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Livermore
Livermore
ZHEN

SFMG, LLC

SEC CIK
0001512026
Latest filing
Aug 13, 2026

The latest 13F from SFMG, LLC covers Q2 2026 (filed Aug 13, 2026): 334 long positions worth $1.64B. The top 10 holdings make up 60.1% of the portfolio, and the largest is Atmos Energy Corp (ATO) at 11.1%. 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
36
Est. +$17.3M
Added
149
Est. +$41.2M
Reduced
92
Est. −$16.4M
Sold out
17
Est. −$16.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. ATOAtmos Energy Corp
    11.1%$182.7MHistory
  2. Pacer Trendpilot US Large Cap ETF69374H105
    9.4%$154.3M
  3. Invesco S&P 500 Quality ETF46137V241
    9.4%$154.1M
  4. Goldman Sachs ETF Tr381430503
    7.5%$123.5M
  5. SPDR Series Trust78468R812
    6.4%$104.8M

Biggest buys

New and added positions, by estimated amount bought

  1. Pacer Trendpilot US Large Cap ETF69374H105
    +$8.23MAdded
  2. ISRGIntuitive Surgical Inc
    +$5.61MAddedHistory
  3. SPDR Series Trust78468R812
    +$3.57MAdded
  4. HONHoneywell International Inc
    +$3.38MNewHistory
  5. HONAHoneywell Aerospace Inc.
    +$3.33MNewHistory

Largest weight increases

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

  1. Invesco S&P 500 Quality ETF46137V241
    +0.70 pp8.7% → 9.4%
  2. Pacer Trendpilot US Large Cap ETF69374H105
    +0.39 pp9.0% → 9.4%
  3. ISRGIntuitive Surgical Inc
    +0.33 pp0.1% → 0.4%History
  4. Goldman Sachs ETF Tr381430503
    +0.22 pp7.3% → 7.5%
  5. HONHoneywell International Inc
    +0.21 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$6.92MSold outHistory
  2. MDTMedtronic plc
    −$4.41MSold outHistory
  3. iShares Tr464287432
    −$1.79MReduced
  4. HGVHilton Grand Vacations Inc.
    −$1.60MSold outHistory
  5. BRK.BBerkshire Hathaway Inc
    −$1.29MReducedHistory

Largest weight decreases

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

  1. HONHoneywell International Inc
    −0.47 pp0.5% → 0.0%History
  2. BRK.BBerkshire Hathaway Inc
    −0.34 pp3.7% → 3.3%History
  3. MDTMedtronic plc
    −0.30 pp0.3% → 0.0%History
  4. Pacer US Cash Cows 100 ETF69374H881
    −0.29 pp2.4% → 2.1%
  5. COPConocoPhillips
    −0.19 pp0.6% → 0.4%History

Metrics

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

Portfolio value
$1.64B
+$182.1M (+12.5%) vs. prior quarter
Positions
334
+19 vs. prior quarter
Top 10 concentration
60.1%
Top 10 as share of value
Turnover
2.1%
Q2 2026, one quarter
Average holding period
18.5 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 $1.64B (Q2 2026)

Q1 2021: $862.5MQ2 2021: $900.1MQ3 2021: $901.4MQ4 2021: $1.03BQ1 2022: $1.01BQ2 2022: $861.5MQ3 2022: $856.7MQ4 2022: $901.0MQ1 2023: $928.4MQ2 2023: $971.6MQ3 2023: $972.8MQ4 2023: $1.08BQ1 2024: $1.16BQ2 2024: $1.15BQ3 2024: $1.23BQ4 2024: $1.27BQ1 2025: $1.27BQ2 2025: $1.33BQ3 2025: $1.44BQ4 2025: $1.49BQ1 2026: $1.46BQ2 2026: $1.64B
Q1 2021Q2 2026
13F filings of SFMG, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026334$1.64BATOPacer Trendpilot US Large Cap ETFInvesco S&P 500 Quality ETFvs. Q1 2026SEC
Q1 2026May 12, 2026315$1.46BATOPacer Trendpilot US Large Cap ETFInvesco S&P 500 Quality ETFvs. Q4 2025SEC
Q4 2025Feb 10, 2026306$1.49BATOPacer Trendpilot US Large Cap ETFInvesco S&P 500 Quality ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025307$1.44BATOPacer Trendpilot US Large Cap ETFInvesco S&P 500 Quality ETFvs. Q2 2025SEC
Q2 2025Aug 12, 2025280$1.33BATOInvesco S&P 500 Quality ETFPacer Trendpilot US Large Cap ETFvs. Q1 2025SEC
Q1 2025May 9, 2025283$1.27BATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q4 2024SEC
Q4 2024Feb 11, 2025273$1.27BATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q3 2024SEC
Q3 2024Nov 25, 2024274$1.23BATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q2 2024SEC
Q2 2024Aug 14, 2024272$1.15BiShares Core S&P 500 ETFATOInvesco S&P 500 Quality ETFvs. Q1 2024SEC
Q1 2024May 7, 2024283$1.16BiShares Core S&P 500 ETFATOInvesco S&P 500 Quality ETFvs. Q4 2023SEC
Q4 2023Jan 30, 2024271$1.08BATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023254$972.8MATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q2 2023SEC
Q2 2023Aug 14, 2023257$971.6MATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q1 2023SEC
Q1 2023May 1, 2023263$928.4MATOInvesco S&P 500 Quality ETFiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Jan 25, 2023262$901.0MATOInvesco S&P 500 Quality ETFGoldman Sachs ETF Trvs. Q3 2022SEC
Q3 2022Oct 20, 2022251$856.7MATOiShares TrInvesco S&P 500 Quality ETFvs. Q2 2022SEC
Q2 2022Aug 8, 2022274$861.5MATOiShares TrInvesco S&P 500 Quality ETFvs. Q1 2022SEC
Q1 2022Apr 21, 2022298$1.01BATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q4 2021SEC
Q4 2021Jan 31, 2022291$1.03BATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q3 2021SEC
Q3 2021Nov 1, 2021257$901.4MATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q2 2021SEC
Q2 2021Aug 6, 2021261$900.1MATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFvs. Q1 2021SEC
Q1 2021May 3, 2021239$862.5MATOiShares Core S&P 500 ETFInvesco S&P 500 Quality ETF–SEC