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Livermore
Livermore
ZHEN

AAFCPAs Wealth Management, LLC

SEC CIK
0001726609
Latest filing
Jul 17, 2026

The latest 13F from AAFCPAs Wealth Management, LLC covers Q2 2026 (filed Jul 17, 2026): 57 long positions worth $271.1M. The top 10 holdings make up 86.0% of the portfolio, and the largest is iShares Core S&P 500 ETF at 22.5%. Livermore has 38 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
7
Est. +$21.6M
Added
11
Est. +$232.7K
Reduced
33
Est. −$14.0M
Sold out
4
Est. −$10.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    22.5%$60.9M
  2. Vanguard Morningstar Value ETF922908744
    14.1%$38.3M
  3. iShares Tr46435G326
    13.4%$36.4M
  4. Invesco Nasdaq 100 ETF46138G649
    10.9%$29.7M
  5. Vanguard Whitehall FDS921946794
    8.7%$23.7M

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Exch Traded FD Tr II46138E222
    +$11.0MNew
  2. GLDMWorld Gold Trust
    +$9.33MNewHistory
  3. BNYBank of New York Mellon Corp
    +$284.5KNewHistory
  4. IBMInternational Business Machines Corp
    +$254.6KNewHistory
  5. INTCIntel Corp
    +$234.0KNewHistory

Largest weight increases

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

  1. Invesco Exch Traded FD Tr II46138E222
    +4.07 pp0.0% → 4.1%
  2. GLDMWorld Gold Trust
    +3.44 pp0.0% → 3.4%History
  3. BNYBank of New York Mellon Corp
    +0.10 pp0.0% → 0.1%History
  4. GLWCorning Inc
    +0.10 pp0.1% → 0.2%History
  5. IBMInternational Business Machines Corp
    +0.09 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GLDSPDR Gold Trust
    −$10.2MSold outHistory
  2. iShares Core S&P 500 ETF464287200
    −$3.81MReduced
  3. Invesco Nasdaq 100 ETF46138G649
    −$2.63MReduced
  4. iShares Core S&P Mid-Cap ETF464287507
    −$1.89MReduced
  5. Vanguard Morningstar Value ETF922908744
    −$1.88MReduced

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −4.17 pp4.2% → 0.0%History
  2. Vanguard Morningstar Value ETF922908744
    −0.71 pp14.8% → 14.1%
  3. iShares Core S&P 500 ETF464287200
    −0.69 pp23.1% → 22.5%
  4. iShares Tr46435G326
    −0.64 pp14.1% → 13.4%
  5. Vanguard Whitehall FDS921946794
    −0.59 pp9.3% → 8.7%

Metrics

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

Portfolio value
$271.1M
+$27.3M (+11.2%) vs. prior quarter
Positions
57
+3 vs. prior quarter
Top 10 concentration
86.0%
Top 10 as share of value
Turnover
8.5%
Q2 2026, one quarter
Average holding period
18.1 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 $271.1M (Q2 2026)

Q1 2021: $117.7MQ2 2021: $129.6MQ3 2021: $131.6MQ4 2021: $138.2MQ1 2022: $151.8MQ2 2022: $132.2MQ3 2022: $124.9MQ4 2022: $140.6MQ1 2023: $150.2MQ2 2023: $158.8MQ3 2023: $152.1MQ4 2023: $167.1MQ1 2024: $177.8MQ2 2024: $193.0MQ3 2024: $198.5MQ4 2024: $198.3MQ1 2025: $185.3MQ2 2025: $219.5MQ3 2025: $220.8MQ4 2025: $237.2MQ1 2026: $243.8MQ2 2026: $271.1M
Q1 2021Q2 2026
13F filings of AAFCPAs Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 202657$271.1MiShares Core S&P 500 ETFVanguard Morningstar Value ETFiShares Trvs. Q1 2026SEC
Q1 2026May 8, 202654$243.8MiShares Core S&P 500 ETFVanguard Morningstar Value ETFiShares Trvs. Q4 2025SEC
Q4 2025Feb 6, 202650$237.2MiShares Core S&P 500 ETFVanguard Morningstar Value ETFiShares Trvs. Q3 2025SEC
Q3 2025Nov 12, 202543$220.8MiShares Core S&P 500 ETFVanguard Morningstar Value ETFiShares Trvs. Q2 2025SEC
Q2 2025Aug 5, 202547$219.5MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025May 16, 202547$185.3MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024May 19, 2025Amended47$198.3MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q3 2024SEC
Q3 2024May 19, 2025Amended44$198.5MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q2 2024SEC
Q2 2024May 19, 2025Amended46$193.0MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q1 2024SEC
Q1 2024May 19, 2025Amended43$177.8MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023May 19, 2025Amended46$167.1MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q3 2023SEC
Q3 2023May 19, 2025Amended40$152.1MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q2 2023SEC
Q2 2023May 19, 2025Amended45$158.8MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q1 2023SEC
Q1 2023May 19, 2025Amended42$150.2MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Value ETFvs. Q4 2022SEC
Q4 2022May 19, 2025Amended39$140.6MiShares Core S&P 500 ETFVanguard Morningstar Value ETFiShares Trvs. Q3 2022SEC
Q3 2022May 19, 2025Amended35$124.9MiShares Core S&P 500 ETFVanguard Morningstar Value ETFiShares Trvs. Q2 2022SEC
Q2 2022May 19, 2025Amended33$132.2MiShares Core S&P 500 ETFVanguard Morningstar Value ETFDIAvs. Q1 2022SEC
Q1 2022May 19, 2025Amended31$151.8MiShares Core S&P 500 ETFVanguard Morningstar Value ETFDIAvs. Q4 2021SEC
Q4 2021May 19, 2025Amended25$138.2MiShares Core S&P 500 ETFVanguard Morningstar Value ETFDIAvs. Q3 2021SEC
Q3 2021May 19, 2025Amended25$131.6MiShares Core S&P 500 ETFVanguard Morningstar Value ETFDIAvs. Q2 2021SEC
Q2 2021May 19, 2025Amended22$129.6MiShares Core S&P 500 ETFVanguard Morningstar Value ETFDIAvs. Q1 2021SEC
Q1 2021May 19, 2025Amended21$117.7MiShares Core S&P 500 ETFVanguard Morningstar Value ETFDIA–SEC