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Livermore
Livermore
ZHEN

HB Wealth Management, LLC

SEC CIK
0001911253
Latest filing
Jul 29, 2026

The latest 13F from HB Wealth Management, LLC covers Q2 2026 (filed Jul 29, 2026): 1,701 long positions worth $17.8B. The top 10 holdings make up 48.2% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 17.3%. 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
251
Est. +$115.6M
Added
925
Est. +$727.3M
Reduced
440
Est. −$208.3M
Sold out
76
Est. −$105.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    17.3%$3.09B
  2. Vanguard Dividend Appreciation ETF921908844
    7.7%$1.37B
  3. American Centy ETF Tr025072885
    4.3%$771.9M
  4. J P Morgan Exchange Traded F46641Q670
    4.1%$730.9M
  5. Vanguard Star FDS921909768
    4.0%$707.5M

Biggest buys

New and added positions, by estimated amount bought

  1. J P Morgan Exchange Traded F46641Q670
    +$56.5MAdded
  2. J P Morgan Exchange Traded F46641Q654
    +$36.5MAdded
  3. American Centy ETF Tr025072885
    +$36.1MAdded
  4. Gmo ETF Trust90139K100
    +$32.2MAdded
  5. SHOPShopify Inc.
    +$30.9MAddedHistory

Largest weight increases

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

  1. American Centy ETF Tr025072885
    +0.19 pp4.1% → 4.3%
  2. MUMicron Technology Inc
    +0.18 pp0.1% → 0.3%History
  3. SHOPShopify Inc.
    +0.17 pp<0.1% → 0.2%History
  4. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    +0.15 pp<0.1% → 0.2%
  5. Gmo ETF Trust90139K100
    +0.14 pp1.4% → 1.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$59.2MSold outHistory
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$38.3MReduced
  3. HONHoneywell International Inc
    −$21.0MSold outHistory
  4. SLDESlide Insurance Holdings, Inc.
    −$14.5MReducedHistory
  5. TROWPrice T Rowe Group Inc
    −$12.4MReducedHistory

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.38 pp0.4% → 0.0%History
  2. ALBAlbemarle Corp
    −0.18 pp0.5% → 0.3%History
  3. HONHoneywell International Inc
    −0.14 pp0.1% → 0.0%History
  4. SLDESlide Insurance Holdings, Inc.
    −0.09 pp0.1% → <0.1%History
  5. WMTWalmart Inc.
    −0.08 pp0.4% → 0.3%History

Metrics

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

Portfolio value
$17.8B
+$2.40B (+15.6%) vs. prior quarter
Positions
1,701
+175 vs. prior quarter
Top 10 concentration
48.2%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
16.8 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 $17.8B (Q2 2026)

Q4 2021: $4.97BQ1 2022: $5.39BQ2 2022: $4.88BQ3 2022: $4.70BQ4 2022: $5.49BQ1 2023: $5.76BQ2 2023: $6.26BQ3 2023: $6.19BQ4 2023: $6.96BQ1 2024: $7.94BQ2 2024: $8.56BQ3 2024: $9.31BQ4 2024: $9.78BQ1 2025: $11.9BQ2 2025: $12.5BQ3 2025: $14.7BQ4 2025: $15.4BQ1 2026: $15.4BQ2 2026: $17.8B
Q4 2021Q2 2026
13F filings of HB Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 20261,701$17.8BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFAmerican Centy ETF Trvs. Q1 2026SEC
Q1 2026Apr 27, 20261,526$15.4BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJ P Morgan Exchange Traded Fvs. Q4 2025SEC
Q4 2025Jan 28, 20261,385$15.4BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFAmerican Centy ETF Trvs. Q3 2025SEC
Q3 2025Oct 23, 20251,322$14.7BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFVanguard Star FDSvs. Q2 2025SEC
Q2 2025Jul 17, 20251,143$12.5BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q1 2025SEC
Q1 2025May 7, 20251,197$11.9BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q4 2024SEC
Q4 2024Jan 15, 20251,052$9.78BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q3 2024SEC
Q3 2024Oct 15, 2024960$9.31BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q2 2024SEC
Q2 2024Jul 26, 2024907$8.56BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q1 2024SEC
Q1 2024Apr 30, 2024841$7.94BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q4 2023SEC
Q4 2023Jan 16, 2024785$6.96BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q3 2023SEC
Q3 2023Oct 13, 2023757$6.19BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q2 2023SEC
Q2 2023Jul 13, 2023724$6.26BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q1 2023SEC
Q1 2023Apr 13, 2023713$5.76BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q4 2022SEC
Q4 2022Jan 20, 2023682$5.49BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q3 2022SEC
Q3 2022Oct 19, 2022575$4.70BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q2 2022SEC
Q2 2022Jul 15, 2022572$4.88BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFJPMorgan Ultra-Short Income ETFvs. Q1 2022SEC
Q1 2022May 16, 2022587$5.39BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFVanguard Star FDSvs. Q4 2021SEC
Q4 2021Feb 15, 2022512$4.97BVanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFVanguard Star FDS–SEC