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Livermore
Livermore
ZHEN

Garde Capital, Inc.

SEC CIK
0001616328
Latest filing
Jul 31, 2026

The latest 13F from Garde Capital, Inc. covers Q2 2026 (filed Jul 31, 2026): 224 long positions worth $2.23B. The top 10 holdings make up 53.0% of the portfolio, and the largest is Vanguard Morningstar Value ETF at 10.7%. 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
30
Est. +$345.9M
Added
67
Est. +$43.7M
Reduced
71
Est. −$23.2M
Sold out
4
Est. −$1.01M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Value ETF922908744
    10.7%$238.4M
  2. Vanguard Morningstar Growth ETF922908736
    10.3%$230.1M
  3. Vanguard Morningstar Large-Cap ETF922908637
    6.6%$148.2M
  4. Vanguard Total Bond Market ETF921937835
    5.9%$132.7M
  5. Vanguard Morningstar Total Stock Market ETF922908769
    4.3%$95.2M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Total Bond Market ETF921937835
    +$132.7MNew
  2. Vanguard Mortgage-Backed Securities ETF92206C771
    +$47.8MNew
  3. Vanguard Mun BD FDS922907746
    +$45.8MNew
  4. Schwab US Tips ETF808524870
    +$39.0MNew
  5. iShares Tr464288414
    +$35.5MNew

Largest weight increases

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

  1. Vanguard Total Bond Market ETF921937835
    +5.95 pp0.0% → 5.9%
  2. Vanguard Mortgage-Backed Securities ETF92206C771
    +2.14 pp0.0% → 2.1%
  3. Vanguard Mun BD FDS922907746
    +2.05 pp0.0% → 2.1%
  4. Schwab US Tips ETF808524870
    +1.75 pp0.0% → 1.7%
  5. iShares Tr464288414
    +1.59 pp0.0% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Small-Cap Value ETF922908611
    −$4.23MReduced
  2. Vanguard Instl Index FD922040845
    −$3.83MReduced
  3. Vanguard S&P 500 ETF922908363
    −$3.07MReduced
  4. ZZillow Group, Inc.
    −$1.74MReducedHistory
  5. ZGZillow Group, Inc.
    −$1.12MReducedHistory

Largest weight decreases

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

  1. Vanguard Morningstar Large-Cap ETF922908637
    −1.07 pp7.7% → 6.6%
  2. Vanguard Morningstar Total Stock Market ETF922908769
    −0.70 pp5.0% → 4.3%
  3. Vanguard Instl Index FD922040845
    −0.52 pp1.4% → 0.9%
  4. Vanguard Intl Equity Index F922042866
    −0.45 pp3.7% → 3.2%
  5. Vanguard S&P 500 ETF922908363
    −0.42 pp2.0% → 1.6%

Metrics

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

Portfolio value
$2.23B
+$562.1M (+33.7%) vs. prior quarter
Positions
224
+26 vs. prior quarter
Top 10 concentration
53.0%
Top 10 as share of value
Turnover
1.2%
Q2 2026, one quarter
Average holding period
16.8 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 $2.23B (Q2 2026)

Q1 2021: $865.1MQ2 2021: $967.4MQ3 2021: $967.2MQ4 2021: $1.02BQ1 2022: $973.8MQ2 2022: $821.7MQ3 2022: $773.5MQ4 2022: $832.8MQ1 2023: $910.7MQ2 2023: $1.20BQ3 2023: $1.17BQ4 2023: $1.31BQ1 2024: $1.43BQ2 2024: $1.44BQ3 2024: $1.52BQ4 2024: $1.52BQ1 2025: $1.75BQ2 2025: $1.87BQ3 2025: $1.99BQ4 2025: $1.69BQ1 2026: $1.67BQ2 2026: $2.23B
Q1 2021Q2 2026
13F filings of Garde Capital, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 2026224$2.23BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Large-Cap ETFvs. Q1 2026SEC
Q1 2026Apr 29, 2026198$1.67BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Large-Cap ETFvs. Q4 2025SEC
Q4 2025Feb 10, 2026181$1.69BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Large-Cap ETFvs. Q3 2025SEC
Q3 2025Dec 16, 2025204$1.99BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Large-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 3, 2025817$1.87BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Large-Cap ETFvs. Q1 2025SEC
Q1 2025Apr 22, 2025804$1.75BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Total Bond Market ETFvs. Q4 2024SEC
Q4 2024Feb 25, 2025278$1.52BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Large-Cap ETFvs. Q3 2024SEC
Q3 2024Dec 3, 2024265$1.52BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Large-Cap ETFvs. Q2 2024SEC
Q2 2024Aug 19, 2024265$1.44BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Large-Cap ETFvs. Q1 2024SEC
Q1 2024May 29, 2024280$1.43BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Large-Cap ETFvs. Q4 2023SEC
Q4 2023Feb 21, 2024282$1.31BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Large-Cap ETFvs. Q3 2023SEC
Q3 2023Nov 17, 2023255$1.17BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Large-Cap ETFvs. Q2 2023SEC
Q2 2023Aug 29, 2023281$1.20BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Large-Cap ETFvs. Q1 2023SEC
Q1 2023May 25, 2023256$910.7MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Intl Equity Index Fvs. Q4 2022SEC
Q4 2022Feb 24, 2023251$832.8MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Intl Equity Index Fvs. Q3 2022SEC
Q3 2022Dec 1, 2022240$773.5MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Intl Equity Index Fvs. Q2 2022SEC
Q2 2022Aug 23, 2022262$821.7MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Intl Equity Index Fvs. Q1 2022SEC
Q1 2022May 27, 2022273$973.8MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Intl Equity Index Fvs. Q4 2021SEC
Q4 2021Feb 25, 2022286$1.02BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Intl Equity Index Fvs. Q3 2021SEC
Q3 2021Nov 17, 2021277$967.2MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Intl Equity Index Fvs. Q2 2021SEC
Q2 2021Aug 19, 2021274$967.4MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Intl Equity Index Fvs. Q1 2021SEC
Q1 2021May 24, 2021260$865.1MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Intl Equity Index F–SEC