Skip to main content
Livermore
Livermore
ZHEN

Peirce Capital Management, LLC

SEC CIK
0002008166
Latest filing
Jul 10, 2026

The latest 13F from Peirce Capital Management, LLC covers Q2 2026 (filed Jul 10, 2026): 45 long positions worth $272.7M. The top 10 holdings make up 79.1% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 12.1%. Livermore has 12 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
2
Est. +$420.6K
Added
10
Est. +$24.9M
Reduced
25
Est. −$32.8M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    12.1%$33.1M
  2. Ea Series Trust02072L532
    10.4%$28.4M
  3. iShares Tr464287150
    10.1%$27.4M
  4. American Centy ETF Tr025072877
    9.9%$27.0M
  5. American Centy ETF Tr025072802
    8.4%$23.0M

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072877
    +$22.3MAdded
  2. iShares Tr464287150
    +$1.24MAdded
  3. iShares Tr46435G326
    +$1.02MAdded
  4. ABBVAbbVie Inc.
    +$219.8KNewHistory
  5. MUMicron Technology Inc
    +$200.8KNewHistory

Largest weight increases

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

  1. American Centy ETF Tr025072877
    +8.29 pp1.6% → 9.9%
  2. iShares Tr464287150
    +1.17 pp8.9% → 10.1%
  3. iShares Tr46435G326
    +0.36 pp5.8% → 6.2%
  4. ABBVAbbVie Inc.
    +0.08 pp0.0% → 0.1%History
  5. MUMicron Technology Inc
    +0.07 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Ea Series Trust02072L532
    −$24.7MReduced
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    −$2.36MReduced
  3. Dimensional ETF Trust25434V807
    −$1.35MReduced
  4. Dimensional ETF Trust25434V724
    −$877.9KReduced
  5. Dimensional ETF Trust25434V732
    −$719.1KReduced

Largest weight decreases

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

  1. Ea Series Trust02072L532
    −7.62 pp18.0% → 10.4%
  2. Dimensional ETF Trust25434V807
    −0.76 pp6.6% → 5.9%
  3. Vanguard Scottsdale FDS92206C706
    −0.53 pp6.2% → 5.7%
  4. Dimensional ETF Trust25434V864
    −0.32 pp3.7% → 3.4%
  5. Vanguard Malvern FDS922020805
    −0.22 pp2.6% → 2.4%

Metrics

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

Portfolio value
$272.7M
+$17.1M (+6.7%) vs. prior quarter
Positions
45
+2 vs. prior quarter
Top 10 concentration
79.1%
Top 10 as share of value
Turnover
9.6%
Q2 2026, one quarter
Average holding period
10.8 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 $272.7M (Q2 2026)

Q4 2023: $165.6MQ1 2024: $182.2MQ2 2024: $188.9MQ3 2024: $199.2MQ4 2024: $194.9MQ1 2025: $202.1MQ2 2025: $225.6MQ3 2025: $240.6MQ4 2025: $251.2MQ1 2026: $255.7MQ2 2026: $272.7M
Q4 2023Q2 2026
13F filings of Peirce Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 202645$272.7MDimensional U.S. Core Equity 2 ETFEa Series TrustiShares Trvs. Q1 2026SEC
Q1 2026Apr 20, 202643$255.7MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q4 2025SEC
Q4 2025Feb 6, 202643$251.2MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q3 2025SEC
Q3 2025Oct 6, 202540$240.6MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q2 2025SEC
Q2 2025Jul 8, 202545$225.6MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q1 2025SEC
Q1 2025May 1, 202535$202.1MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q4 2024SEC
Q4 2024Jan 2, 202535$194.9MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q3 2024SEC
Q3 2024Oct 9, 202435$199.2MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q2 2024SEC
Q2 2024Jul 3, 202437$188.9MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q1 2024SEC
Q1 2024Apr 2, 202440$182.2MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Trvs. Q4 2023SEC
Q4 2023Jan 30, 2024Amended38$165.6MEa Series TrustDimensional U.S. Core Equity 2 ETFiShares Tr–SEC