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Livermore
Livermore
ZHEN

Marshall Financial Group LLC

SEC CIK
0001841496
Latest filing
Jul 17, 2026

The latest 13F from Marshall Financial Group LLC covers Q2 2026 (filed Jul 17, 2026): 311 long positions worth $685.7M. The top 10 holdings make up 34.7% of the portfolio, and the largest is SPDR Series Trust at 5.1%. 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
51
Est. +$66.4M
Added
109
Est. +$25.4M
Reduced
115
Est. −$47.3M
Sold out
33
Est. −$33.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPDR Series Trust78468R523
    5.1%$35.1M
  2. Ssga Active Tr78470P804
    4.0%$27.6M
  3. Invesco QQQ Trust Series I46090E103
    4.0%$27.4M
  4. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    3.9%$27.0M
  5. MFS Active Exchange Traded F55286W108
    3.8%$25.7M

Biggest buys

New and added positions, by estimated amount bought

  1. Innovator ETFs Trust45783Y855
    +$15.2MNew
  2. Janus Detroit STR Tr47103U647
    +$13.6MNew
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$2.61MNewHistory
  4. IBMInternational Business Machines Corp
    +$2.30MAddedHistory
  5. EXELExelixis, Inc.
    +$2.21MNewHistory

Largest weight increases

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

  1. Innovator ETFs Trust45783Y855
    +2.22 pp0.0% → 2.2%
  2. Janus Detroit STR Tr47103U647
    +1.98 pp0.0% → 2.0%
  3. Invesco QQQ Trust Series I46090E103
    +0.82 pp3.2% → 4.0%
  4. AMDAdvanced Micro Devices Inc
    +0.50 pp0.3% → 0.8%History
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.38 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab Intermediate-Term US Treasury ETF808524854
    −$15.7MSold out
  2. First Tr Exchange-Traded FD33738D606
    −$10.8MReduced
  3. INODInnodata Inc
    −$3.62MReducedHistory
  4. LITELumentum Holdings Inc.
    −$3.01MReducedHistory
  5. QCOMQualcomm Inc
    −$2.03MReducedHistory

Largest weight decreases

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

  1. Schwab Intermediate-Term US Treasury ETF808524854
    −2.51 pp2.5% → 0.0%
  2. First Tr Exchange-Traded FD33738D606
    −1.81 pp2.4% → 0.6%
  3. SPDR Series Trust78468R523
    −0.62 pp5.7% → 5.1%
  4. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.46 pp4.4% → 3.9%
  5. LITELumentum Holdings Inc.
    −0.36 pp0.7% → 0.3%History

Metrics

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

Portfolio value
$685.7M
+$61.2M (+9.8%) vs. prior quarter
Positions
311
+18 vs. prior quarter
Top 10 concentration
34.7%
Top 10 as share of value
Turnover
12.4%
Q2 2026, one quarter
Average holding period
9.1 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 $685.7M (Q2 2026)

Q1 2021: $167.3MQ2 2021: $185.1MQ3 2021: $193.4MQ4 2021: $271.4MQ1 2022: $244.3MQ2 2022: $250.3MQ3 2022: $236.8MQ4 2022: $257.5MQ1 2023: $278.8MQ2 2023: $293.3MQ3 2023: $277.4MQ4 2023: $310.2MQ1 2024: $347.7MQ2 2024: $357.5MQ3 2024: $418.5MQ4 2024: $412.9MQ1 2025: $457.8MQ2 2025: $510.0MQ3 2025: $513.3MQ4 2025: $515.3MQ1 2026: $624.6MQ2 2026: $685.7M
Q1 2021Q2 2026
13F filings of Marshall Financial Group LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 2026311$685.7MSPDR Series TrustSsga Active TrInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026Apr 13, 2026293$624.6MSPDR Series TrustState Street SPDR Bloomberg 1-3 Month T-Bill ETFSsga Active Trvs. Q4 2025SEC
Q4 2025Jan 9, 2026288$515.3MSsga Active TrMFS Active Exchange Traded FJanus Detroit STR Trvs. Q3 2025SEC
Q3 2025Oct 8, 2025258$513.3MSsga Active TrJanus Detroit STR TrMFS Active Exchange Traded Fvs. Q2 2025SEC
Q2 2025Jul 10, 2025251$510.0MProShares TrSsga Active TrProShares Trvs. Q1 2025SEC
Q1 2025Apr 16, 2025232$457.8MSsga Active TrHartford FDS Exchange TradedJanus Detroit STR Trvs. Q4 2024SEC
Q4 2024Jan 21, 2025218$412.9MSsga Active TrHartford FDS Exchange TradedJPMorgan Nasdaq Equity Premium Income ETFvs. Q3 2024SEC
Q3 2024Oct 16, 2024218$418.5MSsga Active TrHartford FDS Exchange TradedJanus Detroit STR Trvs. Q2 2024SEC
Q2 2024Jul 19, 2024169$357.5MJanus Detroit STR TrJPMorgan Nasdaq Equity Premium Income ETFHartford FDS Exchange Tradedvs. Q1 2024SEC
Q1 2024Apr 19, 2024173$347.7MHartford FDS Exchange TradedJanus Detroit STR TrJPMorgan Nasdaq Equity Premium Income ETFvs. Q4 2023SEC
Q4 2023Jan 10, 2024175$310.2MHartford FDS Exchange TradedVanguard Scottsdale FDSSchwab Intermediate-Term US Treasury ETFvs. Q3 2023SEC
Q3 2023Oct 19, 2023163$277.4MHartford FDS Exchange TradedVanguard Scottsdale FDSSchwab Intermediate-Term US Treasury ETFvs. Q2 2023SEC
Q2 2023Jul 17, 2023174$293.3MHartford FDS Exchange TradedVanguard Scottsdale FDSSchwab Intermediate-Term US Treasury ETFvs. Q1 2023SEC
Q1 2023Apr 18, 2023176$278.8MHartford FDS Exchange TradedVanguard Scottsdale FDSFirst Tr Exchange-Traded FDvs. Q4 2022SEC
Q4 2022Feb 1, 2023168$257.5MHartford FDS Exchange TradedVanguard Scottsdale FDSFirst Tr Exchange-Traded FDvs. Q3 2022SEC
Q3 2022Oct 12, 2022176$236.8MSsga Active ETF TrFirst Tr Exchng Traded FD VIVanguard Scottsdale FDSvs. Q2 2022SEC
Q2 2022Jul 25, 2022179$250.3MSsga Active ETF TrFirst Tr Exchng Traded FD VIVanguard Scottsdale FDSvs. Q1 2022SEC
Q1 2022May 10, 2022203$244.3MSsga Active ETF TrVanguard Scottsdale FDSHartford FDS Exchange Tradedvs. Q4 2021SEC
Q4 2021Jan 27, 2022208$271.4MHartford FDS Exchange TradedAAPLVanguard Scottsdale FDSvs. Q3 2021SEC
Q3 2021Oct 28, 2021171$193.4MHartford FDS Exchange TradediShares TrAAPLvs. Q2 2021SEC
Q2 2021Jul 14, 2021170$185.1MHartford FDS Exchange TradediShares TrAAPLvs. Q1 2021SEC
Q1 2021Apr 20, 2021134$167.3MHartford FDS Exchange TradediShares TrAAPL–SEC