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Livermore
Livermore
ZHEN

Seros Financial, LLC

SEC CIK
0002039918
Latest filing
Aug 13, 2026

The latest 13F from Seros Financial, LLC covers Q2 2026 (filed Aug 13, 2026): 66 long positions worth $192.0M. The top 10 holdings make up 72.4% of the portfolio, and the largest is Invesco Exch Traded FD Tr II at 15.0%. Livermore has 8 filings on Form 13F from this institution, going back to Q4 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
11
Est. +$13.0M
Added
28
Est. +$9.52M
Reduced
21
Est. −$12.3M
Sold out
3
Est. −$811.5K

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco Exch Traded FD Tr II46138E339
    15.0%$28.7M
  2. Invesco QQQ Trust Series I46090E103
    9.5%$18.3M
  3. Invesco Exchange Traded FD T46137V498
    8.5%$16.4M
  4. Schwab International Equity ETF808524805
    6.8%$13.1M
  5. Legg Mason ETF Invt52468L505
    5.8%$11.2M

Biggest buys

New and added positions, by estimated amount bought

  1. American Centy ETF Tr025072349
    +$9.95MNew
  2. Invesco Exchange Traded FD T46137V498
    +$4.63MAdded
  3. Invesco Nasdaq 100 ETF46138G649
    +$992.2KAdded
  4. Schwab U.S. Large-Cap ETF808524201
    +$737.3KAdded
  5. First Tr Exch Traded FD III33739E108
    +$658.0KAdded

Largest weight increases

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

  1. American Centy ETF Tr025072349
    +5.18 pp0.0% → 5.2%
  2. Invesco Exchange Traded FD T46137V498
    +2.46 pp6.1% → 8.5%
  3. Invesco Nasdaq 100 ETF46138G649
    +0.55 pp0.7% → 1.2%
  4. Invesco QQQ Trust Series I46090E103
    +0.44 pp9.1% → 9.5%
  5. VanEck Semiconductor ETF92189F676
    +0.36 pp0.6% → 1.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BRK.BBerkshire Hathaway Inc
    −$9.55MReducedHistory
  2. Invesco Exch Traded FD Tr II46138E339
    −$1.39MReduced
  3. Invesco Exch Traded FD Tr II46138G672
    −$314.7KReduced
  4. Invesco Exchange Traded FD T46137V357
    −$297.5KSold out
  5. METAMeta Platforms, Inc.
    −$260.4KSold outHistory

Largest weight decreases

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

  1. BRK.BBerkshire Hathaway Inc
    −5.89 pp6.3% → 0.4%History
  2. Invesco Exchange Traded FD T46137V357
    −0.19 pp0.2% → 0.0%
  3. Invesco Exch Traded FD Tr II46138G672
    −0.18 pp0.3% → 0.1%
  4. METAMeta Platforms, Inc.
    −0.17 pp0.2% → 0.0%History
  5. Global X FDS37954Y574
    −0.16 pp0.2% → 0.0%

Metrics

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

Portfolio value
$192.0M
+$34.9M (+22.2%) vs. prior quarter
Positions
66
+8 vs. prior quarter
Top 10 concentration
72.4%
Top 10 as share of value
Turnover
7.5%
Q2 2026, one quarter
Average holding period
5.6 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 (Q4 2024), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $192.0M (Q2 2026)

Q4 2024: $111.1MQ1 2025: $133.8MQ2 2025: $157.8MQ3 2025: $165.3MQ4 2025: $170.5MQ1 2026: $157.1MQ2 2026: $192.0M
Q4 2024Q2 2026
13F filings of Seros Financial, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202666$192.0MInvesco Exch Traded FD Tr IIInvesco QQQ Trust Series IInvesco Exchange Traded FD Tvs. Q1 2026SEC
Q1 2026May 5, 202658$157.1MInvesco Exch Traded FD Tr IIInvesco QQQ Trust Series ISchwab International Equity ETFvs. Q4 2025SEC
Q4 2025Feb 6, 202661$170.5MInvesco Exch Traded FD Tr IIInvesco QQQ Trust Series IBRK.Bvs. Q3 2025SEC
Q3 2025Dec 11, 2025Amended63$165.3MInvesco Exch Traded FD Tr IIInvesco QQQ Trust Series IBRK.Bvs. Q2 2025SEC
Q2 2025Jul 21, 202561$157.8MFirst Tr Exchng Traded FD VIInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q1 2025SEC
Q1 2025Apr 16, 202555$133.8MInvesco Exch Traded FD Tr IIInvesco QQQ Trust Series IBRK.Bvs. Q4 2024SEC
Q4 2024Jan 17, 202552$111.1MInvesco QQQ Trust Series IiShares Russell Top 200 Growth ETFiShares S&P 500 Value ETF–SEC