Friedenthal Financial
- SEC CIK
- 0001598611
- Latest filing
- Jul 13, 2026
The latest 13F from Friedenthal Financial covers Q2 2026 (filed Jul 13, 2026): 253 long positions worth $216.1M. The top 10 holdings make up 36.7% of the portfolio, and the largest is iShares Tr at 11.9%. 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.
- New
- 68
- Est. +$47.9M
- Added
- 60
- Est. +$15.0M
- Reduced
- 45
- Est. −$16.0M
- Sold out
- 58
- Est. −$41.2M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Tr46428715011.9%$25.7M
- Schwab U.S. Small-Cap ETF8085246074.1%$8.93M
- iShares Core S&P Mid-Cap ETF4642875073.5%$7.58M
- iShares Tr46429B7472.9%$6.19M
- iShares Inc46434G5092.8%$5.99M
Biggest buys
New and added positions, by estimated amount bought
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Tr46435G102+2.03 pp0.0% → 2.0%
- iShares Tr46429B655+2.01 pp0.0% → 2.0%
- iShares Tr464288281+2.00 pp<0.1% → 2.0%
- iShares Tr464287150+0.90 pp11.0% → 11.9%
- ACHCAcadia Healthcare Company, Inc.
Biggest sells
Reduced and sold-out positions, by estimated amount sold
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $216.1M
- +$17.1M (+8.6%) vs. prior quarter
- Positions
- 253
- +10 vs. prior quarter
- Top 10 concentration
- 36.7%
- Top 10 as share of value
- Turnover
- 27.6%
- Q2 2026, one quarter
- Average holding period
- 12.6 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 (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 13, 2026 | 253 | $216.1M | iShares TrSchwab U.S. Small-Cap ETFiShares Core S&P Mid-Cap ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 20, 2026 | 243 | $199.1M | iShares TrSchwab U.S. Small-Cap ETFiShares Core S&P Mid-Cap ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 27, 2026 | 250 | $194.0M | iShares TrFirst Tr Exchange-Traded FDSchwab U.S. Small-Cap ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 15, 2025 | 266 | $193.7M | iShares TriShares TrSchwab U.S. Small-Cap ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 23, 2025 | 260 | $182.4M | iShares TriShares MSCI Eafe Min Vol Factor ETFSchwab U.S. Small-Cap ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 21, 2025 | 212 | $167.4M | iShares TrFirst Tr Exchange-Traded FDiShares MSCI Eafe Min Vol Factor ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 13, 2025 | 257 | $171.1M | iShares TriShares InciShares MSCI Eafe Min Vol Factor ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 17, 2024 | 228 | $170.8M | iShares TriShares InciShares MSCI Eafe Min Vol Factor ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 16, 2024 | 223 | $160.4M | iShares TriShares InciShares MSCI Eafe Min Vol Factor ETF | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 25, 2024 | 221 | $162.5M | iShares TriShares IncFirst Tr Exchange-Traded FD | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 29, 2024 | 228 | $153.3M | iShares TriShares InciShares Tr | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 17, 2023 | 103 | $147.4M | iShares TriShares InciShares MSCI Eafe Min Vol Factor ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 21, 2023 | 102 | $149.8M | iShares TriShares IncSchwab US Aggregate Bond ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 2, 2023 | 105 | $142.2M | iShares TriShares IncVanguard Total International Bond ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 31, 2023 | 103 | $143.7M | iShares TriShares InciShares Tr | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 25, 2022 | 60 | $143.6M | iShares TriShares IncState Street Utilities Select Sector SPDR ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 11, 2022 | 62 | $152.1M | iShares TriShares TrGoldman Sachs ETF Tr | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 28, 2022 | 58 | $169.0M | iShares TriShares TrSchwab US Aggregate Bond ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Mar 10, 2022 | 72 | $161.2M | iShares TrSchwab US Aggregate Bond ETFSchwab US Tips ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 13, 2021 | 69 | $169.1M | iShares TrSchwab US Aggregate Bond ETFSchwab US Tips ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 14, 2021 | 66 | $166.8M | iShares TrSchwab US Aggregate Bond ETFState Street SPDR S&P Homebuilders ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 10, 2021 | 50 | $135.8M | iShares TrSchwab US Aggregate Bond ETFiShares MSCI India ETF | – | SEC |