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Livermore
Livermore
ZHEN

UMA Financial Services, Inc.

SEC CIK
0001795173
Latest filing
Jul 20, 2026

The latest 13F from UMA Financial Services, Inc. covers Q2 2026 (filed Jul 20, 2026): 2,334 long positions worth $837.4M. The top 10 holdings make up 51.2% of the portfolio, and the largest is iShares Core S&P 500 ETF at 12.3%. 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
422
Est. +$11.5M
Added
891
Est. +$64.2M
Reduced
462
Est. −$55.9M
Sold out
145
Est. −$655.6K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    12.3%$103.0M
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    11.2%$94.0M
  3. iShares MSCI Acwi Ex U.S. ETF464288240
    5.3%$44.0M
  4. Dimensional ETF Trust25434V203
    3.8%$31.9M
  5. iShares S&P 500 Growth ETF464287309
    3.8%$31.7M

Share of portfolio

Top 5 holdings and the other 2,329 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF12.3%
  2. State Street SPDR Portfolio S&P 500 ETF11.2%
  3. iShares MSCI Acwi Ex U.S. ETF5.3%
  4. Dimensional ETF Trust3.8%
  5. iShares S&P 500 Growth ETF3.8%
  6. Other 2,329 positions63.6%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$34.7MAdded
  2. BlackRock ETF Trust09290C665
    +$8.31MNew
  3. iShares MSCI Acwi Ex U.S. ETF464288240
    +$6.59MAdded
  4. Global X FDS37960A529
    +$2.67MAdded
  5. iShares S&P 500 Growth ETF464287309
    +$2.66MAdded

Largest weight increases

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

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +4.04 pp7.2% → 11.2%
  2. BlackRock ETF Trust09290C665
    +0.99 pp0.0% → 1.0%
  3. iShares MSCI Acwi Ex U.S. ETF464288240
    +0.57 pp4.7% → 5.3%
  4. iShares S&P 500 Growth ETF464287309
    +0.46 pp3.3% → 3.8%
  5. Dimensional ETF Trust25434V872
    +0.20 pp0.6% → 0.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Quality Factor ETF46432F339
    −$13.7MReduced
  2. iShares Tr464288877
    −$11.0MReduced
  3. Dimensional Emerging Core Equity Market ETF25434V302
    −$5.57MReduced
  4. BlackRock ETF Trust09290C806
    −$4.90MReduced
  5. BlackRock ETF Trust09290C780
    −$4.24MReduced

Largest weight decreases

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

  1. iShares MSCI USA Quality Factor ETF46432F339
    −1.68 pp2.0% → 0.4%
  2. iShares Tr464288877
    −1.50 pp1.6% → 0.1%
  3. iShares S&P 500 Value ETF464287408
    −0.73 pp4.0% → 3.2%
  4. Dimensional Emerging Core Equity Market ETF25434V302
    −0.60 pp3.7% → 3.1%
  5. BlackRock ETF Trust09290C806
    −0.55 pp1.6% → 1.0%

Metrics

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

Portfolio value
$837.4M
+$118.9M (+16.5%) vs. prior quarter
Positions
2,334
+277 vs. prior quarter
Top 10 concentration
51.2%
Top 10 as share of value
Turnover
7.3%
Q2 2026, one quarter
Average holding period
16.6 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 $837.4M (Q2 2026)

Q1 2021: $307.4MQ2 2021: $349.1MQ3 2021: $363.7MQ4 2021: $381.3MQ1 2022: $376.6MQ2 2022: $345.2MQ3 2022: $325.4MQ4 2022: $370.6MQ1 2023: $381.1MQ2 2023: $402.9MQ3 2023: $388.7MQ4 2023: $448.0MQ1 2024: $475.6MQ2 2024: $542.7MQ3 2024: $554.2MQ4 2024: $591.8MQ1 2025: $580.8MQ2 2025: $636.8MQ3 2025: $702.6MQ4 2025: $718.7MQ1 2026: $718.5MQ2 2026: $837.4M
Q1 2021Q2 2026
13F filings of UMA Financial Services, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 20262,334$837.4MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares MSCI Acwi Ex U.S. ETFvs. Q1 2026SEC
Q1 2026Apr 24, 20262,057$718.5MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares MSCI Acwi Ex U.S. ETFvs. Q4 2025SEC
Q4 2025Jan 29, 20262,027$718.7MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFBlackRock ETF Trustvs. Q3 2025SEC
Q3 2025Nov 4, 20251,899$702.6MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFBlackRock ETF Trustvs. Q2 2025SEC
Q2 2025Jul 14, 20251,800$636.8MiShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFState Street SPDR Portfolio S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 28, 20251,436$580.8MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Feb 12, 20251,148$591.8MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares S&P 500 Growth ETFvs. Q3 2024SEC
Q3 2024Oct 16, 2024183$554.2MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares MSCI USA Quality Factor ETFvs. Q2 2024SEC
Q2 2024Jul 17, 2024182$542.7MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares S&P 500 Growth ETFvs. Q1 2024SEC
Q1 2024Apr 17, 2024176$475.6MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q4 2023SEC
Q4 2023Jan 23, 2024167$448.0MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q3 2023SEC
Q3 2023Oct 10, 2023148$388.7MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q2 2023SEC
Q2 2023Jul 5, 2023150$402.9MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q1 2023SEC
Q1 2023Apr 20, 2023152$381.1MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q4 2022SEC
Q4 2022Jan 25, 2023150$370.6MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q3 2022SEC
Q3 2022Oct 6, 2022146$325.4MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q2 2022SEC
Q2 2022Aug 2, 2022149$345.2MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q1 2022SEC
Q1 2022May 5, 2022156$376.6MiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q4 2021SEC
Q4 2021Jan 11, 2022158$381.3MiShares Core S&P 500 ETFiShares TrState Street SPDR Portfolio S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 19, 2021157$363.7MiShares Core S&P 500 ETFiShares TriShares Core MSCI Eafe ETFvs. Q2 2021SEC
Q2 2021Jul 23, 2021151$349.1MiShares Core S&P 500 ETFiShares TriShares Core MSCI Eafe ETFvs. Q1 2021SEC
Q1 2021Apr 6, 2021143$307.4MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Tr–SEC