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Livermore
Livermore
ZHEN

M Holdings Securities, Inc.

SEC CIK
0001569638
Latest filing
Aug 11, 2026

The latest 13F from M Holdings Securities, Inc. covers Q2 2026 (filed Aug 11, 2026): 148 long positions worth $731.1M. The top 10 holdings make up 58.5% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 33.4%. Livermore has 21 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
8
Est. +$4.23M
Added
65
Est. +$135.2M
Reduced
64
Est. −$154.0M
Sold out
149
Est. −$772.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    33.4%$244.2MHistory
  2. Dimensional ETF Trust25434V724
    4.2%$30.7M
  3. JPMJPMorgan Chase & Co
    3.4%$24.7MHistory
  4. Dimensional ETF Trust25434V807
    3.2%$23.7M
  5. NVDANVIDIA Corp
    3.2%$23.7MHistory

Share of portfolio

Top 5 holdings and the other 143 positions, by share of portfolio value

  1. SPY33.4%
  2. Dimensional ETF Trust4.2%
  3. JPM3.4%
  4. Dimensional ETF Trust3.2%
  5. NVDA3.2%
  6. Other 143 positions52.5%

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$128.4MAddedHistory
  2. Dimensional ETF Trust25434V773
    +$1.65MAdded
  3. SNYSanofi
    +$906.0KNewHistory
  4. BlackRock ETF Trust09290C764
    +$668.0KNew
  5. FCXFreeport-McMoran Inc
    +$660.0KNewHistory

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +26.48 pp6.9% → 33.4%History
  2. MRKMerck & Co., Inc.
    +0.62 pp0.5% → 1.1%History
  3. METAMeta Platforms, Inc.
    +0.56 pp0.6% → 1.1%History
  4. Dimensional ETF Trust25434V773
    +0.49 pp0.3% → 0.8%
  5. ABBVAbbVie Inc.
    +0.46 pp0.3% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$117.3MSold outHistory
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    −$74.3MSold out
  3. NHCNational Healthcare Corp
    −$73.8MSold outHistory
  4. iShares Core S&P 500 ETF464287200
    −$65.4MSold out
  5. NHINational Health Investors Inc
    −$36.7MReducedHistory

Largest weight decreases

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

  1. AAPLApple Inc.
    −7.93 pp7.9% → 0.0%History
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    −5.03 pp5.0% → 0.0%
  3. NHCNational Healthcare Corp
    −4.99 pp5.0% → 0.0%History
  4. iShares Core S&P 500 ETF464287200
    −4.42 pp4.4% → 0.0%
  5. NHINational Health Investors Inc
    −2.69 pp2.9% → 0.2%History

Metrics

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

Portfolio value
$731.1M
−$747.8M (−50.6%) vs. prior quarter
Positions
148
−141 vs. prior quarter
Top 10 concentration
58.5%
Top 10 as share of value
Turnover
12.6%
Q2 2026, one quarter
Average holding period
9.0 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

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

Peak $1.48B (Q1 2026)

Q1 2021: $1.10BQ2 2021: $1.02BQ1 2022: $1.32BQ2 2022: $987.6MQ3 2022: $904.7MQ4 2022: $949.0MQ1 2023: $966.4MQ2 2023: $484.9MQ3 2023: $757.7MQ4 2023: $885.1MQ1 2024: $594.9MQ2 2024: $771.4MQ3 2024: $397.6MQ4 2024: $620.2MQ1 2025: $601.1MQ2 2025: $583.4MQ3 2025: $473.1MQ4 2025: $1.40BQ1 2026: $1.48BQ2 2026: $731.1M
Q1 2021Q2 2026
13F filings of M Holdings Securities, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026148$731.1MSPYDimensional ETF TrustJPMvs. Q1 2026SEC
Q1 2026May 12, 2026289$1.48BAAPLSPYVanguard Ftse All-World Ex-US Index Fundvs. Q4 2025SEC
Q4 2025Feb 11, 2026296$1.40BAAPLSPYVanguard Ftse All-World Ex-US Index Fundvs. Q3 2025SEC
Q3 2025Nov 13, 202587$473.1MAAPLNHCiShares Core S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 13, 2025157$583.4MSPYNHINVDAvs. Q1 2025SEC
Q1 2025May 13, 2025140$601.1MiShares Core S&P 500 ETFSPYVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Feb 13, 2025Amended133$620.2MSPYInvesco QQQ Trust Series IiShares Core S&P 500 ETFvs. Q3 2024SEC
Q3 2024Nov 12, 202491$397.6MSPYInvesco QQQ Trust Series IAAPLvs. Q2 2024SEC
Q2 2024Aug 13, 2024310$771.4MSPYAAPLInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 14, 2024128$594.9MiShares Core S&P 500 ETFSPYInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 14, 2024180$885.1MiShares Core S&P 500 ETFSPYDimensional U.S. Core Equity 2 ETFvs. Q3 2023SEC
Q3 2023Feb 14, 2024196$757.7MiShares Core S&P 500 ETFSPYDimensional U.S. Core Equity 2 ETFvs. Q2 2023SEC
Q2 2023Sep 26, 2023207$484.9MSPYiShares Core S&P 500 ETFDimensional U.S. Core Equity 2 ETFvs. Q1 2023SEC
Q1 2023May 16, 2023467$966.4MiShares Core S&P 500 ETFSPYDimensional U.S. Core Equity 2 ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023451$949.0MSPYiShares Core S&P 500 ETFDimensional U.S. Core Equity 2 ETFvs. Q3 2022SEC
Q3 2022Nov 17, 2022433$904.7MSPYiShares Core S&P 500 ETFDimensional U.S. Core Equity 2 ETFvs. Q2 2022SEC
Q2 2022Aug 16, 2022438$987.6MSPYiShares Core S&P 500 ETFDimensional U.S. Core Equity 2 ETFvs. Q1 2022SEC
Q1 2022May 24, 2022502$1.32BSPYiShares Core S&P 500 ETFInvesco QQQ Trust Series I–SEC
Q2 2021Aug 19, 2021229$1.02BSPYiShares Core S&P 500 ETFInvesco QQQ Trust Series Ivs. Q1 2021SEC
Q1 2021May 12, 2021488$1.10BSPYiShares Core S&P 500 ETFAAPL–SEC