Skip to main content
Livermore
Livermore
ZHEN

Houlihan Financial Resource Group, Ltd.

SEC CIK
0001802879
Latest filing
Aug 10, 2026

The latest 13F from Houlihan Financial Resource Group, Ltd. covers Q2 2026 (filed Aug 10, 2026): 113 long positions worth $280.6M. The top 10 holdings make up 41.7% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 10.7%. Livermore has 16 filings on Form 13F from this institution, going back to Q3 2022.

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
5
Est. +$1.48M
Added
22
Est. +$3.56M
Reduced
32
Est. −$2.29M
Sold out
1
Est. −$200.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    10.7%$30.0MHistory
  2. iShares Core S&P Small Cap ETF464287804
    5.2%$14.7M
  3. GOOGLAlphabet Inc.
    4.9%$13.7MHistory
  4. JPMorgan Ultra-Short Income ETF46641Q837
    4.2%$11.7M
  5. Vanguard Morningstar Mid-Cap ETF922908629
    3.9%$10.9M

Share of portfolio

Top 5 holdings and the other 108 positions, by share of portfolio value

  1. SPY10.7%
  2. iShares Core S&P Small Cap ETF5.2%
  3. GOOGL4.9%
  4. JPMorgan Ultra-Short Income ETF4.2%
  5. Vanguard Morningstar Mid-Cap ETF3.9%
  6. Other 108 positions71.2%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Ibonds Dec 2032 Term Corporate ETF46436E312
    +$717.7KAdded
  2. INTCIntel Corp
    +$480.5KNewHistory
  3. iShares Ibonds Dec 2031 Term Corporate ETF46436E486
    +$402.6KAdded
  4. JPMorgan Ultra-Short Income ETF46641Q837
    +$397.1KAdded
  5. MUMicron Technology Inc
    +$357.8KNewHistory

Largest weight increases

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

  1. INTCIntel Corp
    +0.17 pp0.0% → 0.2%History
  2. Vanguard Morningstar Mid-Cap ETF922908629
    +0.17 pp3.7% → 3.9%
  3. iShares Ibonds Dec 2032 Term Corporate ETF46436E312
    +0.17 pp1.0% → 1.2%
  4. BlackRock ETF Trust09290C103
    +0.15 pp1.2% → 1.3%
  5. iShares MSCI USA Quality Factor ETF46432F339
    +0.14 pp1.1% → 1.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P Small Cap ETF464287804
    −$312.0KReduced
  2. SPYSPDR S&P 500 ETF Trust
    −$274.1KReducedHistory
  3. Profesionally Managed Portfo74316P579
    −$210.9KReduced
  4. COPConocoPhillips
    −$200.7KSold outHistory
  5. AAPLApple Inc.
    −$172.7KReducedHistory

Largest weight decreases

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

  1. Vanguard Short-Term Bond ETF921937827
    −0.27 pp2.7% → 2.4%
  2. CRMSalesforce, Inc.
    −0.22 pp0.8% → 0.6%History
  3. iShares Ibonds Dec 2026 Term Corporate ETF46435GAA0
    −0.20 pp2.1% → 1.9%
  4. GLDSPDR Gold Trust
    −0.16 pp0.7% → 0.5%History
  5. Profesionally Managed Portfo74316P579
    −0.15 pp1.0% → 0.8%

Metrics

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

Portfolio value
$280.6M
+$24.0M (+9.3%) vs. prior quarter
Positions
113
+4 vs. prior quarter
Top 10 concentration
41.7%
Top 10 as share of value
Turnover
0.9%
Q2 2026, one quarter
Average holding period
11.4 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 (Q3 2022), so positions held before then are understated.

13F filings by quarter

16 quarters, going back to Q3 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.22B (Q2 2023)

Q3 2022: $164.3MQ4 2022: $173.3MQ1 2023: $183.3MQ2 2023: $3.22BQ3 2023: $186.8MQ4 2023: $206.2MQ1 2024: $222.9MQ2 2024: $146.6MQ3 2024: $241.8MQ4 2024: $234.6MQ1 2025: $222.6MQ2 2025: $241.2MQ3 2025: $113.9MQ4 2025: $263.0MQ1 2026: $256.6MQ2 2026: $280.6M
Q3 2022Q2 2026
13F filings of Houlihan Financial Resource Group, Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026113$280.6MSPYiShares Core S&P Small Cap ETFGOOGLvs. Q1 2026SEC
Q1 2026Apr 29, 2026109$256.6MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q4 2025SEC
Q4 2025Feb 10, 2026107$263.0MSPYiShares Core S&P Small Cap ETFGOOGLvs. Q3 2025SEC
Q3 2025Oct 28, 202572$113.9MSPYiShares Core S&P Small Cap ETFGOOGLvs. Q2 2025SEC
Q2 2025Aug 14, 2025107$241.2MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q1 2025SEC
Q1 2025May 12, 2025103$222.6MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q4 2024SEC
Q4 2024Feb 11, 2025103$234.6MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q3 2024SEC
Q3 2024Nov 1, 2024107$241.8MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q2 2024SEC
Q2 2024Jul 31, 202462$146.6MSPYJPMorgan Ultra-Short Income ETFGOOGLvs. Q1 2024SEC
Q1 2024May 6, 2024102$222.9MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q4 2023SEC
Q4 2023Feb 14, 2024100$206.2MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q3 2023SEC
Q3 2023Nov 9, 202394$186.8MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q2 2023SEC
Q2 2023Aug 2, 2023134$3.22BSPYJPMorgan Ultra-Short Income ETFiShares Core Dividend Growth ETFvs. Q1 2023SEC
Q1 2023May 11, 202391$183.3MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202388$173.3MSPYiShares Core S&P Small Cap ETFJPMorgan Ultra-Short Income ETFvs. Q3 2022SEC
Q3 2022Dec 13, 202278$164.3MSPYiShares Core S&P Small Cap ETFVanguard Short-Term Bond ETF–SEC