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Livermore
Livermore
ZHEN

Embree Financial Group

SEC CIK
0002020860
Latest filing
Jul 15, 2026

The latest 13F from Embree Financial Group covers Q2 2026 (filed Jul 15, 2026): 283 long positions worth $998.3M. The top 10 holdings make up 40.8% of the portfolio, and the largest is Invesco QQQ Trust Series I at 7.0%. 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
35
Est. +$26.4M
Added
128
Est. +$85.8M
Reduced
111
Est. −$63.7M
Sold out
13
Est. −$3.56M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    7.0%$69.6M
  2. BlackRock ETF Trust09290C103
    5.3%$52.5M
  3. SPYSPDR S&P 500 ETF Trust
    5.1%$50.7MHistory
  4. iShares Core S&P 500 ETF464287200
    4.7%$47.2M
  5. AAPLApple Inc.
    4.1%$40.8MHistory

Share of portfolio

Top 5 holdings and the other 278 positions, by share of portfolio value

  1. Invesco QQQ Trust Series I7.0%
  2. BlackRock ETF Trust5.3%
  3. SPY5.1%
  4. iShares Core S&P 500 ETF4.7%
  5. AAPL4.1%
  6. Other 278 positions73.9%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$27.6MAdded
  2. iShares Tr46436E403
    +$13.1MNew
  3. BlackRock ETF Trust09290C764
    +$11.5MAdded
  4. BlackRock ETF Trust09290C103
    +$9.82MAdded
  5. The Alger ETF Trust015564404
    +$5.79MAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +2.72 pp2.0% → 4.7%
  2. iShares Tr46436E403
    +1.31 pp0.0% → 1.3%
  3. BlackRock ETF Trust09290C764
    +1.10 pp1.7% → 2.8%
  4. BlackRock ETF Trust09290C103
    +0.96 pp4.3% → 5.3%
  5. The Alger ETF Trust015564404
    +0.60 pp0.2% → 0.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares S&P 500 Growth ETF464287309
    −$8.65MReduced
  2. Schwab U.S. Large-Cap ETF808524201
    −$5.46MReduced
  3. Invesco QQQ Trust Series I46090E103
    −$4.98MReduced
  4. SPYSPDR S&P 500 ETF Trust
    −$4.49MReducedHistory
  5. BlackRock ETF Trust09290C806
    −$4.16MReduced

Largest weight decreases

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

  1. iShares S&P 500 Growth ETF464287309
    −0.83 pp1.2% → 0.4%
  2. Dimensional ETF Trust25434V807
    −0.71 pp2.4% → 1.7%
  3. Schwab U.S. Large-Cap ETF808524201
    −0.64 pp3.8% → 3.2%
  4. Pgim ETF Tr69344A107
    −0.63 pp2.9% → 2.2%
  5. SPYSPDR S&P 500 ETF Trust
    −0.58 pp5.7% → 5.1%History

Metrics

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

Portfolio value
$998.3M
+$149.3M (+17.6%) vs. prior quarter
Positions
283
+22 vs. prior quarter
Top 10 concentration
40.8%
Top 10 as share of value
Turnover
7.3%
Q2 2026, one quarter
Average holding period
8.9 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 $998.3M (Q2 2026)

Q4 2023: $475.4MQ1 2024: $509.7MQ2 2024: $520.0MQ3 2024: $561.5MQ4 2024: $585.5MQ1 2025: $597.0MQ2 2025: $663.8MQ3 2025: $745.5MQ4 2025: $813.3MQ1 2026: $849.1MQ2 2026: $998.3M
Q4 2023Q2 2026
13F filings of Embree Financial Group by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 2026283$998.3MInvesco QQQ Trust Series IBlackRock ETF TrustSPYvs. Q1 2026SEC
Q1 2026Apr 24, 2026261$849.1MInvesco QQQ Trust Series ISPYBlackRock ETF Trustvs. Q4 2025SEC
Q4 2025Jan 14, 2026233$813.3MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETFvs. Q3 2025SEC
Q3 2025Oct 9, 2025226$745.5MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 16, 2025213$663.8MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETFvs. Q1 2025SEC
Q1 2025Apr 23, 2025201$597.0MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETFvs. Q4 2024SEC
Q4 2024Jan 21, 2025193$585.5MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETFvs. Q3 2024SEC
Q3 2024Oct 18, 2024195$561.5MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETFvs. Q2 2024SEC
Q2 2024Aug 1, 2024182$520.0MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETFvs. Q1 2024SEC
Q1 2024May 3, 2024186$509.7MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETFvs. Q4 2023SEC
Q4 2023Apr 30, 2024182$475.4MInvesco QQQ Trust Series ISPYSchwab U.S. Large-Cap ETF–SEC