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Livermore
Livermore
ZHEN

Asset Planning Corporation

SEC CIK
0000007773
Latest filing
Nov 6, 2025

The latest 13F from Asset Planning Corporation covers Q3 2025 (filed Nov 6, 2025): 48 long positions worth $210.8M. The top 10 holdings make up 70.3% of the portfolio, and the largest is Dimensional ETF Trust at 13.7%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2025

Share counts compared with Q2 2025: 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
5
Est. +$6.72M
Added
23
Est. +$7.79M
Reduced
8
Est. −$356.2K
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V872
    13.7%$28.9M
  2. BRK.BBerkshire Hathaway Inc
    10.0%$21.0MHistory
  3. Dimensional ETF Trust25434V203
    8.8%$18.4M
  4. Dimensional ETF Trust25434V831
    8.5%$18.0M
  5. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    6.3%$13.2M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Instl Index FD922040845
    +$5.49MNew
  2. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$2.22MAdded
  3. Dimensional ETF Trust25434V872
    +$1.20MAdded
  4. Dimensional ETF Trust25434V203
    +$1.09MAdded
  5. Schwab Strategic Tr808524862
    +$687.2KAdded

Largest weight increases

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

  1. Vanguard Instl Index FD922040845
    +2.60 pp0.0% → 2.6%
  2. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +0.50 pp5.8% → 6.3%
  3. SBRSabine Royalty Trust
    +0.23 pp0.0% → 0.2%History
  4. Dimensional ETF Trust25434V732
    +0.19 pp1.0% → 1.2%
  5. BACBank of America Corp
    +0.14 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional ETF Trust25434V849
    −$116.8KReduced
  2. Vanguard Morningstar Small-Cap ETF922908751
    −$83.2KReduced
  3. Vanguard S&P 500 ETF922908363
    −$38.0KReduced
  4. Dimensional ETF Trust25434V724
    −$28.4KReduced
  5. Schwab Fundamental U.S. Large Company ETF808524771
    −$23.7KReduced

Largest weight decreases

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

  1. Dimensional ETF Trust25434V849
    −0.59 pp5.5% → 4.9%
  2. Vanguard S&P 500 ETF922908363
    −0.21 pp4.9% → 4.7%
  3. Vanguard Morningstar Small-Cap ETF922908751
    −0.16 pp2.8% → 2.7%
  4. iShares MSCI Eafe ETF464287465
    −0.12 pp1.6% → 1.5%
  5. iShares Core S&P 500 ETF464287200
    −0.11 pp2.7% → 2.6%

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$210.8M
+$22.9M (+12.2%) vs. prior quarter
Positions
48
+5 vs. prior quarter
Top 10 concentration
70.3%
Top 10 as share of value
Turnover
0.2%
Q3 2025, one quarter
Average holding period
12.3 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 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $210.8M (Q3 2025)

Q1 2021: $96.1MQ2 2021: $102.7MQ3 2021: $108.0MQ4 2021: $116.9MQ1 2022: $114.5MQ2 2022: $115.1MQ3 2022: $106.9MQ4 2022: $120.1MQ1 2023: $124.5MQ2 2023: $131.5MQ3 2023: $130.0MQ4 2023: $129.5MQ1 2024: $137.0MQ2 2024: $133.7MQ3 2024: $153.2MQ4 2024: $159.7MQ1 2025: $169.7MQ2 2025: $187.9MQ3 2025: $210.8M
Q1 2021Q3 2025
13F filings of Asset Planning Corporation by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Nov 6, 202548$210.8MDimensional ETF TrustBRK.BDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Jul 23, 202543$187.9MDimensional ETF TrustBRK.BDimensional ETF Trustvs. Q1 2025SEC
Q1 2025May 12, 202543$169.7MDimensional ETF TrustBRK.BDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Jan 24, 202542$159.7MDimensional ETF TrustBRK.BDimensional ETF Trustvs. Q3 2024SEC
Q3 2024Oct 21, 202445$153.2MDimensional ETF TrustBRK.BDimensional ETF Trustvs. Q2 2024SEC
Q2 2024Jul 31, 202439$133.7MVanguard Ftse Developed Markets ETFBRK.BDimensional ETF Trustvs. Q1 2024SEC
Q1 2024Apr 29, 202441$137.0MVanguard Ftse Developed Markets ETFDimensional ETF TrustBRK.Bvs. Q4 2023SEC
Q4 2023Jan 18, 202441$129.5MVanguard Ftse Developed Markets ETFDimensional ETF TrustVanguard Morningstar Small-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 16, 202341$130.0MVanguard Ftse Developed Markets ETFDimensional ETF TrustVanguard Scottsdale FDSvs. Q2 2023SEC
Q2 2023Jul 12, 202341$131.5MVanguard Ftse Developed Markets ETFDimensional ETF TrustSchwab Strategic Trvs. Q1 2023SEC
Q1 2023Apr 14, 202337$124.5MDimensional ETF TrustVanguard Ftse Developed Markets ETFVanguard Scottsdale FDSvs. Q4 2022SEC
Q4 2022Jan 27, 202338$120.1MDimensional ETF TrustVanguard Ftse Developed Markets ETFVanguard Scottsdale FDSvs. Q3 2022SEC
Q3 2022Oct 31, 202234$106.9MVanguard Scottsdale FDSVanguard Ftse Developed Markets ETFVanguard Total International Bond ETFvs. Q2 2022SEC
Q2 2022Jul 27, 202234$115.1MVanguard Scottsdale FDSVanguard Ftse Developed Markets ETFSchwab Strategic Trvs. Q1 2022SEC
Q1 2022May 13, 202234$114.5MVanguard Ftse Developed Markets ETFVanguard Total International Bond ETFVanguard Scottsdale FDSvs. Q4 2021SEC
Q4 2021Feb 8, 202235$116.9MVanguard Total International Bond ETFVanguard Ftse Developed Markets ETFSchwab Strategic Trvs. Q3 2021SEC
Q3 2021Nov 16, 202131$108.0MVanguard Total International Bond ETFVanguard Ftse Developed Markets ETFSchwab Strategic Trvs. Q2 2021SEC
Q2 2021Aug 16, 202131$102.7MVanguard Total International Bond ETFVanguard Ftse Developed Markets ETFVanguard Scottsdale FDSvs. Q1 2021SEC
Q1 2021May 17, 202129$96.1MVanguard Total International Bond ETFVanguard Ftse Developed Markets ETFSchwab Strategic Tr–SEC