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Livermore
Livermore
ZHEN

PAX Financial Group, LLC

SEC CIK
0001803673
Latest filing
Aug 5, 2026

The latest 13F from PAX Financial Group, LLC covers Q2 2026 (filed Aug 5, 2026): 207 long positions worth $673.0M. The top 10 holdings make up 42.8% of the portfolio, and the largest is iShares Core S&P 500 ETF at 12.4%. 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
28
Est. +$31.2M
Added
73
Est. +$68.9M
Reduced
104
Est. −$72.5M
Sold out
20
Est. −$8.59M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    12.4%$83.6M
  2. iShares Tr46434V613
    5.0%$33.9M
  3. iShares S&P 500 Growth ETF464287309
    4.8%$32.1M
  4. BlackRock ETF Trust09290C103
    4.5%$30.5M
  5. iShares S&P 500 Value ETF464287408
    4.0%$26.8M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$37.3MAdded
  2. BlackRock ETF Trust09290C764
    +$10.6MNew
  3. iShares Tr46434V613
    +$8.37MAdded
  4. BlackRock ETF Trust09290C665
    +$5.88MNew
  5. BlackRock ETF Trust II092528835
    +$4.78MNew

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +5.54 pp6.9% → 12.4%
  2. BlackRock ETF Trust09290C764
    +1.57 pp0.0% → 1.6%
  3. BlackRock ETF Trust09290C665
    +0.87 pp0.0% → 0.9%
  4. BlackRock ETF Trust II092528835
    +0.71 pp0.0% → 0.7%
  5. iShares Tr46434V613
    +0.68 pp4.4% → 5.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Quality Factor ETF46432F339
    −$13.5MReduced
  2. iShares Tr464288877
    −$13.0MReduced
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$9.71MReduced
  4. iShares S&P 500 Value ETF464287408
    −$6.05MReduced
  5. iShares Tr46435G672
    −$5.09MReduced

Largest weight decreases

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

  1. iShares Tr464288877
    −2.30 pp3.6% → 1.3%
  2. iShares MSCI USA Quality Factor ETF46432F339
    −2.01 pp2.1% → 0.1%
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −1.31 pp3.9% → 2.6%
  4. iShares S&P 500 Value ETF464287408
    −1.23 pp5.2% → 4.0%
  5. iShares Tr46435G672
    −0.90 pp1.2% → 0.3%

Metrics

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

Portfolio value
$673.0M
+$86.7M (+14.8%) vs. prior quarter
Positions
207
+8 vs. prior quarter
Top 10 concentration
42.8%
Top 10 as share of value
Turnover
12.9%
Q2 2026, one quarter
Average holding period
14.5 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 $673.0M (Q2 2026)

Q1 2021: $355.2MQ2 2021: $395.5MQ3 2021: $408.8MQ4 2021: $446.2MQ1 2022: $431.4MQ2 2022: $395.2MQ3 2022: $391.0MQ4 2022: $393.8MQ1 2023: $417.3MQ2 2023: $442.4MQ3 2023: $438.6MQ4 2023: $484.5MQ1 2024: $498.2MQ2 2024: $512.0MQ3 2024: $557.6MQ4 2024: $558.8MQ1 2025: $564.2MQ2 2025: $523.3MQ3 2025: $555.0MQ4 2025: $579.9MQ1 2026: $586.2MQ2 2026: $673.0M
Q1 2021Q2 2026
13F filings of PAX Financial Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026207$673.0MiShares Core S&P 500 ETFiShares TriShares S&P 500 Growth ETFvs. Q1 2026SEC
Q1 2026Apr 27, 2026199$586.2MiShares Core S&P 500 ETFiShares S&P 500 Value ETFiShares Trvs. Q4 2025SEC
Q4 2025Feb 5, 2026207$579.9MiShares Core S&P 500 ETFiShares S&P 500 Value ETFBlackRock ETF Trustvs. Q3 2025SEC
Q3 2025Nov 4, 2025216$555.0MiShares Core S&P 500 ETFBlackRock ETF TrustiShares Trvs. Q2 2025SEC
Q2 2025Aug 11, 2025234$523.3MiShares TriShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFvs. Q1 2025SEC
Q1 2025May 2, 2025246$564.2MiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Feb 12, 2025227$558.8MiShares Core S&P 500 ETFiShares TriShares S&P 500 Growth ETFvs. Q3 2024SEC
Q3 2024Nov 13, 2024225$557.6MiShares Core S&P 500 ETFiShares TrNorthern LTS FD Tr IVvs. Q2 2024SEC
Q2 2024Aug 14, 2024230$512.0MiShares Core S&P 500 ETFiShares TrNorthern LTS FD Tr IVvs. Q1 2024SEC
Q1 2024May 13, 2024221$498.2MiShares Core S&P 500 ETFiShares TrNorthern LTS FD Tr IVvs. Q4 2023SEC
Q4 2023Feb 12, 2024212$484.5MiShares Core S&P 500 ETFiShares TrNorthern LTS FD Tr IVvs. Q3 2023SEC
Q3 2023Nov 13, 2023215$438.6MiShares Core S&P 500 ETFiShares TrNorthern LTS FD Tr IVvs. Q2 2023SEC
Q2 2023Jul 18, 2023203$442.4MiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q1 2023SEC
Q1 2023May 11, 2023187$417.3MiShares Core S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q4 2022SEC
Q4 2022Feb 10, 2023202$393.8MiShares Core S&P 500 ETFiShares TriShares Trvs. Q3 2022SEC
Q3 2022Nov 14, 2022168$391.0MiShares Core S&P 500 ETFiShares TriShares Trvs. Q2 2022SEC
Q2 2022Aug 9, 2022168$395.2MiShares Core S&P 500 ETFiShares TriShares Trvs. Q1 2022SEC
Q1 2022May 10, 2022198$431.4MiShares Core S&P 500 ETFiShares TriShares Trvs. Q4 2021SEC
Q4 2021Feb 7, 2022200$446.2MiShares Core S&P 500 ETFiShares TriShares Trvs. Q3 2021SEC
Q3 2021Oct 29, 2021183$408.8MiShares Core S&P 500 ETFiShares TriShares Trvs. Q2 2021SEC
Q2 2021Aug 13, 2021164$395.5MiShares Core S&P 500 ETFiShares TriShares Trvs. Q1 2021SEC
Q1 2021May 10, 2021162$355.2MiShares Core S&P 500 ETFiShares TriShares U.S. Treasury Bond ETF–SEC