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Livermore
Livermore
ZHEN

Strategic Financial Services, Inc,

SEC CIK
0001432539
Latest filing
Aug 24, 2026

The latest 13F from Strategic Financial Services, Inc, covers Q2 2026 (filed Aug 24, 2026): 155 long positions worth $2.28B. The top 10 holdings make up 74.6% of the portfolio, and the largest is iShares Tr at 15.5%. 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
10
Est. +$2.51M
Added
20
Est. +$20.2M
Reduced
62
Est. −$49.4M
Sold out
5
Est. −$2.84M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr46434V274
    15.5%$353.3M
  2. iShares Tr46434V290
    14.8%$336.8M
  3. iShares Tr46434V282
    13.2%$300.6M
  4. Vanguard Scottsdale FDS92206C706
    7.2%$165.0M
  5. iShares Inc46434G889
    5.7%$130.0M

Share of portfolio

Top 5 holdings and the other 150 positions, by share of portfolio value

  1. iShares Tr15.5%
  2. iShares Tr14.8%
  3. iShares Tr13.2%
  4. Vanguard Scottsdale FDS7.2%
  5. iShares Inc5.7%
  6. Other 150 positions43.6%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Scottsdale FDS92206C409
    +$6.57MAdded
  2. Vanguard Scottsdale FDS92206C706
    +$5.55MAdded
  3. Vanguard Malvern FDS922020805
    +$3.77MAdded
  4. Vanguard Long-Term Treasury ETF92206C847
    +$1.55MAdded
  5. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$1.32MAdded

Largest weight increases

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

  1. iShares Inc464286681
    +0.09 pp1.9% → 2.0%
  2. INTCIntel Corp
    +0.02 pp0.0% → <0.1%History
  3. Vanguard Morningstar Total Stock Market ETF922908769
    +0.01 pp0.1% → 0.1%
  4. AMDAdvanced Micro Devices Inc
    +0.01 pp0.0% → <0.1%History
  5. State Street Technology Select Sector SPDR ETF81369Y803
    +0.01 pp0.0% → <0.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Inc46434G889
    −$8.19MReduced
  2. iShares MSCI USA Momentum Factor ETF46432F396
    −$6.40MReduced
  3. iShares Tr46434V290
    −$5.23MReduced
  4. iShares Tr46434V274
    −$3.08MReduced
  5. GEGeneral Electric Co
    −$2.97MReducedHistory

Largest weight decreases

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

  1. iShares Tr46434V274
    −0.65 pp16.1% → 15.5%
  2. GLDMWorld Gold Trust
    −0.62 pp2.6% → 2.0%History
  3. Vanguard Scottsdale FDS92206C102
    −0.18 pp1.6% → 1.5%
  4. iShares Tr464288612
    −0.18 pp1.4% → 1.2%
  5. Dimensional ETF Trust25434V807
    −0.15 pp2.1% → 1.9%

Metrics

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

Portfolio value
$2.28B
+$181.2M (+8.6%) vs. prior quarter
Positions
155
+5 vs. prior quarter
Top 10 concentration
74.6%
Top 10 as share of value
Turnover
1.0%
Q2 2026, one quarter
Average holding period
19.2 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 $2.28B (Q2 2026)

Q1 2021: $1.18BQ2 2021: $1.26BQ3 2021: $1.27BQ4 2021: $1.34BQ1 2022: $1.32BQ2 2022: $1.18BQ3 2022: $1.13BQ4 2022: $1.25BQ1 2023: $1.29BQ2 2023: $1.34BQ3 2023: $1.28BQ4 2023: $1.42BQ1 2024: $1.55BQ2 2024: $1.58BQ3 2024: $1.69BQ4 2024: $1.68BQ1 2025: $1.71BQ2 2025: $1.86BQ3 2025: $1.99BQ4 2025: $2.17BQ1 2026: $2.10BQ2 2026: $2.28B
Q1 2021Q2 2026
13F filings of Strategic Financial Services, Inc, by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 24, 2026155$2.28BiShares TriShares TriShares Trvs. Q1 2026SEC
Q1 2026May 8, 2026150$2.10BiShares TriShares TriShares Trvs. Q4 2025SEC
Q4 2025Feb 9, 2026144$2.17BiShares TriShares TriShares Trvs. Q3 2025SEC
Q3 2025Nov 14, 2025142$1.99BiShares TriShares TriShares Trvs. Q2 2025SEC
Q2 2025Aug 1, 2025138$1.86BiShares TriShares TriShares Trvs. Q1 2025SEC
Q1 2025May 23, 2025133$1.71BiShares TriShares TriShares Trvs. Q4 2024SEC
Q4 2024Feb 11, 2025136$1.68BiShares TriShares TriShares Trvs. Q3 2024SEC
Q3 2024Nov 14, 2024141$1.69BiShares TriShares TriShares Trvs. Q2 2024SEC
Q2 2024Aug 12, 2024131$1.58BiShares TriShares TriShares Trvs. Q1 2024SEC
Q1 2024May 7, 2024126$1.55BiShares TriShares TriShares Trvs. Q4 2023SEC
Q4 2023Feb 8, 2024127$1.42BiShares TriShares TriShares Trvs. Q3 2023SEC
Q3 2023Nov 6, 2023120$1.28BiShares TriShares TriShares Trvs. Q2 2023SEC
Q2 2023Aug 10, 2023122$1.34BiShares TriShares TriShares Trvs. Q1 2023SEC
Q1 2023May 12, 2023119$1.29BiShares TriShares TriShares Trvs. Q4 2022SEC
Q4 2022Feb 13, 2023121$1.25BiShares TriShares TriShares Trvs. Q3 2022SEC
Q3 2022Nov 9, 2022126$1.13BiShares TriShares TrVanguard Scottsdale FDSvs. Q2 2022SEC
Q2 2022Aug 12, 2022129$1.18BiShares TriShares TriShares Trvs. Q1 2022SEC
Q1 2022Apr 26, 2022138$1.32BiShares TriShares TriShares Trvs. Q4 2021SEC
Q4 2021Feb 15, 2022133$1.34BiShares TriShares TriShares Trvs. Q3 2021SEC
Q3 2021Nov 15, 2021128$1.27BiShares TriShares TriShares Trvs. Q2 2021SEC
Q2 2021Aug 16, 2021143$1.26BiShares TriShares TriShares Trvs. Q1 2021SEC
Q1 2021May 6, 2021136$1.18BiShares TriShares TriShares Tr–SEC