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Livermore
Livermore
ZHEN

True Vision MN LLC

SEC CIK
0002013460
Latest filing
Apr 16, 2026

The latest 13F from True Vision MN LLC covers Q1 2026 (filed Apr 16, 2026): 98 long positions worth $193.9M. The top 10 holdings make up 49.9% of the portfolio, and the largest is iShares Tr at 8.8%. Livermore has 10 filings on Form 13F from this institution, going back to Q4 2023.

What changed in Q1 2026

Share counts compared with Q4 2025: 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. +$16.3M
Added
48
Est. +$24.4M
Reduced
28
Est. −$10.8M
Sold out
31
Est. −$30.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr46434V613
    8.8%$17.1M
  2. iShares Core S&P 500 ETF464287200
    8.1%$15.7M
  3. iShares S&P 500 Value ETF464287408
    5.4%$10.4M
  4. iShares S&P 500 Growth ETF464287309
    4.9%$9.60M
  5. BlackRock ETF Trust09290C103
    4.9%$9.59M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares U.S. Treasury Bond ETF46429B267
    +$5.33MAdded
  2. iShares Tr464288885
    +$4.50MAdded
  3. iShares Core S&P 500 ETF464287200
    +$3.89MAdded
  4. BlackRock ETF Trust09290C855
    +$3.35MNew
  5. BlackRock ETF Trust09290C699
    +$2.88MNew

Largest weight increases

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

  1. iShares U.S. Treasury Bond ETF46429B267
    +2.75 pp0.5% → 3.3%
  2. iShares Tr464288885
    +2.32 pp0.3% → 2.6%
  3. iShares Core S&P 500 ETF464287200
    +1.80 pp6.3% → 8.1%
  4. BlackRock ETF Trust09290C855
    +1.73 pp0.0% → 1.7%
  5. BlackRock ETF Trust09290C699
    +1.48 pp0.0% → 1.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares S&P 100 ETF464287101
    −$7.63MSold out
  2. ETF Ser Solutions26922A222
    −$2.44MSold out
  3. IAUiShares Gold Trust
    −$2.01MReducedHistory
  4. ETF Ser Solutions26922A388
    −$1.82MSold out
  5. iShares Tr464288760
    −$1.61MReduced

Largest weight decreases

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

  1. iShares S&P 100 ETF464287101
    −3.88 pp3.9% → 0.0%
  2. ETF Ser Solutions26922A222
    −1.24 pp1.2% → 0.0%
  3. ETF Ser Solutions26922A388
    −0.92 pp0.9% → 0.0%
  4. IAUiShares Gold Trust
    −0.88 pp1.5% → 0.6%History
  5. iShares Tr464288760
    −0.80 pp0.9% → 0.1%

Metrics

13F metrics for Q1 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$193.9M
−$2.87M (−1.5%) vs. prior quarter
Positions
98
−13 vs. prior quarter
Top 10 concentration
49.9%
Top 10 as share of value
Turnover
20.8%
Q1 2026, one quarter
Average holding period
8.0 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

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

Peak $196.8M (Q4 2025)

Q4 2023: $124.4MQ1 2024: $142.0MQ2 2024: $154.0MQ3 2024: $167.2MQ4 2024: $168.5MQ1 2025: $167.0MQ2 2025: $180.8MQ3 2025: $191.9MQ4 2025: $196.8MQ1 2026: $193.9M
Q4 2023Q1 2026
13F filings of True Vision MN LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2026Apr 16, 202698$193.9MiShares TriShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q4 2025SEC
Q4 2025Jan 14, 2026111$196.8MiShares TriShares Core S&P 500 ETFBlackRock ETF Trustvs. Q3 2025SEC
Q3 2025Oct 28, 2025108$191.9MiShares TriShares Core S&P 500 ETFBlackRock ETF Trustvs. Q2 2025SEC
Q2 2025Jul 23, 2025103$180.8MiShares TriShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFvs. Q1 2025SEC
Q1 2025Apr 30, 2025101$167.0MiShares TriShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Jan 29, 202598$168.5MiShares Core S&P 500 ETFiShares TriShares S&P 500 Growth ETFvs. Q3 2024SEC
Q3 2024Nov 13, 202498$167.2MiShares TriShares Core S&P 500 ETFiShares S&P 500 Growth ETFvs. Q2 2024SEC
Q2 2024Aug 12, 2024103$154.0MiShares Core S&P 500 ETFiShares TriShares S&P 500 Growth ETFvs. Q1 2024SEC
Q1 2024Apr 30, 202491$142.0MiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q4 2023SEC
Q4 2023Mar 5, 202486$124.4MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Total Stock Market ETF–SEC