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Livermore
Livermore
ZHEN

Manchester Financial Inc

SEC CIK
0000866590
Latest filing
Jul 17, 2026

The latest 13F from Manchester Financial Inc covers Q2 2026 (filed Jul 17, 2026): 144 long positions worth $561.6M. The top 10 holdings make up 62.8% of the portfolio, and the largest is Schwab U.S. Broad Market ETF at 17.4%. Livermore has 22 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
15
Est. +$8.63M
Added
44
Est. +$20.8M
Reduced
64
Est. −$34.1M
Sold out
7
Est. −$9.98M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Broad Market ETF808524102
    17.4%$97.9M
  2. Invesco Exch TRD SLF Idx FD46138J577
    7.5%$42.3M
  3. First Tr Exchange-Traded FD33735T109
    6.3%$35.6M
  4. First Tr Exchange-Traded FD33738D796
    5.8%$32.8M
  5. Invesco Exch Traded FD Tr II46138E222
    5.0%$27.9M

Share of portfolio

Top 5 holdings and the other 139 positions, by share of portfolio value

  1. Schwab U.S. Broad Market ETF17.4%
  2. Invesco Exch TRD SLF Idx FD7.5%
  3. First Tr Exchange-Traded FD6.3%
  4. First Tr Exchange-Traded FD5.8%
  5. Invesco Exch Traded FD Tr II5.0%
  6. Other 139 positions57.9%

Biggest buys

New and added positions, by estimated amount bought

  1. First Tr Exchange-Traded FD33738D796
    +$10.6MAdded
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +$3.60MNew
  3. Invesco Exch Traded FD Tr II46138E339
    +$2.90MAdded
  4. TSLATesla, Inc.
    +$2.62MAddedHistory
  5. WMTWalmart Inc.
    +$1.95MNewHistory

Largest weight increases

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

  1. First Tr Exchange-Traded FD33738D796
    +1.58 pp4.3% → 5.8%
  2. Invesco Exch Traded FD Tr II46138E339
    +1.57 pp3.1% → 4.7%
  3. State Street Technology Select Sector SPDR ETF81369Y803
    +0.64 pp0.0% → 0.6%
  4. TSLATesla, Inc.
    +0.48 pp0.4% → 0.9%History
  5. WMTWalmart Inc.
    +0.35 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. First Tr Exchange-Traded FD33739Q408
    −$10.8MReduced
  2. RBB FD Inc74933W452
    −$6.18MSold out
  3. Schwab U.S. Mid-Cap ETF808524508
    −$5.45MReduced
  4. LLYEli Lilly & Co
    −$1.76MReducedHistory
  5. State Street Communication Services Select Sector SPDR ETF81369Y852
    −$1.72MSold out

Largest weight decreases

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

  1. First Tr Exchange-Traded FD33739Q408
    −2.08 pp2.2% → 0.1%
  2. RBB FD Inc74933W452
    −1.19 pp1.2% → 0.0%
  3. Schwab U.S. Mid-Cap ETF808524508
    −0.86 pp1.1% → 0.2%
  4. First Tr Exchange-Traded FD336917109
    −0.52 pp3.1% → 2.6%
  5. First Tr Exchange-Traded FD33735T109
    −0.38 pp6.7% → 6.3%

Metrics

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

Portfolio value
$561.6M
+$40.7M (+7.8%) vs. prior quarter
Positions
144
+8 vs. prior quarter
Top 10 concentration
62.8%
Top 10 as share of value
Turnover
5.4%
Q2 2026, one quarter
Average holding period
13.1 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 $561.6M (Q2 2026)

Q1 2021: $215.8MQ2 2021: $252.9MQ3 2021: $261.2MQ4 2021: $284.7MQ1 2022: $277.5MQ2 2022: $258.0MQ3 2022: $347.5MQ4 2022: $369.6MQ1 2023: $345.4MQ2 2023: $352.4MQ3 2023: $340.3MQ4 2023: $357.9MQ1 2024: $383.4MQ2 2024: $406.2MQ3 2024: $461.1MQ4 2024: $456.9MQ1 2025: $443.9MQ2 2025: $477.8MQ3 2025: $499.7MQ4 2025: $534.7MQ1 2026: $520.9MQ2 2026: $561.6M
Q1 2021Q2 2026
13F filings of Manchester Financial Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 2026144$561.6MSchwab U.S. Broad Market ETFInvesco Exch TRD SLF Idx FDFirst Tr Exchange-Traded FDvs. Q1 2026SEC
Q1 2026Apr 23, 2026136$520.9MSchwab U.S. Broad Market ETFInvesco Exch TRD SLF Idx FDFirst Tr Exchange-Traded FDvs. Q4 2025SEC
Q4 2025Feb 12, 2026136$534.7MSchwab U.S. Broad Market ETFInvesco Exch TRD SLF Idx FDInvesco Exch Traded FD Tr IIvs. Q3 2025SEC
Q3 2025Oct 15, 2025130$499.7MSchwab U.S. Broad Market ETFInvesco Exch TRD SLF Idx FDSchwab U.S. Large-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 29, 2025121$477.8MSchwab U.S. Broad Market ETFInvesco Exch TRD SLF Idx FDInvesco Exchange Traded FD Tvs. Q1 2025SEC
Q1 2025May 13, 2025122$443.9MSchwab U.S. Broad Market ETFInvesco Exch TRD SLF Idx FDInvesco Exchange Traded FD Tvs. Q4 2024SEC
Q4 2024Jan 30, 2025113$456.9MSchwab U.S. Broad Market ETFInvesco Exch TRD SLF Idx FDInvesco Exchange Traded FD Tvs. Q3 2024SEC
Q3 2024Oct 24, 2024110$461.1MSchwab U.S. Broad Market ETFInvesco Exch TRD SLF Idx FDInvesco Exchange Traded FD Tvs. Q2 2024SEC
Q2 2024Jul 17, 2024104$406.2MSchwab U.S. Broad Market ETFInvesco Exchange Traded FD TInvesco Exch TRD SLF Idx FDvs. Q1 2024SEC
Q1 2024Apr 18, 202497$383.4MInvesco Exchange Traded FD TSchwab U.S. Broad Market ETFFirst Tr Exchange-Traded FDvs. Q4 2023SEC
Q4 2023Jan 25, 202494$357.9MInvesco Exchange Traded FD TSchwab U.S. Broad Market ETFFirst Tr Exchange-Traded FDvs. Q3 2023SEC
Q3 2023Nov 6, 202393$340.3MInvesco Exchange Traded FD TSchwab U.S. Broad Market ETFFirst Tr Exchange-Traded FDvs. Q2 2023SEC
Q2 2023Jul 28, 202395$352.4MInvesco Exchange Traded FD TSchwab U.S. Broad Market ETFFirst Tr Exchange-Traded FDvs. Q1 2023SEC
Q1 2023Apr 19, 202394$345.4MInvesco Exchange Traded FD TSchwab U.S. Broad Market ETFFirst Tr Exchange-Traded FDvs. Q4 2022SEC
Q4 2022Feb 8, 202398$369.6MFirst Tr Exchange-Traded FDSchwab U.S. Broad Market ETFInvesco Exchange Traded FD Tvs. Q3 2022SEC
Q3 2022Nov 14, 202296$347.5MFirst Tr Exchange-Traded FDSchwab U.S. Broad Market ETFInvesco Exchange Traded FD Tvs. Q2 2022SEC
Q2 2022Jul 28, 2022104$258.0MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap ETFInvesco Exchange Traded FD Tvs. Q1 2022SEC
Q1 2022May 4, 2022102$277.5MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap ETFInvesco Exchange Traded FD Tvs. Q4 2021SEC
Q4 2021Feb 3, 202293$284.7MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap ETFInvesco Exchange Traded FD Tvs. Q3 2021SEC
Q3 2021Oct 28, 202186$261.2MSchwab U.S. Broad Market ETFInvesco Exchange Traded FD TSchwab U.S. Large-Cap ETFvs. Q2 2021SEC
Q2 2021Jul 21, 202182$252.9MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap ETFSchwab U.S. Mid-Cap ETFvs. Q1 2021SEC
Q1 2021May 3, 2021751$215.8MSchwab U.S. Broad Market ETFSchwab U.S. Large-Cap ETFSchwab U.S. Mid-Cap ETF–SEC