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Livermore
Livermore
ZHEN

CAP Partners, LLC

SEC CIK
0002006870
Latest filing
Jul 30, 2026

The latest 13F from CAP Partners, LLC covers Q2 2026 (filed Jul 30, 2026): 155 long positions worth $204.4M. The top 10 holdings make up 35.9% of the portfolio, and the largest is Invesco Nasdaq 100 ETF at 8.0%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 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
18
Est. +$11.7M
Added
74
Est. +$11.1M
Reduced
55
Est. −$10.7M
Sold out
9
Est. −$4.79M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco Nasdaq 100 ETF46138G649
    8.0%$16.4M
  2. Schwab U.S. Large-Cap ETF808524201
    6.3%$12.8M
  3. TSLATesla, Inc.
    4.3%$8.87MHistory
  4. NVDANVIDIA Corp
    3.0%$6.05MHistory
  5. American Centy ETF Tr025072323
    2.8%$5.76M

Biggest buys

New and added positions, by estimated amount bought

  1. Morgan Stanley ETF Trust61774R841
    +$3.34MNew
  2. American Centy ETF Tr025072604
    +$2.39MAdded
  3. American Centy ETF Tr025072562
    +$2.23MNew
  4. American Centy ETF Tr025072323
    +$941.2KAdded
  5. American Centy ETF Tr025072703
    +$885.0KAdded

Largest weight increases

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

  1. Morgan Stanley ETF Trust61774R841
    +1.64 pp0.0% → 1.6%
  2. American Centy ETF Tr025072604
    +1.22 pp1.4% → 2.7%
  3. American Centy ETF Tr025072562
    +1.09 pp0.0% → 1.1%
  4. Invesco Nasdaq 100 ETF46138G649
    +0.86 pp7.2% → 8.0%
  5. American Centy ETF Tr025072323
    +0.51 pp2.3% → 2.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −$3.20MReduced
  2. State Street Real Estate Select Sector SPDR ETF81369Y860
    −$1.71MReduced
  3. iShares Broad Usd Investment Grade Corporate Bond ETF464288620
    −$1.03MSold out
  4. Vanguard Morningstar Mid-Cap ETF922908629
    −$988.6KReducedConverted for a 4-for-1 split
  5. American Centy ETF Tr025072802
    −$931.2KSold out

Largest weight decreases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −1.84 pp2.0% → 0.2%
  2. State Street Real Estate Select Sector SPDR ETF81369Y860
    −1.00 pp2.4% → 1.4%
  3. MSTRStrategy Inc
    −0.86 pp1.5% → 0.6%History
  4. iShares Broad Usd Investment Grade Corporate Bond ETF464288620
    −0.58 pp0.6% → 0.0%
  5. iShares Tr464288588
    −0.57 pp0.9% → 0.3%

Metrics

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

Portfolio value
$204.4M
+$27.4M (+15.5%) vs. prior quarter
Positions
155
+9 vs. prior quarter
Top 10 concentration
35.9%
Top 10 as share of value
Turnover
8.1%
Q2 2026, one quarter
Average holding period
9.3 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 (Q4 2023), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $204.4M (Q2 2026)

Q4 2023: $101.1MQ1 2024: $113.3MQ2 2024: $123.1MQ3 2024: $133.9MQ4 2024: $141.9MQ1 2025: $137.8MQ2 2025: $158.9MQ3 2025: $176.2MQ4 2025: $176.5MQ1 2026: $177.1MQ2 2026: $204.4M
Q4 2023Q2 2026
13F filings of CAP Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 2026155$204.4MInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFTSLAvs. Q1 2026SEC
Q1 2026Apr 28, 2026146$177.1MInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFTSLAvs. Q4 2025SEC
Q4 2025Feb 4, 2026143$176.5MInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFTSLAvs. Q3 2025SEC
Q3 2025Oct 29, 2025146$176.2MInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFTSLAvs. Q2 2025SEC
Q2 2025Jul 31, 2025138$158.9MInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFTSLAvs. Q1 2025SEC
Q1 2025May 8, 2025129$137.8MInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFTSLAvs. Q4 2024SEC
Q4 2024Jan 29, 2025133$141.9MSchwab U.S. Large-Cap ETFTSLAVanguard Morningstar Mid-Cap ETFvs. Q3 2024SEC
Q3 2024Nov 7, 2024130$133.9MSchwab U.S. Large-Cap ETFVanguard Morningstar Mid-Cap ETFDirexion Shares ETF Trustvs. Q2 2024SEC
Q2 2024Jul 19, 2024126$123.1MSchwab U.S. Large-Cap ETFVanguard Morningstar Mid-Cap ETFNVDAvs. Q1 2024SEC
Q1 2024Apr 18, 2024120$113.3MSchwab U.S. Large-Cap ETFVanguard Morningstar Mid-Cap ETFDirexion Shares ETF Trustvs. Q4 2023SEC
Q4 2023Feb 12, 2024104$101.1MSchwab U.S. Large-Cap ETFVanguard Morningstar Mid-Cap ETFDirexion Shares ETF Trust–SEC