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Livermore
Livermore
ZHEN

BG Investment Services, Inc.

SEC CIK
0001873989
Latest filing
Aug 5, 2026

The latest 13F from BG Investment Services, Inc. covers Q2 2026 (filed Aug 5, 2026): 52 long positions worth $138.8M. The top 10 holdings make up 70.7% of the portfolio, and the largest is Fidelity Merrimack STR Tr at 17.3%. Livermore has 12 filings on Form 13F from this institution, going back to Q4 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. +$1.53M
Added
20
Est. +$9.68M
Reduced
25
Est. −$4.24M
Sold out
1
Est. −$326.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. Fidelity Merrimack STR Tr316188309
    17.3%$24.0M
  2. Fidelity Covington Trust316092352
    16.1%$22.4M
  3. iShares Core S&P 500 ETF464287200
    10.1%$14.0M
  4. Fidelity Covington Trust31609A404
    5.6%$7.75M
  5. Fidelity High Dividend ETF316092840
    5.5%$7.59M

Share of portfolio

Top 5 holdings and the other 47 positions, by share of portfolio value

  1. Fidelity Merrimack STR Tr17.3%
  2. Fidelity Covington Trust16.1%
  3. iShares Core S&P 500 ETF10.1%
  4. Fidelity Covington Trust5.6%
  5. Fidelity High Dividend ETF5.5%
  6. Other 47 positions45.4%

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Merrimack STR Tr316188309
    +$2.65MAdded
  2. Fidelity Covington Trust316092352
    +$2.20MAdded
  3. Fidelity Covington Trust31609A404
    +$897.8KAdded
  4. Fidelity Covington Trust316092618
    +$886.3KAdded
  5. Fidelity High Dividend ETF316092840
    +$800.5KAdded

Largest weight increases

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

  1. Fidelity Covington Trust316092352
    +2.61 pp13.5% → 16.1%
  2. Fidelity Covington Trust31609A404
    +0.31 pp5.3% → 5.6%
  3. AMDAdvanced Micro Devices Inc
    +0.30 pp0.0% → 0.3%History
  4. Fidelity High Dividend ETF316092840
    +0.30 pp5.2% → 5.5%
  5. LRCXLam Research Corp
    +0.25 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. J P Morgan Exchange Traded F46641Q332
    −$1.61MReduced
  2. iShares Core S&P 500 ETF464287200
    −$525.7KReduced
  3. MSFTMicrosoft Corp
    −$429.7KReducedHistory
  4. ASMLASML Holding NV
    −$326.7KSold outHistory
  5. TSLATesla, Inc.
    −$325.9KReducedHistory

Largest weight decreases

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

  1. J P Morgan Exchange Traded F46641Q332
    −1.67 pp3.8% → 2.1%
  2. iShares Core MSCI Eafe ETF46432F842
    −0.67 pp5.9% → 5.3%
  3. iShares Core S&P 500 ETF464287200
    −0.43 pp10.5% → 10.1%
  4. MSFTMicrosoft Corp
    −0.42 pp0.9% → 0.4%History
  5. iShares Tr464288646
    −0.36 pp2.5% → 2.1%

Metrics

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

Portfolio value
$138.8M
+$18.4M (+15.2%) vs. prior quarter
Positions
52
+4 vs. prior quarter
Top 10 concentration
70.7%
Top 10 as share of value
Turnover
3.5%
Q2 2026, one quarter
Average holding period
6.7 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

12 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $138.8M (Q2 2026)

Q4 2021: $110.9MQ1 2022: $102.2MQ2 2022: $90.7MQ3 2022: $82.2MQ4 2022: $91.7MQ4 2024: $99.3MQ1 2025: $92.8MQ2 2025: $80.0MQ3 2025: $101.4MQ4 2025: $112.2MQ1 2026: $120.5MQ2 2026: $138.8M
Q4 2021Q2 2026
13F filings of BG Investment Services, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 202652$138.8MFidelity Merrimack STR TrFidelity Covington TrustiShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026May 8, 202648$120.5MFidelity Merrimack STR TrFidelity Covington TrustiShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025Feb 5, 202645$112.2MFidelity Merrimack STR TrFidelity Covington TrustiShares Core S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 31, 202545$101.4MFidelity Merrimack STR TriShares Core S&P 500 ETFFidelity Covington Trustvs. Q2 2025SEC
Q2 2025Jul 30, 202541$80.0MiShares Core S&P 500 ETFFidelity Merrimack STR TrFidelity Covington Trustvs. Q1 2025SEC
Q1 2025May 6, 202535$92.8MiShares Core S&P 500 ETFFidelity Merrimack STR TriShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Feb 12, 202529$99.3MiShares Core S&P 500 ETFFidelity Merrimack STR TriShares Core MSCI Eafe ETF–SEC
Q4 2022Feb 10, 202311$91.7MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core U.S. Aggregate Bond ETFvs. Q3 2022SEC
Q3 2022Oct 24, 202211$82.2MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core U.S. Aggregate Bond ETFvs. Q2 2022SEC
Q2 2022Jul 15, 202212$90.7MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core U.S. Aggregate Bond ETFvs. Q1 2022SEC
Q1 2022Apr 29, 202211$102.2MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core U.S. Aggregate Bond ETFvs. Q4 2021SEC
Q4 2021Feb 10, 20228$110.9MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core U.S. Aggregate Bond ETF–SEC