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Livermore
Livermore
ZHEN

Retirement Management Systems Inc.

SEC CIK
0002110516
Latest filing
Jul 21, 2026

The latest 13F from Retirement Management Systems Inc. covers Q2 2026 (filed Jul 21, 2026): 55 long positions worth $488.5M. The top 10 holdings make up 53.3% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 Growth ETF at 7.6%. 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
6
Est. +$10.5M
Added
35
Est. +$32.0M
Reduced
11
Est. −$7.53M
Sold out
2
Est. −$8.77M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    7.6%$37.3M
  2. Hartford FDS Exchange Traded41653L875
    6.0%$29.3M
  3. Morgan Stanley ETF Trust61774R841
    5.6%$27.1M
  4. Vanguard Intermediate-Term Bond ETF921937819
    5.4%$26.6M
  5. Invesco Exch Traded FD Tr II46138E222
    5.4%$26.3M

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072802
    +$9.32MNew
  2. Hartford FDS Exchange Traded41653L875
    +$3.86MAdded
  3. Vanguard Intermediate-Term Bond ETF921937819
    +$3.67MAdded
  4. Morgan Stanley ETF Trust61774R841
    +$3.30MAdded
  5. VanEck ETF Trust92189F601
    +$2.02MAdded

Largest weight increases

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

  1. American Centy ETF Tr025072802
    +1.91 pp0.0% → 1.9%
  2. J P Morgan Exchange Traded F46641Q118
    +0.18 pp3.5% → 3.6%
  3. SPYSPDR S&P 500 ETF Trust
    +0.13 pp4.2% → 4.4%History
  4. WELLWelltower Inc.
    +0.10 pp0.9% → 1.0%History
  5. VTRVentas, Inc.
    +0.09 pp0.9% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. WisdomTree Tr97717W547
    −$8.57MSold out
  2. VanEck Semiconductor ETF92189F676
    −$4.62MReduced
  3. iShares Inc46434G764
    −$1.16MReduced
  4. Ea Series Trust02072L607
    −$788.2KReduced
  5. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$452.9KReduced

Largest weight decreases

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

  1. WisdomTree Tr97717W547
    −2.06 pp2.1% → 0.0%
  2. iShares Inc464286392
    −0.05 pp<0.1% → 0.0%
  3. IAUiShares Gold Trust
    −0.03 pp0.1% → 0.1%History
  4. iShares Tr464288653
    −0.03 pp0.2% → 0.2%
  5. iShares Core S&P US Value ETF464287663
    −0.03 pp0.1% → 0.1%

Metrics

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

Portfolio value
$488.5M
+$73.6M (+17.7%) vs. prior quarter
Positions
55
+4 vs. prior quarter
Top 10 concentration
53.3%
Top 10 as share of value
Turnover
3.6%
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 $488.5M (Q2 2026)

Q4 2025: $390.7MQ1 2026: $414.9MQ2 2026: $488.5M
Q4 2025Q2 2026
13F filings of Retirement Management Systems Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 202655$488.5MState Street SPDR Portfolio S&P 500 Growth ETFHartford FDS Exchange TradedMorgan Stanley ETF Trustvs. Q1 2026SEC
Q1 2026Apr 14, 202651$414.9MState Street SPDR Portfolio S&P 500 Growth ETFHartford FDS Exchange TradedMorgan Stanley ETF Trustvs. Q4 2025SEC
Q4 2025Feb 12, 202654$390.7MState Street SPDR Portfolio S&P 500 Growth ETFHartford FDS Exchange TradedVanguard Intermediate-Term Bond ETF–SEC