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Livermore
Livermore
ZHEN

Smith & Howard Wealth Management, LLC

SEC CIK
0001543991
Latest filing
Aug 3, 2026

The latest 13F from Smith & Howard Wealth Management, LLC covers Q2 2026 (filed Aug 3, 2026): 87 long positions worth $486.2M. The top 10 holdings make up 68.0% of the portfolio, and the largest is Vanguard Malvern FDS at 18.1%. 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
7
Est. +$3.45M
Added
13
Est. +$8.68M
Reduced
42
Est. −$18.2M
Sold out
8
Est. −$9.19M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Malvern FDS922020748
    18.1%$87.9M
  2. Vanguard Morningstar Total Stock Market ETF922908769
    12.1%$58.9M
  3. iShares Core MSCI Eafe ETF46432F842
    8.4%$40.7M
  4. Vanguard Morningstar Value ETF922908744
    6.8%$33.3M
  5. J P Morgan Exchange Traded F46641Q647
    4.5%$21.9M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Malvern FDS922020748
    +$3.84MAdded
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +$3.03MAdded
  3. New York Life Invts Active E45409F827
    +$2.07MNew
  4. iShares Core MSCI Eafe ETF46432F842
    +$722.0KAdded
  5. Vanguard Morningstar Mid-Cap ETF922908629
    +$601.9KAddedConverted for a 4-for-1 split

Largest weight increases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +0.48 pp2.8% → 3.3%
  2. New York Life Invts Active E45409F827
    +0.43 pp0.0% → 0.4%
  3. Vanguard Morningstar Value ETF922908744
    +0.39 pp6.5% → 6.8%
  4. Vanguard Morningstar Mid-Cap ETF922908629
    +0.35 pp3.4% → 3.7%
  5. iShares Core MSCI Eafe ETF46432F842
    +0.27 pp8.1% → 8.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$10.2MReducedHistory
  2. iShares Tr464287432
    −$7.51MSold out
  3. iShares MSCI Eafe ETF464287465
    −$1.04MReduced
  4. Vanguard Morningstar Small-Cap ETF922908751
    −$840.2KReduced
  5. J P Morgan Exchange Traded F46641Q647
    −$807.2KReduced

Largest weight decreases

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

  1. SPYSPDR S&P 500 ETF Trust
    −1.70 pp4.0% → 2.3%History
  2. iShares Tr464287432
    −1.62 pp1.6% → 0.0%
  3. J P Morgan Exchange Traded F46641Q647
    −0.34 pp4.9% → 4.5%
  4. Vanguard Total Bond Market ETF921937835
    −0.26 pp2.1% → 1.8%
  5. iShares MSCI Eafe ETF464287465
    −0.17 pp1.3% → 1.1%

Metrics

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

Portfolio value
$486.2M
+$23.7M (+5.1%) vs. prior quarter
Positions
87
−1 vs. prior quarter
Top 10 concentration
68.0%
Top 10 as share of value
Turnover
2.6%
Q2 2026, one quarter
Average holding period
17.2 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 $486.2M (Q2 2026)

Q1 2021: $199.3MQ2 2021: $210.5MQ3 2021: $211.8MQ4 2021: $221.0MQ1 2022: $237.8MQ2 2022: $236.2MQ3 2022: $234.6MQ4 2022: $261.7MQ1 2023: $289.7MQ2 2023: $284.1MQ3 2023: $283.8MQ4 2023: $282.8MQ1 2024: $323.4MQ2 2024: $335.3MQ3 2024: $355.5MQ4 2024: $353.3MQ1 2025: $366.0MQ2 2025: $394.2MQ3 2025: $429.1MQ4 2025: $437.0MQ1 2026: $462.4MQ2 2026: $486.2M
Q1 2021Q2 2026
13F filings of Smith & Howard Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 202687$486.2MVanguard Malvern FDSVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q1 2026SEC
Q1 2026Apr 27, 202688$462.4MVanguard Malvern FDSVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Feb 3, 202680$437.0MVanguard Malvern FDSVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q3 2025SEC
Q3 2025Nov 12, 202577$429.1MVanguard Malvern FDSVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q2 2025SEC
Q2 2025Jul 15, 202579$394.2MVanguard Malvern FDSVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q1 2025SEC
Q1 2025Apr 23, 202580$366.0MiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Feb 7, 202582$353.3MiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Oct 23, 202480$355.5MiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Jul 16, 202481$335.3MiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024Apr 15, 202476$323.4MiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFvs. Q4 2023SEC
Q4 2023Feb 1, 202471$282.8MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q3 2023SEC
Q3 2023Oct 13, 202367$283.8MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q2 2023SEC
Q2 2023Jul 17, 202368$284.1MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q1 2023SEC
Q1 2023Apr 13, 202369$289.7MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Feb 7, 202368$261.7MVanguard Morningstar Total Stock Market ETFiShares Core MSCI Eafe ETFiShares Core U.S. Aggregate Bond ETFvs. Q3 2022SEC
Q3 2022Oct 18, 202266$234.6MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q2 2022SEC
Q2 2022Aug 5, 202266$236.2MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q1 2022SEC
Q1 2022May 3, 202269$237.8MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q4 2021SEC
Q4 2021Jan 18, 202269$221.0MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q3 2021SEC
Q3 2021Oct 22, 202168$211.8MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q2 2021SEC
Q2 2021Aug 6, 202162$210.5MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETFvs. Q1 2021SEC
Q1 2021Apr 30, 202163$199.3MVanguard Morningstar Total Stock Market ETFiShares Core U.S. Aggregate Bond ETFiShares Core MSCI Eafe ETF–SEC