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Clark Asset Management, LLC

SEC CIK
0002062026
Latest filing
Jul 7, 2026

The latest 13F from Clark Asset Management, LLC covers Q2 2026 (filed Jul 7, 2026): 294 long positions worth $1.27B. The top 10 holdings make up 59.0% of the portfolio, and the largest is Vanguard Ftse Developed Markets ETF at 15.2%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2022.

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
35
Est. +$12.2M
Added
152
Est. +$109.2M
Reduced
54
Est. −$6.91M
Sold out
8
Est. −$2.01M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Ftse Developed Markets ETF921943858
    15.2%$193.8M
  2. Vanguard Morningstar Growth ETF922908736
    9.5%$121.4M
  3. Vanguard Morningstar Value ETF922908744
    9.5%$120.9M
  4. Vanguard Ftse Emerging Markets ETF922042858
    5.3%$67.1M
  5. Vanguard Morningstar Small-Cap ETF922908751
    4.3%$54.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Developed Markets ETF921943858
    +$11.6MAdded
  2. Vanguard Morningstar Value ETF922908744
    +$9.27MAdded
  3. Vanguard Morningstar Growth ETF922908736
    +$7.15MAddedConverted for a 6-for-1 split
  4. Vanguard S&P 500 ETF922908363
    +$5.33MAdded
  5. Vanguard Short-Term Bond ETF921937827
    +$5.21MAdded

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +0.46 pp9.1% → 9.5%
  2. Vanguard S&P 500 ETF922908363
    +0.37 pp1.1% → 1.5%
  3. ADIAnalog Devices Inc
    +0.29 pp0.1% → 0.3%History
  4. Vanguard Morningstar Small-Cap ETF922908751
    +0.21 pp4.1% → 4.3%
  5. iShares Core U.S. Aggregate Bond ETF464287226
    +0.11 pp0.0% → 0.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$820.3KReduced
  2. TSLATesla, Inc.
    −$731.8KReducedHistory
  3. NVDANVIDIA Corp
    −$707.5KReducedHistory
  4. DIASPDR Dow Jones Industrial Average ETF Trust
    −$471.0KReducedHistory
  5. iShares Tr46435G672
    −$461.9KSold out

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.14 pp0.9% → 0.7%History
  2. METAMeta Platforms, Inc.
    −0.10 pp0.4% → 0.3%History
  3. NVDANVIDIA Corp
    −0.09 pp0.8% → 0.7%History
  4. TSLATesla, Inc.
    −0.07 pp0.3% → 0.2%History
  5. GLDSPDR Gold Trust
    −0.05 pp0.1% → 0.1%History

Metrics

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

Portfolio value
$1.27B
+$209.4M (+19.7%) vs. prior quarter
Positions
294
+27 vs. prior quarter
Top 10 concentration
59.0%
Top 10 as share of value
Turnover
0.8%
Q2 2026, one quarter
Average holding period
13.6 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 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.27B (Q2 2026)

Q4 2022: $139.1MQ1 2023: $167.1MQ2 2023: $213.2MQ3 2023: $232.4MQ4 2023: $273.4MQ1 2024: $325.5MQ2 2024: $361.0MQ3 2024: $465.6MQ4 2024: $535.3MQ1 2025: $596.3MQ2 2025: $733.7MQ3 2025: $860.4MQ4 2025: $963.3MQ1 2026: $1.06BQ2 2026: $1.27B
Q4 2022Q2 2026
13F filings of Clark Asset Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 7, 2026294$1.27BVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2026SEC
Q1 2026Apr 16, 2026267$1.06BVanguard Ftse Developed Markets ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2025SEC
Q4 2025Jan 27, 2026237$963.3MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2025SEC
Q3 2025Oct 20, 2025208$860.4MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2025SEC
Q2 2025Aug 1, 2025197$733.7MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025Apr 28, 2025157$596.3MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Apr 2, 2025138$535.3MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2024SEC
Q3 2024Apr 28, 2025122$465.6MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2024SEC
Q2 2024Apr 28, 202596$361.0MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2024SEC
Q1 2024Apr 28, 202586$325.5MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023Apr 28, 202582$273.4MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2023SEC
Q3 2023Apr 28, 202575$232.4MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2023SEC
Q2 2023Apr 28, 202578$213.2MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2023SEC
Q1 2023Apr 28, 202562$167.1MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2022SEC
Q4 2022Apr 28, 202559$139.1MVanguard Ftse Developed Markets ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETF–SEC