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Livermore
Livermore
ZHEN

Topel & Distasi Wealth Management, LLC

SEC CIK
0001880087
Latest filing
Aug 7, 2026

The latest 13F from Topel & Distasi Wealth Management, LLC covers Q2 2026 (filed Aug 7, 2026): 57 long positions worth $207.3M. The top 10 holdings make up 61.5% of the portfolio, and the largest is Vanguard Morningstar Value ETF at 10.2%. Livermore has 19 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
1
Est. +$207.6K
Added
17
Est. +$3.36M
Reduced
29
Est. −$4.82M
Sold out
2
Est. −$2.08M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Value ETF922908744
    10.2%$21.1M
  2. Vanguard Morningstar Growth ETF922908736
    9.7%$20.1M
  3. iShares Core MSCI Eafe ETF46432F842
    7.9%$16.4M
  4. iShares U.S. Treasury Bond ETF46429B267
    7.6%$15.7M
  5. iShares Core S&P Small Cap ETF464287804
    6.0%$12.4M

Share of portfolio

Top 5 holdings and the other 52 positions, by share of portfolio value

  1. Vanguard Morningstar Value ETF10.2%
  2. Vanguard Morningstar Growth ETF9.7%
  3. iShares Core MSCI Eafe ETF7.9%
  4. iShares U.S. Treasury Bond ETF7.6%
  5. iShares Core S&P Small Cap ETF6.0%
  6. Other 52 positions58.7%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares U.S. Treasury Bond ETF46429B267
    +$825.5KAdded
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    +$772.3KAdded
  3. MSFTMicrosoft Corp
    +$495.7KAddedHistory
  4. Vanguard Total International Bond ETF92203J407
    +$393.4KAdded
  5. iShares Russell 2000 ETF464287655
    +$207.6KNew

Largest weight increases

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

  1. MSFTMicrosoft Corp
    +0.23 pp0.1% → 0.3%History
  2. Vanguard World FD921910733
    +0.15 pp1.5% → 1.6%
  3. iShares Tr464288570
    +0.14 pp1.4% → 1.6%
  4. iShares Russell 2000 ETF464287655
    +0.10 pp0.0% → 0.1%
  5. AMZNAmazon Com Inc
    +0.02 pp0.2% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Small-Cap Value ETF922908611
    −$1.20MSold out
  2. DJPBarclays Bank PLC
    −$888.4KSold outHistory
  3. Vanguard Morningstar Value ETF922908744
    −$817.7KReduced
  4. iShares Core S&P Small Cap ETF464287804
    −$732.2KReduced
  5. SPDR Index Shs FDS78463X509
    −$508.0KReduced

Largest weight decreases

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

  1. Vanguard Morningstar Small-Cap Value ETF922908611
    −0.62 pp0.6% → 0.0%
  2. DJPBarclays Bank PLC
    −0.46 pp0.5% → 0.0%History
  3. SPDR Index Shs FDS78463X509
    −0.22 pp0.9% → 0.6%
  4. iShares Core MSCI Eafe ETF46432F842
    −0.14 pp8.1% → 7.9%
  5. AAPLApple Inc.
    −0.14 pp0.5% → 0.4%History

Metrics

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

Portfolio value
$207.3M
+$13.8M (+7.1%) vs. prior quarter
Positions
57
−1 vs. prior quarter
Top 10 concentration
61.5%
Top 10 as share of value
Turnover
1.8%
Q2 2026, one quarter
Average holding period
18.5 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

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

Peak $245.2M (Q4 2021)

Q4 2021: $245.2MQ1 2022: $238.7MQ2 2022: $172.8MQ3 2022: $181.1MQ4 2022: $178.5MQ1 2023: $191.6MQ2 2023: $198.8MQ3 2023: $190.7MQ4 2023: $210.5MQ1 2024: $226.1MQ2 2024: $227.6MQ3 2024: $241.2MQ4 2024: $233.5MQ1 2025: $214.2MQ2 2025: $190.8MQ3 2025: $202.6MQ4 2025: $204.8MQ1 2026: $193.5MQ2 2026: $207.3M
Q4 2021Q2 2026
13F filings of Topel & Distasi Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 202657$207.3MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q1 2026SEC
Q1 2026May 7, 202658$193.5MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Feb 9, 202661$204.8MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q3 2025SEC
Q3 2025Nov 10, 202561$202.6MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Core MSCI Eafe ETFvs. Q2 2025SEC
Q2 2025Aug 7, 202560$190.8MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Core MSCI Eafe ETFvs. Q1 2025SEC
Q1 2025May 9, 202573$214.2MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Jan 31, 202578$233.5MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Nov 12, 202478$241.2MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 9, 202476$227.6MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024May 7, 202475$226.1MVanguard Morningstar Value ETFiShares Core MSCI Eafe ETFVanguard Morningstar Growth ETFvs. Q4 2023SEC
Q4 2023Jan 16, 202472$210.5MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q3 2023SEC
Q3 2023Nov 7, 202370$190.7MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Russell 1000 Growth ETFvs. Q2 2023SEC
Q2 2023Aug 8, 202372$198.8MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Russell 1000 Growth ETFvs. Q1 2023SEC
Q1 2023May 12, 202372$191.6MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Russell 1000 Growth ETFvs. Q4 2022SEC
Q4 2022Feb 1, 202369$178.5MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Ftse Developed Markets ETFvs. Q3 2022SEC
Q3 2022Nov 21, 202270$181.1MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core S&P Small Cap ETFvs. Q2 2022SEC
Q2 2022Aug 5, 202265$172.8MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q1 2022SEC
Q1 2022Apr 21, 202272$238.7MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Eafe ETFvs. Q4 2021SEC
Q4 2021Feb 23, 202274$245.2MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Tr–SEC