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Livermore
Livermore
ZHEN

TrustBank

SEC CIK
0002107256
Latest filing
Jul 20, 2026

The latest 13F from TrustBank covers Q2 2026 (filed Jul 20, 2026): 175 long positions worth $294.6M. The top 10 holdings make up 63.3% of the portfolio, and the largest is Vanguard S&P 500 ETF at 17.3%. 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
24
Est. +$5.25M
Added
25
Est. +$6.22M
Reduced
74
Est. −$3.44M
Sold out
3
Est. −$421.2K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    17.3%$51.0M
  2. Vanguard Ftse Developed Markets ETF921943858
    10.9%$32.1M
  3. Invesco QQQ Trust Series I46090E103
    8.6%$25.3M
  4. iShares Tr46435U713
    4.6%$13.6M
  5. J P Morgan Exchange Traded F46654Q575
    4.5%$13.2M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Developed Markets ETF921943858
    +$2.90MAdded
  2. Vanguard S&P 500 ETF922908363
    +$1.10MAdded
  3. iShares Tr46435U713
    +$903.6KAdded
  4. Calamos ETF Tr12811T704
    +$610.4KNew
  5. INTCIntel Corp
    +$427.3KNewHistory

Largest weight increases

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

  1. Vanguard Ftse Developed Markets ETF921943858
    +0.71 pp10.2% → 10.9%
  2. Vanguard S&P 500 ETF922908363
    +0.47 pp16.8% → 17.3%
  3. Calamos ETF Tr12811T704
    +0.21 pp0.0% → 0.2%
  4. iShares Core S&P Small Cap ETF464287804
    +0.20 pp2.9% → 3.1%
  5. iShares Tr46435U713
    +0.15 pp4.5% → 4.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$622.3KReduced
  2. Innovator U.S. Equity Power Buffer ETF - October45782C797
    −$256.9KSold out
  3. State Street Health Care Select Sector SPDR ETF81369Y209
    −$238.0KReduced
  4. SPYSPDR S&P 500 ETF Trust
    −$230.0KReducedHistory
  5. JPMorgan Nasdaq Equity Premium Income ETF46654Q203
    −$181.7KReduced

Largest weight decreases

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

  1. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −0.68 pp5.0% → 4.4%
  2. ABTAbbott Laboratories
    −0.28 pp1.2% → 0.9%History
  3. MSFTMicrosoft Corp
    −0.25 pp1.7% → 1.5%History
  4. XOMExxonMobil Holdings Corp
    −0.21 pp0.7% → 0.5%History
  5. WMTWalmart Inc.
    −0.20 pp0.8% → 0.6%History

Metrics

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

Portfolio value
$294.6M
+$36.8M (+14.3%) vs. prior quarter
Positions
175
+21 vs. prior quarter
Top 10 concentration
63.3%
Top 10 as share of value
Turnover
1.4%
Q2 2026, one quarter
Average holding period
2.9 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 $294.6M (Q2 2026)

Q4 2025: $239.7MQ1 2026: $257.8MQ2 2026: $294.6M
Q4 2025Q2 2026
13F filings of TrustBank by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026175$294.6MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026May 4, 2026154$257.8MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Feb 9, 2026139$239.7MVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFInvesco QQQ Trust Series I–SEC