Modern Wealth Management, LLC
- SEC CIK
- 0002001900
- Latest filing
- Aug 13, 2026
The latest 13F from Modern Wealth Management, LLC covers Q2 2026 (filed Aug 13, 2026): 1,101 long positions worth $8.37B. The top 10 holdings make up 22.1% of the portfolio, and the largest is Fidelity Merrimack STR Tr at 4.4%. Livermore has 28 filings on Form 13F from this institution, going back to Q4 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.
- New
- 268
- Est. +$756.3M
- Added
- 548
- Est. +$1.94B
- Reduced
- 250
- Est. −$623.9M
- Sold out
- 37
- Est. −$59.7M
Top 5 holdings
Share of this quarter's portfolio value
- Fidelity Merrimack STR Tr3161883094.4%$368.9M
- J P Morgan Exchange Traded F46641Q6702.4%$201.9M
- State Street SPDR Portfolio S&P 500 ETF78464A8542.4%$198.5M
- Putnam ETF Trust7467293002.3%$194.1M
- AAPLApple Inc.
Biggest buys
New and added positions, by estimated amount bought
- Fidelity Merrimack STR Tr316188309+$140.8MAdded
- J P Morgan Exchange Traded F46641Q670+$99.3MAdded
- State Street SPDR Portfolio S&P 500 ETF78464A854+$91.1MAdded
- SPYSPDR S&P 500 ETF Trust
- Putnam ETF Trust746729300+$76.6MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- American Centy ETF Tr025072307+0.87 pp0.0% → 0.9%
- PIMCO ETF Tr72201R585+0.83 pp<0.1% → 0.9%
- SPYSPDR S&P 500 ETF Trust
- State Street SPDR Portfolio S&P 500 ETF78464A854+0.75 pp1.6% → 2.4%
- J P Morgan Exchange Traded F46641Q670+0.65 pp1.8% → 2.4%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Janus Detroit STR Tr47103U852−$60.4MReduced
- iShares S&P Mid-Cap 400 Growth ETF464287606−$57.4MReduced
- iShares S&P Small-Cap 600 Value ETF464287879−$55.9MReduced
- T Rowe Price Exchange-Traded87283Q867−$46.5MReduced
- SPDR Series Trust78468R101−$42.0MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Janus Detroit STR Tr47103U852−1.20 pp1.6% → 0.4%
- iShares S&P Mid-Cap 400 Growth ETF464287606−0.86 pp0.9% → <0.1%
- iShares S&P Small-Cap 600 Value ETF464287879−0.84 pp0.8% → <0.1%
- SPDR Series Trust78468R101−0.82 pp1.0% → 0.2%
- T Rowe Price Exchange-Traded87283Q867−0.71 pp0.8% → 0.1%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $8.37B
- +$2.56B (+43.9%) vs. prior quarter
- Positions
- 1,101
- +231 vs. prior quarter
- Top 10 concentration
- 22.1%
- Top 10 as share of value
- Turnover
- 9.6%
- Q2 2026, one quarter
- Average holding period
- 7.3 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 2023), so positions held before then are understated.
13F filings by quarter
11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $8.37B (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 13, 2026 | 1,101 | $8.37B | Fidelity Merrimack STR TrJ P Morgan Exchange Traded FState Street SPDR Portfolio S&P 500 ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 14, 2026 | 870 | $5.82B | Fidelity Merrimack STR TrJanus Detroit STR TrAAPL | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 17, 2026 | 841 | $5.48B | Fidelity Merrimack STR TrAAPLJanus Detroit STR Tr | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 12, 2025 | 804 | $5.05B | Janus Detroit STR TrInvesco QQQ Trust Series ISPDR Series Trust | vs. Q2 2025 | SEC |
| Q2 2025 | Nov 12, 2025Amended | 776 | $4.06B | Invesco QQQ Trust Series ISPDR Series TrustiShares S&P 500 Growth ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Jun 2, 2025Amended | 675 | $3.12B | SPDR Series TrustSPYiShares S&P 500 Growth ETF | vs. Q4 2024 | SECSEC |
| Q4 2024 | May 30, 2025Amended | 579 | $2.68B | SPDR Series TrustiShares S&P 500 Growth ETFSPY | vs. Q3 2024 | SECSEC |
| Q3 2024 | May 30, 2025Amended | 435 | $1.63B | iShares TrInvesco QQQ Trust Series ISPY | vs. Q2 2024 | SEC |
| Q2 2024 | May 29, 2025Amended | 404 | $1.36B | Invesco QQQ Trust Series IiShares TriShares S&P 500 Growth ETF | vs. Q1 2024 | SECSEC |
| Q1 2024 | May 29, 2025Amended | 297 | $1.08B | iShares TrInvesco QQQ TrSPY | vs. Q4 2023 | SECSEC |
| Q4 2023 | May 28, 2025Amended | 191 | $792.2M | iShares TrInvesco QQQ Trust Series IiShares S&P 500 Growth ETF | – | SECSEC |