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Livermore
Livermore
ZHEN

Tobias Financial Advisors, Inc.

SEC CIK
0001802080
Latest filing
Aug 25, 2026

The latest 13F from Tobias Financial Advisors, Inc. covers Q2 2026 (filed Aug 25, 2026): 147 long positions worth $787.3M. The top 10 holdings make up 56.9% of the portfolio, and the largest is State Street SPDR Portfolio Aggregate Bond ETF at 14.4%. Livermore has 23 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
14
Est. +$4.09M
Added
33
Est. +$18.2M
Reduced
69
Est. −$6.36M
Sold out
10
Est. −$6.33M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    14.4%$113.0M
  2. iShares Tr46434V456
    6.7%$52.6M
  3. Invesco Nasdaq 100 ETF46138G649
    5.9%$46.4M
  4. Vanguard Short-Term Bond ETF921937827
    5.6%$44.1M
  5. Ssga Active ETF Tr78467V103
    4.7%$37.2M

Share of portfolio

Top 5 holdings and the other 142 positions, by share of portfolio value

  1. State Street SPDR Portfolio Aggregate Bond ETF14.4%
  2. iShares Tr6.7%
  3. Invesco Nasdaq 100 ETF5.9%
  4. Vanguard Short-Term Bond ETF5.6%
  5. Ssga Active ETF Tr4.7%
  6. Other 142 positions62.7%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    +$6.36MAdded
  2. NVDANVIDIA Corp
    +$1.99MAddedHistory
  3. Vanguard Short-Term Bond ETF921937827
    +$1.79MAdded
  4. iShares Tr46434V456
    +$1.66MAdded
  5. Dimensional ETF Trust25434V773
    +$1.54MAdded

Largest weight increases

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

  1. iShares Core MSCI Emerging Markets ETF46434G103
    +0.36 pp3.9% → 4.3%
  2. iShares Russell 2000 Growth ETF464287648
    +0.28 pp1.9% → 2.1%
  3. NVDANVIDIA Corp
    +0.27 pp0.5% → 0.8%History
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    +0.18 pp1.1% → 1.3%
  5. Dimensional ETF Trust25434V666
    +0.15 pp3.4% → 3.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$4.20MSold out
  2. iShares Tr464288158
    −$1.26MReduced
  3. Invesco Nasdaq 100 ETF46138G649
    −$720.8KReduced
  4. JNJJohnson & Johnson
    −$532.1KReducedHistory
  5. iShares Russell 1000 Growth ETF464287614
    −$465.5KReducedConverted for a 4-for-1 split

Largest weight decreases

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

  1. Invesco QQQ Trust Series I46090E103
    −0.58 pp0.6% → 0.0%
  2. iShares Tr464288158
    −0.25 pp1.1% → 0.8%
  3. Vanguard Total Bond Market ETF921937835
    −0.15 pp1.4% → 1.2%
  4. iShares Core U.S. Aggregate Bond ETF464287226
    −0.09 pp0.8% → 0.7%
  5. JNJJohnson & Johnson
    −0.08 pp0.1% → 0.1%History

Metrics

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

Portfolio value
$787.3M
+$69.0M (+9.6%) vs. prior quarter
Positions
147
+4 vs. prior quarter
Top 10 concentration
56.9%
Top 10 as share of value
Turnover
1.7%
Q2 2026, one quarter
Average holding period
15.6 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 $1.27B (Q4 2021)

Q1 2021: $235.8MQ2 2021: $252.6MQ3 2021: $267.4MQ4 2021: $1.27BQ1 2022: $289.9MQ2 2022: $297.8MQ3 2022: $283.5MQ4 2022: $304.4MQ1 2023: $340.9MQ2 2023: $371.1MQ3 2023: $381.1MQ4 2023: $410.7MQ1 2024: $441.4MQ2 2024: $463.8MQ3 2024: $498.9MQ4 2024: $497.4MQ1 2025: $514.9MQ2 2025: $584.2MQ3 2025: $658.2MQ4 2025: $707.9MQ1 2026: $718.3MQ2 2026: $787.3M
Q1 2021Q2 2026
13F filings of Tobias Financial Advisors, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 25, 2026Amended147$787.3MState Street SPDR Portfolio Aggregate Bond ETFiShares TrInvesco Nasdaq 100 ETFvs. Q1 2026SEC
Q1 2026May 13, 2026143$718.3MState Street SPDR Portfolio Aggregate Bond ETFiShares TrVanguard Short-Term Bond ETFvs. Q4 2025SEC
Q4 2025Feb 13, 2026146$707.9MState Street SPDR Portfolio Aggregate Bond ETFiShares TrVanguard Short-Term Bond ETFvs. Q3 2025SEC
Q3 2025Nov 3, 2025132$658.2MState Street SPDR Portfolio Aggregate Bond ETFiShares TrInvesco Nasdaq 100 ETFvs. Q2 2025SEC
Q2 2025Aug 13, 2025123$584.2MState Street SPDR Portfolio Aggregate Bond ETFiShares TrVanguard Short-Term Bond ETFvs. Q1 2025SEC
Q1 2025May 15, 2025113$514.9MState Street SPDR Portfolio Aggregate Bond ETFVanguard Short-Term Bond ETFiShares Trvs. Q4 2024SEC
Q4 2024Feb 13, 2025110$497.4MState Street SPDR Portfolio Aggregate Bond ETFInvesco Nasdaq 100 ETFiShares Trvs. Q3 2024SEC
Q3 2024Oct 30, 2024108$498.9MState Street SPDR Portfolio Aggregate Bond ETFWisdomTree TriShares Trvs. Q2 2024SEC
Q2 2024Aug 13, 2024104$463.8MState Street SPDR Portfolio Aggregate Bond ETFWisdomTree TriShares Trvs. Q1 2024SEC
Q1 2024May 3, 2024102$441.4MState Street SPDR Portfolio Aggregate Bond ETFiShares TriShares Trvs. Q4 2023SEC
Q4 2023Feb 14, 202496$410.7MState Street SPDR Portfolio Aggregate Bond ETFiShares TriShares Trvs. Q3 2023SEC
Q3 2023Nov 3, 202390$381.1MVanguard Short-Term Bond ETFiShares TrPIMCO ETF Trvs. Q2 2023SEC
Q2 2023Aug 3, 202396$371.1MVanguard Short-Term Bond ETFPIMCO ETF TrVanguard Morningstar Growth ETFvs. Q1 2023SEC
Q1 2023Apr 24, 202386$340.9MVanguard Short-Term Bond ETFPIMCO ETF TrVanguard Morningstar Growth ETFvs. Q4 2022SEC
Q4 2022Feb 13, 202381$304.4MVanguard Short-Term Bond ETFPIMCO ETF TriShares Trvs. Q3 2022SEC
Q3 2022Nov 14, 202278$283.5MVanguard Total Bond Market ETFPIMCO ETF TrInvesco Nasdaq 100 ETFvs. Q2 2022SEC
Q2 2022Aug 12, 202286$297.8MVanguard Total Bond Market ETFState Street SPDR Portfolio Aggregate Bond ETFInvesco Nasdaq 100 ETFvs. Q1 2022SEC
Q1 2022May 9, 202276$289.9MState Street SPDR Portfolio Aggregate Bond ETFVanguard Morningstar Growth ETFVanguard Mortgage-Backed Securities ETFvs. Q4 2021SEC
Q4 2021Feb 9, 202267$1.27BPGDEDEOvs. Q3 2021SEC
Q3 2021Nov 15, 202169$267.4MState Street SPDR Portfolio Aggregate Bond ETFVanguard Morningstar Growth ETFVanguard Mortgage-Backed Securities ETFvs. Q2 2021SEC
Q2 2021Aug 12, 202166$252.6MState Street SPDR Portfolio Aggregate Bond ETFVanguard Mortgage-Backed Securities ETFVanguard Morningstar Growth ETFvs. Q1 2021SEC
Q1 2021May 7, 202168$235.8MState Street SPDR Portfolio Aggregate Bond ETFVanguard Mortgage-Backed Securities ETFVanguard Morningstar Growth ETF–SEC