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Livermore
Livermore
ZHEN

JFG Wealth Management, LLC

SEC CIK
0001766972
Latest filing
Oct 31, 2025

The latest 13F from JFG Wealth Management, LLC covers Q3 2025 (filed Oct 31, 2025): 67 long positions worth $510.6M. The top 10 holdings make up 88.4% of the portfolio, and the largest is Vanguard Morningstar Large-Cap ETF at 46.2%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2025

Share counts compared with Q2 2025: 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
6
Est. +$1.91M
Added
27
Est. +$6.11M
Reduced
12
Est. −$5.96M
Sold out
1
Est. −$259.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Large-Cap ETF922908637
    46.2%$236.0M
  2. Vanguard Ftse Developed Markets ETF921943858
    12.5%$63.6M
  3. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    12.2%$62.1M
  4. Vanguard Ftse Emerging Markets ETF922042858
    6.2%$31.9M
  5. Schwab International Small-Cap Equity ETF808524888
    3.4%$17.2M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Large-Cap ETF922908637
    +$2.51MAdded
  2. iShares Tr46436E718
    +$590.0KNew
  3. NVDANVIDIA Corp
    +$570.6KAddedHistory
  4. MSFTMicrosoft Corp
    +$528.3KAddedHistory
  5. Vanguard Ftse Developed Markets ETF921943858
    +$419.9KAdded

Largest weight increases

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

  1. Vanguard Morningstar Large-Cap ETF922908637
    +0.95 pp45.3% → 46.2%
  2. NVDANVIDIA Corp
    +0.26 pp1.4% → 1.7%History
  3. Vanguard Ftse Emerging Markets ETF922042858
    +0.19 pp6.1% → 6.2%
  4. iShares Tr46436E718
    +0.12 pp0.0% → 0.1%
  5. MSFTMicrosoft Corp
    +0.10 pp0.1% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −$3.47MReduced
  2. SPDR Series Trust78468R721
    −$918.1KReduced
  3. Schwab International Small-Cap Equity ETF808524888
    −$663.5KReduced
  4. ISPOInspirato Inc
    −$259.9KSold outHistory
  5. Vanguard Morningstar Small-Cap ETF922908751
    −$244.6KReduced

Largest weight decreases

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

  1. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −1.54 pp13.7% → 12.2%
  2. SPDR Series Trust78468R721
    −0.20 pp0.4% → 0.2%
  3. Schwab International Small-Cap Equity ETF808524888
    −0.13 pp3.5% → 3.4%
  4. Invesco Actvely MNGD Etc FD46090F100
    −0.07 pp0.9% → 0.8%
  5. ISPOInspirato Inc
    −0.05 pp0.1% → 0.0%History

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$510.6M
+$32.6M (+6.8%) vs. prior quarter
Positions
67
+5 vs. prior quarter
Top 10 concentration
88.4%
Top 10 as share of value
Turnover
1.3%
Q3 2025, 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

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

Peak $510.6M (Q3 2025)

Q1 2021: $179.4MQ2 2021: $227.3MQ3 2021: $209.7MQ4 2021: $266.9MQ1 2022: $332.9MQ2 2022: $273.4MQ3 2022: $298.2MQ4 2022: $307.9MQ1 2023: $293.6MQ2 2023: $326.1MQ3 2023: $306.2MQ4 2023: $348.3MQ1 2024: $372.9MQ2 2024: $351.2MQ3 2024: $364.5MQ4 2024: $436.3MQ1 2025: $440.0MQ2 2025: $478.0MQ3 2025: $510.6M
Q1 2021Q3 2025
13F filings of JFG Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Oct 31, 202567$510.6MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q2 2025SEC
Q2 2025Aug 8, 202562$478.0MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFvs. Q1 2025SEC
Q1 2025May 12, 202580$440.0MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Feb 4, 202597$436.3MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Oct 30, 202473$364.5MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q2 2024SEC
Q2 2024Aug 1, 202456$351.2MVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETFPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q1 2024SEC
Q1 2024May 10, 202461$372.9MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Feb 6, 202480$348.3MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFvs. Q3 2023SEC
Q3 2023Nov 7, 202335$306.2MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFvs. Q2 2023SEC
Q2 2023Jul 31, 202337$326.1MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFvs. Q1 2023SEC
Q1 2023May 9, 202330$293.6MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFvs. Q4 2022SEC
Q4 2022Feb 1, 202335$307.9MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundLBRTvs. Q3 2022SEC
Q3 2022Nov 10, 202243$298.2MPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Morningstar Large-Cap ETFSchwab U.S. Large-Cap ETFvs. Q2 2022SEC
Q2 2022Aug 11, 202241$273.4MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundLBRTvs. Q1 2022SEC
Q1 2022May 6, 202240$332.9MPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Morningstar Large-Cap ETFLBRTvs. Q4 2021SEC
Q4 2021Feb 11, 202245$266.9MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundLBRTvs. Q3 2021SEC
Q3 2021Nov 15, 202144$209.7MVanguard Morningstar Large-Cap ETFLBRTPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q2 2021SEC
Q2 2021Aug 12, 202144$227.3MVanguard Morningstar Large-Cap ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundLBRTvs. Q1 2021SEC
Q1 2021May 12, 202123$179.4MLBRTPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Morningstar Large-Cap ETF–SEC