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Livermore
Livermore
ZHEN

Balboa Wealth Partners

SEC CIK
0001929008
Latest filing
Aug 10, 2026

The latest 13F from Balboa Wealth Partners covers Q2 2026 (filed Aug 10, 2026): 476 long positions worth $734.4M. The top 10 holdings make up 35.1% of the portfolio, and the largest is Tesla, Inc. (TSLA) at 6.9%. Livermore has 16 filings on Form 13F from this institution, going back to Q3 2022.

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
79
Est. +$29.6M
Added
172
Est. +$45.7M
Reduced
185
Est. −$44.9M
Sold out
58
Est. −$10.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. TSLATesla, Inc.
    6.9%$50.4MHistory
  2. NVDANVIDIA Corp
    6.8%$49.9MHistory
  3. AMDAdvanced Micro Devices Inc
    5.4%$39.7MHistory
  4. MSFTMicrosoft Corp
    2.9%$21.1MHistory
  5. AAPLApple Inc.
    2.8%$20.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab U.S. Large-Cap ETF808524201
    +$6.11MAdded
  2. Schwab US Aggregate Bond ETF808524839
    +$4.60MAdded
  3. JPMorgan Ultra-Short Income ETF46641Q837
    +$2.85MAdded
  4. Schwab International Equity ETF808524805
    +$2.50MAdded
  5. Schwab U.S. Small-Cap ETF808524607
    +$2.14MAdded

Largest weight increases

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

  1. Schwab U.S. Large-Cap ETF808524201
    +0.81 pp0.3% → 1.1%
  2. Schwab US Aggregate Bond ETF808524839
    +0.61 pp0.1% → 0.7%
  3. JPMorgan Ultra-Short Income ETF46641Q837
    +0.37 pp0.1% → 0.5%
  4. Schwab International Equity ETF808524805
    +0.34 pp<0.1% → 0.4%
  5. Schwab U.S. Small-Cap ETF808524607
    +0.29 pp0.1% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMDAdvanced Micro Devices Inc
    −$8.38MReducedHistory
  2. MUMicron Technology Inc
    −$3.53MReducedHistory
  3. STRLSterling Infrastructure, Inc.
    −$2.51MReducedHistory
  4. iShares S&P Mid-Cap 400 Growth ETF464287606
    −$2.40MReduced
  5. iShares S&P Small-Cap 600 Value ETF464287879
    −$2.14MSold out

Largest weight decreases

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

  1. NVDANVIDIA Corp
    −0.78 pp7.6% → 6.8%History
  2. TSLATesla, Inc.
    −0.67 pp7.5% → 6.9%History
  3. MSFTMicrosoft Corp
    −0.64 pp3.5% → 2.9%History
  4. GLDSPDR Gold Trust
    −0.38 pp1.1% → 0.7%History
  5. METAMeta Platforms, Inc.
    −0.37 pp1.7% → 1.3%History

Metrics

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

Portfolio value
$734.4M
+$138.3M (+23.2%) vs. prior quarter
Positions
476
+21 vs. prior quarter
Top 10 concentration
35.1%
Top 10 as share of value
Turnover
8.4%
Q2 2026, one quarter
Average holding period
11.1 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 (Q3 2022), so positions held before then are understated.

13F filings by quarter

16 quarters, going back to Q3 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $734.4M (Q2 2026)

Q3 2022: $227.4MQ4 2022: $221.8MQ1 2023: $264.7MQ2 2023: $286.7MQ3 2023: $266.5MQ4 2023: $300.8MQ1 2024: $315.0MQ2 2024: $378.7MQ3 2024: $401.5MQ4 2024: $438.1MQ1 2025: $414.2MQ2 2025: $498.7MQ3 2025: $579.6MQ4 2025: $604.6MQ1 2026: $596.2MQ2 2026: $734.4M
Q3 2022Q2 2026
13F filings of Balboa Wealth Partners by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026476$734.4MTSLANVDAAMDvs. Q1 2026SEC
Q1 2026Apr 16, 2026455$596.2MNVDATSLAMSFTvs. Q4 2025SEC
Q4 2025Jan 16, 2026433$604.6MTSLANVDAMSFTvs. Q3 2025SEC
Q3 2025Nov 6, 2025407$579.6MTSLANVDAMSFTvs. Q2 2025SEC
Q2 2025Jul 29, 2025378$498.7MNVDATSLAMSFTvs. Q1 2025SEC
Q1 2025Apr 23, 2025327$414.2MTSLANVDAState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2024SEC
Q4 2024Feb 10, 2025337$438.1MTSLANVDAMSFTvs. Q3 2024SEC
Q3 2024Nov 6, 2024332$401.5MNVDATSLAMSFTvs. Q2 2024SEC
Q2 2024Aug 13, 2024305$378.7MNVDATSLAMSFTvs. Q1 2024SEC
Q1 2024May 13, 2024292$315.0MNVDAMSFTAMDvs. Q4 2023SEC
Q4 2023Feb 9, 2024283$300.8MTSLAMSFTNVDAvs. Q3 2023SEC
Q3 2023Oct 23, 2023280$266.5MTSLAMSFTNVDAvs. Q2 2023SEC
Q2 2023Aug 8, 2023301$286.7MTSLAMSFTAAPLvs. Q1 2023SEC
Q1 2023May 12, 2023298$264.7MTSLAMSFTAAPLvs. Q4 2022SEC
Q4 2022Feb 14, 2023282$221.8MTSLAMSFTAAPLvs. Q3 2022SEC
Q3 2022Jan 4, 2023259$227.4MTSLAMSFTAAPL–SEC