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Livermore
Livermore
ZHEN

Tandem Financial, LLC

SEC CIK
0002049157
Latest filing
Aug 13, 2026

The latest 13F from Tandem Financial, LLC covers Q2 2026 (filed Aug 13, 2026): 99 long positions worth $310.8M. The top 10 holdings make up 52.0% of the portfolio, and the largest is iShares Core S&P 500 ETF at 12.2%. 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.

Full comparison
New
7
Est. +$1.87M
Added
40
Est. +$13.5M
Reduced
39
Est. −$21.2M
Sold out
2
Est. −$3.03M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    12.2%$38.1M
  2. Vanguard Intermediate-Term Bond ETF921937819
    7.6%$23.7M
  3. Vanguard Ftse Developed Markets ETF921943858
    5.8%$18.0M
  4. Schwab Fundamental Emerging Markets Equity ETF808524730
    4.5%$14.1M
  5. SPYSPDR S&P 500 ETF Trust
    4.4%$13.6MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Developed Markets ETF921943858
    +$3.10MAdded
  2. VanEck ETF Trust92189H748
    +$2.52MAdded
  3. Vanguard Ftse Emerging Markets ETF922042858
    +$2.17MAdded
  4. Schwab Fundamental Emerging Markets Equity ETF808524730
    +$1.02MAdded
  5. Vanguard Scottsdale FDS92206C102
    +$681.5KNew

Largest weight increases

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

  1. Vanguard Ftse Developed Markets ETF921943858
    +1.26 pp4.5% → 5.8%
  2. Vanguard Ftse Emerging Markets ETF922042858
    +0.75 pp1.1% → 1.9%
  3. VanEck ETF Trust92189H748
    +0.71 pp2.3% → 3.0%
  4. iShares Tr464288307
    +0.69 pp2.9% → 3.6%
  5. SPYSPDR S&P 500 ETF Trust
    +0.54 pp3.9% → 4.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$10.6MReduced
  2. J P Morgan Exchange Traded F46641Q761
    −$2.99MReduced
  3. State Street SPDR S&P Software & Services ETF78464A599
    −$2.75MSold out
  4. AAAUGoldman Sachs Physical Gold ETF
    −$1.90MReducedHistory
  5. Invesco QQQ Trust Series I46090E103
    −$1.82MReduced

Largest weight decreases

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

  1. iShares Core S&P 500 ETF464287200
    −2.12 pp14.4% → 12.2%
  2. AAAUGoldman Sachs Physical Gold ETF
    −0.96 pp1.9% → 0.9%History
  3. State Street SPDR S&P Software & Services ETF78464A599
    −0.93 pp0.9% → 0.0%
  4. J P Morgan Exchange Traded F46641Q761
    −0.64 pp2.7% → 2.0%
  5. iShares Tr464288109
    −0.39 pp2.5% → 2.2%

Metrics

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

Portfolio value
$310.8M
+$15.3M (+5.2%) vs. prior quarter
Positions
99
+5 vs. prior quarter
Top 10 concentration
52.0%
Top 10 as share of value
Turnover
5.1%
Q2 2026, one quarter
Average holding period
4.2 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 $310.8M (Q2 2026)

Q4 2024: $94.5MQ1 2025: $91.8MQ2 2025: $106.5MQ3 2025: $268.5MQ4 2025: $82.8MQ1 2026: $295.6MQ2 2026: $310.8M
Q4 2024Q2 2026
13F filings of Tandem Financial, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202699$310.8MiShares Core S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard Ftse Developed Markets ETFvs. Q1 2026SEC
Q1 2026May 8, 202694$295.6MiShares Core S&P 500 ETFVanguard Intermediate-Term Bond ETFVanEck ETF Trustvs. Q4 2025SEC
Q4 2025Feb 10, 202647$82.8MVanguard Long-Term Treasury ETFVanEck ETF TrustiShares Russell 1000 Growth ETFvs. Q3 2025SEC
Q3 2025Oct 31, 202588$268.5MiShares Core S&P 500 ETFVanguard Intermediate-Term Bond ETFVanEck ETF Trustvs. Q2 2025SEC
Q2 2025Aug 14, 202548$106.5MVanEck ETF TrustSPYSchwab Fundamental Emerging Markets Equity ETFvs. Q1 2025SEC
Q1 2025May 8, 202548$91.8MVanEck ETF TrustVanguard Long-Term Treasury ETFiShares Russell 1000 Value ETFvs. Q4 2024SEC
Q4 2024Jan 28, 202584$94.5MVanguard Long-Term Treasury ETFVanEck ETF TrustiShares Russell 1000 Growth ETF–SEC