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Livermore
Livermore
ZHEN

Two West Capital Advisors LLC

SEC CIK
0002026617
Latest filing
Jul 22, 2026

The latest 13F from Two West Capital Advisors LLC covers Q2 2026 (filed Jul 22, 2026): 101 long positions worth $201.2M. The top 10 holdings make up 61.1% of the portfolio, and the largest is Dimensional ETF Trust at 20.2%. Livermore has 9 filings on Form 13F from this institution, going back to Q2 2024.

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
14
Est. +$5.88M
Added
39
Est. +$12.2M
Reduced
43
Est. −$6.43M
Sold out
9
Est. −$3.61M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V104
    20.2%$40.6M
  2. Vanguard Scottsdale FDS92206C565
    9.0%$18.1M
  3. Dimensional U.S. Core Equity 2 ETF25434V708
    7.4%$14.9M
  4. Dimensional ETF Trust25434V203
    5.6%$11.3M
  5. Schwab US Tips ETF808524870
    5.0%$10.0M

Share of portfolio

Top 5 holdings and the other 96 positions, by share of portfolio value

  1. Dimensional ETF Trust20.2%
  2. Vanguard Scottsdale FDS9.0%
  3. Dimensional U.S. Core Equity 2 ETF7.4%
  4. Dimensional ETF Trust5.6%
  5. Schwab US Tips ETF5.0%
  6. Other 96 positions52.8%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$3.78MAdded
  2. iShares Tr46434V613
    +$1.96MAdded
  3. BlackRock ETF Trust09290C665
    +$928.3KNew
  4. BlackRock ETF Trust09290C764
    +$905.8KNew
  5. Vanguard Scottsdale FDS92206C565
    +$859.3KAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +1.82 pp2.9% → 4.7%
  2. iShares Tr46434V613
    +0.82 pp2.1% → 2.9%
  3. BlackRock ETF Trust09290C665
    +0.46 pp0.0% → 0.5%
  4. BlackRock ETF Trust09290C764
    +0.45 pp0.0% → 0.5%
  5. BlackRock ETF Trust II092528835
    +0.35 pp0.0% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Quality Factor ETF46432F339
    −$1.07MReduced
  2. iShares Tr46435G672
    −$1.05MSold out
  3. iShares Tr464288877
    −$841.9KReduced
  4. iShares Tr46434V860
    −$639.1KReduced
  5. Dimensional Emerging Core Equity Market ETF25434V302
    −$472.7KReduced

Largest weight decreases

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

  1. iShares Tr46435G672
    −0.56 pp0.6% → 0.0%
  2. iShares MSCI USA Quality Factor ETF46432F339
    −0.54 pp0.7% → 0.1%
  3. iShares Tr464288877
    −0.45 pp1.0% → 0.5%
  4. Dimensional Emerging Core Equity Market ETF25434V302
    −0.42 pp3.0% → 2.6%
  5. Dimensional ETF Trust25434V104
    −0.41 pp20.6% → 20.2%

Metrics

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

Portfolio value
$201.2M
+$12.4M (+6.6%) vs. prior quarter
Positions
101
+5 vs. prior quarter
Top 10 concentration
61.1%
Top 10 as share of value
Turnover
5.1%
Q2 2026, one quarter
Average holding period
8.2 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 (Q2 2024), so positions held before then are understated.

13F filings by quarter

9 quarters, going back to Q2 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $201.2M (Q2 2026)

Q2 2024: $104.8MQ3 2024: $123.4MQ4 2024: $116.7MQ1 2025: $119.7MQ2 2025: $152.6MQ3 2025: $165.6MQ4 2025: $172.0MQ1 2026: $188.7MQ2 2026: $201.2M
Q2 2024Q2 2026
13F filings of Two West Capital Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026101$201.2MDimensional ETF TrustVanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFvs. Q1 2026SEC
Q1 2026May 4, 202696$188.7MDimensional ETF TrustVanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFvs. Q4 2025SEC
Q4 2025Jan 13, 202696$172.0MDimensional ETF TrustVanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFvs. Q3 2025SEC
Q3 2025Nov 6, 202597$165.6MDimensional ETF TrustVanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFvs. Q2 2025SEC
Q2 2025Jul 29, 202591$152.6MDimensional ETF TrustVanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFvs. Q1 2025SEC
Q1 2025Apr 15, 202579$119.7MDimensional ETF TrustVanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFvs. Q4 2024SEC
Q4 2024Jan 22, 202572$116.7MDimensional ETF TrustVanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETFvs. Q3 2024SEC
Q3 2024Oct 15, 202469$123.4MDimensional ETF TrustVanguard Scottsdale FDSDimensional ETF Trustvs. Q2 2024SEC
Q2 2024Aug 7, 202466$104.8MDimensional ETF TrustVanguard Scottsdale FDSDimensional U.S. Core Equity 2 ETF–SEC