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Livermore
Livermore
ZHEN

Fundamentun, LLC

SEC CIK
0001707206
Latest filing
Aug 11, 2026

The latest 13F from Fundamentun, LLC covers Q2 2026 (filed Aug 11, 2026): 382 long positions worth $2.77B. The top 10 holdings make up 34.8% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 6.8%. 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
34
Est. +$34.1M
Added
175
Est. +$114.7M
Reduced
152
Est. −$81.7M
Sold out
23
Est. −$19.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    6.8%$188.5M
  2. iShares Tr464287150
    6.2%$172.2M
  3. WisdomTree Tr97717X669
    3.4%$92.9M
  4. Columbia ETF Tr I19761L706
    3.3%$92.6M
  5. Dimensional ETF Trust25434V872
    3.2%$87.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Covington Trust31609A404
    +$15.2MAdded
  2. Cambria ETF Tr132061409
    +$9.73MAdded
  3. Putnam ETF Trust746729789
    +$8.85MNew
  4. MUMicron Technology Inc
    +$7.97MAddedHistory
  5. LRCXLam Research Corp
    +$7.89MAddedHistory

Largest weight increases

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

  1. Fidelity Covington Trust31609A404
    +0.54 pp0.5% → 1.0%
  2. MUMicron Technology Inc
    +0.35 pp<0.1% → 0.4%History
  3. iShares Tr464287150
    +0.34 pp5.9% → 6.2%
  4. Cambria ETF Tr132061409
    +0.34 pp0.5% → 0.9%
  5. Putnam ETF Trust746729789
    +0.32 pp0.0% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. J P Morgan Exchange Traded F46641Q332
    −$12.4MReduced
  2. HDHome Depot, Inc.
    −$6.70MReducedHistory
  3. XOMExxonMobil Holdings Corp
    −$6.40MSold outHistory
  4. DELLDell Technologies Inc.
    −$6.28MReducedHistory
  5. iShares Russell Mid-Cap Value ETF464287473
    −$5.34MSold out

Largest weight decreases

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

  1. J P Morgan Exchange Traded F46641Q332
    −0.51 pp0.6% → 0.1%
  2. Alps ETF Tr00162Q346
    −0.49 pp3.5% → 3.1%
  3. XOMExxonMobil Holdings Corp
    −0.26 pp0.3% → 0.0%History
  4. HDHome Depot, Inc.
    −0.25 pp0.3% → <0.1%History
  5. PIMCO ETF Tr72201R585
    −0.24 pp2.0% → 1.7%

Metrics

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

Portfolio value
$2.77B
+$272.6M (+10.9%) vs. prior quarter
Positions
382
+11 vs. prior quarter
Top 10 concentration
34.8%
Top 10 as share of value
Turnover
3.9%
Q2 2026, one quarter
Average holding period
13.4 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 $2.77B (Q2 2026)

Q1 2021: $316.2MQ2 2021: $363.2MQ3 2021: $575.2MQ4 2021: $634.5MQ1 2022: $602.2MQ2 2022: $528.2MQ3 2022: $494.7MQ4 2022: $559.9MQ1 2023: $594.4MQ2 2023: $651.6MQ3 2023: $669.0MQ4 2023: $845.0MQ1 2024: $1.02BQ2 2024: $1.21BQ3 2024: $1.43BQ4 2024: $1.66BQ1 2025: $1.88BQ2 2025: $2.18BQ3 2025: $2.42BQ4 2025: $2.50BQ1 2026: $2.49BQ2 2026: $2.77B
Q1 2021Q2 2026
13F filings of Fundamentun, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026382$2.77BDimensional U.S. Core Equity 2 ETFiShares TrWisdomTree Trvs. Q1 2026SEC
Q1 2026Apr 28, 2026371$2.49BDimensional U.S. Core Equity 2 ETFiShares TrAlps ETF Trvs. Q4 2025SEC
Q4 2025Jan 20, 2026350$2.50BDimensional U.S. Core Equity 2 ETFiShares TrAlps ETF Trvs. Q3 2025SEC
Q3 2025Nov 6, 2025356$2.42BDimensional U.S. Core Equity 2 ETFiShares TrAlps ETF Trvs. Q2 2025SEC
Q2 2025Jul 29, 2025355$2.18BiShares TrDimensional U.S. Core Equity 2 ETFAlps ETF Trvs. Q1 2025SEC
Q1 2025Apr 30, 2025316$1.88BiShares TrDimensional U.S. Core Equity 2 ETFWisdomTree Trvs. Q4 2024SEC
Q4 2024Jan 27, 2025272$1.66BDimensional U.S. Core Equity 2 ETFiShares TrWisdomTree Trvs. Q3 2024SEC
Q3 2024Oct 17, 2024252$1.43BDimensional U.S. Core Equity 2 ETFiShares TrWisdomTree Trvs. Q2 2024SEC
Q2 2024Jul 24, 2024223$1.21BDimensional U.S. Core Equity 2 ETFiShares TrWisdomTree Trvs. Q1 2024SEC
Q1 2024Apr 16, 2024205$1.02BiShares TrDimensional U.S. Core Equity 2 ETFAlps ETF Trvs. Q4 2023SEC
Q4 2023Jan 24, 2024182$845.0MiShares TrAlps ETF TrWisdomTree Trvs. Q3 2023SEC
Q3 2023Oct 24, 2023159$669.0MiShares TrWisdomTree TrVanguard Total Bond Market ETFvs. Q2 2023SEC
Q2 2023Jul 18, 2023167$651.6MiShares TrWisdomTree TrVanguard Total Bond Market ETFvs. Q1 2023SEC
Q1 2023May 1, 2023173$594.4MiShares TrWisdomTree TrVanguard Total Bond Market ETFvs. Q4 2022SEC
Q4 2022Jan 19, 2023155$559.9MiShares TrWisdomTree TrVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Oct 24, 2022151$494.7MiShares TrWisdomTree TrVanguard Total Bond Market ETFvs. Q2 2022SEC
Q2 2022Sep 6, 2022148$528.2MiShares TrWisdomTree TrVanguard Total Bond Market ETFvs. Q1 2022SEC
Q1 2022Apr 26, 2022165$602.2MiShares TrWisdomTree TrVanguard Total Bond Market ETFvs. Q4 2021SEC
Q4 2021Jan 14, 2022179$634.5MiShares TrWisdomTree TrMSFTvs. Q3 2021SEC
Q3 2021Oct 19, 2021232$575.2MiShares TrWisdomTree TrMSFTvs. Q2 2021SEC
Q2 2021Jul 19, 2021124$363.2MWisdomTree TriShares TrMSFTvs. Q1 2021SEC
Q1 2021Apr 27, 2021121$316.2MWisdomTree TrSchwab US Dividend Equity ETFiShares Tr–SEC