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Livermore
Livermore
ZHEN

Stephens Group Asset Management, LLC

SEC CIK
0001726808
Latest filing
Jul 16, 2026

The latest 13F from Stephens Group Asset Management, LLC covers Q2 2026 (filed Jul 16, 2026): 26 long positions worth $1.77B. The top 10 holdings make up 82.2% of the portfolio, and the largest is Vanguard Morningstar Mid-Cap Value ETF at 13.7%. 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
0
Added
12
Est. +$14.0M
Reduced
13
Est. −$3.56M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Mid-Cap Value ETF922908512
    13.7%$241.7M
  2. Vanguard Morningstar Value ETF922908744
    12.1%$213.9M
  3. Vanguard Morningstar Growth ETF922908736
    12.0%$212.0M
  4. Vanguard Morningstar Mid-Cap Growth ETF922908538
    11.5%$204.1M
  5. iShares Russell Mid-Cap Value ETF464287473
    6.6%$116.9M

Share of portfolio

Top 5 holdings and the other 21 positions, by share of portfolio value

  1. Vanguard Morningstar Mid-Cap Value ETF13.7%
  2. Vanguard Morningstar Value ETF12.1%
  3. Vanguard Morningstar Growth ETF12.0%
  4. Vanguard Morningstar Mid-Cap Growth ETF11.5%
  5. iShares Russell Mid-Cap Value ETF6.6%
  6. Other 21 positions44.1%

Biggest buys

New and added positions, by estimated amount bought

  1. SPDR Series Trust78464A672
    +$3.18MAdded
  2. Schwab US Tips ETF808524870
    +$1.89MAdded
  3. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375
    +$1.89MAdded
  4. Vanguard Morningstar Mid-Cap Growth ETF922908538
    +$1.84MAdded
  5. iShares Russell Mid-Cap Growth ETF464287481
    +$1.76MAdded

Largest weight increases

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

  1. Vanguard Morningstar Mid-Cap Growth ETF922908538
    +0.70 pp10.8% → 11.5%
  2. iShares Russell 1000 Growth ETF464287614
    +0.20 pp5.0% → 5.1%
  3. iShares Russell Mid-Cap Growth ETF464287481
    +0.16 pp4.5% → 4.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287630
    −$814.7KReduced
  2. Vanguard Morningstar Value ETF922908744
    −$741.6KReduced
  3. iShares Russell 1000 Value ETF464287598
    −$738.2KReduced
  4. iShares Russell Mid-Cap Value ETF464287473
    −$576.9KReduced
  5. iShares Russell 2000 Growth ETF464287648
    −$267.5KReduced

Largest weight decreases

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

  1. Vanguard Morningstar Value ETF922908744
    −0.23 pp12.3% → 12.1%
  2. iShares Russell Mid-Cap Value ETF464287473
    −0.02 pp6.6% → 6.6%
  3. iShares Tr46429B655
    −0.01 pp0.1% → <0.1%
  4. iShares Tr464288661
    −0.01 pp<0.1% → <0.1%
  5. iShares Tr464287457
    −0.01 pp<0.1% → <0.1%

Metrics

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

Portfolio value
$1.77B
+$200.5M (+12.8%) vs. prior quarter
Positions
26
0 vs. prior quarter
Top 10 concentration
82.2%
Top 10 as share of value
Turnover
0.2%
Q2 2026, one quarter
Average holding period
21.9 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 $1.77B (Q2 2026)

Q1 2021: $1.02BQ2 2021: $967.5MQ3 2021: $967.1MQ4 2021: $1.04BQ1 2022: $996.4MQ2 2022: $863.4MQ3 2022: $837.3MQ4 2022: $878.4MQ1 2023: $924.1MQ2 2023: $1.02BQ3 2023: $928.6MQ4 2023: $1.03BQ1 2024: $1.09BQ2 2024: $1.10BQ3 2024: $1.20BQ4 2024: $1.20BQ1 2025: $1.24BQ2 2025: $1.39BQ3 2025: $1.48BQ4 2025: $1.50BQ1 2026: $1.57BQ2 2026: $1.77B
Q1 2021Q2 2026
13F filings of Stephens Group Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 202626$1.77BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2026SEC
Q1 2026Apr 8, 202626$1.57BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2025SEC
Q4 2025Jan 8, 202626$1.50BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q3 2025SEC
Q3 2025Oct 7, 202526$1.48BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2025SEC
Q2 2025Jul 17, 202532$1.39BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2025SEC
Q1 2025Apr 15, 202532$1.24BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2024SEC
Q4 2024Jan 14, 202534$1.20BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2024SEC
Q3 2024Oct 9, 202434$1.20BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2024SEC
Q2 2024Jul 10, 202427$1.10BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2024SEC
Q1 2024Apr 17, 202427$1.09BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023Jan 12, 202427$1.03BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2023SEC
Q3 2023Oct 6, 202324$928.6MVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Jul 17, 202324$1.02BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2023SEC
Q1 2023Apr 11, 202325$924.1MVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2022SEC
Q4 2022Jan 11, 202326$878.4MVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q3 2022SEC
Q3 2022Oct 11, 202225$837.3MVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2022SEC
Q2 2022Jul 7, 202225$863.4MVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2022SEC
Q1 2022Apr 14, 202225$996.4MVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2021SEC
Q4 2021Jan 4, 202225$1.04BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2021SEC
Q3 2021Oct 14, 202124$967.1MVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Growth ETFvs. Q2 2021SEC
Q2 2021Jul 15, 202123$967.5MVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2021SEC
Q1 2021Apr 13, 202123$1.02BVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETF–SEC