Francis Financial, Inc.
- SEC CIK
- 0001727514
- Latest filing
- Aug 10, 2026
The latest 13F from Francis Financial, Inc. covers Q2 2026 (filed Aug 10, 2026): 131 long positions worth $609.5M. The top 10 holdings make up 60.2% of the portfolio, and the largest is Vanguard S&P 500 ETF at 13.9%. Livermore has 17 filings on Form 13F from this institution, going back to Q2 2022.
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.
- New
- 23
- Est. +$7.58M
- Added
- 66
- Est. +$23.5M
- Reduced
- 26
- Est. −$8.85M
- Sold out
- 4
- Est. −$1.01M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard S&P 500 ETF92290836313.9%$84.5M
- TCW ETF Trust29287L7008.2%$49.8M
- Vanguard Intermediate-Term Bond ETF9219378197.9%$48.1M
- Dimensional ETF Trust25434V6905.7%$34.6M
- J P Morgan Exchange Traded F46641Q1345.4%$32.7M
Share of portfolio
Top 5 holdings and the other 126 positions, by share of portfolio value
- Vanguard S&P 500 ETF13.9%
- TCW ETF Trust8.2%
- Vanguard Intermediate-Term Bond ETF7.9%
- Dimensional ETF Trust5.7%
- J P Morgan Exchange Traded F5.4%
- Other 126 positions59.0%
Biggest buys
New and added positions, by estimated amount bought
- TCW ETF Trust29287L700+$5.76MAdded
- Neuberger Berman ETF Trust64135A887+$2.22MAdded
- Vanguard Ny Tax Free FDS92204H400+$2.16MAdded
- State Street SPDR Portfolio S&P 500 Value ETF78464A508+$1.90MAdded
- Vanguard Intermediate-Term Bond ETF921937819+$1.60MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Tr46435G516+0.19 pp0.0% → 0.2%
- State Street SPDR Portfolio S&P 500 Value ETF78464A508+0.16 pp2.9% → 3.1%
- SPYSPDR S&P 500 ETF Trust
- Vanguard Admiral FDS Inc921932885+0.15 pp3.7% → 3.9%
- Vanguard World FD921910816+0.14 pp0.4% → 0.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- METAMeta Platforms, Inc.
- Vanguard S&P 500 ETF922908363−$1.90MReduced
- Dimensional ETF Trust25434V666−$967.4KReduced
- Vanguard Morningstar Total Stock Market ETF922908769−$952.1KReduced
- Vanguard Morningstar Growth ETF922908736−$670.0KReducedConverted for a 6-for-1 split
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- METAMeta Platforms, Inc.
- Vanguard High Dividend Yield Index ETF921946406−0.22 pp2.2% → 2.0%
- Dimensional ETF Trust25434V666−0.18 pp0.8% → 0.6%
- Vanguard Morningstar Total Stock Market ETF922908769−0.14 pp0.9% → 0.8%
- Vanguard S&P 500 ETF922908363−0.10 pp14.0% → 13.9%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $609.5M
- +$71.1M (+13.2%) vs. prior quarter
- Positions
- 131
- +19 vs. prior quarter
- Top 10 concentration
- 60.2%
- Top 10 as share of value
- Turnover
- 1.7%
- Q2 2026, one quarter
- Average holding period
- 11.5 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 (Q2 2022), so positions held before then are understated.
13F filings by quarter
17 quarters, going back to Q2 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $609.5M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 10, 2026 | 131 | $609.5M | Vanguard S&P 500 ETFTCW ETF TrustVanguard Intermediate-Term Bond ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 7, 2026 | 112 | $538.4M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFTCW ETF Trust | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 11, 2026 | 108 | $510.9M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFTCW ETF Trust | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 6, 2025 | 127 | $561.0M | Vanguard S&P 500 ETFMETAVanguard Intermediate-Term Bond ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 8, 2025 | 92 | $432.7M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFMETA | vs. Q1 2025 | SEC |
| Q1 2025 | May 13, 2025 | 87 | $411.2M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFMETA | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 14, 2025 | 90 | $393.7M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFMETA | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 1, 2024 | 90 | $378.0M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFMETA | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 12, 2024 | 78 | $329.2M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFMETA | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 18, 2024 | 69 | $309.0M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFMETA | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 18, 2024 | 59 | $233.0M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard High Dividend Yield Index ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Oct 25, 2023 | 49 | $191.6M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard High Dividend Yield Index ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 27, 2023 | 44 | $185.0M | Vanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard High Dividend Yield Index ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 4, 2023 | 44 | $147.6M | Vanguard S&P 500 ETFVanguard High Dividend Yield Index ETFVanguard Intermediate-Term Bond ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 8, 2023 | 39 | $107.5M | Vanguard S&P 500 ETFVanguard High Dividend Yield Index ETFiShares Core S&P Small Cap ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Oct 13, 2022 | 36 | $97.8M | Vanguard S&P 500 ETFVanguard High Dividend Yield Index ETFiShares Core S&P Small Cap ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Sep 8, 2022 | 39 | $113.0M | Vanguard S&P 500 ETFVanguard High Dividend Yield Index ETFVanguard Ftse Emerging Markets ETF | – | SEC |