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Livermore
Livermore
ZHEN

ERn Financial, LLC

SEC CIK
0001768302
Latest filing
Jul 23, 2026

The latest 13F from ERn Financial, LLC covers Q2 2026 (filed Jul 23, 2026): 161 long positions worth $604.3M. The top 10 holdings make up 38.5% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 Growth ETF at 7.4%. Livermore has 23 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
16
Est. +$4.09M
Added
87
Est. +$15.2M
Reduced
42
Est. −$3.71M
Sold out
5
Est. −$950.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    7.4%$44.5M
  2. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    7.2%$43.3M
  3. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    5.4%$32.9M
  4. iShares Core MSCI Eafe ETF46432F842
    3.5%$20.9M
  5. Victory Portfolios II92647N535
    2.9%$17.7M

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    +$998.3KAdded
  2. PIMCO ETF Tr72201R585
    +$909.4KAdded
  3. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    +$854.9KAdded
  4. Dimensional ETF Trust25434V872
    +$796.8KAdded
  5. Victory Portfolios II92647N535
    +$786.3KAdded

Largest weight increases

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

  1. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    +0.49 pp6.9% → 7.4%
  2. J P Morgan Exchange Traded F46654Q732
    +0.44 pp1.8% → 2.2%
  3. American Centy ETF Tr025072810
    +0.16 pp1.4% → 1.6%
  4. MUMicron Technology Inc
    +0.12 pp0.1% → 0.2%History
  5. GOOGAlphabet Inc.
    +0.11 pp0.1% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco Exch TRD SLF Idx FD46138J619
    −$599.2KReduced
  2. Dimensional ETF Trust25434V203
    −$570.5KReduced
  3. Vanguard Ftse Developed Markets ETF921943858
    −$416.4KReduced
  4. VZVerizon Communications Inc
    −$267.0KSold outHistory
  5. PLTRPalantir Technologies Inc.
    −$213.7KSold outHistory

Largest weight decreases

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

  1. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    −0.19 pp5.6% → 5.4%
  2. Dimensional ETF Trust25434V203
    −0.14 pp0.7% → 0.5%
  3. iShares MSCI Eafe ETF464287465
    −0.10 pp1.3% → 1.2%
  4. Invesco Exch TRD SLF Idx FD46138J619
    −0.09 pp1.6% → 1.5%
  5. Vanguard Ftse Developed Markets ETF921943858
    −0.08 pp0.3% → 0.2%

Metrics

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

Portfolio value
$604.3M
+$72.5M (+13.6%) vs. prior quarter
Positions
161
+11 vs. prior quarter
Top 10 concentration
38.5%
Top 10 as share of value
Turnover
0.8%
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 $666.5M (Q4 2024)

Q1 2021: $258.5MQ2 2021: $282.2MQ3 2021: $390.2MQ4 2021: $448.2MQ1 2022: $451.8MQ2 2022: $410.1MQ3 2022: $391.1MQ4 2022: $438.7MQ1 2023: $454.8MQ2 2023: $477.7MQ3 2023: $460.9MQ4 2023: $528.6MQ1 2024: $576.5MQ2 2024: $602.8MQ3 2024: $657.3MQ4 2024: $666.5MQ1 2025: $632.9MQ2 2025: $474.0MQ3 2025: $506.5MQ4 2025: $531.9MQ1 2026: $531.8MQ2 2026: $604.3M
Q1 2021Q2 2026
13F filings of ERn Financial, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 2026161$604.3MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q1 2026SEC
Q1 2026Apr 24, 2026150$531.8MState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q4 2025SEC
Q4 2025Jan 15, 2026146$531.9MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q3 2025SEC
Q3 2025Oct 30, 2025140$506.5MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q2 2025SEC
Q2 2025Jul 17, 2025145$474.0MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q1 2025SEC
Q1 2025Apr 21, 2025180$632.9MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q4 2024SEC
Q4 2024Jan 14, 2025190$666.5MVanguard S&P 500 Growth ETFInvesco Exch Traded FD Tr IIState Street SPDR Portfolio S&P 500 Growth ETFvs. Q3 2024SEC
Q3 2024Oct 15, 2024187$657.3MVanguard S&P 500 Growth ETFInvesco Exch Traded FD Tr IIState Street SPDR Portfolio S&P 500 Growth ETFvs. Q2 2024SEC
Q2 2024Jul 17, 2024177$602.8MVanguard S&P 500 Growth ETFInvesco Exch Traded FD Tr IIState Street SPDR Portfolio S&P 500 Growth ETFvs. Q1 2024SEC
Q1 2024Apr 15, 2024173$576.5MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2023SEC
Q4 2023Jan 19, 2024166$528.6MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023166$460.9MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFInvesco Exch TRD SLF Idx FDvs. Q2 2023SEC
Q2 2023Aug 10, 2023167$477.7MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFInvesco Exch TRD SLF Idx FDvs. Q1 2023SEC
Q1 2023May 10, 2023169$454.8MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFInvesco Exch TRD SLF Idx FDvs. Q4 2022SEC
Q4 2022Feb 14, 2023172$438.7MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFInvesco Exch TRD SLF Idx FDvs. Q3 2022SEC
Q3 2022Nov 14, 2022159$391.1MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFInvesco Exch TRD SLF Idx FDvs. Q2 2022SEC
Q2 2022Aug 2, 2022164$410.1MInvesco Exch Traded FD Tr IIVanguard S&P 500 Growth ETFInvesco Exch TRD SLF Idx FDvs. Q1 2022SEC
Q1 2022May 13, 2022172$451.8MInvesco Exch Traded FD Tr IIiShares S&P 500 Growth ETFInvesco Exch TRD SLF Idx FDvs. Q4 2021SEC
Q4 2021Feb 11, 2022156$448.2MInvesco Exchange Traded FD TSPDR Index Shs FDSState Street SPDR Portfolio Developed World Ex-US ETFvs. Q3 2021SEC
Q3 2021Nov 16, 2021137$390.2MInvesco Exchange Traded FD TState Street SPDR Portfolio Developed World Ex-US ETFFirst Tr Exchange-Traded FDvs. Q2 2021SEC
Q2 2021Aug 6, 2021104$282.2MState Street SPDR Portfolio Developed World Ex-US ETFiShares MSCI USA Quality Factor ETFFirst Tr Exch Traded FD IIIvs. Q1 2021SEC
Q1 2021Apr 12, 202195$258.5MiShares MSCI USA Quality Factor ETFState Street SPDR Portfolio Developed World Ex-US ETFFirst Tr Exch Traded FD III–SEC