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Livermore
Livermore
ZHEN

Vermillion Wealth Management, Inc.

SEC CIK
0001737012
Latest filing
Jul 15, 2026

The latest 13F from Vermillion Wealth Management, Inc. covers Q2 2026 (filed Jul 15, 2026): 1,545 long positions worth $426.5M. The top 10 holdings make up 46.4% of the portfolio, and the largest is Dimensional ETF Trust at 13.1%. Livermore has 7 filings on Form 13F from this institution, going back to Q4 2024.

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
999
Est. +$161.5M
Added
112
Est. +$10.3M
Reduced
298
Est. −$19.5M
Sold out
1016
Est. −$2.48M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V401
    13.1%$55.8M
  2. Vanguard Total Bond Market ETF921937835
    5.5%$23.5M
  3. Dimensional ETF Trust25434V872
    4.8%$20.3M
  4. Dimensional ETF Trust25434V575
    4.5%$19.1M
  5. Schwab808517692
    4.2%$18.1M

Share of portfolio

Top 5 holdings and the other 1,540 positions, by share of portfolio value

  1. Dimensional ETF Trust13.1%
  2. Vanguard Total Bond Market ETF5.5%
  3. Dimensional ETF Trust4.8%
  4. Dimensional ETF Trust4.5%
  5. Schwab4.2%
  6. Other 1,540 positions67.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab808517692
    +$18.1MNew
  2. Schwab US Treasury Money Fund;Ultra808515472
    +$16.0MNew
  3. Vanguard Tax-Exempt Bond Index Admiral922907753
    +$5.53MNew
  4. Snoxx808515621
    +$5.25MNew
  5. Vanguard Index FDS922908710
    +$5.04MNew

Largest weight increases

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

  1. Schwab808517692
    +4.23 pp0.0% → 4.2%
  2. Schwab US Treasury Money Fund;Ultra808515472
    +3.76 pp0.0% → 3.8%
  3. Vanguard Tax-Exempt Bond Index Admiral922907753
    +1.30 pp0.0% → 1.3%
  4. Snoxx808515621
    +1.23 pp0.0% → 1.2%
  5. Vanguard Index FDS922908710
    +1.18 pp0.0% → 1.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BRK.BBerkshire Hathaway Inc
    −$2.64MReducedHistory
  2. Schwab U.S. Large-Cap ETF808524201
    −$1.42MReduced
  3. Schwab International Equity ETF808524805
    −$869.8KReduced
  4. NVDANVIDIA Corp
    −$847.3KReducedHistory
  5. Schwab US Aggregate Bond ETF808524839
    −$837.2KReduced

Largest weight decreases

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

  1. Dimensional ETF Trust25434V872
    −3.52 pp8.3% → 4.8%
  2. BRK.BBerkshire Hathaway Inc
    −1.77 pp3.0% → 1.2%History
  3. Dimensional U.S. Small Cap ETF25434V500
    −1.14 pp3.4% → 2.3%
  4. Vanguard Information Technology ETF92204A702
    −0.84 pp3.9% → 3.0%
  5. Schwab U.S. Large-Cap ETF808524201
    −0.67 pp1.0% → 0.4%

Metrics

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

Portfolio value
$426.5M
+$175.3M (+69.8%) vs. prior quarter
Positions
1,545
−17 vs. prior quarter
Top 10 concentration
46.4%
Top 10 as share of value
Turnover
6.5%
Q2 2026, one quarter
Average holding period
4.7 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 (Q4 2024), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $426.5M (Q2 2026)

Q4 2024: $195.3MQ1 2025: $340.7MQ2 2025: $209.5MQ3 2025: $370.2MQ4 2025: $244.0MQ1 2026: $251.2MQ2 2026: $426.5M
Q4 2024Q2 2026
13F filings of Vermillion Wealth Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 20261,545$426.5MDimensional ETF TrustVanguard Total Bond Market ETFDimensional ETF Trustvs. Q1 2026SEC
Q1 2026Apr 17, 20261,562$251.2MDimensional ETF TrustVanguard Total Bond Market ETFDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Feb 11, 2026621$244.0MDimensional ETF TrustVanguard Total Bond Market ETFDimensional ETF Trustvs. Q3 2025SEC
Q3 2025Oct 23, 20251,535$370.2MDimensional ETF TrustVanguard Total Bond Market ETFDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Jul 17, 2025532$209.5MDimensional ETF TrustVanguard Total Bond Market ETFDimensional ETF Trustvs. Q1 2025SEC
Q1 2025Apr 28, 20251,331$340.7MDimensional ETF TrustVanguard Total Bond Market ETFDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Feb 21, 2025550$195.3MDimensional ETF TrustVanguard Total Bond Market ETFDimensional ETF Trust–SEC