Skip to main content
Livermore
Livermore
ZHEN

TrueWealth Financial Partners

SEC CIK
0001908108
Latest filing
Aug 13, 2026

The latest 13F from TrueWealth Financial Partners covers Q2 2026 (filed Aug 13, 2026): 28 long positions worth $242.0M. The top 10 holdings make up 79.9% of the portfolio, and the largest is Vanguard S&P 500 ETF at 22.6%. 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
0
Added
12
Est. +$2.92M
Reduced
12
Est. −$12.9M
Sold out
38
Est. −$15.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    22.6%$54.7M
  2. Vanguard Morningstar Small-Cap Value ETF922908611
    9.6%$23.3M
  3. Vanguard Ftse Developed Markets ETF921943858
    8.6%$20.7M
  4. Vanguard Ftse Emerging Markets ETF922042858
    6.6%$16.0M
  5. Vanguard Scottsdale FDS92206C102
    6.6%$15.9M

Share of portfolio

Top 5 holdings and the other 23 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF22.6%
  2. Vanguard Morningstar Small-Cap Value ETF9.6%
  3. Vanguard Ftse Developed Markets ETF8.6%
  4. Vanguard Ftse Emerging Markets ETF6.6%
  5. Vanguard Scottsdale FDS6.6%
  6. Other 23 positions46.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Scottsdale FDS92206C102
    +$733.4KAdded
  2. Vanguard Total Bond Market ETF921937835
    +$722.6KAdded
  3. Vanguard Ftse Developed Markets ETF921943858
    +$322.1KAdded
  4. Vanguard Morningstar Small-Cap Value ETF922908611
    +$259.0KAdded
  5. Vanguard Consumer Staples ETF92204A207
    +$242.0KAdded

Largest weight increases

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

  1. Vanguard S&P 500 ETF922908363
    +3.69 pp18.9% → 22.6%
  2. Vanguard Morningstar Small-Cap Value ETF922908611
    +1.42 pp8.2% → 9.6%
  3. Vanguard Ftse Developed Markets ETF921943858
    +1.25 pp7.3% → 8.6%
  4. Vanguard Ftse Emerging Markets ETF922042858
    +0.87 pp5.7% → 6.6%
  5. Vanguard Health Care ETF92204A504
    +0.63 pp4.0% → 4.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMZNAmazon Com Inc
    −$4.78MReducedHistory
  2. AAPLApple Inc.
    −$3.87MReducedHistory
  3. MSFTMicrosoft Corp
    −$2.63MReducedHistory
  4. iShares Core MSCI Eafe ETF46432F842
    −$1.05MSold out
  5. GOOGLAlphabet Inc.
    −$891.1KSold outHistory

Largest weight decreases

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

  1. AMZNAmazon Com Inc
    −1.59 pp2.1% → 0.5%History
  2. AAPLApple Inc.
    −1.32 pp1.5% → 0.2%History
  3. MSFTMicrosoft Corp
    −0.81 pp6.1% → 5.3%History
  4. Vanguard Energy ETF92204A306
    −0.59 pp5.9% → 5.3%
  5. iShares Core MSCI Eafe ETF46432F842
    −0.42 pp0.4% → 0.0%

Metrics

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

Portfolio value
$242.0M
−$8.88M (−3.5%) vs. prior quarter
Positions
28
−38 vs. prior quarter
Top 10 concentration
79.9%
Top 10 as share of value
Turnover
1.2%
Q2 2026, one quarter
Average holding period
2.6 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 $250.9M (Q1 2026)

Q4 2021: $102.3MQ1 2022: $104.0MQ2 2022: $95.4MQ3 2022: $92.1MQ4 2022: $103.1MQ1 2023: $116.0MQ2 2023: $120.9MQ3 2023: $121.6MQ4 2023: $131.6MQ1 2024: $142.5MQ2 2024: $154.9MQ3 2024: $166.1MQ4 2024: $161.2MQ1 2025: $165.6MQ2 2025: $181.3MQ3 2025: $196.0MQ4 2025: $121.1MQ1 2026: $250.9MQ2 2026: $242.0M
Q4 2021Q2 2026
13F filings of TrueWealth Financial Partners by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202628$242.0MVanguard S&P 500 ETFVanguard Morningstar Small-Cap Value ETFVanguard Ftse Developed Markets ETFvs. Q1 2026SEC
Q1 2026May 20, 202666$250.9MVanguard S&P 500 ETFVanguard Morningstar Small-Cap Value ETFVanguard Ftse Developed Markets ETFvs. Q4 2025SEC
Q4 2025Feb 5, 202650$121.1MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFFirst Tr Exch Traded FD IIIDimensional World Ex U.S. Core Equity 2 ETFvs. Q3 2025SEC
Q3 2025Nov 21, 202525$196.0MVanguard S&P 500 ETFVanguard Morningstar Small-Cap Value ETFVanguard Ftse Developed Markets ETFvs. Q2 2025SEC
Q2 2025Aug 14, 202526$181.3MVanguard S&P 500 ETFVanguard Morningstar Small-Cap Value ETFVanguard Ftse Emerging Markets ETFvs. Q1 2025SEC
Q1 2025May 15, 202523$165.6MVanguard S&P 500 ETFVanguard Morningstar Small-Cap Value ETFVanguard Ftse Emerging Markets ETFvs. Q4 2024SEC
Q4 2024Feb 14, 202519$161.2MVanguard Morningstar Small-Cap Value ETFVanguard S&P 500 ETFVanguard Ftse Emerging Markets ETFvs. Q3 2024SEC
Q3 2024Nov 14, 202418$166.1MVanguard Ftse Emerging Markets ETFVanguard Morningstar Small-Cap Value ETFVanguard Materials ETFvs. Q2 2024SEC
Q2 2024Aug 12, 202418$154.9MVanguard S&P 500 ETFVanguard Morningstar Small-Cap Value ETFVanguard Energy ETFvs. Q1 2024SEC
Q1 2024May 14, 202418$142.5MVanguard Morningstar Small-Cap Value ETFVanguard Energy ETFVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Feb 14, 202416$131.6MVanguard Morningstar Small-Cap Value ETFVanguard S&P 500 ETFVanguard Energy ETFvs. Q3 2023SEC
Q3 2023Nov 7, 202315$121.6MVanguard Energy ETFVanguard Morningstar Small-Cap Value ETFVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Jul 24, 202317$120.9MVanguard Energy ETFVanguard Morningstar Small-Cap Value ETFVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 12, 202315$116.0MVanguard Energy ETFVanguard Materials ETFVanguard Morningstar Small-Cap Value ETFvs. Q4 2022SEC
Q4 2022Feb 7, 202314$103.1MVanguard Energy ETFVanguard Morningstar Small-Cap Value ETFVanguard Materials ETFvs. Q3 2022SEC
Q3 2022Nov 9, 202213$92.1MVanguard Energy ETFVanguard Morningstar Small-Cap Value ETFVanguard Ftse Emerging Markets ETFvs. Q2 2022SEC
Q2 2022Aug 5, 202214$95.4MVanguard Energy ETFVanguard Morningstar Small-Cap Value ETFVanguard Ftse Emerging Markets ETFvs. Q1 2022SEC
Q1 2022May 10, 202214$104.0MVanguard Energy ETFVanguard Morningstar Small-Cap Value ETFVanguard Materials ETFvs. Q4 2021SEC
Q4 2021Feb 14, 202213$102.3MVanguard Morningstar Small-Cap Value ETFVanguard Real Estate ETFVanguard Energy ETF–SEC