Clune & Associates, Ltd.
- SEC CIK
- 0002055816
- Latest filing
- Jul 7, 2026
The latest 13F from Clune & Associates, Ltd. covers Q2 2026 (filed Jul 7, 2026): 170 long positions worth $661.5M. The top 10 holdings make up 43.8% of the portfolio, and the largest is Dimensional ETF Trust at 7.9%. 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
- 14
- Est. +$4.13M
- Added
- 49
- Est. +$117.0M
- Reduced
- 90
- Est. −$33.3M
- Sold out
- 6
- Est. −$1.99M
Top 5 holdings
Share of this quarter's portfolio value
- Dimensional ETF Trust25434V7247.9%$52.2M
- Vanguard S&P 500 ETF9229083636.0%$40.0M
- iShares Core S&P Small Cap ETF4642878044.6%$30.3M
- Dimensional ETF Trust25434V8074.1%$27.0M
- Vanguard Short-Term Bond ETF9219378273.8%$25.4M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard S&P 500 ETF922908363+$14.4MAdded
- Dimensional ETF Trust25434V724+$12.6MAdded
- iShares Core S&P Small Cap ETF464287804+$11.7MAdded
- Dimensional ETF Trust25434V815+$11.1MAdded
- Vanguard Scottsdale FDS92206C409+$8.38MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard S&P 500 ETF922908363+1.85 pp4.2% → 6.0%
- iShares Core S&P Small Cap ETF464287804+1.65 pp2.9% → 4.6%
- Dimensional ETF Trust25434V815+1.43 pp2.3% → 3.7%
- Dimensional ETF Trust25434V724+1.34 pp6.5% → 7.9%
- Vanguard Scottsdale FDS92206C409+0.72 pp2.8% → 3.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- SPYSPDR S&P 500 ETF Trust
- Dimensional Ultrashort Fixed Income ETF25434V591−$2.17MReduced
- Vanguard Morningstar Mid-Cap ETF922908629−$1.78MReducedConverted for a 4-for-1 split
- iShares Tr46434V407−$1.59MReduced
- Vanguard Ftse All-World Ex-US Small-Cap ETF922042718−$1.24MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- SPYSPDR S&P 500 ETF Trust
- Dimensional Ultrashort Fixed Income ETF25434V591−0.50 pp0.9% → 0.4%
- Dimensional U.S. Small Cap ETF25434V500−0.37 pp3.2% → 2.8%
- Vanguard Morningstar Mid-Cap ETF922908629−0.36 pp0.9% → 0.5%
- iShares Tr46434V407−0.36 pp0.6% → 0.2%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $661.5M
- +$129.8M (+24.4%) vs. prior quarter
- Positions
- 170
- +8 vs. prior quarter
- Top 10 concentration
- 43.8%
- Top 10 as share of value
- Turnover
- 5.9%
- Q2 2026, one quarter
- Average holding period
- 6.9 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 $661.5M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 7, 2026 | 170 | $661.5M | Dimensional ETF TrustVanguard S&P 500 ETFiShares Core S&P Small Cap ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 20, 2026 | 162 | $531.7M | Dimensional ETF TrustDimensional ETF TrustVanguard S&P 500 ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 9, 2026 | 166 | $463.0M | Dimensional ETF TrustDimensional ETF TrustDimensional U.S. Small Cap ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 17, 2025 | 159 | $400.1M | Dimensional ETF TrustDimensional ETF TrustDimensional U.S. Small Cap ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 30, 2025 | 156 | $365.3M | Dimensional ETF TrustDimensional ETF TrustDimensional U.S. Small Cap ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 28, 2025 | 141 | $325.6M | Dimensional ETF TrustDimensional U.S. Small Cap ETFDimensional ETF Trust | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 11, 2025 | 136 | $301.2M | Dimensional ETF TrustDimensional U.S. Small Cap ETFSPY | – | SEC |