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Livermore
Livermore
ZHEN

Wellspring Financial Advisors, LLC

SEC CIK
0001811308
Latest filing
Jul 20, 2026

The latest 13F from Wellspring Financial Advisors, LLC covers Q2 2026 (filed Jul 20, 2026): 288 long positions worth $1.52B. The top 10 holdings make up 61.4% of the portfolio, and the largest is iShares Core S&P 500 ETF at 22.9%. 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
37
Est. +$11.5M
Added
79
Est. +$374.4M
Reduced
127
Est. −$123.3M
Sold out
27
Est. −$12.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    22.9%$347.2M
  2. iShares Core MSCI Eafe ETF46432F842
    6.6%$100.0M
  3. AAAUGoldman Sachs Physical Gold ETF
    5.8%$88.1MHistory
  4. Vanguard High Dividend Yield Index ETF921946406
    4.7%$71.5M
  5. iShares Semiconductor ETF464287523
    4.6%$70.0M

Share of portfolio

Top 5 holdings and the other 283 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF22.9%
  2. iShares Core MSCI Eafe ETF6.6%
  3. AAAU5.8%
  4. Vanguard High Dividend Yield Index ETF4.7%
  5. iShares Semiconductor ETF4.6%
  6. Other 283 positions55.4%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$317.9MAdded
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +$12.5MAdded
  3. iShares Tr46435U713
    +$7.11MAdded
  4. AAAUGoldman Sachs Physical Gold ETF
    +$6.33MAddedHistory
  5. Vanguard Scottsdale FDS92206C102
    +$5.48MAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +3.05 pp19.8% → 22.9%
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +1.27 pp1.7% → 3.0%
  3. iShares Tr46435U713
    +0.39 pp2.4% → 2.8%
  4. iShares Core MSCI Emerging Markets ETF46434G103
    +0.16 pp2.9% → 3.1%
  5. SHCSotera Health Co
    +0.14 pp0.2% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Growth ETF922908736
    −$59.8MReducedConverted for a 6-for-1 split
  2. iShares Semiconductor ETF464287523
    −$27.3MReduced
  3. GSGoldman Sachs Group Inc
    −$10.3MReducedHistory
  4. iShares Tr46436E718
    −$9.00MReduced
  5. NVDANVIDIA Corp
    −$2.81MReducedHistory

Largest weight decreases

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

  1. iShares Tr464287515
    −1.04 pp1.2% → 0.1%
  2. iShares Tr46436E718
    −0.76 pp1.4% → 0.6%
  3. GSGoldman Sachs Group Inc
    −0.63 pp0.9% → 0.3%History
  4. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.20 pp0.2% → 0.0%
  5. MSFTMicrosoft Corp
    −0.19 pp1.1% → 0.9%History

Metrics

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

Portfolio value
$1.52B
+$184.9M (+13.9%) vs. prior quarter
Positions
288
+10 vs. prior quarter
Top 10 concentration
61.4%
Top 10 as share of value
Turnover
9.5%
Q2 2026, one quarter
Average holding period
15.7 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 $1.52B (Q2 2026)

Q1 2021: $207.3MQ2 2021: $317.8MQ3 2021: $332.0MQ4 2021: $358.7MQ1 2022: $339.2MQ2 2022: $287.2MQ3 2022: $270.7MQ4 2022: $300.4MQ1 2023: $336.7MQ2 2023: $353.2MQ3 2023: $341.9MQ4 2023: $401.7MQ1 2024: $632.7MQ2 2024: $735.1MQ3 2024: $838.3MQ4 2024: $957.1MQ1 2025: $898.9MQ2 2025: $995.9MQ3 2025: $1.09BQ4 2025: $1.26BQ1 2026: $1.33BQ2 2026: $1.52B
Q1 2021Q2 2026
13F filings of Wellspring Financial Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026288$1.52BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFAAAUvs. Q1 2026SEC
Q1 2026May 15, 2026278$1.33BiShares Core S&P 500 ETFAAAUiShares Core MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Feb 11, 2026274$1.26BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFAAAUvs. Q3 2025SEC
Q3 2025Nov 13, 2025178$1.09BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFAAAUvs. Q2 2025SEC
Q2 2025Aug 13, 2025181$995.9MiShares Core S&P 500 ETFVanguard High Dividend Yield Index ETFiShares Core MSCI Eafe ETFvs. Q1 2025SEC
Q1 2025May 15, 2025139$898.9MiShares Core S&P 500 ETFVanguard High Dividend Yield Index ETFiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Feb 13, 2025147$957.1MiShares Core S&P 500 ETFiShares TrVanguard High Dividend Yield Index ETFvs. Q3 2024SEC
Q3 2024Nov 13, 2024166$838.3MiShares Core S&P 500 ETFiShares TrVanguard Morningstar Total Stock Market ETFvs. Q2 2024SEC
Q2 2024Aug 12, 2024151$735.1MiShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFvs. Q1 2024SEC
Q1 2024May 1, 2024142$632.7MiShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024136$401.7MVanguard Morningstar Total Stock Market ETFiShares TriShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023122$341.9MVanguard Morningstar Total Stock Market ETFiShares TrVanguard Morningstar Value ETFvs. Q2 2023SEC
Q2 2023Aug 11, 2023116$353.2MVanguard Morningstar Total Stock Market ETFiShares TrVanguard Morningstar Value ETFvs. Q1 2023SEC
Q1 2023May 12, 2023125$336.7MVanguard Morningstar Total Stock Market ETFiShares TrVanguard Morningstar Value ETFvs. Q4 2022SEC
Q4 2022Feb 14, 2023130$300.4MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022101$270.7MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q2 2022SEC
Q2 2022Aug 12, 2022101$287.2MVanguard Morningstar Total Stock Market ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q1 2022SEC
Q1 2022May 10, 2022132$339.2MVanguard Morningstar Total Stock Market ETFiShares Russell 1000 Growth ETFVanguard Morningstar Value ETFvs. Q4 2021SEC
Q4 2021Jan 3, 2022108$358.7MVanguard Morningstar Total Stock Market ETFiShares Russell 1000 Growth ETFMDYvs. Q3 2021SEC
Q3 2021Nov 12, 2021104$332.0MVanguard Morningstar Total Stock Market ETFiShares Russell 1000 Growth ETFMDYvs. Q2 2021SEC
Q2 2021Aug 13, 2021100$317.8MVanguard Morningstar Total Stock Market ETFiShares Russell 1000 Growth ETFMDYvs. Q1 2021SEC
Q1 2021May 17, 202189$207.3MVanguard Morningstar Total Stock Market ETFMDYiShares Russell 1000 Growth ETF–SEC