Skip to main content
Livermore
Livermore
ZHEN

Litman Gregory Asset Management LLC

SEC CIK
0001551867
Latest filing
Feb 12, 2026

The latest 13F from Litman Gregory Asset Management LLC covers Q4 2025 (filed Feb 12, 2026): 356 long positions worth $1.37B. The top 10 holdings make up 56.1% of the portfolio, and the largest is iShares Core S&P 500 ETF at 11.1%. Livermore has 20 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2025

Share counts compared with Q3 2025: 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
211
Est. +$25.7M
Added
25
Est. +$27.4M
Reduced
73
Est. −$54.3M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    11.1%$151.1M
  2. Vanguard S&P 500 ETF922908363
    10.4%$142.0M
  3. Vanguard Ftse Developed Markets ETF921943858
    7.2%$98.9M
  4. iShares Tr46435G326
    7.2%$98.6M
  5. Vanguard Morningstar Total Stock Market ETF922908769
    6.1%$83.7M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +$15.1MAdded
  2. BBH Tr05528C675
    +$11.4MNew
  3. CBChubb Ltd
    +$4.02MNewHistory
  4. Vanguard Total Bond Market ETF921937835
    +$3.07MAdded
  5. AMZNAmazon Com Inc
    +$2.66MAddedHistory

Largest weight increases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +1.10 pp0.1% → 1.2%
  2. BBH Tr05528C675
    +0.84 pp0.0% → 0.8%
  3. CBChubb Ltd
    +0.29 pp0.0% → 0.3%History
  4. Vanguard Total Bond Market ETF921937835
    +0.20 pp1.4% → 1.6%
  5. AMZNAmazon Com Inc
    +0.20 pp0.1% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard S&P 500 ETF922908363
    −$13.3MReduced
  2. iShares Core S&P 500 ETF464287200
    −$4.48MReduced
  3. Vanguard Ftse Developed Markets ETF921943858
    −$3.41MReduced
  4. POOLPool Corp
    −$2.38MReducedHistory
  5. ODFLOld Dominion Freight Line, Inc.
    −$2.28MReducedHistory

Largest weight decreases

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

  1. Vanguard S&P 500 ETF922908363
    −0.89 pp11.3% → 10.4%
  2. iShares Core S&P 500 ETF464287200
    −0.25 pp11.3% → 11.1%
  3. POOLPool Corp
    −0.24 pp0.3% → <0.1%History
  4. Vanguard Ftse Emerging Markets ETF922042858
    −0.19 pp3.1% → 3.0%
  5. ZTSZoetis Inc.
    −0.17 pp0.3% → 0.2%History

Metrics

13F metrics for Q4 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.37B
+$21.8M (+1.6%) vs. prior quarter
Positions
356
+211 vs. prior quarter
Top 10 concentration
56.1%
Top 10 as share of value
Turnover
3.9%
Q4 2025, one quarter
Average holding period
12.2 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

20 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.37B (Q4 2025)

Q1 2021: $510.6MQ2 2021: $521.2MQ3 2021: $531.2MQ4 2021: $588.6MQ1 2022: $683.4MQ2 2022: $679.8MQ3 2022: $625.3MQ4 2022: $715.9MQ1 2023: $268.6MQ2 2023: $801.2MQ3 2023: $969.2MQ4 2023: $1.05BQ1 2024: $1.10BQ2 2024: $1.13BQ3 2024: $1.20BQ4 2024: $1.15BQ1 2025: $1.17BQ2 2025: $1.27BQ3 2025: $1.34BQ4 2025: $1.37B
Q1 2021Q4 2025
13F filings of Litman Gregory Asset Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2025Feb 12, 2026356$1.37BiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2025SEC
Q3 2025Oct 16, 2025145$1.34BiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2025SEC
Q2 2025Jul 23, 2025138$1.27BiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2025SEC
Q1 2025May 2, 2025138$1.17BVanguard S&P 500 ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Jan 24, 2025136$1.15BVanguard S&P 500 ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Oct 22, 2024139$1.20BiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Jul 30, 2024133$1.13BiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2024SEC
Q1 2024May 3, 2024131$1.10BiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Jan 31, 2024119$1.05BiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2023SEC
Q3 2023Oct 23, 2023122$969.2MiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETFvs. Q2 2023SEC
Q2 2023Aug 9, 202382$801.2MiShares Core S&P 500 ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETFvs. Q1 2023SEC
Q1 2023Apr 26, 202340$268.6MiShares Core S&P 500 ETFVanguard Malvern FDSAmerican Centy ETF Trvs. Q4 2022SEC
Q4 2022Jan 18, 202378$715.9MiShares Core S&P 500 ETFVanguard Ftse Emerging Markets ETFVanguard S&P 500 ETFvs. Q3 2022SEC
Q3 2022Oct 13, 202278$625.3MiShares Core S&P 500 ETFVanguard Ftse Emerging Markets ETFState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q2 2022SEC
Q2 2022Jul 21, 202288$679.8MVanguard Ftse Emerging Markets ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2022SEC
Q1 2022May 4, 202255$683.4MiShares Core S&P 500 ETFVanguard Ftse Emerging Markets ETFVanguard Ftse Developed Markets ETFvs. Q4 2021SEC
Q4 2021Feb 10, 202279$588.6MVanguard Ftse Emerging Markets ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2021SEC
Q3 2021Nov 3, 202175$531.2MVanguard Ftse Emerging Markets ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2021SEC
Q2 2021Jul 27, 202176$521.2MVanguard Ftse Emerging Markets ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2021SEC
Q1 2021May 10, 2021190$510.6MVanguard Ftse Emerging Markets ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETF–SEC