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Livermore
Livermore
ZHEN

Clifford Group, LLC

SEC CIK
0001965522
Latest filing
Aug 14, 2026

The latest 13F from Clifford Group, LLC covers Q2 2026 (filed Aug 14, 2026): 86 long positions worth $144.6M. The top 10 holdings make up 65.2% of the portfolio, and the largest is Vanguard S&P 500 ETF at 29.1%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 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
11
Est. +$7.98M
Added
26
Est. +$1.98M
Reduced
37
Est. −$9.17M
Sold out
5
Est. −$3.43M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    29.1%$42.1M
  2. Vanguard World FD921910816
    8.0%$11.6M
  3. Natixis ETF Trust II63875W406
    4.5%$6.44M
  4. iShares Tr464288877
    4.3%$6.16M
  5. Vanguard Information Technology ETF92204A702
    3.8%$5.43M

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072877
    +$5.33MNew
  2. iShares Tr464288414
    +$1.29MAdded
  3. TOSTToast, Inc.
    +$528.2KNewHistory
  4. MUMicron Technology Inc
    +$292.0KNewHistory
  5. AMDAdvanced Micro Devices Inc
    +$278.8KNewHistory

Largest weight increases

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

  1. American Centy ETF Tr025072877
    +3.68 pp0.0% → 3.7%
  2. iShares Tr464288414
    +0.68 pp2.3% → 3.0%
  3. TOSTToast, Inc.
    +0.37 pp0.0% → 0.4%History
  4. MUMicron Technology Inc
    +0.20 pp0.0% → 0.2%History
  5. AVGOBroadcom Inc.
    +0.20 pp1.0% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard S&P 500 ETF922908363
    −$4.06MReduced
  2. SPDR Series Trust78468R739
    −$2.23MSold out
  3. Vanguard World FD921910816
    −$1.18MReducedConverted for a 5-for-1 split
  4. Vanguard Information Technology ETF92204A702
    −$876.8KReducedConverted for a 8-for-1 split
  5. Natixis ETF Trust II63875W406
    −$713.8KReduced

Largest weight decreases

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

  1. Vanguard S&P 500 ETF922908363
    −1.82 pp30.9% → 29.1%
  2. SPDR Series Trust78468R739
    −1.72 pp1.7% → 0.0%
  3. Natixis ETF Trust II63875W406
    −0.70 pp5.2% → 4.5%
  4. iShares Tr464288877
    −0.66 pp4.9% → 4.3%
  5. ADIAnalog Devices Inc
    −0.42 pp0.4% → 0.0%History

Metrics

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

Portfolio value
$144.6M
+$14.8M (+11.4%) vs. prior quarter
Positions
86
+6 vs. prior quarter
Top 10 concentration
65.2%
Top 10 as share of value
Turnover
7.3%
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 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $144.6M (Q2 2026)

Q4 2022: $80.1MQ1 2023: $82.5MQ2 2023: $93.1MQ3 2023: $92.2MQ4 2023: $107.9MQ1 2024: $121.1MQ2 2024: $123.9MQ3 2024: $128.6MQ4 2024: $131.2MQ1 2025: $107.0MQ2 2025: $121.7MQ3 2025: $128.4MQ4 2025: $129.5MQ1 2026: $129.8MQ2 2026: $144.6M
Q4 2022Q2 2026
13F filings of Clifford Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202686$144.6MVanguard S&P 500 ETFVanguard World FDNatixis ETF Trust IIvs. Q1 2026SEC
Q1 2026May 15, 202680$129.8MVanguard S&P 500 ETFVanguard World FDNatixis ETF Trust IIvs. Q4 2025SEC
Q4 2025Feb 13, 202676$129.5MVanguard S&P 500 ETFVanguard World FDVanguard Index FDSvs. Q3 2025SEC
Q3 2025Nov 14, 202581$128.4MVanguard S&P 500 ETFVanguard Index FDSVanguard World FDvs. Q2 2025SEC
Q2 2025Aug 14, 202583$121.7MVanguard S&P 500 ETFVanguard World FDVanguard Index FDSvs. Q1 2025SEC
Q1 2025May 15, 202576$107.0MVanguard S&P 500 ETFVanguard Index FDSVanguard World FDvs. Q4 2024SEC
Q4 2024Feb 12, 202575$131.2MVanguard S&P 500 ETFSchwab US Dividend Equity ETFVanguard Index FDSvs. Q3 2024SEC
Q3 2024Nov 12, 202474$128.6MVanguard S&P 500 ETFSchwab US Dividend Equity ETFVanguard Index FDSvs. Q2 2024SEC
Q2 2024Aug 12, 202473$123.9MVanguard S&P 500 ETFSchwab US Dividend Equity ETFVanguard World FDvs. Q1 2024SEC
Q1 2024May 15, 202471$121.1MVanguard S&P 500 ETFSchwab US Dividend Equity ETFVanguard Index FDSvs. Q4 2023SEC
Q4 2023Feb 14, 202474$107.9MVanguard S&P 500 ETFSchwab US Dividend Equity ETFVanguard Index FDSvs. Q3 2023SEC
Q3 2023Nov 14, 202370$92.2MVanguard S&P 500 ETFSchwab US Dividend Equity ETFiShares Trvs. Q2 2023SEC
Q2 2023Aug 14, 202371$93.1MVanguard S&P 500 ETFSchwab US Dividend Equity ETFiShares Trvs. Q1 2023SEC
Q1 2023May 15, 202366$82.5MVanguard S&P 500 ETFSchwab US Dividend Equity ETFiShares Trvs. Q4 2022SEC
Q4 2022Feb 13, 202374$80.1MVanguard S&P 500 ETFiShares TriShares Tr–SEC