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Livermore
Livermore
ZHEN

Schaeffer Financial LLC

SEC CIK
0001898838
Latest filing
Aug 3, 2026

The latest 13F from Schaeffer Financial LLC covers Q2 2026 (filed Aug 3, 2026): 27 long positions worth $129.3M. The top 10 holdings make up 95.2% of the portfolio, and the largest is iShares Tr at 27.3%. Livermore has 15 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
3
Est. +$751.3K
Added
12
Est. +$2.83M
Reduced
6
Est. −$2.27M
Sold out
1
Est. −$1.08M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr464288646
    27.3%$35.3M
  2. Schwab U.S. Broad Market ETF808524102
    20.3%$26.2M
  3. SPDR Index Shs FDS78463X475
    15.0%$19.4M
  4. Schwab US Dividend Equity ETF808524797
    11.8%$15.3M
  5. Schwab U.S. Large-Cap Growth ETF808524300
    11.5%$14.9M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288646
    +$1.30MAdded
  2. Schwab US Dividend Equity ETF808524797
    +$669.0KAdded
  3. Schwab U.S. Mid-Cap ETF808524508
    +$322.2KAdded
  4. Schwab Strategic Tr808524698
    +$289.5KNew
  5. Schwab U.S. Large-Cap Growth ETF808524300
    +$273.5KAdded

Largest weight increases

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

  1. Schwab U.S. Broad Market ETF808524102
    +1.20 pp19.1% → 20.3%
  2. Schwab U.S. Large-Cap Growth ETF808524300
    +0.93 pp10.6% → 11.5%
  3. Schwab U.S. Mid-Cap ETF808524508
    +0.58 pp3.5% → 4.1%
  4. Schwab Strategic Tr808524698
    +0.22 pp0.0% → 0.2%
  5. Invesco QQQ Trust Series I46090E103
    +0.19 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Index Shs FDS78463X475
    −$2.08MReduced
  2. XOMExxonMobil Holdings Corp
    −$1.08MSold outHistory
  3. Invesco Exch Traded FD Tr II46138E354
    −$54.8KReduced
  4. Vanguard World FD921910873
    −$45.1KReduced
  5. Vanguard Dividend Appreciation ETF921908844
    −$39.8KReduced

Largest weight decreases

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

  1. SPDR Index Shs FDS78463X475
    −0.97 pp16.0% → 15.0%
  2. XOMExxonMobil Holdings Corp
    −0.91 pp0.9% → 0.0%History
  3. Invesco Exch Traded FD Tr II46138E354
    −0.17 pp2.2% → 2.1%
  4. Vanguard Dividend Appreciation ETF921908844
    −0.02 pp0.6% → 0.6%
  5. Vanguard World FD921910873
    −0.02 pp0.2% → 0.2%

Metrics

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

Portfolio value
$129.3M
+$10.5M (+8.8%) vs. prior quarter
Positions
27
+2 vs. prior quarter
Top 10 concentration
95.2%
Top 10 as share of value
Turnover
2.7%
Q2 2026, one quarter
Average holding period
10.7 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

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

Peak $129.3M (Q2 2026)

Q4 2021: $79.0MQ1 2022: $74.1MQ2 2022: $61.6MQ3 2022: $53.8MQ4 2023: $94.4MQ1 2024: $100.4MQ2 2024: $92.1MQ3 2024: $98.4MQ4 2024: $100.3MQ1 2025: $90.6MQ2 2025: $102.4MQ3 2025: $110.3MQ4 2025: $114.6MQ1 2026: $118.8MQ2 2026: $129.3M
Q4 2021Q2 2026
13F filings of Schaeffer Financial LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 202627$129.3MiShares TrSchwab U.S. Broad Market ETFSPDR Index Shs FDSvs. Q1 2026SEC
Q1 2026Apr 27, 202625$118.8MiShares TrSchwab U.S. Broad Market ETFSPDR Index Shs FDSvs. Q4 2025SEC
Q4 2025Jan 30, 202621$114.6MiShares TrSchwab U.S. Broad Market ETFSPDR Index Shs FDSvs. Q3 2025SEC
Q3 2025Nov 3, 202520$110.3MSchwab U.S. Broad Market ETFiShares TrSPDR Index Shs FDSvs. Q2 2025SEC
Q2 2025Jul 18, 202518$102.4MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFiShares Trvs. Q1 2025SEC
Q1 2025May 7, 202515$90.6MSchwab US Dividend Equity ETFSchwab U.S. Broad Market ETFiShares Trvs. Q4 2024SEC
Q4 2024Feb 3, 202519$100.3MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFiShares Trvs. Q3 2024SEC
Q3 2024Oct 30, 202415$98.4MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFiShares Trvs. Q2 2024SEC
Q2 2024Jul 26, 202416$92.1MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFiShares Trvs. Q1 2024SEC
Q1 2024May 1, 202418$100.4MSchwab US Dividend Equity ETFSchwab U.S. Broad Market ETFiShares Trvs. Q4 2023SEC
Q4 2023Feb 9, 202418$94.4MSchwab US Dividend Equity ETFSchwab U.S. Broad Market ETFiShares Tr–SEC
Q3 2022Nov 3, 202211$53.8MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFSPDR Index Shs FDSvs. Q2 2022SEC
Q2 2022Aug 3, 202211$61.6MVanguard Scottsdale FDSSchwab U.S. Broad Market ETFSPDR Index Shs FDSvs. Q1 2022SEC
Q1 2022May 12, 202211$74.1MVanguard Scottsdale FDSSchwab U.S. Broad Market ETFSPDR Index Shs FDSvs. Q4 2021SEC
Q4 2021Feb 7, 202212$79.0MVanguard Scottsdale FDSSchwab U.S. Broad Market ETFSPDR Index Shs FDS–SEC