Skip to main content
Livermore
Livermore
ZHEN

Defined Wealth Management, LLC

SEC CIK
0001849518
Latest filing
Jul 28, 2026

The latest 13F from Defined Wealth Management, LLC covers Q2 2026 (filed Jul 28, 2026): 115 long positions worth $194.3M. The top 10 holdings make up 36.0% of the portfolio, and the largest is Vanguard S&P 500 ETF at 5.4%. 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
12
Est. +$23.9M
Added
55
Est. +$5.49M
Reduced
46
Est. −$17.9M
Sold out
6
Est. −$9.16M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    5.4%$10.6M
  2. Fidelity Covington Trust31609A404
    4.6%$9.02M
  3. Vanguard Morningstar Growth ETF922908736
    4.3%$8.34M
  4. SPYSPDR S&P 500 ETF Trust
    3.6%$6.93MHistory
  5. iShares Core S&P 500 ETF464287200
    3.4%$6.61M

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Covington Trust31609A404
    +$9.02MNew
  2. American Centy ETF Tr025072604
    +$6.46MNew
  3. Principal Exchange Traded FD74255Y607
    +$3.37MNew
  4. Fidelity High Dividend ETF316092840
    +$3.19MNew
  5. GOOGAlphabet Inc.
    +$1.58MAddedHistory

Largest weight increases

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

  1. Fidelity Covington Trust31609A404
    +4.64 pp0.0% → 4.6%
  2. American Centy ETF Tr025072604
    +3.32 pp0.0% → 3.3%
  3. Principal Exchange Traded FD74255Y607
    +1.73 pp0.0% → 1.7%
  4. Fidelity High Dividend ETF316092840
    +1.64 pp0.0% → 1.6%
  5. GOOGAlphabet Inc.
    +0.83 pp0.1% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core MSCI Eafe ETF46432F842
    −$9.45MReduced
  2. iShares Core S&P US Value ETF464287663
    −$5.95MSold out
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$5.93MReduced
  4. iShares Tr464288281
    −$1.22MSold out
  5. iShares Core S&P Small Cap ETF464287804
    −$1.06MSold out

Largest weight decreases

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

  1. iShares Core MSCI Eafe ETF46432F842
    −5.25 pp6.1% → 0.9%
  2. iShares Core S&P US Value ETF464287663
    −3.49 pp3.5% → 0.0%
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −2.89 pp3.6% → 0.7%
  4. iShares Tr464288281
    −0.71 pp0.7% → 0.0%
  5. iShares Core S&P Small Cap ETF464287804
    −0.62 pp0.6% → 0.0%

Metrics

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

Portfolio value
$194.3M
+$23.6M (+13.8%) vs. prior quarter
Positions
115
+6 vs. prior quarter
Top 10 concentration
36.0%
Top 10 as share of value
Turnover
14.8%
Q2 2026, one quarter
Average holding period
15.8 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 $194.3M (Q2 2026)

Q1 2021: $105.5MQ2 2021: $112.5MQ3 2021: $112.8MQ4 2021: $122.3MQ1 2022: $113.7MQ2 2022: $97.6MQ3 2022: $91.8MQ4 2022: $106.4MQ1 2023: $107.1MQ2 2023: $118.5MQ3 2023: $117.2MQ4 2023: $130.6MQ1 2024: $139.2MQ2 2024: $143.8MQ3 2024: $154.0MQ4 2024: $151.0MQ1 2025: $148.8MQ2 2025: $161.7MQ3 2025: $172.2MQ4 2025: $173.5MQ1 2026: $170.7MQ2 2026: $194.3M
Q1 2021Q2 2026
13F filings of Defined Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 2026115$194.3MVanguard S&P 500 ETFFidelity Covington TrustVanguard Morningstar Growth ETFvs. Q1 2026SEC
Q1 2026Apr 17, 2026109$170.7MiShares Core MSCI Eafe ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q4 2025SEC
Q4 2025Jan 15, 2026109$173.5MiShares Core MSCI Eafe ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q3 2025SEC
Q3 2025Oct 7, 2025106$172.2MiShares Core MSCI Eafe ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q2 2025SEC
Q2 2025Jul 9, 2025106$161.7MiShares Core MSCI Eafe ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q1 2025SEC
Q1 2025Apr 16, 2025108$148.8MiShares Core MSCI Eafe ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q4 2024SEC
Q4 2024Jan 15, 2025106$151.0MVanguard S&P 500 ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Oct 31, 2024109$154.0MVanguard S&P 500 ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 5, 2024107$143.8MVanguard S&P 500 ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024Apr 15, 2024103$139.2MVanguard S&P 500 ETFiShares Core MSCI Eafe ETFVanguard Morningstar Growth ETFvs. Q4 2023SEC
Q4 2023Jan 9, 202498$130.6MVanguard S&P 500 ETFiShares Core MSCI Eafe ETFVanguard Morningstar Growth ETFvs. Q3 2023SEC
Q3 2023Oct 24, 202399$117.2MiShares Core MSCI Eafe ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Jul 28, 202398$118.5MiShares Core MSCI Eafe ETFVanguard S&P 500 ETFVanguard Morningstar Growth ETFvs. Q1 2023SEC
Q1 2023Apr 21, 202399$107.1MiShares Core MSCI Eafe ETFVanguard S&P 500 ETFVanguard Morningstar Value ETFvs. Q4 2022SEC
Q4 2022Jan 23, 2023103$106.4MiShares Core S&P 500 ETFVanguard Dividend Appreciation ETFiShares Core MSCI Eafe ETFvs. Q3 2022SEC
Q3 2022Oct 13, 202291$91.8MiShares Core S&P 500 ETFVanguard Dividend Appreciation ETFInvesco QQQ Trust Series Ivs. Q2 2022SEC
Q2 2022Jul 25, 202289$97.6MiShares Core S&P 500 ETFVanguard Dividend Appreciation ETFiShares Core MSCI Eafe ETFvs. Q1 2022SEC
Q1 2022Apr 18, 202293$113.7MiShares Core S&P 500 ETFInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFvs. Q4 2021SEC
Q4 2021Jan 19, 202295$122.3MiShares Core S&P 500 ETFInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFvs. Q3 2021SEC
Q3 2021Oct 21, 202191$112.8MiShares Core S&P 500 ETFInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFvs. Q2 2021SEC
Q2 2021Jul 20, 202194$112.5MiShares Core S&P 500 ETFInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFvs. Q1 2021SEC
Q1 2021May 18, 202195$105.5MiShares Core S&P 500 ETFInvesco QQQ Trust Series IVanguard Dividend Appreciation ETF–SEC