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Livermore
Livermore
ZHEN

PBMares Wealth Management LLC

SEC CIK
0001801682
Latest filing
Oct 27, 2025

The latest 13F from PBMares Wealth Management LLC covers Q3 2025 (filed Oct 27, 2025): 196 long positions worth $616.9M. The top 10 holdings make up 56.5% of the portfolio, and the largest is Dimensional ETF Trust at 10.9%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2025

Share counts compared with Q2 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
14
Est. +$3.90M
Added
84
Est. +$36.3M
Reduced
50
Est. −$2.61M
Sold out
5
Est. −$1.85M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V401
    10.9%$67.0M
  2. Dimensional ETF Trust25434V872
    7.8%$48.2M
  3. Dimensional ETF Trust25434V104
    7.4%$45.8M
  4. Dimensional U.S. Core Equity 2 ETF25434V708
    7.3%$45.3M
  5. Dimensional ETF Trust25434V203
    4.6%$28.1M

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V872
    +$9.14MAdded
  2. Dimensional ETF Trust25434V104
    +$4.16MAdded
  3. Dimensional ETF Trust25434V864
    +$3.35MAdded
  4. Dimensional ETF Trust25434V831
    +$2.90MAdded
  5. Dimensional U.S. Core Equity 2 ETF25434V708
    +$2.73MAdded

Largest weight increases

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

  1. Dimensional ETF Trust25434V872
    +0.75 pp7.1% → 7.8%
  2. Dimensional ETF Trust25434V864
    +0.41 pp1.2% → 1.6%
  3. Dimensional ETF Trust25434V104
    +0.37 pp7.0% → 7.4%
  4. Dimensional ETF Trust25434V831
    +0.24 pp3.8% → 4.1%
  5. Dimensional ETF Trust25434V815
    +0.20 pp1.4% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. OPOFOld Point Financial Corp
    −$1.18MSold outHistory
  2. HLTHilton Worldwide Holdings Inc.
    −$674.5KReducedHistory
  3. Vanguard Morningstar Large-Cap ETF922908637
    −$307.0KReduced
  4. Dimensional ETF Trust25434V724
    −$269.6KReduced
  5. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$242.5KSold out

Largest weight decreases

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

  1. HLTHilton Worldwide Holdings Inc.
    −0.26 pp1.1% → 0.8%History
  2. Dimensional ETF Trust25434V724
    −0.22 pp2.8% → 2.6%
  3. OPOFOld Point Financial Corp
    −0.22 pp0.2% → 0.0%History
  4. Dimensional U.S. Targeted Value ETF25434V609
    −0.20 pp4.5% → 4.3%
  5. PMPhilip Morris International Inc.
    −0.10 pp0.5% → 0.4%History

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$616.9M
+$70.5M (+12.9%) vs. prior quarter
Positions
196
+9 vs. prior quarter
Top 10 concentration
56.5%
Top 10 as share of value
Turnover
0.8%
Q3 2025, one quarter
Average holding period
15.2 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

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

Peak $616.9M (Q3 2025)

Q1 2021: $122.5MQ2 2021: $183.6MQ3 2021: $209.8MQ4 2021: $235.6MQ1 2022: $162.4MQ2 2022: $233.3MQ3 2022: $229.4MQ4 2022: $247.1MQ1 2023: $269.0MQ2 2023: $279.6MQ3 2023: $277.3MQ4 2023: $333.2MQ1 2024: $384.1MQ2 2024: $407.5MQ3 2024: $478.8MQ4 2024: $489.3MQ1 2025: $499.5MQ2 2025: $546.5MQ3 2025: $616.9M
Q1 2021Q3 2025
13F filings of PBMares Wealth Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Oct 27, 2025196$616.9MDimensional ETF TrustDimensional ETF TrustDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Jul 18, 2025187$546.5MDimensional ETF TrustDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q1 2025SEC
Q1 2025Apr 23, 2025191$499.5MDimensional ETF TrustDimensional ETF TrustDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Jan 24, 2025194$489.3MDimensional ETF TrustDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q3 2024SEC
Q3 2024Oct 25, 2024199$478.8MDimensional ETF TrustDimensional U.S. Core Equity 2 ETFDimensional ETF Trustvs. Q2 2024SEC
Q2 2024Jul 22, 2024183$407.5MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q1 2024SEC
Q1 2024Apr 29, 2024178$384.1MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q4 2023SEC
Q4 2023Jan 26, 2024173$333.2MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Oct 26, 2023163$277.3MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Jul 24, 2023167$279.6MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q1 2023SEC
Q1 2023Apr 27, 2023171$269.0MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q4 2022SEC
Q4 2022Jan 31, 2023165$247.1MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q3 2022SEC
Q3 2022Oct 25, 2022153$229.4MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q2 2022SEC
Q2 2022Jul 21, 2022153$233.3MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q1 2022SEC
Q1 2022Apr 26, 2022149$162.4MDimensional ETF TrustDimensional ETF TrustXOMvs. Q4 2021SEC
Q4 2021Feb 2, 2022155$235.6MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q3 2021SEC
Q3 2021Nov 2, 2021145$209.8MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q2 2021SEC
Q2 2021Jul 13, 2021146$183.6MDimensional U.S. Core Equity 2 ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q1 2021SEC
Q1 2021Apr 15, 2021142$122.5MDimensional ETF TrustVanguard Mun BD FDSXOM–SEC