Valpey Financial Services, LLC
- SEC CIK
- 0002077991
- Latest filing
- Aug 11, 2026
The latest 13F from Valpey Financial Services, LLC covers Q2 2026 (filed Aug 11, 2026): 76 long positions worth $167.9M. The top 10 holdings make up 40.8% of the portfolio, and the largest is Vanguard Morningstar Value ETF at 5.5%. Livermore has 6 filings on Form 13F from this institution, going back to Q2 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
- 2
- Est. +$848.4K
- Added
- 34
- Est. +$3.37M
- Reduced
- 33
- Est. −$4.45M
- Sold out
- 1
- Est. −$241.9K
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Value ETF9229087445.5%$9.16M
- Vanguard Morningstar Growth ETF9229087365.0%$8.47M
- Schwab U.S. Large-Cap Growth ETF8085243004.8%$8.10M
- Vanguard Total International Bond ETF92203J4074.4%$7.37M
- Schwab U.S. Large-Cap Value ETF8085244093.9%$6.63M
Share of portfolio
Top 5 holdings and the other 71 positions, by share of portfolio value
- Vanguard Morningstar Value ETF5.5%
- Vanguard Morningstar Growth ETF5.0%
- Schwab U.S. Large-Cap Growth ETF4.8%
- Vanguard Total International Bond ETF4.4%
- Schwab U.S. Large-Cap Value ETF3.9%
- Other 71 positions76.3%
Biggest buys
New and added positions, by estimated amount bought
- CICigna Group
- Vanguard Total International Bond ETF92203J407+$486.6KAdded
- Schwab Strategic Tr808524862+$439.9KAdded
- Vanguard Short-Term Bond ETF921937827+$389.9KAdded
- Vanguard Total Bond Market ETF921937835+$384.5KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- CICigna Group
- SPDR Series Trust78468R606+0.12 pp0.0% → 0.1%
- State Street SPDR Portfolio Developed World Ex-US ETF78463X889+0.11 pp3.5% → 3.6%
- Vanguard Scottsdale FDS92206C680+0.09 pp1.0% → 1.1%
- State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853+0.08 pp0.4% → 0.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Ftse All-World Ex-US Index Fund922042775−$568.6KReduced
- Schwab U.S. Large-Cap Value ETF808524409−$433.0KReduced
- Vanguard Morningstar Growth ETF922908736−$397.1KReducedConverted for a 6-for-1 split
- Schwab U.S. Small-Cap ETF808524607−$377.5KReduced
- Schwab International Equity ETF808524805−$316.9KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Ftse All-World Ex-US Index Fund922042775−0.27 pp3.5% → 3.2%
- HONHoneywell International Inc
- Schwab International Equity ETF808524805−0.11 pp3.2% → 3.1%
- Vanguard Morningstar Mid-Cap ETF922908629−0.10 pp2.8% → 2.7%
- Vanguard Morningstar Small-Cap Value ETF922908611−0.08 pp2.6% → 2.5%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $167.9M
- +$14.2M (+9.2%) vs. prior quarter
- Positions
- 76
- +1 vs. prior quarter
- Top 10 concentration
- 40.8%
- Top 10 as share of value
- Turnover
- 2.6%
- Q2 2026, one quarter
- Average holding period
- 4.9 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 (Q2 2025), so positions held before then are understated.
13F filings by quarter
5 quarters, going back to Q2 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $167.9M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 11, 2026 | 76 | $167.9M | Vanguard Morningstar Value ETFVanguard Morningstar Growth ETFSchwab U.S. Large-Cap Growth ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 11, 2026 | 75 | $153.7M | Vanguard Morningstar Value ETFVanguard Morningstar Growth ETFSchwab U.S. Large-Cap Growth ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Mar 4, 2026Amended | 72 | $156.6M | Vanguard Morningstar Value ETFVanguard Morningstar Growth ETFSchwab U.S. Large-Cap Growth ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 7, 2025 | 72 | $152.8M | Vanguard Morningstar Growth ETFVanguard Morningstar Value ETFSchwab U.S. Large-Cap Growth ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 22, 2025 | 67 | $144.6M | Vanguard Morningstar Growth ETFSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETF | – | SEC |