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Livermore
Livermore
ZHEN

Sendero Wealth Management, LLC

SEC CIK
0001639375
Latest filing
Aug 4, 2026

The latest 13F from Sendero Wealth Management, LLC covers Q2 2026 (filed Aug 4, 2026): 209 long positions worth $1.00B. The top 10 holdings make up 54.7% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 21.4%. Livermore has 20 filings on Form 13F from this institution, going back to Q4 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
17
Est. +$22.2M
Added
91
Est. +$48.1M
Reduced
78
Est. −$52.0M
Sold out
13
Est. −$6.46M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    21.4%$215.1M
  2. 2023 ETF Series Trust88339Y102
    9.3%$93.0M
  3. American Beacon Select Funds02368W408
    6.9%$69.1M
  4. iShares Tr464287150
    3.5%$35.4M
  5. NVDANVIDIA Corp
    3.4%$33.7MHistory

Share of portfolio

Top 5 holdings and the other 204 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF21.4%
  2. 2023 ETF Series Trust9.3%
  3. American Beacon Select Funds6.9%
  4. iShares Tr3.5%
  5. NVDA3.4%
  6. Other 204 positions55.6%

Biggest buys

New and added positions, by estimated amount bought

  1. 2023 ETF Series Trust88339Y102
    +$5.18MAdded
  2. MRSHMarsh & McLennan Companies, Inc.
    +$4.59MAddedHistory
  3. APHAmphenol Corp
    +$3.92MNewHistory
  4. Vanguard World FD921910816
    +$3.30MNew
  5. DELLDell Technologies Inc.
    +$2.84MNewHistory

Largest weight increases

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

  1. MRSHMarsh & McLennan Companies, Inc.
    +0.45 pp<0.1% → 0.5%History
  2. APHAmphenol Corp
    +0.39 pp0.0% → 0.4%History
  3. Vanguard World FD921910816
    +0.33 pp0.0% → 0.3%
  4. ANETArista Networks, Inc.
    +0.32 pp1.0% → 1.3%History
  5. ICLRIcon PLC
    +0.29 pp0.5% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$7.42MReducedHistory
  2. MPCMarathon Petroleum Corp
    −$6.81MReducedHistory
  3. AMZNAmazon Com Inc
    −$4.50MReducedHistory
  4. VVisa Inc.
    −$4.42MReducedHistory
  5. WBDWarner Bros. Discovery, Inc.
    −$3.99MReducedHistory

Largest weight decreases

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

  1. American Beacon Select Funds02368W408
    −1.45 pp8.3% → 6.9%
  2. MSFTMicrosoft Corp
    −0.95 pp2.3% → 1.3%History
  3. MPCMarathon Petroleum Corp
    −0.73 pp0.8% → 0.1%History
  4. INTUIntuit Inc.
    −0.48 pp0.6% → 0.1%History
  5. WBDWarner Bros. Discovery, Inc.
    −0.46 pp0.5% → <0.1%History

Metrics

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

Portfolio value
$1.00B
+$100.3M (+11.1%) vs. prior quarter
Positions
209
+4 vs. prior quarter
Top 10 concentration
54.7%
Top 10 as share of value
Turnover
6.1%
Q2 2026, one quarter
Average holding period
11.8 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.00B (Q2 2026)

Q4 2021: $225.2MQ1 2022: $216.9MQ2 2022: $103.9MQ3 2022: $240.3MQ4 2022: $281.2MQ1 2023: $326.5MQ2 2023: $457.7MQ3 2023: $466.0MQ4 2023: $530.5MQ1 2024: $581.7MQ2 2024: $594.3MQ3 2024: $634.3MQ4 2024: $671.3MQ1 2025: $720.6MQ2 2025: $801.6MQ3 2025: $853.3MQ4 2025: $902.1MQ1 2026: $904.1MQ2 2026: $1.00B
Q4 2021Q2 2026
13F filings of Sendero Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 2026209$1.00BVanguard Morningstar Total Stock Market ETF2023 ETF Series TrustAmerican Beacon Select Fundsvs. Q1 2026SEC
Q1 2026Apr 22, 2026205$904.1MVanguard Morningstar Total Stock Market ETF2023 ETF Series TrustAmerican Beacon Select Fundsvs. Q4 2025SEC
Q4 2025Jan 13, 2026196$902.1MVanguard Morningstar Total Stock Market ETF2023 ETF Series TrustAmerican Beacon Select Fundsvs. Q3 2025SEC
Q3 2025Oct 8, 2025189$853.3MVanguard Morningstar Total Stock Market ETF2023 ETF Series TrustAmerican Beacon Select Fundsvs. Q2 2025SEC
Q2 2025Jul 31, 2025Amended188$801.6MVanguard Morningstar Total Stock Market ETF2023 ETF Series TrustAmerican Beacon Select Fundsvs. Q1 2025SEC
Q1 2025Apr 10, 2025186$720.6MVanguard Morningstar Total Stock Market ETF2023 ETF Series TrustiShares Trvs. Q4 2024SEC
Q4 2024Jan 14, 2025161$671.3MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSiShares Trvs. Q3 2024SEC
Q3 2024Oct 9, 2024156$634.3MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSiShares Trvs. Q2 2024SEC
Q2 2024Jul 12, 2024155$594.3MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSiShares Trvs. Q1 2024SEC
Q1 2024Apr 16, 2024156$581.7MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSiShares Trvs. Q4 2023SEC
Q4 2023Jan 17, 2024147$530.5MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSiShares Trvs. Q3 2023SEC
Q3 2023Oct 10, 2023152$466.0MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSiShares Trvs. Q2 2023SEC
Q2 2023Jul 20, 2023150$457.7MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSiShares Trvs. Q1 2023SEC
Q1 2023Apr 27, 2023101$326.5MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSMSFTvs. Q4 2022SEC
Q4 2022Feb 1, 2023102$281.2MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSGOOGLvs. Q3 2022SEC
Q3 2022Oct 27, 202297$240.3MVanguard Morningstar Total Stock Market ETFSPDR Index Shs FDSVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Aug 9, 202287$103.9MVanguard S&P 500 ETFMSFTGOOGLvs. Q1 2022SEC
Q1 2022May 6, 202278$216.9MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFSPDR Index Shs FDSvs. Q4 2021SEC
Q4 2021Feb 15, 202281$225.2MVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFMSFT–SEC