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Livermore
Livermore
ZHEN

MML Investors Services, LLC

SEC CIK
0000701059
Latest filing
Aug 7, 2026

The latest 13F from MML Investors Services, LLC covers Q2 2026 (filed Aug 7, 2026): 3,254 long positions worth $49.0B. The top 10 holdings make up 16.7% of the portfolio, and the largest is iShares Core S&P 500 ETF at 4.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

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
377
Est. +$550.3M
Added
2391
Est. +$9.14B
Reduced
445
Est. −$958.5M
Sold out
118
Est. −$62.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    4.3%$2.12B
  2. NVDANVIDIA Corp
    1.8%$906.0MHistory
  3. AAPLApple Inc.
    1.8%$890.6MHistory
  4. Invesco QQQ Trust Series I46090E103
    1.4%$667.6M
  5. Vanguard Ftse Developed Markets ETF921943858
    1.3%$652.0M

Share of portfolio

Top 5 holdings and the other 3,249 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF4.3%
  2. NVDA1.8%
  3. AAPL1.8%
  4. Invesco QQQ Trust Series I1.4%
  5. Vanguard Ftse Developed Markets ETF1.3%
  6. Other 3,249 positions89.3%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$755.3MAdded
  2. iShares Tr46434V613
    +$191.1MAdded
  3. AAPLApple Inc.
    +$146.7MAddedHistory
  4. BlackRock ETF Trust09290C764
    +$139.0MAdded
  5. NVDANVIDIA Corp
    +$129.3MAddedHistory

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +1.02 pp3.3% → 4.3%
  2. BlackRock ETF Trust09290C764
    +0.28 pp<0.1% → 0.3%
  3. MUMicron Technology Inc
    +0.22 pp0.1% → 0.3%History
  4. BlackRock ETF Trust09290C665
    +0.21 pp0.0% → 0.2%
  5. Invesco S&P 500 Quality ETF46137V241
    +0.19 pp0.2% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464288877
    −$101.2MReduced
  2. iShares MSCI USA Quality Factor ETF46432F339
    −$91.9MReduced
  3. iShares Tr46435G672
    −$67.8MReduced
  4. iShares MSCI Acwi Ex U.S. ETF464288240
    −$40.7MReduced
  5. BlackRock ETF Trust09290C806
    −$32.4MReduced

Largest weight decreases

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

  1. iShares Tr464288877
    −0.40 pp0.8% → 0.4%
  2. iShares MSCI USA Quality Factor ETF46432F339
    −0.31 pp0.8% → 0.4%
  3. iShares S&P 500 Value ETF464287408
    −0.22 pp1.0% → 0.8%
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −0.19 pp1.2% → 1.0%
  5. iShares Tr46435G672
    −0.19 pp0.2% → <0.1%

Metrics

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

Portfolio value
$49.0B
+$12.9B (+35.9%) vs. prior quarter
Positions
3,254
+259 vs. prior quarter
Top 10 concentration
16.7%
Top 10 as share of value
Turnover
2.4%
Q2 2026, one quarter
Average holding period
18.6 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 (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $49.0B (Q2 2026)

Q1 2021: $10.5BQ2 2021: $11.9BQ3 2021: $12.6BQ4 2021: $13.9BQ1 2022: $14.2BQ2 2022: $13.2BQ3 2022: $13.2BQ4 2022: $15.2BQ1 2023: $14.1BQ2 2023: $18.1BQ3 2023: $18.1BQ4 2023: $21.7BQ1 2024: $24.3BQ2 2024: $24.8BQ3 2024: $27.4BQ4 2024: $29.0BQ1 2025: $30.0BQ2 2025: $34.6BQ3 2025: $37.5BQ4 2025: $41.0BQ1 2026: $36.1BQ2 2026: $49.0B
Q1 2021Q2 2026
13F filings of MML Investors Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 20263,254$49.0BiShares Core S&P 500 ETFNVDAAAPLvs. Q1 2026SEC
Q1 2026May 4, 20262,995$36.1BiShares Core S&P 500 ETFNVDAAAPLvs. Q4 2025SEC
Q4 2025Feb 13, 20263,037$41.0BiShares Core S&P 500 ETFAAPLNVDAvs. Q3 2025SEC
Q3 2025Nov 14, 20252,879$37.5BiShares Core S&P 500 ETFNVDAMSFTvs. Q2 2025SEC
Q2 2025Aug 14, 20252,802$34.6BiShares Core S&P 500 ETFMSFTiShares MSCI USA Quality Factor ETFvs. Q1 2025SEC
Q1 2025May 14, 20252,683$30.0BiShares Core S&P 500 ETFiShares MSCI USA Quality Factor ETFAAPLvs. Q4 2024SEC
Q4 2024Feb 13, 20252,658$29.0BiShares Core S&P 500 ETFAAPLiShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Nov 15, 20242,567$27.4BiShares Core S&P 500 ETFAAPLiShares MSCI USA Quality Factor ETFvs. Q2 2024SEC
Q2 2024Aug 14, 20242,470$24.8BiShares Core S&P 500 ETFMSFTiShares MSCI USA Quality Factor ETFvs. Q1 2024SEC
Q1 2024May 14, 20242,465$24.3BiShares Core S&P 500 ETFMSFTiShares MSCI USA Quality Factor ETFvs. Q4 2023SEC
Q4 2023Feb 14, 20242,440$21.7BiShares Core S&P 500 ETFMSFTAAPLvs. Q3 2023SEC
Q3 2023Nov 14, 20232,295$18.1BiShares Core S&P 500 ETFAAPLMSFTvs. Q2 2023SEC
Q2 2023Aug 14, 20232,291$18.1BiShares Core S&P 500 ETFAAPLMSFTvs. Q1 2023SEC
Q1 2023May 12, 20232,020$14.1BiShares Core S&P 500 ETFMSFTiShares Trvs. Q4 2022SEC
Q4 2022Feb 13, 20232,149$15.2BiShares Core S&P 500 ETFiShares TrMSFTvs. Q3 2022SEC
Q3 2022Nov 14, 20222,070$13.2BiShares Core S&P 500 ETFiShares TrAAPLvs. Q2 2022SEC
Q2 2022Aug 12, 20222,027$13.2BiShares Core S&P 500 ETFiShares TrAAPLvs. Q1 2022SEC
Q1 2022May 13, 20222,054$14.2BiShares Core S&P 500 ETFiShares TrAAPLvs. Q4 2021SEC
Q4 2021Feb 14, 20222,012$13.9BiShares Core S&P 500 ETFiShares TrAAPLvs. Q3 2021SEC
Q3 2021Nov 15, 20211,945$12.6BiShares Core S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q2 2021SEC
Q2 2021Aug 13, 20211,894$11.9BiShares Core S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q1 2021SEC
Q1 2021May 14, 20211,796$10.5BiShares Core S&P 500 ETFInvesco QQQ Trust Series IiShares Tr–SEC