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Livermore
Livermore
ZHEN

First Foundation Advisors

SEC CIK
0001086763
Latest filing
Aug 14, 2026

The latest 13F from First Foundation Advisors covers Q2 2026 (filed Aug 14, 2026): 353 long positions worth $2.78B. The top 10 holdings make up 46.8% of the portfolio, and the largest is Microsoft Corp (MSFT) at 13.3%. 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
28
Est. +$20.7M
Added
129
Est. +$85.3M
Reduced
142
Est. −$93.2M
Sold out
9
Est. −$9.32M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    13.3%$370.2MHistory
  2. iShares Core S&P 500 ETF464287200
    8.1%$225.0M
  3. GOOGAlphabet Inc.
    4.7%$131.7MHistory
  4. iShares Core MSCI Eafe ETF46432F842
    4.1%$114.9M
  5. AMDAdvanced Micro Devices Inc
    3.8%$105.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. FSUNFirstsun Capital Bancorp
    +$11.3MNewHistory
  2. Cohen & Steers ETF Trust19249U104
    +$11.0MAdded
  3. iShares Core MSCI Eafe ETF46432F842
    +$8.73MAdded
  4. iShares U S ETF Tr46431W598
    +$8.34MAdded
  5. iShares Russell 2000 ETF464287655
    +$6.92MAdded

Largest weight increases

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

  1. AMDAdvanced Micro Devices Inc
    +2.31 pp1.5% → 3.8%History
  2. FSUNFirstsun Capital Bancorp
    +0.40 pp0.0% → 0.4%History
  3. Cohen & Steers ETF Trust19249U104
    +0.39 pp0.2% → 0.6%
  4. iShares Russell 2000 ETF464287655
    +0.35 pp1.3% → 1.6%
  5. iShares Core MSCI Emerging Markets ETF46434G103
    +0.34 pp2.2% → 2.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$18.1MReducedHistory
  2. VanEck Morningstar Wide Moat ETF92189F643
    −$15.5MReduced
  3. J P Morgan Exchange Traded F46641Q126
    −$5.11MReduced
  4. GOOGAlphabet Inc.
    −$3.44MReducedHistory
  5. Ssga Active ETF Tr78467V608
    −$3.15MReduced

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −1.60 pp14.9% → 13.3%History
  2. VanEck Morningstar Wide Moat ETF92189F643
    −0.68 pp2.9% → 2.2%
  3. AAPLApple Inc.
    −0.60 pp2.9% → 2.3%History
  4. J P Morgan Exchange Traded F46641Q332
    −0.42 pp3.6% → 3.2%
  5. J P Morgan Exchange Traded F46641Q126
    −0.20 pp0.6% → 0.4%

Metrics

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

Portfolio value
$2.78B
+$300.7M (+12.1%) vs. prior quarter
Positions
353
+19 vs. prior quarter
Top 10 concentration
46.8%
Top 10 as share of value
Turnover
3.9%
Q2 2026, one quarter
Average holding period
20.1 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 $2.91B (Q4 2021)

Q1 2021: $2.33BQ2 2021: $2.60BQ3 2021: $2.68BQ4 2021: $2.91BQ1 2022: $2.77BQ2 2022: $2.26BQ3 2022: $2.04BQ4 2022: $2.09BQ1 2023: $2.17BQ2 2023: $2.31BQ3 2023: $2.14BQ4 2023: $2.19BQ1 2024: $2.50BQ2 2024: $2.62BQ3 2024: $2.65BQ4 2024: $2.66BQ1 2025: $2.46BQ2 2025: $2.70BQ3 2025: $2.71BQ4 2025: $2.65BQ1 2026: $2.48BQ2 2026: $2.78B
Q1 2021Q2 2026
13F filings of First Foundation Advisors by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026353$2.78BMSFTiShares Core S&P 500 ETFGOOGvs. Q1 2026SEC
Q1 2026May 4, 2026334$2.48BMSFTiShares Core S&P 500 ETFGOOGvs. Q4 2025SEC
Q4 2025Feb 4, 2026337$2.65BMSFTiShares Core S&P 500 ETFGOOGvs. Q3 2025SEC
Q3 2025Nov 17, 2025334$2.71BMSFTiShares Core S&P 500 ETFGOOGvs. Q2 2025SEC
Q2 2025Aug 14, 2025329$2.70BMSFTiShares Core S&P 500 ETFGOOGvs. Q1 2025SEC
Q1 2025May 8, 2025331$2.46BMSFTiShares Core S&P 500 ETFVanEck Morningstar Wide Moat ETFvs. Q4 2024SEC
Q4 2024Feb 13, 2025341$2.66BMSFTiShares Core S&P 500 ETFGOOGvs. Q3 2024SEC
Q3 2024Nov 14, 2024355$2.65BMSFTiShares Core S&P 500 ETFVanEck Morningstar Wide Moat ETFvs. Q2 2024SEC
Q2 2024Aug 6, 2024431$2.62BMSFTiShares Core S&P 500 ETFGOOGvs. Q1 2024SEC
Q1 2024May 10, 2024433$2.50BMSFTiShares Core S&P 500 ETFGOOGvs. Q4 2023SEC
Q4 2023Feb 14, 2024431$2.19BMSFTGOOGiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 15, 2023423$2.14BMSFTGOOGAMZNvs. Q2 2023SEC
Q2 2023Aug 14, 2023415$2.31BMSFTGOOGAAPLvs. Q1 2023SEC
Q1 2023May 12, 2023391$2.17BMSFTGOOGUPSvs. Q4 2022SEC
Q4 2022Feb 14, 2023400$2.09BMSFTGOOGUPSvs. Q3 2022SEC
Q3 2022Nov 14, 2022384$2.04BMSFTGOOGAAPLvs. Q2 2022SEC
Q2 2022Aug 12, 2022400$2.26BMSFTGOOGIAUvs. Q1 2022SEC
Q1 2022May 5, 2022423$2.77BMSFTGOOGAMZNvs. Q4 2021SEC
Q4 2021Feb 14, 2022439$2.91BMSFTGOOGAMZNvs. Q3 2021SEC
Q3 2021Nov 15, 2021441$2.68BMSFTGOOGIAUvs. Q2 2021SEC
Q2 2021Aug 13, 2021448$2.60BMSFTGOOGIAUvs. Q1 2021SEC
Q1 2021May 18, 2021413$2.33BMSFTGOOGIAU–SEC

13D and 13G filings

Companies where First Foundation Advisors reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

First Foundation Advisors does not currently report owning 5% or more of any company.

Latest filings

9 filings on file made by First Foundation Advisors or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by First Foundation Advisors
CompanyFiled (ET)FormStakeChangeEvent dateFiling
TLFTandy Leather Factory IncAug 4, 202313DOld format–––SEC
TLFTandy Leather Factory IncMay 25, 202313DOld format–––SEC
TLFTandy Leather Factory IncFeb 14, 202313G/AOld format–––SEC
TLFTandy Leather Factory IncAug 19, 202213G/AOld format–––SEC
TLFTandy Leather Factory IncAug 11, 202213G/AOld format–––SEC
TLFTandy Leather Factory IncAug 11, 202213G/AOld format–––SEC
TLFTandy Leather Factory IncAug 11, 202213GOld format–New–SEC
VWTRVidler Water Resources, Inc.Aug 16, 202113GOld format–––SEC
VWTRVidler Water Resources, Inc.May 18, 202113GOld format–New–SEC