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Livermore
Livermore
ZHEN

West Chester Capital Advisors, Inc

SEC CIK
0001102062
Latest filing
Aug 3, 2026

The latest 13F from West Chester Capital Advisors, Inc covers Q2 2026 (filed Aug 3, 2026): 54 long positions worth $150.2M. The top 10 holdings make up 82.8% of the portfolio, and the largest is Vanguard S&P 500 ETF at 56.2%. Livermore has 18 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
1
Est. +$413.7K
Added
2
Est. +$7.85K
Reduced
45
Est. −$20.8M
Sold out
6
Est. −$1.47M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    56.2%$84.5M
  2. iShares Tr464287440
    6.6%$9.94M
  3. iShares Tr464288661
    6.4%$9.65M
  4. Vanguard Scottsdale FDS92206C102
    2.5%$3.79M
  5. ASRVAmeriserv Financial Inc
    2.3%$3.45MHistory

Share of portfolio

Top 5 holdings and the other 49 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF56.2%
  2. iShares Tr6.6%
  3. iShares Tr6.4%
  4. Vanguard Scottsdale FDS2.5%
  5. ASRV2.3%
  6. Other 49 positions25.9%

Biggest buys

New and added positions, by estimated amount bought

  1. NMZNuveen Municipal High Income Opportunity Fund
    +$413.7KNewHistory
  2. NVDANVIDIA Corp
    +$6.40KAddedHistory
  3. ASRVAmeriserv Financial Inc
    +$1.45KAddedHistory

Largest weight increases

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

  1. NMZNuveen Municipal High Income Opportunity Fund
    +0.28 pp0.0% → 0.3%History
  2. ASRVAmeriserv Financial Inc
    +0.24 pp2.1% → 2.3%History
  3. NVDANVIDIA Corp
    +0.23 pp1.1% → 1.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464287440
    −$4.61MReduced
  2. iShares Tr464288661
    −$4.50MReduced
  3. Vanguard Scottsdale FDS92206C102
    −$2.01MReduced
  4. iShares Tr464288646
    −$1.75MReduced
  5. Vanguard S&P 500 ETF922908363
    −$1.72MReduced

Largest weight decreases

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

  1. iShares Tr464287440
    −2.76 pp9.4% → 6.6%
  2. iShares Tr464288661
    −2.70 pp9.1% → 6.4%
  3. Vanguard Scottsdale FDS92206C102
    −1.20 pp3.7% → 2.5%
  4. iShares Tr464288646
    −1.04 pp3.2% → 2.1%
  5. Vanguard Long-Term Treasury ETF92206C847
    −0.77 pp2.1% → 1.3%

Metrics

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

Portfolio value
$150.2M
−$6.42M (−4.1%) vs. prior quarter
Positions
54
−5 vs. prior quarter
Top 10 concentration
82.8%
Top 10 as share of value
Turnover
0.3%
Q2 2026, one quarter
Average holding period
6.8 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

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

Peak $202.3M (Q2 2025)

Q1 2021: $116.6MQ2 2021: $128.4MQ3 2021: $129.8MQ4 2021: $145.7MQ1 2022: $137.0MQ2 2022: $42.5MQ3 2022: $45.4MQ4 2022: $50.2MQ1 2023: $43.5MQ2 2023: $52.8MQ3 2023: $54.1MQ4 2024: $185.3MQ1 2025: $172.9MQ2 2025: $202.3MQ3 2025: $197.9MQ4 2025: $172.0MQ1 2026: $156.7MQ2 2026: $150.2M
Q1 2021Q2 2026
13F filings of West Chester Capital Advisors, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 202654$150.2MVanguard S&P 500 ETFiShares TriShares Trvs. Q1 2026SEC
Q1 2026May 13, 202659$156.7MVanguard S&P 500 ETFiShares TriShares Trvs. Q4 2025SEC
Q4 2025Feb 10, 202659$172.0MVanguard S&P 500 ETFiShares TriShares Trvs. Q3 2025SEC
Q3 2025Nov 12, 202558$197.9MVanguard S&P 500 ETFiShares TriShares Trvs. Q2 2025SEC
Q2 2025Aug 13, 202558$202.3MVanguard S&P 500 ETFiShares TriShares Trvs. Q1 2025SEC
Q1 2025May 14, 202561$172.9MVanguard S&P 500 ETFiShares TriShares Trvs. Q4 2024SEC
Q4 2024Feb 14, 202563$185.3MVanguard S&P 500 ETFiShares TriShares Tr–SEC
Q3 2023Nov 9, 202343$54.1MVanguard S&P 500 ETFLOBAAPLvs. Q2 2023SEC
Q2 2023Aug 14, 202343$52.8MVanguard S&P 500 ETFLOBAAPLvs. Q1 2023SEC
Q1 2023May 4, 202341$43.5MWisdomTree TrVanguard S&P 500 ETFInvesco Exchange Traded FD Tvs. Q4 2022SEC
Q4 2022Feb 6, 202343$50.2MWisdomTree TrZSQRLOBvs. Q3 2022SEC
Q3 2022Oct 31, 202247$45.4MWisdomTree TrLOBVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Jul 28, 202249$42.5MLOBInvesco Exchange Traded FD TVanguard S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 3, 202267$137.0MProShares TrVanguard S&P 500 ETFProShares Trvs. Q4 2021SEC
Q4 2021Feb 11, 202263$145.7MProShares TrVanguard S&P 500 ETFProShares Trvs. Q3 2021SEC
Q3 2021Nov 5, 202165$129.8MProShares TrVanguard S&P 500 ETFProShares Trvs. Q2 2021SEC
Q2 2021Jul 15, 202170$128.4MProShares TrInvesco Exchange Traded FD TLOBvs. Q1 2021SEC
Q1 2021May 4, 202166$116.6MInvesco Exchange Traded FD TProShares TrLOB–SEC