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Livermore
Livermore
ZHEN

Marino, Stram & Associates LLC

SEC CIK
0001099762
Latest filing
Jul 24, 2026

The latest 13F from Marino, Stram & Associates LLC covers Q2 2026 (filed Jul 24, 2026): 202 long positions worth $627.8M. The top 10 holdings make up 57.6% of the portfolio, and the largest is Vanguard High Dividend Yield Index ETF at 14.3%. 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
19
Est. +$4.70M
Added
109
Est. +$11.9M
Reduced
56
Est. −$3.97M
Sold out
2
Est. −$503.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard High Dividend Yield Index ETF921946406
    14.3%$89.7M
  2. iShares Core S&P 500 ETF464287200
    10.8%$68.0M
  3. Vanguard Morningstar Growth ETF922908736
    8.3%$52.0M
  4. SPDR Series Trust78464A763
    6.8%$42.6M
  5. Vanguard Morningstar Value ETF922908744
    6.3%$39.3M

Share of portfolio

Top 5 holdings and the other 197 positions, by share of portfolio value

  1. Vanguard High Dividend Yield Index ETF14.3%
  2. iShares Core S&P 500 ETF10.8%
  3. Vanguard Morningstar Growth ETF8.3%
  4. SPDR Series Trust6.8%
  5. Vanguard Morningstar Value ETF6.3%
  6. Other 197 positions53.5%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Growth ETF922908736
    +$1.46MAddedConverted for a 6-for-1 split
  2. Vanguard High Dividend Yield Index ETF921946406
    +$1.23MAdded
  3. Vanguard Morningstar Total Stock Market ETF922908769
    +$858.1KAdded
  4. Vanguard Morningstar Value ETF922908744
    +$724.4KAdded
  5. iShares Tr464288448
    +$434.5KAdded

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +0.61 pp7.7% → 8.3%
  2. iShares Core S&P 500 ETF464287200
    +0.24 pp10.6% → 10.8%
  3. Invesco QQQ Trust Series I46090E103
    +0.16 pp1.0% → 1.1%
  4. Vanguard Morningstar Total Stock Market ETF922908769
    +0.16 pp1.1% → 1.2%
  5. iShares Tr464288307
    +0.15 pp1.0% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. INTCIntel Corp
    −$915.6KReducedHistory
  2. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$772.3KReduced
  3. AJGArthur J. Gallagher & Co.
    −$492.7KReducedHistory
  4. JPMorgan Ultra-Short Income ETF46641Q837
    −$326.8KReduced
  5. GLDMWorld Gold Trust
    −$274.8KSold outHistory

Largest weight decreases

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

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −0.18 pp0.5% → 0.3%
  2. MCDMcDonalds Corp
    −0.12 pp0.5% → 0.4%History
  3. AJGArthur J. Gallagher & Co.
    −0.09 pp0.1% → <0.1%History
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.08 pp0.5% → 0.5%
  5. WMTWalmart Inc.
    −0.08 pp0.4% → 0.3%History

Metrics

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

Portfolio value
$627.8M
+$71.2M (+12.8%) vs. prior quarter
Positions
202
+17 vs. prior quarter
Top 10 concentration
57.6%
Top 10 as share of value
Turnover
0.8%
Q2 2026, one quarter
Average holding period
19.6 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 $627.8M (Q2 2026)

Q1 2021: $255.9MQ2 2021: $383.0MQ3 2021: $289.3MQ4 2021: $325.7MQ1 2022: $317.1MQ2 2022: $288.4MQ3 2022: $277.1MQ4 2022: $317.5MQ1 2023: $331.1MQ2 2023: $353.2MQ3 2023: $341.4MQ4 2023: $386.7MQ1 2024: $422.3MQ2 2024: $409.3MQ3 2024: $448.1MQ4 2024: $451.9MQ1 2025: $450.4MQ2 2025: $495.6MQ3 2025: $556.0MQ4 2025: $553.4MQ1 2026: $556.6MQ2 2026: $627.8M
Q1 2021Q2 2026
13F filings of Marino, Stram & Associates LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 2026202$627.8MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q1 2026SEC
Q1 2026Apr 29, 2026185$556.6MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q4 2025SEC
Q4 2025Jan 16, 2026185$553.4MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q3 2025SEC
Q3 2025Nov 3, 2025191$556.0MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q2 2025SEC
Q2 2025Jul 18, 2025174$495.6MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q1 2025SEC
Q1 2025Apr 21, 2025166$450.4MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q4 2024SEC
Q4 2024Jan 17, 2025171$451.9MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q3 2024SEC
Q3 2024Oct 21, 2024168$448.1MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q2 2024SEC
Q2 2024Jul 18, 2024164$409.3MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q1 2024SEC
Q1 2024Apr 24, 2024170$422.3MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q4 2023SEC
Q4 2023Jan 30, 2024168$386.7MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q3 2023SEC
Q3 2023Oct 30, 2023158$341.4MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q2 2023SEC
Q2 2023Jul 20, 2023162$353.2MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q1 2023SEC
Q1 2023Apr 20, 2023155$331.1MVanguard High Dividend Yield Index ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Jan 19, 2023153$317.5MVanguard High Dividend Yield Index ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q3 2022SEC
Q3 2022Oct 17, 2022140$277.1MVanguard High Dividend Yield Index ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q2 2022SEC
Q2 2022Jul 15, 2022144$288.4MVanguard High Dividend Yield Index ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q1 2022SEC
Q1 2022Apr 25, 2022141$317.1MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q4 2021SEC
Q4 2021Jan 20, 2022147$325.7MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q3 2021SEC
Q3 2021Oct 14, 2021140$289.3MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trustvs. Q2 2021SEC
Q2 2021Jul 22, 2021246$383.0MAAPLMSFTAMZNvs. Q1 2021SEC
Q1 2021Apr 26, 2021132$255.9MVanguard High Dividend Yield Index ETFiShares Core S&P 500 ETFSPDR Series Trust–SEC