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Livermore
Livermore
ZHEN

Adaptive Financial Consulting, LLC

SEC CIK
0001804717
Latest filing
Aug 7, 2026

The latest 13F from Adaptive Financial Consulting, LLC covers Q2 2026 (filed Aug 7, 2026): 20 long positions worth $285.5M. The top 10 holdings make up 87.3% of the portfolio, and the largest is iShares Core U.S. Aggregate Bond ETF at 20.2%. 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
2
Est. +$524.8K
Added
13
Est. +$3.57M
Reduced
3
Est. −$357.0K
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core U.S. Aggregate Bond ETF464287226
    20.2%$57.7M
  2. iShares Core S&P 500 ETF464287200
    12.0%$34.2M
  3. Vanguard Scottsdale FDS92206C409
    11.0%$31.5M
  4. iShares S&P 500 Growth ETF464287309
    8.8%$25.1M
  5. iShares MSCI USA Min Vol Factor ETF46429B697
    8.1%$23.3M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +$830.1KAdded
  2. iShares MSCI USA Min Vol Factor ETF46429B697
    +$538.5KAdded
  3. iShares Core S&P 500 ETF464287200
    +$495.0KAdded
  4. Vanguard Consumer Discretionary ETF92204A108
    +$336.3KAdded
  5. Vanguard Real Estate ETF922908553
    +$296.2KAdded

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +1.10 pp6.3% → 7.4%
  2. iShares S&P 500 Growth ETF464287309
    +0.96 pp7.8% → 8.8%
  3. iShares Core S&P 500 ETF464287200
    +0.72 pp11.3% → 12.0%
  4. iShares Core MSCI Emerging Markets ETF46434G103
    +0.38 pp3.8% → 4.2%
  5. Vanguard Consumer Discretionary ETF92204A108
    +0.17 pp5.2% → 5.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Short-Term Bond ETF921937827
    −$154.7KReduced
  2. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$149.7KReduced
  3. Vanguard Scottsdale FDS92206C409
    −$52.5KReduced

Largest weight decreases

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

  1. Vanguard Scottsdale FDS92206C409
    −1.09 pp12.1% → 11.0%
  2. Vanguard Short-Term Bond ETF921937827
    −0.46 pp4.4% → 4.0%
  3. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −0.31 pp3.0% → 2.7%

Metrics

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

Portfolio value
$285.5M
+$24.4M (+9.3%) vs. prior quarter
Positions
20
+2 vs. prior quarter
Top 10 concentration
87.3%
Top 10 as share of value
Turnover
0.1%
Q2 2026, one quarter
Average holding period
21.2 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

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

Peak $285.5M (Q2 2026)

Q1 2021: $148.8MQ2 2021: $160.2MQ3 2021: $162.2MQ4 2021: $175.1MQ1 2022: $170.2MQ2 2022: $161.4MQ3 2022: $159.8MQ4 2022: $174.5MQ1 2023: $185.1MQ2 2023: $178.2MQ3 2023: $176.5MQ4 2023: $187.9MQ1 2024: $224.1MQ2 2024: $230.6MQ3 2024: $245.5MQ4 2024: $241.1MQ1 2025: $233.5MQ2 2025: $239.5MQ3 2025: $250.1MQ4 2025: $257.1MQ1 2026: $261.1MQ2 2026: $285.5M
Q1 2021Q2 2026
13F filings of Adaptive Financial Consulting, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 202620$285.5MiShares Core U.S. Aggregate Bond ETFiShares Core S&P 500 ETFVanguard Scottsdale FDSvs. Q1 2026SEC
Q1 2026May 5, 202618$261.1MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025Feb 11, 202618$257.1MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 30, 202519$250.1MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 11, 202521$239.5MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q1 2025SEC
Q1 2025May 5, 202520$233.5MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q4 2024SEC
Q4 2024Feb 4, 202521$241.1MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q3 2024SEC
Q3 2024Nov 7, 202419$245.5MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 25, 202419$230.6MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q1 2024SEC
Q1 2024May 7, 202419$224.1MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Feb 8, 202418$187.9MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 15, 202318$176.5MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 14, 202318$178.2MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 12, 202316$185.1MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Min Vol Factor ETFvs. Q4 2022SEC
Q4 2022Feb 9, 202316$174.5MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Min Vol Factor ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202216$159.8MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Min Vol Factor ETFvs. Q2 2022SEC
Q2 2022Aug 12, 202216$161.4MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Min Vol Factor ETFvs. Q1 2022SEC
Q1 2022May 12, 202219$170.2MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Min Vol Factor ETFvs. Q4 2021SEC
Q4 2021Feb 10, 202218$175.1MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Min Vol Factor ETFvs. Q3 2021SEC
Q3 2021Nov 2, 202117$162.2MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Momentum Factor ETFvs. Q2 2021SEC
Q2 2021Jul 21, 202118$160.2MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Momentum Factor ETFvs. Q1 2021SEC
Q1 2021Apr 27, 202117$148.8MiShares Core U.S. Aggregate Bond ETFVanguard Scottsdale FDSiShares MSCI USA Momentum Factor ETF–SEC