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Livermore
Livermore
ZHEN

Pathway Financial Advisors LLC

SEC CIK
0001738828
Latest filing
Jul 6, 2026

The latest 13F from Pathway Financial Advisors LLC covers Q2 2026 (filed Jul 6, 2026): 130 long positions worth $857.3M. The top 10 holdings make up 66.4% of the portfolio, and the largest is Vanguard Morningstar Value ETF at 13.5%. Livermore has 21 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
5
Est. +$1.27M
Added
38
Est. +$14.1M
Reduced
46
Est. −$29.4M
Sold out
11
Est. −$3.25M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Value ETF922908744
    13.5%$115.9M
  2. Vanguard Morningstar Growth ETF922908736
    12.0%$102.6M
  3. Goldman Sachs ETF Tr381430529
    10.3%$88.2M
  4. Vanguard Morningstar Mid-Cap ETF922908629
    5.5%$47.5M
  5. iShares Core MSCI Emerging Markets ETF46434G103
    5.0%$42.9M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Scottsdale FDS92206C706
    +$3.03MAdded
  2. Vanguard Instl Index FD922040845
    +$2.16MAdded
  3. iShares Core MSCI Eafe ETF46432F842
    +$1.99MAdded
  4. Vanguard Ftse Emerging Markets ETF922042858
    +$1.19MAdded
  5. Vanguard Ftse Developed Markets ETF921943858
    +$954.7KAdded

Largest weight increases

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

  1. iShares Core MSCI Emerging Markets ETF46434G103
    +0.46 pp4.5% → 5.0%
  2. iShares Core MSCI Eafe ETF46432F842
    +0.25 pp4.2% → 4.4%
  3. Vanguard Ftse Emerging Markets ETF922042858
    +0.15 pp0.3% → 0.4%
  4. Vanguard Ftse Developed Markets ETF921943858
    +0.12 pp0.3% → 0.4%
  5. AAPLApple Inc.
    +0.09 pp0.5% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Goldman Sachs ETF Tr381430529
    −$7.51MReduced
  2. BNY Mellon Concentrated International ETF09661T834
    −$3.96MReduced
  3. Vanguard Instl Index FD922040852
    −$3.65MReduced
  4. HONHoneywell International Inc
    −$3.12MReducedHistory
  5. Vanguard Morningstar Growth ETF922908736
    −$3.01MReducedConverted for a 6-for-1 split

Largest weight decreases

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

  1. Goldman Sachs ETF Tr381430529
    −1.56 pp11.8% → 10.3%
  2. Vanguard Instl Index FD922040852
    −0.56 pp2.4% → 1.8%
  3. Flexshares Tr33939L407
    −0.44 pp2.7% → 2.3%
  4. BNY Mellon Concentrated International ETF09661T834
    −0.44 pp1.0% → 0.6%
  5. HONHoneywell International Inc
    −0.41 pp0.8% → 0.4%History

Metrics

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

Portfolio value
$857.3M
+$49.0M (+6.1%) vs. prior quarter
Positions
130
−6 vs. prior quarter
Top 10 concentration
66.4%
Top 10 as share of value
Turnover
1.8%
Q2 2026, one quarter
Average holding period
15.9 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

20 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $857.3M (Q2 2026)

Q1 2021: $253.4MQ4 2021: $280.4MQ1 2022: $267.3MQ2 2022: $240.4MQ3 2022: $290.4MQ4 2022: $324.0MQ1 2023: $295.8MQ2 2023: $306.7MQ3 2023: $292.6MQ4 2023: $346.3MQ1 2024: $369.8MQ2 2024: $370.3MQ3 2024: $389.7MQ4 2024: $434.7MQ1 2025: $555.2MQ2 2025: $683.5MQ3 2025: $750.2MQ4 2025: $796.0MQ1 2026: $808.3MQ2 2026: $857.3M
Q1 2021Q2 2026
13F filings of Pathway Financial Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 6, 2026130$857.3MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFGoldman Sachs ETF Trvs. Q1 2026SEC
Q1 2026Apr 8, 2026136$808.3MVanguard Morningstar Value ETFGoldman Sachs ETF TrVanguard Morningstar Growth ETFvs. Q4 2025SEC
Q4 2025Jan 14, 2026147$796.0MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFGoldman Sachs ETF Trvs. Q3 2025SEC
Q3 2025Oct 10, 2025141$750.2MGoldman Sachs ETF TrVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2025SEC
Q2 2025Jul 25, 2025133$683.5MGoldman Sachs ETF TrVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025Apr 16, 2025169$555.2MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2024SEC
Q4 2024Jan 31, 2025164$434.7MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q3 2024SEC
Q3 2024Oct 8, 2024163$389.7MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2024SEC
Q2 2024Jul 24, 2024171$370.3MGoldman Sachs ETF TrVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2024SEC
Q1 2024Apr 10, 2024172$369.8MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2023SEC
Q4 2023Apr 10, 2024Amended161$346.3MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q3 2023SEC
Q3 2023Oct 30, 2023136$292.6MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Jul 19, 2023134$306.7MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2023SEC
Q1 2023Apr 28, 2023131$295.8MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2022SEC
Q4 2022Jan 23, 2023125$324.0MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q3 2022SEC
Q3 2022Nov 7, 2022128$290.4MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2022SEC
Q2 2022Jul 21, 2022130$240.4MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFGoldman Sachs ETF Trvs. Q1 2022SEC
Q1 2022Apr 25, 2022141$267.3MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFGoldman Sachs ETF Trvs. Q4 2021SEC
Q4 2021Feb 2, 2022135$280.4MGoldman Sachs ETF TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETF–SEC
Q1 2021Jun 21, 2021126$253.4MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFGoldman Sachs ETF Tr–SEC