DHK Financial Advisors, Inc.
- SEC CIK
- 0001922962
- Latest filing
- Aug 14, 2025
The latest 13F from DHK Financial Advisors, Inc. covers Q2 2025 (filed Aug 14, 2025): 87 long positions worth $173.9M. The top 10 holdings make up 58.9% of the portfolio, and the largest is Berkshire Hathaway Inc (BRK.B) at 20.0%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2021.
What changed in Q2 2025
Share counts compared with Q1 2025: 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.
- New
- 2
- Est. +$533.5K
- Added
- 37
- Est. +$6.06M
- Reduced
- 27
- Est. −$20.9M
- Sold out
- 5
- Est. −$1.70M
Top 5 holdings
Share of this quarter's portfolio value
Biggest buys
New and added positions, by estimated amount bought
- First Tr Exchange-Traded FD33738D309+$2.05MAdded
- WisdomTree Tr97717X669+$1.75MAdded
- WisdomTree Tr97717W281+$730.0KAdded
- Vanguard Utilities ETF92204A876+$539.4KAdded
- GLDSPDR Gold Trust
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Total World Stock ETF922042742+1.28 pp7.8% → 9.0%
- First Tr Exchange-Traded FD33738D309+1.25 pp1.4% → 2.7%
- WisdomTree Tr97717X669+1.08 pp0.9% → 2.0%
- GLDSPDR Gold Trust
- WisdomTree Tr97717W281+0.47 pp0.4% → 0.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- SPYSPDR S&P 500 ETF Trust
- iShares Tr464287689−$3.94MReduced
- iShares MSCI Eafe ETF464287465−$2.83MReduced
- Vanguard Scottsdale FDS92206C680−$1.59MReduced
- T Rowe Price Exchange-Traded87283Q503−$1.53MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
Metrics
13F metrics for Q2 2025, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $173.9M
- −$8.43M (−4.6%) vs. prior quarter
- Positions
- 87
- −3 vs. prior quarter
- Top 10 concentration
- 58.9%
- Top 10 as share of value
- Turnover
- 3.7%
- Q2 2025, one quarter
- Average holding period
- 7.5 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
15 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $182.3M (Q1 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2025 | Aug 14, 2025 | 87 | $173.9M | BRK.BBRK.AVanguard Total World Stock ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 11, 2025 | 90 | $182.3M | BRK.BBRK.AVanguard Total World Stock ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 22, 2025 | 89 | $164.8M | BRK.BBRK.AVanguard Total World Stock ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 24, 2024 | 83 | $163.1M | BRK.BVanguard Total World Stock ETFBRK.A | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 9, 2024 | 75 | $143.3M | BRK.BVanguard Total World Stock ETFBRK.A | vs. Q1 2024 | SEC |
| Q1 2024 | May 10, 2024 | 72 | $141.2M | Vanguard Total World Stock ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 29, 2024 | 68 | $133.3M | Vanguard Total World Stock ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 1, 2023 | 63 | $112.2M | Vanguard Total World Stock ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 19, 2023 | 62 | $117.5M | Vanguard Total World Stock ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 12, 2023 | 41 | $80.5M | Vanguard Total World Stock ETFVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Jan 31, 2023 | 33 | $71.9M | Vanguard Total World Stock ETFVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 8, 2022 | 32 | $60.9M | Vanguard Total World Stock ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 15, 2022 | 41 | $104.5M | SPYiShares Core S&P 500 ETFVanguard Total World Stock ETF | vs. Q1 2022 | SEC |
| Q1 2022 | Apr 13, 2022 | 39 | $118.5M | iShares Core S&P 500 ETFSPYVanguard Total World Stock ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Apr 13, 2022 | 37 | $106.2M | SPYVanguard Total World Stock ETFiShares Core S&P 500 ETF | – | SEC |