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Livermore
Livermore
ZHEN

AAFMAA Wealth Management & Trust LLC

SEC CIK
0001846160
Latest filing
Jul 8, 2026

The latest 13F from AAFMAA Wealth Management & Trust LLC covers Q2 2026 (filed Jul 8, 2026): 95 long positions worth $286.5M. The top 10 holdings make up 55.3% of the portfolio, and the largest is iShares Iboxx $ Investment Grade Corporate Bond ETF at 8.3%. Livermore has 23 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
5
Est. +$1.41M
Added
33
Est. +$11.8M
Reduced
48
Est. −$8.68M
Sold out
6
Est. −$2.91M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    8.3%$23.8M
  2. Vanguard Scottsdale FDS92206C409
    7.5%$21.5M
  3. iShares Tr464287440
    6.9%$19.9M
  4. iShares MSCI Eafe ETF464287465
    5.9%$16.9M
  5. State Street Financial Select Sector SPDR ETF81369Y605
    5.5%$15.6M

Share of portfolio

Top 5 holdings and the other 90 positions, by share of portfolio value

  1. iShares Iboxx $ Investment Grade Corporate Bond ETF8.3%
  2. Vanguard Scottsdale FDS7.5%
  3. iShares Tr6.9%
  4. iShares MSCI Eafe ETF5.9%
  5. State Street Financial Select Sector SPDR ETF5.5%
  6. Other 90 positions65.9%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    +$1.83MAdded
  2. iShares Tr464287440
    +$1.80MAdded
  3. Vanguard Scottsdale FDS92206C409
    +$1.66MAdded
  4. State Street Financial Select Sector SPDR ETF81369Y605
    +$864.3KAdded
  5. State Street Industrial Select Sector SPDR ETF81369Y704
    +$818.5KAdded

Largest weight increases

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

  1. State Street Technology Select Sector SPDR ETF81369Y803
    +1.13 pp3.7% → 4.8%
  2. iShares Semiconductor ETF464287523
    +0.78 pp0.9% → 1.7%
  3. State Street Industrial Select Sector SPDR ETF81369Y704
    +0.42 pp4.5% → 4.9%
  4. SPYSPDR S&P 500 ETF Trust
    +0.37 pp4.8% → 5.2%History
  5. Amplify ETF Tr032108664
    +0.30 pp0.8% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DELLDell Technologies Inc.
    −$1.28MReducedHistory
  2. BSXBoston Scientific Corp
    −$1.17MSold outHistory
  3. MSFTMicrosoft Corp
    −$1.07MReducedHistory
  4. NOWServiceNow, Inc.
    −$680.7KSold outHistory
  5. CRMSalesforce, Inc.
    −$579.6KReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.56 pp2.0% → 1.4%History
  2. BSXBoston Scientific Corp
    −0.45 pp0.5% → 0.0%History
  3. CRMSalesforce, Inc.
    −0.29 pp0.4% → 0.1%History
  4. NOWServiceNow, Inc.
    −0.26 pp0.3% → 0.0%History
  5. COSTCostco Wholesale Corp
    −0.17 pp0.7% → 0.5%History

Metrics

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

Portfolio value
$286.5M
+$28.7M (+11.1%) vs. prior quarter
Positions
95
−1 vs. prior quarter
Top 10 concentration
55.3%
Top 10 as share of value
Turnover
4.3%
Q2 2026, one quarter
Average holding period
8.7 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 $286.5M (Q2 2026)

Q1 2021: $208.0MQ2 2021: $217.9MQ3 2021: $210.7MQ4 2021: $229.5MQ1 2022: $216.9MQ2 2022: $148.3MQ3 2022: $135.9MQ4 2022: $110.8MQ1 2023: $124.7MQ2 2023: $121.1MQ3 2023: $107.6MQ4 2023: $176.3MQ1 2024: $183.2MQ2 2024: $203.3MQ3 2024: $226.8MQ4 2024: $228.2MQ1 2025: $220.3MQ2 2025: $241.9MQ3 2025: $252.1MQ4 2025: $255.1MQ1 2026: $257.8MQ2 2026: $286.5M
Q1 2021Q2 2026
13F filings of AAFMAA Wealth Management & Trust LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 8, 202695$286.5MiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Scottsdale FDSiShares Trvs. Q1 2026SEC
Q1 2026Apr 8, 202696$257.8MiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Scottsdale FDSiShares Trvs. Q4 2025SEC
Q4 2025Jan 7, 202685$255.1MiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Scottsdale FDSiShares Trvs. Q3 2025SEC
Q3 2025Oct 30, 202582$252.1MVanguard Scottsdale FDSiShares TriShares Trvs. Q2 2025SEC
Q2 2025Jul 16, 202582$241.9MVanguard Scottsdale FDSiShares TriShares Trvs. Q1 2025SEC
Q1 2025Apr 11, 202577$220.3MVanguard Scottsdale FDSSPYiShares Core S&P U.S. Growth ETFvs. Q4 2024SEC
Q4 2024Jan 13, 202567$228.2MVanguard Scottsdale FDSiShares TrSPYvs. Q3 2024SEC
Q3 2024Oct 16, 202466$226.8MVanguard Scottsdale FDSiShares TrSPYvs. Q2 2024SEC
Q2 2024Jul 19, 202476$203.3MVanguard Scottsdale FDSiShares TriShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q1 2024SEC
Q1 2024May 2, 202461$183.2MVanguard Scottsdale FDSiShares TriShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q4 2023SEC
Q4 2023Feb 12, 202454$176.3MVanguard Scottsdale FDSiShares TriShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q3 2023SEC
Q3 2023Nov 8, 202351$107.6MiShares Tips Bond ETFBACRMvs. Q2 2023SEC
Q2 2023Aug 4, 202349$121.1MViShares Tips Bond ETFBAvs. Q1 2023SEC
Q1 2023Apr 27, 202352$124.7MJPMViShares Tips Bond ETFvs. Q4 2022SEC
Q4 2022Jan 27, 202353$110.8MBANDAQVvs. Q3 2022SEC
Q3 2022Nov 8, 202264$135.9MHDNDAQVvs. Q2 2022SEC
Q2 2022Aug 12, 202246$148.3MAAPLZTSHDvs. Q1 2022SEC
Q1 2022Jul 19, 2022Amended67$216.9MAAPLMRVLHDvs. Q4 2021SEC
Q4 2021Jan 20, 202268$229.5MAAPLMSFTMRVLvs. Q3 2021SEC
Q3 2021Oct 12, 202166$210.7MPXDABBVAAPLvs. Q2 2021SEC
Q2 2021Jul 29, 202163$217.9MABBVOSKAMATvs. Q1 2021SEC
Q1 2021Apr 29, 202164$208.0MUNPOSKABBV–SEC