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Livermore
Livermore
ZHEN

Union Savings Bank

SEC CIK
0001985855
Latest filing
Jul 23, 2026

The latest 13F from Union Savings Bank covers Q2 2026 (filed Jul 23, 2026): 322 long positions worth $248.9M. The top 10 holdings make up 53.5% of the portfolio, and the largest is Invesco S&P 500 Quality ETF at 17.8%. Livermore has 12 filings on Form 13F from this institution, going back to Q2 2023.

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
8
Est. +$131.4K
Added
24
Est. +$3.28M
Reduced
91
Est. −$5.94M
Sold out
6
Est. −$867.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco S&P 500 Quality ETF46137V241
    17.8%$44.3M
  2. BRK.ABerkshire Hathaway Inc
    9.6%$24.0MHistory
  3. iShares Core S&P Mid-Cap ETF464287507
    6.7%$16.7M
  4. SPYSPDR S&P 500 ETF Trust
    5.3%$13.1MHistory
  5. iShares Russell 2000 ETF464287655
    3.1%$7.60M

Share of portfolio

Top 5 holdings and the other 317 positions, by share of portfolio value

  1. Invesco S&P 500 Quality ETF17.8%
  2. BRK.A9.6%
  3. iShares Core S&P Mid-Cap ETF6.7%
  4. SPY5.3%
  5. iShares Russell 2000 ETF3.1%
  6. Other 317 positions57.6%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core U.S. Aggregate Bond ETF464287226
    +$886.2KAdded
  2. iShares Core S&P Mid-Cap ETF464287507
    +$594.4KAdded
  3. iShares Tr464288612
    +$402.8KAdded
  4. Invesco S&P 500 Quality ETF46137V241
    +$314.4KAdded
  5. iShares Russell 2000 ETF464287655
    +$245.8KAdded

Largest weight increases

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

  1. Invesco S&P 500 Quality ETF46137V241
    +1.71 pp16.1% → 17.8%
  2. iShares Core S&P Mid-Cap ETF464287507
    +0.53 pp6.2% → 6.7%
  3. iShares Russell 2000 ETF464287655
    +0.39 pp2.7% → 3.1%
  4. iShares Core U.S. Aggregate Bond ETF464287226
    +0.34 pp0.2% → 0.5%
  5. iShares Core S&P Small Cap ETF464287804
    +0.14 pp1.3% → 1.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$1.12MReducedHistory
  2. HONHoneywell International Inc
    −$809.4KSold outHistory
  3. BRK.BBerkshire Hathaway Inc
    −$463.9KReducedHistory
  4. AAPLApple Inc.
    −$376.2KReducedHistory
  5. ABBVAbbVie Inc.
    −$259.7KReducedHistory

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.61 pp2.2% → 1.6%History
  2. HONHoneywell International Inc
    −0.35 pp0.4% → 0.0%History
  3. MSFTMicrosoft Corp
    −0.23 pp2.6% → 2.4%History
  4. BRK.BBerkshire Hathaway Inc
    −0.20 pp0.3% → 0.1%History
  5. MCDMcDonalds Corp
    −0.19 pp0.5% → 0.3%History

Metrics

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

Portfolio value
$248.9M
+$20.8M (+9.1%) vs. prior quarter
Positions
322
+2 vs. prior quarter
Top 10 concentration
53.5%
Top 10 as share of value
Turnover
1.4%
Q2 2026, one quarter
Average holding period
3.0 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 (Q2 2023), so positions held before then are understated.

13F filings by quarter

12 quarters, going back to Q2 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $248.9M (Q2 2026)

Q2 2023: $167.5MQ3 2023: $160.4MQ4 2023: $176.3MQ1 2024: $191.2MQ2 2024: $190.5MQ3 2024: $204.0MQ4 2024: $203.4MQ1 2025: $204.6MQ2 2025: $217.7MQ4 2025: $230.8MQ1 2026: $228.1MQ2 2026: $248.9M
Q2 2023Q2 2026
13F filings of Union Savings Bank by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 2026322$248.9MInvesco S&P 500 Quality ETFBRK.AiShares Core S&P Mid-Cap ETFvs. Q1 2026SEC
Q1 2026Apr 17, 2026320$228.1MInvesco S&P 500 Quality ETFBRK.AiShares Core S&P Mid-Cap ETFvs. Q4 2025SEC
Q4 2025Mar 6, 2026321$230.8MInvesco S&P 500 Quality ETFBRK.ASPY–SEC
Q2 2025Aug 8, 2025282$217.7MInvesco S&P 500 Quality ETFBRK.ASPYvs. Q1 2025SEC
Q1 2025Apr 22, 2025307$204.6MInvesco S&P 500 Quality ETFBRK.ASPYvs. Q4 2024SEC
Q4 2024Jan 16, 2025290$203.4MInvesco S&P 500 Quality ETFBRK.ASPYvs. Q3 2024SEC
Q3 2024Oct 15, 2024297$204.0MInvesco S&P 500 Quality ETFBRK.AiShares Core S&P Mid-Cap ETFvs. Q2 2024SEC
Q2 2024Aug 1, 2024297$190.5MInvesco S&P 500 Quality ETFBRK.ASPYvs. Q1 2024SEC
Q1 2024Apr 29, 2024296$191.2MBRK.AInvesco S&P 500 Quality ETFiShares Core S&P Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Feb 9, 2024304$176.3MBRK.AInvesco S&P 500 Quality ETFiShares Core S&P Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 24, 2023301$160.4MBRK.AiShares Core S&P Mid-Cap ETFSPYvs. Q2 2023SEC
Q2 2023Aug 14, 2023285$167.5MBRK.AiShares Core S&P Mid-Cap ETFSPY–SEC