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Livermore
Livermore
ZHEN

RFG Holdings, Inc.

SEC CIK
0001845210
Latest filing
Jul 29, 2026

The latest 13F from RFG Holdings, Inc. covers Q2 2026 (filed Jul 29, 2026): 87 long positions worth $476.9M. The top 10 holdings make up 72.1% of the portfolio, and the largest is Vanguard S&P 500 ETF at 27.1%. 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
20
Est. +$8.58M
Added
46
Est. +$21.0M
Reduced
15
Est. −$2.21M
Sold out
3
Est. −$1.08M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    27.1%$129.4M
  2. Invesco QQQ Trust Series I46090E103
    9.8%$46.8M
  3. PIMCO ETF Tr72201R585
    8.7%$41.7M
  4. SPDR Series Trust78468R606
    5.0%$23.8M
  5. Vanguard Morningstar Mid-Cap ETF922908629
    4.2%$20.2M

Share of portfolio

Top 5 holdings and the other 82 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF27.1%
  2. Invesco QQQ Trust Series I9.8%
  3. PIMCO ETF Tr8.7%
  4. SPDR Series Trust5.0%
  5. Vanguard Morningstar Mid-Cap ETF4.2%
  6. Other 82 positions45.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$3.07MAdded
  2. PIMCO ETF Tr72201R585
    +$2.94MAdded
  3. Vanguard Ftse Developed Markets ETF921943858
    +$1.70MAdded
  4. LRCXLam Research Corp
    +$1.55MNewHistory
  5. Vanguard Scottsdale FDS92206C813
    +$1.51MAdded

Largest weight increases

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

  1. AMDAdvanced Micro Devices Inc
    +1.04 pp0.6% → 1.7%History
  2. MUMicron Technology Inc
    +0.89 pp0.3% → 1.2%History
  3. Invesco QQQ Trust Series I46090E103
    +0.79 pp9.0% → 9.8%
  4. LRCXLam Research Corp
    +0.32 pp0.0% → 0.3%History
  5. WDCWestern Digital Corp
    +0.25 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco Exch Traded FD Tr II46138G508
    −$1.30MReduced
  2. Franklin Templeton ETF Tr35473P769
    −$701.7KSold out
  3. WisdomTree Tr97717W851
    −$211.2KSold out
  4. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −$184.8KReduced
  5. Invesco Exchange Traded FD T46137V621
    −$167.2KSold out

Largest weight decreases

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

  1. Invesco Exch Traded FD Tr II46138G508
    −0.94 pp3.9% → 3.0%
  2. Vanguard Energy ETF92204A306
    −0.22 pp0.8% → 0.6%
  3. Franklin Templeton ETF Tr35473P769
    −0.18 pp0.2% → 0.0%
  4. SPDR Series Trust78468R556
    −0.13 pp0.4% → 0.3%
  5. MSFTMicrosoft Corp
    −0.13 pp0.7% → 0.6%History

Metrics

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

Portfolio value
$476.9M
+$79.9M (+20.1%) vs. prior quarter
Positions
87
+17 vs. prior quarter
Top 10 concentration
72.1%
Top 10 as share of value
Turnover
0.8%
Q2 2026, one quarter
Average holding period
12.8 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

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

Peak $476.9M (Q2 2026)

Q1 2021: $159.6MQ2 2021: $169.6MQ3 2021: $172.7MQ4 2021: $190.8MQ1 2022: $161.0MQ2 2022: $113.6MQ3 2022: $82.4MQ4 2022: $95.9MQ1 2023: $125.7MQ2 2023: $125.7MQ3 2023: $177.1MQ4 2023: $196.7MQ1 2024: $237.5MQ2 2024: $262.9MQ3 2024: $283.5MQ4 2024: $301.1MQ1 2025: $307.4MQ2 2025: $345.2MQ3 2025: $387.6MQ4 2025: $398.8MQ1 2026: $397.0MQ2 2026: $476.9M
Q1 2021Q2 2026
13F filings of RFG Holdings, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 202687$476.9MVanguard S&P 500 ETFInvesco QQQ Trust Series IPIMCO ETF Trvs. Q1 2026SEC
Q1 2026Apr 16, 202670$397.0MVanguard S&P 500 ETFPIMCO ETF TrInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Jan 23, 202664$398.8MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q3 2025SEC
Q3 2025Oct 15, 202561$387.6MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q2 2025SEC
Q2 2025Jul 10, 202559$345.2MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q1 2025SEC
Q1 2025Apr 16, 202559$307.4MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q4 2024SEC
Q4 2024Jan 27, 202557$301.1MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q3 2024SEC
Q3 2024Oct 10, 202453$283.5MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q2 2024SEC
Q2 2024Jul 15, 202447$262.9MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q1 2024SEC
Q1 2024Apr 15, 202443$237.5MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q4 2023SEC
Q4 2023Jan 30, 202427$196.7MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q3 2023SEC
Q3 2023Oct 18, 202325$177.1MVanguard S&P 500 ETFInvesco Exch Traded FD Tr IIInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Jul 17, 202317$125.7MVanguard S&P 500 ETFVanguard Admiral FDS IncVanguard Scottsdale FDSvs. Q1 2023SEC
Q1 2023Apr 24, 202318$125.7MVanguard S&P 500 ETFVanguard Admiral FDS IncVanguard Scottsdale FDSvs. Q4 2022SEC
Q4 2022Jan 11, 202312$95.9MVanguard S&P 500 ETFVanguard Admiral FDS IncVanguard Energy ETFvs. Q3 2022SEC
Q3 2022Oct 11, 202213$82.4MVanguard S&P 500 ETFVanguard Admiral FDS IncVanguard Energy ETFvs. Q2 2022SEC
Q2 2022Jul 12, 202217$113.6MVanguard S&P 500 ETFVanguard Admiral FDS IncSsga Active ETF Trvs. Q1 2022SEC
Q1 2022Apr 11, 202222$161.0MVanguard S&P 500 ETFSsga Active ETF TrVanguard Admiral FDS Incvs. Q4 2021SEC
Q4 2021Jan 14, 202232$190.8MVanguard S&P 500 ETFSsga Active ETF TrVanguard Admiral FDS Incvs. Q3 2021SEC
Q3 2021Oct 12, 202128$172.7MVanguard S&P 500 ETFVanguard Admiral FDS IncSsga Active ETF Trvs. Q2 2021SEC
Q2 2021Jul 13, 202129$169.6MVanguard Admiral FDS IncSsga Active ETF TrVanguard Scottsdale FDSvs. Q1 2021SEC
Q1 2021Apr 13, 202130$159.6MVanguard Admiral FDS IncSsga Active ETF TrInvesco Exch Traded FD Tr II–SEC