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Livermore
Livermore
ZHEN

Cloud Capital Management, LLC

SEC CIK
0002060492
Latest filing
Aug 13, 2026

The latest 13F from Cloud Capital Management, LLC covers Q2 2026 (filed Aug 13, 2026): 126 long positions worth $274.1M. The top 10 holdings make up 48.3% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 15.6%. Livermore has 6 filings on Form 13F from this institution, going back to Q1 2025.

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
22
Est. +$9.52M
Added
64
Est. +$14.4M
Reduced
32
Est. −$5.64M
Sold out
1
Est. −$281.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    15.6%$42.7M
  2. AAPLApple Inc.
    5.1%$14.1MHistory
  3. Dimensional ETF Trust25434V799
    4.9%$13.5M
  4. American Centy ETF Tr025072885
    3.8%$10.3M
  5. American Centy ETF Tr025072877
    3.6%$9.82M

Share of portfolio

Top 5 holdings and the other 121 positions, by share of portfolio value

  1. Dimensional U.S. Core Equity 2 ETF15.6%
  2. AAPL5.1%
  3. Dimensional ETF Trust4.9%
  4. American Centy ETF Tr3.8%
  5. American Centy ETF Tr3.6%
  6. Other 121 positions67.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    +$3.39MAdded
  2. J P Morgan Exchange Traded F46654Q484
    +$3.35MNew
  3. Dimensional ETF Trust25434V799
    +$1.74MAdded
  4. American Centy ETF Tr025072877
    +$1.18MAdded
  5. TMUST-Mobile US, Inc.
    +$1.03MNewHistory

Largest weight increases

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

  1. J P Morgan Exchange Traded F46654Q484
    +1.22 pp0.0% → 1.2%
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    +0.57 pp15.0% → 15.6%
  3. TMUST-Mobile US, Inc.
    +0.38 pp0.0% → 0.4%History
  4. Invesco QQQ Trust Series I46090E103
    +0.31 pp1.5% → 1.8%
  5. American Centy ETF Tr025072877
    +0.25 pp3.3% → 3.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$2.41MReducedHistory
  2. Vanguard S&P 500 Growth ETF921932505
    −$629.3KReducedConverted for a 6-for-1 split
  3. Vanguard Malvern FDS922020805
    −$614.7KReduced
  4. Schwab Intermediate-Term US Treasury ETF808524854
    −$386.1KReduced
  5. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    −$287.3KReduced

Largest weight decreases

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

  1. Schwab Intermediate-Term US Treasury ETF808524854
    −0.80 pp3.9% → 3.1%
  2. Vanguard Malvern FDS922020805
    −0.70 pp3.0% → 2.3%
  3. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    −0.45 pp3.7% → 3.3%
  4. MSFTMicrosoft Corp
    −0.41 pp2.5% → 2.1%History
  5. Schwab US Tips ETF808524870
    −0.33 pp1.9% → 1.5%

Metrics

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

Portfolio value
$274.1M
+$44.7M (+19.5%) vs. prior quarter
Positions
126
+21 vs. prior quarter
Top 10 concentration
48.3%
Top 10 as share of value
Turnover
2.4%
Q2 2026, one quarter
Average holding period
5.6 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 (Q1 2025), so positions held before then are understated.

13F filings by quarter

6 quarters, going back to Q1 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $274.1M (Q2 2026)

Q1 2025: $140.8MQ2 2025: $160.3MQ3 2025: $189.7MQ4 2025: $211.7MQ1 2026: $229.4MQ2 2026: $274.1M
Q1 2025Q2 2026
13F filings of Cloud Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026126$274.1MDimensional U.S. Core Equity 2 ETFAAPLDimensional ETF Trustvs. Q1 2026SEC
Q1 2026May 12, 2026105$229.4MDimensional U.S. Core Equity 2 ETFAAPLDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Feb 12, 2026103$211.7MDimensional U.S. Core Equity 2 ETFAAPLSchwab Strategic Trvs. Q3 2025SEC
Q3 2025Nov 3, 20251,588$189.7MDimensional U.S. Core Equity 2 ETFSchwab Strategic TrAAPLvs. Q2 2025SEC
Q2 2025Aug 6, 202578$160.3MDimensional U.S. Core Equity 2 ETFSchwab Strategic TrAAPLvs. Q1 2025SEC
Q1 2025Apr 29, 2025280$140.8MDimensional U.S. Core Equity 2 ETFSchwab Strategic TrDimensional World Ex U.S. Core Equity 2 ETF–SEC