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Pandi, LLC

SEC CIK
0002058702
Latest filing
Aug 12, 2026

The latest 13F from Pandi, LLC covers Q2 2026 (filed Aug 12, 2026): 4 long positions worth $658.3M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Vanguard S&P 500 ETF at 98.3%. 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
0
Added
0
Reduced
1
Est. −$41.8M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    98.3%$647.2M
  2. PSBDPalmer Square Capital BDC Inc.
    1.4%$9.50MHistory
  3. Vanguard Morningstar Small-Cap ETF922908751
    0.1%$801.4K
  4. Vanguard Morningstar Mid-Cap ETF922908629
    0.1%$768.0K

Biggest buys

New and added positions, by estimated amount bought

None this quarter.

Largest weight increases

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

None this quarter.

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard S&P 500 ETF922908363
    −$41.8MReduced

Largest weight decreases

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

None this quarter.

Metrics

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

Portfolio value
$658.3M
+$48.5M (+8.0%) vs. prior quarter
Positions
4
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.0%
Q2 2026, one quarter
Average holding period
7.0 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

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

Peak $753.7M (Q3 2025)

Q4 2024: $669.3MQ1 2025: $651.1MQ2 2025: $747.2MQ3 2025: $753.7MQ4 2025: $629.7MQ1 2026: $609.8MQ2 2026: $658.3M
Q4 2024Q2 2026
13F filings of Pandi, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 20264$658.3MVanguard S&P 500 ETFPSBDVanguard Morningstar Small-Cap ETFvs. Q1 2026SEC
Q1 2026May 12, 20264$609.8MVanguard S&P 500 ETFPSBDVanguard Morningstar Small-Cap ETFvs. Q4 2025SEC
Q4 2025Feb 5, 20262$629.7MVanguard S&P 500 ETFPSBDvs. Q3 2025SEC
Q3 2025Oct 22, 20254$753.7MVanguard S&P 500 ETFVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 28, 20254$747.2MVanguard S&P 500 ETFVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2025SEC
Q1 2025May 6, 20254$651.1MVanguard S&P 500 ETFVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETFvs. Q4 2024SEC
Q4 2024Mar 3, 20254$669.3MVanguard S&P 500 ETFVanguard Morningstar Small-Cap ETFVanguard Morningstar Mid-Cap ETF–SEC