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Livermore
Livermore
ZHEN

Investors Portfolio Services LLC

SEC CIK
0002073833
Latest filing
Aug 14, 2026

The latest 13F from Investors Portfolio Services LLC covers Q2 2026 (filed Aug 14, 2026): 673 long positions worth $131.0M. The top 10 holdings make up 80.8% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 24.0%. Livermore has 3 filings on Form 13F from this institution, going back to Q4 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
127
Est. +$20.6M
Added
118
Est. +$14.3M
Reduced
90
Est. −$22.1M
Sold out
150
Est. −$335.4K

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    24.0%$31.4MHistory
  2. First Tr Exchng Traded FD VI33740U539
    15.5%$20.3M
  3. Goldman Sachs ETF Tr38149W622
    8.1%$10.6M
  4. First Tr Exchange Traded FD33738R704
    7.6%$9.94M
  5. Invesco Exchange Traded FD T46137V472
    6.9%$9.02M

Share of portfolio

Top 5 holdings and the other 668 positions, by share of portfolio value

  1. SPY24.0%
  2. First Tr Exchng Traded FD VI15.5%
  3. Goldman Sachs ETF Tr8.1%
  4. First Tr Exchange Traded FD7.6%
  5. Invesco Exchange Traded FD T6.9%
  6. Other 668 positions38.0%

Biggest buys

New and added positions, by estimated amount bought

  1. First Tr Exchng Traded FD VI33740U539
    +$20.3MNew
  2. SPYSPDR S&P 500 ETF Trust
    +$6.03MAddedHistory
  3. Goldman Sachs ETF Tr38149W630
    +$1.99MAdded
  4. Invesco Exchange Traded FD T46137V472
    +$1.40MAdded
  5. J P Morgan Exchange Traded F46641Q134
    +$1.15MAdded

Largest weight increases

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

  1. First Tr Exchng Traded FD VI33740U539
    +15.48 pp0.0% → 15.5%
  2. SPYSPDR S&P 500 ETF Trust
    +3.44 pp20.6% → 24.0%History
  3. Goldman Sachs ETF Tr38149W630
    +1.52 pp0.2% → 1.7%
  4. First Tr Exchange Traded FD33738R704
    +0.52 pp7.1% → 7.6%
  5. Invesco Exchange Traded FD T46137V472
    +0.42 pp6.5% → 6.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. First Tr Exchng Traded FD VI33740U547
    −$17.9MReduced
  2. JPMorgan Nasdaq Equity Premium Income ETF46654Q203
    −$2.41MReduced
  3. QCOMQualcomm Inc
    −$721.2KReducedHistory
  4. HONHoneywell International Inc
    −$177.9KSold outHistory
  5. CDNSCadence Design Systems Inc
    −$156.1KReducedHistory

Largest weight decreases

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

  1. First Tr Exchng Traded FD VI33740U547
    −15.28 pp15.6% → 0.3%
  2. JPMorgan Nasdaq Equity Premium Income ETF46654Q203
    −2.02 pp2.0% → <0.1%
  3. MCDMcDonalds Corp
    −0.96 pp3.4% → 2.4%History
  4. QCOMQualcomm Inc
    −0.44 pp0.6% → 0.1%History
  5. Pgim ETF Tr69344A800
    −0.25 pp1.2% → 1.0%

Metrics

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

Portfolio value
$131.0M
+$23.1M (+21.4%) vs. prior quarter
Positions
673
−23 vs. prior quarter
Top 10 concentration
80.8%
Top 10 as share of value
Turnover
18.7%
Q2 2026, one quarter
Average holding period
2.7 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 2025), so positions held before then are understated.

13F filings by quarter

3 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $131.0M (Q2 2026)

Q4 2025: $111.0MQ1 2026: $107.9MQ2 2026: $131.0M
Q4 2025Q2 2026
13F filings of Investors Portfolio Services LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026673$131.0MSPYFirst Tr Exchng Traded FD VIGoldman Sachs ETF Trvs. Q1 2026SEC
Q1 2026May 14, 2026696$107.9MSPYFirst Tr Exchng Traded FD VIGoldman Sachs ETF Trvs. Q4 2025SEC
Q4 2025Feb 9, 2026406$111.0MSPYFirst Tr Exchng Traded FD VIGoldman Sachs ETF Tr–SEC