May Barnhard Investments LLC
- SEC CIK
- 0002052759
- Latest filing
- Jul 21, 2026
The latest 13F from May Barnhard Investments LLC covers Q2 2026 (filed Jul 21, 2026): 88 long positions worth $247.2M. The top 10 holdings make up 42.3% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 6.2%. 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
- 6
- Est. +$9.69M
- Added
- 36
- Est. +$6.52M
- Reduced
- 29
- Est. −$3.69M
- Sold out
- 2
- Est. −$453.6K
Top 5 holdings
Share of this quarter's portfolio value
- Schwab U.S. Large-Cap ETF8085242016.2%$15.3M
- Vanguard Morningstar Mid-Cap ETF9229086295.2%$12.9M
- iShares Core S&P Small Cap ETF4642878044.7%$11.7M
- Schwab U.S. Large-Cap Growth ETF8085243004.6%$11.3M
- Vanguard Morningstar Large-Cap ETF9229086373.9%$9.59M
Share of portfolio
Top 5 holdings and the other 83 positions, by share of portfolio value
- Schwab U.S. Large-Cap ETF6.2%
- Vanguard Morningstar Mid-Cap ETF5.2%
- iShares Core S&P Small Cap ETF4.7%
- Schwab U.S. Large-Cap Growth ETF4.6%
- Vanguard Morningstar Large-Cap ETF3.9%
- Other 83 positions75.4%
Biggest buys
New and added positions, by estimated amount bought
- Invesco QQQ Trust Series I46090E103+$8.49MNew
- Vanguard Admiral FDS Inc921932885+$1.17MAdded
- Vanguard Admiral FDS Inc921932828+$894.6KAdded
- Vanguard Morningstar Value ETF922908744+$752.7KAdded
- Vanguard Morningstar Large-Cap ETF922908637+$676.5KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Invesco QQQ Trust Series I46090E103+3.44 pp0.0% → 3.4%
- Vanguard Admiral FDS Inc921932885+0.42 pp1.1% → 1.5%
- Vanguard Admiral FDS Inc921932828+0.36 pp0.7% → 1.0%
- Vanguard Morningstar Growth ETF922908736+0.18 pp2.8% → 3.0%
- Vanguard Morningstar Large-Cap ETF922908637+0.12 pp3.8% → 3.9%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares S&P Small-Cap 600 Growth ETF464287887−$347.2KReduced
- Schwab U.S. Large-Cap Value ETF808524409−$332.2KReduced
- SPDR Series Trust78464A821−$304.2KReduced
- Schwab U.S. Large-Cap Growth ETF808524300−$274.1KReduced
- State Street SPDR S&P 400 Mid Cap Value ETF78464A839−$271.2KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Schwab U.S. Large-Cap ETF808524201−0.35 pp6.6% → 6.2%
- Schwab U.S. Large-Cap Value ETF808524409−0.33 pp4.1% → 3.7%
- State Street SPDR S&P 400 Mid Cap Value ETF78464A839−0.30 pp2.6% → 2.3%
- Schwab U.S. Large-Cap Growth ETF808524300−0.26 pp4.8% → 4.6%
- iShares Tr464287457−0.22 pp1.0% → 0.8%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $247.2M
- +$41.2M (+20.0%) vs. prior quarter
- Positions
- 88
- +4 vs. prior quarter
- Top 10 concentration
- 42.3%
- Top 10 as share of value
- Turnover
- 1.8%
- Q2 2026, one quarter
- Average holding period
- 10.2 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 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 $247.2M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 21, 2026 | 88 | $247.2M | Schwab U.S. Large-Cap ETFVanguard Morningstar Mid-Cap ETFiShares Core S&P Small Cap ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 13, 2026 | 84 | $206.0M | Schwab U.S. Large-Cap ETFVanguard Morningstar Mid-Cap ETFSchwab U.S. Large-Cap Growth ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 28, 2026 | 84 | $211.6M | Schwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Mid-Cap ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 6, 2025 | 84 | $215.7M | Schwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Mid-Cap ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 29, 2025 | 90 | $214.2M | Schwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFiShares Core S&P Small Cap ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 16, 2025 | 92 | $200.4M | Schwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFiShares Core S&P Small Cap ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 10, 2025 | 82 | $210.2M | Schwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFiShares Core S&P Small Cap ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Apr 8, 2025 | 82 | $204.7M | Schwab U.S. Large-Cap ETFiShares Core S&P Small Cap ETFSchwab U.S. Large-Cap Growth ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Apr 8, 2025 | 82 | $193.8M | Schwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFiShares Core S&P Small Cap ETF | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 8, 2025 | 80 | $199.8M | Schwab U.S. Large-Cap ETFiShares Core S&P Small Cap ETFSchwab U.S. Large-Cap Growth ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Apr 8, 2025 | 82 | $194.4M | iShares Core S&P Small Cap ETFSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETF | – | SEC |