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Livermore
Livermore
ZHEN

CDM Financial Counseling Services, Inc.

SEC CIK
0002107537
Latest filing
Jul 14, 2026

The latest 13F from CDM Financial Counseling Services, Inc. covers Q2 2026 (filed Jul 14, 2026): 77 long positions worth $116.1M. The top 10 holdings make up 52.2% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 12.0%. Livermore has 3 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
2
Est. +$435.9K
Added
15
Est. +$853.2K
Reduced
41
Est. −$5.56M
Sold out
5
Est. −$1.24M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    12.0%$13.9MHistory
  2. State Street Technology Select Sector SPDR ETF81369Y803
    10.5%$12.2M
  3. Vanguard Morningstar Total Stock Market ETF922908769
    6.3%$7.30M
  4. Vanguard Dividend Appreciation ETF921908844
    5.3%$6.13M
  5. Vanguard World FD921910816
    3.6%$4.14M

Share of portfolio

Top 5 holdings and the other 72 positions, by share of portfolio value

  1. SPY12.0%
  2. State Street Technology Select Sector SPDR ETF10.5%
  3. Vanguard Morningstar Total Stock Market ETF6.3%
  4. Vanguard Dividend Appreciation ETF5.3%
  5. Vanguard World FD3.6%
  6. Other 72 positions62.4%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +$362.6KAdded
  2. Vanguard S&P 500 Growth ETF921932505
    +$229.7KNew
  3. Ea Series Trust02072L680
    +$206.2KNew
  4. BRK.BBerkshire Hathaway Inc
    +$169.1KAddedHistory
  5. Vanguard Dividend Appreciation ETF921908844
    +$142.0KAdded

Largest weight increases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +0.33 pp6.0% → 6.3%
  2. Vanguard S&P 500 Growth ETF921932505
    +0.20 pp0.0% → 0.2%
  3. Ea Series Trust02072L680
    +0.18 pp0.0% → 0.2%
  4. Vanguard Dividend Appreciation ETF921908844
    +0.07 pp5.2% → 5.3%
  5. DEDeere & Co
    +0.06 pp0.4% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street Technology Select Sector SPDR ETF81369Y803
    −$450.8KReduced
  2. SPYSPDR S&P 500 ETF Trust
    −$436.1KReducedHistory
  3. ASMLASML Holding NV
    −$406.8KReducedHistory
  4. AMDAdvanced Micro Devices Inc
    −$377.6KReducedHistory
  5. PEPPepsiCo Inc
    −$338.0KSold outHistory

Largest weight decreases

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

  1. State Street Communication Services Select Sector SPDR ETF81369Y852
    −0.71 pp3.8% → 3.1%
  2. MSFTMicrosoft Corp
    −0.43 pp3.4% → 2.9%History
  3. PEPPepsiCo Inc
    −0.32 pp0.3% → 0.0%History
  4. State Street Consumer Discretionary Select Sector SPDR ETF81369Y407
    −0.27 pp2.3% → 2.0%
  5. MCDMcDonalds Corp
    −0.24 pp0.8% → 0.6%History

Metrics

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

Portfolio value
$116.1M
+$11.5M (+11.0%) vs. prior quarter
Positions
77
−3 vs. prior quarter
Top 10 concentration
52.2%
Top 10 as share of value
Turnover
1.2%
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 $116.1M (Q2 2026)

Q4 2025: $106.6MQ1 2026: $104.5MQ2 2026: $116.1M
Q4 2025Q2 2026
13F filings of CDM Financial Counseling Services, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 14, 202677$116.1MSPYState Street Technology Select Sector SPDR ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2026SEC
Q1 2026Apr 14, 202680$104.5MSPYState Street Technology Select Sector SPDR ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2025SEC
Q4 2025Feb 5, 202681$106.6MSPYState Street Technology Select Sector SPDR ETFVanguard Morningstar Total Stock Market ETF–SEC