight increases

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

  1. American Centy ETF Tr025072885
    +0.58 pp11.4% → 11.9%
  2. Vanguard Morningstar Growth ETF922908736
    +0.33 pp2.8% → 3.1%
  3. American Centy ETF Tr025072604
    +0.24 pp2.2% → 2.5%
  4. Invesco QQQ Trust Series I46090E103
    +0.18 pp0.0% → 0.2%
  5. TGTTarget Corp
    +0.18 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$3.58MReducedHistory
  2. GOOGAlphabet Inc.
    −$2.34MReducedHistory
  3. SNOWSnowflake Inc.
    −$1.09MReducedHistory
  4. Vanguard S&P 500 ETF922908363
    −$1.02MReduced
  5. COSTCostco Wholesale Corp
    −$1.01MReducedHistory

Largest weight decreases

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

  1. NVDANVIDIA Corp
    −0.43 pp3.3% → 2.8%History
  2. iShares Tr464287440
    −0.33 pp2.3% → 2.0%
  3. Schwab Strategic Tr808524680
    −0.33 pp2.1% → 1.8%
  4. GOOGAlphabet Inc.
    −0.24 pp0.6% → 0.4%History
  5. BITWBitwise 10 Crypto Index ETF
    −0.19 pp0.5% → 0.4%History

Metrics

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

Portfolio value
$823.5M
+$105.4M (+14.7%) vs. prior quarter
Positions
309
+31 vs. prior quarter
Top 10 concentration
51.9%
Top 10 as share of value
Turnover
3.0%
Q2 2026, one quarter
Average holding period
6.6 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 $823.5M (Q2 2026)

Q4 2022: $242.5MQ1 2023: $254.6MQ2 2023: $288.1MQ3 2023: $281.0MQ4 2023: $294.6MQ1 2024: $344.9MQ2 2024: $362.3MQ3 2024: $426.3MQ4 2024: $423.9MQ1 2025: $459.8MQ2 2025: $532.2MQ3 2025: $619.1MQ4 2025: $369.0MQ1 2026: $718.1MQ2 2026: $823.5M
Q4 2022Q2 2026
13F filings of Werba Rubin Papier Wealth Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 2026309$823.5MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q1 2026SEC
Q1 2026May 12, 2026278$718.1MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q4 2025SEC
Q4 2025Jan 27, 2026232$369.0MVanguard Total Bond Market ETFNVDAVanguard Morningstar Growth ETFvs. Q3 2025SEC
Q3 2025Nov 4, 2025241$619.1MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q2 2025SEC
Q2 2025Jul 29, 2025230$532.2MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q1 2025SEC
Q1 2025May 7, 2025192$459.8MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q4 2024SEC
Q4 2024Feb 3, 2025195$423.9MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q3 2024SEC
Q3 2024Oct 18, 2024193$426.3MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q2 2024SEC
Q2 2024Aug 6, 2024168$362.3MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q1 2024SEC
Q1 2024May 1, 2024153$344.9MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q4 2023SEC
Q4 2023Jan 22, 2024121$294.6MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q3 2023SEC
Q3 2023Nov 6, 2023124$281.0MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q2 2023SEC
Q2 2023Jul 24, 2023124$288.1MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q1 2023SEC
Q1 2023Apr 26, 2023115$254.6MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q4 2022SEC
Q4 2022Mar 28, 2023104$242.5MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Tr–SEC