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Livermore
Livermore
ZHEN

GPWM LLC

SEC CIK
0001905162
Latest filing
Jul 2, 2026

The latest 13F from GPWM LLC covers Q2 2026 (filed Jul 2, 2026): 20 long positions worth $191.3M. The top 10 holdings make up 90.0% of the portfolio, and the largest is Vanguard Ftse Developed Markets ETF at 11.9%. 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
0
Added
14
Est. +$2.55M
Reduced
0
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Ftse Developed Markets ETF921943858
    11.9%$22.8M
  2. Vanguard Total Bond Market ETF921937835
    11.9%$22.7M
  3. Vanguard Mun BD FDS922907746
    11.8%$22.6M
  4. Vanguard Morningstar Large-Cap ETF922908637
    11.7%$22.3M
  5. Vanguard Morningstar Small-Cap ETF922908751
    9.2%$17.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Mun BD FDS922907746
    +$467.3KAdded
  2. Vanguard Malvern FDS922020805
    +$306.7KAdded
  3. Vanguard Ftse Developed Markets ETF921943858
    +$259.2KAdded
  4. Vanguard Morningstar Large-Cap ETF922908637
    +$235.6KAdded
  5. Vanguard Morningstar Small-Cap ETF922908751
    +$180.1KAdded

Largest weight increases

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

  1. Vanguard Morningstar Large-Cap ETF922908637
    +0.77 pp10.9% → 11.7%
  2. Vanguard Morningstar Small-Cap ETF922908751
    +0.65 pp8.5% → 9.2%
  3. Vanguard Ftse Developed Markets ETF921943858
    +0.40 pp11.5% → 11.9%
  4. Vanguard Morningstar Value ETF922908744
    +0.19 pp5.8% → 6.0%
  5. Vanguard Morningstar Small-Cap Value ETF922908611
    +0.18 pp4.2% → 4.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

None this quarter.

Largest weight decreases

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

None this quarter.

Metrics

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

Portfolio value
$191.3M
+$15.2M (+8.7%) vs. prior quarter
Positions
20
0 vs. prior quarter
Top 10 concentration
90.0%
Top 10 as share of value
Turnover
0.0%
Q2 2026, one quarter
Average holding period
18.7 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

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

Peak $191.3M (Q2 2026)

Q4 2021: $119.6MQ1 2022: $120.6MQ2 2022: $110.2MQ3 2022: $105.3MQ4 2022: $111.8MQ1 2023: $115.8MQ2 2023: $118.5MQ3 2023: $117.0MQ4 2023: $124.7MQ1 2024: $124.9MQ2 2024: $127.8MQ3 2024: $140.7MQ4 2024: $144.0MQ1 2025: $149.0MQ2 2025: $156.9MQ3 2025: $164.1MQ4 2025: $172.5MQ1 2026: $176.1MQ2 2026: $191.3M
Q4 2021Q2 2026
13F filings of GPWM LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 2, 202620$191.3MVanguard Ftse Developed Markets ETFVanguard Total Bond Market ETFVanguard Mun BD FDSvs. Q1 2026SEC
Q1 2026Apr 6, 202620$176.1MVanguard Total Bond Market ETFVanguard Mun BD FDSVanguard Ftse Developed Markets ETFvs. Q4 2025SEC
Q4 2025Jan 21, 202621$172.5MVanguard Ftse Developed Markets ETFVanguard Total Bond Market ETFVanguard Mun BD FDSvs. Q3 2025SEC
Q3 2025Oct 7, 202520$164.1MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFVanguard Mun BD FDSvs. Q2 2025SEC
Q2 2025Jul 15, 202520$156.9MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFVanguard Mun BD FDSvs. Q1 2025SEC
Q1 2025Apr 22, 202520$149.0MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFVanguard Mun BD FDSvs. Q4 2024SEC
Q4 2024Jan 13, 202532$144.0MVanguard Total Bond Market ETFVanguard Morningstar Large-Cap ETFVanguard Mun BD FDSvs. Q3 2024SEC
Q3 2024Oct 25, 202420$140.7MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFVanguard Mun BD FDSvs. Q2 2024SEC
Q2 2024Jul 10, 202420$127.8MVanguard Total Bond Market ETFVanguard Mun BD FDSVanguard Ftse Developed Markets ETFvs. Q1 2024SEC
Q1 2024Apr 24, 202420$124.9MVanguard Total Bond Market ETFVanguard Mun BD FDSVanguard Ftse Developed Markets ETFvs. Q4 2023SEC
Q4 2023Feb 1, 202421$124.7MVanguard Ftse Developed Markets ETFVanguard Total Bond Market ETFVanguard Morningstar Large-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 11, 202320$117.0MVanguard Mun BD FDSVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFvs. Q2 2023SEC
Q2 2023Jul 25, 202320$118.5MVanguard Mun BD FDSVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFvs. Q1 2023SEC
Q1 2023Apr 11, 202320$115.8MVanguard Mun BD FDSVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFvs. Q4 2022SEC
Q4 2022Jan 20, 202324$111.8MVanguard Intermediate-Term Bond ETFVanguard Ftse Developed Markets ETFVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Oct 11, 202221$105.3MVanguard Mun BD FDSVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFvs. Q2 2022SEC
Q2 2022Jul 18, 202221$110.2MVanguard Mun BD FDSVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFvs. Q1 2022SEC
Q1 2022Apr 7, 202221$120.6MVanguard Mun BD FDSVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFvs. Q4 2021SEC
Q4 2021Feb 2, 202221$119.6MVanguard Mun BD FDSVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETF–SEC