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Livermore
Livermore
ZHEN

Financial Network Wealth Management LLC

SEC CIK
0001840760
Latest filing
Aug 13, 2026

The latest 13F from Financial Network Wealth Management LLC covers Q2 2026 (filed Aug 13, 2026): 119 long positions worth $352.9M. The top 10 holdings make up 63.8% of the portfolio, and the largest is iShares Tr at 12.6%. Livermore has 21 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
8
Est. +$2.46M
Added
25
Est. +$6.38M
Reduced
39
Est. −$2.52M
Sold out
5
Est. −$1.68M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr46435G516
    12.6%$44.6M
  2. SPDR Series Trust78468R531
    10.9%$38.6M
  3. NVDANVIDIA Corp
    7.7%$27.3MHistory
  4. Vanguard World FD921910733
    7.2%$25.5M
  5. iShares Esg Aware US Aggregate Bond ETF46435U549
    6.6%$23.2M

Share of portfolio

Top 5 holdings and the other 114 positions, by share of portfolio value

  1. iShares Tr12.6%
  2. SPDR Series Trust10.9%
  3. NVDA7.7%
  4. Vanguard World FD7.2%
  5. iShares Esg Aware US Aggregate Bond ETF6.6%
  6. Other 114 positions54.9%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Esg Aware US Aggregate Bond ETF46435U549
    +$1.39MAdded
  2. iShares Tr46435G516
    +$1.11MAdded
  3. Vanguard World FD921910733
    +$1.01MAdded
  4. Vanguard Malvern FDS922020748
    +$754.4KAdded
  5. SPDR Series Trust78468R531
    +$754.0KAdded

Largest weight increases

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

  1. Vanguard World FD921910733
    +0.65 pp6.6% → 7.2%
  2. SPDR Series Trust78468R531
    +0.58 pp10.4% → 10.9%
  3. Invesco QQQ Trust Series I46090E103
    +0.27 pp1.6% → 1.9%
  4. XOMExxonMobil Holdings Corp
    +0.15 pp0.0% → 0.1%History
  5. BABoeing Co
    +0.14 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$644.0KSold outHistory
  2. iShares Tr46436E403
    −$617.9KReduced
  3. Schwab U.S. Large-Cap Growth ETF808524300
    −$334.0KSold out
  4. TAT&T Inc.
    −$288.0KSold outHistory
  5. NVDANVIDIA Corp
    −$274.7KReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.36 pp3.6% → 3.2%History
  2. XOMExxonMobil Holdings Corp
    −0.20 pp0.2% → 0.0%History
  3. NFLXNetflix Inc
    −0.20 pp0.6% → 0.4%History
  4. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −0.18 pp3.0% → 2.8%
  5. COSTCostco Wholesale Corp
    −0.15 pp0.9% → 0.8%History

Metrics

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

Portfolio value
$352.9M
+$36.9M (+11.7%) vs. prior quarter
Positions
119
+3 vs. prior quarter
Top 10 concentration
63.8%
Top 10 as share of value
Turnover
1.3%
Q2 2026, one quarter
Average holding period
4.0 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

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

Peak $352.9M (Q2 2026)

Q1 2021: $153.2MQ2 2021: $170.1MQ3 2021: $174.9MQ4 2021: $197.4MQ1 2022: $191.7MQ2 2022: $167.0MQ3 2022: $160.3MQ4 2022: $184.9MQ1 2023: $202.0MQ2 2023: $216.4MQ3 2023: $204.9MQ4 2023: $231.0MQ1 2024: $211.3MQ2 2024: $262.5MQ3 2024: $279.0MQ4 2024: $279.9MQ1 2025: $283.3MQ3 2025: $323.9MQ4 2025: $325.2MQ1 2026: $316.0MQ2 2026: $352.9M
Q1 2021Q2 2026
13F filings of Financial Network Wealth Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026119$352.9MiShares TrSPDR Series TrustNVDAvs. Q1 2026SEC
Q1 2026May 12, 2026116$316.0MiShares TrSPDR Series TrustNVDAvs. Q4 2025SEC
Q4 2025Feb 12, 2026116$325.2MiShares TrSPDR Series TrustNVDAvs. Q3 2025SEC
Q3 2025Nov 14, 2025115$323.9MiShares TrSPDR Series TrustNVDA–SEC
Q1 2025Apr 29, 2025322$283.3MiShares TrVanguard World FDiShares Esg Aware US Aggregate Bond ETFvs. Q4 2024SEC
Q4 2024Feb 11, 2025115$279.9MiShares TrVanguard World FDNVDAvs. Q3 2024SEC
Q3 2024Nov 4, 2024113$279.0MiShares TrVanguard World FDNVDAvs. Q2 2024SEC
Q2 2024Aug 9, 2024106$262.5MiShares TrVanguard World FDNVDAvs. Q1 2024SEC
Q1 2024May 9, 202443$211.3MiShares TrVanguard World FDNVDAvs. Q4 2023SEC
Q4 2023Jan 10, 2024108$231.0MVanguard World FDAAPLiShares Esg Aware US Aggregate Bond ETFvs. Q3 2023SEC
Q3 2023Nov 2, 2023101$204.9MVanguard World FDAAPLMSFTvs. Q2 2023SEC
Q2 2023Jul 31, 2023101$216.4MVanguard World FDAAPLMSFTvs. Q1 2023SEC
Q1 2023May 4, 202397$202.0MVanguard World FDAAPLiShares Trvs. Q4 2022SEC
Q4 2022Feb 10, 2023103$184.9MVanguard World FDiShares TrAAPLvs. Q3 2022SEC
Q3 2022Nov 8, 202290$160.3MVanguard World FDAAPLiShares Esg Aware US Aggregate Bond ETFvs. Q2 2022SEC
Q2 2022Aug 9, 202292$167.0MiShares Esg Aware US Aggregate Bond ETFVanguard World FDAAPLvs. Q1 2022SEC
Q1 2022May 9, 2022112$191.7MAAPLiShares Esg Aware US Aggregate Bond ETFFlexshares Trvs. Q4 2021SEC
Q4 2021Jan 27, 2022115$197.4MFlexshares TrAAPLiShares Esg Aware US Aggregate Bond ETFvs. Q3 2021SEC
Q3 2021Nov 12, 2021108$174.9MFlexshares TriShares Esg Aware US Aggregate Bond ETFAAPLvs. Q2 2021SEC
Q2 2021Aug 11, 2021106$170.1MFlexshares TriShares Esg Aware US Aggregate Bond ETFAAPLvs. Q1 2021SEC
Q1 2021May 13, 2021106$153.2MFlexshares TriShares Esg Aware US Aggregate Bond ETFAAPL–SEC