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Livermore
Livermore
ZHEN

True Link Financial Advisors, LLC

SEC CIK
0001846236
Latest filing
Jul 31, 2026

The latest 13F from True Link Financial Advisors, LLC covers Q2 2026 (filed Jul 31, 2026): 104 long positions worth $1.73B. The top 10 holdings make up 88.4% of the portfolio, and the largest is Vanguard Intermediate-Term Bond ETF at 25.3%. Livermore has 24 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
6
Est. +$1.90M
Added
33
Est. +$55.3M
Reduced
46
Est. −$13.8M
Sold out
320
Est. −$15.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Intermediate-Term Bond ETF921937819
    25.3%$437.7M
  2. iShares Core S&P 500 ETF464287200
    12.2%$211.2M
  3. Vanguard Short-Term Bond ETF921937827
    11.8%$203.2M
  4. Dimensional ETF Trust25434V872
    10.8%$187.2M
  5. iShares Tr464287150
    6.7%$115.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Intermediate-Term Bond ETF921937819
    +$26.7MAdded
  2. Vanguard Short-Term Bond ETF921937827
    +$9.81MAdded
  3. Dimensional ETF Trust25434V872
    +$7.23MAdded
  4. Vanguard Malvern FDS922020805
    +$2.74MAdded
  5. iShares Core MSCI Eafe ETF46432F842
    +$2.05MAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +0.87 pp11.3% → 12.2%
  2. Dimensional Emerging Core Equity Market ETF25434V302
    +0.50 pp3.8% → 4.3%
  3. iShares MSCI USA Quality Factor ETF46432F339
    +0.31 pp3.8% → 4.1%
  4. Vanguard Dividend Appreciation ETF921908844
    +0.16 pp3.6% → 3.8%
  5. iShares Core MSCI Eafe ETF46432F842
    +0.11 pp4.9% → 5.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287150
    −$6.39MReduced
  2. Vanguard Morningstar Value ETF922908744
    −$1.33MReduced
  3. iShares Tr46436E718
    −$794.1KReduced
  4. Dimensional ETF Trust25434V807
    −$775.2KReduced
  5. iShares Tr46436E858
    −$744.6KReduced

Largest weight decreases

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

  1. Dimensional ETF Trust25434V807
    −0.20 pp3.7% → 3.5%
  2. Vanguard Morningstar Value ETF922908744
    −0.07 pp0.2% → 0.1%
  3. iShares Tr46436E718
    −0.06 pp0.2% → 0.2%
  4. iShares Tr46436E858
    −0.06 pp0.2% → 0.2%
  5. LMTLockheed Martin Corp
    −0.04 pp0.2% → 0.1%History

Metrics

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

Portfolio value
$1.73B
+$110.0M (+6.8%) vs. prior quarter
Positions
104
−314 vs. prior quarter
Top 10 concentration
88.4%
Top 10 as share of value
Turnover
1.7%
Q2 2026, one quarter
Average holding period
17.7 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 $1.73B (Q2 2026)

Q1 2021: $689.5MQ2 2021: $681.7MQ3 2021: $728.7MQ4 2021: $748.9MQ1 2022: $691.7MQ2 2022: $661.5MQ3 2022: $690.1MQ4 2022: $737.6MQ1 2023: $798.6MQ2 2023: $827.5MQ3 2023: $833.6MQ4 2023: $923.8MQ1 2024: $1.04BQ2 2024: $1.08BQ3 2024: $1.18BQ4 2024: $1.19BQ1 2025: $1.34BQ2 2025: $1.45BQ3 2025: $1.55BQ4 2025: $1.65BQ1 2026: $1.62BQ2 2026: $1.73B
Q1 2021Q2 2026
13F filings of True Link Financial Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 2026Amended104$1.73BVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Short-Term Bond ETFvs. Q1 2026SEC
Q1 2026Apr 29, 2026Amended418$1.62BVanguard Intermediate-Term Bond ETFVanguard Short-Term Bond ETFiShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 29, 2026114$1.65BVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Short-Term Bond ETFvs. Q3 2025SEC
Q3 2025Nov 6, 202592$1.55BVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Short-Term Bond ETFvs. Q2 2025SEC
Q2 2025Jul 24, 202587$1.45BVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Short-Term Bond ETFvs. Q1 2025SEC
Q1 2025Apr 21, 202594$1.34BVanguard Intermediate-Term Bond ETFVanguard Short-Term Bond ETFiShares Core S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 16, 202573$1.19BVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Short-Term Bond ETFvs. Q3 2024SEC
Q3 2024Oct 25, 202466$1.18BVanguard Intermediate-Term Bond ETFVanguard Short-Term Bond ETFiShares Core S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 12, 202464$1.08BVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFvs. Q1 2024SEC
Q1 2024Apr 19, 202463$1.04BVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 19, 202461$923.8MVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 30, 2023103$833.6MVanguard Short-Term Bond ETFiShares Core S&P 500 ETFVanguard Intermediate-Term Bond ETFvs. Q2 2023SEC
Q2 2023Jul 20, 2023113$827.5MVanguard Short-Term Bond ETFiShares Core S&P 500 ETFiShares Trvs. Q1 2023SEC
Q1 2023May 5, 2023119$798.6MVanguard Short-Term Bond ETFiShares Core S&P 500 ETFiShares Trvs. Q4 2022SEC
Q4 2022Feb 9, 2023115$737.6MVanguard Short-Term Bond ETFiShares Core S&P 500 ETFiShares Trvs. Q3 2022SEC
Q3 2022Nov 9, 2022127$690.1MVanguard Short-Term Bond ETFiShares Core S&P 500 ETFiShares Trvs. Q2 2022SEC
Q2 2022Aug 4, 2022122$661.5MVanguard Short-Term Bond ETFiShares Core S&P 500 ETFiShares Trvs. Q1 2022SEC
Q1 2022May 16, 2022128$691.7MVanguard Short-Term Bond ETFiShares TriShares Core S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 1, 2022764$748.9MVanguard Short-Term Bond ETFiShares TriShares Core S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 29, 2021801$728.7MVanguard Short-Term Bond ETFiShares TrVanguard Intermediate-Term Bond ETFvs. Q2 2021SEC
Q2 2021Aug 19, 2021726$681.7MVanguard Short-Term Bond ETFiShares TrVanguard Intermediate-Term Bond ETFvs. Q1 2021SEC
Q1 2021May 17, 2021700$689.5MVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETF–SEC