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Livermore
Livermore
ZHEN

Financial Management Professionals, Inc.

SEC CIK
0001568132
Latest filing
Jul 9, 2026

The latest 13F from Financial Management Professionals, Inc. covers Q2 2026 (filed Jul 9, 2026): 1,054 long positions worth $1.05B. The top 10 holdings make up 57.6% of the portfolio, and the largest is Goldman Sachs ETF Tr at 10.6%. 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
147
Est. +$58.6M
Added
310
Est. +$99.9M
Reduced
142
Est. −$82.9M
Sold out
54
Est. −$6.74M

Top 5 holdings

Share of this quarter's portfolio value

  1. Goldman Sachs ETF Tr381430503
    10.6%$112.0M
  2. Dimensional ETF Trust25434V203
    6.8%$71.5M
  3. Goldman Sachs ETF Tr381430107
    6.1%$64.5M
  4. Schwab U.S. Large-Cap ETF808524201
    5.7%$60.6M
  5. John Hancock Exchange Traded47804J206
    5.7%$60.6M

Share of portfolio

Top 5 holdings and the other 1,049 positions, by share of portfolio value

  1. Goldman Sachs ETF Tr10.6%
  2. Dimensional ETF Trust6.8%
  3. Goldman Sachs ETF Tr6.1%
  4. Schwab U.S. Large-Cap ETF5.7%
  5. John Hancock Exchange Traded5.7%
  6. Other 1,049 positions65.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional Emerging Core Equity Market ETF25434V302
    +$29.5MNew
  2. iShares Tr46435U853
    +$26.0MAdded
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$25.1MAdded
  4. SPYSPDR S&P 500 ETF Trust
    +$17.3MAddedHistory
  5. SPDR Series Trust78464A805
    +$11.2MNew

Largest weight increases

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

  1. Dimensional Emerging Core Equity Market ETF25434V302
    +2.79 pp0.0% → 2.8%
  2. iShares Tr46435U853
    +2.47 pp<0.1% → 2.5%
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +2.35 pp0.2% → 2.5%
  4. SPYSPDR S&P 500 ETF Trust
    +1.63 pp0.4% → 2.0%History
  5. SPDR Series Trust78464A805
    +1.06 pp0.0% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Series Trust78464A334
    −$24.1MReduced
  2. iShares Core MSCI Emerging Markets ETF46434G103
    −$12.4MReduced
  3. SPDR Index Shs FDS78463X202
    −$9.99MReduced
  4. Goldman Sachs ETF Tr381430503
    −$8.24MReduced
  5. John Hancock Exchange Traded47804J206
    −$6.32MReduced

Largest weight decreases

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

  1. SPDR Series Trust78464A334
    −2.73 pp2.8% → <0.1%
  2. Goldman Sachs ETF Tr381430503
    −1.27 pp11.9% → 10.6%
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −1.16 pp3.8% → 2.6%
  4. SPDR Index Shs FDS78463X202
    −1.01 pp1.0% → <0.1%
  5. John Hancock Exchange Traded47804J206
    −0.97 pp6.7% → 5.7%

Metrics

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

Portfolio value
$1.05B
+$162.8M (+18.3%) vs. prior quarter
Positions
1,054
+93 vs. prior quarter
Top 10 concentration
57.6%
Top 10 as share of value
Turnover
9.2%
Q2 2026, one quarter
Average holding period
17.0 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 $1.05B (Q2 2026)

Q1 2021: $373.7MQ2 2021: $388.5MQ3 2021: $433.2MQ4 2021: $471.9MQ1 2022: $461.2MQ2 2022: $412.1MQ3 2022: $436.8MQ4 2022: $488.7MQ1 2023: $518.2MQ2 2023: $597.8MQ3 2023: $568.7MQ4 2023: $613.7MQ1 2024: $678.5MQ2 2024: $728.6MQ3 2024: $805.4MQ4 2024: $791.1MQ1 2025: $782.9MQ2 2025: $888.8MQ3 2025: $960.8MQ4 2025: $969.6MQ1 2026: $891.6MQ2 2026: $1.05B
Q1 2021Q2 2026
13F filings of Financial Management Professionals, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 9, 20261,054$1.05BGoldman Sachs ETF TrDimensional ETF TrustGoldman Sachs ETF Trvs. Q1 2026SEC
Q1 2026Apr 15, 2026961$891.6MGoldman Sachs ETF TrDimensional ETF TrustJohn Hancock Exchange Tradedvs. Q4 2025SEC
Q4 2025Jan 27, 2026965$969.6MGoldman Sachs ETF TrDimensional ETF TrustSchwab U.S. Large-Cap Growth ETFvs. Q3 2025SEC
Q3 2025Oct 15, 2025946$960.8MGoldman Sachs ETF TrSchwab U.S. Large-Cap Growth ETFDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Jul 15, 20251,015$888.8MGoldman Sachs ETF TrSchwab U.S. Large-Cap Growth ETFDimensional ETF Trustvs. Q1 2025SEC
Q1 2025Apr 10, 2025994$782.9MGoldman Sachs ETF TrDimensional ETF TrustSchwab U.S. Large-Cap Growth ETFvs. Q4 2024SEC
Q4 2024Jan 15, 2025983$791.1MGoldman Sachs ETF TrSchwab U.S. Large-Cap Growth ETFJohn Hancock Exchange Tradedvs. Q3 2024SEC
Q3 2024Oct 24, 20241,012$805.4MGoldman Sachs ETF TrSchwab U.S. Large-Cap Growth ETFJohn Hancock Exchange Tradedvs. Q2 2024SEC
Q2 2024Jul 12, 2024981$728.6MGoldman Sachs ETF TrSchwab U.S. Large-Cap Growth ETFJohn Hancock Exchange Tradedvs. Q1 2024SEC
Q1 2024Apr 16, 20241,042$678.5MGoldman Sachs ETF TrSchwab U.S. Large-Cap Growth ETFJohn Hancock Exchange Tradedvs. Q4 2023SEC
Q4 2023Jan 12, 20241,036$613.7MGoldman Sachs ETF TrSchwab U.S. Large-Cap Growth ETFJohn Hancock Exchange Tradedvs. Q3 2023SEC
Q3 2023Oct 13, 2023981$568.7MGoldman Sachs ETF TrSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2023SEC
Q2 2023Jul 10, 20231,020$597.8MGoldman Sachs ETF TrSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2023SEC
Q1 2023Apr 13, 20231,104$518.2MGoldman Sachs ETF TrJohn Hancock Exchange TradedSchwab U.S. Large-Cap Value ETFvs. Q4 2022SEC
Q4 2022Jan 11, 20231,038$488.7MGoldman Sachs ETF TrSchwab U.S. Large-Cap Value ETFJohn Hancock Exchange Tradedvs. Q3 2022SEC
Q3 2022Oct 27, 20221,050$436.8MGoldman Sachs ETF TrSchwab U.S. Large-Cap ETFJohn Hancock Exchange Tradedvs. Q2 2022SEC
Q2 2022Jul 12, 20221,024$412.1MGoldman Sachs ETF TrSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Value ETFvs. Q1 2022SEC
Q1 2022Apr 27, 20221,086$461.2MGoldman Sachs ETF TrSchwab U.S. Large-Cap ETFVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Jan 28, 20221,011$471.9MGoldman Sachs ETF TrVanguard S&P 500 ETFJohn Hancock Exchange Tradedvs. Q3 2021SEC
Q3 2021Nov 2, 2021987$433.2MGoldman Sachs ETF TrVanguard S&P 500 ETFJohn Hancock Exchange Tradedvs. Q2 2021SEC
Q2 2021Aug 5, 2021927$388.5MState Street SPDR S&P 400 Mid Cap Value ETFSchwab U.S. Small-Cap ETFGoldman Sachs ETF Trvs. Q1 2021SEC
Q1 2021Apr 26, 2021677$373.7MSchwab U.S. Small-Cap ETFGoldman Sachs ETF TrSchwab U.S. Large-Cap ETF–SEC