S&A Financial Services, Inc.
- SEC CIK
- 0002140428
- Latest filing
- Jul 27, 2026
The latest 13F from S&A Financial Services, Inc. covers Q2 2026 (filed Jul 27, 2026): 88 long positions worth $163.8M. The top 10 holdings make up 48.2% of the portfolio, and the largest is iShares Tr at 7.3%. Livermore has 2 filings on Form 13F from this institution, going back to Q1 2026.
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
- 6
- Est. +$1.76M
- Added
- 41
- Est. +$10.5M
- Reduced
- 35
- Est. −$4.97M
- Sold out
- 5
- Est. −$2.20M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Tr46434V4077.3%$11.9M
- SPDR Series Trust78468R6066.9%$11.3M
- Vanguard Information Technology ETF92204A7026.0%$9.81M
- Schwab U.S. Large-Cap Growth ETF8085243005.4%$8.80M
- American Centy ETF Tr0250723495.3%$8.74M
Share of portfolio
Top 5 holdings and the other 83 positions, by share of portfolio value
- iShares Tr7.3%
- SPDR Series Trust6.9%
- Vanguard Information Technology ETF6.0%
- Schwab U.S. Large-Cap Growth ETF5.4%
- American Centy ETF Tr5.3%
- Other 83 positions69.1%
Biggest buys
New and added positions, by estimated amount bought
- J P Morgan Exchange Traded F46641Q332+$1.73MAdded
- American Centy ETF Tr025072349+$1.43MAdded
- SPDR Series Trust78468R606+$1.31MAdded
- BNY Mellon ETF Trust09661T826+$862.3KAdded
- JPMorgan Nasdaq Equity Premium Income ETF46654Q203+$700.7KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- American Centy ETF Tr025072349+0.90 pp4.4% → 5.3%
- J P Morgan Exchange Traded F46641Q332+0.77 pp2.5% → 3.3%
- JPMorgan Nasdaq Equity Premium Income ETF46654Q203+0.39 pp2.5% → 2.9%
- BNY Mellon ETF Trust II05613H308+0.33 pp0.0% → 0.3%
- Bondbloxx ETF Trust09789C747+0.33 pp0.2% → 0.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Ssga Active ETF Tr78467V608−$1.57MReduced
- iShares U.S. Medical Devices ETF464288810−$1.29MSold out
- iShares Tr464287721−$831.6KReduced
- iShares Tr464287580−$493.7KReduced
- Vanguard Information Technology ETF92204A702−$395.0KReducedConverted for a 8-for-1 split
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Ssga Active ETF Tr78467V608−1.42 pp4.3% → 2.9%
- iShares U.S. Medical Devices ETF464288810−0.88 pp0.9% → 0.0%
- iShares Tr464287580−0.47 pp2.4% → 1.9%
- Bondbloxx ETF Trust09789C788−0.30 pp2.2% → 1.9%
- COSTCostco Wholesale Corp
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $163.8M
- +$18.2M (+12.5%) vs. prior quarter
- Positions
- 88
- +1 vs. prior quarter
- Top 10 concentration
- 48.2%
- Top 10 as share of value
- Turnover
- 4.6%
- Q2 2026, one quarter
- Average holding period
- 2.0 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 (Q1 2026), so positions held before then are understated.
13F filings by quarter
2 quarters, going back to Q1 2026. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $163.8M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 27, 2026 | 88 | $163.8M | iShares TrSPDR Series TrustVanguard Information Technology ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Jun 12, 2026 | 87 | $145.6M | iShares TrSPDR Series TrustSchwab U.S. Large-Cap Growth ETF | – | SEC |