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Livermore
Livermore
ZHEN

Bedel Financial Consulting, Inc.

SEC CIK
0001730511
Latest filing
Jul 29, 2026

The latest 13F from Bedel Financial Consulting, Inc. covers Q2 2026 (filed Jul 29, 2026): 307 long positions worth $1.04B. The top 10 holdings make up 60.5% of the portfolio, and the largest is Eli Lilly & Co (LLY) at 37.8%. Livermore has 23 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
27
Est. +$12.7M
Added
129
Est. +$20.1M
Reduced
70
Est. −$4.29M
Sold out
13
Est. −$4.02M

Top 5 holdings

Share of this quarter's portfolio value

  1. LLYEli Lilly & Co
    37.8%$393.7MHistory
  2. Dimensional ETF Trust25434V203
    6.3%$65.3M
  3. Vanguard Mun BD FDS922907746
    3.4%$35.6M
  4. Dimensional Emerging Core Equity Market ETF25434V302
    3.1%$32.2M
  5. AAPLApple Inc.
    2.3%$24.3MHistory

Share of portfolio

Top 5 holdings and the other 302 positions, by share of portfolio value

  1. LLY37.8%
  2. Dimensional ETF Trust6.3%
  3. Vanguard Mun BD FDS3.4%
  4. Dimensional Emerging Core Equity Market ETF3.1%
  5. AAPL2.3%
  6. Other 302 positions47.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Harbor ETF Trust41151J505
    +$2.42MNew
  2. Vanguard Mun BD FDS922907696
    +$2.34MNew
  3. Dimensional ETF Trust25434V203
    +$2.24MAdded
  4. AAPLApple Inc.
    +$2.09MAddedHistory
  5. Vanguard Scottsdale FDS92206C409
    +$1.15MAdded

Largest weight increases

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

  1. LLYEli Lilly & Co
    +3.13 pp34.6% → 37.8%History
  2. Harbor ETF Trust41151J505
    +0.23 pp0.0% → 0.2%
  3. Vanguard Mun BD FDS922907696
    +0.22 pp0.0% → 0.2%
  4. First Tr Exchange-Traded Alp33737M300
    +0.09 pp0.9% → 1.0%
  5. AAPLApple Inc.
    +0.09 pp2.2% → 2.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$1.45MSold outHistory
  2. iShares Core S&P 500 ETF464287200
    −$873.9KReduced
  3. Schwab US Dividend Equity ETF808524797
    −$424.1KReduced
  4. AMATApplied Materials Inc
    −$349.2KReducedHistory
  5. iShares MSCI USA Min Vol Factor ETF46429B697
    −$317.3KSold out

Largest weight decreases

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

  1. Vanguard Mun BD FDS922907746
    −0.62 pp4.0% → 3.4%
  2. HONHoneywell International Inc
    −0.17 pp0.2% → 0.0%History
  3. XOMExxonMobil Holdings Corp
    −0.16 pp0.5% → 0.3%History
  4. Innovator ETFs Trust45782C870
    −0.12 pp1.1% → 1.0%
  5. iShares Core S&P 500 ETF464287200
    −0.12 pp0.9% → 0.8%

Metrics

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

Portfolio value
$1.04B
+$172.5M (+19.8%) vs. prior quarter
Positions
307
+14 vs. prior quarter
Top 10 concentration
60.5%
Top 10 as share of value
Turnover
0.9%
Q2 2026, one quarter
Average holding period
19.3 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 $1.04B (Q2 2026)

Q1 2021: $258.5MQ2 2021: $287.3MQ3 2021: $291.3MQ4 2021: $321.6MQ1 2022: $318.3MQ2 2022: $341.8MQ3 2022: $377.2MQ4 2022: $402.1MQ1 2023: $410.6MQ2 2023: $478.7MQ3 2023: $493.9MQ4 2023: $545.2MQ1 2024: $637.4MQ2 2024: $682.3MQ3 2024: $708.7MQ4 2024: $719.4MQ1 2025: $697.0MQ2 2025: $732.3MQ3 2025: $782.8MQ4 2025: $929.3MQ1 2026: $870.0MQ2 2026: $1.04B
Q1 2021Q2 2026
13F filings of Bedel Financial Consulting, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026307$1.04BLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q1 2026SEC
Q1 2026May 4, 2026293$870.0MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q4 2025SEC
Q4 2025Jan 28, 2026289$929.3MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q3 2025SEC
Q3 2025Nov 7, 2025285$782.8MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q2 2025SEC
Q2 2025Aug 12, 2025273$732.3MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q1 2025SEC
Q1 2025May 7, 2025260$697.0MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q4 2024SEC
Q4 2024Feb 6, 2025266$719.4MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q3 2024SEC
Q3 2024Nov 12, 2024258$708.7MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q2 2024SEC
Q2 2024Aug 5, 2024250$682.3MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q1 2024SEC
Q1 2024May 7, 2024252$637.4MLLYDimensional ETF TrustVanguard Mun BD FDSvs. Q4 2023SEC
Q4 2023Feb 13, 2024Amended244$545.2MLLYVanguard Mun BD FDSDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Feb 8, 2024235$493.9MLLYVanguard Mun BD FDSDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Aug 10, 2023240$478.7MLLYVanguard Mun BD FDSDimensional ETF Trustvs. Q1 2023SEC
Q1 2023May 2, 2023225$410.6MLLYVanguard Mun BD FDSJanus Detroit STR Trvs. Q4 2022SEC
Q4 2022Feb 7, 2023226$402.1MLLYVanguard Mun BD FDSJanus Detroit STR Trvs. Q3 2022SEC
Q3 2022Nov 8, 2022212$377.2MLLYVanguard Mun BD FDSJanus Detroit STR Trvs. Q2 2022SEC
Q2 2022Aug 4, 2022195$341.8MLLYVanguard Mun BD FDSJanus Detroit STR Trvs. Q1 2022SEC
Q1 2022Apr 19, 20221,007$318.3MLLYJanus Detroit STR TrAAPLvs. Q4 2021SEC
Q4 2021Jan 11, 20221,060$321.6MLLYJanus Detroit STR TrAAPLvs. Q3 2021SEC
Q3 2021Oct 12, 20211,028$291.3MLLYJanus Detroit STR TrAAPLvs. Q2 2021SEC
Q2 2021Aug 3, 20211,011$287.3MLLYJanus Detroit STR TrAAPLvs. Q1 2021SEC
Q1 2021Apr 26, 2021964$258.5MLLYJanus Detroit STR TrAAPL–SEC