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Livermore
Livermore
ZHEN

Financial Futures Ltd Liability Co.

SEC CIK
0001911616
Latest filing
Jul 27, 2026

The latest 13F from Financial Futures Ltd Liability Co. covers Q2 2026 (filed Jul 27, 2026): 80 long positions worth $262.6M. The top 10 holdings make up 56.6% of the portfolio, and the largest is Vanguard Intermediate-Term Corporate Bond ETF at 7.0%. 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
12
Est. +$8.47M
Added
25
Est. +$9.28M
Reduced
30
Est. −$3.43M
Sold out
4
Est. −$1.36M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    7.0%$18.4M
  2. PIMCO ETF Tr72201R585
    6.5%$17.0M
  3. Vanguard Morningstar Mid-Cap ETF922908629
    6.1%$16.1M
  4. SPDR Series Trust78468R606
    6.1%$16.0M
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    5.7%$15.1M

Share of portfolio

Top 5 holdings and the other 75 positions, by share of portfolio value

  1. Vanguard Intermediate-Term Corporate Bond ETF7.0%
  2. PIMCO ETF Tr6.5%
  3. Vanguard Morningstar Mid-Cap ETF6.1%
  4. SPDR Series Trust6.1%
  5. State Street SPDR Portfolio S&P 500 ETF5.7%
  6. Other 75 positions68.6%

Biggest buys

New and added positions, by estimated amount bought

  1. JPMorgan Ultra-Short Income ETF46641Q837
    +$2.88MNew
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    +$1.91MNew
  3. First Tr Exchange Traded FD33738R704
    +$1.58MAdded
  4. TSLATesla, Inc.
    +$1.38MNewHistory
  5. J P Morgan Exchange Traded F46641Q332
    +$1.05MAdded

Largest weight increases

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

  1. JPMorgan Ultra-Short Income ETF46641Q837
    +1.10 pp0.0% → 1.1%
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    +0.73 pp0.0% → 0.7%
  3. First Tr Exchange Traded FD33738R704
    +0.62 pp0.3% → 0.9%
  4. TSLATesla, Inc.
    +0.52 pp0.0% → 0.5%History
  5. Invesco Nasdaq 100 ETF46138G649
    +0.44 pp3.0% → 3.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DDOGDatadog, Inc.
    −$878.2KReducedHistory
  2. Vanguard Health Care ETF92204A504
    −$656.2KReduced
  3. IAUiShares Gold Trust
    −$520.7KSold outHistory
  4. Innovator ETFs Trust45783Y673
    −$358.1KSold out
  5. Vanguard BD Index FDS92203C303
    −$258.4KSold out

Largest weight decreases

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

  1. IBITiShares Bitcoin Trust ETF
    −0.27 pp0.8% → 0.5%History
  2. Vanguard Health Care ETF92204A504
    −0.27 pp0.5% → 0.2%
  3. IAUiShares Gold Trust
    −0.23 pp0.2% → 0.0%History
  4. Innovator ETFs Trust45783Y673
    −0.16 pp0.2% → 0.0%
  5. Vanguard BD Index FDS92203C303
    −0.11 pp0.1% → 0.0%

Metrics

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

Portfolio value
$262.6M
+$35.0M (+15.4%) vs. prior quarter
Positions
80
+8 vs. prior quarter
Top 10 concentration
56.6%
Top 10 as share of value
Turnover
2.0%
Q2 2026, one quarter
Average holding period
13.2 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 $262.6M (Q2 2026)

Q4 2021: $122.1MQ1 2022: $127.8MQ2 2022: $101.3MQ3 2022: $104.5MQ4 2022: $111.0MQ1 2023: $118.7MQ2 2023: $126.6MQ3 2023: $122.4MQ4 2023: $133.1MQ1 2024: $150.8MQ2 2024: $161.2MQ3 2024: $174.5MQ4 2024: $176.2MQ1 2025: $176.3MQ2 2025: $186.6MQ3 2025: $205.8MQ4 2025: $215.8MQ1 2026: $227.6MQ2 2026: $262.6M
Q4 2021Q2 2026
13F filings of Financial Futures Ltd Liability Co. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 202680$262.6MVanguard Intermediate-Term Corporate Bond ETFPIMCO ETF TrVanguard Morningstar Mid-Cap ETFvs. Q1 2026SEC
Q1 2026Apr 22, 202672$227.6MVanguard Intermediate-Term Corporate Bond ETFPIMCO ETF TrSPDR Series Trustvs. Q4 2025SEC
Q4 2025Jan 23, 202669$215.8MVanguard Intermediate-Term Corporate Bond ETFPIMCO ETF TrState Street SPDR Portfolio S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 27, 202568$205.8MVanguard Intermediate-Term Corporate Bond ETFPIMCO ETF TrSPDR Series Trustvs. Q2 2025SEC
Q2 2025Jul 29, 202563$186.6MVanguard Intermediate-Term Corporate Bond ETFPIMCO ETF TrSPDR Series Trustvs. Q1 2025SEC
Q1 2025Apr 24, 202560$176.3MPIMCO ETF TrVanguard Intermediate-Term Corporate Bond ETFSPDR Series Trustvs. Q4 2024SEC
Q4 2024Jan 24, 202554$176.2MPIMCO ETF TrVanguard Intermediate-Term Corporate Bond ETFSPDR Series Trustvs. Q3 2024SEC
Q3 2024Oct 24, 202453$174.5MState Street SPDR Portfolio S&P 500 ETFVanguard Intermediate-Term Corporate Bond ETFFirst Tr Exchng Traded FD VIvs. Q2 2024SEC
Q2 2024Aug 7, 202453$161.2MState Street SPDR Portfolio S&P 500 ETFVanguard Intermediate-Term Corporate Bond ETFFirst Tr Exchng Traded FD VIvs. Q1 2024SEC
Q1 2024Apr 29, 202448$150.8MState Street SPDR Portfolio S&P 500 ETFVanguard Intermediate-Term Corporate Bond ETFFirst Tr Exchng Traded FD VIvs. Q4 2023SEC
Q4 2023Jan 25, 202441$133.1MState Street SPDR Portfolio S&P 500 ETFVanguard Intermediate-Term Corporate Bond ETFFirst Tr Exchng Traded FD VIvs. Q3 2023SEC
Q3 2023Oct 27, 202352$122.4MState Street SPDR Portfolio S&P 500 ETFVanguard Intermediate-Term Corporate Bond ETFFirst Tr Exchng Traded FD VIvs. Q2 2023SEC
Q2 2023Aug 4, 202350$126.6MState Street SPDR Portfolio S&P 500 ETFJPMorgan Ultra-Short Income ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2023SEC
Q1 2023May 2, 202350$118.7MJ P Morgan Exchange Traded FState Street SPDR Portfolio S&P 500 ETFJPMorgan Ultra-Short Income ETFvs. Q4 2022SEC
Q4 2022Feb 9, 202350$111.0MJ P Morgan Exchange Traded FJPMorgan Ultra-Short Income ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202245$104.5MJ P Morgan Exchange Traded FJPMorgan Ultra-Short Income ETFState Street SPDR Portfolio S&P 500 ETFvs. Q2 2022SEC
Q2 2022Jul 20, 202247$101.3MJPMorgan Ultra-Short Income ETFState Street SPDR Portfolio S&P 500 ETFJ P Morgan Exchange Traded Fvs. Q1 2022SEC
Q1 2022May 2, 202256$127.8MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Mid-Cap ETFPIMCO ETF Trvs. Q4 2021SEC
Q4 2021Feb 16, 202252$122.1MState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Growth ETFVanguard Morningstar Mid-Cap ETF–SEC