Skip to main content
Livermore
Livermore
ZHEN

Vavra Capital Management, LLC

SEC CIK
0002106605
Latest filing
Jul 23, 2026

The latest 13F from Vavra Capital Management, LLC covers Q2 2026 (filed Jul 23, 2026): 22 long positions worth $114.3M. The top 10 holdings make up 87.9% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 29.6%. 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
0
Added
15
Est. +$1.35M
Reduced
5
Est. −$349.4K
Sold out
2
Est. −$425.4K

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    29.6%$33.9MHistory
  2. Vanguard Ftse Developed Markets ETF921943858
    15.3%$17.5M
  3. PIMCO Active Bond Exchange-Traded Fund72201R775
    11.3%$12.9M
  4. iShares Russell 2000 ETF464287655
    10.1%$11.5M
  5. Vanguard Dividend Appreciation ETF921908844
    5.2%$5.90M

Share of portfolio

Top 5 holdings and the other 17 positions, by share of portfolio value

  1. SPY29.6%
  2. Vanguard Ftse Developed Markets ETF15.3%
  3. PIMCO Active Bond Exchange-Traded Fund11.3%
  4. iShares Russell 2000 ETF10.1%
  5. Vanguard Dividend Appreciation ETF5.2%
  6. Other 17 positions28.5%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288414
    +$332.0KAdded
  2. Bondbloxx ETF Trust09789C671
    +$289.4KAdded
  3. Vanguard Dividend Appreciation ETF921908844
    +$226.9KAdded
  4. Pacer US Cash Cows 100 ETF69374H881
    +$115.2KAdded
  5. Vanguard Ftse Developed Markets ETF921943858
    +$84.1KAdded

Largest weight increases

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

  1. iShares Tr464288414
    +0.22 pp0.8% → 1.0%
  2. Invesco QQQ Trust Series I46090E103
    +0.22 pp1.2% → 1.5%
  3. Bondbloxx ETF Trust09789C671
    +0.16 pp1.0% → 1.2%
  4. Vanguard Dividend Appreciation ETF921908844
    +0.15 pp5.0% → 5.2%
  5. BlackRock ETF Trust09290C103
    +0.11 pp0.8% → 0.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Flexshares Tr33939L407
    −$220.5KSold out
  2. Flexshares Tr33939L860
    −$204.8KSold out
  3. iShares Russell 2000 ETF464287655
    −$176.4KReduced
  4. VanEck ETF Trust92189F437
    −$66.6KReduced
  5. SPYSPDR S&P 500 ETF Trust
    −$58.2KReducedHistory

Largest weight decreases

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

  1. VanEck ETF Trust92189F437
    −0.23 pp2.1% → 1.8%
  2. Flexshares Tr33939L407
    −0.21 pp0.2% → 0.0%
  3. Flexshares Tr33939L860
    −0.20 pp0.2% → 0.0%

Metrics

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

Portfolio value
$114.3M
+$11.4M (+11.1%) vs. prior quarter
Positions
22
−2 vs. prior quarter
Top 10 concentration
87.9%
Top 10 as share of value
Turnover
0.7%
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 $114.3M (Q2 2026)

Q4 2025: $101.8MQ1 2026: $102.9MQ2 2026: $114.3M
Q4 2025Q2 2026
13F filings of Vavra Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202622$114.3MSPYVanguard Ftse Developed Markets ETFPIMCO Active Bond Exchange-Traded Fundvs. Q1 2026SEC
Q1 2026Apr 27, 202624$102.9MSPYVanguard Ftse Developed Markets ETFPIMCO Active Bond Exchange-Traded Fundvs. Q4 2025SEC
Q4 2025Jan 22, 202623$101.8MSPYVanguard Ftse Developed Markets ETFPIMCO Active Bond Exchange-Traded Fund–SEC