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Livermore
Livermore
ZHEN

Benchmark Wealth Management, LLC

SEC CIK
0001788241
Latest filing
Jul 18, 2025

The latest 13F from Benchmark Wealth Management, LLC covers Q2 2025 (filed Jul 18, 2025): 70 long positions worth $225.0M. The top 10 holdings make up 68.6% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 14.8%. Livermore has 18 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2025

Share counts compared with Q1 2025: 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
6
Est. +$1.86M
Added
26
Est. +$9.34M
Reduced
21
Est. −$5.08M
Sold out
3
Est. −$623.5K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    14.8%$33.4M
  2. Vanguard Total Bond Market ETF921937835
    11.4%$25.7M
  3. Vanguard S&P 500 ETF922908363
    11.4%$25.7M
  4. Vanguard High Dividend Yield Index ETF921946406
    7.6%$17.1M
  5. Vanguard Morningstar Value ETF922908744
    7.3%$16.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$2.87MAdded
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +$1.58MAdded
  3. Vanguard Ftse Developed Markets ETF921943858
    +$1.16MAdded
  4. Vanguard Total International Bond ETF92203J407
    +$805.4KAdded
  5. J P Morgan Exchange Traded F46654Q815
    +$375.6KNew

Largest weight increases

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

  1. Vanguard S&P 500 ETF922908363
    +1.43 pp10.0% → 11.4%
  2. iShares Core U.S. Aggregate Bond ETF464287226
    +0.62 pp1.1% → 1.7%
  3. Vanguard Ftse Developed Markets ETF921943858
    +0.53 pp0.6% → 1.2%
  4. Vanguard Total International Bond ETF92203J407
    +0.31 pp0.7% → 1.0%
  5. J P Morgan Exchange Traded F46654Q815
    +0.17 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Growth ETF922908736
    −$1.79MReduced
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −$1.18MReduced
  3. Vanguard High Dividend Yield Index ETF921946406
    −$495.8KReduced
  4. Vanguard Morningstar Value ETF922908744
    −$470.5KReduced
  5. Vanguard Mun BD FDS922907746
    −$296.0KReduced

Largest weight decreases

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

  1. Vanguard Morningstar Value ETF922908744
    −0.69 pp8.0% → 7.3%
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −0.69 pp2.0% → 1.3%
  3. Vanguard High Dividend Yield Index ETF921946406
    −0.64 pp8.2% → 7.6%
  4. Schwab US Dividend Equity ETF808524797
    −0.46 pp3.1% → 2.6%
  5. Vanguard Mun BD FDS922907746
    −0.35 pp2.3% → 2.0%

Metrics

13F metrics for Q2 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$225.0M
+$18.3M (+8.9%) vs. prior quarter
Positions
70
+3 vs. prior quarter
Top 10 concentration
68.6%
Top 10 as share of value
Turnover
2.6%
Q2 2025, one quarter
Average holding period
15.1 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

18 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $225.0M (Q2 2025)

Q1 2021: $134.8MQ2 2021: $145.6MQ3 2021: $142.2MQ4 2021: $154.8MQ1 2022: $148.7MQ2 2022: $135.9MQ3 2022: $127.5MQ4 2022: $138.9MQ1 2023: $156.8MQ2 2023: $165.7MQ3 2023: $156.6MQ4 2023: $169.2MQ1 2024: $183.5MQ2 2024: $187.7MQ3 2024: $202.4MQ4 2024: $203.1MQ1 2025: $206.7MQ2 2025: $225.0M
Q1 2021Q2 2025
13F filings of Benchmark Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2025Jul 18, 202570$225.0MVanguard Morningstar Growth ETFVanguard Total Bond Market ETFVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 7, 202567$206.7MVanguard Morningstar Growth ETFVanguard Total Bond Market ETFVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 7, 202552$203.1MVanguard Morningstar Growth ETFVanguard Total Bond Market ETFVanguard S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 18, 202454$202.4MVanguard Morningstar Growth ETFVanguard Total Bond Market ETFVanguard Morningstar Value ETFvs. Q2 2024SEC
Q2 2024Jul 8, 202451$187.7MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q1 2024SEC
Q1 2024Apr 8, 202449$183.5MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q4 2023SEC
Q4 2023Jan 19, 202447$169.2MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q3 2023SEC
Q3 2023Oct 16, 202348$156.6MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q2 2023SEC
Q2 2023Jul 19, 202348$165.7MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q1 2023SEC
Q1 2023Apr 17, 202351$156.8MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFVanguard Total Bond Market ETFvs. Q4 2022SEC
Q4 2022Feb 7, 202352$138.9MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Oct 13, 202249$127.5MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFVanguard Total Bond Market ETFvs. Q2 2022SEC
Q2 2022Jul 11, 202248$135.9MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFVanguard Total Bond Market ETFvs. Q1 2022SEC
Q1 2022Apr 14, 202246$148.7MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q4 2021SEC
Q4 2021Jan 21, 202248$154.8MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q3 2021SEC
Q3 2021Oct 12, 202145$142.2MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q2 2021SEC
Q2 2021Jul 14, 202147$145.6MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETFvs. Q1 2021SEC
Q1 2021Apr 15, 202143$134.8MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Total Bond Market ETF–SEC