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Livermore
Livermore
ZHEN

Mader & Shannon Wealth Management, Inc.

SEC CIK
0001535862
Latest filing
Jul 7, 2026

The latest 13F from Mader & Shannon Wealth Management, Inc. covers Q2 2026 (filed Jul 7, 2026): 21 long positions worth $214.1M. The top 10 holdings make up 78.5% of the portfolio, and the largest is iShares Tr at 15.8%. 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
1
Est. +$310.9K
Added
17
Est. +$1.92M
Reduced
3
Est. −$273.1K
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr46436E718
    15.8%$33.9M
  2. IAUiShares Gold Trust
    11.8%$25.2MHistory
  3. GLDSPDR Gold Trust
    11.7%$25.0MHistory
  4. iShares Tr464287457
    9.7%$20.7M
  5. Invesco Exch Traded FD Tr II46138G870
    8.2%$17.6M

Share of portfolio

Top 5 holdings and the other 16 positions, by share of portfolio value

  1. iShares Tr15.8%
  2. IAU11.8%
  3. GLD11.7%
  4. iShares Tr9.7%
  5. Invesco Exch Traded FD Tr II8.2%
  6. Other 16 positions42.8%

Biggest buys

New and added positions, by estimated amount bought

  1. AMATApplied Materials Inc
    +$310.9KNewHistory
  2. KNXKnight-Swift Transportation Holdings Inc.
    +$219.4KAddedHistory
  3. iShares Tr464288851
    +$185.7KAdded
  4. DHIHorton D R Inc
    +$171.0KAddedHistory
  5. iShares Tr464288752
    +$167.4KAdded

Largest weight increases

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

  1. KNXKnight-Swift Transportation Holdings Inc.
    +1.74 pp4.5% → 6.2%History
  2. FSLRFirst Solar, Inc.
    +0.51 pp2.1% → 2.6%History
  3. DHIHorton D R Inc
    +0.47 pp2.0% → 2.5%History
  4. iShares Tr464288752
    +0.40 pp2.0% → 2.4%
  5. DINOHF Sinclair Corp
    +0.30 pp2.1% → 2.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GLDSPDR Gold Trust
    −$107.6KReducedHistory
  2. VanEck ETF Trust92189F106
    −$106.3KReduced
  3. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$59.3KReduced

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −1.89 pp13.6% → 11.7%History
  2. VanEck ETF Trust92189F106
    −0.70 pp3.8% → 3.1%

Metrics

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

Portfolio value
$214.1M
−$2.01M (−0.9%) vs. prior quarter
Positions
21
+1 vs. prior quarter
Top 10 concentration
78.5%
Top 10 as share of value
Turnover
0.1%
Q2 2026, one quarter
Average holding period
13.6 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 $216.1M (Q1 2026)

Q1 2021: $170.9MQ2 2021: $194.1MQ3 2021: $156.5MQ4 2021: $180.7MQ1 2022: $184.2MQ2 2022: $167.4MQ3 2022: $91.8MQ4 2022: $151.1MQ1 2023: $151.6MQ2 2023: $161.9MQ3 2023: $152.1MQ4 2023: $175.8MQ1 2024: $178.3MQ2 2024: $166.4MQ3 2024: $172.0MQ4 2024: $161.7MQ1 2025: $175.3MQ2 2025: $183.6MQ3 2025: $204.0MQ4 2025: $204.0MQ1 2026: $216.1MQ2 2026: $214.1M
Q1 2021Q2 2026
13F filings of Mader & Shannon Wealth Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 7, 202621$214.1MiShares TrIAUGLDvs. Q1 2026SEC
Q1 2026Apr 13, 202620$216.1MiShares TrIAUGLDvs. Q4 2025SEC
Q4 2025Jan 29, 202623$204.0MIAUGLDiShares Trvs. Q3 2025SEC
Q3 2025Nov 12, 202523$204.0MIAUGLDiShares Trvs. Q2 2025SEC
Q2 2025Jul 31, 202522$183.6MiShares TrGLDIAUvs. Q1 2025SEC
Q1 2025May 5, 202521$175.3MGLDIAUiShares Trvs. Q4 2024SEC
Q4 2024Feb 3, 202521$161.7MGLDIAUiShares Trvs. Q3 2024SEC
Q3 2024Nov 12, 202415$172.0MGLDIAUiShares Trvs. Q2 2024SEC
Q2 2024Aug 1, 202412$166.4MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFGLDvs. Q1 2024SEC
Q1 2024May 13, 202411$178.3MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFGLDvs. Q4 2023SEC
Q4 2023Jan 24, 202411$175.8MiShares TriShares Trust iShares 0-1 Year Treasury Bond ETFIAUvs. Q3 2023SEC
Q3 2023Nov 7, 202312$152.1MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrGLDvs. Q2 2023SEC
Q2 2023Aug 8, 202317$161.9MIAUGLDiShares Trvs. Q1 2023SEC
Q1 2023May 10, 202316$151.6MIAUGLDiShares Trvs. Q4 2022SEC
Q4 2022Jan 24, 202316$151.1MIAUGLDiShares Trvs. Q3 2022SEC
Q3 2022Oct 27, 202212$91.8MIAUGLDSchwab US Tips ETFvs. Q2 2022SEC
Q2 2022Jul 26, 202221$167.4MIAUGLDiShares Trvs. Q1 2022SEC
Q1 2022May 5, 202223$184.2MIAUGLDVanguard Scottsdale FDSvs. Q4 2021SEC
Q4 2021Jan 28, 202221$180.7MIAUGLDVanguard Scottsdale FDSvs. Q3 2021SEC
Q3 2021Nov 1, 202121$156.5MIAUGLDVanguard Scottsdale FDSvs. Q2 2021SEC
Q2 2021Aug 11, 202126$194.1MIAUGLDVanguard Scottsdale FDSvs. Q1 2021SEC
Q1 2021May 3, 202125$170.9MIAUGLDVanguard Scottsdale FDS–SEC