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Livermore
Livermore
ZHEN

Forbes Financial Planning, Inc.

SEC CIK
0001911316
Latest filing
Jul 23, 2026

The latest 13F from Forbes Financial Planning, Inc. covers Q2 2026 (filed Jul 23, 2026): 38 long positions worth $186.4M. The top 10 holdings make up 69.9% of the portfolio, and the largest is iShares Core S&P 500 ETF at 9.2%. 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
2
Est. +$424.0K
Added
6
Est. +$252.9K
Reduced
25
Est. −$1.66M
Sold out
2
Est. −$427.8K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    9.2%$17.2M
  2. Fidelity Merrimack STR Tr316188309
    8.8%$16.3M
  3. Vanguard Scottsdale FDS92206C409
    8.6%$16.0M
  4. Vanguard Ftse Developed Markets ETF921943858
    7.5%$14.0M
  5. Vanguard Morningstar Small-Cap Value ETF922908611
    7.0%$13.1M

Share of portfolio

Top 5 holdings and the other 33 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF9.2%
  2. Fidelity Merrimack STR Tr8.8%
  3. Vanguard Scottsdale FDS8.6%
  4. Vanguard Ftse Developed Markets ETF7.5%
  5. Vanguard Morningstar Small-Cap Value ETF7.0%
  6. Other 33 positions58.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco QQQ Trust Series I46090E103
    +$219.4KNew
  2. ETEnergy Transfer LP
    +$204.6KNewHistory
  3. iShares Tr46429B655
    +$96.1KAdded
  4. APHAmphenol Corp
    +$70.5KAddedHistory
  5. iShares Core MSCI Emerging Markets ETF46434G103
    +$52.2KAdded

Largest weight increases

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

  1. iShares Core MSCI Emerging Markets ETF46434G103
    +0.21 pp1.8% → 2.0%
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +0.18 pp0.5% → 0.7%
  3. AAPLApple Inc.
    +0.17 pp2.9% → 3.1%History
  4. Invesco QQQ Trust Series I46090E103
    +0.12 pp0.0% → 0.1%
  5. ETEnergy Transfer LP
    +0.11 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Fidelity Merrimack STR Tr316188309
    −$298.3KReduced
  2. State Street Energy Select Sector SPDR ETF81369Y506
    −$219.3KSold out
  3. PLTRPalantir Technologies Inc.
    −$208.4KSold outHistory
  4. AMGNAmgen Inc
    −$204.2KReducedHistory
  5. Goldman Sachs ETF Tr381430503
    −$170.7KReduced

Largest weight decreases

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

  1. Fidelity Merrimack STR Tr316188309
    −0.87 pp9.6% → 8.8%
  2. Vanguard Scottsdale FDS92206C409
    −0.79 pp9.4% → 8.6%
  3. GLDMWorld Gold Trust
    −0.60 pp2.9% → 2.3%History
  4. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375
    −0.39 pp4.9% → 4.5%
  5. State Street Energy Select Sector SPDR ETF81369Y506
    −0.13 pp0.1% → 0.0%

Metrics

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

Portfolio value
$186.4M
+$13.3M (+7.7%) vs. prior quarter
Positions
38
0 vs. prior quarter
Top 10 concentration
69.9%
Top 10 as share of value
Turnover
0.4%
Q2 2026, one quarter
Average holding period
12.7 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 $186.4M (Q2 2026)

Q4 2021: $101.5MQ1 2022: $80.3MQ2 2022: $69.8MQ3 2022: $68.7MQ4 2022: $68.7MQ1 2023: $101.7MQ2 2023: $103.6MQ3 2023: $93.3MQ4 2023: $107.4MQ1 2024: $116.2MQ2 2024: $127.3MQ3 2024: $138.8MQ4 2024: $131.3MQ1 2025: $135.0MQ2 2025: $148.0MQ3 2025: $151.3MQ4 2025: $171.0MQ1 2026: $173.1MQ2 2026: $186.4M
Q4 2021Q2 2026
13F filings of Forbes Financial Planning, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202638$186.4MiShares Core S&P 500 ETFFidelity Merrimack STR TrVanguard Scottsdale FDSvs. Q1 2026SEC
Q1 2026Apr 17, 202638$173.1MFidelity Merrimack STR TrVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 26, 202636$171.0MFidelity Merrimack STR TriShares Core S&P 500 ETFVanguard Scottsdale FDSvs. Q3 2025SEC
Q3 2025Oct 28, 202532$151.3MFidelity Merrimack STR TriShares Core S&P 500 ETFVanguard Scottsdale FDSvs. Q2 2025SEC
Q2 2025Aug 6, 202534$148.0MFidelity Merrimack STR TriShares Core S&P 500 ETFVanguard Scottsdale FDSvs. Q1 2025SEC
Q1 2025May 8, 202531$135.0MVanguard Ftse Developed Markets ETFVanguard Morningstar Small-Cap Value ETFSPDR Series Trustvs. Q4 2024SEC
Q4 2024Feb 11, 202531$131.3MSPDR Series TrustVanguard Morningstar Small-Cap Value ETFVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Oct 29, 202430$138.8MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFSPDR Series Trustvs. Q2 2024SEC
Q2 2024Jul 25, 202430$127.3MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFSPDR Series Trustvs. Q1 2024SEC
Q1 2024Apr 30, 202429$116.2MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFSPDR Series Trustvs. Q4 2023SEC
Q4 2023Feb 14, 202429$107.4MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFSPDR Series Trustvs. Q3 2023SEC
Q3 2023Nov 8, 202328$93.3MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFSPDR Series Trustvs. Q2 2023SEC
Q2 2023Aug 8, 202328$103.6MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares S&P Small-Cap 600 Value ETFvs. Q1 2023SEC
Q1 2023May 5, 202330$101.7MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFiShares S&P Small-Cap 600 Value ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202327$68.7MiShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFiShares S&P Small-Cap 600 Value ETFvs. Q3 2022SEC
Q3 2022Oct 21, 202227$68.7MiShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFiShares S&P Small-Cap 600 Value ETFvs. Q2 2022SEC
Q2 2022Aug 15, 202228$69.8MiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFVanguard Dividend Appreciation ETFvs. Q1 2022SEC
Q1 2022May 13, 202230$80.3MiShares Core S&P 500 ETFVanguard Total Bond Market ETFVanguard Star FDSvs. Q4 2021SEC
Q4 2021Feb 18, 202237$101.5MiShares Core S&P 500 ETFVanguard Total Bond Market ETFVanguard Dividend Appreciation ETF–SEC