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Livermore
Livermore
ZHEN

SPC Financial, Inc.

SEC CIK
0001415201
Latest filing
Nov 5, 2025

The latest 13F from SPC Financial, Inc. covers Q3 2025 (filed Nov 5, 2025): 278 long positions worth $1.28B. The top 10 holdings make up 35.9% of the portfolio, and the largest is Invesco Exchange Traded FD T at 7.9%. 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
28
Est. +$26.8M
Added
144
Est. +$68.0M
Reduced
70
Est. −$55.6M
Sold out
12
Est. −$13.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco Exchange Traded FD T46137V357
    7.9%$100.6M
  2. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    5.4%$69.4M
  3. WisdomTree Tr97717X131
    3.4%$43.7M
  4. iShares Tr46434V860
    3.3%$42.7M
  5. WisdomTree Tr97717Y527
    3.1%$39.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Exchange Traded FD T46137V357
    +$31.2MAdded
  2. Vanguard World FD921910816
    +$8.41MNew
  3. State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847
    +$7.40MNew
  4. iShares Tr464287150
    +$4.81MAdded
  5. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$4.76MAdded

Largest weight increases

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

  1. Invesco Exchange Traded FD T46137V357
    +2.29 pp5.6% → 7.9%
  2. Vanguard World FD921910816
    +0.66 pp0.0% → 0.7%
  3. State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847
    +0.58 pp0.0% → 0.6%
  4. iShares Tr464288760
    +0.44 pp2.0% → 2.4%
  5. iShares Tr464287150
    +0.38 pp<0.1% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46434V860
    −$28.5MReduced
  2. Vanguard Morningstar Mid-Cap Value ETF922908512
    −$8.88MReduced
  3. WisdomTree Tr97717Y527
    −$8.59MReduced
  4. SPDR Series Trust78464A789
    −$5.65MSold out
  5. GDDYGoDaddy Inc.
    −$1.94MSold outHistory

Largest weight decreases

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

  1. iShares Tr46434V860
    −2.63 pp6.0% → 3.3%
  2. WisdomTree Tr97717Y527
    −0.94 pp4.0% → 3.1%
  3. Vanguard Morningstar Mid-Cap Value ETF922908512
    −0.70 pp0.7% → <0.1%
  4. SPDR Series Trust78464A789
    −0.47 pp0.5% → 0.0%
  5. OKEONEOK Inc
    −0.17 pp0.2% → 0.1%History

Metrics

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

Portfolio value
$1.28B
+$86.1M (+7.2%) vs. prior quarter
Positions
278
+16 vs. prior quarter
Top 10 concentration
35.9%
Top 10 as share of value
Turnover
5.6%
Q3 2025, one quarter
Average holding period
14.7 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 $1.28B (Q3 2025)

Q1 2021: $758.1MQ2 2021: $824.3MQ3 2021: $807.4MQ4 2021: $896.4MQ1 2022: $861.6MQ2 2022: $810.2MQ3 2022: $803.2MQ4 2022: $845.6MQ1 2023: $876.8MQ2 2023: $924.3MQ3 2023: $891.2MQ4 2023: $981.3MQ1 2024: $1.06BQ2 2024: $1.08BQ3 2024: $1.14BQ4 2024: $1.15BQ1 2025: $1.14BQ2 2025: $1.19BQ3 2025: $1.28B
Q1 2021Q3 2025
13F filings of SPC Financial, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Nov 5, 2025278$1.28BInvesco Exchange Traded FD TState Street SPDR Portfolio Developed World Ex-US ETFWisdomTree Trvs. Q2 2025SEC
Q2 2025Jul 25, 2025262$1.19BiShares TrInvesco Exchange Traded FD TState Street SPDR Portfolio Developed World Ex-US ETFvs. Q1 2025SEC
Q1 2025May 8, 2025261$1.14BInvesco Exchange Traded FD TGoldman Sachs ETF TriShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Feb 6, 2025259$1.15BiShares TrInvesco Exchange Traded FD TGoldman Sachs ETF Trvs. Q3 2024SEC
Q3 2024Oct 16, 2024252$1.14BInvesco Exchange Traded FD TGoldman Sachs ETF TriShares Core MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 21, 2024Amended243$1.08BInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFGoldman Sachs ETF Trvs. Q1 2024SEC
Q1 2024May 3, 2024228$1.06BInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFGoldman Sachs ETF Trvs. Q4 2023SEC
Q4 2023Feb 5, 2024223$981.3MiShares Core MSCI Eafe ETFGoldman Sachs ETF TrInvesco Exchange Traded FD Tvs. Q3 2023SEC
Q3 2023Nov 9, 2023207$891.2MiShares TrInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFvs. Q2 2023SEC
Q2 2023Aug 3, 2023216$924.3MiShares TriShares Core MSCI Eafe ETFWisdomTree Trvs. Q1 2023SEC
Q1 2023May 9, 2023203$876.8MiShares TriShares Core MSCI Eafe ETFWisdomTree Trvs. Q4 2022SEC
Q4 2022Feb 1, 2023196$845.6MInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFWisdomTree Trvs. Q3 2022SEC
Q3 2022Oct 27, 2022188$803.2MiShares TrWisdomTree TrWisdomTree Trvs. Q2 2022SEC
Q2 2022Aug 3, 2022189$810.2MiShares TrWisdomTree TrWisdomTree Trvs. Q1 2022SEC
Q1 2022May 2, 2022188$861.6MInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFJanus Detroit STR Trvs. Q4 2021SEC
Q4 2021Jan 31, 2022190$896.4MInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFJanus Detroit STR Trvs. Q3 2021SEC
Q3 2021Nov 5, 2021172$807.4MInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFJanus Detroit STR Trvs. Q2 2021SEC
Q2 2021Jul 29, 2021167$824.3MInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFJanus Detroit STR Trvs. Q1 2021SEC
Q1 2021Apr 22, 2021165$758.1MInvesco Exchange Traded FD TiShares Core MSCI Eafe ETFJanus Detroit STR Tr–SEC