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Livermore
Livermore
ZHEN

Robertson Stephens Wealth Management, LLC

SEC CIK
0001767307
Latest filing
Jul 29, 2026

The latest 13F from Robertson Stephens Wealth Management, LLC covers Q2 2026 (filed Jul 29, 2026): 645 long positions worth $4.06B. The top 10 holdings make up 39.5% of the portfolio, and the largest is Vanguard S&P 500 ETF at 11.3%. 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
60
Est. +$48.5M
Added
192
Est. +$230.9M
Reduced
315
Est. −$155.9M
Sold out
30
Est. −$42.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    11.3%$457.0M
  2. Vanguard Ftse Developed Markets ETF921943858
    5.1%$207.9M
  3. Vanguard Dividend Appreciation ETF921908844
    4.5%$181.8M
  4. AAPLApple Inc.
    3.5%$141.9MHistory
  5. APPAppLovin Corp
    3.1%$125.0MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Russell Midcap ETF464287499
    +$27.6MAdded
  2. Vanguard S&P 500 ETF922908363
    +$22.6MAdded
  3. iShares Tr46436E718
    +$19.7MAdded
  4. Vanguard Ftse Developed Markets ETF921943858
    +$17.7MAdded
  5. Invesco Exchange Traded FD T46137V357
    +$16.9MAdded

Largest weight increases

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

  1. iShares Russell Midcap ETF464287499
    +0.68 pp0.9% → 1.5%
  2. Vanguard S&P 500 ETF922908363
    +0.67 pp10.6% → 11.3%
  3. iShares Tr46436E718
    +0.45 pp0.3% → 0.7%
  4. American Centy ETF Tr025072604
    +0.43 pp0.8% → 1.2%
  5. Invesco Exchange Traded FD T46137V357
    +0.39 pp0.8% → 1.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Intl Equity Index F922042874
    −$27.9MReduced
  2. ProShares Tr74349Y753
    −$22.9MSold out
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$14.8MReduced
  4. iShares Core S&P 500 ETF464287200
    −$11.0MReduced
  5. AVGOBroadcom Inc.
    −$8.21MReducedHistory

Largest weight decreases

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

  1. Vanguard Intl Equity Index F922042874
    −0.75 pp1.2% → 0.4%
  2. ProShares Tr74349Y753
    −0.64 pp0.6% → 0.0%
  3. iShares Core S&P 500 ETF464287200
    −0.25 pp3.2% → 3.0%
  4. iShares Tr464287184
    −0.22 pp0.2% → <0.1%
  5. iShares Core MSCI Emerging Markets ETF46434G103
    −0.22 pp3.3% → 3.1%

Metrics

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

Portfolio value
$4.06B
+$491.2M (+13.8%) vs. prior quarter
Positions
645
+30 vs. prior quarter
Top 10 concentration
39.5%
Top 10 as share of value
Turnover
5.2%
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 $4.06B (Q2 2026)

Q1 2021: $625.2MQ2 2021: $832.5MQ3 2021: $859.8MQ4 2021: $1.17BQ1 2022: $1.16BQ2 2022: $1.01BQ3 2022: $888.5MQ4 2022: $1.02BQ1 2023: $1.26BQ2 2023: $1.37BQ3 2023: $1.48BQ4 2023: $1.60BQ1 2024: $1.83BQ2 2024: $1.91BQ3 2024: $2.72BQ4 2024: $2.81BQ1 2025: $2.67BQ2 2025: $2.89BQ3 2025: $3.31BQ4 2025: $3.55BQ1 2026: $3.57BQ2 2026: $4.06B
Q1 2021Q2 2026
13F filings of Robertson Stephens Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026645$4.06BVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Dividend Appreciation ETFvs. Q1 2026SEC
Q1 2026Apr 28, 2026615$3.57BVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Dividend Appreciation ETFvs. Q4 2025SEC
Q4 2025Feb 2, 2026634$3.55BAPPVanguard S&P 500 ETFAAPLvs. Q3 2025SEC
Q3 2025Nov 12, 2025530$3.31BAPPVanguard S&P 500 ETFSPYvs. Q2 2025SEC
Q2 2025Jul 24, 2025542$2.89BVanguard S&P 500 ETFAPPVanguard Dividend Appreciation ETFvs. Q1 2025SEC
Q1 2025Apr 17, 2025537$2.67BVanguard S&P 500 ETFVanguard Dividend Appreciation ETFiShares Core S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 27, 2025554$2.81BVanguard S&P 500 ETFAPPiShares Core S&P 500 ETFvs. Q3 2024SEC
Q3 2024Nov 12, 2024616$2.72BVanguard S&P 500 ETFiShares Core S&P 500 ETFAAPLvs. Q2 2024SEC
Q2 2024Aug 13, 2024487$1.91BiShares Core S&P 500 ETFVanguard S&P 500 ETFAAPLvs. Q1 2024SEC
Q1 2024May 15, 2024488$1.83BVanguard S&P 500 ETFiShares Core S&P 500 ETFSPYvs. Q4 2023SEC
Q4 2023Feb 6, 2024441$1.60BVanguard S&P 500 ETFiShares Core S&P 500 ETFAAPLvs. Q3 2023SEC
Q3 2023Nov 13, 2023442$1.48BiShares Core S&P 500 ETFVanguard S&P 500 ETFAAPLvs. Q2 2023SEC
Q2 2023Aug 11, 2023416$1.37BVanguard S&P 500 ETFAAPLiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 11, 2023439$1.26BAAPLVanguard S&P 500 ETFiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 14, 2023403$1.02BVanguard S&P 500 ETFiShares Core S&P 500 ETFAAPLvs. Q3 2022SEC
Q3 2022Nov 14, 2022356$888.5MVanguard S&P 500 ETFAAPLiShares Core S&P 500 ETFvs. Q2 2022SEC
Q2 2022Aug 12, 2022371$1.01BiShares Core S&P 500 ETFVanguard S&P 500 ETFAAPLvs. Q1 2022SEC
Q1 2022May 16, 2022378$1.16BVanguard S&P 500 ETFAAPLiShares Core S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 14, 2022378$1.17BAAPLVanguard S&P 500 ETFAPPvs. Q3 2021SEC
Q3 2021Nov 10, 2021307$859.8MVanguard S&P 500 ETFAPPSPYvs. Q2 2021SEC
Q2 2021Aug 17, 2021333$832.5MVanguard S&P 500 ETFAYIAAPLvs. Q1 2021SEC
Q1 2021May 7, 2021282$625.2MVanguard S&P 500 ETFAAPLVanguard Ftse Developed Markets ETF–SEC