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Livermore
Livermore
ZHEN

Flower City Capital

SEC CIK
0001808394
Latest filing
Jul 7, 2026

The latest 13F from Flower City Capital covers Q2 2026 (filed Jul 7, 2026): 49 long positions worth $227.1M. The top 10 holdings make up 90.1% of the portfolio, and the largest is Vanguard Scottsdale FDS at 36.4%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
3
Est. +$652.0K
Added
12
Est. +$2.33M
Reduced
16
Est. −$1.20M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Scottsdale FDS92206C730
    36.4%$82.7M
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    30.5%$69.3M
  3. Vanguard S&P 500 ETF922908363
    7.2%$16.4M
  4. iShares Core S&P 500 ETF464287200
    4.0%$9.10M
  5. Vanguard Ftse All-World Ex-US Small-Cap ETF922042718
    2.8%$6.34M

Share of portfolio

Top 5 holdings and the other 44 positions, by share of portfolio value

  1. Vanguard Scottsdale FDS36.4%
  2. Vanguard Ftse All-World Ex-US Index Fund30.5%
  3. Vanguard S&P 500 ETF7.2%
  4. iShares Core S&P 500 ETF4.0%
  5. Vanguard Ftse All-World Ex-US Small-Cap ETF2.8%
  6. Other 44 positions19.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Scottsdale FDS92206C730
    +$1.12MAdded
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    +$723.7KAdded
  3. REGNRegeneron Pharmaceuticals, Inc.
    +$311.8KNewHistory
  4. AONAon plc
    +$203.3KNewHistory
  5. Vanguard Morningstar Large-Cap ETF922908637
    +$176.4KAdded

Largest weight increases

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

  1. Vanguard Scottsdale FDS92206C730
    +0.76 pp35.6% → 36.4%
  2. REGNRegeneron Pharmaceuticals, Inc.
    +0.14 pp0.0% → 0.1%History
  3. Vanguard Morningstar Large-Cap ETF922908637
    +0.09 pp1.4% → 1.5%
  4. AONAon plc
    +0.09 pp0.0% → 0.1%History
  5. EVCEntravision Communications Corp
    +0.06 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$292.6KReducedHistory
  2. Vanguard S&P 500 ETF922908363
    −$212.2KReduced
  3. GOOGLAlphabet Inc.
    −$178.7KReducedHistory
  4. HDHome Depot, Inc.
    −$88.2KReducedHistory
  5. Vanguard Ftse All-World Ex-US Small-Cap ETF922042718
    −$85.9KReduced

Largest weight decreases

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

  1. Vanguard Ftse All-World Ex-US Small-Cap ETF922042718
    −0.25 pp3.0% → 2.8%
  2. iShares MSCI Eafe ETF464287465
    −0.21 pp2.8% → 2.6%
  3. CVXChevron Corp
    −0.13 pp0.4% → 0.3%History
  4. AAPLApple Inc.
    −0.13 pp1.9% → 1.8%History
  5. MSFTMicrosoft Corp
    −0.08 pp0.6% → 0.5%History

Metrics

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

Portfolio value
$227.1M
+$27.8M (+13.9%) vs. prior quarter
Positions
49
+3 vs. prior quarter
Top 10 concentration
90.1%
Top 10 as share of value
Turnover
0.6%
Q2 2026, one quarter
Average holding period
15.9 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $227.1M (Q2 2026)

Q4 2021: $103.0MQ1 2022: $119.6MQ2 2022: $102.9MQ3 2022: $68.0MQ4 2022: $85.9MQ1 2023: $80.4MQ2 2023: $86.2MQ3 2023: $97.9MQ4 2023: $134.4MQ1 2024: $150.5MQ2 2024: $154.9MQ3 2024: $170.3MQ4 2024: $163.5MQ1 2025: $152.5MQ2 2025: $169.6MQ3 2025: $186.0MQ4 2025: $196.1MQ1 2026: $199.3MQ2 2026: $227.1M
Q4 2021Q2 2026
13F filings of Flower City Capital by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 7, 202649$227.1MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 14, 202646$199.3MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 22, 202644$196.1MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 8, 202543$186.0MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q2 2025SEC
Q2 2025Jul 16, 202539$169.6MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 22, 202538$152.5MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 16, 202534$163.5MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard Total Bond Market ETFvs. Q3 2024SEC
Q3 2024Oct 15, 202433$170.3MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard Total Bond Market ETFvs. Q2 2024SEC
Q2 2024Jul 15, 202432$154.9MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard Total Bond Market ETFvs. Q1 2024SEC
Q1 2024Apr 12, 202432$150.5MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard Total Bond Market ETFvs. Q4 2023SEC
Q4 2023Jan 19, 202435$134.4MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard Total Bond Market ETFvs. Q3 2023SEC
Q3 2023Oct 10, 202329$97.9MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Jul 24, 202328$86.2MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023Apr 18, 202326$80.4MVanguard Ftse All-World Ex-US Index FundVanguard Scottsdale FDSVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Jan 11, 202326$85.9MVanguard Ftse All-World Ex-US Index FundVanguard Scottsdale FDSVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Oct 7, 202227$68.0MVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index FundVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Jul 12, 202229$102.9MVanguard Scottsdale FDSVanguard S&P 500 ETFSchwab International Equity ETFvs. Q1 2022SEC
Q1 2022Apr 14, 202231$119.6MVanguard Scottsdale FDSVanguard S&P 500 ETFSchwab International Equity ETFvs. Q4 2021SEC
Q4 2021Feb 3, 202250$103.0MVanguard S&P 500 ETFSchwab International Equity ETFiShares Core S&P 500 ETF–SEC