Luminist Capital LLC Investment Activity in Q2 2026

Luminist Capital Llc has released its investment activity report for the period ending June 30th, 2026. This filing provides valuable insights into their trading behavior during Q2.

Purchases Observed in Q2

The investor demonstrated a continued focus on broad market exposure and diversification through several purchases:

• QQQM (Invesco QQQM) experienced a substantial increase in holdings, with shares rising by 4270.21% from the previous period.
• VOO, representing Vanguard's S&P 500 ETF, saw its share count grow significantly during this quarter.
• ETFs tracking the entire stock market also attracted attention: VTI's holdings increased by a notable percentage (98.7%), though it's worth noting that VTI was previously held with a small allocation.
• The Technology sector ETF, XLK, also saw an increase in investment during this period.
• Additionally, the Vanguard Mid-Cap Index Fund (VO) was added or increased significantly, contributing to a more diversified equity profile.

Reductions and Divestments in Q2

This quarter also saw reductions across several holdings:

• The largest reduction percentage-wise occurred with TFLO (ISHares Treasury Floating Rate Bond ETF), where the share count decreased by 36.29%.
• SHV experienced a significant decline, with its shares dropping by 23.54% from prior levels.
• The Utilities sector ETF XLU saw its allocation reduced substantially (96.76%), indicating a strategic shift away from this specific sector exposure.
• XLF, the Financial Select Sector SPDR, also faced a significant reduction in holdings (-96.92%).
• Furthermore, EEM (ISHares MSCI Emerging Markets ETF) was drastically reduced by 99.56%, suggesting either a complete exit or near-complete unwinding of this position.

Overall Portfolio Changes and Allocations

Luminist Capital's portfolio value stood at $86,814,290 as of June 30th. Their top holding by weight remains the TFLO ETF, accounting for approximately 20% of their assets.

The portfolio's allocation shifted during this quarter, with notable changes in sector distribution and concentration levels:

• Fixed income allocations saw a reduction due to the significant decrease in TFLO.
• The broad market exposure increased significantly through holdings like VOO, VT, QQQM, and others.
• The Technology sector allocation (XLK) saw a moderate increase.
• Several previously held positions in specific sectors (like Utilities) were drastically reduced or exited entirely.

Significant Activity Summary

The investor's actions this quarter highlight their active management style:

• Purchasing broad market exposure: They increased positions in major S&P 500 and Total Stock Market ETFs, reinforcing a diversified approach.
• Growing interest in Nasdaq-related instruments: The substantial increase in QQQM suggests confidence in the tech-heavy index performance.
• Reducing fixed income holdings: The significant decrease in Treasury ETFs like TFLO and SHV indicates a potential pivot towards other asset classes or riskier investments.
• Selling sector-specific positions: Reductions in XLF, XLU, EEM, etc., show targeted exits from specific sectors during this period.

To view Luminist Capital's complete portfolio holdings and performance for the quarter ending June 30th, you can visit their profile on InsiderSet.