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Livermore
Livermore
ZHEN

Shepherd Financial Partners LLC

SEC CIK
0001696628
Latest filing
Aug 10, 2026

The latest 13F from Shepherd Financial Partners LLC covers Q2 2026 (filed Aug 10, 2026): 256 long positions worth $1.22B. The top 10 holdings make up 43.7% of the portfolio, and the largest is iShares Core S&P 500 ETF at 7.0%. 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
25
Est. +$41.5M
Added
90
Est. +$69.6M
Reduced
113
Est. −$85.3M
Sold out
9
Est. −$7.22M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    7.0%$85.7M
  2. SPYSPDR S&P 500 ETF Trust
    6.2%$75.9MHistory
  3. SPDR Series Trust78464A805
    5.7%$69.5M
  4. BlackRock ETF Trust09290C103
    4.8%$58.8M
  5. iShares Core MSCI Eafe ETF46432F842
    4.2%$51.6M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$34.9MAdded
  2. BlackRock ETF Trust09290C665
    +$17.7MNew
  3. BlackRock ETF Trust09290C855
    +$12.5MNew
  4. Invesco Exch Traded FD Tr II46138E537
    +$5.68MAdded
  5. iShares U.S. Treasury Bond ETF46429B267
    +$4.35MAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +2.84 pp4.2% → 7.0%
  2. BlackRock ETF Trust09290C665
    +1.46 pp0.0% → 1.5%
  3. BlackRock ETF Trust09290C855
    +1.03 pp0.0% → 1.0%
  4. Invesco Exch Traded FD Tr II46138E537
    +0.36 pp0.9% → 1.3%
  5. BlackRock ETF Trust09290C103
    +0.24 pp4.6% → 4.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Quality Factor ETF46432F339
    −$17.9MReduced
  2. SPDR Series Trust78464A664
    −$11.8MReduced
  3. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −$9.79MReduced
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −$6.91MReduced
  5. BlackRock ETF Trust09290C806
    −$5.31MReduced

Largest weight decreases

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

  1. iShares MSCI USA Quality Factor ETF46432F339
    −1.49 pp2.3% → 0.8%
  2. SPDR Series Trust78464A664
    −1.31 pp2.5% → 1.2%
  3. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −1.07 pp3.8% → 2.8%
  4. iShares Core MSCI Eafe ETF46432F842
    −0.80 pp5.0% → 4.2%
  5. iShares Core MSCI Emerging Markets ETF46434G103
    −0.47 pp3.6% → 3.1%

Metrics

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

Portfolio value
$1.22B
+$162.7M (+15.4%) vs. prior quarter
Positions
256
+16 vs. prior quarter
Top 10 concentration
43.7%
Top 10 as share of value
Turnover
8.1%
Q2 2026, one quarter
Average holding period
16.3 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 $1.22B (Q2 2026)

Q1 2021: $451.7MQ2 2021: $525.8MQ3 2021: $517.9MQ4 2021: $575.9MQ1 2022: $560.1MQ2 2022: $513.6MQ3 2022: $512.7MQ4 2022: $552.6MQ1 2023: $598.2MQ2 2023: $644.7MQ3 2023: $637.4MQ4 2023: $703.4MQ1 2024: $764.0MQ2 2024: $775.5MQ3 2024: $831.4MQ4 2024: $836.3MQ1 2025: $852.8MQ2 2025: $946.1MQ3 2025: $1.05BQ4 2025: $1.08BQ1 2026: $1.05BQ2 2026: $1.22B
Q1 2021Q2 2026
13F filings of Shepherd Financial Partners LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026256$1.22BiShares Core S&P 500 ETFSPYSPDR Series Trustvs. Q1 2026SEC
Q1 2026May 11, 2026240$1.05BSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Feb 10, 2026246$1.08BSPYSPDR Series TrustBlackRock ETF Trustvs. Q3 2025SEC
Q3 2025Nov 7, 2025243$1.05BSPYSPDR Series TrustBlackRock ETF Trustvs. Q2 2025SEC
Q2 2025Aug 13, 2025240$946.1MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q1 2025SEC
Q1 2025Apr 18, 2025230$852.8MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Jan 28, 2025220$836.3MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Oct 28, 2024216$831.4MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 8, 2024214$775.5MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024Apr 23, 2024215$764.0MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q4 2023SEC
Q4 2023Feb 12, 2024210$703.4MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q3 2023SEC
Q3 2023Nov 8, 2023188$637.4MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q2 2023SEC
Q2 2023Aug 11, 2023186$644.7MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q1 2023SEC
Q1 2023May 2, 2023179$598.2MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Feb 14, 2023169$552.6MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q3 2022SEC
Q3 2022Nov 9, 2022165$512.7MSPYSPDR Series TrustiShares Core MSCI Eafe ETFvs. Q2 2022SEC
Q2 2022Aug 15, 2022161$513.6MSPYSPDR Series TrustVanguard Morningstar Value ETFvs. Q1 2022SEC
Q1 2022May 13, 2022158$560.1MSPYSPDR Series TrustVanguard Morningstar Value ETFvs. Q4 2021SEC
Q4 2021Feb 14, 2022152$575.9MSPYSPDR Series TrustVanguard Morningstar Value ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021149$517.9MSPYSPDR Series TrustVanguard Morningstar Value ETFvs. Q2 2021SEC
Q2 2021Aug 16, 2021146$525.8MSPYSPDR Series TrustVanguard Morningstar Value ETFvs. Q1 2021SEC
Q1 2021May 14, 2021141$451.7MSPYSPDR Series TrustVanguard Morningstar Value ETF–SEC