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Livermore
Livermore
ZHEN

Sherman Wealth Management LLC

SEC CIK
0002096110
Latest filing
Jul 9, 2026

The latest 13F from Sherman Wealth Management LLC covers Q2 2026 (filed Jul 9, 2026): 84 long positions worth $132.8M. The top 10 holdings make up 52.1% of the portfolio, and the largest is Vanguard World FD at 10.6%. Livermore has 4 filings on Form 13F from this institution, going back to Q4 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.

Full comparison
New
7
Est. +$2.29M
Added
45
Est. +$2.98M
Reduced
21
Est. −$2.07M
Sold out
3
Est. −$1.04M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard World FD921910816
    10.6%$14.0M
  2. Vanguard Dividend Appreciation ETF921908844
    9.9%$13.2M
  3. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    6.4%$8.46M
  4. Vanguard High Dividend Yield Index ETF921946406
    6.2%$8.29M
  5. JPMorgan Ultra-Short Income ETF46641Q837
    4.7%$6.31M

Biggest buys

New and added positions, by estimated amount bought

  1. Ea Series Trust02072Q176
    +$781.2KNew
  2. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$474.4KAdded
  3. J P Morgan Exchange Traded F46654Q716
    +$428.1KAdded
  4. JPMorgan Ultra-Short Income ETF46641Q837
    +$372.6KAdded
  5. Vanguard Dividend Appreciation ETF921908844
    +$359.0KAdded

Largest weight increases

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

  1. ProShares Tr74347X831
    +0.80 pp1.1% → 1.9%
  2. Ea Series Trust02072Q176
    +0.59 pp0.0% → 0.6%
  3. SNDKSandisk Corp
    +0.22 pp0.0% → 0.2%History
  4. WDCWestern Digital Corp
    +0.20 pp0.0% → 0.2%History
  5. iShares Russell 2000 ETF464287655
    +0.19 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Ea Series Trust02072L565
    −$704.1KReduced
  2. J P Morgan Exchange Traded F46641Q332
    −$629.0KSold out
  3. Vanguard Consumer Discretionary ETF92204A108
    −$254.2KReduced
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    −$234.8KReduced
  5. RGLDRoyal Gold Inc
    −$209.6KSold outHistory

Largest weight decreases

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

  1. Ea Series Trust02072L565
    −0.84 pp2.7% → 1.8%
  2. J P Morgan Exchange Traded F46641Q332
    −0.54 pp0.5% → 0.0%
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.40 pp2.5% → 2.1%
  4. iShares Flexible Income Active ETF092528603
    −0.23 pp1.5% → 1.3%
  5. WisdomTree Tr97717X669
    −0.21 pp1.6% → 1.4%

Metrics

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

Portfolio value
$132.8M
+$16.4M (+14.1%) vs. prior quarter
Positions
84
+4 vs. prior quarter
Top 10 concentration
52.1%
Top 10 as share of value
Turnover
2.5%
Q2 2026, one quarter
Average holding period
3.0 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 2025), so positions held before then are understated.

13F filings by quarter

3 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $132.8M (Q2 2026)

Q4 2025: $115.1MQ1 2026: $116.4MQ2 2026: $132.8M
Q4 2025Q2 2026
13F filings of Sherman Wealth Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 9, 202684$132.8MVanguard World FDVanguard Dividend Appreciation ETFState Street SPDR Portfolio Developed World Ex-US ETFvs. Q1 2026SEC
Q1 2026Apr 13, 202680$116.4MVanguard World FDVanguard Dividend Appreciation ETFVanguard High Dividend Yield Index ETFvs. Q4 2025SEC
Q4 2025Jan 15, 2026Amended77$115.1MVanguard World FDVanguard Dividend Appreciation ETFVanguard High Dividend Yield Index ETF–SEC