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Livermore
Livermore
ZHEN

CRA Financial Services, LLC

SEC CIK
0001765594
Latest filing
Jul 24, 2026

The latest 13F from CRA Financial Services, LLC covers Q2 2026 (filed Jul 24, 2026): 321 long positions worth $867.6M. The top 10 holdings make up 36.6% of the portfolio, and the largest is Apple Inc. (AAPL) at 6.7%. 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
29
Est. +$8.86M
Added
149
Est. +$14.8M
Reduced
84
Est. −$14.0M
Sold out
4
Est. −$1.55M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    6.7%$58.3MHistory
  2. Schwab US Dividend Equity ETF808524797
    4.5%$38.7M
  3. Schwab U.S. Large-Cap Growth ETF808524300
    4.1%$35.3M
  4. AMZNAmazon Com Inc
    3.8%$32.6MHistory
  5. Invesco QQQ Trust Series I46090E103
    3.7%$31.8M

Biggest buys

New and added positions, by estimated amount bought

  1. JPMorgan Ultra-Short Income ETF46641Q837
    +$1.06MAdded
  2. Schwab US Dividend Equity ETF808524797
    +$1.03MAdded
  3. Vanguard Morningstar Total Stock Market ETF922908769
    +$944.3KAdded
  4. SPCXSpace Exploration Technologies Corp
    +$853.4KNewHistory
  5. Vanguard S&P 500 ETF922908363
    +$767.1KAdded

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +0.45 pp3.2% → 3.7%
  2. GOOGLAlphabet Inc.
    +0.28 pp2.5% → 2.8%History
  3. Vanguard Morningstar Total Stock Market ETF922908769
    +0.17 pp2.7% → 2.9%
  4. GOOGAlphabet Inc.
    +0.15 pp1.1% → 1.2%History
  5. Schwab U.S. Large-Cap Growth ETF808524300
    +0.14 pp3.9% → 4.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Fidelity Merrimack STR Tr316188309
    −$5.95MReduced
  2. Janus Detroit STR Tr47103U845
    −$3.26MReduced
  3. HONHoneywell International Inc
    −$907.5KSold outHistory
  4. Innovator ETFs Trust45782C813
    −$727.8KReduced
  5. Vanguard Morningstar Small-Cap ETF922908751
    −$303.4KReduced

Largest weight decreases

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

  1. Fidelity Merrimack STR Tr316188309
    −0.81 pp1.1% → 0.3%
  2. Janus Detroit STR Tr47103U845
    −0.45 pp0.7% → 0.2%
  3. SPDR Series Trust78464A763
    −0.16 pp1.8% → 1.6%
  4. HONHoneywell International Inc
    −0.12 pp0.1% → 0.0%History
  5. Innovator ETFs Trust45782C813
    −0.11 pp0.5% → 0.4%

Metrics

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

Portfolio value
$867.6M
+$97.5M (+12.7%) vs. prior quarter
Positions
321
+25 vs. prior quarter
Top 10 concentration
36.6%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
18.6 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 $867.6M (Q2 2026)

Q1 2021: $258.3MQ2 2021: $287.3MQ3 2021: $295.3MQ4 2021: $336.4MQ1 2022: $332.4MQ2 2022: $291.8MQ3 2022: $277.9MQ4 2022: $305.5MQ1 2023: $336.8MQ2 2023: $370.0MQ3 2023: $363.3MQ4 2023: $408.7MQ1 2024: $460.4MQ2 2024: $495.6MQ3 2024: $545.0MQ4 2024: $582.8MQ1 2025: $584.4MQ2 2025: $654.1MQ3 2025: $731.0MQ4 2025: $764.2MQ1 2026: $770.1MQ2 2026: $867.6M
Q1 2021Q2 2026
13F filings of CRA Financial Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 2026321$867.6MAAPLSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2026SEC
Q1 2026Apr 9, 2026296$770.1MAAPLSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2025SEC
Q4 2025Jan 16, 2026292$764.2MAAPLSchwab U.S. Large-Cap Growth ETFSchwab US Dividend Equity ETFvs. Q3 2025SEC
Q3 2025Oct 16, 2025294$731.0MAAPLSchwab U.S. Large-Cap Growth ETFSchwab US Dividend Equity ETFvs. Q2 2025SEC
Q2 2025Jul 14, 2025278$654.1MAAPLSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2025SEC
Q1 2025Apr 16, 2025271$584.4MAAPLSchwab US Dividend Equity ETFAMZNvs. Q4 2024SEC
Q4 2024Jan 31, 2025267$582.8MAAPLAMZNSchwab US Dividend Equity ETFvs. Q3 2024SEC
Q3 2024Oct 10, 2024267$545.0MAAPLSchwab US Dividend Equity ETFAMZNvs. Q2 2024SEC
Q2 2024Jul 12, 2024251$495.6MAAPLSchwab US Dividend Equity ETFAMZNvs. Q1 2024SEC
Q1 2024Apr 17, 2024240$460.4MAAPLSchwab US Dividend Equity ETFAMZNvs. Q4 2023SEC
Q4 2023Feb 1, 2024217$408.7MAAPLSchwab US Dividend Equity ETFAMZNvs. Q3 2023SEC
Q3 2023Oct 13, 2023203$363.3MAAPLSchwab US Dividend Equity ETFAMZNvs. Q2 2023SEC
Q2 2023Jul 11, 2023208$370.0MAAPLSchwab US Dividend Equity ETFAMZNvs. Q1 2023SEC
Q1 2023Apr 6, 2023204$336.8MAAPLSchwab US Dividend Equity ETFVanguard Dividend Appreciation ETFvs. Q4 2022SEC
Q4 2022Jan 24, 2023204$305.5MAAPLSchwab US Dividend Equity ETFSPDR Series Trustvs. Q3 2022SEC
Q3 2022Oct 24, 2022191$277.9MAAPLAMZNSchwab US Dividend Equity ETFvs. Q2 2022SEC
Q2 2022Jul 21, 2022203$291.8MAAPLSchwab US Dividend Equity ETFAMZNvs. Q1 2022SEC
Q1 2022Apr 15, 2022207$332.4MAAPLAMZNMSFTvs. Q4 2021SEC
Q4 2021Jan 20, 2022206$336.4MAAPLAMZNMSFTvs. Q3 2021SEC
Q3 2021Oct 12, 2021194$295.3MAAPLAMZNVanguard Dividend Appreciation ETFvs. Q2 2021SEC
Q2 2021Jul 23, 2021188$287.3MAAPLAMZNSPDR Series Trustvs. Q1 2021SEC
Q1 2021Apr 16, 2021174$258.3MAAPLAMZNSPDR Series Trust–SEC