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Livermore
Livermore
ZHEN

Baron Financial Group, LLC

SEC CIK
0001832093
Latest filing
Jul 9, 2026

The latest 13F from Baron Financial Group, LLC covers Q2 2026 (filed Jul 9, 2026): 56 long positions worth $209.6M. The top 10 holdings make up 56.8% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 11.9%. Livermore has 23 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
3
Est. +$625.0K
Added
21
Est. +$4.16M
Reduced
25
Est. −$2.04M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    11.9%$24.9MHistory
  2. iShares Russell 2000 ETF464287655
    10.3%$21.6M
  3. Invesco QQQ Trust Series I46090E103
    7.6%$16.0M
  4. Vanguard Malvern FDS922020805
    6.6%$13.7M
  5. iShares Russell Midcap ETF464287499
    4.2%$8.80M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Russell Midcap ETF464287499
    +$1.29MAdded
  2. SPYSPDR S&P 500 ETF Trust
    +$470.5KAddedHistory
  3. Vanguard Malvern FDS922020805
    +$466.9KAdded
  4. Vanguard S&P 500 ETF922908363
    +$405.3KAdded
  5. SPDR Series Trust78464A516
    +$338.9KAdded

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +0.88 pp6.7% → 7.6%
  2. iShares Russell Midcap ETF464287499
    +0.63 pp3.6% → 4.2%
  3. SPYSPDR S&P 500 ETF Trust
    +0.41 pp11.5% → 11.9%History
  4. Vanguard S&P 500 ETF922908363
    +0.20 pp0.2% → 0.4%
  5. CCitigroup Inc
    +0.17 pp0.3% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Russell 2000 ETF464287655
    −$384.3KReduced
  2. iShares Inc46434G863
    −$340.2KReduced
  3. iShares Tr46435G516
    −$201.5KReduced
  4. Vanguard Health Care ETF92204A504
    −$171.6KReduced
  5. iShares Core S&P Small Cap ETF464287804
    −$122.8KReduced

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −0.97 pp3.8% → 2.8%History
  2. iShares Tr464288158
    −0.28 pp2.4% → 2.1%
  3. Invesco Exch Traded FD Tr II46138E263
    −0.28 pp2.9% → 2.6%
  4. iShares MSCI Eafe ETF464287465
    −0.22 pp3.9% → 3.7%
  5. iShares Tr46435G516
    −0.18 pp1.7% → 1.5%

Metrics

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

Portfolio value
$209.6M
+$24.2M (+13.0%) vs. prior quarter
Positions
56
+3 vs. prior quarter
Top 10 concentration
56.8%
Top 10 as share of value
Turnover
1.0%
Q2 2026, one quarter
Average holding period
19.6 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 $209.6M (Q2 2026)

Q1 2021: $145.2MQ2 2021: $160.7MQ3 2021: $164.7MQ4 2021: $176.5MQ1 2022: $172.3MQ2 2022: $151.3MQ3 2022: $148.4MQ4 2022: $150.9MQ1 2023: $158.0MQ2 2023: $161.9MQ3 2023: $153.9MQ4 2023: $156.8MQ1 2024: $162.1MQ2 2024: $157.3MQ3 2024: $163.5MQ4 2024: $161.3MQ1 2025: $159.0MQ2 2025: $170.4MQ3 2025: $182.5MQ4 2025: $186.5MQ1 2026: $185.4MQ2 2026: $209.6M
Q1 2021Q2 2026
13F filings of Baron Financial Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 9, 202656$209.6MSPYiShares Russell 2000 ETFInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026Apr 9, 202653$185.4MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q4 2025SEC
Q4 2025Jan 9, 202657$186.5MSPYiShares Russell 2000 ETFInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Oct 8, 202550$182.5MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q2 2025SEC
Q2 2025Jul 9, 202549$170.4MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q1 2025SEC
Q1 2025Apr 14, 202547$159.0MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q4 2024SEC
Q4 2024Jan 21, 202550$161.3MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q3 2024SEC
Q3 2024Oct 18, 202447$163.5MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q2 2024SEC
Q2 2024Jul 22, 202447$157.3MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q1 2024SEC
Q1 2024Apr 30, 202450$162.1MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q4 2023SEC
Q4 2023Jan 22, 202451$156.8MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q3 2023SEC
Q3 2023Oct 19, 202349$153.9MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q2 2023SEC
Q2 2023Aug 3, 202352$161.9MSPYiShares Russell 2000 ETFVanguard Malvern FDSvs. Q1 2023SEC
Q1 2023Apr 6, 202355$158.0MSPYVanguard Malvern FDSiShares Russell 2000 ETFvs. Q4 2022SEC
Q4 2022Jan 20, 202352$150.9MVanguard Malvern FDSSPYiShares Russell 2000 ETFvs. Q3 2022SEC
Q3 2022Nov 3, 202249$148.4MVanguard Malvern FDSSPYiShares Russell 2000 ETFvs. Q2 2022SEC
Q2 2022Aug 11, 2022210$151.3MVanguard Malvern FDSSPYiShares Russell 2000 ETFvs. Q1 2022SEC
Q1 2022May 13, 2022219$172.3MVanguard Malvern FDSiShares Russell 2000 ETFSPYvs. Q4 2021SEC
Q4 2021Feb 9, 2022221$176.5MiShares Russell 2000 ETFVanguard Malvern FDSSPYvs. Q3 2021SEC
Q3 2021Nov 12, 2021224$164.7MiShares Russell 2000 ETFVanguard Malvern FDSSPYvs. Q2 2021SEC
Q2 2021Aug 6, 2021238$160.7MiShares Russell 2000 ETFSPYVanguard Malvern FDSvs. Q1 2021SEC
Q1 2021Sep 1, 2021Amended241$145.2MiShares Russell 2000 ETFSPYVanguard Malvern FDS–SEC