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Livermore
Livermore
ZHEN

Integrated Capital Management, LLC

SEC CIK
0002040070
Latest filing
Jul 31, 2026

The latest 13F from Integrated Capital Management, LLC covers Q2 2026 (filed Jul 31, 2026): 58 long positions worth $277.6M. The top 10 holdings make up 83.1% of the portfolio, and the largest is iShares Core S&P 500 ETF at 14.0%. Livermore has 8 filings on Form 13F from this institution, going back to Q3 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
2
Est. +$427.3K
Added
19
Est. +$6.96M
Reduced
37
Est. −$7.25M
Sold out
6
Est. −$1.53M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    14.0%$39.0M
  2. Invesco Nasdaq 100 ETF46138G649
    12.9%$35.7M
  3. Vanguard World FD921910840
    12.4%$34.4M
  4. Vanguard Morningstar Mid-Cap ETF922908629
    11.2%$31.1M
  5. GOOGLAlphabet Inc.
    7.8%$21.6MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Developed Markets ETF921943858
    +$3.61MAdded
  2. Vanguard Morningstar Mid-Cap ETF922908629
    +$701.1KAddedConverted for a 4-for-1 split
  3. Vanguard World FD921910840
    +$661.5KAdded
  4. iShares Core S&P 500 ETF464287200
    +$514.5KAdded
  5. iShares Tr464288877
    +$461.1KAdded

Largest weight increases

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

  1. iShares Semiconductor ETF464287523
    +1.57 pp2.2% → 3.8%
  2. Invesco Nasdaq 100 ETF46138G649
    +1.06 pp11.8% → 12.9%
  3. Vanguard Ftse Developed Markets ETF921943858
    +1.05 pp5.1% → 6.1%
  4. Invesco Exch Traded FD Tr II46138E214
    +0.42 pp5.5% → 5.9%
  5. Invesco Exchange Traded FD T46137V498
    +0.21 pp3.5% → 3.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DBX ETF Tr233051200
    −$2.63MReduced
  2. iShares Tr464288513
    −$942.8KReduced
  3. GOOGLAlphabet Inc.
    −$424.2KReducedHistory
  4. SPDR Series Trust78468R622
    −$423.1KReduced
  5. Vanguard Morningstar Value ETF922908744
    −$396.9KSold out

Largest weight decreases

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

  1. DBX ETF Tr233051200
    −1.04 pp1.7% → 0.7%
  2. iShares Tr464288513
    −0.43 pp0.6% → 0.2%
  3. SPDR Series Trust78468R622
    −0.19 pp0.3% → 0.1%
  4. Vanguard Morningstar Value ETF922908744
    −0.17 pp0.2% → 0.0%
  5. MSFTMicrosoft Corp
    −0.14 pp0.6% → 0.5%History

Metrics

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

Portfolio value
$277.6M
+$40.5M (+17.1%) vs. prior quarter
Positions
58
−4 vs. prior quarter
Top 10 concentration
83.1%
Top 10 as share of value
Turnover
2.9%
Q2 2026, 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 (Q3 2024), so positions held before then are understated.

13F filings by quarter

8 quarters, going back to Q3 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $277.6M (Q2 2026)

Q3 2024: $188.8MQ4 2024: $188.0MQ1 2025: $181.6MQ2 2025: $208.5MQ3 2025: $227.1MQ4 2025: $232.5MQ1 2026: $237.1MQ2 2026: $277.6M
Q3 2024Q2 2026
13F filings of Integrated Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 202658$277.6MiShares Core S&P 500 ETFInvesco Nasdaq 100 ETFVanguard World FDvs. Q1 2026SEC
Q1 2026Apr 17, 202662$237.1MiShares Core S&P 500 ETFVanguard World FDInvesco Nasdaq 100 ETFvs. Q4 2025SEC
Q4 2025Jan 26, 202657$232.5MiShares Core S&P 500 ETFInvesco Nasdaq 100 ETFVanguard World FDvs. Q3 2025SEC
Q3 2025Nov 13, 202558$227.1MiShares Core S&P 500 ETFInvesco Nasdaq 100 ETFVanguard World FDvs. Q2 2025SEC
Q2 2025Jul 22, 202560$208.5MiShares Core S&P 500 ETFiShares Russell Top 200 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2025SEC
Q1 2025May 5, 202558$181.6MiShares Core S&P 500 ETFiShares Russell Top 200 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2024SEC
Q4 2024Jan 3, 202557$188.0MiShares Core S&P 500 ETFiShares Russell Top 200 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2024SEC
Q3 2024Nov 12, 202459$188.8MiShares Core S&P 500 ETFiShares Russell Top 200 Growth ETFState Street SPDR Portfolio S&P 500 Value ETF–SEC