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Livermore
Livermore
ZHEN

BWM Planning, LLC

SEC CIK
0002039698
Latest filing
Jul 23, 2026

The latest 13F from BWM Planning, LLC covers Q2 2026 (filed Jul 23, 2026): 99 long positions worth $431.2M. The top 10 holdings make up 59.4% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 11.0%. Livermore has 8 filings on Form 13F from this institution, going back to Q3 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
15
Est. +$5.71M
Added
52
Est. +$17.0M
Reduced
9
Est. −$1.82M
Sold out
3
Est. −$2.29M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    11.0%$47.4M
  2. American Centy ETF Tr025072877
    10.5%$45.2M
  3. American Centy ETF Tr025072174
    7.8%$33.5M
  4. American Centy ETF Tr025072703
    5.9%$25.6M
  5. Dimensional ETF Trust25434V203
    5.4%$23.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +$2.46MAdded
  2. American Centy ETF Tr025072174
    +$2.27MAdded
  3. DVNDevon Energy Corp
    +$1.59MNewHistory
  4. American Centy ETF Tr025072877
    +$1.49MAdded
  5. Dimensional ETF Trust25434V872
    +$1.26MAdded

Largest weight increases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +0.71 pp10.3% → 11.0%
  2. INTCIntel Corp
    +0.38 pp0.2% → 0.6%History
  3. DVNDevon Energy Corp
    +0.37 pp0.0% → 0.4%History
  4. American Centy ETF Tr025072877
    +0.27 pp10.2% → 10.5%
  5. SPYSPDR S&P 500 ETF Trust
    +0.23 pp0.7% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CTRACoterra Energy Inc.
    −$1.84MSold outHistory
  2. Dimensional U.S. Small Cap ETF25434V500
    −$742.2KReduced
  3. PSXPhillips 66
    −$721.0KReducedHistory
  4. TAT&T Inc.
    −$232.9KSold outHistory
  5. Dimensional Emerging Core Equity Market ETF25434V302
    −$213.1KReduced

Largest weight decreases

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

  1. CTRACoterra Energy Inc.
    −0.49 pp0.5% → 0.0%History
  2. XOMExxonMobil Holdings Corp
    −0.32 pp1.1% → 0.8%History
  3. PSXPhillips 66
    −0.25 pp0.5% → 0.2%History
  4. Dimensional U.S. Small Cap ETF25434V500
    −0.15 pp1.1% → 0.9%
  5. American Centy ETF Tr025072802
    −0.09 pp0.9% → 0.8%

Metrics

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

Portfolio value
$431.2M
+$52.1M (+13.8%) vs. prior quarter
Positions
99
+12 vs. prior quarter
Top 10 concentration
59.4%
Top 10 as share of value
Turnover
1.0%
Q2 2026, one quarter
Average holding period
7.8 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 (Q3 2024), so positions held before then are understated.

13F filings by quarter

8 quarters, going back to Q3 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $431.2M (Q2 2026)

Q3 2024: $225.4MQ4 2024: $229.8MQ1 2025: $236.3MQ2 2025: $290.3MQ3 2025: $336.1MQ4 2025: $374.2MQ1 2026: $379.1MQ2 2026: $431.2M
Q3 2024Q2 2026
13F filings of BWM Planning, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202699$431.2MVanguard Morningstar Total Stock Market ETFAmerican Centy ETF TrAmerican Centy ETF Trvs. Q1 2026SEC
Q1 2026Apr 22, 202687$379.1MVanguard Morningstar Total Stock Market ETFAmerican Centy ETF TrAmerican Centy ETF Trvs. Q4 2025SEC
Q4 2025Jan 14, 202694$374.2MVanguard Morningstar Total Stock Market ETFAmerican Centy ETF TrAmerican Centy ETF Trvs. Q3 2025SEC
Q3 2025Oct 31, 202590$336.1MVanguard Morningstar Total Stock Market ETFAmerican Centy ETF TrAmerican Centy ETF Trvs. Q2 2025SEC
Q2 2025Aug 12, 202581$290.3MVanguard Morningstar Total Stock Market ETFAmerican Centy ETF TrDimensional ETF Trustvs. Q1 2025SEC
Q1 2025May 14, 202577$236.3MVanguard Morningstar Total Stock Market ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q4 2024SEC
Q4 2024Jan 23, 202576$229.8MVanguard Morningstar Total Stock Market ETFDimensional ETF TrustAAPLvs. Q3 2024SEC
Q3 2024Oct 9, 202476$225.4MDimensional ETF TrustVanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETF–SEC