McCarthy & Cox
- SEC CIK
- 0002020726
- Latest filing
- Jan 23, 2026
The latest 13F from McCarthy & Cox covers Q4 2025 (filed Jan 23, 2026): 18 long positions worth $8.25M. The top 10 holdings make up 74.5% of the portfolio, and the largest is Ea Series Trust at 19.6%. Livermore has 8 filings on Form 13F from this institution, going back to Q1 2024.
What changed in Q4 2025
Share counts compared with Q3 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.
- New
- 1
- Est. +$205.6K
- Added
- 0
- Reduced
- 17
- Est. −$357.9M
- Sold out
- 54
- Est. −$67.2M
Top 5 holdings
Share of this quarter's portfolio value
- Ea Series Trust02072Q77019.6%$1.62M
- MFS Active Exchange Traded F55286W2079.8%$811.6K
- J P Morgan Exchange Traded F46641Q6707.9%$651.1K
- T Rowe Price Exchange-Traded87283Q8677.4%$608.1K
- Vanguard Dividend Appreciation ETF9219088446.0%$497.4K
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Ea Series Trust02072Q770−$98.2MReduced
- MFS Active Exchange Traded F55286W207−$55.5MReduced
- T Rowe Price Exchange-Traded87283Q867−$38.8MReduced
- J P Morgan Exchange Traded F46641Q670−$29.3MReduced
- First Tr Exchange-Traded FD33733E732−$25.8MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Ea Series Trust02072Q770−4.72 pp24.3% → 19.6%
- MFS Active Exchange Traded F55286W207−2.94 pp12.8% → 9.8%
- T Rowe Price Exchange-Traded87283Q867−1.51 pp8.9% → 7.4%
- Invesco Exch TRD SLF Idx FD46138J825−1.30 pp1.3% → 0.0%
- J P Morgan Exchange Traded F46641Q159−1.27 pp1.3% → 0.0%
Metrics
13F metrics for Q4 2025, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $8.25M
- −$430.1M (−98.1%) vs. prior quarter
- Positions
- 18
- −53 vs. prior quarter
- Top 10 concentration
- 74.5%
- Top 10 as share of value
- Turnover
- 0.1%
- Q4 2025, one quarter
- Average holding period
- 5.8 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 (Q1 2024), so positions held before then are understated.
13F filings by quarter
8 quarters, going back to Q1 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $438.3M (Q3 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2025 | Jan 23, 2026 | 18 | $8.25M | Ea Series TrustMFS Active Exchange Traded FJ P Morgan Exchange Traded F | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 14, 2025 | 71 | $438.3M | Ea Series TrustMFS Active Exchange Traded FT Rowe Price Exchange-Traded | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 15, 2025 | 67 | $381.8M | Ea Series TrustMFS Active Exchange Traded FT Rowe Price Exchange-Traded | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 14, 2025 | 61 | $229.7M | T Rowe Price Exchange-TradedJ P Morgan Exchange Traded FMFS Active Exchange Traded F | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 16, 2025 | 63 | $288.2M | T Rowe Price Exchange-TradedJ P Morgan Exchange Traded FFirst Tr Exchng Traded FD VI | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 10, 2024 | 56 | $260.9M | J P Morgan Exchange Traded FVanguard Dividend Appreciation ETFFirst Tr Exchng Traded FD VI | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 23, 2024 | 51 | $260.5M | J P Morgan Exchange Traded FVanguard Dividend Appreciation ETFFirst Tr Exchng Traded FD VI | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 30, 2024 | 49 | $264.8M | J P Morgan Exchange Traded FVanguard Dividend Appreciation ETFFirst Tr Exchng Traded FD VI | – | SEC |