Boulay Financial Advisors, LLC
- SEC CIK
- 0002056342
- Latest filing
- Aug 4, 2026
The latest 13F from Boulay Financial Advisors, LLC covers Q2 2026 (filed Aug 4, 2026): 6 long positions worth $1.08B. The top 10 holdings make up 100.0% of the portfolio, and the largest is Schwab Fundamental U.S. Large Company ETF at 28.1%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2025.
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
- 1
- Est. +$102.3M
- Added
- 3
- Est. +$14.5M
- Reduced
- 2
- Est. −$22.3M
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
- Schwab Fundamental U.S. Large Company ETF80852477128.1%$303.0M
- VanEck Morningstar Wide Moat ETF92189F64322.0%$237.8M
- iShares Russell Top 200 Growth ETF46428943816.6%$179.3M
- Schwab Fundamental International Equity ETF80852475512.9%$139.7M
- Columbia ETF Tr II19762B20210.9%$117.9M
Share of portfolio
Top 5 holdings and the other 1 position, by share of portfolio value
- Schwab Fundamental U.S. Large Company ETF28.1%
- VanEck Morningstar Wide Moat ETF22.0%
- iShares Russell Top 200 Growth ETF16.6%
- Schwab Fundamental International Equity ETF12.9%
- Columbia ETF Tr II10.9%
- Other 1 position9.5%
Biggest buys
New and added positions, by estimated amount bought
- Schwab Fundamental U.S. Small Company ETF808524763+$102.3MNew
- VanEck Morningstar Wide Moat ETF92189F643+$7.01MAdded
- Schwab Fundamental U.S. Large Company ETF808524771+$5.48MAdded
- iShares Russell Top 200 Growth ETF464289438+$2.02MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Schwab Fundamental U.S. Small Company ETF808524763+9.48 pp0.0% → 9.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Columbia ETF Tr II19762B202−$18.2MReduced
- Schwab Fundamental International Equity ETF808524755−$4.09MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Schwab Fundamental International Equity ETF808524755−2.37 pp15.3% → 12.9%
- Columbia ETF Tr II19762B202−1.14 pp12.1% → 10.9%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $1.08B
- +$208.8M (+24.0%) vs. prior quarter
- Positions
- 6
- +1 vs. prior quarter
- Top 10 concentration
- 100.0%
- Top 10 as share of value
- Turnover
- 2.3%
- Q2 2026, one quarter
- Average holding period
- 4.5 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 (Q1 2025), so positions held before then are understated.
13F filings by quarter
6 quarters, going back to Q1 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $1.08B (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 4, 2026 | 6 | $1.08B | Schwab Fundamental U.S. Large Company ETFVanEck Morningstar Wide Moat ETFiShares Russell Top 200 Growth ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 13, 2026 | 5 | $871.3M | Schwab Fundamental U.S. Large Company ETFVanEck Morningstar Wide Moat ETFiShares Russell Top 200 Growth ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 12, 2026 | 5 | $850.5M | Schwab Fundamental U.S. Large Company ETFVanEck Morningstar Wide Moat ETFiShares Russell Top 200 Growth ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 14, 2025 | 4 | $712.4M | Schwab Fundamental U.S. Large Company ETFVanEck Morningstar Wide Moat ETFiShares Russell Top 200 Growth ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Oct 14, 2025Amended | 4 | $663.0M | Schwab Fundamental U.S. Large Company ETFVanEck Morningstar Wide Moat ETFiShares Russell Top 200 Growth ETF | vs. Q1 2025 | SEC |
| Q1 2025 | May 9, 2025 | 2 | $299.3M | VanEck Morningstar Wide Moat ETFSchwab Fundamental U.S. Large Company ETF | – | SEC |