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Livermore
Livermore
ZHEN

RSM US Wealth Management LLC

SEC CIK
0001679031
Latest filing
Aug 4, 2026

The latest 13F from RSM US Wealth Management LLC covers Q2 2026 (filed Aug 4, 2026): 1,690 long positions worth $9.11B. The top 10 holdings make up 30.7% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 5.9%. 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
191
Est. +$66.3M
Added
687
Est. +$203.7M
Reduced
734
Est. −$200.7M
Sold out
114
Est. −$75.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    5.9%$538.3M
  2. Vanguard Morningstar Value ETF922908744
    5.3%$485.7M
  3. iShares Russell 1000 Growth ETF464287614
    3.5%$314.7M
  4. AAPLApple Inc.
    2.9%$263.3MHistory
  5. iShares Core MSCI Eafe ETF46432F842
    2.4%$223.0M

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V732
    +$25.1MAdded
  2. BlackRock ETF Trust09290C780
    +$20.3MAdded
  3. Vanguard Total Bond Market ETF921937835
    +$16.4MAdded
  4. Vanguard Morningstar Value ETF922908744
    +$11.3MAdded
  5. iShares Core MSCI Eafe ETF46432F842
    +$10.5MAdded

Largest weight increases

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

  1. Dimensional ETF Trust25434V732
    +0.28 pp<0.1% → 0.3%
  2. BlackRock ETF Trust09290C780
    +0.23 pp<0.1% → 0.3%
  3. Vanguard Morningstar Small-Cap Growth ETF922908595
    +0.18 pp2.0% → 2.1%
  4. AMDAdvanced Micro Devices Inc
    +0.15 pp0.1% → 0.2%History
  5. Vanguard S&P 500 ETF922908363
    +0.14 pp2.1% → 2.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$31.0MSold outHistory
  2. Vanguard Ftse Emerging Markets ETF922042858
    −$11.0MReduced
  3. iShares Russell 1000 Growth ETF464287614
    −$9.11MReducedConverted for a 4-for-1 split
  4. BXBlackstone Inc.
    −$7.47MReducedHistory
  5. HONHoneywell International Inc
    −$7.44MSold outHistory

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.38 pp0.4% → 0.0%History
  2. MSFTMicrosoft Corp
    −0.16 pp1.4% → 1.3%History
  3. Vanguard Ftse Emerging Markets ETF922042858
    −0.15 pp2.2% → 2.0%
  4. CVXChevron Corp
    −0.11 pp0.4% → 0.3%History
  5. NFLXNetflix Inc
    −0.10 pp0.2% → 0.1%History

Metrics

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

Portfolio value
$9.11B
+$968.2M (+11.9%) vs. prior quarter
Positions
1,690
+77 vs. prior quarter
Top 10 concentration
30.7%
Top 10 as share of value
Turnover
3.1%
Q2 2026, one quarter
Average holding period
18.4 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 $9.11B (Q2 2026)

Q1 2021: $1.57BQ2 2021: $1.85BQ3 2021: $1.87BQ4 2021: $2.05BQ1 2022: $1.97BQ2 2022: $1.79BQ3 2022: $1.73BQ4 2022: $2.02BQ1 2023: $2.83BQ2 2023: $2.93BQ3 2023: $2.83BQ4 2023: $3.69BQ1 2024: $3.89BQ2 2024: $5.96BQ3 2024: $6.82BQ4 2024: $6.96BQ1 2025: $6.44BQ2 2025: $7.17BQ3 2025: $7.67BQ4 2025: $7.85BQ1 2026: $8.15BQ2 2026: $9.11B
Q1 2021Q2 2026
13F filings of RSM US Wealth Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 20261,690$9.11BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q1 2026SEC
Q1 2026May 13, 20261,613$8.15BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q4 2025SEC
Q4 2025Jan 23, 20261,575$7.85BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q3 2025SEC
Q3 2025Nov 12, 20251,569$7.67BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q2 2025SEC
Q2 2025Aug 13, 20251,527$7.17BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q1 2025SEC
Q1 2025May 6, 20251,440$6.44BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q4 2024SEC
Q4 2024Jan 27, 20251,609$6.96BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q3 2024SEC
Q3 2024Nov 7, 20241,628$6.82BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFAAPLvs. Q2 2024SEC
Q2 2024Aug 7, 20241,516$5.96BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFAAPLvs. Q1 2024SEC
Q1 2024May 2, 2024665$3.89BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q4 2023SEC
Q4 2023Feb 5, 2024624$3.69BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q3 2023SEC
Q3 2023Nov 8, 2023462$2.83BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q2 2023SEC
Q2 2023Aug 4, 2023469$2.93BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q1 2023SEC
Q1 2023May 15, 2023478$2.83BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Small-Cap Value ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023237$2.02BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Small-Cap Value ETFvs. Q3 2022SEC
Q3 2022Oct 21, 2022211$1.73BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q2 2022SEC
Q2 2022Aug 11, 2022216$1.79BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q1 2022SEC
Q1 2022May 2, 2022237$1.97BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q4 2021SEC
Q4 2021Feb 8, 2022233$2.05BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q3 2021SEC
Q3 2021Nov 8, 2021221$1.87BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q2 2021SEC
Q2 2021Aug 13, 2021220$1.85BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETFvs. Q1 2021SEC
Q1 2021Apr 29, 2021202$1.57BVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Small-Cap Value ETF–SEC