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Livermore
Livermore
ZHEN

Tepp RIA, LLC

SEC CIK
0002055925
Latest filing
Jul 28, 2026

The latest 13F from Tepp RIA, LLC covers Q2 2026 (filed Jul 28, 2026): 49 long positions worth $147.5M. The top 10 holdings make up 76.1% of the portfolio, and the largest is iShares Core S&P 500 ETF at 17.4%. Livermore has 7 filings on Form 13F from this institution, going back to Q4 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
13
Est. +$17.2M
Added
13
Est. +$8.71M
Reduced
20
Est. −$13.3M
Sold out
5
Est. −$4.58M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    17.4%$25.7M
  2. Vanguard High Dividend Yield Index ETF921946406
    12.0%$17.6M
  3. Invesco QQQ Trust Series I46090E103
    11.8%$17.4M
  4. iShares Semiconductor ETF464287523
    6.3%$9.27M
  5. Fidelity Covington Trust31609A404
    6.3%$9.24M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Semiconductor ETF464287523
    +$9.27MNew
  2. iShares Global Clean Energy ETF464288224
    +$2.58MNew
  3. iShares MSCI India ETF46429B598
    +$2.38MNew
  4. VanEck ETF Trust92189F601
    +$2.23MAdded
  5. iShares Inc46434G848
    +$1.81MAdded

Largest weight increases

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

  1. iShares Semiconductor ETF464287523
    +6.28 pp0.0% → 6.3%
  2. iShares Global Clean Energy ETF464288224
    +1.75 pp0.0% → 1.7%
  3. iShares MSCI India ETF46429B598
    +1.62 pp0.0% → 1.6%
  4. VanEck ETF Trust92189F601
    +1.04 pp1.9% → 3.0%
  5. iShares Inc46434G848
    +0.94 pp2.6% → 3.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$4.03MReduced
  2. State Street Health Care Select Sector SPDR ETF81369Y209
    −$2.68MSold out
  3. SPYSPDR S&P 500 ETF Trust
    −$2.58MReducedHistory
  4. Vanguard High Dividend Yield Index ETF921946406
    −$1.98MReduced
  5. iShares Tr464288760
    −$1.70MReduced

Largest weight decreases

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

  1. Vanguard High Dividend Yield Index ETF921946406
    −2.44 pp14.4% → 12.0%
  2. State Street Health Care Select Sector SPDR ETF81369Y209
    −2.10 pp2.1% → 0.0%
  3. GLDSPDR Gold Trust
    −2.02 pp7.6% → 5.6%History
  4. SPYSPDR S&P 500 ETF Trust
    −1.76 pp2.6% → 0.8%History
  5. Invesco QQQ Trust Series I46090E103
    −1.35 pp13.2% → 11.8%

Metrics

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

Portfolio value
$147.5M
+$19.8M (+15.5%) vs. prior quarter
Positions
49
+8 vs. prior quarter
Top 10 concentration
76.1%
Top 10 as share of value
Turnover
13.0%
Q2 2026, one quarter
Average holding period
4.7 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 2024), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $147.5M (Q2 2026)

Q4 2024: $67.6MQ1 2025: $73.6MQ2 2025: $77.5MQ3 2025: $88.1MQ4 2025: $101.0MQ1 2026: $127.7MQ2 2026: $147.5M
Q4 2024Q2 2026
13F filings of Tepp RIA, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 202649$147.5MiShares Core S&P 500 ETFVanguard High Dividend Yield Index ETFInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026Apr 22, 202641$127.7MiShares Core S&P 500 ETFVanguard High Dividend Yield Index ETFInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Feb 4, 202638$101.0MiShares Core S&P 500 ETFInvesco QQQ Trust Series IVanguard High Dividend Yield Index ETFvs. Q3 2025SEC
Q3 2025Nov 13, 202536$88.1MiShares Core S&P 500 ETFInvesco QQQ Trust Series IVanguard High Dividend Yield Index ETFvs. Q2 2025SEC
Q2 2025Jul 15, 202527$77.5MiShares Core S&P 500 ETFVanguard High Dividend Yield Index ETFInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025Apr 24, 202527$73.6MiShares Core S&P 500 ETFVanguard High Dividend Yield Index ETFInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Feb 12, 202530$67.6MiShares Core S&P 500 ETFVanguard High Dividend Yield Index ETFInvesco QQQ Trust Series I–SEC