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Livermore
Livermore
ZHEN

Financial Consulate, Inc

SEC CIK
0001624510
Latest filing
Jul 23, 2026

The latest 13F from Financial Consulate, Inc covers Q2 2026 (filed Jul 23, 2026): 1,449 long positions worth $898.5M. The top 10 holdings make up 64.8% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 17.3%. 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
133
Est. +$1.70M
Added
451
Est. +$25.7M
Reduced
263
Est. −$8.35M
Sold out
86
Est. −$950.2K

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    17.3%$155.0M
  2. Dimensional ETF Trust25434V831
    9.8%$88.0M
  3. PIMCO Equity Ser72202L371
    7.9%$71.0M
  4. Schwab International Equity ETF808524805
    5.9%$53.3M
  5. Dimensional ETF Trust25434V765
    4.9%$44.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V831
    +$2.96MAdded
  2. Dimensional ETF Trust25434V765
    +$2.22MAdded
  3. Schwab U.S. Large-Cap ETF808524201
    +$2.20MAdded
  4. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    +$2.10MAdded
  5. Schwab International Equity ETF808524805
    +$1.91MAdded

Largest weight increases

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

  1. Schwab U.S. Large-Cap ETF808524201
    +0.66 pp16.6% → 17.3%
  2. Dimensional ETF Trust25434V831
    +0.46 pp9.3% → 9.8%
  3. Dimensional U.S. Small Cap ETF25434V500
    +0.22 pp3.7% → 4.0%
  4. Schwab International Equity ETF808524805
    +0.21 pp5.7% → 5.9%
  5. PIMCO Equity Ser72202L363
    +0.15 pp1.9% → 2.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Index Shs FDS78463X475
    −$3.52MReduced
  2. TXG10x Genomics, Inc.
    −$1.15MReducedHistory
  3. INTCIntel Corp
    −$452.5KReducedHistory
  4. AAPLApple Inc.
    −$367.5KReducedHistory
  5. HONHoneywell International Inc
    −$364.5KSold outHistory

Largest weight decreases

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

  1. SPDR Index Shs FDS78463X475
    −0.39 pp0.6% → 0.2%
  2. MKCMcCormick & Co Inc
    −0.14 pp1.2% → 1.0%History
  3. XOMExxonMobil Holdings Corp
    −0.05 pp0.2% → 0.1%History
  4. HONHoneywell International Inc
    −0.05 pp<0.1% → 0.0%History
  5. MSFTMicrosoft Corp
    −0.04 pp0.4% → 0.3%History

Metrics

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

Portfolio value
$898.5M
+$96.0M (+12.0%) vs. prior quarter
Positions
1,449
+47 vs. prior quarter
Top 10 concentration
64.8%
Top 10 as share of value
Turnover
1.1%
Q2 2026, one quarter
Average holding period
11.5 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 $898.5M (Q2 2026)

Q1 2021: $246.6MQ2 2021: $277.4MQ3 2021: $276.0MQ4 2021: $288.4MQ1 2022: $260.4MQ2 2022: $213.4MQ3 2022: $237.1MQ4 2022: $286.5MQ1 2023: $286.6MQ2 2023: $235.9MQ3 2023: $226.5MQ4 2023: $304.1MQ1 2024: $338.4MQ2 2024: $341.2MQ3 2024: $376.5MQ4 2024: $377.1MQ1 2025: $396.2MQ2 2025: $506.5MQ3 2025: $708.2MQ4 2025: $731.4MQ1 2026: $802.6MQ2 2026: $898.5M
Q1 2021Q2 2026
13F filings of Financial Consulate, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 20261,449$898.5MSchwab U.S. Large-Cap ETFDimensional ETF TrustPIMCO Equity Servs. Q1 2026SEC
Q1 2026Apr 21, 20261,402$802.6MSchwab U.S. Large-Cap ETFDimensional ETF TrustPIMCO Equity Servs. Q4 2025SEC
Q4 2025Jan 22, 20261,339$731.4MSchwab U.S. Large-Cap ETFDimensional ETF TrustPIMCO Equity Servs. Q3 2025SEC
Q3 2025Oct 21, 20251,153$708.2MSchwab U.S. Large-Cap ETFDimensional ETF TrustPIMCO Equity Servs. Q2 2025SEC
Q2 2025Jul 18, 202537$506.5MSchwab U.S. Large-Cap ETFDimensional ETF TrustPIMCO Equity Servs. Q1 2025SEC
Q1 2025Apr 25, 202526$396.2MSchwab U.S. Large-Cap ETFPIMCO Equity SerSchwab Strategic Trvs. Q4 2024SEC
Q4 2024Feb 3, 202531$377.1MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab Strategic Trvs. Q3 2024SEC
Q3 2024Oct 21, 202434$376.5MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab Strategic Trvs. Q2 2024SEC
Q2 2024Jul 22, 202435$341.2MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab Strategic Trvs. Q1 2024SEC
Q1 2024Apr 23, 202440$338.4MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab Strategic Trvs. Q4 2023SEC
Q4 2023Feb 1, 202436$304.1MSchwab U.S. Large-Cap ETFSchwab International Equity ETFSchwab Strategic Trvs. Q3 2023SEC
Q3 2023Oct 24, 202338$226.5MSchwab U.S. Large-Cap ETFSchwab International Equity ETFDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Jul 21, 202340$235.9MSchwab U.S. Large-Cap ETFSchwab International Equity ETFDimensional ETF Trustvs. Q1 2023SEC
Q1 2023Apr 17, 2023124$286.6MSchwab International Equity ETFSchwab U.S. Large-Cap ETFSPDR Index Shs FDSvs. Q4 2022SEC
Q4 2022Jan 11, 2023135$286.5MSchwab International Equity ETFSchwab U.S. Large-Cap ETFSPDR Index Shs FDSvs. Q3 2022SEC
Q3 2022Oct 20, 2022118$237.1MSchwab International Equity ETFSchwab U.S. Large-Cap ETFVanguard Malvern FDSvs. Q2 2022SEC
Q2 2022Jul 19, 2022123$213.4MSchwab U.S. Large-Cap ETFSPDR Index Shs FDSState Street SPDR Portfolio S&P 500 Growth ETFvs. Q1 2022SEC
Q1 2022Apr 28, 2022132$260.4MSchwab U.S. Large-Cap ETFSPDR Index Shs FDSState Street SPDR Portfolio S&P 500 Growth ETFvs. Q4 2021SEC
Q4 2021Feb 7, 2022138$288.4MSchwab U.S. Large-Cap ETFTXGState Street SPDR Portfolio S&P 500 Growth ETFvs. Q3 2021SEC
Q3 2021Oct 19, 2021131$276.0MInvesco Exchange Traded FD TSchwab U.S. Large-Cap ETFTXGvs. Q2 2021SEC
Q2 2021Jul 22, 2021131$277.4MTXGInvesco Exchange Traded FD TSchwab U.S. Large-Cap ETFvs. Q1 2021SEC
Q1 2021Apr 19, 2021121$246.6MTXGState Street SPDR Portfolio S&P 500 Growth ETFSchwab U.S. Large-Cap ETF–SEC