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Livermore
Livermore
ZHEN

Optima Capital LLC

SEC CIK
0002070972
Latest filing
Jul 24, 2026

The latest 13F from Optima Capital LLC covers Q2 2026 (filed Jul 24, 2026): 165 long positions worth $253.4M. The top 10 holdings make up 31.6% of the portfolio, and the largest is State Street SPDR Portfolio Developed World Ex-US ETF at 4.6%. 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
20
Est. +$8.33M
Added
90
Est. +$29.2M
Reduced
46
Est. −$9.21M
Sold out
14
Est. −$9.77M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    4.6%$11.7M
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    3.9%$9.81M
  3. Dimensional U.S. Core Equity 2 ETF25434V708
    3.8%$9.69M
  4. Invesco Exchange Traded FD T46137V357
    3.4%$8.61M
  5. Aim ETF Products Trust00888H455
    3.1%$7.90M

Share of portfolio

Top 5 holdings and the other 160 positions, by share of portfolio value

  1. State Street SPDR Portfolio Developed World Ex-US ETF4.6%
  2. State Street SPDR Portfolio S&P 500 ETF3.9%
  3. Dimensional U.S. Core Equity 2 ETF3.8%
  4. Invesco Exchange Traded FD T3.4%
  5. Aim ETF Products Trust3.1%
  6. Other 160 positions81.2%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$7.50MAdded
  2. Vanguard BD Index FDS92203C303
    +$3.90MAdded
  3. VanEck ETF Trust92189F130
    +$1.86MNew
  4. Invesco Exchange Traded FD T46137V357
    +$1.78MAdded
  5. iShares Tr46436E403
    +$1.33MAdded

Largest weight increases

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

  1. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +2.85 pp1.8% → 4.6%
  2. Vanguard BD Index FDS92203C303
    +1.45 pp0.6% → 2.0%
  3. VanEck ETF Trust92189F130
    +0.73 pp0.0% → 0.7%
  4. iShares Tr46436E403
    +0.69 pp1.7% → 2.4%
  5. Invesco Exchange Traded FD T46137V357
    +0.54 pp2.9% → 3.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DBX ETF Tr233051200
    −$4.50MReduced
  2. Innovator ETFs Trust45783Y178
    −$2.17MSold out
  3. VXXBarclays Bank PLC
    −$1.50MSold outHistory
  4. Innovator ETFs Trust45783Y160
    −$1.49MSold out
  5. WisdomTree Tr97717Y550
    −$823.9KSold out

Largest weight decreases

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

  1. DBX ETF Tr233051200
    −1.90 pp2.1% → 0.2%
  2. Innovator ETFs Trust45783Y178
    −1.01 pp1.0% → 0.0%
  3. VXXBarclays Bank PLC
    −0.70 pp0.7% → 0.0%History
  4. Innovator ETFs Trust45783Y160
    −0.69 pp0.7% → 0.0%
  5. Doubleline ETF Trust25861R105
    −0.48 pp2.7% → 2.2%

Metrics

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

Portfolio value
$253.4M
+$38.0M (+17.6%) vs. prior quarter
Positions
165
+6 vs. prior quarter
Top 10 concentration
31.6%
Top 10 as share of value
Turnover
8.1%
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 (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 $253.4M (Q2 2026)

Q4 2024: $145.0MQ1 2025: $157.0MQ2 2025: $185.9MQ3 2025: $206.2MQ4 2025: $230.9MQ1 2026: $215.4MQ2 2026: $253.4M
Q4 2024Q2 2026
13F filings of Optima Capital LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 2026165$253.4MState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio S&P 500 ETFDimensional U.S. Core Equity 2 ETFvs. Q1 2026SEC
Q1 2026May 5, 2026159$215.4MDimensional U.S. Core Equity 2 ETFState Street SPDR Portfolio S&P 500 ETFAim ETF Products Trustvs. Q4 2025SEC
Q4 2025Jan 23, 20261,409$230.9MState Street SPDR Portfolio S&P 500 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2025SEC
Q3 2025Oct 27, 2025158$206.2MDoubleline ETF TrustInvesco S&P 500 Quality ETFDimensional U.S. Core Equity 2 ETFvs. Q2 2025SEC
Q2 2025Jul 15, 2025151$185.9MInvesco S&P 500 Quality ETFDimensional U.S. Core Equity 2 ETFDoubleline ETF Trustvs. Q1 2025SEC
Q1 2025Jun 13, 2025138$157.0MDimensional U.S. Core Equity 2 ETFDoubleline ETF TrustInvesco S&P 500 Quality ETFvs. Q4 2024SEC
Q4 2024Jun 13, 2025152$145.0MDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFDoubleline ETF Trust–SEC