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Livermore
Livermore
ZHEN

MBM Wealth Consultants, LLC

SEC CIK
0001762068
Latest filing
Jul 24, 2026

The latest 13F from MBM Wealth Consultants, LLC covers Q2 2026 (filed Jul 24, 2026): 123 long positions worth $518.6M. The top 10 holdings make up 64.2% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 11.1%. 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
7
Est. +$19.9M
Added
88
Est. +$58.7M
Reduced
19
Est. −$9.22M
Sold out
271
Est. −$23.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    11.1%$57.4M
  2. Vanguard High Dividend Yield Index ETF921946406
    10.0%$52.0M
  3. Vanguard S&P 500 ETF922908363
    9.7%$50.3M
  4. JPMorgan Ultra-Short Income ETF46641Q837
    5.5%$28.4M
  5. Pgim ETF Tr69344A107
    5.5%$28.3M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Mid-Cap ETF922908629
    +$15.9MAddedConverted for a 4-for-1 split
  2. PIMCO Active Bond Exchange-Traded Fund72201R775
    +$12.9MNew
  3. J P Morgan Exchange Traded F46654Q773
    +$9.10MAdded
  4. JPMorgan Ultra-Short Income ETF46641Q837
    +$4.02MAdded
  5. Schwab Strategic Tr808524862
    +$3.57MAdded

Largest weight increases

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

  1. Vanguard Morningstar Mid-Cap ETF922908629
    +3.05 pp0.2% → 3.2%
  2. PIMCO Active Bond Exchange-Traded Fund72201R775
    +2.50 pp0.0% → 2.5%
  3. J P Morgan Exchange Traded F46654Q773
    +1.10 pp4.1% → 5.2%
  4. AAPLApple Inc.
    +0.57 pp0.9% → 1.5%History
  5. LRCXLam Research Corp
    +0.56 pp0.8% → 1.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares U S ETF Tr46431W507
    −$17.2MSold out
  2. iShares Tr464288158
    −$2.81MReduced
  3. Vanguard Morningstar Small-Cap ETF922908751
    −$1.44MReduced
  4. JEFJefferies Financial Group Inc.
    −$1.37MReducedHistory
  5. ARCCAres Capital Corp
    −$1.33MReducedHistory

Largest weight decreases

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

  1. iShares U S ETF Tr46431W507
    −3.94 pp3.9% → 0.0%
  2. Vanguard High Dividend Yield Index ETF921946406
    −1.23 pp11.3% → 10.0%
  3. iShares Tr464288158
    −0.68 pp0.9% → 0.2%
  4. Vanguard S&P 500 ETF922908363
    −0.44 pp10.1% → 9.7%
  5. Vanguard Morningstar Small-Cap ETF922908751
    −0.42 pp5.0% → 4.6%

Metrics

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

Portfolio value
$518.6M
+$83.0M (+19.1%) vs. prior quarter
Positions
123
−264 vs. prior quarter
Top 10 concentration
64.2%
Top 10 as share of value
Turnover
6.8%
Q2 2026, one quarter
Average holding period
17.6 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 $518.6M (Q2 2026)

Q1 2021: $196.9MQ2 2021: $213.1MQ3 2021: $219.0MQ4 2021: $241.0MQ1 2022: $240.8MQ2 2022: $204.4MQ3 2022: $207.4MQ4 2022: $212.2MQ1 2023: $236.3MQ2 2023: $233.6MQ3 2023: $230.0MQ4 2023: $267.7MQ1 2024: $284.3MQ2 2024: $293.1MQ3 2024: $317.0MQ4 2024: $335.9MQ1 2025: $338.4MQ2 2025: $373.5MQ3 2025: $402.7MQ4 2025: $420.5MQ1 2026: $435.6MQ2 2026: $518.6M
Q1 2021Q2 2026
13F filings of MBM Wealth Consultants, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 2026123$518.6MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 20, 2026387$435.6MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFVanguard S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 26, 2026110$420.5MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 31, 2025108$402.7MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 13, 2025107$373.5MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 28, 2025105$338.4MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 17, 2025104$335.9MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 7, 2024106$317.0MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 30, 2024104$293.1MVanguard Morningstar Growth ETFVanguard S&P 500 ETFVanguard High Dividend Yield Index ETFvs. Q1 2024SEC
Q1 2024Apr 18, 2024105$284.3MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 30, 2024106$267.7MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 19, 2023106$230.0MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Jul 24, 2023103$233.6MVanguard Morningstar Growth ETFVanguard S&P 500 ETFVanguard High Dividend Yield Index ETFvs. Q1 2023SEC
Q1 2023May 31, 2023286$236.3MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 15, 2023347$212.2MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFVanguard S&P 500 ETFvs. Q3 2022SEC
Q3 2022Oct 24, 2022271$207.4MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Aug 15, 2022283$204.4MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFVanguard S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 16, 2022310$240.8MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 15, 2022299$241.0MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q3 2021SEC
Q3 2021Nov 16, 2021295$219.0MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q2 2021SEC
Q2 2021Aug 13, 2021269$213.1MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFSPDR Series Trustvs. Q1 2021SEC
Q1 2021May 10, 2021259$196.9MVanguard Morningstar Growth ETFPgim ETF TriShares Tr–SEC