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Livermore
Livermore
ZHEN

Financial Strategies Group, Inc.

SEC CIK
0001774343
Latest filing
Aug 10, 2026

The latest 13F from Financial Strategies Group, Inc. covers Q2 2026 (filed Aug 10, 2026): 100 long positions worth $627.6M. The top 10 holdings make up 53.6% of the portfolio, and the largest is SPDR Series Trust 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
2
Est. +$20.0M
Added
58
Est. +$23.4M
Reduced
30
Est. −$28.0M
Sold out
3
Est. −$3.91M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPDR Series Trust78464A805
    11.3%$70.9M
  2. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    8.5%$53.3M
  3. Fidelity Covington Trust31609A404
    8.0%$50.0M
  4. Fidelity Merrimack STR Tr316188309
    4.8%$30.1M
  5. Schwab Fundamental U.S. Large Company ETF808524771
    4.7%$29.8M

Share of portfolio

Top 5 holdings and the other 95 positions, by share of portfolio value

  1. SPDR Series Trust11.3%
  2. State Street SPDR Portfolio Aggregate Bond ETF8.5%
  3. Fidelity Covington Trust8.0%
  4. Fidelity Merrimack STR Tr4.8%
  5. Schwab Fundamental U.S. Large Company ETF4.7%
  6. Other 95 positions62.7%

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072604
    +$19.8MNew
  2. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    +$3.92MAdded
  3. iShares Tr46436E718
    +$2.96MAdded
  4. Fidelity Merrimack STR Tr316188309
    +$2.13MAdded
  5. HCAHCA Healthcare, Inc.
    +$2.07MAddedHistory

Largest weight increases

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

  1. American Centy ETF Tr025072604
    +3.15 pp0.0% → 3.2%
  2. iShares Tr46436E718
    +0.43 pp1.0% → 1.4%
  3. Schwab Fundamental U.S. Large Company ETF808524771
    +0.16 pp4.6% → 4.7%
  4. Fidelity Covington Trust31609A404
    +0.15 pp7.8% → 8.0%
  5. WRBBerkley W R Corp
    +0.15 pp1.7% → 1.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Index Shs FDS78463X509
    −$15.6MReduced
  2. Vanguard Morningstar Mid-Cap ETF922908629
    −$3.28MReducedConverted for a 4-for-1 split
  3. SPDR Index Shs FDS78463X756
    −$3.01MSold out
  4. Vanguard Ftse Emerging Markets ETF922042858
    −$2.24MReduced
  5. GOOGAlphabet Inc.
    −$1.87MReducedHistory

Largest weight decreases

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

  1. SPDR Index Shs FDS78463X509
    −2.73 pp5.4% → 2.7%
  2. SPDR Index Shs FDS78463X756
    −0.50 pp0.5% → 0.0%
  3. GOOGAlphabet Inc.
    −0.44 pp2.6% → 2.1%History
  4. Vanguard Ftse Emerging Markets ETF922042858
    −0.39 pp0.7% → 0.3%
  5. CNRCore Natural Resources, Inc.
    −0.16 pp0.3% → 0.1%History

Metrics

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

Portfolio value
$627.6M
+$29.8M (+5.0%) vs. prior quarter
Positions
100
−1 vs. prior quarter
Top 10 concentration
53.6%
Top 10 as share of value
Turnover
5.2%
Q2 2026, one quarter
Average holding period
16.1 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 $627.6M (Q2 2026)

Q1 2021: $193.1MQ2 2021: $216.2MQ3 2021: $223.8MQ4 2021: $245.2MQ1 2022: $250.9MQ2 2022: $238.7MQ3 2022: $220.6MQ4 2022: $240.7MQ1 2023: $259.7MQ2 2023: $312.6MQ3 2023: $317.0MQ4 2023: $349.7MQ1 2024: $372.1MQ2 2024: $397.7MQ3 2024: $426.8MQ4 2024: $418.0MQ1 2025: $422.9MQ2 2025: $479.4MQ3 2025: $524.6MQ4 2025: $552.4MQ1 2026: $597.8MQ2 2026: $627.6M
Q1 2021Q2 2026
13F filings of Financial Strategies Group, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026100$627.6MSPDR Series TrustState Street SPDR Portfolio Aggregate Bond ETFFidelity Covington Trustvs. Q1 2026SEC
Q1 2026May 8, 2026101$597.8MSPDR Series TrustState Street SPDR Portfolio Aggregate Bond ETFFidelity Covington Trustvs. Q4 2025SEC
Q4 2025Feb 5, 202694$552.4MSPDR Series TrustState Street SPDR Portfolio Aggregate Bond ETFFidelity Covington Trustvs. Q3 2025SEC
Q3 2025Nov 4, 202593$524.6MSPDR Series TrustState Street SPDR Portfolio Aggregate Bond ETFFidelity Covington Trustvs. Q2 2025SEC
Q2 2025Aug 14, 202593$479.4MSPDR Series TrustiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2025SEC
Q1 2025May 16, 202592$422.9MSPDR Series TrustState Street SPDR Portfolio Aggregate Bond ETFiShares Trvs. Q4 2024SEC
Q4 2024Jan 24, 202596$418.0MSPDR Series TrustState Street SPDR Portfolio Aggregate Bond ETFiShares Trvs. Q3 2024SEC
Q3 2024Oct 31, 202496$426.8MSPDR Series TrustState Street SPDR Portfolio Aggregate Bond ETFiShares Trvs. Q2 2024SEC
Q2 2024Jul 17, 202496$397.7MSPDR Series TrustiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2024SEC
Q1 2024Apr 18, 202480$372.1MSPDR Series TrustiShares TrState Street SPDR Portfolio Aggregate Bond ETFvs. Q4 2023SEC
Q4 2023Jan 30, 202477$349.7MSPDR Series TrustiShares TriShares Trvs. Q3 2023SEC
Q3 2023Oct 18, 202375$317.0MSPDR Series TrustiShares TriShares Trvs. Q2 2023SEC
Q2 2023Jul 13, 202373$312.6MSPDR Series TrustiShares TrSPDR Index Shs FDSvs. Q1 2023SEC
Q1 2023May 2, 202378$259.7MSPDR Series TrustiShares TrSPDR Index Shs FDSvs. Q4 2022SEC
Q4 2022Feb 10, 202378$240.7MSPDR Series TrustState Street SPDR Portfolio Developed World Ex-US ETFSPDR Index Shs FDSvs. Q3 2022SEC
Q3 2022Oct 26, 202276$220.6MSPDR Series TrustState Street SPDR Portfolio Developed World Ex-US ETFSPDR Index Shs FDSvs. Q2 2022SEC
Q2 2022Aug 8, 202285$238.7MSPDR Series TrustState Street SPDR Portfolio Developed World Ex-US ETFSPDR Index Shs FDSvs. Q1 2022SEC
Q1 2022Apr 29, 202284$250.9MSPDR Series TrustState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q4 2021SEC
Q4 2021Feb 7, 202277$245.2MSPDR Series TrustState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q3 2021SEC
Q3 2021Nov 12, 202173$223.8MSPDR Series TrustState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2021SEC
Q2 2021Aug 13, 202173$216.2MSPDR Series TrustState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2021SEC
Q1 2021May 6, 202170$193.1MSPDR Series TrustState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio Aggregate Bond ETF–SEC