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Livermore
Livermore
ZHEN

Financial & Tax Architects, LLC

SEC CIK
0001758543
Latest filing
Jul 23, 2026

The latest 13F from Financial & Tax Architects, LLC covers Q2 2026 (filed Jul 23, 2026): 110 long positions worth $474.3M. The top 10 holdings make up 37.2% of the portfolio, and the largest is Fidelity Merrimack STR Tr at 5.1%. Livermore has 22 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
24
Est. +$58.1M
Added
45
Est. +$56.7M
Reduced
38
Est. −$67.1M
Sold out
22
Est. −$42.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. Fidelity Merrimack STR Tr316188309
    5.1%$24.1M
  2. iShares Tr464288521
    4.7%$22.5M
  3. iShares MSCI Eafe ETF464287465
    4.7%$22.4M
  4. SPYSPDR S&P 500 ETF Trust
    4.4%$20.8MHistory
  5. Abrdn ETFs003261104
    4.3%$20.5M

Share of portfolio

Top 5 holdings and the other 105 positions, by share of portfolio value

  1. Fidelity Merrimack STR Tr5.1%
  2. iShares Tr4.7%
  3. iShares MSCI Eafe ETF4.7%
  4. SPY4.4%
  5. Abrdn ETFs4.3%
  6. Other 105 positions76.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Merrimack STR Tr316188309
    +$24.1MNew
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$19.2MAdded
  3. Goldman Sachs ETF Tr381430529
    +$10.1MAdded
  4. EMREmerson Electric Co
    +$7.08MAddedHistory
  5. XOMExxonMobil Holdings Corp
    +$6.97MNewHistory

Largest weight increases

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

  1. Fidelity Merrimack STR Tr316188309
    +5.07 pp0.0% → 5.1%
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +4.04 pp0.2% → 4.3%
  3. Goldman Sachs ETF Tr381430529
    +2.07 pp1.0% → 3.0%
  4. EMREmerson Electric Co
    +1.50 pp0.1% → 1.6%History
  5. XOMExxonMobil Holdings Corp
    +1.47 pp0.0% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −$29.4MReduced
  2. iShares Tr464287440
    −$18.4MReduced
  3. XOMExxonMobil Holdings Corp
    −$9.10MSold outHistory
  4. ECLEcolab Inc.
    −$5.76MSold outHistory
  5. MDYSPDR S&P Midcap 400 ETF Trust
    −$5.17MReducedHistory

Largest weight decreases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −5.67 pp5.8% → 0.1%
  2. iShares Tr464287440
    −4.14 pp4.2% → 0.1%
  3. XOMExxonMobil Holdings Corp
    −2.03 pp2.0% → 0.0%History
  4. ECLEcolab Inc.
    −1.28 pp1.3% → 0.0%History
  5. Invesco Exch Traded FD Tr II46138E784
    −1.08 pp1.1% → 0.0%

Metrics

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

Portfolio value
$474.3M
+$25.9M (+5.8%) vs. prior quarter
Positions
110
+2 vs. prior quarter
Top 10 concentration
37.2%
Top 10 as share of value
Turnover
23.7%
Q2 2026, one quarter
Average holding period
13.0 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 $474.3M (Q2 2026)

Q1 2021: $178.3MQ2 2021: $204.1MQ3 2021: $219.4MQ4 2021: $245.0MQ1 2022: $264.9MQ2 2022: $264.0MQ3 2022: $266.9MQ4 2022: $293.1MQ1 2023: $303.9MQ2 2023: $323.9MQ3 2023: $322.0MQ4 2023: $338.0MQ1 2024: $363.4MQ2 2024: $373.0MQ3 2024: $389.0MQ4 2024: $392.6MQ1 2025: $398.4MQ2 2025: $411.7MQ3 2025: $453.1MQ4 2025: $445.0MQ1 2026: $448.4MQ2 2026: $474.3M
Q1 2021Q2 2026
13F filings of Financial & Tax Architects, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 2026110$474.3MFidelity Merrimack STR TriShares TriShares MSCI Eafe ETFvs. Q1 2026SEC
Q1 2026Apr 23, 2026108$448.4MVanguard Morningstar Total Stock Market ETFAbrdn ETFsiShares MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Jan 21, 2026103$445.0MVanguard Morningstar Total Stock Market ETFiShares MSCI Eafe ETFSPYvs. Q3 2025SEC
Q3 2025Nov 5, 2025104$453.1MiShares MSCI Eafe ETFFidelity Merrimack STR TrSPYvs. Q2 2025SEC
Q2 2025Aug 13, 202593$411.7MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares MSCI Eafe ETFSPYvs. Q1 2025SEC
Q1 2025May 6, 2025101$398.4MSPYAbrdn ETFsiShares MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Jan 15, 2025103$392.6MState Street SPDR Bloomberg 1-3 Month T-Bill ETFSPYiShares Trvs. Q3 2024SEC
Q3 2024Nov 13, 202495$389.0MSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 9, 202482$373.0MState Street SPDR Bloomberg 1-3 Month T-Bill ETFSPYAbrdn ETFsvs. Q1 2024SEC
Q1 2024May 8, 202485$363.4MSPYiShares MSCI Eafe ETFiShares Trvs. Q4 2023SEC
Q4 2023Jan 25, 202492$338.0MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TrSPYvs. Q3 2023SEC
Q3 2023Oct 19, 202382$322.0MState Street SPDR Bloomberg 1-3 Month T-Bill ETFSPYAbrdn ETFsvs. Q2 2023SEC
Q2 2023Jul 25, 202379$323.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFSPYiShares MSCI Eafe ETFvs. Q1 2023SEC
Q1 2023Apr 27, 202376$303.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares MSCI Eafe ETFSPYvs. Q4 2022SEC
Q4 2022Feb 9, 202381$293.1MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares MSCI Eafe ETFGoldman Sachs ETF Trvs. Q3 2022SEC
Q3 2022Aug 25, 202364$266.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Malvern FDSState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2022SEC
Q2 2022Aug 25, 202377$264.0MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Core U.S. Aggregate Bond ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2022SEC
Q1 2022Aug 25, 202390$264.9MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2021SEC
Q4 2021Aug 25, 202393$245.0MVanguard Morningstar Total Stock Market ETFiShares TrProShares Trvs. Q3 2021SEC
Q3 2021Aug 25, 202397$219.4MVanguard Total Bond Market ETFVanguard Morningstar Total Stock Market ETFVanguard Scottsdale FDSvs. Q2 2021SEC
Q2 2021Aug 25, 202396$204.1MVanguard Morningstar Total Stock Market ETFSchwab US Aggregate Bond ETFVanguard Scottsdale FDSvs. Q1 2021SEC
Q1 2021Aug 25, 202397$178.3MVanguard Morningstar Total Stock Market ETFMDYiShares Core U.S. Aggregate Bond ETF–SEC