Bakala Capital Management LLC
- SEC CIK
- 0001976751
- Latest filing
- Aug 14, 2026
The latest 13F from Bakala Capital Management LLC covers Q2 2026 (filed Aug 14, 2026): 11 long positions worth $22.8M. The top 10 holdings make up 97.6% of the portfolio, and the largest is Vanguard Ftse Developed Markets ETF at 29.0%. Livermore has 16 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.
- New
- 0
- Added
- 9
- Est. +$236.5K
- Reduced
- 0
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Ftse Developed Markets ETF92194385829.0%$6.62M
- Vanguard S&P 500 ETF92290836317.8%$4.06M
- Vanguard Ftse Emerging Markets ETF9220428589.2%$2.09M
- iShares Tr4642876898.2%$1.88M
- iShares Core U.S. Aggregate Bond ETF4642872267.4%$1.70M
Biggest buys
New and added positions, by estimated amount bought
- iShares Tr46434V407+$45.2KAdded
- Vanguard Scottsdale FDS92206C409+$40.0KAdded
- iShares Core U.S. Aggregate Bond ETF464287226+$38.5KAdded
- Vanguard Ftse Developed Markets ETF921943858+$35.1KAdded
- Schwab US Tips ETF808524870+$33.5KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard S&P 500 ETF922908363+0.85 pp16.9% → 17.8%
- Vanguard Ftse Developed Markets ETF921943858+0.52 pp28.5% → 29.0%
- Vanguard Morningstar Small-Cap ETF922908751+0.13 pp2.3% → 2.4%
- Vanguard Ftse Emerging Markets ETF922042858+0.07 pp9.1% → 9.2%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
None this quarter.
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
None this quarter.
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $22.8M
- +$2.03M (+9.8%) vs. prior quarter
- Positions
- 11
- 0 vs. prior quarter
- Top 10 concentration
- 97.6%
- Top 10 as share of value
- Turnover
- 0.0%
- Q2 2026, one quarter
- Average holding period
- 10.3 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 $22.8M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | 11 | $22.8M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 14, 2026 | 11 | $20.8M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 13, 2026 | 11 | $21.1M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFiShares Tr | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 14, 2025 | 10 | $18.5M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 14, 2025 | 10 | $17.4M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETF | vs. Q1 2025 | SEC |
| Q1 2025 | May 14, 2025 | 10 | $17.4M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 14, 2025 | 11 | $16.6M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFiShares Tr | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 13, 2024 | 10 | $15.0M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 14, 2024 | 10 | $13.9M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETF | vs. Q1 2024 | SEC |
| Q1 2024 | Jun 13, 2024Amended | 10 | $11.6M | Vanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Jun 13, 2024Amended | 10 | $7.29M | iShares TrVanguard Ftse Developed Markets ETFVanguard S&P 500 ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 14, 2023 | 0 | $0 | – | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 14, 2023 | 0 | $0 | – | vs. Q1 2023 | SEC |
| Q1 2023 | May 15, 2023 | 0 | $0 | – | – | SEC |