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Livermore
Livermore
ZHEN

Mustard Seed Financial, LLC

SEC CIK
0002011321
Latest filing
Aug 5, 2026

The latest 13F from Mustard Seed Financial, LLC covers Q2 2026 (filed Aug 5, 2026): 97 long positions worth $192.5M. The top 10 holdings make up 54.2% of the portfolio, and the largest is Vanguard Short-Term Bond ETF at 8.7%. Livermore has 11 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.

Full comparison
New
9
Est. +$2.79M
Added
44
Est. +$14.1M
Reduced
19
Est. −$1.21M
Sold out
4
Est. −$926.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Short-Term Bond ETF921937827
    8.7%$16.8M
  2. Vanguard Scottsdale FDS92206C409
    8.0%$15.4M
  3. Vanguard Morningstar Growth ETF922908736
    6.8%$13.2M
  4. Vanguard Intermediate-Term Bond ETF921937819
    6.2%$12.0M
  5. Dimensional ETF Trust25434V666
    5.3%$10.3M

Share of portfolio

Top 5 holdings and the other 92 positions, by share of portfolio value

  1. Vanguard Short-Term Bond ETF8.7%
  2. Vanguard Scottsdale FDS8.0%
  3. Vanguard Morningstar Growth ETF6.8%
  4. Vanguard Intermediate-Term Bond ETF6.2%
  5. Dimensional ETF Trust5.3%
  6. Other 92 positions64.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Intermediate-Term Bond ETF921937819
    +$1.76MAdded
  2. Dimensional ETF Trust25434V864
    +$1.53MAdded
  3. Dimensional ETF Trust25434V666
    +$1.46MAdded
  4. Vanguard Mun BD FDS922907746
    +$971.7KAdded
  5. Vanguard Morningstar Growth ETF922908736
    +$966.6KAddedConverted for a 6-for-1 split

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +0.66 pp6.2% → 6.8%
  2. Dimensional ETF Trust25434V666
    +0.57 pp4.8% → 5.3%
  3. Dimensional ETF Trust25434V864
    +0.55 pp1.8% → 2.4%
  4. Dimensional Emerging Core Equity Market ETF25434V302
    +0.33 pp1.8% → 2.1%
  5. Dimensional Ultrashort Fixed Income ETF25434V591
    +0.24 pp0.5% → 0.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional ETF Trust25434V617
    −$333.4KReduced
  2. ALBAlbemarle Corp
    −$285.1KSold outHistory
  3. TAT&T Inc.
    −$237.9KSold outHistory
  4. Vanguard Star FDS921909768
    −$227.9KReduced
  5. DDSDillard's, Inc.
    −$203.1KSold outHistory

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.55 pp1.8% → 1.2%History
  2. Vanguard Star FDS921909768
    −0.26 pp3.8% → 3.5%
  3. MURMurphy Oil Corp
    −0.21 pp0.5% → 0.3%History
  4. Dimensional ETF Trust25434V617
    −0.19 pp0.7% → 0.5%
  5. ALBAlbemarle Corp
    −0.17 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$192.5M
+$25.6M (+15.3%) vs. prior quarter
Positions
97
+5 vs. prior quarter
Top 10 concentration
54.2%
Top 10 as share of value
Turnover
1.2%
Q2 2026, one quarter
Average holding period
10.2 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 $192.5M (Q2 2026)

Q4 2023: $88.5MQ1 2024: $100.2MQ2 2024: $104.5MQ3 2024: $120.5MQ4 2024: $123.1MQ1 2025: $124.3MQ2 2025: $138.8MQ3 2025: $155.6MQ4 2025: $159.1MQ1 2026: $166.9MQ2 2026: $192.5M
Q4 2023Q2 2026
13F filings of Mustard Seed Financial, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 202697$192.5MVanguard Short-Term Bond ETFVanguard Scottsdale FDSVanguard Morningstar Growth ETFvs. Q1 2026SEC
Q1 2026Apr 27, 202692$166.9MVanguard Short-Term Bond ETFVanguard Scottsdale FDSVanguard Morningstar Growth ETFvs. Q4 2025SEC
Q4 2025Jan 23, 202686$159.1MVanguard Short-Term Bond ETFVanguard Scottsdale FDSVanguard Morningstar Growth ETFvs. Q3 2025SEC
Q3 2025Oct 20, 202592$155.6MVanguard Short-Term Bond ETFVanguard Scottsdale FDSVanguard Morningstar Growth ETFvs. Q2 2025SEC
Q2 2025Jul 17, 202586$138.8MVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFVanguard Scottsdale FDSvs. Q1 2025SEC
Q1 2025May 12, 202581$124.3MVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFVanguard Scottsdale FDSvs. Q4 2024SEC
Q4 2024Jan 17, 202581$123.1MVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFVanguard Scottsdale FDSvs. Q3 2024SEC
Q3 2024Oct 15, 202483$120.5MVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFVanguard Scottsdale FDSvs. Q2 2024SEC
Q2 2024Jul 16, 202479$104.5MVanguard Short-Term Bond ETFVanguard Scottsdale FDSVanguard Morningstar Value ETFvs. Q1 2024SEC
Q1 2024Apr 18, 202478$100.2MVanguard Short-Term Bond ETFVanguard Scottsdale FDSVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023Feb 13, 202474$88.5MVanguard Short-Term Bond ETFVanguard Scottsdale FDSVanguard Morningstar Value ETF–SEC