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Livermore
Livermore
ZHEN

Falcon Wealth Planning

SEC CIK
0001839850
Latest filing
Jul 13, 2026

The latest 13F from Falcon Wealth Planning covers Q2 2026 (filed Jul 13, 2026): 244 long positions worth $1.58B. The top 10 holdings make up 58.2% of the portfolio, and the largest is American Centy ETF Tr at 12.0%. 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
26
Est. +$7.07M
Added
83
Est. +$60.1M
Reduced
111
Est. −$12.5M
Sold out
18
Est. −$5.62M

Top 5 holdings

Share of this quarter's portfolio value

  1. American Centy ETF Tr025072349
    12.0%$189.5M
  2. KRMNKarman Holdings Inc.
    8.1%$128.3MHistory
  3. Vanguard World FD921910816
    6.7%$105.4M
  4. AAPLApple Inc.
    5.1%$81.2MHistory
  5. Invesco QQQ Trust Series I46090E103
    4.9%$76.7M

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072349
    +$9.77MAdded
  2. Fidelity Merrimack STR Tr316188309
    +$5.88MAdded
  3. PIMCO ETF Tr72201R585
    +$4.27MAdded
  4. iShares Flexible Income Active ETF092528603
    +$4.10MAdded
  5. Vanguard Scottsdale FDS92206C102
    +$3.69MAdded

Largest weight increases

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

  1. American Centy ETF Tr025072349
    +1.17 pp10.8% → 12.0%
  2. Vanguard World FD921910816
    +0.81 pp5.9% → 6.7%
  3. American Centy ETF Tr025072604
    +0.57 pp3.3% → 3.9%
  4. iShares S&P Small-Cap 600 Growth ETF464287887
    +0.31 pp1.8% → 2.1%
  5. WisdomTree Tr97717X594
    +0.23 pp3.1% → 3.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$2.60MReducedHistory
  2. iShares Tr46436E718
    −$1.20MSold out
  3. BRK.BBerkshire Hathaway Inc
    −$660.0KReducedHistory
  4. Dimensional Emerging Core Equity Market ETF25434V302
    −$585.2KReduced
  5. AAPLApple Inc.
    −$493.9KReducedHistory

Largest weight decreases

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

  1. KRMNKarman Holdings Inc.
    −5.90 pp14.0% → 8.1%History
  2. iShares Tr46436E718
    −0.08 pp0.1% → 0.0%
  3. BRK.BBerkshire Hathaway Inc
    −0.05 pp0.1% → 0.1%History
  4. ISRGIntuitive Surgical Inc
    −0.04 pp0.2% → 0.1%History
  5. WMTWalmart Inc.
    −0.03 pp0.1% → 0.1%History

Metrics

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

Portfolio value
$1.58B
+$112.9M (+7.7%) vs. prior quarter
Positions
244
+8 vs. prior quarter
Top 10 concentration
58.2%
Top 10 as share of value
Turnover
1.2%
Q2 2026, one quarter
Average holding period
13.7 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 $1.58B (Q2 2026)

Q1 2021: $204.7MQ2 2021: $234.1MQ3 2021: $263.1MQ4 2021: $305.6MQ1 2022: $319.6MQ2 2022: $294.2MQ3 2022: $301.9MQ4 2022: $348.8MQ1 2023: $400.7MQ2 2023: $449.0MQ3 2023: $461.1MQ4 2023: $571.8MQ1 2024: $631.0MQ2 2024: $769.9MQ3 2024: $851.5MQ4 2024: $897.1MQ1 2025: $899.8MQ2 2025: $989.5MQ3 2025: $1.11BQ4 2025: $1.19BQ1 2026: $1.47BQ2 2026: $1.58B
Q1 2021Q2 2026
13F filings of Falcon Wealth Planning by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 13, 2026244$1.58BAmerican Centy ETF TrKRMNVanguard World FDvs. Q1 2026SEC
Q1 2026Apr 21, 2026236$1.47BKRMNAmerican Centy ETF TrVanguard World FDvs. Q4 2025SEC
Q4 2025Feb 3, 2026216$1.19BAmerican Centy ETF TrVanguard World FDAAPLvs. Q3 2025SEC
Q3 2025Oct 10, 2025191$1.11BAmerican Centy ETF TrVanguard World FDAAPLvs. Q2 2025SEC
Q2 2025Jul 16, 2025176$989.5MAmerican Centy ETF TrVanguard World FDAAPLvs. Q1 2025SEC
Q1 2025Apr 24, 2025163$899.8MAmerican Centy ETF TrVanguard World FDAAPLvs. Q4 2024SEC
Q4 2024Jan 22, 2025161$897.1MAmerican Centy ETF TrVanguard World FDAAPLvs. Q3 2024SEC
Q3 2024Oct 30, 2024151$851.5MAmerican Centy ETF TrAAPLVanguard World FDvs. Q2 2024SEC
Q2 2024Jul 16, 2024135$769.9MDimensional ETF TrustAAPLAmerican Centy ETF Trvs. Q1 2024SEC
Q1 2024Apr 15, 2024133$631.0MAAPLDimensional ETF TrustAmerican Centy ETF Trvs. Q4 2023SEC
Q4 2023Jan 10, 2024132$571.8MAAPLVanguard Morningstar Value ETFDimensional Emerging Core Equity Market ETFvs. Q3 2023SEC
Q3 2023Oct 5, 2023110$461.1MVanguard Morningstar Value ETFAAPLVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Jul 13, 2023106$449.0MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2023SEC
Q1 2023May 15, 202398$400.7MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2022SEC
Q4 2022Jan 20, 202396$348.8MVanguard Morningstar Value ETFAAPLVanguard Morningstar Growth ETFvs. Q3 2022SEC
Q3 2022Nov 10, 202288$301.9MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2022SEC
Q2 2022Jul 20, 202280$294.2MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2022SEC
Q1 2022May 5, 202276$319.6MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2021SEC
Q4 2021Jan 24, 202278$305.6MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q3 2021SEC
Q3 2021Oct 19, 202172$263.1MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2021SEC
Q2 2021Aug 10, 202160$234.1MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2021SEC
Q1 2021Apr 20, 202156$204.7MAAPLVanguard Morningstar Value ETFVanguard Morningstar Growth ETF–SEC