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Livermore
Livermore
ZHEN

Fund Evaluation Group, LLC

SEC CIK
0001356249
Latest filing
Aug 7, 2026

The latest 13F from Fund Evaluation Group, LLC covers Q2 2026 (filed Aug 7, 2026): 80 long positions worth $3.70B. The top 10 holdings make up 82.7% of the portfolio, and the largest is iShares Core S&P 500 ETF at 29.5%. 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
10
Est. +$49.8M
Added
29
Est. +$374.4M
Reduced
19
Est. −$260.3M
Sold out
3
Est. −$80.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    29.5%$1.09B
  2. Schwab U.S. Large-Cap Growth ETF808524300
    13.4%$495.7M
  3. iShares U.S. Treasury Bond ETF46429B267
    11.3%$419.7M
  4. Schwab U.S. Large-Cap ETF808524201
    6.7%$247.4M
  5. iShares Core MSCI Total International Stock ETF46432F834
    5.5%$203.8M

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab U.S. Large-Cap Growth ETF808524300
    +$134.2MAdded
  2. Vanguard Short-Term Bond ETF921937827
    +$91.9MAdded
  3. Vanguard S&P 500 ETF922908363
    +$37.6MAdded
  4. Global X FDS37954Y293
    +$30.0MNew
  5. Global X FDS37954Y889
    +$21.1MAdded

Largest weight increases

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

  1. Schwab U.S. Large-Cap Growth ETF808524300
    +3.83 pp9.6% → 13.4%
  2. Vanguard Short-Term Bond ETF921937827
    +2.48 pp<0.1% → 2.5%
  3. Vanguard S&P 500 ETF922908363
    +1.06 pp3.9% → 4.9%
  4. Global X FDS37954Y293
    +0.81 pp0.0% → 0.8%
  5. Global X FDS37954Y889
    +0.56 pp1.8% → 2.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$183.5MReduced
  2. Vanguard Malvern FDS922020805
    −$74.3MSold out
  3. Schwab U.S. Large-Cap ETF808524201
    −$25.6MReduced
  4. Schwab International Equity ETF808524805
    −$20.1MReduced
  5. iShares Core MSCI Total International Stock ETF46432F834
    −$18.8MReduced

Largest weight decreases

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

  1. iShares Core S&P 500 ETF464287200
    −4.69 pp34.2% → 29.5%
  2. Vanguard Malvern FDS922020805
    −2.28 pp2.3% → 0.0%
  3. iShares Core MSCI Total International Stock ETF46432F834
    −0.70 pp6.2% → 5.5%
  4. Schwab U.S. Large-Cap ETF808524201
    −0.63 pp7.3% → 6.7%
  5. Schwab International Equity ETF808524805
    −0.61 pp4.2% → 3.6%

Metrics

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

Portfolio value
$3.70B
+$448.5M (+13.8%) vs. prior quarter
Positions
80
+7 vs. prior quarter
Top 10 concentration
82.7%
Top 10 as share of value
Turnover
9.8%
Q2 2026, one quarter
Average holding period
15.6 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 $3.70B (Q2 2026)

Q1 2021: $915.7MQ2 2021: $1.04BQ3 2021: $952.7MQ4 2021: $926.3MQ1 2022: $720.4MQ2 2022: $782.0MQ3 2022: $827.7MQ4 2022: $779.9MQ1 2023: $924.3MQ2 2023: $1.09BQ3 2023: $1.13BQ4 2023: $1.37BQ1 2024: $1.60BQ2 2024: $1.63BQ3 2024: $1.81BQ4 2024: $2.14BQ1 2025: $2.31BQ2 2025: $2.59BQ3 2025: $2.76BQ4 2025: $3.02BQ1 2026: $3.25BQ2 2026: $3.70B
Q1 2021Q2 2026
13F filings of Fund Evaluation Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 202680$3.70BiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFiShares U.S. Treasury Bond ETFvs. Q1 2026SEC
Q1 2026May 8, 202673$3.25BiShares Core S&P 500 ETFiShares U.S. Treasury Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2025SEC
Q4 2025Feb 11, 202662$3.02BiShares Core S&P 500 ETFiShares U.S. Treasury Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2025SEC
Q3 2025Nov 12, 202575$2.76BiShares Core S&P 500 ETFiShares U.S. Treasury Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2025SEC
Q2 2025Aug 7, 202579$2.59BiShares Core S&P 500 ETFiShares U.S. Treasury Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2025SEC
Q1 2025Apr 29, 202548$2.31BiShares Core S&P 500 ETFiShares U.S. Treasury Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2024SEC
Q4 2024Feb 12, 202538$2.14BiShares Core S&P 500 ETFiShares U.S. Treasury Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2024SEC
Q3 2024Nov 12, 202433$1.81BiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFiShares U.S. Treasury Bond ETFvs. Q2 2024SEC
Q2 2024Sep 9, 2024Amended31$1.63BiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFiShares U.S. Treasury Bond ETFvs. Q1 2024SEC
Q1 2024May 8, 202438$1.60BiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFiShares U.S. Treasury Bond ETFvs. Q4 2023SEC
Q4 2023Feb 12, 202435$1.37BiShares Core S&P 500 ETFiShares U.S. Treasury Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2023SEC
Q3 2023Nov 2, 202333$1.13BiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFiShares U.S. Treasury Bond ETFvs. Q2 2023SEC
Q2 2023Aug 8, 202331$1.09BiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFiShares U.S. Treasury Bond ETFvs. Q1 2023SEC
Q1 2023May 5, 202330$924.3MiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFiShares U.S. Treasury Bond ETFvs. Q4 2022SEC
Q4 2022Feb 13, 202328$779.9MiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q3 2022SEC
Q3 2022Nov 15, 202224$827.7MiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFSchwab Strategic Trvs. Q2 2022SEC
Q2 2022Aug 10, 202223$782.0MiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFSchwab Strategic Trvs. Q1 2022SEC
Q1 2022May 12, 202239$720.4MiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFSchwab US Tips ETFvs. Q4 2021SEC
Q4 2021Feb 10, 202229$926.3MiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFSchwab Strategic Trvs. Q3 2021SEC
Q3 2021Nov 12, 202130$952.7MiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFSchwab Strategic Trvs. Q2 2021SEC
Q2 2021Aug 11, 202130$1.04BiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFSchwab Strategic Trvs. Q1 2021SEC
Q1 2021May 11, 202126$915.7MiShares Core S&P 500 ETFSchwab U.S. Large-Cap Growth ETFSchwab Strategic Tr–SEC