BIP Alliance, LLC
- SEC CIK
- 0002056367
- Latest filing
- Jul 31, 2025
The latest 13F from BIP Alliance, LLC covers Q2 2025 (filed Jul 31, 2025): 49 long positions worth $260.4M. The top 10 holdings make up 86.9% of the portfolio, and the largest is Vanguard S&P 500 ETF at 33.2%. Livermore has 3 filings on Form 13F from this institution, going back to Q4 2024.
What changed in Q2 2025
Share counts compared with Q1 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
- 4
- Est. +$965.4K
- Added
- 21
- Est. +$11.7M
- Reduced
- 22
- Est. −$4.85M
- Sold out
- 4
- Est. −$1.42M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard S&P 500 ETF92290836333.2%$86.5M
- Vanguard Ftse Developed Markets ETF92194385810.9%$28.5M
- Vanguard Mun BD FDS92290774610.0%$26.1M
- Vanguard Total Bond Market ETF9219378358.0%$20.8M
- Vanguard Index FDS9229086527.6%$19.9M
Share of portfolio
Top 5 holdings and the other 44 positions, by share of portfolio value
- Vanguard S&P 500 ETF33.2%
- Vanguard Ftse Developed Markets ETF10.9%
- Vanguard Mun BD FDS10.0%
- Vanguard Total Bond Market ETF8.0%
- Vanguard Index FDS7.6%
- Other 44 positions30.2%
Biggest buys
New and added positions, by estimated amount bought
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard S&P 500 ETF922908363+2.49 pp30.7% → 33.2%
- Vanguard Index FDS922908652+1.01 pp6.6% → 7.6%
- Vanguard Information Technology ETF92204A702+0.82 pp3.6% → 4.4%
- Vanguard Ftse Developed Markets ETF921943858+0.33 pp10.6% → 10.9%
- SPYSPDR S&P 500 ETF Trust
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- WisdomTree Tr97717Y527−$1.59MReduced
- Vanguard Total Bond Market ETF921937835−$1.44MReduced
- Vanguard Malvern FDS922020805−$780.4KSold out
- Vanguard Short-Term Bond ETF921937827−$499.0KReduced
- Vanguard Total International Bond ETF92203J407−$368.5KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Total Bond Market ETF921937835−1.39 pp9.4% → 8.0%
- Vanguard Mun BD FDS922907746−1.15 pp11.2% → 10.0%
- WisdomTree Tr97717Y527−0.71 pp1.1% → 0.4%
- Vanguard Total International Bond ETF92203J407−0.45 pp3.9% → 3.5%
- iShares Tr464288158−0.38 pp3.8% → 3.4%
Metrics
13F metrics for Q2 2025, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $260.4M
- +$23.9M (+10.1%) vs. prior quarter
- Positions
- 49
- 0 vs. prior quarter
- Top 10 concentration
- 86.9%
- Top 10 as share of value
- Turnover
- 2.5%
- Q2 2025, one quarter
- Average holding period
- 3.0 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 2024), so positions held before then are understated.
13F filings by quarter
3 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $260.4M (Q2 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2025 | Jul 31, 2025 | 49 | $260.4M | Vanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Mun BD FDS | vs. Q1 2025 | SEC |
| Q1 2025 | May 2, 2025 | 49 | $236.5M | Vanguard S&P 500 ETFVanguard Mun BD FDSVanguard Ftse Developed Markets ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 18, 2025 | 48 | $236.4M | Vanguard S&P 500 ETFVanguard Mun BD FDSVanguard Ftse Developed Markets ETF | – | SEC |