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Livermore
Livermore
ZHEN

Targeted Financial Services LLC

SEC CIK
0001758288
Latest filing
Jul 16, 2026

The latest 13F from Targeted Financial Services LLC covers Q2 2026 (filed Jul 16, 2026): 63 long positions worth $135.5M. The top 10 holdings make up 72.0% of the portfolio, and the largest is Fidelity Merrimack STR Tr at 20.7%. Livermore has 3 filings on Form 13F from this institution, going back to Q4 2025.

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
13
Est. +$4.90M
Added
25
Est. +$8.33M
Reduced
12
Est. −$1.72M
Sold out
4
Est. −$780.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. Fidelity Merrimack STR Tr316188309
    20.7%$28.0M
  2. Goldman Sachs ETF Tr381430503
    18.8%$25.5M
  3. GLDSPDR Gold Trust
    9.8%$13.2MHistory
  4. iShares Core Dividend Growth ETF46434V621
    8.5%$11.6M
  5. SPDR Series Trust78464A664
    4.3%$5.86M

Share of portfolio

Top 5 holdings and the other 58 positions, by share of portfolio value

  1. Fidelity Merrimack STR Tr20.7%
  2. Goldman Sachs ETF Tr18.8%
  3. GLD9.8%
  4. iShares Core Dividend Growth ETF8.5%
  5. SPDR Series Trust4.3%
  6. Other 58 positions37.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Merrimack STR Tr316188309
    +$3.73MAdded
  2. VanEck ETF Trust92189F700
    +$1.33MNew
  3. iShares Russell 1000 Value ETF464287598
    +$752.5KNew
  4. SPDR Series Trust78464A664
    +$649.7KAdded
  5. State Street Energy Select Sector SPDR ETF81369Y506
    +$647.5KAdded

Largest weight increases

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

  1. VanEck ETF Trust92189F700
    +0.98 pp0.0% → 1.0%
  2. Fidelity Merrimack STR Tr316188309
    +0.70 pp20.0% → 20.7%
  3. iShares Russell 1000 Value ETF464287598
    +0.56 pp0.0% → 0.6%
  4. NVDANVIDIA Corp
    +0.46 pp0.4% → 0.9%History
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.43 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46434V613
    −$851.5KReduced
  2. Goldman Sachs ETF Tr381430503
    −$339.3KReduced
  3. iShares Core S&P 500 ETF464287200
    −$293.9KSold out
  4. iShares Tr464288158
    −$255.9KSold out
  5. Invesco Exch Traded FD Tr II46138E537
    −$200.2KReduced

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −3.00 pp12.8% → 9.8%History
  2. iShares Tr46434V613
    −0.84 pp2.1% → 1.3%
  3. iShares Core Dividend Growth ETF46434V621
    −0.38 pp8.9% → 8.5%
  4. iShares Core S&P 500 ETF464287200
    −0.24 pp0.2% → 0.0%
  5. Invesco Exch Traded FD Tr II46138E537
    −0.23 pp1.0% → 0.8%

Metrics

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

Portfolio value
$135.5M
+$13.6M (+11.1%) vs. prior quarter
Positions
63
+9 vs. prior quarter
Top 10 concentration
72.0%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
2.9 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 (Q4 2025), so positions held before then are understated.

13F filings by quarter

3 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $135.5M (Q2 2026)

Q4 2025: $116.1MQ1 2026: $121.9MQ2 2026: $135.5M
Q4 2025Q2 2026
13F filings of Targeted Financial Services LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 202663$135.5MFidelity Merrimack STR TrGoldman Sachs ETF TrGLDvs. Q1 2026SEC
Q1 2026Apr 15, 202654$121.9MFidelity Merrimack STR TrGoldman Sachs ETF TrGLDvs. Q4 2025SEC
Q4 2025Mar 3, 202652$116.1MGoldman Sachs ETF TrFidelity Merrimack STR TrGLD–SEC