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Livermore
Livermore
ZHEN

Berkshire Money Management, Inc.

SEC CIK
0001535172
Latest filing
Jul 23, 2026

The latest 13F from Berkshire Money Management, Inc. covers Q2 2026 (filed Jul 23, 2026): 56 long positions worth $1.09B. The top 10 holdings make up 71.7% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 22.9%. 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
7
Est. +$3.22M
Added
14
Est. +$15.4M
Reduced
21
Est. −$18.1M
Sold out
3
Est. −$7.49M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    22.9%$251.1MHistory
  2. DIASPDR Dow Jones Industrial Average ETF Trust
    9.7%$106.7MHistory
  3. Invesco QQQ Trust Series I46090E103
    6.9%$76.0M
  4. Innovator ETFs Trust45784N866
    6.8%$74.8M
  5. Invesco Exchange Traded FD T46137V357
    6.1%$66.2M

Share of portfolio

Top 5 holdings and the other 51 positions, by share of portfolio value

  1. SPY22.9%
  2. DIA9.7%
  3. Invesco QQQ Trust Series I6.9%
  4. Innovator ETFs Trust6.8%
  5. Invesco Exchange Traded FD T6.1%
  6. Other 51 positions47.5%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco QQQ Trust Series I46090E103
    +$4.94MAdded
  2. Innovator ETFs Trust45784N866
    +$4.18MAdded
  3. Vanguard Ftse Developed Markets ETF921943858
    +$1.85MAdded
  4. STMSTMicroelectronics N.V.
    +$1.48MNewHistory
  5. Invesco Exchange Traded FD T46137V357
    +$1.05MAdded

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +1.24 pp5.7% → 6.9%
  2. Innovator ETFs Trust45784N866
    +0.30 pp6.5% → 6.8%
  3. Vanguard Ftse Developed Markets ETF921943858
    +0.14 pp3.0% → 3.1%
  4. iShares Russell 2000 ETF464287655
    +0.14 pp0.7% → 0.9%
  5. STMSTMicroelectronics N.V.
    +0.14 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Innovator ETFs Trust45783Y137
    −$6.17MReduced
  2. State Street SPDR S&P Regional Banking ETF78464A698
    −$5.48MSold out
  3. SPYSPDR S&P 500 ETF Trust
    −$2.46MReducedHistory
  4. Innovator ETFs Trust45782C433
    −$2.41MReduced
  5. Innovator ETFs Trust45782C748
    −$2.25MReduced

Largest weight decreases

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

  1. Innovator ETFs Trust45783Y137
    −0.63 pp1.3% → 0.7%
  2. State Street SPDR S&P Regional Banking ETF78464A698
    −0.56 pp0.6% → 0.0%
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.26 pp2.4% → 2.1%
  4. Innovator ETFs Trust45782C748
    −0.24 pp0.5% → 0.2%
  5. Innovator ETFs Trust45782C433
    −0.23 pp0.7% → 0.5%

Metrics

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

Portfolio value
$1.09B
+$118.0M (+12.1%) vs. prior quarter
Positions
56
+4 vs. prior quarter
Top 10 concentration
71.7%
Top 10 as share of value
Turnover
1.8%
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 $1.09B (Q2 2026)

Q1 2021: $571.7MQ2 2021: $621.5MQ3 2021: $629.9MQ4 2021: $683.6MQ1 2022: $696.3MQ2 2022: $602.1MQ3 2022: $581.6MQ4 2022: $631.3MQ1 2023: $659.7MQ2 2023: $692.1MQ3 2023: $660.2MQ4 2023: $751.4MQ1 2024: $828.4MQ2 2024: $823.5MQ3 2024: $873.7MQ4 2024: $919.8MQ1 2025: $891.1MQ2 2025: $950.3MQ3 2025: $971.6MQ4 2025: $1.05BQ1 2026: $976.4MQ2 2026: $1.09B
Q1 2021Q2 2026
13F filings of Berkshire Money Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202656$1.09BSPYDIAInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026Apr 21, 202652$976.4MSPYDIAInnovator ETFs Trustvs. Q4 2025SEC
Q4 2025Jan 27, 2026131$1.05BSPYDIAInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Oct 14, 202548$971.6MSPYDIAInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Jul 22, 2025155$950.3MSPYDIAInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025Apr 23, 2025102$891.1MSPYInvesco QQQ Trust Series IDIAvs. Q4 2024SEC
Q4 2024Jan 27, 202586$919.8MSPYInvesco QQQ Trust Series IDIAvs. Q3 2024SEC
Q3 2024Oct 16, 202440$873.7MSPYInvesco QQQ Trust Series IInnovator ETFs Trustvs. Q2 2024SEC
Q2 2024Jul 19, 202439$823.5MSPYDirexion Shares ETF TrustInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 8, 202484$828.4MSPYDIADirexion Shares ETF Trustvs. Q4 2023SEC
Q4 2023Feb 8, 202440$751.4MSPYInnovator ETFs TrustDIAvs. Q3 2023SEC
Q3 2023Oct 17, 202340$660.2MSPYInnovator ETFs TrustDIAvs. Q2 2023SEC
Q2 2023Aug 7, 202347$692.1MSPYVanguard Dividend Appreciation ETFDIAvs. Q1 2023SEC
Q1 2023May 12, 202345$659.7MDIASPYVanguard Dividend Appreciation ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202345$631.3MDIASPYVanguard Dividend Appreciation ETFvs. Q3 2022SEC
Q3 2022Oct 21, 202243$581.6MDIASPYVanguard Dividend Appreciation ETFvs. Q2 2022SEC
Q2 2022Jul 14, 202247$602.1MVanguard Dividend Appreciation ETFDIASPYvs. Q1 2022SEC
Q1 2022Apr 19, 202230$696.3MVanguard Dividend Appreciation ETFDIASPYvs. Q4 2021SEC
Q4 2021Jan 14, 202228$683.6MVanguard Dividend Appreciation ETFSPYDIAvs. Q3 2021SEC
Q3 2021Oct 13, 202126$629.9MSPYVanguard Dividend Appreciation ETFDIAvs. Q2 2021SEC
Q2 2021Jul 23, 202127$621.5MVanguard Dividend Appreciation ETFSPYDIAvs. Q1 2021SEC
Q1 2021Apr 20, 202128$571.7MSPYVanguard Dividend Appreciation ETFDIA–SEC