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Livermore
Livermore
ZHEN

Gries Financial LLC

SEC CIK
0001049662
Latest filing
Oct 22, 2025

The latest 13F from Gries Financial LLC covers Q3 2025 (filed Oct 22, 2025): 323 long positions worth $632.7M. The top 10 holdings make up 40.3% of the portfolio, and the largest is iShares Core S&P 500 ETF at 12.3%. Livermore has 20 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
46
Est. +$50.7M
Added
161
Est. +$50.2M
Reduced
78
Est. −$36.2M
Sold out
18
Est. −$11.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    12.3%$77.7M
  2. BlackRock ETF Trust09290C103
    5.4%$34.1M
  3. First Tr Exchng Traded FD VI33740U653
    4.6%$29.4M
  4. iShares MSCI USA Quality Factor ETF46432F339
    4.4%$28.1M
  5. iShares Flexible Income Active ETF092528603
    3.5%$22.2M

Biggest buys

New and added positions, by estimated amount bought

  1. First Tr Exchng Traded FD VI33740U653
    +$29.4MNew
  2. JPMorgan Nasdaq Equity Premium Income ETF46654Q203
    +$7.50MAdded
  3. BlackRock ETF Trust09290C103
    +$7.00MAdded
  4. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    +$6.41MAdded
  5. BlackRock ETF Trust09290C780
    +$4.41MNew

Largest weight increases

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

  1. First Tr Exchng Traded FD VI33740U653
    +4.64 pp0.0% → 4.6%
  2. JPMorgan Nasdaq Equity Premium Income ETF46654Q203
    +1.13 pp0.7% → 1.9%
  3. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    +0.98 pp0.3% → 1.2%
  4. BlackRock ETF Trust09290C103
    +0.85 pp4.5% → 5.4%
  5. BlackRock ETF Trust09290C780
    +0.70 pp0.0% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. First Tr Exchng Traded FD VI33740U687
    −$23.3MReduced
  2. First Tr Exchng Traded FD VI33740F516
    −$3.16MReduced
  3. First Tr Exchng Traded FD VI33740U737
    −$3.07MSold out
  4. iShares Tr464287150
    −$2.90MReduced
  5. HASHasbro, Inc.
    −$1.85MSold outHistory

Largest weight decreases

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

  1. First Tr Exchng Traded FD VI33740U687
    −4.12 pp4.7% → 0.5%
  2. RBB FD Inc74933W452
    −0.58 pp2.5% → 1.9%
  3. First Tr Exchng Traded FD VI33740F516
    −0.57 pp0.8% → 0.2%
  4. First Tr Exchng Traded FD VI33740U737
    −0.56 pp0.6% → 0.0%
  5. iShares Tr464287150
    −0.49 pp0.5% → 0.1%

Metrics

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

Portfolio value
$632.7M
+$83.1M (+15.1%) vs. prior quarter
Positions
323
+28 vs. prior quarter
Top 10 concentration
40.3%
Top 10 as share of value
Turnover
8.1%
Q3 2025, one quarter
Average holding period
11.4 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 $632.7M (Q3 2025)

Q1 2021: $313.4MQ2 2021: $311.8MQ3 2021: $318.7MQ4 2021: $244.7MQ1 2022: $271.8MQ2 2022: $210.2MQ3 2022: $236.4MQ4 2022: $301.3MQ1 2023: $338.4MQ2 2023: $362.3MQ3 2023: $371.2MQ4 2023: $455.1MQ1 2024: $598.4MQ2 2024: $486.3MQ3 2024: $534.3MQ4 2024: $563.0MQ1 2025: $515.9MQ2 2025: $549.6MQ3 2025: $632.7M
Q1 2021Q3 2025
13F filings of Gries Financial LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Oct 22, 2025323$632.7MiShares Core S&P 500 ETFBlackRock ETF TrustFirst Tr Exchng Traded FD VIvs. Q2 2025SEC
Q2 2025Jul 14, 2025295$549.6MiShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFFirst Tr Exchng Traded FD VIvs. Q1 2025SEC
Q1 2025May 5, 2025276$515.9MiShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFFirst Tr Exchng Traded FD VIvs. Q4 2024SEC
Q4 2024Jan 23, 2025276$563.0MiShares Core S&P 500 ETFFirst Tr Exchng Traded FD VIiShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Oct 18, 2024273$534.3MiShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFFirst Tr Exchng Traded FD VIvs. Q2 2024SEC
Q2 2024Aug 2, 2024244$486.3MiShares Core S&P 500 ETFRBB FD InciShares MSCI USA Quality Factor ETFvs. Q1 2024SEC
Q1 2024May 15, 2024Amended274$598.4MiShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFRBB FD Incvs. Q4 2023SEC
Q4 2023Feb 13, 2024214$455.1MiShares Core S&P 500 ETFRBB FD InciShares MSCI USA Quality Factor ETFvs. Q3 2023SEC
Q3 2023Nov 15, 2023179$371.2MiShares Core S&P 500 ETFRBB FD InciShares MSCI USA Quality Factor ETFvs. Q2 2023SEC
Q2 2023Aug 15, 2023158$362.3MiShares Core S&P 500 ETFRBB FD InciShares MSCI USA Quality Factor ETFvs. Q1 2023SEC
Q1 2023Jun 22, 2023164$338.4MiShares Core S&P 500 ETFRBB FD IncCTASvs. Q4 2022SEC
Q4 2022Jan 10, 2023150$301.3MiShares Core S&P 500 ETFRBB FD IncBXSLvs. Q3 2022SEC
Q3 2022Oct 31, 2022144$236.4MiShares Core S&P 500 ETFPGRSPYvs. Q2 2022SEC
Q2 2022Aug 16, 2022120$210.2MiShares Core S&P 500 ETFPGRSPYvs. Q1 2022SEC
Q1 2022Apr 29, 2022148$271.8MiShares Core S&P 500 ETFPGRiShares U.S. ETF Trust iShares Gsci Commodity Dynamic Roll Strategy ETFvs. Q4 2021SEC
Q4 2021Feb 2, 2022157$244.7MiShares Core S&P 500 ETFPGRSPYvs. Q3 2021SEC
Q3 2021Nov 12, 2021156$318.7MiShares Core S&P 500 ETFAVLRPGRvs. Q2 2021SEC
Q2 2021Aug 9, 2021163$311.8MiShares Core S&P 500 ETFAVLRPGRvs. Q1 2021SEC
Q1 2021May 17, 2021165$313.4MiShares Core S&P 500 ETFAVLRPGR–SEC