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Livermore
Livermore
ZHEN

Planning Alternatives Ltd

SEC CIK
0000712011
Latest filing
Aug 12, 2026

The latest 13F from Planning Alternatives Ltd covers Q2 2026 (filed Aug 12, 2026): 129 long positions worth $932.6M. The top 10 holdings make up 83.9% of the portfolio, and the largest is iShares Core S&P 500 ETF at 33.4%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

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
26
Est. +$14.8M
Added
59
Est. +$12.3M
Reduced
34
Est. −$4.02M
Sold out
8
Est. −$2.47M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    33.4%$311.5M
  2. Invesco Exch Traded FD Tr II46138E339
    13.0%$121.4M
  3. iShares Core S&P Mid-Cap ETF464287507
    10.8%$100.8M
  4. Vanguard Ftse Developed Markets ETF921943858
    9.6%$89.1M
  5. iShares Core S&P Small Cap ETF464287804
    5.6%$52.5M

Biggest buys

New and added positions, by estimated amount bought

  1. WFCWells Fargo & Company
    +$7.83MNewHistory
  2. Invesco Exch Traded FD Tr II46138E222
    +$1.25MAdded
  3. Invesco Exch Traded FD Tr II46138E339
    +$1.12MAdded
  4. MSFTMicrosoft Corp
    +$833.0KAddedHistory
  5. Vanguard Ftse Developed Markets ETF921943858
    +$755.2KAdded

Largest weight increases

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

  1. Invesco Exch Traded FD Tr II46138E339
    +2.24 pp10.8% → 13.0%
  2. WFCWells Fargo & Company
    +0.84 pp0.0% → 0.8%History
  3. Columbia ETF Tr II19762B202
    +0.19 pp2.0% → 2.2%
  4. LRCXLam Research Corp
    +0.15 pp0.2% → 0.4%History
  5. MUMicron Technology Inc
    +0.09 pp<0.1% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NFLXNetflix Inc
    −$619.0KSold outHistory
  2. Vanguard Dividend Appreciation ETF921908844
    −$505.9KReduced
  3. Schwab U.S. Large-Cap ETF808524201
    −$418.2KReduced
  4. Schwab U.S. Broad Market ETF808524102
    −$403.0KReduced
  5. HONHoneywell International Inc
    −$399.2KSold outHistory

Largest weight decreases

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

  1. Schwab International Equity ETF808524805
    −0.17 pp2.1% → 2.0%
  2. Vanguard Morningstar Value ETF922908744
    −0.12 pp1.2% → 1.0%
  3. Vanguard Dividend Appreciation ETF921908844
    −0.10 pp0.5% → 0.4%
  4. Schwab U.S. Large-Cap ETF808524201
    −0.10 pp1.1% → 1.0%
  5. SPYSPDR S&P 500 ETF Trust
    −0.09 pp1.4% → 1.3%History

Metrics

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

Portfolio value
$932.6M
+$157.8M (+20.4%) vs. prior quarter
Positions
129
+18 vs. prior quarter
Top 10 concentration
83.9%
Top 10 as share of value
Turnover
0.8%
Q2 2026, one quarter
Average holding period
17.8 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

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

Peak $932.6M (Q2 2026)

Q1 2021: $600.5MQ2 2021: $612.0MQ3 2021: $606.7MQ4 2021: $648.5MQ1 2022: $626.1MQ2 2022: $530.9MQ3 2022: $480.1MQ4 2022: $549.3MQ1 2023: $514.0MQ2 2023: $543.6MQ3 2023: $516.0MQ4 2023: $570.9MQ1 2024: $608.5MQ2 2024: $617.6MQ3 2024: $657.0MQ4 2024: $650.5MQ1 2025: $652.3MQ2 2025: $718.6MQ3 2025: $778.7MQ4 2025: $793.9MQ1 2026: $774.8MQ2 2026: $932.6M
Q1 2021Q2 2026
13F filings of Planning Alternatives Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 2026129$932.6MiShares Core S&P 500 ETFInvesco Exch Traded FD Tr IIiShares Core S&P Mid-Cap ETFvs. Q1 2026SEC
Q1 2026May 7, 2026111$774.8MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFInvesco Exch Traded FD Tr IIvs. Q4 2025SEC
Q4 2025Feb 6, 202698$793.9MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2025SEC
Q3 2025Nov 12, 202588$778.7MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q2 2025SEC
Q2 2025Aug 12, 202580$718.6MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q1 2025SEC
Q1 2025May 9, 202576$652.3MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Feb 6, 202561$650.5MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Nov 12, 202458$657.0MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Jul 25, 202458$617.6MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q1 2024SEC
Q1 2024Apr 17, 202449$608.5MiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Jan 23, 202449$570.9MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 17, 202346$516.0MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Jul 18, 202345$543.6MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q1 2023SEC
Q1 2023May 4, 202347$514.0MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q4 2022SEC
Q4 2022Jan 19, 202346$549.3MiShares Core S&P 500 ETFiShares U S ETF TriShares Core S&P Mid-Cap ETFvs. Q3 2022SEC
Q3 2022Oct 12, 202241$480.1MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 20, 202245$530.9MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q1 2022SEC
Q1 2022Apr 28, 202246$626.1MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q4 2021SEC
Q4 2021Jan 25, 202247$648.5MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q3 2021SEC
Q3 2021Nov 10, 2021Amended45$606.7MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q2 2021SEC
Q2 2021Jul 15, 202144$612.0MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETFvs. Q1 2021SEC
Q1 2021Apr 14, 202146$600.5MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares Core S&P Mid-Cap ETF–SEC