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Livermore
Livermore
ZHEN

Kitching Partners, LLC

SEC CIK
0002010145
Latest filing
Jul 30, 2026

The latest 13F from Kitching Partners, LLC covers Q2 2026 (filed Jul 30, 2026): 40 long positions worth $116.4M. The top 10 holdings make up 82.0% of the portfolio, and the largest is Vanguard Dividend Appreciation ETF at 15.4%. 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
6
Est. +$1.27M
Added
22
Est. +$4.84M
Reduced
5
Est. −$1.68M
Sold out
6
Est. −$2.06M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Dividend Appreciation ETF921908844
    15.4%$18.0M
  2. Vanguard Ftse Developed Markets ETF921943858
    12.3%$14.3M
  3. Vanguard BD Index FDS92203C303
    10.6%$12.3M
  4. SPDR Series Trust78464A763
    8.7%$10.1M
  5. iShares Tr46434V407
    8.4%$9.72M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Inc464286517
    +$818.0KAdded
  2. Vanguard Morningstar Value ETF922908744
    +$721.3KAdded
  3. Vanguard Morningstar Small-Cap ETF922908751
    +$615.6KAdded
  4. Vanguard BD Index FDS92203C303
    +$435.7KAdded
  5. Vanguard Ftse Emerging Markets ETF922042858
    +$288.7KAdded

Largest weight increases

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

  1. Vanguard Morningstar Value ETF922908744
    +0.72 pp2.6% → 3.3%
  2. Vanguard Morningstar Small-Cap ETF922908751
    +0.69 pp2.0% → 2.7%
  3. Vanguard Ftse Developed Markets ETF921943858
    +0.68 pp11.6% → 12.3%
  4. iShares Inc464286517
    +0.66 pp1.3% → 2.0%
  5. Vanguard Dividend Appreciation ETF921908844
    +0.48 pp14.9% → 15.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Emerging Markets Government Bond ETF921946885
    −$699.4KReduced
  2. Vanguard Morningstar Growth ETF922908736
    −$599.1KSold outConverted for a 6-for-1 split
  3. Vanguard S&P 500 ETF922908363
    −$592.7KReduced
  4. RIORio Tinto PLC
    −$466.4KSold outHistory
  5. METAMeta Platforms, Inc.
    −$342.1KSold outHistory

Largest weight decreases

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

  1. Vanguard Emerging Markets Government Bond ETF921946885
    −0.82 pp4.9% → 4.1%
  2. Vanguard Morningstar Growth ETF922908736
    −0.55 pp0.6% → 0.0%
  3. RIORio Tinto PLC
    −0.43 pp0.4% → 0.0%History
  4. METAMeta Platforms, Inc.
    −0.31 pp0.3% → 0.0%History
  5. SLViShares Silver Trust
    −0.22 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$116.4M
+$7.69M (+7.1%) vs. prior quarter
Positions
40
0 vs. prior quarter
Top 10 concentration
82.0%
Top 10 as share of value
Turnover
3.3%
Q2 2026, one quarter
Average holding period
10.2 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 $116.4M (Q2 2026)

Q4 2023: $49.7MQ1 2024: $52.7MQ2 2024: $55.0MQ3 2024: $74.7MQ4 2024: $78.2MQ1 2025: $86.9MQ2 2025: $98.5MQ3 2025: $105.9MQ4 2025: $109.6MQ1 2026: $108.7MQ2 2026: $116.4M
Q4 2023Q2 2026
13F filings of Kitching Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 202640$116.4MVanguard Dividend Appreciation ETFVanguard Ftse Developed Markets ETFVanguard BD Index FDSvs. Q1 2026SEC
Q1 2026May 6, 202640$108.7MVanguard Dividend Appreciation ETFVanguard Ftse Developed Markets ETFVanguard BD Index FDSvs. Q4 2025SEC
Q4 2025Feb 18, 202642$109.6MVanguard Dividend Appreciation ETFVanguard Ftse Developed Markets ETFVanguard BD Index FDSvs. Q3 2025SEC
Q3 2025Nov 14, 202539$105.9MVanguard Dividend Appreciation ETFVanguard Ftse Developed Markets ETFSPDR Series Trustvs. Q2 2025SEC
Q2 2025Aug 14, 202535$98.5MVanguard Dividend Appreciation ETFVanguard Ftse Developed Markets ETFVanguard BD Index FDSvs. Q1 2025SEC
Q1 2025May 14, 202535$86.9MVanguard Dividend Appreciation ETFSPDR Series TrustVanguard BD Index FDSvs. Q4 2024SEC
Q4 2024Feb 14, 202532$78.2MVanguard Dividend Appreciation ETFVanguard BD Index FDSiShares Trvs. Q3 2024SEC
Q3 2024Nov 14, 202428$74.7MVanguard Dividend Appreciation ETFVanguard BD Index FDSiShares Trvs. Q2 2024SEC
Q2 2024Aug 15, 202420$55.0MVanguard Dividend Appreciation ETFVanguard Ftse Developed Markets ETFiShares Trvs. Q1 2024SEC
Q1 2024May 15, 202418$52.7MVanguard Dividend Appreciation ETFVanguard Ftse Developed Markets ETFiShares Trvs. Q4 2023SEC
Q4 2023Feb 14, 202417$49.7MVanguard Dividend Appreciation ETFVanguard Ftse Developed Markets ETFiShares Tr–SEC