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Livermore
Livermore
ZHEN

Albion Financial Group

SEC CIK
0001054677
Latest filing
Jul 22, 2026

The latest 13F from Albion Financial Group covers Q2 2026 (filed Jul 22, 2026): 650 long positions worth $1.73B. The top 10 holdings make up 42.6% of the portfolio, and the largest is Vanguard S&P 500 ETF at 13.7%. Livermore has 21 filings on Form 13F from this institution, going back to Q2 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
29
Est. +$15.1M
Added
107
Est. +$77.7M
Reduced
137
Est. −$74.1M
Sold out
116
Est. −$14.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    13.7%$237.0M
  2. AAPLApple Inc.
    5.5%$95.4MHistory
  3. GOOGLAlphabet Inc.
    3.9%$67.0MHistory
  4. AMZNAmazon Com Inc
    3.4%$58.2MHistory
  5. iShares Russell Midcap ETF464287499
    3.3%$57.4M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46436E718
    +$35.6MAdded
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$12.4MAdded
  3. HONHoneywell International Inc
    +$6.57MNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$6.42MNewHistory
  5. Schwab US Dividend Equity ETF808524797
    +$4.85MAdded

Largest weight increases

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

  1. iShares Tr46436E718
    +2.06 pp<0.1% → 2.1%
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.72 pp0.1% → 0.8%
  3. Vanguard S&P 500 ETF922908363
    +0.65 pp13.1% → 13.7%
  4. GOOGLAlphabet Inc.
    +0.43 pp3.4% → 3.9%History
  5. HONHoneywell International Inc
    +0.38 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Russell Midcap ETF464287499
    −$37.2MReduced
  2. HONHoneywell International Inc
    −$13.2MSold outHistory
  3. PEPPepsiCo Inc
    −$5.60MReducedHistory
  4. AVGOBroadcom Inc.
    −$5.17MReducedHistory
  5. iShares S&P 500 Growth ETF464287309
    −$5.06MReduced

Largest weight decreases

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

  1. iShares Russell Midcap ETF464287499
    −2.06 pp5.4% → 3.3%
  2. HONHoneywell International Inc
    −0.85 pp0.8% → 0.0%History
  3. PEPPepsiCo Inc
    −0.58 pp1.2% → 0.6%History
  4. ACNAccenture plc
    −0.52 pp0.5% → <0.1%History
  5. MSFTMicrosoft Corp
    −0.35 pp3.0% → 2.7%History

Metrics

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

Portfolio value
$1.73B
+$176.5M (+11.4%) vs. prior quarter
Positions
650
−87 vs. prior quarter
Top 10 concentration
42.6%
Top 10 as share of value
Turnover
5.4%
Q2 2026, one quarter
Average holding period
19.0 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 (Q2 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q2 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.73B (Q2 2026)

Q2 2021: $1.15BQ3 2021: $1.14BQ4 2021: $1.26BQ1 2022: $1.17BQ2 2022: $1.01BQ3 2022: $968.7MQ4 2022: $1.04BQ1 2023: $1.09BQ2 2023: $1.14BQ3 2023: $1.08BQ4 2023: $1.21BQ1 2024: $1.30BQ2 2024: $1.33BQ3 2024: $1.44BQ4 2024: $1.46BQ1 2025: $1.41BQ2 2025: $1.53BQ3 2025: $1.66BQ4 2025: $1.61BQ1 2026: $1.55BQ2 2026: $1.73B
Q2 2021Q2 2026
13F filings of Albion Financial Group by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026650$1.73BVanguard S&P 500 ETFAAPLGOOGLvs. Q1 2026SEC
Q1 2026Apr 27, 2026737$1.55BVanguard S&P 500 ETFiShares Russell Midcap ETFAAPLvs. Q4 2025SEC
Q4 2025Jan 21, 2026650$1.61BVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q3 2025SEC
Q3 2025Oct 20, 2025651$1.66BVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q2 2025SEC
Q2 2025Jul 17, 2025586$1.53BVanguard S&P 500 ETFiShares Russell Midcap ETFMSFTvs. Q1 2025SEC
Q1 2025Apr 25, 2025607$1.41BVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q4 2024SEC
Q4 2024Jan 17, 2025683$1.46BVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q3 2024SEC
Q3 2024Oct 9, 2024510$1.44BVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q2 2024SEC
Q2 2024Jul 10, 2024510$1.33BVanguard S&P 500 ETFiShares Russell Midcap ETFAAPLvs. Q1 2024SEC
Q1 2024Apr 19, 2024502$1.30BVanguard S&P 500 ETFiShares Russell Midcap ETFLegg Mason ETF Invtvs. Q4 2023SEC
Q4 2023Jan 26, 2024476$1.21BVanguard S&P 500 ETFiShares Russell Midcap ETFLegg Mason ETF Invtvs. Q3 2023SEC
Q3 2023Nov 1, 2023478$1.08BVanguard S&P 500 ETFLegg Mason ETF InvtiShares Russell Midcap ETFvs. Q2 2023SEC
Q2 2023Jul 25, 2023473$1.14BVanguard S&P 500 ETFLegg Mason ETF InvtAAPLvs. Q1 2023SEC
Q1 2023Apr 18, 2023446$1.09BVanguard S&P 500 ETFLegg Mason ETF InvtiShares Russell Midcap ETFvs. Q4 2022SEC
Q4 2022Feb 3, 2023486$1.04BVanguard S&P 500 ETFiShares Russell Midcap ETFAAPLvs. Q3 2022SEC
Q3 2022Oct 27, 2022456$968.7MVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q2 2022SEC
Q2 2022Jul 29, 2022585$1.01BVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q1 2022SEC
Q1 2022May 9, 2022642$1.17BVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q4 2021SEC
Q4 2021Feb 15, 2022651$1.26BVanguard S&P 500 ETFAAPLiShares Russell Midcap ETFvs. Q3 2021SEC
Q3 2021Oct 19, 2021540$1.14BVanguard S&P 500 ETFiShares Russell Midcap ETFAAPLvs. Q2 2021SEC
Q2 2021Aug 12, 2021538$1.15BVanguard S&P 500 ETFiShares Russell Midcap ETFAAPL–SEC