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Livermore
Livermore
ZHEN

von Borstel & Associates, Inc.

SEC CIK
0002041065
Latest filing
Aug 13, 2026

The latest 13F from von Borstel & Associates, Inc. covers Q2 2026 (filed Aug 13, 2026): 44 long positions worth $487.7M. The top 10 holdings make up 90.7% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 31.9%. 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
4
Est. +$934.0K
Added
23
Est. +$12.0M
Reduced
12
Est. −$1.92M
Sold out
2
Est. −$479.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    31.9%$155.8M
  2. Dimensional ETF Trust25434V583
    18.1%$88.0M
  3. Dimensional ETF Trust25434V799
    10.4%$50.9M
  4. Dimensional ETF Trust25434V815
    6.7%$32.5M
  5. Dimensional ETF Trust25434V831
    6.6%$32.0M

Share of portfolio

Top 5 holdings and the other 39 positions, by share of portfolio value

  1. Dimensional U.S. Core Equity 2 ETF31.9%
  2. Dimensional ETF Trust18.1%
  3. Dimensional ETF Trust10.4%
  4. Dimensional ETF Trust6.7%
  5. Dimensional ETF Trust6.6%
  6. Other 39 positions26.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V583
    +$4.94MAdded
  2. Dimensional ETF Trust25434V799
    +$1.78MAdded
  3. Dimensional ETF Trust25434V716
    +$916.4KAdded
  4. Dimensional ETF Trust25434V674
    +$888.0KAdded
  5. Dimensional ETF Trust25434V781
    +$743.5KAdded

Largest weight increases

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

  1. Dimensional ETF Trust25434V831
    +0.23 pp6.3% → 6.6%
  2. Dimensional ETF Trust25434V716
    +0.19 pp0.3% → 0.5%
  3. Dimensional ETF Trust25434V674
    +0.16 pp0.2% → 0.4%
  4. Dimensional ETF Trust25434V690
    +0.08 pp0.2% → 0.3%
  5. XOMExxonMobil Holdings Corp
    +0.05 pp0.0% → <0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional ETF Trust25434V757
    −$895.8KReduced
  2. Dimensional ETF Trust25434V732
    −$407.0KReduced
  3. Dimensional ETF Trust25434V740
    −$347.2KReduced
  4. XOMExxonMobil Holdings Corp
    −$269.0KSold outHistory
  5. NKENIKE, Inc.
    −$210.0KSold outHistory

Largest weight decreases

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

  1. Dimensional ETF Trust25434V864
    −0.27 pp2.5% → 2.3%
  2. XOMExxonMobil Holdings Corp
    −0.06 pp0.1% → 0.0%History
  3. NKENIKE, Inc.
    −0.05 pp<0.1% → 0.0%History
  4. COSTCostco Wholesale Corp
    −0.03 pp0.1% → 0.1%History
  5. METAMeta Platforms, Inc.
    −0.01 pp0.1% → <0.1%History

Metrics

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

Portfolio value
$487.7M
+$50.7M (+11.6%) vs. prior quarter
Positions
44
+2 vs. prior quarter
Top 10 concentration
90.7%
Top 10 as share of value
Turnover
0.5%
Q2 2026, one quarter
Average holding period
8.0 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 $652.1M (Q3 2025)

Q3 2024: $176.5MQ4 2024: $255.4MQ1 2025: $334.7MQ2 2025: $379.3MQ3 2025: $652.1MQ4 2025: $426.6MQ1 2026: $437.0MQ2 2026: $487.7M
Q3 2024Q2 2026
13F filings of von Borstel & Associates, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202644$487.7MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q1 2026SEC
Q1 2026May 12, 202642$437.0MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Feb 12, 202640$426.6MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q3 2025SEC
Q3 2025Nov 14, 2025171$652.1MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Aug 11, 202540$379.3MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q1 2025SEC
Q1 2025Apr 29, 2025148$334.7MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Feb 11, 202538$255.4MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q3 2024SEC
Q3 2024Oct 15, 202436$176.5MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trust–SEC