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Livermore
Livermore
ZHEN

Pacific Center for Financial Services

SEC CIK
0001698222
Latest filing
Aug 5, 2026

The latest 13F from Pacific Center for Financial Services covers Q2 2026 (filed Aug 5, 2026): 500 long positions worth $448.2M. The top 10 holdings make up 72.9% of the portfolio, and the largest is Invesco QQQ Trust Series I at 13.9%. Livermore has 21 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
10
Est. +$793.0K
Added
66
Est. +$9.73M
Reduced
54
Est. −$3.15M
Sold out
23
Est. −$396.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    13.9%$62.5M
  2. Vanguard BD Index FDS92203C303
    13.6%$60.9M
  3. Vanguard Morningstar Total Stock Market ETF922908769
    10.8%$48.2M
  4. iShares Tr46434V290
    7.5%$33.8M
  5. Vanguard Morningstar Mid-Cap ETF922908629
    6.5%$29.3M

Share of portfolio

Top 5 holdings and the other 495 positions, by share of portfolio value

  1. Invesco QQQ Trust Series I13.9%
  2. Vanguard BD Index FDS13.6%
  3. Vanguard Morningstar Total Stock Market ETF10.8%
  4. iShares Tr7.5%
  5. Vanguard Morningstar Mid-Cap ETF6.5%
  6. Other 495 positions47.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard BD Index FDS92203C303
    +$4.91MAdded
  2. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    +$2.56MAdded
  3. Vanguard Star FDS921909768
    +$849.2KAdded
  4. Schwab US Dividend Equity ETF808524797
    +$308.7KAdded
  5. Vanguard Morningstar Mid-Cap ETF922908629
    +$231.3KAddedConverted for a 4-for-1 split

Largest weight increases

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

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    +0.35 pp1.9% → 2.2%
  2. iShares Tr46434V290
    +0.29 pp7.2% → 7.5%
  3. Vanguard Morningstar Total Stock Market ETF922908769
    +0.18 pp10.6% → 10.8%
  4. Schwab US Dividend Equity ETF808524797
    +0.06 pp0.1% → 0.1%
  5. iShares Core S&P Mid-Cap ETF464287507
    +0.05 pp3.7% → 3.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$1.53MReduced
  2. iShares Semiconductor ETF464287523
    −$454.9KReduced
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    −$225.8KReduced
  4. HONHoneywell International Inc
    −$209.5KSold outHistory
  5. Vanguard World FD921910816
    −$180.1KReducedConverted for a 5-for-1 split

Largest weight decreases

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

  1. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.51 pp5.4% → 4.9%
  2. J P Morgan Exchange Traded F46641Q332
    −0.28 pp2.2% → 1.9%
  3. CVXChevron Corp
    −0.26 pp0.9% → 0.6%History
  4. TAT&T Inc.
    −0.10 pp0.3% → 0.2%History
  5. Invesco Exch Traded FD Tr II46138E354
    −0.09 pp0.9% → 0.8%

Metrics

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

Portfolio value
$448.2M
+$53.9M (+13.7%) vs. prior quarter
Positions
500
−13 vs. prior quarter
Top 10 concentration
72.9%
Top 10 as share of value
Turnover
0.8%
Q2 2026, one quarter
Average holding period
13.6 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

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $448.2M (Q2 2026)

Q1 2021: $209.0MQ2 2021: $229.2MQ3 2021: $229.3MQ4 2021: $248.2MQ1 2022: $279.7MQ2 2022: $242.5MQ3 2022: $255.6MQ1 2023: $290.1MQ2 2023: $304.1MQ3 2023: $294.4MQ4 2023: $317.1MQ1 2024: $350.7MQ2 2024: $356.7MQ3 2024: $379.7MQ4 2024: $388.5MQ1 2025: $377.1MQ2 2025: $368.6MQ3 2025: $392.1MQ4 2025: $392.1MQ1 2026: $394.3MQ2 2026: $448.2M
Q1 2021Q2 2026
13F filings of Pacific Center for Financial Services by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026500$448.2MInvesco QQQ Trust Series IVanguard BD Index FDSVanguard Morningstar Total Stock Market ETFvs. Q1 2026SEC
Q1 2026May 12, 2026513$394.3MVanguard BD Index FDSInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFvs. Q4 2025SEC
Q4 2025Feb 17, 2026475$392.1MInvesco QQQ Trust Series IVanguard BD Index FDSVanguard Morningstar Total Stock Market ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025475$392.1MInvesco QQQ Trust Series IVanguard BD Index FDSVanguard Morningstar Total Stock Market ETFvs. Q2 2025SEC
Q2 2025Aug 18, 2025465$368.6MInvesco QQQ Trust Series IVanguard BD Index FDSVanguard Morningstar Total Stock Market ETFvs. Q1 2025SEC
Q1 2025May 15, 2025471$377.1MVanguard BD Index FDSInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFvs. Q4 2024SEC
Q4 2024Feb 18, 2025487$388.5MInvesco QQQ Trust Series IVanguard BD Index FDSVanguard Morningstar Total Stock Market ETFvs. Q3 2024SEC
Q3 2024Nov 15, 2024485$379.7MInvesco QQQ Trust Series IVanguard BD Index FDSVanguard Morningstar Total Stock Market ETFvs. Q2 2024SEC
Q2 2024Aug 15, 2024478$356.7MInvesco QQQ Trust Series IVanguard BD Index FDSJ P Morgan Exchange Traded Fvs. Q1 2024SEC
Q1 2024May 20, 2024468$350.7MInvesco QQQ Trust Series IVanguard BD Index FDSJ P Morgan Exchange Traded Fvs. Q4 2023SEC
Q4 2023Feb 20, 2024390$317.1MInvesco QQQ Trust Series IVanguard BD Index FDSJ P Morgan Exchange Traded Fvs. Q3 2023SEC
Q3 2023Nov 15, 2023417$294.4MVanguard BD Index FDSInvesco QQQ Trust Series IJ P Morgan Exchange Traded Fvs. Q2 2023SEC
Q2 2023Aug 10, 2023406$304.1MVanguard BD Index FDSJ P Morgan Exchange Traded FInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023May 16, 2023412$290.1MVanguard BD Index FDSJ P Morgan Exchange Traded FInvesco QQQ Trust Series I–SEC
Q3 2022Nov 14, 2022408$255.6MVanguard BD Index FDSJ P Morgan Exchange Traded FVanguard Morningstar Total Stock Market ETFvs. Q2 2022SEC
Q2 2022Aug 12, 2022410$242.5MVanguard BD Index FDSInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFvs. Q1 2022SEC
Q1 2022May 10, 2022385$279.7MVanguard BD Index FDSInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFvs. Q4 2021SEC
Q4 2021Feb 14, 2022397$248.2MInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFiShares MSCI USA Min Vol Factor ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021415$229.3MInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFiShares MSCI USA Min Vol Factor ETFvs. Q2 2021SEC
Q2 2021Aug 16, 2021357$229.2MInvesco QQQ Trust Series IiShares MSCI USA Min Vol Factor ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2021SEC
Q1 2021May 17, 2021345$209.0MInvesco QQQ Trust Series IiShares MSCI USA Min Vol Factor ETFVanguard Morningstar Total Stock Market ETF–SEC