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Livermore
Livermore
ZHEN

Morling Financial Advisors, LLC

SEC CIK
0001905198
Latest filing
Aug 6, 2026

The latest 13F from Morling Financial Advisors, LLC covers Q2 2026 (filed Aug 6, 2026): 122 long positions worth $359.0M. The top 10 holdings make up 76.1% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 13.5%. 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
21
Est. +$2.54M
Added
42
Est. +$6.48M
Reduced
29
Est. −$3.18M
Sold out
6
Est. −$901.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    13.5%$48.6M
  2. Ssga Active ETF Tr78467V848
    12.6%$45.3M
  3. TCW ETF Trust29287L700
    9.0%$32.1M
  4. Vanguard Scottsdale FDS92206C102
    8.6%$31.0M
  5. Dimensional Emerging Core Equity Market ETF25434V302
    8.3%$29.6M

Share of portfolio

Top 5 holdings and the other 117 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF13.5%
  2. Ssga Active ETF Tr12.6%
  3. TCW ETF Trust9.0%
  4. Vanguard Scottsdale FDS8.6%
  5. Dimensional Emerging Core Equity Market ETF8.3%
  6. Other 117 positions48.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Ssga Active ETF Tr78467V848
    +$1.79MAdded
  2. Vanguard Scottsdale FDS92206C102
    +$1.10MAdded
  3. TCW ETF Trust29287L700
    +$1.02MAdded
  4. Vanguard Morningstar Total Stock Market ETF922908769
    +$840.4KAdded
  5. Vanguard Scottsdale FDS92206C706
    +$378.2KAdded

Largest weight increases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +0.77 pp12.8% → 13.5%
  2. Dimensional ETF Trust25434V104
    +0.29 pp7.5% → 7.8%
  3. iShares Core MSCI Emerging Markets ETF46434G103
    +0.13 pp1.4% → 1.6%
  4. CRWDCrowdStrike Holdings, Inc.
    +0.10 pp0.1% → 0.2%History
  5. DELLDell Technologies Inc.
    +0.09 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional Emerging Core Equity Market ETF25434V302
    −$1.31MReduced
  2. AMDAdvanced Micro Devices Inc
    −$345.6KReducedHistory
  3. GOOGLAlphabet Inc.
    −$290.5KReducedHistory
  4. iShares Tr46436E718
    −$287.0KSold out
  5. NVDANVIDIA Corp
    −$235.9KReducedHistory

Largest weight decreases

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

  1. iShares Tr46436E718
    −0.09 pp0.1% → 0.0%
  2. CRMSalesforce, Inc.
    −0.07 pp0.1% → 0.0%History
  3. RGLDRoyal Gold Inc
    −0.06 pp0.1% → 0.0%History
  4. NVDANVIDIA Corp
    −0.04 pp0.7% → 0.7%History
  5. iShares Tr46436E338
    −0.04 pp<0.1% → 0.0%

Metrics

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

Portfolio value
$359.0M
+$34.6M (+10.7%) vs. prior quarter
Positions
122
+15 vs. prior quarter
Top 10 concentration
76.1%
Top 10 as share of value
Turnover
1.2%
Q2 2026, one quarter
Average holding period
13.7 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 $359.0M (Q2 2026)

Q4 2021: $103.7MQ1 2022: $78.8MQ2 2022: $76.4MQ3 2022: $73.4MQ4 2022: $78.2MQ1 2023: $92.6MQ2 2023: $103.9MQ3 2023: $100.8MQ4 2023: $123.8MQ1 2024: $174.9MQ2 2024: $229.4MQ3 2024: $262.4MQ4 2024: $286.8MQ1 2025: $290.3MQ2 2025: $305.0MQ3 2025: $301.3MQ4 2025: $317.1MQ1 2026: $324.4MQ2 2026: $359.0M
Q4 2021Q2 2026
13F filings of Morling Financial Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 2026122$359.0MVanguard Morningstar Total Stock Market ETFSsga Active ETF TrTCW ETF Trustvs. Q1 2026SEC
Q1 2026May 6, 2026107$324.4MSsga Active ETF TrVanguard Morningstar Total Stock Market ETFTCW ETF Trustvs. Q4 2025SEC
Q4 2025Feb 6, 2026102$317.1MVanguard Morningstar Total Stock Market ETFSsga Active ETF TrTCW ETF Trustvs. Q3 2025SEC
Q3 2025Nov 4, 2025104$301.3MVanguard Morningstar Total Stock Market ETFSsga Active ETF TrTCW ETF Trustvs. Q2 2025SEC
Q2 2025Aug 11, 2025101$305.0MSsga Active ETF TrVanguard Morningstar Total Stock Market ETFTCW ETF Trustvs. Q1 2025SEC
Q1 2025May 6, 2025120$290.3MSsga Active ETF TrFirst Tr Exchng Traded FD VIVanguard Morningstar Total Stock Market ETFvs. Q4 2024SEC
Q4 2024Feb 7, 2025121$286.8MSsga Active ETF TrVanguard Morningstar Total Stock Market ETFFirst Tr Exchng Traded FD VIvs. Q3 2024SEC
Q3 2024Oct 18, 2024100$262.4MSsga Active ETF TrFirst Tr Exchng Traded FD VIVanguard Morningstar Total Stock Market ETFvs. Q2 2024SEC
Q2 2024Aug 7, 202490$229.4MSsga Active ETF TrVanguard Morningstar Total Stock Market ETFFirst Tr Exchng Traded FD VIvs. Q1 2024SEC
Q1 2024May 13, 2024104$174.9MVanguard Morningstar Total Stock Market ETFCOINDimensional ETF Trustvs. Q4 2023SEC
Q4 2023Feb 2, 202480$123.8MVanguard Morningstar Total Stock Market ETFCOINDimensional Emerging Core Equity Market ETFvs. Q3 2023SEC
Q3 2023Nov 8, 202372$100.8MVanguard Morningstar Total Stock Market ETFSchwab U.S. Large-Cap ETFDimensional Emerging Core Equity Market ETFvs. Q2 2023SEC
Q2 2023Jul 28, 202375$103.9MVanguard Morningstar Total Stock Market ETFAAPLSchwab U.S. Large-Cap ETFvs. Q1 2023SEC
Q1 2023May 2, 202384$92.6MVanguard Morningstar Total Stock Market ETFSchwab U.S. Large-Cap ETFAAPLvs. Q4 2022SEC
Q4 2022Feb 3, 202374$78.2MVanguard Morningstar Total Stock Market ETFSchwab U.S. Large-Cap ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2022SEC
Q3 2022Nov 1, 202269$73.4MSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETFCOINvs. Q2 2022SEC
Q2 2022Aug 1, 202273$76.4MSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 6, 202280$78.8MSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 4, 202278$103.7MCOINSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETF–SEC