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Livermore
Livermore
ZHEN

Sand Hill Global Advisors, LLC

SEC CIK
0001009209
Latest filing
Aug 11, 2026

The latest 13F from Sand Hill Global Advisors, LLC covers Q2 2026 (filed Aug 11, 2026): 214 long positions worth $3.32B. The top 10 holdings make up 56.8% of the portfolio, and the largest is Vanguard S&P 500 ETF at 10.6%. 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
22
Est. +$23.2M
Added
57
Est. +$167.8M
Reduced
96
Est. −$161.5M
Sold out
12
Est. −$14.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    10.6%$353.7M
  2. iShares MSCI Eafe ETF464287465
    9.4%$311.2M
  3. SPYSPDR S&P 500 ETF Trust
    7.3%$241.6MHistory
  4. Vanguard Real Estate ETF922908553
    5.1%$169.2M
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    4.8%$159.2M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287234
    +$79.4MAdded
  2. PIMCO Active Bond Exchange-Traded Fund72201R775
    +$16.5MAdded
  3. UNPUnion Pacific Corp
    +$12.3MAddedHistory
  4. ASMLASML Holding NV
    +$9.78MAddedHistory
  5. iShares Tr46434V878
    +$7.81MAdded

Largest weight increases

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

  1. iShares Tr464287234
    +2.41 pp0.2% → 2.6%
  2. UNPUnion Pacific Corp
    +0.37 pp<0.1% → 0.4%History
  3. ASMLASML Holding NV
    +0.30 pp<0.1% → 0.3%History
  4. RTXRTX Corp
    +0.22 pp<0.1% → 0.2%History
  5. SNOWSnowflake Inc.
    +0.19 pp0.1% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Ftse Emerging Markets ETF922042858
    −$48.3MReduced
  2. iShares Core S&P Mid-Cap ETF464287507
    −$41.5MReduced
  3. iShares Russell 2000 ETF464287655
    −$24.8MReduced
  4. HONHoneywell International Inc
    −$7.55MSold outHistory
  5. Vanguard S&P 500 ETF922908363
    −$7.55MReduced

Largest weight decreases

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

  1. Vanguard Ftse Emerging Markets ETF922042858
    −1.52 pp5.9% → 4.3%
  2. iShares Core S&P Mid-Cap ETF464287507
    −1.13 pp5.3% → 4.2%
  3. iShares MSCI Eafe ETF464287465
    −0.50 pp9.9% → 9.4%
  4. iShares Russell 2000 ETF464287655
    −0.35 pp4.7% → 4.4%
  5. HONHoneywell International Inc
    −0.25 pp0.3% → 0.0%History

Metrics

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

Portfolio value
$3.32B
+$349.3M (+11.8%) vs. prior quarter
Positions
214
+10 vs. prior quarter
Top 10 concentration
56.8%
Top 10 as share of value
Turnover
5.6%
Q2 2026, one quarter
Average holding period
19.3 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 $3.32B (Q2 2026)

Q1 2021: $1.54BQ2 2021: $1.64BQ3 2021: $1.65BQ4 2021: $1.78BQ1 2022: $1.81BQ2 2022: $1.76BQ3 2022: $1.59BQ4 2022: $1.77BQ1 2023: $1.86BQ2 2023: $2.01BQ3 2023: $1.81BQ4 2023: $2.08BQ1 2024: $2.11BQ2 2024: $2.20BQ3 2024: $2.37BQ4 2024: $2.36BQ1 2025: $2.43BQ2 2025: $2.69BQ3 2025: $2.84BQ4 2025: $2.87BQ1 2026: $2.97BQ2 2026: $3.32B
Q1 2021Q2 2026
13F filings of Sand Hill Global Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026214$3.32BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q1 2026SEC
Q1 2026May 14, 2026204$2.97BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q4 2025SEC
Q4 2025Feb 12, 2026197$2.87BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q3 2025SEC
Q3 2025Nov 12, 2025199$2.84BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q2 2025SEC
Q2 2025Aug 14, 2025202$2.69BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q1 2025SEC
Q1 2025May 13, 2025194$2.43BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q4 2024SEC
Q4 2024Feb 13, 2025188$2.36BVanguard S&P 500 ETFSPYiShares MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Nov 12, 2024195$2.37BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q2 2024SEC
Q2 2024Aug 13, 2024189$2.20BVanguard S&P 500 ETFSPYiShares MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024May 13, 2024162$2.11BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q4 2023SEC
Q4 2023Feb 9, 2024161$2.08BVanguard S&P 500 ETFiShares MSCI Eafe ETFSPYvs. Q3 2023SEC
Q3 2023Nov 13, 2023152$1.81BSPYiShares MSCI Eafe ETFVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 11, 2023153$2.01BSPYiShares MSCI Eafe ETFVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 12, 2023155$1.86BSPYiShares MSCI Eafe ETFVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 10, 2023160$1.77BSPYiShares MSCI Eafe ETFVanguard S&P 500 ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022154$1.59BSPYiShares MSCI Eafe ETFVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Aug 15, 2022154$1.76BSPYiShares MSCI Eafe ETFVanguard S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 13, 2022151$1.81BSPYiShares MSCI Eafe ETFVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022158$1.78BSPYVanguard S&P 500 ETFiShares MSCI Eafe ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021156$1.65BSPYVanguard S&P 500 ETFiShares MSCI Eafe ETFvs. Q2 2021SEC
Q2 2021Aug 13, 2021160$1.64BSPYVanguard S&P 500 ETFiShares MSCI Eafe ETFvs. Q1 2021SEC
Q1 2021May 13, 2021140$1.54BSPYVanguard S&P 500 ETFiShares MSCI Eafe ETF–SEC