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Livermore
Livermore
ZHEN

Salus Financial Advisors, LLC

SEC CIK
0002056601
Latest filing
Aug 6, 2026

The latest 13F from Salus Financial Advisors, LLC covers Q2 2026 (filed Aug 6, 2026): 39 long positions worth $202.8M. The top 10 holdings make up 85.4% of the portfolio, and the largest is iShares Core S&P 500 ETF at 25.4%. 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.

Full comparison
New
5
Est. +$1.32M
Added
17
Est. +$11.8M
Reduced
8
Est. −$436.0K
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    25.4%$51.6M
  2. iShares Core MSCI Eafe ETF46432F842
    14.2%$28.8M
  3. iShares Core S&P US Value ETF464287663
    13.2%$26.8M
  4. Fidelity Merrimack STR Tr316188309
    7.7%$15.6M
  5. Fidelity Covington Trust316092352
    6.9%$14.0M

Share of portfolio

Top 5 holdings and the other 34 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF25.4%
  2. iShares Core MSCI Eafe ETF14.2%
  3. iShares Core S&P US Value ETF13.2%
  4. Fidelity Merrimack STR Tr7.7%
  5. Fidelity Covington Trust6.9%
  6. Other 34 positions32.5%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core MSCI Eafe ETF46432F842
    +$3.18MAdded
  2. iShares Core S&P 500 ETF464287200
    +$2.17MAdded
  3. iShares Core S&P US Value ETF464287663
    +$1.99MAdded
  4. Fidelity Merrimack STR Tr316188309
    +$1.36MAdded
  5. Fidelity Covington Trust316092352
    +$1.11MAdded

Largest weight increases

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

  1. Fidelity Covington Trust316092352
    +0.83 pp6.0% → 6.9%
  2. Fidelity Covington Trust31609A206
    +0.37 pp4.4% → 4.8%
  3. iShares Core S&P 500 ETF464287200
    +0.30 pp25.1% → 25.4%
  4. Calamos ETF Tr12811T571
    +0.20 pp0.0% → 0.2%
  5. iShares Core MSCI Eafe ETF46432F842
    +0.19 pp14.0% → 14.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Bitwise Crypto Industry Innovators ETF09175C103
    −$279.7KReduced
  2. Vanguard Morningstar Value ETF922908744
    −$53.4KReduced
  3. Fidelity Covington Trust31609A404
    −$35.8KReduced
  4. iShares Tr464288877
    −$26.0KReduced
  5. iShares Tr464287234
    −$15.9KReduced

Largest weight decreases

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

  1. iShares Tr464288877
    −0.27 pp2.0% → 1.7%
  2. Vanguard Morningstar Value ETF922908744
    −0.09 pp1.1% → 1.0%
  3. Fidelity Covington Trust31609A404
    −0.05 pp0.4% → 0.3%
  4. AAPLApple Inc.
    −0.01 pp0.2% → 0.2%History
  5. Vanguard World FD921910733
    −0.01 pp0.2% → 0.2%

Metrics

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

Portfolio value
$202.8M
+$31.4M (+18.3%) vs. prior quarter
Positions
39
+5 vs. prior quarter
Top 10 concentration
85.4%
Top 10 as share of value
Turnover
0.2%
Q2 2026, one quarter
Average holding period
6.6 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 $202.8M (Q2 2026)

Q4 2024: $127.7MQ1 2025: $132.2MQ2 2025: $148.8MQ3 2025: $162.1MQ4 2025: $166.9MQ1 2026: $171.5MQ2 2026: $202.8M
Q4 2024Q2 2026
13F filings of Salus Financial Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 202639$202.8MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P US Value ETFvs. Q1 2026SEC
Q1 2026Apr 23, 202634$171.5MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P US Value ETFvs. Q4 2025SEC
Q4 2025Jan 21, 202635$166.9MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P US Value ETFvs. Q3 2025SEC
Q3 2025Nov 7, 202532$162.1MiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P US Value ETFvs. Q2 2025SEC
Q2 2025Jul 29, 202533$148.8MiShares Core S&P 500 ETFiShares Core S&P US Value ETFiShares Core MSCI Eafe ETFvs. Q1 2025SEC
Q1 2025Apr 25, 202534$132.2MiShares Core S&P 500 ETFiShares Core S&P US Value ETFFidelity Covington Trustvs. Q4 2024SEC
Q4 2024Feb 14, 202533$127.7MFidelity Covington TrustFidelity Covington TrustFidelity Merrimack STR Tr–SEC