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Livermore
Livermore
ZHEN

Trellis Wealth Advisors LLC

SEC CIK
0001989031
Latest filing
Jul 15, 2026

The latest 13F from Trellis Wealth Advisors LLC covers Q2 2026 (filed Jul 15, 2026): 49 long positions worth $291.3M. The top 10 holdings make up 85.7% of the portfolio, and the largest is Dimensional World Ex U.S. Core Equity 2 ETF at 20.2%. 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
4
Est. +$1.16M
Added
18
Est. +$3.80M
Reduced
8
Est. −$1.80M
Sold out
2
Est. −$292.4K

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    20.2%$58.8M
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    14.8%$43.2M
  3. Vanguard Morningstar Total Stock Market ETF922908769
    10.8%$31.3M
  4. American Centy ETF Tr025072885
    9.0%$26.3M
  5. Vanguard Short-Term Bond ETF921937827
    7.7%$22.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Short-Term Bond ETF921937827
    +$1.50MAdded
  2. Vanguard Scottsdale FDS92206C409
    +$1.45MAdded
  3. J P Morgan Exchange Traded F46654Q773
    +$513.6KNew
  4. Vanguard Total Bond Market ETF921937835
    +$512.3KAdded
  5. Vanguard Scottsdale FDS92206C680
    +$226.9KNew

Largest weight increases

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

  1. American Centy ETF Tr025072604
    +0.21 pp2.5% → 2.7%
  2. Vanguard Scottsdale FDS92206C409
    +0.19 pp3.1% → 3.3%
  3. J P Morgan Exchange Traded F46654Q773
    +0.18 pp0.0% → 0.2%
  4. Vanguard Scottsdale FDS92206C680
    +0.08 pp0.0% → 0.1%
  5. iShares Core S&P Small Cap ETF464287804
    +0.07 pp0.0% → 0.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    −$915.3KReduced
  2. Dimensional U.S. Core Equity 2 ETF25434V708
    −$394.7KReduced
  3. NBISNebius Group N.V.
    −$357.6KReducedHistory
  4. XOMExxonMobil Holdings Corp
    −$260.3KSold outHistory
  5. Vanguard Star FDS921909768
    −$87.3KReduced

Largest weight decreases

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

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    −0.77 pp21.0% → 20.2%
  2. XOMExxonMobil Holdings Corp
    −0.10 pp0.1% → 0.0%History
  3. Vanguard Star FDS921909768
    −0.03 pp3.4% → 3.4%
  4. BIRDSmartbird, Inc.
    −0.01 pp<0.1% → 0.0%History

Metrics

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

Portfolio value
$291.3M
+$28.5M (+10.9%) vs. prior quarter
Positions
49
+2 vs. prior quarter
Top 10 concentration
85.7%
Top 10 as share of value
Turnover
0.8%
Q2 2026, one quarter
Average holding period
13.9 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 $291.3M (Q2 2026)

Q4 2022: $116.1MQ1 2023: $136.1MQ2 2023: $150.4MQ3 2023: $158.9MQ4 2023: $184.1MQ1 2024: $177.0MQ2 2024: $182.2MQ3 2024: $199.8MQ4 2024: $198.9MQ1 2025: $206.1MQ2 2025: $229.8MQ3 2025: $245.7MQ4 2025: $255.7MQ1 2026: $262.8MQ2 2026: $291.3M
Q4 2022Q2 2026
13F filings of Trellis Wealth Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 202649$291.3MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2026SEC
Q1 2026Apr 15, 202647$262.8MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2025SEC
Q4 2025Jan 26, 202644$255.7MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2025SEC
Q3 2025Oct 30, 202538$245.7MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2025SEC
Q2 2025Jul 21, 202537$229.8MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2025SEC
Q1 2025Apr 23, 202535$206.1MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2024SEC
Q4 2024Feb 3, 202533$198.9MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2024SEC
Q3 2024Oct 21, 202430$199.8MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2024SEC
Q2 2024Jul 30, 202430$182.2MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2024SEC
Q1 2024Apr 22, 202425$177.0MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2023SEC
Q4 2023Jan 19, 202435$184.1MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2023SEC
Q3 2023Oct 23, 202335$158.9MDimensional World Ex U.S. Core Equity 2 ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2023SEC
Q2 2023Aug 10, 202331$150.4MDimensional World Ex U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFDimensional U.S. Core Equity 2 ETFvs. Q1 2023SEC
Q1 2023Aug 10, 202330$136.1MDimensional World Ex U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFDimensional U.S. Core Equity 2 ETFvs. Q4 2022SEC
Q4 2022Aug 10, 202329$116.1MDimensional World Ex U.S. Core Equity 2 ETFVanguard Morningstar Total Stock Market ETFDimensional U.S. Core Equity 2 ETF–SEC