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Livermore
Livermore
ZHEN

Briaud Financial Planning, Inc

SEC CIK
0001800586
Latest filing
Jul 30, 2026

The latest 13F from Briaud Financial Planning, Inc covers Q2 2026 (filed Jul 30, 2026): 42 long positions worth $380.2M. The top 10 holdings make up 95.4% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 54.1%. 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
7
Est. +$1.76M
Added
13
Est. +$10.2M
Reduced
6
Est. −$18.7M
Sold out
3
Est. −$488.6K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    54.1%$205.9M
  2. GLDSPDR Gold Trust
    19.4%$73.6MHistory
  3. Invesco Actvely MNGD Etc FD46090F100
    7.0%$26.6M
  4. Invesco Actvely MNGD Etc FD46090F308
    5.8%$22.1M
  5. SLViShares Silver Trust
    4.7%$17.9MHistory

Share of portfolio

Top 5 holdings and the other 37 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF54.1%
  2. GLD19.4%
  3. Invesco Actvely MNGD Etc FD7.0%
  4. Invesco Actvely MNGD Etc FD5.8%
  5. SLV4.7%
  6. Other 37 positions9.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +$6.38MAdded
  2. Invesco QQQ Trust Series I46090E103
    +$976.6KAdded
  3. Invesco Actvely MNGD Etc FD46090F308
    +$963.5KAdded
  4. GLDSPDR Gold Trust
    +$577.3KAddedHistory
  5. INTCIntel Corp
    +$535.6KNewHistory

Largest weight increases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +8.80 pp45.3% → 54.1%
  2. Invesco QQQ Trust Series I46090E103
    +0.31 pp0.2% → 0.5%
  3. AAPLApple Inc.
    +0.23 pp0.6% → 0.9%History
  4. INTCIntel Corp
    +0.14 pp0.0% → 0.1%History
  5. Invesco Actvely MNGD Etc FD46090F308
    +0.14 pp5.7% → 5.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco Actvely MNGD Etc FD46090F100
    −$18.0MReduced
  2. SPYSPDR S&P 500 ETF Trust
    −$455.5KReducedHistory
  3. CVXChevron Corp
    −$245.8KSold outHistory
  4. LMTLockheed Martin Corp
    −$221.8KSold outHistory
  5. ADIAnalog Devices Inc
    −$124.3KReducedHistory

Largest weight decreases

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

  1. Invesco Actvely MNGD Etc FD46090F100
    −5.77 pp12.7% → 7.0%
  2. SPYSPDR S&P 500 ETF Trust
    −0.08 pp0.3% → 0.2%History
  3. CVXChevron Corp
    −0.06 pp0.1% → 0.0%History
  4. LMTLockheed Martin Corp
    −0.06 pp0.1% → 0.0%History
  5. LOANManhattan Bridge Capital, Inc
    −0.01 pp<0.1% → 0.0%History

Metrics

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

Portfolio value
$380.2M
−$1.16M (−0.3%) vs. prior quarter
Positions
42
+4 vs. prior quarter
Top 10 concentration
95.4%
Top 10 as share of value
Turnover
3.1%
Q2 2026, one quarter
Average holding period
18.8 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 $405.9M (Q4 2025)

Q1 2021: $135.9MQ2 2021: $150.2MQ3 2021: $152.2MQ4 2021: $184.0MQ1 2022: $174.1MQ2 2022: $152.5MQ3 2022: $112.5MQ4 2022: $123.5MQ1 2023: $105.6MQ2 2023: $105.9MQ3 2023: $123.5MQ4 2023: $117.3MQ1 2024: $175.9MQ2 2024: $173.2MQ3 2024: $193.6MQ4 2024: $245.3MQ1 2025: $251.7MQ2 2025: $253.6MQ3 2025: $306.0MQ4 2025: $405.9MQ1 2026: $381.4MQ2 2026: $380.2M
Q1 2021Q2 2026
13F filings of Briaud Financial Planning, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 202642$380.2MVanguard Morningstar Total Stock Market ETFGLDInvesco Actvely MNGD Etc FDvs. Q1 2026SEC
Q1 2026Apr 10, 202638$381.4MVanguard Morningstar Total Stock Market ETFGLDInvesco Actvely MNGD Etc FDvs. Q4 2025SEC
Q4 2025Jan 28, 202637$405.9MVanguard Morningstar Total Stock Market ETFGLDSLVvs. Q3 2025SEC
Q3 2025Nov 25, 202536$306.0MVanguard Morningstar Total Stock Market ETFGLDInvesco Actvely MNGD Etc FDvs. Q2 2025SEC
Q2 2025Jul 31, 2025365$253.6MVanguard Morningstar Total Stock Market ETFGLDInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 9, 2025208$251.7MVanguard Morningstar Total Stock Market ETFGLDInvesco Actvely MNGD Etc FDvs. Q4 2024SEC
Q4 2024Feb 7, 2025202$245.3MVanguard Morningstar Total Stock Market ETFGLDInvesco Actvely MNGD Etc FDvs. Q3 2024SEC
Q3 2024Nov 8, 2024140$193.6MGLDVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jul 26, 2024143$173.2MGLDVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 3, 2024127$175.9MGLDVanguard Morningstar Total Stock Market ETFiShares Incvs. Q4 2023SEC
Q4 2023Feb 2, 20249$117.3MGLDiShares IncVanguard Morningstar Total Stock Market ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023178$123.5MGLDiShares IncState Street Utilities Select Sector SPDR ETFvs. Q2 2023SEC
Q2 2023Aug 7, 202321$105.9MGLDState Street Utilities Select Sector SPDR ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2023SEC
Q1 2023May 5, 202320$105.6MGLDState Street Utilities Select Sector SPDR ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Feb 13, 202324$123.5MGLDState Street Utilities Select Sector SPDR ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2022SEC
Q3 2022Nov 4, 202228$112.5MGLDState Street Utilities Select Sector SPDR ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2022SEC
Q2 2022Aug 11, 202227$152.5MGLDiShares TrState Street Utilities Select Sector SPDR ETFvs. Q1 2022SEC
Q1 2022May 3, 202227$174.1MGLDiShares TrVanEck ETF Trustvs. Q4 2021SEC
Q4 2021Feb 8, 202227$184.0MGLDiShares TrVanguard Short-Term Bond ETFvs. Q3 2021SEC
Q3 2021Oct 20, 202118$152.2MGLDVanguard Short-Term Bond ETFiShares Trvs. Q2 2021SEC
Q2 2021Jul 28, 202120$150.2MGLDState Street Energy Select Sector SPDR ETFiShares Trvs. Q1 2021SEC
Q1 2021May 5, 202122$135.9MGLDState Street Energy Select Sector SPDR ETFVanguard Short-Term Bond ETF–SEC