Skip to main content
Livermore
Livermore
ZHEN

BCM Advisors, LLC

SEC CIK
0001373017
Latest filing
Jul 28, 2026

The latest 13F from BCM Advisors, LLC covers Q2 2026 (filed Jul 28, 2026): 80 long positions worth $513.6M. The top 10 holdings make up 70.2% of the portfolio, and the largest is Vanguard Intermediate-Term Bond ETF at 18.6%. 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
5
Est. +$11.5M
Added
23
Est. +$7.76M
Reduced
20
Est. −$23.5M
Sold out
3
Est. −$8.16M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Intermediate-Term Bond ETF921937819
    18.6%$95.7M
  2. GLDSPDR Gold Trust
    13.7%$70.4MHistory
  3. Dimensional ETF Trust25434V104
    11.5%$59.3M
  4. Vanguard Morningstar Total Stock Market ETF922908769
    8.2%$42.0M
  5. WisdomTree Tr97717X669
    7.0%$36.1M

Biggest buys

New and added positions, by estimated amount bought

  1. XOMExxonMobil Holdings Corp
    +$8.33MNewHistory
  2. Schwab US Dividend Equity ETF808524797
    +$4.49MAdded
  3. Vanguard Star FDS921909768
    +$1.30MNew
  4. GLDMWorld Gold Trust
    +$1.15MAddedHistory
  5. American Centy ETF Tr025072877
    +$848.4KNew

Largest weight increases

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

  1. XOMExxonMobil Holdings Corp
    +1.62 pp0.0% → 1.6%History
  2. Schwab US Dividend Equity ETF808524797
    +0.90 pp0.6% → 1.5%
  3. JNJJohnson & Johnson
    +0.28 pp1.7% → 2.0%History
  4. Vanguard Star FDS921909768
    +0.25 pp0.0% → 0.3%
  5. GLDMWorld Gold Trust
    +0.19 pp0.3% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Mid-Cap ETF922908629
    −$12.3MReducedConverted for a 4-for-1 split
  2. XOMExxonMobil Holdings Corp
    −$8.16MSold outHistory
  3. Vanguard Information Technology ETF92204A702
    −$2.16MReducedConverted for a 8-for-1 split
  4. Dimensional ETF Trust25434V104
    −$2.02MReduced
  5. Vanguard S&P 500 Growth ETF921932505
    −$2.01MReducedConverted for a 6-for-1 split

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −2.09 pp15.8% → 13.7%History
  2. XOMExxonMobil Holdings Corp
    −1.61 pp1.6% → 0.0%History
  3. iShares Tr464287440
    −0.33 pp0.6% → 0.3%
  4. WisdomTree Tr97717X669
    −0.16 pp7.2% → 7.0%
  5. Dimensional ETF Trust25434V104
    −0.15 pp11.7% → 11.5%

Metrics

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

Portfolio value
$513.6M
+$6.73M (+1.3%) vs. prior quarter
Positions
80
+2 vs. prior quarter
Top 10 concentration
70.2%
Top 10 as share of value
Turnover
3.8%
Q2 2026, one quarter
Average holding period
18.7 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 $521.9M (Q4 2025)

Q1 2021: $331.0MQ2 2021: $369.3MQ3 2021: $374.5MQ4 2021: $388.6MQ1 2022: $377.0MQ2 2022: $363.3MQ3 2022: $339.8MQ4 2022: $361.8MQ1 2023: $369.6MQ2 2023: $373.2MQ3 2023: $337.4MQ4 2023: $380.6MQ1 2024: $394.8MQ2 2024: $421.6MQ3 2024: $435.6MQ4 2024: $447.8MQ1 2025: $440.9MQ2 2025: $469.6MQ3 2025: $497.0MQ4 2025: $521.9MQ1 2026: $506.9MQ2 2026: $513.6M
Q1 2021Q2 2026
13F filings of BCM Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 202680$513.6MVanguard Intermediate-Term Bond ETFGLDDimensional ETF Trustvs. Q1 2026SEC
Q1 2026May 5, 202678$506.9MVanguard Intermediate-Term Bond ETFGLDDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Jan 26, 202673$521.9MVanguard Intermediate-Term Bond ETFGLDDimensional ETF Trustvs. Q3 2025SEC
Q3 2025Oct 29, 202574$497.0MVanguard Intermediate-Term Bond ETFGLDDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Jul 30, 202570$469.6MGLDVanguard Intermediate-Term Bond ETFDimensional ETF Trustvs. Q1 2025SEC
Q1 2025May 6, 202569$440.9MGLDVanguard Intermediate-Term Bond ETFDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Feb 6, 202570$447.8MVanguard Intermediate-Term Bond ETFGLDDimensional ETF Trustvs. Q3 2024SEC
Q3 2024Nov 6, 202467$435.6MDimensional ETF TrustGLDVanguard Intermediate-Term Bond ETFvs. Q2 2024SEC
Q2 2024Aug 2, 202472$421.6MVanguard Intermediate-Term Bond ETFDimensional ETF TrustGLDvs. Q1 2024SEC
Q1 2024Apr 25, 202468$394.8MVanguard Intermediate-Term Bond ETFDimensional ETF TrustGLDvs. Q4 2023SEC
Q4 2023Jan 31, 202466$380.6MVanguard Intermediate-Term Bond ETFDimensional ETF TrustGLDvs. Q3 2023SEC
Q3 2023Nov 9, 202365$337.4MVanguard Intermediate-Term Bond ETFGLDDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Jul 14, 202361$373.2MVanguard Intermediate-Term Bond ETFGLDVanguard Consumer Staples ETFvs. Q1 2023SEC
Q1 2023May 2, 202360$369.6MVanguard Intermediate-Term Bond ETFGLDVanguard Consumer Staples ETFvs. Q4 2022SEC
Q4 2022Feb 10, 202362$361.8MVanguard Intermediate-Term Bond ETFGLDVanguard Consumer Staples ETFvs. Q3 2022SEC
Q3 2022Nov 2, 202260$339.8MVanguard Intermediate-Term Bond ETFGLDVanguard Consumer Staples ETFvs. Q2 2022SEC
Q2 2022Jul 28, 202257$363.3MVanguard Morningstar Total Stock Market ETFVanguard Intermediate-Term Bond ETFGLDvs. Q1 2022SEC
Q1 2022Apr 29, 202254$377.0MVanguard Morningstar Total Stock Market ETFVanguard Intermediate-Term Bond ETFGLDvs. Q4 2021SEC
Q4 2021Feb 2, 202254$388.6MVanguard Morningstar Total Stock Market ETFVanguard Intermediate-Term Bond ETFGLDvs. Q3 2021SEC
Q3 2021Nov 1, 202152$374.5MVanguard Morningstar Total Stock Market ETFVanguard Intermediate-Term Bond ETFGLDvs. Q2 2021SEC
Q2 2021Aug 3, 202154$369.3MVanguard Morningstar Total Stock Market ETFVanguard Intermediate-Term Bond ETFGLDvs. Q1 2021SEC
Q1 2021Apr 28, 202151$331.0MVanguard Morningstar Total Stock Market ETFGLDVanguard Intermediate-Term Bond ETF–SEC