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Livermore
Livermore
ZHEN

Moller Financial Services

SEC CIK
0001475271
Latest filing
Jul 15, 2026

The latest 13F from Moller Financial Services covers Q2 2026 (filed Jul 15, 2026): 75 long positions worth $552.8M. The top 10 holdings make up 60.0% of the portfolio, and the largest is Flexshares Tr at 9.3%. 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
13
Est. +$17.8M
Added
23
Est. +$12.8M
Reduced
32
Est. −$19.5M
Sold out
5
Est. −$1.72M

Top 5 holdings

Share of this quarter's portfolio value

  1. Flexshares Tr33939L407
    9.3%$51.7M
  2. Schwab Fundamental U.S. Small Company ETF808524763
    8.5%$46.8M
  3. Vanguard Malvern FDS922020805
    7.3%$40.6M
  4. Vanguard Morningstar Small-Cap ETF922908751
    7.2%$40.1M
  5. iShares Core S&P 500 ETF464287200
    5.5%$30.3M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288521
    +$13.8MNew
  2. Flexshares Tr33939L407
    +$3.59MAdded
  3. SPDR Series Trust78468R606
    +$2.35MAdded
  4. Vanguard Intl Equity Index F922042676
    +$1.26MAdded
  5. Vanguard Malvern FDS922020805
    +$1.21MAdded

Largest weight increases

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

  1. iShares Tr464288521
    +2.49 pp0.0% → 2.5%
  2. SPDR Series Trust78468R606
    +0.32 pp1.3% → 1.7%
  3. ABBVAbbVie Inc.
    +0.12 pp0.0% → 0.1%History
  4. CSCOCisco Systems, Inc.
    +0.09 pp0.0% → 0.1%History
  5. MRKMerck & Co., Inc.
    +0.08 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Real Estate ETF922908553
    −$12.9MReduced
  2. Schwab Fundamental U.S. Small Company ETF808524763
    −$1.41MReduced
  3. Vanguard Morningstar Small-Cap ETF922908751
    −$1.22MReduced
  4. Invesco Exchange Traded FD T46137V233
    −$822.4KReduced
  5. Invesco Exch Traded FD Tr II46138E719
    −$724.7KSold out

Largest weight decreases

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

  1. Vanguard Real Estate ETF922908553
    −2.34 pp4.2% → 1.9%
  2. Invesco Exch Traded FD Tr II46138E719
    −0.14 pp0.1% → 0.0%
  3. Invesco Exchange Traded FD T46137V233
    −0.14 pp0.2% → 0.1%
  4. iShares Tr464288414
    −0.14 pp1.5% → 1.4%
  5. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    −0.06 pp0.1% → <0.1%

Metrics

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

Portfolio value
$552.8M
+$46.3M (+9.1%) vs. prior quarter
Positions
75
+8 vs. prior quarter
Top 10 concentration
60.0%
Top 10 as share of value
Turnover
4.0%
Q2 2026, one quarter
Average holding period
20.3 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 $552.8M (Q2 2026)

Q1 2021: $286.8MQ2 2021: $304.5MQ3 2021: $302.5MQ4 2021: $313.4MQ1 2022: $321.6MQ2 2022: $294.9MQ3 2022: $277.6MQ4 2022: $311.3MQ1 2023: $324.2MQ2 2023: $327.4MQ3 2023: $314.7MQ4 2023: $354.8MQ1 2024: $369.1MQ2 2024: $374.8MQ3 2024: $400.2MQ4 2024: $380.2MQ1 2025: $404.4MQ2 2025: $452.9MQ3 2025: $479.5MQ4 2025: $477.5MQ1 2026: $506.5MQ2 2026: $552.8M
Q1 2021Q2 2026
13F filings of Moller Financial Services by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 202675$552.8MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q1 2026SEC
Q1 2026Apr 14, 202667$506.5MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q4 2025SEC
Q4 2025Jan 8, 202669$477.5MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q3 2025SEC
Q3 2025Oct 6, 202570$479.5MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q2 2025SEC
Q2 2025Jul 10, 202569$452.9MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q1 2025SEC
Q1 2025Apr 9, 202566$404.4MFlexshares TrVanguard Malvern FDSSchwab Fundamental U.S. Small Company ETFvs. Q4 2024SEC
Q4 2024Jan 7, 202564$380.2MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q3 2024SEC
Q3 2024Oct 9, 202465$400.2MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q2 2024SEC
Q2 2024Jul 1, 202465$374.8MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q1 2024SEC
Q1 2024Apr 11, 202451$369.1MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q4 2023SEC
Q4 2023Jan 10, 202450$354.8MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q3 2023SEC
Q3 2023Oct 16, 202347$314.7MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q2 2023SEC
Q2 2023Jul 17, 202349$327.4MFlexshares TrSchwab Fundamental U.S. Small Company ETFVanguard Malvern FDSvs. Q1 2023SEC
Q1 2023Apr 17, 202349$324.2MFlexshares TrVanguard Malvern FDSSchwab Fundamental U.S. Small Company ETFvs. Q4 2022SEC
Q4 2022Jan 18, 202348$311.3MFlexshares TrVanguard Malvern FDSSchwab Fundamental U.S. Small Company ETFvs. Q3 2022SEC
Q3 2022Oct 20, 202247$277.6MFlexshares TrVanguard Malvern FDSSchwab Fundamental U.S. Small Company ETFvs. Q2 2022SEC
Q2 2022Jul 21, 202249$294.9MFlexshares TrVanguard Malvern FDSSchwab Fundamental U.S. Small Company ETFvs. Q1 2022SEC
Q1 2022Apr 14, 202253$321.6MFlexshares TrVanguard Malvern FDSVanguard Morningstar Large-Cap ETFvs. Q4 2021SEC
Q4 2021Jan 20, 202249$313.4MFlexshares TrVanguard Malvern FDSSchwab Fundamental U.S. Small Company ETFvs. Q3 2021SEC
Q3 2021Oct 20, 202147$302.5MFlexshares TrVanguard Morningstar Large-Cap ETFVanguard Malvern FDSvs. Q2 2021SEC
Q2 2021Jul 22, 202148$304.5MFlexshares TrVanguard Morningstar Large-Cap ETFVanguard Malvern FDSvs. Q1 2021SEC
Q1 2021Apr 19, 202147$286.8MFlexshares TrVanguard Morningstar Large-Cap ETFVanguard Malvern FDS–SEC