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Livermore
Livermore
ZHEN

Sound Stewardship, LLC

SEC CIK
0001998101
Latest filing
Jul 13, 2026

The latest 13F from Sound Stewardship, LLC covers Q2 2026 (filed Jul 13, 2026): 73 long positions worth $242.4M. The top 10 holdings make up 57.4% of the portfolio, and the largest is Vanguard Total Bond Market ETF at 13.9%. 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
10
Est. +$2.48M
Added
37
Est. +$6.83M
Reduced
19
Est. −$1.02M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Total Bond Market ETF921937835
    13.9%$33.7M
  2. Schwab Strategic Tr808524789
    8.2%$19.8M
  3. iShares Core S&P 500 ETF464287200
    6.6%$16.0M
  4. Schwab Fundamental U.S. Small Company ETF808524763
    5.0%$12.2M
  5. iShares Tr464288273
    4.7%$11.3M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Total Bond Market ETF921937835
    +$1.26MAdded
  2. Invesco Exch TRD SLF Idx FD46138J577
    +$911.9KAdded
  3. iShares Tr464288273
    +$430.0KAdded
  4. Vanguard Ftse Developed Markets ETF921943858
    +$389.5KAdded
  5. iShares Core S&P 500 ETF464287200
    +$384.2KAdded

Largest weight increases

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

  1. Schwab Fundamental U.S. Small Company ETF808524763
    +0.40 pp4.7% → 5.0%
  2. iShares Core S&P 500 ETF464287200
    +0.36 pp6.2% → 6.6%
  3. iShares Core S&P Small Cap ETF464287804
    +0.23 pp3.0% → 3.3%
  4. Schwab Strategic Tr808524789
    +0.18 pp8.0% → 8.2%
  5. Vanguard Ftse Developed Markets ETF921943858
    +0.17 pp3.9% → 4.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Inc46434G764
    −$336.6KReduced
  2. Vanguard Information Technology ETF92204A702
    −$144.6KReducedConverted for a 8-for-1 split
  3. EPREpr Properties
    −$95.1KReducedHistory
  4. Timothy Plan887432359
    −$77.8KReduced
  5. AAgilent Technologies, Inc.
    −$64.4KReducedHistory

Largest weight decreases

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

  1. iShares Tr464288448
    −0.14 pp1.1% → 0.9%
  2. Timothy Plan887432334
    −0.08 pp0.9% → 0.9%
  3. Timothy Plan887432359
    −0.04 pp0.4% → 0.4%
  4. NEENextera Energy Inc
    −0.04 pp0.2% → 0.2%History
  5. EPREpr Properties
    −0.02 pp0.3% → 0.3%History

Metrics

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

Portfolio value
$242.4M
+$24.1M (+11.1%) vs. prior quarter
Positions
73
+10 vs. prior quarter
Top 10 concentration
57.4%
Top 10 as share of value
Turnover
0.4%
Q2 2026, one quarter
Average holding period
13.4 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 $242.4M (Q2 2026)

Q4 2022: $135.2MQ1 2023: $148.7MQ2 2023: $151.9MQ3 2023: $148.9MQ4 2023: $151.1MQ1 2024: $164.9MQ2 2024: $164.6MQ3 2024: $178.2MQ4 2024: $168.3MQ1 2025: $175.5MQ2 2025: $193.9MQ3 2025: $208.4MQ4 2025: $208.7MQ1 2026: $218.3MQ2 2026: $242.4M
Q4 2022Q2 2026
13F filings of Sound Stewardship, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 13, 202673$242.4MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 13, 202663$218.3MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 30, 202663$208.7MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 15, 202566$208.4MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q2 2025SEC
Q2 2025Jul 14, 202562$193.9MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 16, 202560$175.5MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 22, 202560$168.3MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 24, 202460$178.2MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 24, 202456$164.6MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q1 2024SEC
Q1 2024May 8, 202461$164.9MVanguard Total Bond Market ETFSchwab Strategic TriShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 17, 202465$151.1MSchwab Strategic TriShares Core S&P 500 ETFGLTRvs. Q3 2023SEC
Q3 2023Oct 26, 202365$148.9MSchwab Strategic TriShares Core S&P 500 ETFGLTRvs. Q2 2023SEC
Q2 2023Oct 26, 202360$151.9MSchwab Strategic TriShares Core S&P 500 ETFGLTRvs. Q1 2023SEC
Q1 2023Oct 26, 202360$148.7MSchwab Strategic TrGLTRiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Oct 26, 202357$135.2MSchwab Strategic TrGLTRInvesco Exch TRD SLF Idx FD–SEC