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Livermore
Livermore
ZHEN

Kaizen Financial Strategies

SEC CIK
0001842013
Latest filing
Jul 30, 2026

The latest 13F from Kaizen Financial Strategies covers Q2 2026 (filed Jul 30, 2026): 170 long positions worth $253.2M. The top 10 holdings make up 43.5% of the portfolio, and the largest is Schwab U.S. Large-Cap Growth ETF at 7.0%. 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
15
Est. +$4.09M
Added
58
Est. +$16.9M
Reduced
81
Est. −$18.3M
Sold out
15
Est. −$3.67M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap Growth ETF808524300
    7.0%$17.7M
  2. AAPLApple Inc.
    6.5%$16.4MHistory
  3. SPYSPDR S&P 500 ETF Trust
    5.8%$14.6MHistory
  4. Capital Group Dividend Value14020W106
    5.2%$13.1M
  5. NVDANVIDIA Corp
    3.9%$9.97MHistory

Share of portfolio

Top 5 holdings and the other 165 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap Growth ETF7.0%
  2. AAPL6.5%
  3. SPY5.8%
  4. Capital Group Dividend Value5.2%
  5. NVDA3.9%
  6. Other 165 positions71.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab Strategic Tr808524789
    +$3.21MAdded
  2. Vanguard S&P 500 ETF922908363
    +$3.10MAdded
  3. Vanguard High Dividend Yield Index ETF921946406
    +$2.65MAdded
  4. Schwab Fundamental International Equity ETF808524755
    +$2.50MAdded
  5. Invesco QQQ Trust Series I46090E103
    +$1.44MAdded

Largest weight increases

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

  1. Schwab Strategic Tr808524789
    +1.26 pp1.1% → 2.4%
  2. Vanguard S&P 500 ETF922908363
    +1.22 pp0.6% → 1.8%
  3. Vanguard High Dividend Yield Index ETF921946406
    +0.99 pp1.5% → 2.5%
  4. Schwab Fundamental International Equity ETF808524755
    +0.96 pp0.5% → 1.4%
  5. Invesco QQQ Trust Series I46090E103
    +0.63 pp1.1% → 1.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$4.93MReducedHistory
  2. Vanguard Malvern FDS922020748
    −$1.23MReduced
  3. Schwab U.S. Large-Cap Growth ETF808524300
    −$1.19MReduced
  4. Schwab Strategic Tr808524623
    −$909.8KReduced
  5. Neos ETF Trust78433H303
    −$754.3KReduced

Largest weight decreases

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

  1. SPYSPDR S&P 500 ETF Trust
    −2.01 pp7.8% → 5.8%History
  2. Vanguard Malvern FDS922020748
    −0.80 pp4.2% → 3.4%
  3. Schwab U.S. Large-Cap Growth ETF808524300
    −0.54 pp7.5% → 7.0%
  4. NVDANVIDIA Corp
    −0.43 pp4.4% → 3.9%History
  5. AMZNAmazon Com Inc
    −0.43 pp2.1% → 1.7%History

Metrics

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

Portfolio value
$253.2M
+$17.0M (+7.2%) vs. prior quarter
Positions
170
0 vs. prior quarter
Top 10 concentration
43.5%
Top 10 as share of value
Turnover
8.6%
Q2 2026, one quarter
Average holding period
13.8 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 $253.2M (Q2 2026)

Q1 2021: $104.9MQ3 2021: $124.0MQ4 2021: $133.5MQ1 2022: $127.5MQ2 2022: $101.1MQ3 2022: $98.1MQ4 2022: $101.2MQ1 2023: $101.4MQ2 2023: $116.7MQ3 2023: $118.2MQ4 2023: $131.5MQ1 2024: $147.1MQ2 2024: $160.4MQ3 2024: $172.3MQ4 2024: $176.6MQ1 2025: $173.3MQ2 2025: $196.8MQ3 2025: $221.2MQ4 2025: $226.6MQ1 2026: $236.2MQ2 2026: $253.2M
Q1 2021Q2 2026
13F filings of Kaizen Financial Strategies by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 2026170$253.2MSchwab U.S. Large-Cap Growth ETFAAPLSPYvs. Q1 2026SEC
Q1 2026May 1, 2026170$236.2MSPYSchwab U.S. Large-Cap Growth ETFAAPLvs. Q4 2025SEC
Q4 2025Jan 21, 2026163$226.6MSPYSchwab U.S. Large-Cap Growth ETFAAPLvs. Q3 2025SEC
Q3 2025Nov 12, 2025151$221.2MSPYSchwab U.S. Large-Cap Growth ETFAAPLvs. Q2 2025SEC
Q2 2025Aug 8, 2025149$196.8MSPYSchwab U.S. Large-Cap Growth ETFAAPLvs. Q1 2025SEC
Q1 2025Apr 9, 2025138$173.3MSPYAAPLSchwab U.S. Large-Cap Growth ETFvs. Q4 2024SEC
Q4 2024Feb 14, 2025133$176.6MSPYAAPLSchwab U.S. Large-Cap Growth ETFvs. Q3 2024SEC
Q3 2024Nov 4, 2024135$172.3MAAPLSPYSchwab U.S. Large-Cap Growth ETFvs. Q2 2024SEC
Q2 2024Aug 5, 2024132$160.4MAAPLSPYSchwab U.S. Large-Cap Growth ETFvs. Q1 2024SEC
Q1 2024May 3, 2024123$147.1MSPYSchwab U.S. Large-Cap Growth ETFAAPLvs. Q4 2023SEC
Q4 2023Jan 18, 2024115$131.5MAAPLSPYSchwab U.S. Large-Cap Growth ETFvs. Q3 2023SEC
Q3 2023Oct 31, 2023110$118.2MAAPLSPYSchwab U.S. Large-Cap Growth ETFvs. Q2 2023SEC
Q2 2023Aug 8, 2023114$116.7MAAPLSPYVanguard Dividend Appreciation ETFvs. Q1 2023SEC
Q1 2023May 11, 2023101$101.4MAAPLSPYSchwab US Aggregate Bond ETFvs. Q4 2022SEC
Q4 2022Jan 19, 2023121$101.2MAAPLSPYDIAvs. Q3 2022SEC
Q3 2022Oct 19, 2022115$98.1MAAPLSPYSchwab U.S. Large-Cap Growth ETFvs. Q2 2022SEC
Q2 2022Jul 18, 2022119$101.1MAAPLSPYVanguard Morningstar Total Stock Market ETFvs. Q1 2022SEC
Q1 2022May 6, 2022131$127.5MAAPLSPYVanguard Morningstar Total Stock Market ETFvs. Q4 2021SEC
Q4 2021Jan 26, 2022140$133.5MAAPLSPYSchwab U.S. Large-Cap Growth ETFvs. Q3 2021SEC
Q3 2021Nov 12, 2021139$124.0MAAPLSPYSchwab Strategic Tr–SEC
Q1 2021May 28, 2021134$104.9MAAPLSchwab Strategic TrSchwab U.S. Large-Cap Growth ETF–SEC