K2 Financial Inc.
- SEC CIK
- 0002044711
- Latest filing
- Jul 21, 2026
The latest 13F from K2 Financial Inc. covers Q2 2026 (filed Jul 21, 2026): 60 long positions worth $141.7M. The top 10 holdings make up 50.2% of the portfolio, and the largest is Vanguard Ftse Developed Markets ETF at 9.7%. Livermore has 7 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.
- New
- 1
- Est. +$327.5K
- Added
- 24
- Est. +$2.46M
- Reduced
- 33
- Est. −$16.6M
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Ftse Developed Markets ETF9219438589.7%$13.7M
- Schwab U.S. Large-Cap ETF8085242018.4%$11.9M
- Vanguard Total Bond Market ETF9219378355.7%$8.08M
- Schwab U.S. Small-Cap ETF8085246074.1%$5.83M
- Vanguard Mun BD FDS9229077464.0%$5.69M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Mun BD FDS922907746+$348.7KAdded
- Vanguard Total Bond Market ETF921937835+$341.3KAdded
- SEI Exchange Traded Funds81589A874+$327.5KNew
- Vanguard Total International Bond ETF92203J407+$221.1KAdded
- iShares Broad Usd Investment Grade Corporate Bond ETF464288620+$216.2KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Ftse Developed Markets ETF921943858+0.26 pp9.4% → 9.7%
- SEI Exchange Traded Funds81589A874+0.23 pp0.0% → 0.2%
- Vanguard Mun BD FDS922907746+0.14 pp3.9% → 4.0%
- Vanguard Morningstar Value ETF922908744+0.12 pp2.1% → 2.2%
- SEI Exchange Traded Funds81589A106+0.10 pp1.8% → 1.9%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Morningstar Growth ETF922908736−$14.2MReducedConverted for a 6-for-1 split
- iShares Tr464288414−$413.7KReduced
- iShares Tr464288158−$350.3KReduced
- SEI Exchange Traded Funds81589A205−$330.4KReduced
- Schwab U.S. Small-Cap ETF808524607−$292.0KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464288414−0.40 pp3.9% → 3.5%
- iShares Tr464288158−0.34 pp2.9% → 2.6%
- Abrdn ETFs003261104−0.24 pp1.9% → 1.6%
- Dimensional ETF Trust25434V401−0.10 pp1.2% → 1.1%
- SEI Exchange Traded Funds81589A205−0.07 pp3.9% → 3.8%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $141.7M
- +$4.18M (+3.0%) vs. prior quarter
- Positions
- 60
- +1 vs. prior quarter
- Top 10 concentration
- 50.2%
- Top 10 as share of value
- Turnover
- 2.0%
- Q2 2026, one quarter
- Average holding period
- 6.8 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 (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 $141.7M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 21, 2026 | 60 | $141.7M | Vanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap ETFVanguard Total Bond Market ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 29, 2026 | 59 | $137.5M | Vanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap ETFVanguard Total Bond Market ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 22, 2026 | 58 | $129.4M | Vanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap ETFVanguard Total Bond Market ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 16, 2025 | 58 | $124.5M | Vanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap ETFVanguard Total Bond Market ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 17, 2025 | 59 | $113.4M | Vanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap ETFVanguard Total Bond Market ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 25, 2025 | 60 | $101.9M | Vanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap ETFiShares Tr | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 7, 2025 | 60 | $100.6M | Vanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap ETFiShares Tr | – | SEC |