Steelhead Wealth Management LLC
- SEC CIK
- 0002140776
- Latest filing
- Aug 13, 2026
The latest 13F from Steelhead Wealth Management LLC covers Q2 2026 (filed Aug 13, 2026): 96 long positions worth $248.4M. The top 10 holdings make up 56.8% of the portfolio, and the largest is Invesco QQQ Trust Series I at 15.7%. Livermore has 2 filings on Form 13F from this institution, going back to Q1 2026.
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.
- New
- 18
- Est. +$32.5M
- Added
- 35
- Est. +$37.1M
- Reduced
- 31
- Est. −$26.1M
- Sold out
- 6
- Est. −$18.1M
Top 5 holdings
Share of this quarter's portfolio value
- Invesco QQQ Trust Series I46090E10315.7%$38.9M
- Vanguard Morningstar Value ETF92290874410.1%$25.1M
- DIASPDR Dow Jones Industrial Average ETF Trust
- BlackRock ETF Trust09290C1035.2%$12.9M
- State Street SPDR Portfolio S&P 500 ETF78464A8544.7%$11.6M
Share of portfolio
Top 5 holdings and the other 91 positions, by share of portfolio value
- Invesco QQQ Trust Series I15.7%
- Vanguard Morningstar Value ETF10.1%
- DIA5.8%
- BlackRock ETF Trust5.2%
- State Street SPDR Portfolio S&P 500 ETF4.7%
- Other 91 positions58.6%
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Morningstar Value ETF922908744+$18.6MAdded
- State Street SPDR Portfolio S&P 500 ETF78464A854+$11.6MNew
- BlackRock ETF Trust09290C780+$7.79MAdded
- BlackRock ETF Trust09290C764+$7.08MNew
- BlackRock ETF Trust09290C855+$5.68MNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Morningstar Value ETF922908744+7.14 pp3.0% → 10.1%
- State Street SPDR Portfolio S&P 500 ETF78464A854+4.66 pp0.0% → 4.7%
- BlackRock ETF Trust09290C780+3.21 pp0.3% → 3.5%
- BlackRock ETF Trust09290C764+2.85 pp0.0% → 2.9%
- BlackRock ETF Trust09290C855+2.29 pp0.0% → 2.3%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Schwab U.S. Large-Cap Value ETF808524409−$14.3MSold out
- iShares MSCI USA Quality Factor ETF46432F339−$10.9MReduced
- Vanguard Morningstar Mid-Cap ETF922908629−$5.38MReducedConverted for a 4-for-1 split
- Vanguard Whitehall FDS921946794−$4.79MReduced
- iShares Future AI & Tech ETF46435U556−$2.68MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Schwab U.S. Large-Cap Value ETF808524409−7.25 pp7.2% → 0.0%
- iShares MSCI USA Quality Factor ETF46432F339−4.95 pp6.1% → 1.2%
- Vanguard Morningstar Mid-Cap ETF922908629−2.59 pp3.9% → 1.3%
- Vanguard Whitehall FDS921946794−2.37 pp2.5% → 0.2%
- iShares Future AI & Tech ETF46435U556−1.36 pp1.4% → 0.0%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $248.4M
- +$51.1M (+25.9%) vs. prior quarter
- Positions
- 96
- +12 vs. prior quarter
- Top 10 concentration
- 56.8%
- Top 10 as share of value
- Turnover
- 19.8%
- Q2 2026, one quarter
- Average holding period
- 1.9 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 (Q1 2026), so positions held before then are understated.
13F filings by quarter
2 quarters, going back to Q1 2026. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $248.4M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 13, 2026 | 96 | $248.4M | Invesco QQQ Trust Series IVanguard Morningstar Value ETFDIA | vs. Q1 2026 | SEC |
| Q1 2026 | Jun 16, 2026 | 84 | $197.3M | Invesco QQQ Trust Series ISchwab U.S. Large-Cap Value ETFDIA | – | SEC |