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Livermore
Livermore
ZHEN

Buttonwood Financial Advisors Inc.

SEC CIK
0001904033
Latest filing
Jul 13, 2026

The latest 13F from Buttonwood Financial Advisors Inc. covers Q2 2026 (filed Jul 13, 2026): 110 long positions worth $328.7M. The top 10 holdings make up 46.9% of the portfolio, and the largest is VanEck Morningstar Wide Moat ETF at 8.6%. 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
4
Est. +$2.05M
Added
20
Est. +$8.19M
Reduced
70
Est. −$8.50M
Sold out
2
Est. −$428.6K

Top 5 holdings

Share of this quarter's portfolio value

  1. VanEck Morningstar Wide Moat ETF92189F643
    8.6%$28.2M
  2. GOOGLAlphabet Inc.
    6.7%$22.0MHistory
  3. Fidelity Merrimack STR Tr316188309
    5.9%$19.4M
  4. Fidelity MSCI Health Care Index ETF316092600
    4.7%$15.5M
  5. Vanguard Whitehall FDS921946810
    3.9%$12.8M

Share of portfolio

Top 5 holdings and the other 105 positions, by share of portfolio value

  1. VanEck Morningstar Wide Moat ETF8.6%
  2. GOOGL6.7%
  3. Fidelity Merrimack STR Tr5.9%
  4. Fidelity MSCI Health Care Index ETF4.7%
  5. Vanguard Whitehall FDS3.9%
  6. Other 105 positions70.2%

Biggest buys

New and added positions, by estimated amount bought

  1. MSFTMicrosoft Corp
    +$1.64MAddedHistory
  2. MAMastercard Inc
    +$1.27MNewHistory
  3. CSGPCostar Group, Inc.
    +$1.11MAddedHistory
  4. NOWServiceNow, Inc.
    +$1.11MAddedHistory
  5. Fidelity Merrimack STR Tr316188309
    +$879.0KAdded

Largest weight increases

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

  1. MAMastercard Inc
    +0.39 pp0.0% → 0.4%History
  2. MSFTMicrosoft Corp
    +0.22 pp3.3% → 3.5%History
  3. NOWServiceNow, Inc.
    +0.20 pp1.0% → 1.2%History
  4. Vanguard Whitehall FDS921946810
    +0.12 pp3.8% → 3.9%
  5. AMDAdvanced Micro Devices Inc
    +0.09 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46432F859
    −$1.78MReduced
  2. SBUXStarbucks Corp
    −$975.5KReducedHistory
  3. TERTeradyne, Inc
    −$956.5KReducedHistory
  4. GOOGLAlphabet Inc.
    −$741.2KReducedHistory
  5. AMATApplied Materials Inc
    −$639.8KReducedHistory

Largest weight decreases

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

  1. iShares Tr46432F859
    −1.00 pp4.8% → 3.8%
  2. CNQCanadian Natural Resources Ltd
    −0.51 pp1.8% → 1.3%History
  3. XOMExxonMobil Holdings Corp
    −0.47 pp1.6% → 1.1%History
  4. METAMeta Platforms, Inc.
    −0.31 pp2.8% → 2.5%History
  5. VanEck Morningstar Wide Moat ETF92189F643
    −0.30 pp8.9% → 8.6%

Metrics

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

Portfolio value
$328.7M
+$29.9M (+10.0%) vs. prior quarter
Positions
110
+2 vs. prior quarter
Top 10 concentration
46.9%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
15.4 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 $328.7M (Q2 2026)

Q4 2021: $102.3MQ1 2022: $110.9MQ2 2022: $110.9MQ3 2022: $110.9MQ4 2022: $118.8MQ1 2023: $128.9MQ2 2023: $159.6MQ3 2023: $157.8MQ4 2023: $183.5MQ1 2024: $212.7MQ2 2024: $211.9MQ3 2024: $229.3MQ4 2024: $227.5MQ1 2025: $227.5MQ2 2025: $249.1MQ3 2025: $290.5MQ4 2025: $300.0MQ1 2026: $298.8MQ2 2026: $328.7M
Q4 2021Q2 2026
13F filings of Buttonwood Financial Advisors Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 13, 2026110$328.7MVanEck Morningstar Wide Moat ETFGOOGLFidelity Merrimack STR Trvs. Q1 2026SEC
Q1 2026Apr 21, 2026108$298.8MVanEck Morningstar Wide Moat ETFFidelity Merrimack STR TrGOOGLvs. Q4 2025SEC
Q4 2025Feb 4, 2026104$300.0MVanEck Morningstar Wide Moat ETFGOOGLFidelity Merrimack STR Trvs. Q3 2025SEC
Q3 2025Oct 21, 2025103$290.5MVanEck Morningstar Wide Moat ETFGOOGLFidelity Merrimack STR Trvs. Q2 2025SEC
Q2 2025Jul 15, 202599$249.1MVanEck Morningstar Wide Moat ETFMSFTFidelity Merrimack STR Trvs. Q1 2025SEC
Q1 2025Apr 25, 202596$227.5MVanEck Morningstar Wide Moat ETFFidelity Merrimack STR TrFidelity MSCI Health Care Index ETFvs. Q4 2024SEC
Q4 2024Jan 22, 202597$227.5MVanEck Morningstar Wide Moat ETFGOOGLFidelity MSCI Health Care Index ETFvs. Q3 2024SEC
Q3 2024Oct 28, 202496$229.3MVanEck Morningstar Wide Moat ETFFidelity MSCI Health Care Index ETFMSFTvs. Q2 2024SEC
Q2 2024Aug 8, 202499$211.9MVanEck Morningstar Wide Moat ETFMSFTFidelity MSCI Health Care Index ETFvs. Q1 2024SEC
Q1 2024Apr 24, 2024103$212.7MVanEck Morningstar Wide Moat ETFMSFTFidelity MSCI Health Care Index ETFvs. Q4 2023SEC
Q4 2023Jan 22, 202499$183.5MVanEck Morningstar Wide Moat ETFMSFTFidelity MSCI Health Care Index ETFvs. Q3 2023SEC
Q3 2023Oct 16, 202399$157.8MVanEck Morningstar Wide Moat ETFMSFTFidelity MSCI Health Care Index ETFvs. Q2 2023SEC
Q2 2023Jul 10, 202397$159.6MiShares TrVanEck Morningstar Wide Moat ETFMSFTvs. Q1 2023SEC
Q1 2023Apr 10, 202371$128.9MiShares TrVanEck Morningstar Wide Moat ETFMSFTvs. Q4 2022SEC
Q4 2022Jan 13, 202371$118.8MiShares TrFidelity MSCI Health Care Index ETFVanEck Morningstar Wide Moat ETFvs. Q3 2022SEC
Q3 2022Oct 14, 202271$110.9MiShares TrFidelity MSCI Health Care Index ETFMSFTvs. Q2 2022SEC
Q2 2022Jul 7, 202271$110.9MiShares TrFidelity MSCI Health Care Index ETFMSFTvs. Q1 2022SEC
Q1 2022Apr 18, 202268$110.9MiShares TrFidelity MSCI Health Care Index ETFMSFTvs. Q4 2021SEC
Q4 2021Jan 27, 202250$102.3MiShares TrFidelity MSCI Health Care Index ETFGOOGL–SEC