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Livermore
Livermore
ZHEN

Martel Wealth Advisors Inc

SEC CIK
0002039437
Latest filing
Jul 13, 2026

The latest 13F from Martel Wealth Advisors Inc covers Q2 2026 (filed Jul 13, 2026): 61 long positions worth $635.7M. The top 10 holdings make up 86.0% of the portfolio, and the largest is Vanguard Malvern FDS at 20.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

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
5
Est. +$1.23M
Added
23
Est. +$18.8M
Reduced
21
Est. −$5.40M
Sold out
17
Est. −$9.18M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Malvern FDS922020748
    20.3%$129.2M
  2. Vanguard Morningstar Growth ETF922908736
    19.7%$125.1M
  3. Vanguard High Dividend Yield Index ETF921946406
    18.6%$118.1M
  4. Vanguard Short-Term Bond ETF921937827
    12.2%$77.6M
  5. iShares Core MSCI Eafe ETF46432F842
    3.9%$24.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Malvern FDS922020748
    +$7.09MAdded
  2. Vanguard Short-Term Bond ETF921937827
    +$4.53MAdded
  3. Vanguard Morningstar Growth ETF922908736
    +$3.56MAddedConverted for a 6-for-1 split
  4. Vanguard High Dividend Yield Index ETF921946406
    +$1.93MAdded
  5. Vanguard World FD921910725
    +$422.0KAdded

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +2.20 pp17.5% → 19.7%
  2. Vanguard World FD921910725
    +0.07 pp<0.1% → 0.1%
  3. NVDANVIDIA Corp
    +0.07 pp0.1% → 0.1%History
  4. iShares Tr46435G425
    +0.05 pp0.0% → 0.1%
  5. Vanguard High Dividend Yield Index ETF921946406
    +0.05 pp18.5% → 18.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CATCaterpillar Inc
    −$2.83MSold outHistory
  2. MARMarriott International Inc
    −$1.12MReducedHistory
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$772.6KReduced
  4. SGISomnigroup International Inc.
    −$679.0KSold outHistory
  5. GOOGAlphabet Inc.
    −$579.5KSold outHistory

Largest weight decreases

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

  1. CATCaterpillar Inc
    −0.48 pp0.5% → 0.0%History
  2. MARMarriott International Inc
    −0.17 pp0.2% → <0.1%History
  3. iShares Core MSCI Eafe ETF46432F842
    −0.12 pp4.0% → 3.9%
  4. SGISomnigroup International Inc.
    −0.12 pp0.1% → 0.0%History
  5. GOOGAlphabet 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
$635.7M
+$48.2M (+8.2%) vs. prior quarter
Positions
61
−12 vs. prior quarter
Top 10 concentration
86.0%
Top 10 as share of value
Turnover
2.4%
Q2 2026, one quarter
Average holding period
18.6 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 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $635.7M (Q2 2026)

Q1 2021: $361.0MQ2 2021: $397.3MQ3 2021: $397.7MQ4 2021: $422.5MQ1 2022: $411.1MQ2 2022: $366.1MQ3 2022: $349.2MQ4 2022: $368.9MQ1 2023: $391.8MQ2 2023: $412.5MQ3 2023: $401.9MQ4 2023: $440.3MQ1 2024: $461.1MQ2 2024: $466.1MQ3 2024: $488.9MQ4 2024: $512.1MQ1 2025: $502.0MQ2 2025: $539.4MQ3 2025: $570.8MQ4 2025: $585.6MQ1 2026: $587.5MQ2 2026: $635.7M
Q1 2021Q2 2026
13F filings of Martel Wealth Advisors Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 13, 202661$635.7MVanguard Malvern FDSVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q1 2026SEC
Q1 2026May 1, 202673$587.5MVanguard Malvern FDSVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q4 2025SEC
Q4 2025Jan 21, 202670$585.6MVanguard Malvern FDSVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q3 2025SEC
Q3 2025Oct 14, 202570$570.8MVanguard Malvern FDSVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q2 2025SEC
Q2 2025Jul 18, 202570$539.4MVanguard Malvern FDSVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q1 2025SEC
Q1 2025Apr 16, 202569$502.0MVanguard Malvern FDSVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q4 2024SEC
Q4 2024Jan 16, 202570$512.1MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFVanguard Malvern FDSvs. Q3 2024SEC
Q3 2024Oct 9, 202453$488.9MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q2 2024SEC
Q2 2024Oct 9, 202453$466.1MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q1 2024SEC
Q1 2024Oct 9, 202454$461.1MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q4 2023SEC
Q4 2023Oct 9, 202454$440.3MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q3 2023SEC
Q3 2023Oct 9, 202450$401.9MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q2 2023SEC
Q2 2023Oct 9, 202454$412.5MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q1 2023SEC
Q1 2023Oct 9, 202449$391.8MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q4 2022SEC
Q4 2022Oct 9, 202448$368.9MVanguard Total Bond Market ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q3 2022SEC
Q3 2022Oct 9, 202447$349.2MVanguard Total Bond Market ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q2 2022SEC
Q2 2022Oct 9, 202447$366.1MVanguard Total Bond Market ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q1 2022SEC
Q1 2022Oct 9, 202450$411.1MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q4 2021SEC
Q4 2021Oct 9, 202447$422.5MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q3 2021SEC
Q3 2021Oct 9, 202445$397.7MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q2 2021SEC
Q2 2021Oct 9, 202445$397.3MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q1 2021SEC
Q1 2021Oct 9, 202444$361.0MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETF–SEC