Hughes Financial Services, LLC
- SEC CIK
- 0002054465
- Latest filing
- Jul 20, 2026
The latest 13F from Hughes Financial Services, LLC covers Q2 2026 (filed Jul 20, 2026): 1,839 long positions worth $754.5M. The top 10 holdings make up 77.8% of the portfolio, and the largest is SPDR Series Trust at 20.8%. 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
- 244
- Est. +$27.4M
- Added
- 922
- Est. +$29.7M
- Reduced
- 244
- Est. −$34.4M
- Sold out
- 125
- Est. −$820.6K
Top 5 holdings
Share of this quarter's portfolio value
- SPDR Series Trust78464A80520.8%$157.1M
- J P Morgan Exchange Traded F46641Q67010.1%$76.1M
- J P Morgan Exchange Traded F46641Q1349.9%$74.8M
- J P Morgan Exchange Traded F46641Q7619.7%$73.1M
- iShares Inc46434G7648.8%$66.3M
Share of portfolio
Top 5 holdings and the other 1,834 positions, by share of portfolio value
- SPDR Series Trust20.8%
- J P Morgan Exchange Traded F10.1%
- J P Morgan Exchange Traded F9.9%
- J P Morgan Exchange Traded F9.7%
- iShares Inc8.8%
- Other 1,834 positions40.7%
Biggest buys
New and added positions, by estimated amount bought
- SPDR Series Trust78468R101+$16.0MNew
- Vanguard Scottsdale FDS92206C706+$10.6MNew
- J P Morgan Exchange Traded F46641Q670+$5.34MAdded
- SPDR Series Trust78464A805+$5.31MAdded
- J P Morgan Exchange Traded F46641Q134+$4.37MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- SPDR Series Trust78468R101+2.12 pp0.0% → 2.1%
- Vanguard Scottsdale FDS92206C706+1.40 pp0.0% → 1.4%
- J P Morgan Exchange Traded F46654Q732+1.00 pp4.6% → 5.6%
- J P Morgan Exchange Traded F46641Q761+0.70 pp9.0% → 9.7%
- SPDR Series Trust78464A805+0.51 pp20.3% → 20.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr464287457−$14.8MReduced
- iShares Tr464288653−$9.54MReduced
- iShares Inc46434G764−$7.45MReduced
- XOMExxonMobil Holdings Corp
- iShares MSCI USA Quality Factor ETF46432F339−$471.6KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464287457−2.28 pp2.3% → <0.1%
- iShares Tr464288653−1.47 pp1.5% → <0.1%
- XOMExxonMobil Holdings Corp
- iShares MSCI USA Quality Factor ETF46432F339−0.09 pp1.7% → 1.7%
- SPDR Series Trust78468R812−0.08 pp1.1% → 1.1%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $754.5M
- +$103.6M (+15.9%) vs. prior quarter
- Positions
- 1,839
- +119 vs. prior quarter
- Top 10 concentration
- 77.8%
- Top 10 as share of value
- Turnover
- 5.0%
- Q2 2026, one quarter
- Average holding period
- 6.5 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 $754.5M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 20, 2026 | 1,839 | $754.5M | SPDR Series TrustJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 29, 2026 | 1,720 | $650.9M | SPDR Series TrustJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 11, 2026 | 1,276 | $636.7M | SPDR Series TrustJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 14, 2025 | 1,034 | $628.6M | SPDR Series TrustJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 7, 2025 | 1,033 | $582.1M | SPDR Series TrustJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | vs. Q1 2025 | SEC |
| Q1 2025 | May 1, 2025 | 1,059 | $511.2M | SPDR Series TrustJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 10, 2025 | 65 | $486.7M | SPDR Series TrustJ P Morgan Exchange Traded FJ P Morgan Exchange Traded F | – | SEC |