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Livermore
Livermore
ZHEN

Tull Financial Group, Inc.

SEC CIK
0001769060
Latest filing
Aug 5, 2026

The latest 13F from Tull Financial Group, Inc. covers Q2 2026 (filed Aug 5, 2026): 35 long positions worth $255.5M. The top 10 holdings make up 95.1% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 24.3%. Livermore has 8 filings on Form 13F from this institution, going back to Q3 2024.

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
4
Est. +$9.82M
Added
19
Est. +$6.11M
Reduced
9
Est. −$8.33M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    24.3%$62.1M
  2. Vanguard Malvern FDS922020748
    15.2%$38.9M
  3. iShares Core MSCI Eafe ETF46432F842
    12.5%$31.9M
  4. SPYSPDR S&P 500 ETF Trust
    11.2%$28.7MHistory
  5. BlackRock ETF Trust09290C103
    10.7%$27.2M

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072604
    +$8.96MNew
  2. Vanguard Malvern FDS922020748
    +$1.63MAdded
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$1.51MAdded
  4. BlackRock ETF Trust09290C103
    +$1.12MAdded
  5. iShares Core MSCI Eafe ETF46432F842
    +$969.1KAdded

Largest weight increases

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

  1. American Centy ETF Tr025072604
    +3.51 pp0.0% → 3.5%
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.74 pp23.6% → 24.3%
  3. BlackRock ETF Trust09290C103
    +0.68 pp10.0% → 10.7%
  4. Vanguard Instl Index FD922040845
    +0.18 pp0.0% → 0.2%
  5. iShares Russell 1000 Value ETF464287598
    +0.08 pp0.0% → 0.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Ftse Emerging Markets ETF922042858
    −$7.79MReduced
  2. SPYSPDR S&P 500 ETF Trust
    −$278.5KReducedHistory
  3. iShares Russell 1000 Growth ETF464287614
    −$81.1KReducedConverted for a 4-for-1 split
  4. J P Morgan Exchange Traded F46641Q761
    −$74.1KReduced
  5. Schwab US Dividend Equity ETF808524797
    −$48.2KReduced

Largest weight decreases

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

  1. Vanguard Ftse Emerging Markets ETF922042858
    −3.15 pp3.2% → 0.1%
  2. Schwab US Dividend Equity ETF808524797
    −0.08 pp0.7% → 0.6%
  3. MSFTMicrosoft Corp
    −0.04 pp0.3% → 0.2%History
  4. SPYSPDR S&P 500 ETF Trust
    −0.04 pp11.3% → 11.2%History
  5. BRK.BBerkshire Hathaway Inc
    −0.02 pp0.2% → 0.2%History

Metrics

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

Portfolio value
$255.5M
+$31.5M (+14.1%) vs. prior quarter
Positions
35
+4 vs. prior quarter
Top 10 concentration
95.1%
Top 10 as share of value
Turnover
3.5%
Q2 2026, one quarter
Average holding period
7.6 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 (Q3 2024), so positions held before then are understated.

13F filings by quarter

8 quarters, going back to Q3 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $255.5M (Q2 2026)

Q3 2024: $164.5MQ4 2024: $165.8MQ1 2025: $171.7MQ2 2025: $219.8MQ3 2025: $226.5MQ4 2025: $233.5MQ1 2026: $224.0MQ2 2026: $255.5M
Q3 2024Q2 2026
13F filings of Tull Financial Group, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 202635$255.5MState Street SPDR Portfolio S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q1 2026SEC
Q1 2026May 7, 202631$224.0MState Street SPDR Portfolio S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Feb 12, 202632$233.5MState Street SPDR Portfolio S&P 500 ETFJ P Morgan Exchange Traded FVanguard Malvern FDSvs. Q3 2025SEC
Q3 2025Dec 8, 202531$226.5MState Street SPDR Portfolio S&P 500 ETFJ P Morgan Exchange Traded FVanguard Malvern FDSvs. Q2 2025SEC
Q2 2025Aug 20, 202535$219.8MState Street SPDR Portfolio S&P 500 ETFVanguard Malvern FDSJ P Morgan Exchange Traded Fvs. Q1 2025SEC
Q1 2025Aug 20, 202527$171.7MState Street SPDR Portfolio S&P 500 ETFJ P Morgan Exchange Traded FiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Feb 4, 202528$165.8MSPYJ P Morgan Exchange Traded FiShares Core MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Oct 21, 202426$164.5MSPYiShares Core MSCI Eafe ETFJ P Morgan Exchange Traded F–SEC