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Livermore
Livermore
ZHEN

Strategic Financial Concepts, LLC

SEC CIK
0001870686
Latest filing
Jul 27, 2026

The latest 13F from Strategic Financial Concepts, LLC covers Q2 2026 (filed Jul 27, 2026): 239 long positions worth $336.2M. The top 10 holdings make up 31.4% of the portfolio, and the largest is Vanguard Dividend Appreciation ETF at 4.9%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2023.

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
28
Est. +$18.1M
Added
70
Est. +$25.8M
Reduced
131
Est. −$102.9M
Sold out
87
Est. −$40.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Dividend Appreciation ETF921908844
    4.9%$16.4M
  2. VanEck ETF Trust92189F486
    4.0%$13.5M
  3. T Rowe Price Exchange-Traded87283Q701
    3.5%$11.8M
  4. Vanguard Morningstar Total Stock Market ETF922908769
    3.5%$11.7M
  5. J P Morgan Exchange Traded F46654Q609
    3.4%$11.3M

Share of portfolio

Top 5 holdings and the other 234 positions, by share of portfolio value

  1. Vanguard Dividend Appreciation ETF4.9%
  2. VanEck ETF Trust4.0%
  3. T Rowe Price Exchange-Traded3.5%
  4. Vanguard Morningstar Total Stock Market ETF3.5%
  5. J P Morgan Exchange Traded F3.4%
  6. Other 234 positions80.8%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46434V803
    +$3.94MAdded
  2. iShares Tr46436E403
    +$3.11MAdded
  3. iShares Tr464287515
    +$3.00MNew
  4. J P Morgan Exchange Traded F46654Q609
    +$2.82MAdded
  5. Invesco Exch Traded FD Tr II46138E362
    +$2.76MNew

Largest weight increases

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

  1. J P Morgan Exchange Traded F46654Q609
    +1.57 pp1.8% → 3.4%
  2. iShares Tr46434V803
    +1.46 pp0.8% → 2.3%
  3. iShares Tr46436E403
    +1.03 pp0.3% → 1.3%
  4. Vanguard Morningstar Total Stock Market ETF922908769
    +0.98 pp2.5% → 3.5%
  5. iShares Tr464287515
    +0.89 pp0.0% → 0.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$7.20MReduced
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$6.74MReduced
  3. iShares Tr464288653
    −$5.65MReduced
  4. BlackRock ETF Trust09290C103
    −$5.32MReduced
  5. iShares Tr464287119
    −$5.19MReduced

Largest weight decreases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −1.78 pp2.7% → 1.0%
  2. iShares Core S&P 500 ETF464287200
    −1.38 pp2.2% → 0.8%
  3. iShares Tr464288653
    −1.34 pp1.7% → 0.4%
  4. BlackRock ETF Trust09290C103
    −1.01 pp1.4% → 0.4%
  5. iShares Tr464287119
    −0.96 pp1.2% → 0.3%

Metrics

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

Portfolio value
$336.2M
−$69.3M (−17.1%) vs. prior quarter
Positions
239
−59 vs. prior quarter
Top 10 concentration
31.4%
Top 10 as share of value
Turnover
11.9%
Q2 2026, one quarter
Average holding period
5.9 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 2023), so positions held before then are understated.

13F filings by quarter

14 quarters, going back to Q1 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $27.9B (Q2 2024)

Q1 2023: $247.9MQ2 2023: $271.3MQ3 2023: $296.1MQ4 2023: $168.7MQ1 2024: $415.1MQ2 2024: $27.9BQ3 2024: $314.0MQ4 2024: $521.4MQ1 2025: $533.2MQ2 2025: $710.9MQ3 2025: $688.1MQ4 2025: $109.4MQ1 2026: $405.5MQ2 2026: $336.2M
Q1 2023Q2 2026
13F filings of Strategic Financial Concepts, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 2026239$336.2MVanguard Dividend Appreciation ETFVanEck ETF TrustT Rowe Price Exchange-Tradedvs. Q1 2026SEC
Q1 2026May 13, 2026298$405.5MVanguard Dividend Appreciation ETFT Rowe Price Exchange-TradedVanEck ETF Trustvs. Q4 2025SEC
Q4 2025Feb 9, 2026126$109.4MiShares Core S&P 500 ETFiShares TrBlackRock ETF Trustvs. Q3 2025SEC
Q3 2025Nov 13, 2025266$688.1MState Street SPDR Portfolio S&P 500 Growth ETFSPDR Series TrustState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2025SEC
Q2 2025Aug 5, 2025279$710.9MState Street SPDR Portfolio S&P 500 Growth ETFSPDR Series TrustState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2025SEC
Q1 2025Apr 28, 2025336$533.2MAmerican Centy ETF TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFInvesco Exchange Traded FD Tvs. Q4 2024SEC
Q4 2024Jan 30, 2025Amended330$521.4MAmerican Centy ETF TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFAAPLvs. Q3 2024SEC
Q3 2024Nov 12, 2024244$314.0MAmerican Centy ETF TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFT Rowe Price Exchange-Tradedvs. Q2 2024SEC
Q2 2024Aug 6, 2024770$27.9BInvesco QQQ Trust Series IAAPLVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024Apr 22, 2024313$415.1MState Street SPDR Bloomberg 1-3 Month T-Bill ETFAmerican Centy ETF TrVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 18, 2024147$168.7MPGiShares Core U.S. Aggregate Bond ETFInvesco Exchange Traded FD Tvs. Q3 2023SEC
Q3 2023Nov 8, 2023267$296.1MAAPLState Street SPDR Bloomberg 1-3 Month T-Bill ETFPGvs. Q2 2023SEC
Q2 2023Sep 7, 2023254$271.3MAAPLPGTSLAvs. Q1 2023SEC
Q1 2023Sep 7, 2023241$247.9MAAPLPGVanguard Total Bond Market ETF–SEC