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Livermore
Livermore
ZHEN

Buttonwood Financial Group, LLC

SEC CIK
0001847661
Latest filing
Jul 30, 2026

The latest 13F from Buttonwood Financial Group, LLC covers Q2 2026 (filed Jul 30, 2026): 33 long positions worth $175.0M. The top 10 holdings make up 81.8% of the portfolio, and the largest is BlackRock ETF Trust at 17.8%. Livermore has 18 filings on Form 13F from this institution, going back to Q1 2022.

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
3
Est. +$765.8K
Added
11
Est. +$8.04M
Reduced
18
Est. −$22.4M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. BlackRock ETF Trust09290C103
    17.8%$31.2M
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    13.1%$23.0M
  3. American Centy ETF Tr025072604
    11.7%$20.4M
  4. American Centy ETF Tr025072158
    8.7%$15.3M
  5. BlackRock ETF Trust09290C780
    7.8%$13.6M

Share of portfolio

Top 5 holdings and the other 28 positions, by share of portfolio value

  1. BlackRock ETF Trust17.8%
  2. State Street SPDR Portfolio S&P 500 ETF13.1%
  3. American Centy ETF Tr11.7%
  4. American Centy ETF Tr8.7%
  5. BlackRock ETF Trust7.8%
  6. Other 28 positions40.8%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$3.73MAdded
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    +$1.80MAdded
  3. Global X FDS37960A529
    +$1.24MAdded
  4. iShares Tr46438G448
    +$625.7KAdded
  5. iShares Core U.S. Aggregate Bond ETF464287226
    +$353.8KNew

Largest weight increases

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

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +2.82 pp10.3% → 13.1%
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    +1.46 pp3.4% → 4.8%
  3. iShares Core U.S. Aggregate Bond ETF464287226
    +0.20 pp0.0% → 0.2%
  4. iShares Tr464288729
    +0.13 pp0.9% → 1.0%
  5. iShares Tr46436E767
    +0.12 pp0.0% → 0.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −$6.25MReduced
  2. BlackRock ETF Trust09290C780
    −$5.00MReduced
  3. BlackRock ETF Trust09290C103
    −$4.70MReduced
  4. American Centy ETF Tr025072604
    −$3.63MReduced
  5. American Centy ETF Tr025072885
    −$742.2KReduced

Largest weight decreases

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

  1. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −3.59 pp6.4% → 2.9%
  2. BlackRock ETF Trust09290C103
    −1.06 pp18.9% → 17.8%
  3. American Centy ETF Tr025072604
    −0.69 pp12.3% → 11.7%
  4. iShares Flexible Income Active ETF092528603
    −0.46 pp1.6% → 1.1%
  5. American Centy ETF Tr025072885
    −0.07 pp5.0% → 4.9%

Metrics

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

Portfolio value
$175.0M
+$12.4M (+7.7%) vs. prior quarter
Positions
33
+3 vs. prior quarter
Top 10 concentration
81.8%
Top 10 as share of value
Turnover
5.2%
Q2 2026, one quarter
Average holding period
8.2 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 2022), so positions held before then are understated.

13F filings by quarter

18 quarters, going back to Q1 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $231.6M (Q3 2025)

Q1 2022: $134.6MQ2 2022: $102.2MQ3 2022: $96.2MQ4 2022: $110.0MQ1 2023: $100.2MQ2 2023: $115.5MQ3 2023: $137.1MQ4 2023: $137.4MQ1 2024: $169.1MQ2 2024: $175.3MQ3 2024: $166.7MQ4 2024: $180.6MQ1 2025: $170.6MQ2 2025: $197.0MQ3 2025: $231.6MQ4 2025: $188.1MQ1 2026: $162.5MQ2 2026: $175.0M
Q1 2022Q2 2026
13F filings of Buttonwood Financial Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 202633$175.0MBlackRock ETF TrustState Street SPDR Portfolio S&P 500 ETFAmerican Centy ETF Trvs. Q1 2026SEC
Q1 2026Apr 15, 202630$162.5MBlackRock ETF TrustAmerican Centy ETF TrState Street SPDR Portfolio S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 13, 202633$188.1MState Street SPDR Portfolio S&P 500 ETFBlackRock ETF TrustAmerican Centy ETF Trvs. Q3 2025SEC
Q3 2025Nov 5, 202531$231.6MState Street SPDR Portfolio S&P 500 ETFBlackRock ETF TrustAmerican Centy ETF Trvs. Q2 2025SEC
Q2 2025Jul 14, 202530$197.0MBlackRock ETF TrustiShares MSCI USA Quality Factor ETFState Street SPDR Portfolio S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 14, 202528$170.6MState Street SPDR Portfolio S&P 500 ETFBlackRock ETF TrustiShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Jan 31, 202528$180.6MState Street SPDR Portfolio S&P 500 ETFBlackRock ETF TrustiShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Oct 15, 202427$166.7MState Street SPDR Portfolio S&P 500 ETFBlackRock ETF TrustiShares MSCI USA Quality Factor ETFvs. Q2 2024SEC
Q2 2024Jul 10, 202429$175.3MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 ETFBlackRock ETF Trustvs. Q1 2024SEC
Q1 2024Apr 11, 202429$169.1MState Street SPDR Portfolio S&P 500 ETFiShares MSCI USA Quality Factor ETFAmerican Centy ETF Trvs. Q4 2023SEC
Q4 2023Jan 8, 202427$137.4MState Street SPDR Portfolio S&P 500 ETFiShares MSCI USA Quality Factor ETFAmerican Centy ETF Trvs. Q3 2023SEC
Q3 2023Oct 31, 202328$137.1MState Street SPDR Portfolio S&P 500 ETFiShares MSCI USA Quality Factor ETFAmerican Centy ETF Trvs. Q2 2023SEC
Q2 2023Jul 26, 202325$115.5MState Street SPDR Portfolio S&P 500 ETFiShares TriShares MSCI USA Quality Factor ETFvs. Q1 2023SEC
Q1 2023May 8, 202323$100.2MState Street SPDR Portfolio S&P 500 ETFiShares MSCI USA Quality Factor ETFiShares Trvs. Q4 2022SEC
Q4 2022Jan 23, 202328$110.0MState Street SPDR Portfolio S&P 500 ETFiShares TriShares Trvs. Q3 2022SEC
Q3 2022Nov 14, 202220$96.2MState Street SPDR Portfolio S&P 500 ETFiShares TriShares Trvs. Q2 2022SEC
Q2 2022Aug 5, 202220$102.2MState Street SPDR Portfolio S&P 500 ETFiShares TriShares Trvs. Q1 2022SEC
Q1 2022May 18, 202219$134.6MiShares TrState Street SPDR Portfolio S&P 500 ETFiShares Tr–SEC