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Livermore
Livermore
ZHEN

Fluent Financial, LLC

SEC CIK
0001722283
Latest filing
Jul 9, 2026

The latest 13F from Fluent Financial, LLC covers Q2 2026 (filed Jul 9, 2026): 57 long positions worth $280.2M. The top 10 holdings make up 66.4% of the portfolio, and the largest is iShares MSCI Eafe ETF at 17.1%. 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. +$49.5M
Added
19
Est. +$78.8M
Reduced
8
Est. −$90.0M
Sold out
11
Est. −$39.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares MSCI Eafe ETF464287465
    17.1%$47.9M
  2. SPYSPDR S&P 500 ETF Trust
    14.6%$40.9MHistory
  3. iShares Russell 2000 ETF464287655
    9.8%$27.4M
  4. Vanguard World FD921910709
    5.9%$16.6M
  5. JPMorgan Ultra-Short Income ETF46641Q837
    4.0%$11.1M

Share of portfolio

Top 5 holdings and the other 52 positions, by share of portfolio value

  1. iShares MSCI Eafe ETF17.1%
  2. SPY14.6%
  3. iShares Russell 2000 ETF9.8%
  4. Vanguard World FD5.9%
  5. JPMorgan Ultra-Short Income ETF4.0%
  6. Other 52 positions48.7%

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$35.8MAddedHistory
  2. iShares MSCI Eafe ETF464287465
    +$23.7MAdded
  3. iShares Russell 2000 ETF464287655
    +$11.1MAdded
  4. Vanguard Ftse Emerging Markets ETF922042858
    +$10.2MNew
  5. MSFTMicrosoft Corp
    +$5.37MNewHistory

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +12.88 pp1.7% → 14.6%History
  2. iShares MSCI Eafe ETF464287465
    +8.33 pp8.8% → 17.1%
  3. iShares Russell 2000 ETF464287655
    +4.52 pp5.3% → 9.8%
  4. Vanguard Ftse Emerging Markets ETF922042858
    +3.65 pp0.0% → 3.7%
  5. MSFTMicrosoft Corp
    +1.92 pp0.0% → 1.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. JPMorgan Ultra-Short Income ETF46641Q837
    −$52.5MReduced
  2. Vanguard World FD921910709
    −$18.0MReduced
  3. iShares Tr464287234
    −$14.7MReduced
  4. STZConstellation Brands, Inc.
    −$7.03MSold outHistory
  5. GISGeneral Mills Inc
    −$6.71MSold outHistory

Largest weight decreases

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

  1. JPMorgan Ultra-Short Income ETF46641Q837
    −19.27 pp23.2% → 4.0%
  2. Vanguard World FD921910709
    −6.62 pp12.5% → 5.9%
  3. iShares Tr464287234
    −4.65 pp6.3% → 1.6%
  4. STZConstellation Brands, Inc.
    −2.57 pp2.6% → 0.0%History
  5. GISGeneral Mills Inc
    −2.46 pp2.5% → 0.0%History

Metrics

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

Portfolio value
$280.2M
+$6.90M (+2.5%) vs. prior quarter
Positions
57
+14 vs. prior quarter
Top 10 concentration
66.4%
Top 10 as share of value
Turnover
46.4%
Q2 2026, one quarter
Average holding period
12.5 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 $280.2M (Q2 2026)

Q1 2021: $190.6MQ2 2021: $233.0MQ3 2021: $234.5MQ4 2021: $245.6MQ1 2022: $243.7MQ2 2022: $195.1MQ3 2022: $182.3MQ4 2022: $167.5MQ1 2023: $146.2MQ2 2023: $153.8MQ3 2023: $185.7MQ4 2023: $168.5MQ1 2024: $180.8MQ2 2024: $198.2MQ3 2024: $207.8MQ4 2024: $226.0MQ1 2025: $229.5MQ2 2025: $242.8MQ3 2025: $255.5MQ4 2025: $262.4MQ1 2026: $273.3MQ2 2026: $280.2M
Q1 2021Q2 2026
13F filings of Fluent Financial, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 9, 202657$280.2MiShares MSCI Eafe ETFSPYiShares Russell 2000 ETFvs. Q1 2026SEC
Q1 2026Apr 15, 202643$273.3MJPMorgan Ultra-Short Income ETFVanguard World FDiShares MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Jan 14, 202657$262.4MVanguard World FDiShares MSCI Eafe ETFiShares Trvs. Q3 2025SEC
Q3 2025Oct 10, 202569$255.5MVanguard World FDJPMorgan Ultra-Short Income ETFSPYvs. Q2 2025SEC
Q2 2025Jul 23, 202563$242.8MJPMorgan Ultra-Short Income ETFSimplify Exchange Traded FunInvesco Exch Traded FD Tr IIvs. Q1 2025SEC
Q1 2025Apr 10, 202559$229.5MJPMorgan Ultra-Short Income ETFSPYSimplify Exchange Traded Funvs. Q4 2024SEC
Q4 2024Mar 3, 202562$226.0MVanguard World FDSPYJPMorgan Ultra-Short Income ETFvs. Q3 2024SEC
Q3 2024Oct 4, 202461$207.8MVanguard World FDSPYiShares Russell 2000 ETFvs. Q2 2024SEC
Q2 2024Aug 5, 202472$198.2MSPYVanguard World FDiShares Russell 2000 ETFvs. Q1 2024SEC
Q1 2024Apr 19, 202484$180.8MSPYVanguard World FDiShares Russell 2000 ETFvs. Q4 2023SEC
Q4 2023Jan 9, 202474$168.5MSPYVanguard World FDiShares Russell 2000 ETFvs. Q3 2023SEC
Q3 2023Oct 11, 202380$185.7MSPYiShares Russell 2000 ETFiShares MSCI Eafe ETFvs. Q2 2023SEC
Q2 2023Jul 14, 202377$153.8MSPYiShares Russell 2000 ETFVanguard World FDvs. Q1 2023SEC
Q1 2023May 11, 202361$146.2MSPYInvesco QQQ Trust Series IInvesco Exch TRD SLF Idx FDvs. Q4 2022SEC
Q4 2022Feb 1, 202372$167.5MSPYiShares Russell 2000 ETFInvesco Exch TRD SLF Idx FDvs. Q3 2022SEC
Q3 2022Nov 1, 202264$182.3MSPYiShares Russell 2000 ETFInvesco QQQ Trust Series Ivs. Q2 2022SEC
Q2 2022Aug 4, 202265$195.1MSPYiShares Russell 2000 ETFVvs. Q1 2022SEC
Q1 2022May 10, 202267$243.7MSPYiShares Russell 2000 ETFVvs. Q4 2021SEC
Q4 2021Feb 11, 202260$245.6MSPYCVXiShares Russell 2000 ETFvs. Q3 2021SEC
Q3 2021Oct 19, 202159$234.5MSPYCVXTXNvs. Q2 2021SEC
Q2 2021Aug 3, 202159$233.0MSPYCVXJNJvs. Q1 2021SEC
Q1 2021Apr 23, 202150$190.6MSPYState Street Energy Select Sector SPDR ETFHON–SEC