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Livermore
Livermore
ZHEN

Partners in Financial Planning

SEC CIK
0002054264
Latest filing
Aug 10, 2026

The latest 13F from Partners in Financial Planning covers Q2 2026 (filed Aug 10, 2026): 131 long positions worth $659.5M. The top 10 holdings make up 68.6% of the portfolio, and the largest is Vanguard Total Bond Market ETF at 11.8%. Livermore has 21 filings on Form 13F from this institution, going back to Q2 2021.

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
11
Est. +$2.77M
Added
51
Est. +$10.6M
Reduced
29
Est. −$5.49M
Sold out
2
Est. −$414.2K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Total Bond Market ETF921937835
    11.8%$78.0M
  2. Vanguard Morningstar Growth ETF922908736
    10.8%$71.1M
  3. Vanguard Morningstar Value ETF922908744
    9.9%$65.3M
  4. Vanguard Total International Bond ETF92203J407
    9.5%$62.4M
  5. Vanguard Ftse Developed Markets ETF921943858
    8.3%$55.0M

Share of portfolio

Top 5 holdings and the other 126 positions, by share of portfolio value

  1. Vanguard Total Bond Market ETF11.8%
  2. Vanguard Morningstar Growth ETF10.8%
  3. Vanguard Morningstar Value ETF9.9%
  4. Vanguard Total International Bond ETF9.5%
  5. Vanguard Ftse Developed Markets ETF8.3%
  6. Other 126 positions49.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Total International Bond ETF92203J407
    +$2.51MAdded
  2. SPYSPDR S&P 500 ETF Trust
    +$1.57MAddedHistory
  3. Vanguard Mun BD FDS922907746
    +$1.30MAdded
  4. Vanguard Total Bond Market ETF921937835
    +$1.21MAdded
  5. Vanguard Short-Term Bond ETF921937827
    +$904.5KAdded

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +0.90 pp9.9% → 10.8%
  2. SPYSPDR S&P 500 ETF Trust
    +0.24 pp0.1% → 0.3%History
  3. Vanguard Morningstar Total Stock Market ETF922908769
    +0.13 pp1.9% → 2.0%
  4. Invesco Exchange Traded FD T46137V357
    +0.08 pp0.0% → 0.1%
  5. Vanguard S&P 500 ETF922908363
    +0.06 pp1.1% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Value ETF922908744
    −$1.66MReduced
  2. Vanguard Ftse Developed Markets ETF921943858
    −$1.26MReduced
  3. Vanguard Morningstar Small-Cap Value ETF922908611
    −$555.5KReduced
  4. SPDR Series Trust78468R101
    −$284.4KReduced
  5. Vanguard Scottsdale FDS92206C706
    −$211.0KSold out

Largest weight decreases

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

  1. Vanguard Morningstar Value ETF922908744
    −0.10 pp10.0% → 9.9%
  2. Vanguard Ftse All-World Ex-US Small-Cap ETF922042718
    −0.09 pp2.6% → 2.5%
  3. iShares Tr464288414
    −0.09 pp1.1% → 1.0%
  4. SPDR Series Trust78468R101
    −0.07 pp0.2% → 0.2%
  5. Vanguard Ftse Developed Markets ETF921943858
    −0.05 pp8.4% → 8.3%

Metrics

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

Portfolio value
$659.5M
+$56.6M (+9.4%) vs. prior quarter
Positions
131
+9 vs. prior quarter
Top 10 concentration
68.6%
Top 10 as share of value
Turnover
0.9%
Q2 2026, one quarter
Average holding period
20.2 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 (Q2 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q2 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $659.5M (Q2 2026)

Q2 2021: $319.5MQ3 2021: $320.4MQ4 2021: $326.8MQ1 2022: $317.8MQ2 2022: $314.6MQ3 2022: $350.1MQ4 2022: $361.3MQ1 2023: $380.0MQ2 2023: $392.7MQ3 2023: $388.5MQ4 2023: $426.0MQ1 2024: $449.3MQ2 2024: $460.1MQ3 2024: $495.7MQ4 2024: $490.2MQ1 2025: $497.6MQ2 2025: $542.3MQ3 2025: $578.5MQ4 2025: $590.6MQ1 2026: $602.9MQ2 2026: $659.5M
Q2 2021Q2 2026
13F filings of Partners in Financial Planning by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026131$659.5MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2026SEC
Q1 2026May 11, 2026122$602.9MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2025SEC
Q4 2025Feb 2, 2026115$590.6MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2025SEC
Q3 2025Nov 10, 2025115$578.5MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2025SEC
Q2 2025Aug 4, 2025107$542.3MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025Apr 30, 2025101$497.6MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Feb 12, 2025107$490.2MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2024SEC
Q3 2024Feb 26, 2025107$495.7MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2024SEC
Q2 2024Feb 26, 2025104$460.1MVanguard Morningstar Growth ETFVanguard Total Bond Market ETFVanguard Morningstar Value ETFvs. Q1 2024SEC
Q1 2024Feb 26, 2025103$449.3MVanguard Morningstar Growth ETFVanguard Total Bond Market ETFVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023Feb 26, 2025103$426.0MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2023SEC
Q3 2023Mar 4, 202596$388.5MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2023SEC
Q2 2023Feb 26, 202594$392.7MVanguard Total Bond Market ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2023SEC
Q1 2023Feb 26, 202593$380.0MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2022SEC
Q4 2022May 5, 202590$361.3MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Total International Bond ETFvs. Q3 2022SEC
Q3 2022May 5, 202590$350.1MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Total International Bond ETFvs. Q2 2022SEC
Q2 2022May 5, 202594$314.6MVanguard Total Bond Market ETFVanguard Total International Bond ETFVanguard Morningstar Value ETFvs. Q1 2022SEC
Q1 2022May 5, 202590$317.8MVanguard Total Bond Market ETFVanguard Total International Bond ETFVanguard Morningstar Value ETFvs. Q4 2021SEC
Q4 2021May 5, 202592$326.8MVanguard Total Bond Market ETFVanguard Total International Bond ETFVanguard Morningstar Growth ETFvs. Q3 2021SEC
Q3 2021May 5, 202595$320.4MVanguard Total Bond Market ETFVanguard Total International Bond ETFVanguard Morningstar Growth ETFvs. Q2 2021SEC
Q2 2021May 5, 202592$319.5MVanguard Total Bond Market ETFVanguard Total International Bond ETFVanguard Morningstar Growth ETF–SEC