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Livermore
Livermore
ZHEN

Nisa Investment Advisors, LLC

SEC CIK
0000937615
Latest filing
Aug 10, 2026

The latest 13F from Nisa Investment Advisors, LLC covers Q2 2026 (filed Aug 10, 2026): 3,093 long positions worth $32.0B. The top 10 holdings make up 60.3% of the portfolio, and the largest is iShares Core S&P 500 ETF at 42.8%. 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
170
Est. +$59.0M
Added
1457
Est. +$1.92B
Reduced
1059
Est. −$888.4M
Sold out
116
Est. −$71.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    42.8%$13.7B
  2. NVDANVIDIA Corp
    3.7%$1.20BHistory
  3. AAPLApple Inc.
    3.5%$1.11BHistory
  4. MSFTMicrosoft Corp
    2.3%$740.8MHistory
  5. GOOGLAlphabet Inc.
    1.8%$568.0MHistory

Share of portfolio

Top 5 holdings and the other 3,088 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF42.8%
  2. NVDA3.7%
  3. AAPL3.5%
  4. MSFT2.3%
  5. GOOGL1.8%
  6. Other 3,088 positions45.9%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$1.61BAdded
  2. Vanguard Scottsdale FDS92206C409
    +$62.2MAdded
  3. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$42.6MAdded
  4. HONHoneywell International Inc
    +$25.1MNewHistory
  5. HONAHoneywell Aerospace Inc.
    +$25.1MNewHistory

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +3.83 pp38.9% → 42.8%
  2. Vanguard Scottsdale FDS92206C409
    +0.19 pp<0.1% → 0.2%
  3. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +0.13 pp<0.1% → 0.1%
  4. CSCOCisco Systems, Inc.
    +0.10 pp0.4% → 0.5%History
  5. STXSeagate Technology Holdings plc
    +0.10 pp0.1% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$51.2MSold outHistory
  2. NVDANVIDIA Corp
    −$40.6MReducedHistory
  3. AAPLApple Inc.
    −$37.4MReducedHistory
  4. MUMicron Technology Inc
    −$28.4MReducedHistory
  5. GOOGLAlphabet Inc.
    −$24.1MReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.48 pp2.8% → 2.3%History
  2. AAPLApple Inc.
    −0.26 pp3.7% → 3.5%History
  3. NVDANVIDIA Corp
    −0.25 pp4.0% → 3.7%History
  4. METAMeta Platforms, Inc.
    −0.24 pp1.2% → 1.0%History
  5. XOMExxonMobil Holdings Corp
    −0.24 pp0.7% → 0.4%History

Metrics

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

Portfolio value
$32.0B
+$5.01B (+18.5%) vs. prior quarter
Positions
3,093
+54 vs. prior quarter
Top 10 concentration
60.3%
Top 10 as share of value
Turnover
3.3%
Q2 2026, one quarter
Average holding period
14.7 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 $32.0B (Q2 2026)

Q1 2021: $15.8BQ2 2021: $16.0BQ3 2021: $16.5BQ4 2021: $13.3BQ1 2022: $14.2BQ2 2022: $11.4BQ3 2022: $11.8BQ4 2022: $12.7BQ1 2023: $12.8BQ2 2023: $13.6BQ3 2023: $13.1BQ4 2023: $14.1BQ1 2024: $15.4BQ2 2024: $15.9BQ3 2024: $16.9BQ4 2024: $25.8BQ1 2025: $20.0BQ2 2025: $22.2BQ3 2025: $25.9BQ4 2025: $30.3BQ1 2026: $27.0BQ2 2026: $32.0B
Q1 2021Q2 2026
13F filings of Nisa Investment Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 20263,093$32.0BiShares Core S&P 500 ETFNVDAAAPLvs. Q1 2026SEC
Q1 2026Apr 30, 20263,039$27.0BiShares Core S&P 500 ETFNVDAAAPLvs. Q4 2025SEC
Q4 2025Jan 15, 20262,961$30.3BiShares Core S&P 500 ETFNVDAAAPLvs. Q3 2025SEC
Q3 2025Oct 23, 20252,979$25.9BiShares Core S&P 500 ETFNVDAMSFTvs. Q2 2025SEC
Q2 2025Jul 31, 20253,040$22.2BiShares Core S&P 500 ETFNVDAMSFTvs. Q1 2025SEC
Q1 2025Apr 30, 20252,981$20.0BiShares Core S&P 500 ETFAAPLMSFTvs. Q4 2024SEC
Q4 2024Jan 17, 20253,006$25.8BiShares Core S&P 500 ETFNVDAAAPLvs. Q3 2024SEC
Q3 2024Oct 24, 20242,959$16.9BAAPLNVDAMSFTvs. Q2 2024SEC
Q2 2024Jul 19, 20242,938$15.9BMSFTAAPLNVDAvs. Q1 2024SEC
Q1 2024May 2, 20242,798$15.4BMSFTAAPLNVDAvs. Q4 2023SEC
Q4 2023Jan 25, 20242,637$14.1BAAPLMSFTNVDAvs. Q3 2023SEC
Q3 2023Nov 2, 20232,770$13.1BAAPLMSFTNVDAvs. Q2 2023SEC
Q2 2023Aug 11, 20232,801$13.6BAAPLMSFTNVDAvs. Q1 2023SEC
Q1 2023May 2, 20232,702$12.8BAAPLMSFTNVDAvs. Q4 2022SEC
Q4 2022Feb 2, 20232,720$12.7BAAPLMSFTGOOGLvs. Q3 2022SEC
Q3 2022Nov 7, 20222,593$11.8BAAPLMSFTVanguard Morningstar Total Stock Market ETFvs. Q2 2022SEC
Q2 2022Aug 3, 20222,366$11.4BAAPLMSFTGOOGLvs. Q1 2022SEC
Q1 2022Apr 29, 20222,356$14.2BAAPLMSFTiShares Core S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 3, 20222,138$13.3BMSFTGOOGLiShares Core S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 18, 20212,311$16.5BGold Bar WarrantsAAPLMSFTvs. Q2 2021SEC
Q2 2021Aug 6, 20212,321$16.0BGold Bar WarrantsAAPLMSFTvs. Q1 2021SEC
Q1 2021Apr 26, 20212,304$15.8BGold Bar WarrantsAAPLMSFT–SEC