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Livermore
Livermore
ZHEN

RCW Management, LLC

SEC CIK
0002104402
Latest filing
Jul 21, 2026

The latest 13F from RCW Management, LLC covers Q2 2026 (filed Jul 21, 2026): 68 long positions worth $111.5M. The top 10 holdings make up 48.9% of the portfolio, and the largest is Schwab U.S. Large-Cap Growth ETF at 8.1%. 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
1
Est. +$200.5K
Added
21
Est. +$2.23M
Reduced
21
Est. −$1.40M
Sold out
1
Est. −$214.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap Growth ETF808524300
    8.1%$9.06M
  2. Vanguard Information Technology ETF92204A702
    7.6%$8.49M
  3. Schwab U.S. Broad Market ETF808524102
    7.3%$8.10M
  4. State Street Technology Select Sector SPDR ETF81369Y803
    6.2%$6.88M
  5. Vanguard Morningstar Large-Cap ETF922908637
    4.1%$4.59M

Share of portfolio

Top 5 holdings and the other 63 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap Growth ETF8.1%
  2. Vanguard Information Technology ETF7.6%
  3. Schwab U.S. Broad Market ETF7.3%
  4. State Street Technology Select Sector SPDR ETF6.2%
  5. Vanguard Morningstar Large-Cap ETF4.1%
  6. Other 63 positions66.7%

Biggest buys

New and added positions, by estimated amount bought

  1. CSXCSX Corp
    +$1.15MAddedHistory
  2. SPDR Index Shs FDS78463X509
    +$301.4KAdded
  3. Invesco Exchange Traded FD T46137V530
    +$200.5KNew
  4. BlackRock ETF Trust09290C103
    +$189.3KAdded
  5. Vanguard Morningstar Value ETF922908744
    +$98.1KAdded

Largest weight increases

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

  1. CSXCSX Corp
    +1.04 pp0.4% → 1.5%History
  2. Invesco QQQ Trust Series I46090E103
    +0.31 pp2.6% → 2.9%
  3. SPDR Index Shs FDS78463X509
    +0.25 pp0.7% → 0.9%
  4. BlackRock ETF Trust09290C103
    +0.22 pp2.3% → 2.5%
  5. Schwab U.S. Large-Cap Growth ETF808524300
    +0.20 pp7.9% → 8.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P Small Cap ETF464287804
    −$226.9KReduced
  2. Vanguard Information Technology ETF92204A702
    −$222.5KReducedConverted for a 8-for-1 split
  3. SGOLabrdn Gold ETF Trust
    −$214.0KSold outHistory
  4. GLDMWorld Gold Trust
    −$164.8KReducedHistory
  5. Schwab U.S. Large-Cap ETF808524201
    −$122.5KReduced

Largest weight decreases

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

  1. GLDMWorld Gold Trust
    −0.75 pp2.4% → 1.6%History
  2. State Street Energy Select Sector SPDR ETF81369Y506
    −0.48 pp2.0% → 1.5%
  3. Vanguard Consumer Staples ETF92204A207
    −0.31 pp2.3% → 2.0%
  4. Vanguard Communication Services ETF92204A884
    −0.23 pp1.8% → 1.5%
  5. SGOLabrdn Gold ETF Trust
    −0.22 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$111.5M
+$14.0M (+14.3%) vs. prior quarter
Positions
68
0 vs. prior quarter
Top 10 concentration
48.9%
Top 10 as share of value
Turnover
1.5%
Q2 2026, one quarter
Average holding period
3.0 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 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 $111.5M (Q2 2026)

Q4 2025: $99.0MQ1 2026: $97.6MQ2 2026: $111.5M
Q4 2025Q2 2026
13F filings of RCW Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 202668$111.5MSchwab U.S. Large-Cap Growth ETFVanguard Information Technology ETFSchwab U.S. Broad Market ETFvs. Q1 2026SEC
Q1 2026Apr 15, 202668$97.6MSchwab U.S. Large-Cap Growth ETFSchwab U.S. Broad Market ETFVanguard Information Technology ETFvs. Q4 2025SEC
Q4 2025Jan 30, 202666$99.0MSchwab U.S. Large-Cap Growth ETFSchwab U.S. Broad Market ETFVanguard Information Technology ETF–SEC