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Livermore
Livermore
ZHEN

Orgel Wealth Management, LLC

SEC CIK
0001658535
Latest filing
Jul 13, 2026

The latest 13F from Orgel Wealth Management, LLC covers Q2 2026 (filed Jul 13, 2026): 113 long positions worth $5.27B. The top 10 holdings make up 71.6% of the portfolio, and the largest is iShares MSCI USA Quality Factor ETF at 14.0%. 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
20
Est. +$332.3M
Added
54
Est. +$452.5M
Reduced
24
Est. −$454.7M
Sold out
2
Est. −$158.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares MSCI USA Quality Factor ETF46432F339
    14.0%$736.9M
  2. Vanguard Malvern FDS922020730
    11.9%$625.9M
  3. iShares Core S&P 500 ETF464287200
    9.2%$484.2M
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    7.7%$404.4M
  5. Vanguard Whitehall FDS921946794
    5.7%$302.9M

Share of portfolio

Top 5 holdings and the other 108 positions, by share of portfolio value

  1. iShares MSCI USA Quality Factor ETF14.0%
  2. Vanguard Malvern FDS11.9%
  3. iShares Core S&P 500 ETF9.2%
  4. State Street SPDR Portfolio S&P 500 Growth ETF7.7%
  5. Vanguard Whitehall FDS5.7%
  6. Other 108 positions51.6%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Malvern FDS922020730
    +$359.6MAdded
  2. BlackRock ETF Trust II092528108
    +$182.9MNew
  3. iShares Core S&P Mid-Cap ETF464287507
    +$119.4MNew
  4. iShares Core S&P 500 ETF464287200
    +$27.6MAdded
  5. iShares MSCI USA Quality Factor ETF46432F339
    +$14.4MAdded

Largest weight increases

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

  1. Vanguard Malvern FDS922020730
    +6.14 pp5.7% → 11.9%
  2. BlackRock ETF Trust II092528108
    +3.47 pp0.0% → 3.5%
  3. iShares Core S&P Mid-Cap ETF464287507
    +2.26 pp0.0% → 2.3%
  4. iShares Core S&P 500 ETF464287200
    +0.60 pp8.6% → 9.2%
  5. iShares MSCI USA Quality Factor ETF46432F339
    +0.37 pp13.6% → 14.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Scottsdale FDS92206C102
    −$337.4MReduced
  2. New York Life Invts Active E45409F827
    −$158.5MSold out
  3. Franklin Templeton ETF Tr35473P884
    −$100.8MReduced
  4. Global X FDS37954Y657
    −$4.11MReduced
  5. iShares MSCI USA Momentum Factor ETF46432F396
    −$3.76MReduced

Largest weight decreases

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

  1. Vanguard Scottsdale FDS92206C102
    −7.32 pp7.4% → <0.1%
  2. New York Life Invts Active E45409F827
    −3.41 pp3.4% → 0.0%
  3. Franklin Templeton ETF Tr35473P884
    −2.07 pp2.1% → 0.1%
  4. Global X FDS37954Y657
    −0.37 pp2.8% → 2.4%
  5. Fidelity Covington Trust316092790
    −0.04 pp1.4% → 1.4%

Metrics

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

Portfolio value
$5.27B
+$631.2M (+13.6%) vs. prior quarter
Positions
113
+18 vs. prior quarter
Top 10 concentration
71.6%
Top 10 as share of value
Turnover
12.4%
Q2 2026, one quarter
Average holding period
15.5 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 $5.27B (Q2 2026)

Q1 2021: $706.3MQ2 2021: $797.1MQ3 2021: $880.0MQ4 2021: $1.04BQ1 2022: $1.46BQ2 2022: $1.77BQ3 2022: $2.03BQ4 2022: $2.60BQ1 2023: $2.80BQ2 2023: $3.03BQ3 2023: $2.96BQ4 2023: $3.38BQ1 2024: $3.65BQ2 2024: $3.70BQ3 2024: $4.00BQ4 2024: $3.83BQ1 2025: $3.85BQ2 2025: $4.15BQ3 2025: $4.38BQ4 2025: $4.53BQ1 2026: $4.64BQ2 2026: $5.27B
Q1 2021Q2 2026
13F filings of Orgel Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 13, 2026113$5.27BiShares MSCI USA Quality Factor ETFVanguard Malvern FDSiShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 7, 202695$4.64BiShares MSCI USA Quality Factor ETFiShares Core S&P 500 ETFVanguard Scottsdale FDSvs. Q4 2025SEC
Q4 2025Jan 7, 202692$4.53BiShares MSCI USA Quality Factor ETFVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFvs. Q3 2025SEC
Q3 2025Oct 6, 202588$4.38BiShares MSCI USA Quality Factor ETFVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFvs. Q2 2025SEC
Q2 2025Jul 10, 202586$4.15BiShares MSCI USA Quality Factor ETFVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFvs. Q1 2025SEC
Q1 2025Apr 15, 202581$3.85BVanguard Scottsdale FDSiShares TrSchwab US Dividend Equity ETFvs. Q4 2024SEC
Q4 2024Jan 15, 202586$3.83BVanguard Scottsdale FDSiShares TrSchwab US Dividend Equity ETFvs. Q3 2024SEC
Q3 2024Oct 17, 202481$4.00BVanguard Scottsdale FDSiShares TrSchwab US Dividend Equity ETFvs. Q2 2024SEC
Q2 2024Jul 22, 202478$3.70BVanguard Scottsdale FDSiShares TrSchwab US Dividend Equity ETFvs. Q1 2024SEC
Q1 2024Apr 15, 202481$3.65BiShares TrVanguard Scottsdale FDSSchwab US Dividend Equity ETFvs. Q4 2023SEC
Q4 2023Jan 11, 202484$3.38BiShares TrVanguard Scottsdale FDSVanguard Total Bond Market ETFvs. Q3 2023SEC
Q3 2023Oct 26, 202378$2.96BVanguard Mun BD FDSVanguard Scottsdale FDSVanguard Total Bond Market ETFvs. Q2 2023SEC
Q2 2023Jul 10, 202373$3.03BVanguard Mun BD FDSVanguard Scottsdale FDSVanguard Total Bond Market ETFvs. Q1 2023SEC
Q1 2023Apr 6, 202372$2.80BVanguard Mun BD FDSVanguard Scottsdale FDSVanguard Total Bond Market ETFvs. Q4 2022SEC
Q4 2022Jan 17, 202375$2.60BVanguard Mun BD FDSVanguard Scottsdale FDSSchwab US Dividend Equity ETFvs. Q3 2022SEC
Q3 2022Oct 25, 202265$2.03BVanguard Scottsdale FDSVanguard Mun BD FDSSchwab US Dividend Equity ETFvs. Q2 2022SEC
Q2 2022Jul 13, 202262$1.77BVanguard Total Bond Market ETFSchwab US Dividend Equity ETFVanguard Mun BD FDSvs. Q1 2022SEC
Q1 2022May 10, 202265$1.46BVanguard Total Bond Market ETFSchwab US Dividend Equity ETFVanguard Admiral FDS Incvs. Q4 2021SEC
Q4 2021Jan 24, 202262$1.04BSchwab US Dividend Equity ETFPgim ETF TrVanguard Whitehall FDSvs. Q3 2021SEC
Q3 2021Oct 26, 202161$880.0MSchwab US Dividend Equity ETFPgim ETF TrVanguard Whitehall FDSvs. Q2 2021SEC
Q2 2021Jul 23, 202158$797.1MSchwab US Dividend Equity ETFVanguard Whitehall FDSiShares Core MSCI Emerging Markets ETFvs. Q1 2021SEC
Q1 2021Apr 28, 202156$706.3MSchwab US Dividend Equity ETFVanguard Whitehall FDSiShares Core MSCI Emerging Markets ETF–SEC