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Livermore
Livermore
ZHEN

WFA Asset Management Corp

SEC CIK
0001994434
Latest filing
Oct 30, 2025

The latest 13F from WFA Asset Management Corp covers Q3 2025 (filed Oct 30, 2025): 196 long positions worth $183.9M. The top 10 holdings make up 74.1% of the portfolio, and the largest is Schwab US Dividend Equity ETF at 14.7%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q3 2025

Share counts compared with Q2 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.

Full comparison
New
3
Est. +$34.6K
Added
96
Est. +$6.96M
Reduced
34
Est. −$11.5M
Sold out
16
Est. −$229.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab US Dividend Equity ETF808524797
    14.7%$27.1M
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    10.6%$19.4M
  3. Invesco Exchange Traded FD T46137V472
    9.5%$17.5M
  4. Ea Series Trust02072L714
    8.3%$15.3M
  5. iShares Tr464289446
    6.9%$12.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Exchange Traded FD T46137V472
    +$3.01MAdded
  2. Ea Series Trust02072L714
    +$1.50MAdded
  3. DBX ETF Tr233051200
    +$1.09MAdded
  4. AVGOBroadcom Inc.
    +$329.1KAddedHistory
  5. Invesco QQQ Trust Series I46090E103
    +$264.1KAdded

Largest weight increases

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

  1. Invesco Exchange Traded FD T46137V472
    +1.75 pp7.8% → 9.5%
  2. Ea Series Trust02072L714
    +0.90 pp7.4% → 8.3%
  3. DBX ETF Tr233051200
    +0.52 pp2.8% → 3.3%
  4. AVGOBroadcom Inc.
    +0.20 pp0.0% → 0.2%History
  5. MOAltria Group, Inc.
    +0.18 pp0.6% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab US Dividend Equity ETF808524797
    −$3.49MReduced
  2. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    −$1.86MReduced
  3. Invesco Exch Traded FD Tr II46138G664
    −$1.37MReduced
  4. Invesco Exchange Traded FD T46137V357
    −$1.18MReduced
  5. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$963.1KReduced

Largest weight decreases

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

  1. Schwab US Dividend Equity ETF808524797
    −1.21 pp15.9% → 14.7%
  2. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    −0.77 pp6.0% → 5.2%
  3. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −0.60 pp11.2% → 10.6%
  4. Invesco Exchange Traded FD T46137V357
    −0.38 pp5.6% → 5.2%
  5. iShares Inc464286525
    −0.20 pp3.9% → 3.7%

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$183.9M
+$7.45M (+4.2%) vs. prior quarter
Positions
196
−13 vs. prior quarter
Top 10 concentration
74.1%
Top 10 as share of value
Turnover
3.9%
Q3 2025, one quarter
Average holding period
13.8 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

16 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $191.3M (Q1 2024)

Q4 2021: $153.3MQ1 2022: $152.6MQ2 2022: $142.8MQ3 2022: $140.4MQ4 2022: $152.3MQ1 2023: $162.9MQ2 2023: $168.7MQ3 2023: $168.6MQ4 2023: $183.2MQ1 2024: $191.3MQ2 2024: $177.1MQ3 2024: $184.1MQ4 2024: $185.0MQ1 2025: $191.1MQ2 2025: $176.4MQ3 2025: $183.9M
Q4 2021Q3 2025
13F filings of WFA Asset Management Corp by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Oct 30, 2025196$183.9MSchwab US Dividend Equity ETFState Street SPDR Portfolio S&P 500 Growth ETFInvesco Exchange Traded FD Tvs. Q2 2025SEC
Q2 2025Jul 31, 2025209$176.4MSchwab US Dividend Equity ETFState Street SPDR Portfolio S&P 500 Growth ETFInvesco Exchange Traded FD Tvs. Q1 2025SEC
Q1 2025Apr 14, 2025235$191.1MSchwab US Dividend Equity ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street Consumer Staples Select Sector SPDR ETFvs. Q4 2024SEC
Q4 2024Jan 24, 2025224$185.0MSchwab US Dividend Equity ETFState Street SPDR Portfolio S&P 500 Growth ETFEa Series Trustvs. Q3 2024SEC
Q3 2024Oct 30, 2024197$184.1MSchwab US Dividend Equity ETFState Street SPDR Portfolio S&P 500 Growth ETFInvesco Exchange Traded FD Tvs. Q2 2024SEC
Q2 2024Jul 22, 2024210$177.1MSchwab US Dividend Equity ETFState Street SPDR Portfolio S&P 500 Growth ETFInvesco Exchange Traded FD Tvs. Q1 2024SEC
Q1 2024May 28, 2024Amended236$191.3MSchwab US Dividend Equity ETFState Street SPDR Portfolio S&P 500 Growth ETFState Street Consumer Staples Select Sector SPDR ETFvs. Q4 2023SEC
Q4 2023May 24, 2024Amended226$183.2MSchwab US Dividend Equity ETFState Street Consumer Staples Select Sector SPDR ETFInvesco Exchange Traded FD Tvs. Q3 2023SEC
Q3 2023May 24, 2024Amended251$168.6MSchwab US Dividend Equity ETFState Street Consumer Staples Select Sector SPDR ETFInvesco Exchange Traded FD Tvs. Q2 2023SEC
Q2 2023Oct 13, 2023241$168.7MSchwab US Dividend Equity ETFState Street Consumer Staples Select Sector SPDR ETFInvesco Exchange Traded FD Tvs. Q1 2023SEC
Q1 2023Oct 13, 2023243$162.9MSchwab US Dividend Equity ETFState Street Consumer Staples Select Sector SPDR ETFInvesco Exchange Traded FD Tvs. Q4 2022SEC
Q4 2022Oct 13, 2023224$152.3MSchwab US Dividend Equity ETFState Street Consumer Staples Select Sector SPDR ETFInvesco Exchange Traded FD Tvs. Q3 2022SEC
Q3 2022Oct 13, 2023241$140.4MSchwab US Dividend Equity ETFState Street Consumer Staples Select Sector SPDR ETFInvesco Exchange Traded FD Tvs. Q2 2022SEC
Q2 2022Oct 13, 2023221$142.8MSchwab US Dividend Equity ETFInvesco Exchange Traded FD TState Street Consumer Staples Select Sector SPDR ETFvs. Q1 2022SEC
Q1 2022Oct 13, 2023213$152.6MSchwab US Dividend Equity ETFInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFvs. Q4 2021SEC
Q4 2021Oct 13, 2023188$153.3MSchwab US Dividend Equity ETFInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETF–SEC