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Livermore
Livermore
ZHEN

10Elms LLP

SEC CIK
0002056650
Latest filing
Aug 14, 2026

The latest 13F from 10Elms LLP covers Q2 2026 (filed Aug 14, 2026): 525 long positions worth $236.3M. The top 10 holdings make up 40.4% of the portfolio, and the largest is iShares Core MSCI Eafe ETF at 10.8%. 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
63
Est. +$2.29M
Added
126
Est. +$61.9M
Reduced
12
Est. −$828.8K
Sold out
18
Est. −$682.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core MSCI Eafe ETF46432F842
    10.8%$25.6M
  2. State Street Technology Select Sector SPDR ETF81369Y803
    5.2%$12.3M
  3. iShares Core MSCI Emerging Markets ETF46434G103
    4.1%$9.63M
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    3.9%$9.30M
  5. Vanguard Morningstar Value ETF922908744
    3.2%$7.65M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core MSCI Eafe ETF46432F842
    +$7.56MAdded
  2. iShares MSCI USA Min Vol Factor ETF46429B697
    +$3.46MAdded
  3. Vanguard Total Bond Market ETF921937835
    +$3.32MAdded
  4. Vanguard Morningstar Value ETF922908744
    +$3.08MAdded
  5. State Street Technology Select Sector SPDR ETF81369Y803
    +$2.58MAdded

Largest weight increases

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

  1. State Street Technology Select Sector SPDR ETF81369Y803
    +0.86 pp4.3% → 5.2%
  2. iShares MSCI USA Quality Factor ETF46432F339
    +0.64 pp2.2% → 2.8%
  3. Vanguard Morningstar Value ETF922908744
    +0.59 pp2.6% → 3.2%
  4. Vanguard Total Bond Market ETF921937835
    +0.52 pp2.7% → 3.2%
  5. iShares Ibonds Dec 2029 Term Corporate ETF46436E205
    +0.50 pp1.5% → 2.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. QCOMQualcomm Inc
    −$363.4KReducedHistory
  2. BXBlackstone Inc.
    −$221.9KReducedHistory
  3. Tarrant Cnty Tex Cu 42SYST HLTH Due 11/15/42XTRO87638QPR4
    −$100.2KSold out
  4. Vanguard Morningstar Growth ETF922908736
    −$87.5KSold outConverted for a 6-for-1 split
  5. EIXEdison International
    −$73.1KSold outHistory

Largest weight decreases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −0.21 pp0.9% → 0.7%
  2. BXBlackstone Inc.
    −0.19 pp0.4% → 0.2%History
  3. QCOMQualcomm Inc
    −0.17 pp0.3% → 0.2%History
  4. PEPPepsiCo Inc
    −0.09 pp0.2% → 0.1%History
  5. iShares Tr46432F388
    −0.09 pp1.3% → 1.2%

Metrics

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

Portfolio value
$236.3M
+$77.8M (+49.0%) vs. prior quarter
Positions
525
+45 vs. prior quarter
Top 10 concentration
40.4%
Top 10 as share of value
Turnover
0.8%
Q2 2026, one quarter
Average holding period
6.8 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 (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 $236.3M (Q2 2026)

Q4 2024: $96.8MQ1 2025: $99.5MQ2 2025: $105.0MQ3 2025: $111.2MQ4 2025: $109.0MQ1 2026: $158.5MQ2 2026: $236.3M
Q4 2024Q2 2026
13F filings of 10Elms LLP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026525$236.3MiShares Core MSCI Eafe ETFState Street Technology Select Sector SPDR ETFiShares Core MSCI Emerging Markets ETFvs. Q1 2026SEC
Q1 2026May 15, 2026480$158.5MiShares Core MSCI Eafe ETFiShares Core MSCI Emerging Markets ETFState Street Technology Select Sector SPDR ETFvs. Q4 2025SEC
Q4 2025Feb 13, 2026467$109.0MiShares Core MSCI Eafe ETFState Street Technology Select Sector SPDR ETFiShares Core MSCI Emerging Markets ETFvs. Q3 2025SEC
Q3 2025Nov 12, 2025497$111.2MiShares Core MSCI Eafe ETFState Street Technology Select Sector SPDR ETFiShares Core MSCI Emerging Markets ETFvs. Q2 2025SEC
Q2 2025Aug 14, 2025503$105.0MiShares Core MSCI Eafe ETFState Street Technology Select Sector SPDR ETFiShares Core MSCI Emerging Markets ETFvs. Q1 2025SEC
Q1 2025May 13, 2025526$99.5MiShares Core MSCI Eafe ETFState Street Technology Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETFvs. Q4 2024SEC
Q4 2024Feb 18, 2025519$96.8MiShares Core MSCI Eafe ETFState Street Technology Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETF–SEC