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Livermore
Livermore
ZHEN

Financial Enhancement Group LLC

SEC CIK
0001641438
Latest filing
Jul 7, 2026

The latest 13F from Financial Enhancement Group LLC covers Q2 2026 (filed Jul 7, 2026): 134 long positions worth $837.4M. The top 10 holdings make up 35.1% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 6.5%. 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
11
Est. +$28.0M
Added
69
Est. +$31.1M
Reduced
43
Est. −$33.3M
Sold out
9
Est. −$35.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    6.5%$54.7M
  2. iShares Core S&P Small Cap ETF464287804
    4.3%$35.6M
  3. American Centy ETF Tr025072703
    3.8%$31.8M
  4. iShares S&P 100 ETF464287101
    3.6%$30.3M
  5. Janus Detroit STR Tr47103U746
    3.2%$27.0M

Share of portfolio

Top 5 holdings and the other 129 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF6.5%
  2. iShares Core S&P Small Cap ETF4.3%
  3. American Centy ETF Tr3.8%
  4. iShares S&P 100 ETF3.6%
  5. Janus Detroit STR Tr3.2%
  6. Other 129 positions78.6%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street Industrial Select Sector SPDR ETF81369Y704
    +$7.83MNew
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +$7.77MNew
  3. iShares Tr464287432
    +$6.61MNew
  4. First Tr Exchange Trad FD VI33739H101
    +$5.05MAdded
  5. Simplify Exchange Traded Fun82889N657
    +$4.31MAdded

Largest weight increases

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

  1. State Street Industrial Select Sector SPDR ETF81369Y704
    +0.94 pp0.0% → 0.9%
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +0.93 pp0.0% → 0.9%
  3. iShares Tr464287432
    +0.79 pp0.0% → 0.8%
  4. First Tr Exchange Trad FD VI33739H101
    +0.47 pp1.7% → 2.2%
  5. Simplify Exchange Traded Fun82889N657
    +0.38 pp1.7% → 2.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BKNGBooking Holdings Inc.
    −$18.7MReducedConverted for a 25-for-1 splitHistory
  2. iShares Tips Bond ETF464287176
    −$9.66MSold out
  3. State Street Materials Select Sector SPDR ETF81369Y100
    −$7.98MSold out
  4. State Street Utilities Select Sector SPDR ETF81369Y886
    −$7.26MSold out
  5. VanEck ETF Trust92189F106
    −$2.87MSold out

Largest weight decreases

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

  1. iShares Tips Bond ETF464287176
    −1.20 pp1.2% → 0.0%
  2. State Street Materials Select Sector SPDR ETF81369Y100
    −0.99 pp1.0% → 0.0%
  3. State Street Utilities Select Sector SPDR ETF81369Y886
    −0.90 pp0.9% → 0.0%
  4. VanEck ETF Trust92189F106
    −0.36 pp0.4% → 0.0%
  5. iShares Tr464287515
    −0.31 pp0.3% → 0.0%

Metrics

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

Portfolio value
$837.4M
+$31.5M (+3.9%) vs. prior quarter
Positions
134
+2 vs. prior quarter
Top 10 concentration
35.1%
Top 10 as share of value
Turnover
7.2%
Q2 2026, one quarter
Average holding period
12.3 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 $837.4M (Q2 2026)

Q1 2021: $490.1MQ2 2021: $487.1MQ3 2021: $528.2MQ4 2021: $569.5MQ1 2022: $539.4MQ2 2022: $463.3MQ3 2022: $432.5MQ4 2022: $521.6MQ1 2023: $514.6MQ2 2023: $540.8MQ3 2023: $519.8MQ4 2023: $567.8MQ1 2024: $608.5MQ2 2024: $620.8MQ3 2024: $508.9MQ4 2024: $654.2MQ1 2025: $640.5MQ2 2025: $699.5MQ3 2025: $745.2MQ4 2025: $768.7MQ1 2026: $805.9MQ2 2026: $837.4M
Q1 2021Q2 2026
13F filings of Financial Enhancement Group LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 7, 2026134$837.4MState Street SPDR Portfolio S&P 500 ETFiShares Core S&P Small Cap ETFAmerican Centy ETF Trvs. Q1 2026SEC
Q1 2026Apr 20, 2026132$805.9MState Street SPDR Portfolio S&P 500 ETFiShares Core S&P Small Cap ETFAmerican Centy ETF Trvs. Q4 2025SEC
Q4 2025Jan 23, 2026135$768.7MState Street SPDR Portfolio S&P 500 ETFiShares Core S&P Small Cap ETFiShares S&P 100 ETFvs. Q3 2025SEC
Q3 2025Oct 9, 2025132$745.2MState Street SPDR Portfolio S&P 500 ETFiShares Core S&P Small Cap ETFInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Jul 14, 2025128$699.5MState Street SPDR Portfolio S&P 500 ETFSPDR Index Shs FDSiShares Core S&P Small Cap ETFvs. Q1 2025SEC
Q1 2025Apr 23, 2025113$640.5MState Street SPDR Portfolio S&P 500 ETFSPDR Index Shs FDSJanus Detroit STR Trvs. Q4 2024SEC
Q4 2024Jan 14, 2025116$654.2MState Street SPDR Portfolio S&P 500 ETFSPDR Index Shs FDSiShares S&P 100 ETFvs. Q3 2024SEC
Q3 2024Oct 31, 2024116$508.9MSPDR Series TrustSPDR Index Shs FDSJanus Detroit STR Trvs. Q2 2024SEC
Q2 2024Aug 2, 2024114$620.8MState Street SPDR Portfolio S&P 500 ETFSPDR Index Shs FDSSimplify Exchange Traded Funvs. Q1 2024SEC
Q1 2024Apr 15, 2024114$608.5MState Street SPDR Portfolio S&P 500 ETFSPDR Index Shs FDSSimplify Exchange Traded Funvs. Q4 2023SEC
Q4 2023Jan 18, 2024111$567.8MState Street SPDR Portfolio S&P 500 ETFJanus Detroit STR TrSPDR Index Shs FDSvs. Q3 2023SEC
Q3 2023Oct 17, 2023117$519.8MJanus Detroit STR TrState Street SPDR Portfolio S&P 500 ETFSPDR Index Shs FDSvs. Q2 2023SEC
Q2 2023Aug 10, 2023118$540.8MState Street SPDR Portfolio S&P 500 ETFSPDR Index Shs FDSJanus Detroit STR Trvs. Q1 2023SEC
Q1 2023May 17, 2023116$514.6MSPDR Series TrustSPDR Index Shs FDSJanus Detroit STR Trvs. Q4 2022SEC
Q4 2022Feb 9, 2023114$521.6MSPDR Series TrustSPDR Index Shs FDSJanus Detroit STR Trvs. Q3 2022SEC
Q3 2022Oct 27, 2022324$432.5MSimplify Exchange Traded FunJanus Detroit STR TrSPDR Index Shs FDSvs. Q2 2022SEC
Q2 2022Aug 9, 2022323$463.3MSimplify Exchange Traded FunJanus Detroit STR TrFirst Tr Exchange-Traded FDvs. Q1 2022SEC
Q1 2022May 18, 2022320$539.4MSimplify Exchange Traded FunFirst Tr Exchange-Traded FDSPDR Index Shs FDSvs. Q4 2021SEC
Q4 2021Jan 28, 2022292$569.5MSimplify Exchange Traded FunJanus Detroit STR TrSimplify Exchange Traded Funvs. Q3 2021SEC
Q3 2021Oct 14, 2021291$528.2MSimplify Exchange Traded FunJanus Detroit STR TrFirst Tr Exchange-Traded FDvs. Q2 2021SEC
Q2 2021Aug 10, 2021286$487.1MSimplify Exchange Traded FunSimplify Exchange Traded FuniShares Trvs. Q1 2021SEC
Q1 2021May 10, 2021282$490.1MSimplify Exchange Traded FuniShares TrSimplify Exchange Traded Fun–SEC