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Livermore
Livermore
ZHEN

Pine Valley Investments Ltd Liability Co

SEC CIK
0001975417
Latest filing
Jul 24, 2026

The latest 13F from Pine Valley Investments Ltd Liability Co covers Q2 2026 (filed Jul 24, 2026): 571 long positions worth $2.35B. The top 10 holdings make up 23.9% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 4.8%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2023.

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
57
Est. +$110.4M
Added
300
Est. +$118.2M
Reduced
179
Est. −$126.1M
Sold out
23
Est. −$56.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    4.8%$112.4MHistory
  2. AAPLApple Inc.
    3.1%$73.4MHistory
  3. NVDANVIDIA Corp
    2.9%$68.9MHistory
  4. GPNGlobal Payments Inc
    2.2%$51.1MHistory
  5. CNCCentene Corp
    2.1%$49.0MHistory

Share of portfolio

Top 5 holdings and the other 566 positions, by share of portfolio value

  1. SPY4.8%
  2. AAPL3.1%
  3. NVDA2.9%
  4. GPN2.2%
  5. CNC2.1%
  6. Other 566 positions84.9%

Biggest buys

New and added positions, by estimated amount bought

  1. GPKGraphic Packaging Holding Co
    +$37.2MNewHistory
  2. FISFidelity National Information Services, Inc.
    +$24.4MNewHistory
  3. Columbia ETF Tr I19761L748
    +$15.9MAdded
  4. FLOFlowers Foods Inc
    +$15.7MNewHistory
  5. GPNGlobal Payments Inc
    +$11.8MAddedHistory

Largest weight increases

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

  1. GPKGraphic Packaging Holding Co
    +1.58 pp0.0% → 1.6%History
  2. FISFidelity National Information Services, Inc.
    +1.04 pp0.0% → 1.0%History
  3. FLOFlowers Foods Inc
    +0.67 pp0.0% → 0.7%History
  4. Columbia ETF Tr I19761L748
    +0.59 pp0.7% → 1.2%
  5. MATMattel Inc
    +0.43 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HOGHarley-Davidson, Inc.
    −$23.3MReducedHistory
  2. CNCCentene Corp
    −$15.8MReducedHistory
  3. PDSPrecision Drilling Corp
    −$14.9MSold outHistory
  4. Columbia ETF Tr I19761L508
    −$13.7MReduced
  5. WBDWarner Bros. Discovery, Inc.
    −$13.7MReducedHistory

Largest weight decreases

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

  1. HOGHarley-Davidson, Inc.
    −0.86 pp2.2% → 1.4%History
  2. WBDWarner Bros. Discovery, Inc.
    −0.80 pp1.5% → 0.7%History
  3. PDSPrecision Drilling Corp
    −0.73 pp0.7% → 0.0%History
  4. Columbia ETF Tr I19761L508
    −0.67 pp0.7% → 0.1%
  5. NSPInsperity, Inc.
    −0.63 pp0.6% → 0.0%History

Metrics

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

Portfolio value
$2.35B
+$295.3M (+14.4%) vs. prior quarter
Positions
571
+34 vs. prior quarter
Top 10 concentration
23.9%
Top 10 as share of value
Turnover
8.3%
Q2 2026, one quarter
Average holding period
10.7 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 (Q1 2023), so positions held before then are understated.

13F filings by quarter

14 quarters, going back to Q1 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.35B (Q2 2026)

Q1 2023: $654.1MQ2 2023: $1.02BQ3 2023: $1.04BQ4 2023: $1.19BQ1 2024: $1.28BQ2 2024: $1.35BQ3 2024: $1.45BQ4 2024: $1.53BQ1 2025: $1.56BQ2 2025: $1.70BQ3 2025: $1.92BQ4 2025: $2.01BQ1 2026: $2.05BQ2 2026: $2.35B
Q1 2023Q2 2026
13F filings of Pine Valley Investments Ltd Liability Co by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 2026571$2.35BSPYAAPLNVDAvs. Q1 2026SEC
Q1 2026Jun 8, 2026537$2.05BSPYAAPLNVDAvs. Q4 2025SEC
Q4 2025Feb 13, 2026518$2.01BSPYWBDAAPLvs. Q3 2025SEC
Q3 2025Feb 17, 2026519$1.92BSPYWBDAAPLvs. Q2 2025SEC
Q2 2025Feb 17, 2026510$1.70BSPYNVDAAAPLvs. Q1 2025SEC
Q1 2025Feb 17, 2026500$1.56BSPYAAPLMSFTvs. Q4 2024SEC
Q4 2024Feb 4, 2025479$1.53BSPYAAPLFirst Tr Exchng Traded FD VIvs. Q3 2024SEC
Q3 2024Nov 25, 2024474$1.45BSPYFirst Tr Exchng Traded FD VIAAPLvs. Q2 2024SEC
Q2 2024Jul 30, 2024448$1.35BSPYFirst Tr Exchng Traded FD VIAAPLvs. Q1 2024SEC
Q1 2024May 8, 2024449$1.28BSPYFirst Tr Exchng Traded FD VIAAPLvs. Q4 2023SEC
Q4 2023Feb 14, 2024Amended453$1.19BSPYAAPLFirst Tr Exchng Traded FD VIvs. Q3 2023SEC
Q3 2023Nov 8, 2023438$1.04BSPYAAPLFirst Tr Exchng Traded FD VIvs. Q2 2023SEC
Q2 2023Aug 14, 2023400$1.02BSPYAAPLFirst Tr Exchng Traded FD VIvs. Q1 2023SEC
Q1 2023May 15, 2023297$654.1MSPYFirst Tr Exchng Traded FD VIAAPL–SEC