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Livermore
Livermore
ZHEN

Elser Financial Planning, Inc

SEC CIK
0002028202
Latest filing
Jul 14, 2026

The latest 13F from Elser Financial Planning, Inc covers Q2 2026 (filed Jul 14, 2026): 124 long positions worth $2.31B. The top 10 holdings make up 86.9% of the portfolio, and the largest is Merchants Bancorp (MBIN) at 58.1%. Livermore has 10 filings on Form 13F from this institution, going back to Q2 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. +$2.67M
Added
47
Est. +$25.4M
Reduced
49
Est. −$26.7M
Sold out
18
Est. −$7.05M

Top 5 holdings

Share of this quarter's portfolio value

  1. MBINMerchants Bancorp
    58.1%$1.34BHistory
  2. Dimensional ETF Trust25434V872
    8.1%$186.5M
  3. Dimensional ETF Trust25434V104
    4.5%$102.9M
  4. Dimensional ETF Trust25434V799
    3.6%$82.2M
  5. Dimensional ETF Trust25434V401
    3.3%$75.5M

Share of portfolio

Top 5 holdings and the other 119 positions, by share of portfolio value

  1. MBIN58.1%
  2. Dimensional ETF Trust8.1%
  3. Dimensional ETF Trust4.5%
  4. Dimensional ETF Trust3.6%
  5. Dimensional ETF Trust3.3%
  6. Other 119 positions22.5%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V872
    +$9.17MAdded
  2. Dimensional ETF Trust25434V575
    +$3.81MAdded
  3. Vanguard S&P 500 ETF922908363
    +$2.52MAdded
  4. Dimensional ETF Trust25434V799
    +$1.37MAdded
  5. Vanguard Mun BD FDS922907738
    +$1.30MAdded

Largest weight increases

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

  1. Dimensional ETF Trust25434V104
    +0.12 pp4.3% → 4.5%
  2. Vanguard S&P 500 ETF922908363
    +0.12 pp0.3% → 0.4%
  3. Dimensional ETF Trust25434V831
    +0.06 pp1.0% → 1.1%
  4. Vanguard Mun BD FDS922907738
    +0.05 pp<0.1% → 0.1%
  5. Dimensional ETF Trust25434V716
    +0.04 pp0.5% → 0.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MBINMerchants Bancorp
    −$8.72MReducedHistory
  2. LLYEli Lilly & Co
    −$8.18MReducedHistory
  3. Dimensional U.S. Small Cap ETF25434V500
    −$1.34MReduced
  4. KOCoca Cola Co
    −$1.23MSold outHistory
  5. UNPUnion Pacific Corp
    −$862.7KReducedHistory

Largest weight decreases

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

  1. LLYEli Lilly & Co
    −0.19 pp1.2% → 1.0%History
  2. KOCoca Cola Co
    −0.06 pp0.1% → 0.0%History
  3. iShares Tr46435G243
    −0.05 pp0.3% → 0.3%
  4. FORAForian Inc.
    −0.04 pp<0.1% → 0.0%History
  5. UNPUnion Pacific Corp
    −0.04 pp0.1% → <0.1%History

Metrics

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

Portfolio value
$2.31B
+$245.9M (+11.9%) vs. prior quarter
Positions
124
−8 vs. prior quarter
Top 10 concentration
86.9%
Top 10 as share of value
Turnover
1.3%
Q2 2026, one quarter
Average holding period
3.4 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 (Q2 2024), so positions held before then are understated.

13F filings by quarter

9 quarters, going back to Q2 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.31B (Q2 2026)

Q2 2024: $598.6MQ3 2024: $68.9MQ4 2024: $1.67BQ1 2025: $72.2MQ2 2025: $80.2MQ3 2025: $83.0MQ4 2025: $136.2MQ1 2026: $2.06BQ2 2026: $2.31B
Q2 2024Q2 2026
13F filings of Elser Financial Planning, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 14, 2026124$2.31BMBINDimensional ETF TrustDimensional ETF Trustvs. Q1 2026SEC
Q1 2026Apr 16, 2026132$2.06BMBINDimensional ETF TrustDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Jan 15, 202680$136.2MDimensional ETF TrustLLYAAPLvs. Q3 2025SEC
Q3 2025Oct 24, 202569$83.0MLLYAAPLVanguard S&P 500 ETFvs. Q2 2025SEC
Q2 2025Jul 22, 2025Amended68$80.2MLLYAAPLVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 22, 202566$72.2MLLYAAPLVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 29, 2025110$1.67BMBINDimensional ETF TrustDimensional ETF Trustvs. Q3 2024SEC
Q3 2024Oct 17, 202462$68.9MLLYAAPLBROvs. Q2 2024SEC
Q2 2024Jul 23, 202498$598.6MDimensional ETF TrustDimensional ETF TrustDimensional ETF Trust–SEC