Skip to main content
Livermore
Livermore
ZHEN

Tenon Financial LLC

SEC CIK
0002020781
Latest filing
Jul 24, 2026

The latest 13F from Tenon Financial LLC covers Q2 2026 (filed Jul 24, 2026): 61 long positions worth $310.9M. The top 10 holdings make up 88.3% of the portfolio, and the largest is Vanguard S&P 500 ETF at 23.8%. Livermore has 10 filings on Form 13F from this institution, going back to Q1 2024.

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. +$3.42M
Added
29
Est. +$24.1M
Reduced
12
Est. −$1.02M
Sold out
3
Est. −$884.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    23.8%$74.1M
  2. Vanguard Index FDS922908652
    21.7%$67.3M
  3. Vanguard Star FDS921909768
    17.2%$53.3M
  4. Vanguard Total Bond Market ETF921937835
    12.8%$39.9M
  5. Vanguard Ftse Developed Markets ETF921943858
    4.7%$14.7M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$5.83MAdded
  2. Vanguard Index FDS922908652
    +$5.50MAdded
  3. Vanguard Star FDS921909768
    +$4.92MAdded
  4. Vanguard Total Bond Market ETF921937835
    +$4.62MAdded
  5. BRK.BBerkshire Hathaway Inc
    +$880.7KNewHistory

Largest weight increases

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

  1. Vanguard Index FDS922908652
    +1.36 pp20.3% → 21.7%
  2. Vanguard S&P 500 ETF922908363
    +0.51 pp23.3% → 23.8%
  3. BRK.BBerkshire Hathaway Inc
    +0.28 pp0.0% → 0.3%History
  4. Schwab Fundamental U.S. Large Company ETF808524771
    +0.22 pp0.0% → 0.2%
  5. Vanguard Morningstar Growth ETF922908736
    +0.18 pp0.4% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Total International Bond ETF92203J407
    −$408.3KSold out
  2. AAPLApple Inc.
    −$305.6KReducedHistory
  3. PLTRPalantir Technologies Inc.
    −$249.4KSold outHistory
  4. SPGIS&P Global Inc.
    −$227.1KSold outHistory
  5. RKLBRocket Lab Corp
    −$206.7KReducedHistory

Largest weight decreases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −0.22 pp3.4% → 3.2%
  2. AAPLApple Inc.
    −0.20 pp1.5% → 1.3%History
  3. Vanguard Total International Bond ETF92203J407
    −0.16 pp0.2% → 0.0%
  4. MSFTMicrosoft Corp
    −0.14 pp0.6% → 0.5%History
  5. PLTRPalantir Technologies Inc.
    −0.10 pp0.1% → 0.0%History

Metrics

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

Portfolio value
$310.9M
+$56.3M (+22.1%) vs. prior quarter
Positions
61
+7 vs. prior quarter
Top 10 concentration
88.3%
Top 10 as share of value
Turnover
0.7%
Q2 2026, one quarter
Average holding period
9.7 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 (Q1 2024), so positions held before then are understated.

13F filings by quarter

10 quarters, going back to Q1 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $310.9M (Q2 2026)

Q1 2024: $118.5MQ2 2024: $128.2MQ3 2024: $151.0MQ4 2024: $154.4MQ1 2025: $161.6MQ2 2025: $226.4MQ3 2025: $194.7MQ4 2025: $237.2MQ1 2026: $254.6MQ2 2026: $310.9M
Q1 2024Q2 2026
13F filings of Tenon Financial LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 202661$310.9MVanguard S&P 500 ETFVanguard Index FDSVanguard Star FDSvs. Q1 2026SEC
Q1 2026Apr 21, 202654$254.6MVanguard S&P 500 ETFVanguard Index FDSVanguard Star FDSvs. Q4 2025SEC
Q4 2025Jan 16, 202649$237.2MVanguard S&P 500 ETFVanguard Index FDSVanguard Star FDSvs. Q3 2025SEC
Q3 2025Oct 15, 202548$194.7MVanguard S&P 500 ETFVanguard Index FDSVanguard Star FDSvs. Q2 2025SEC
Q2 2025Jul 15, 202546$226.4MVanguard Index FDSVanguard Star FDSVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 17, 202546$161.6MVanguard S&P 500 ETFVanguard Index FDSVanguard Total Bond Market ETFvs. Q4 2024SEC
Q4 2024Jan 28, 202546$154.4MVanguard S&P 500 ETFVanguard Index FDSVanguard Total Bond Market ETFvs. Q3 2024SEC
Q3 2024Oct 23, 202444$151.0MVanguard S&P 500 ETFVanguard Index FDSVanguard Total Bond Market ETFvs. Q2 2024SEC
Q2 2024Jul 26, 202441$128.2MVanguard S&P 500 ETFVanguard Index FDSVanguard Total Bond Market ETFvs. Q1 2024SEC
Q1 2024Apr 26, 202438$118.5MVanguard S&P 500 ETFVanguard Index FDSVanguard Total Bond Market ETF–SEC