Penney Financial, LLC
- SEC CIK
- 0002049857
- Latest filing
- Jul 22, 2026
The latest 13F from Penney Financial, LLC covers Q2 2026 (filed Jul 22, 2026): 53 long positions worth $286.1M. The top 10 holdings make up 79.9% of the portfolio, and the largest is Dimensional ETF Trust at 25.6%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 2023.
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
- 7
- Est. +$87.6M
- Added
- 9
- Est. +$18.2M
- Reduced
- 18
- Est. −$101.8M
- Sold out
- 2
- Est. −$567.1K
Top 5 holdings
Share of this quarter's portfolio value
- Dimensional ETF Trust25434V40125.6%$73.2M
- Vanguard Morningstar Total Stock Market ETF92290876915.8%$45.2M
- Vanguard Ftse Developed Markets ETF9219438588.5%$24.4M
- Vanguard Malvern FDS9220207487.0%$20.1M
- iShares Tr46436E7185.5%$15.6M
Share of portfolio
Top 5 holdings and the other 48 positions, by share of portfolio value
- Dimensional ETF Trust25.6%
- Vanguard Morningstar Total Stock Market ETF15.8%
- Vanguard Ftse Developed Markets ETF8.5%
- Vanguard Malvern FDS7.0%
- iShares Tr5.5%
- Other 48 positions37.6%
Biggest buys
New and added positions, by estimated amount bought
- Dimensional ETF Trust25434V401+$73.2MNew
- Vanguard Malvern FDS922020748+$13.0MAdded
- Vanguard Mun BD FDS922907712+$8.67MNew
- Dimensional ETF Trust25434V864+$3.96MNew
- JPMorgan Ultra-Short Income ETF46641Q837+$3.86MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Dimensional ETF Trust25434V401+25.59 pp0.0% → 25.6%
- Vanguard Malvern FDS922020748+4.29 pp2.7% → 7.0%
- Vanguard Mun BD FDS922907712+3.03 pp0.0% → 3.0%
- Dimensional ETF Trust25434V864+1.38 pp0.0% → 1.4%
- JPMorgan Ultra-Short Income ETF46641Q837+1.33 pp0.2% → 1.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Goldman Sachs ETF Tr381430503−$67.0MReduced
- Vanguard Morningstar Small-Cap ETF922908751−$7.10MReduced
- Morgan Stanley ETF Trust61774R841−$6.59MReduced
- iShares Core U.S. Aggregate Bond ETF464287226−$4.28MReduced
- Franklin Templeton ETF Tr35473P868−$4.24MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Goldman Sachs ETF Tr381430503−22.65 pp22.9% → 0.3%
- Morgan Stanley ETF Trust61774R841−2.55 pp2.7% → 0.2%
- Vanguard Morningstar Small-Cap ETF922908751−2.35 pp2.5% → 0.1%
- Franklin Templeton ETF Tr35473P868−1.69 pp2.8% → 1.1%
- iShares Core U.S. Aggregate Bond ETF464287226−1.65 pp1.7% → 0.1%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $286.1M
- +$25.4M (+9.8%) vs. prior quarter
- Positions
- 53
- +5 vs. prior quarter
- Top 10 concentration
- 79.9%
- Top 10 as share of value
- Turnover
- 37.4%
- Q2 2026, one quarter
- Average holding period
- 6.6 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 2023), so positions held before then are understated.
13F filings by quarter
11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $286.1M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 22, 2026 | 53 | $286.1M | Dimensional ETF TrustVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 22, 2026 | 48 | $260.6M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 21, 2026 | 49 | $259.1M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 21, 2025 | 49 | $223.3M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 23, 2025 | 42 | $196.7M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q1 2025 | SEC |
| Q1 2025 | May 2, 2025 | 37 | $152.3M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 23, 2025 | 39 | $149.1M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Dec 31, 2024 | 36 | $146.6M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Dec 31, 2024 | 34 | $136.7M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q1 2024 | SEC |
| Q1 2024 | Dec 31, 2024 | 33 | $135.4M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Dec 26, 2024 | 31 | $120.9M | Goldman Sachs ETF TrVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETF | – | SEC |