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Livermore
Livermore
ZHEN

KMG Fiduciary Partners, LLC

SEC CIK
0001773205
Latest filing
Jul 9, 2026

The latest 13F from KMG Fiduciary Partners, LLC covers Q2 2026 (filed Jul 9, 2026): 207 long positions worth $1.08B. The top 10 holdings make up 39.1% of the portfolio, and the largest is Apple Inc. (AAPL) at 6.5%. 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
12
Est. +$17.0M
Added
63
Est. +$28.8M
Reduced
111
Est. −$354.7M
Sold out
66
Est. −$151.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    6.5%$69.6MHistory
  2. NVDANVIDIA Corp
    5.2%$56.5MHistory
  3. GOOGLAlphabet Inc.
    4.6%$50.0MHistory
  4. MSFTMicrosoft Corp
    4.1%$43.7MHistory
  5. iShares Core S&P 500 ETF464287200
    3.5%$37.8M

Share of portfolio

Top 5 holdings and the other 202 positions, by share of portfolio value

  1. AAPL6.5%
  2. NVDA5.2%
  3. GOOGL4.6%
  4. MSFT4.1%
  5. iShares Core S&P 500 ETF3.5%
  6. Other 202 positions76.1%

Biggest buys

New and added positions, by estimated amount bought

  1. JPMorgan Ultra-Short Income ETF46641Q837
    +$11.5MNew
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$2.12MAddedHistory
  3. HDHome Depot, Inc.
    +$2.00MAddedHistory
  4. GEVGE Vernova Inc.
    +$1.79MAddedHistory
  5. BXBlackstone Inc.
    +$1.65MAddedHistory

Largest weight increases

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

  1. JPMorgan Ultra-Short Income ETF46641Q837
    +1.07 pp0.0% → 1.1%
  2. FTNTFortinet, Inc.
    +0.55 pp0.4% → 0.9%History
  3. iShares Core S&P Mid-Cap ETF464287507
    +0.54 pp1.1% → 1.6%
  4. PGProcter & Gamble Co
    +0.42 pp1.0% → 1.4%History
  5. J P Morgan Exchange Traded F46641Q852
    +0.39 pp1.3% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$23.0MReducedHistory
  2. AMATApplied Materials Inc
    −$17.3MReducedHistory
  3. GOOGLAlphabet Inc.
    −$14.3MReducedHistory
  4. AAPLApple Inc.
    −$13.1MReducedHistory
  5. GLWCorning Inc
    −$12.3MReducedHistory

Largest weight decreases

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

  1. Janus Detroit STR Tr47103U886
    −0.85 pp0.8% → 0.0%
  2. iShares Core U.S. Aggregate Bond ETF464287226
    −0.74 pp0.7% → 0.0%
  3. Capital Grp Fixed Incm ETF T14020Y300
    −0.73 pp0.8% → 0.1%
  4. Fidelity Merrimack STR Tr316188309
    −0.67 pp1.2% → 0.5%
  5. First Trust Rising Dividend Achievers ETF33738R506
    −0.66 pp0.8% → 0.1%

Metrics

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

Portfolio value
$1.08B
−$275.8M (−20.4%) vs. prior quarter
Positions
207
−54 vs. prior quarter
Top 10 concentration
39.1%
Top 10 as share of value
Turnover
3.8%
Q2 2026, one quarter
Average holding period
19.6 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 $1.49B (Q3 2025)

Q1 2021: $512.7MQ2 2021: $566.6MQ3 2021: $587.7MQ4 2021: $646.3MQ1 2022: $625.5MQ2 2022: $536.5MQ3 2022: $519.7MQ4 2022: $609.0MQ1 2023: $697.2MQ2 2023: $772.6MQ3 2023: $756.8MQ4 2023: $858.7MQ1 2024: $965.2MQ2 2024: $1.02BQ3 2024: $1.16BQ4 2024: $1.21BQ1 2025: $1.20BQ2 2025: $1.35BQ3 2025: $1.49BQ4 2025: $1.41BQ1 2026: $1.35BQ2 2026: $1.08B
Q1 2021Q2 2026
13F filings of KMG Fiduciary Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 9, 2026207$1.08BAAPLNVDAGOOGLvs. Q1 2026SEC
Q1 2026Apr 13, 2026261$1.35BAAPLNVDAGOOGLvs. Q4 2025SEC
Q4 2025Jan 14, 2026262$1.41BAAPLNVDAMSFTvs. Q3 2025SEC
Q3 2025Oct 10, 2025297$1.49BNVDAAAPLiShares Core S&P 500 ETFvs. Q2 2025SEC
Q2 2025Jul 10, 2025288$1.35BMSFTNVDAiShares Core S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 14, 2025284$1.20BAAPLiShares Core S&P 500 ETFMSFTvs. Q4 2024SEC
Q4 2024Jan 15, 2025270$1.21BAAPLiShares Core S&P 500 ETFMSFTvs. Q3 2024SEC
Q3 2024Oct 17, 2024267$1.16BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2024SEC
Q2 2024Jul 18, 2024239$1.02BiShares Core S&P 500 ETFAAPLMSFTvs. Q1 2024SEC
Q1 2024Apr 10, 2024233$965.2MiShares Core S&P 500 ETFMSFTAAPLvs. Q4 2023SEC
Q4 2023Jan 10, 2024236$858.7MiShares Core S&P 500 ETFAAPLMSFTvs. Q3 2023SEC
Q3 2023Oct 25, 2023223$756.8MiShares Core S&P 500 ETFAAPLMSFTvs. Q2 2023SEC
Q2 2023Jul 14, 2023227$772.6MAAPLiShares Core S&P 500 ETFMSFTvs. Q1 2023SEC
Q1 2023Apr 13, 2023223$697.2MiShares Core S&P 500 ETFAAPLMSFTvs. Q4 2022SEC
Q4 2022Jan 12, 2023228$609.0MiShares Core S&P 500 ETFAAPLMSFTvs. Q3 2022SEC
Q3 2022Oct 27, 2022191$519.7MAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2022SEC
Q2 2022Jul 13, 2022203$536.5MAAPLiShares Core S&P 500 ETFMSFTvs. Q1 2022SEC
Q1 2022Apr 19, 2022201$625.5MAAPLiShares Core S&P 500 ETFMSFTvs. Q4 2021SEC
Q4 2021Jan 12, 2022198$646.3MiShares Core S&P 500 ETFAAPLMSFTvs. Q3 2021SEC
Q3 2021Oct 12, 2021199$587.7MiShares Core S&P 500 ETFAAPLMSFTvs. Q2 2021SEC
Q2 2021Jul 20, 2021199$566.6MiShares Core S&P 500 ETFAAPLMSFTvs. Q1 2021SEC
Q1 2021Apr 8, 2021171$512.7MiShares Core S&P 500 ETFAAPLMSFT–SEC