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Livermore
Livermore
ZHEN

Bear Mountain Capital, Inc.

SEC CIK
0002009419
Latest filing
Jul 20, 2026

The latest 13F from Bear Mountain Capital, Inc. covers Q2 2026 (filed Jul 20, 2026): 214 long positions worth $345.2M. The top 10 holdings make up 79.8% of the portfolio, and the largest is Vanguard Morningstar Mid-Cap ETF at 15.7%. 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
24
Est. +$38.7K
Added
47
Est. +$7.35M
Reduced
16
Est. −$2.27M
Sold out
8
Est. −$177.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Mid-Cap ETF922908629
    15.7%$54.1M
  2. Vanguard S&P 500 ETF922908363
    12.1%$41.9M
  3. iShares Tr464288158
    8.7%$30.0M
  4. Vanguard Ftse Developed Markets ETF921943858
    8.6%$29.7M
  5. iShares Tr464288273
    8.3%$28.6M

Share of portfolio

Top 5 holdings and the other 209 positions, by share of portfolio value

  1. Vanguard Morningstar Mid-Cap ETF15.7%
  2. Vanguard S&P 500 ETF12.1%
  3. iShares Tr8.7%
  4. Vanguard Ftse Developed Markets ETF8.6%
  5. iShares Tr8.3%
  6. Other 209 positions46.6%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288158
    +$2.49MAdded
  2. Vanguard Morningstar Mid-Cap ETF922908629
    +$1.05MAddedConverted for a 4-for-1 split
  3. iShares Tr464288273
    +$842.8KAdded
  4. Vanguard S&P 500 ETF922908363
    +$533.5KAdded
  5. Vanguard Scottsdale FDS92206C102
    +$501.6KAdded

Largest weight increases

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

  1. Vanguard Morningstar Mid-Cap ETF922908629
    +0.46 pp15.2% → 15.7%
  2. Vanguard S&P 500 ETF922908363
    +0.41 pp11.7% → 12.1%
  3. iShares Tr464288158
    +0.38 pp8.3% → 8.7%
  4. iShares Tr464288802
    +0.10 pp1.7% → 1.8%
  5. GOOGAlphabet Inc.
    +0.05 pp0.1% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BKNGBooking Holdings Inc.
    −$1.47MReducedConverted for a 25-for-1 splitHistory
  2. Vanguard Mun BD FDS922907746
    −$226.1KReduced
  3. Vanguard Scottsdale FDS92206C409
    −$194.1KReduced
  4. iShares Tr464288414
    −$160.4KReduced
  5. iShares Tr464287788
    −$151.0KSold out

Largest weight decreases

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

  1. Vanguard Scottsdale FDS92206C409
    −0.39 pp7.1% → 6.7%
  2. Vanguard Mun BD FDS922907746
    −0.12 pp1.5% → 1.3%
  3. iShares Tr464288414
    −0.07 pp0.1% → <0.1%
  4. MSFTMicrosoft Corp
    −0.05 pp0.4% → 0.3%History
  5. iShares Tr464287788
    −0.05 pp<0.1% → 0.0%

Metrics

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

Portfolio value
$345.2M
+$12.6M (+3.8%) vs. prior quarter
Positions
214
+16 vs. prior quarter
Top 10 concentration
79.8%
Top 10 as share of value
Turnover
0.7%
Q2 2026, one quarter
Average holding period
9.6 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 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 $345.2M (Q2 2026)

Q4 2023: $237.9MQ1 2024: $232.0MQ2 2024: $245.8MQ3 2024: $253.3MQ4 2024: $256.9MQ1 2025: $258.7MQ2 2025: $279.1MQ3 2025: $298.6MQ4 2025: $309.8MQ1 2026: $332.6MQ2 2026: $345.2M
Q4 2023Q2 2026
13F filings of Bear Mountain Capital, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026214$345.2MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q1 2026SEC
Q1 2026May 12, 2026198$332.6MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2025SEC
Q4 2025Jan 22, 2026199$309.8MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2025SEC
Q3 2025Nov 12, 2025323$298.6MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q2 2025SEC
Q2 2025Jul 23, 2025182$279.1MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q1 2025SEC
Q1 2025May 2, 2025344$258.7MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q4 2024SEC
Q4 2024Feb 3, 2025175$256.9MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q3 2024SEC
Q3 2024Oct 29, 2024175$253.3MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q2 2024SEC
Q2 2024Jul 23, 2024182$245.8MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q1 2024SEC
Q1 2024Apr 25, 2024224$232.0MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Trvs. Q4 2023SEC
Q4 2023Jan 30, 2024235$237.9MVanguard Morningstar Mid-Cap ETFVanguard S&P 500 ETFiShares Tr–SEC