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Livermore
Livermore
ZHEN

Arrow Investment Advisors, LLC

SEC CIK
0001378410
Latest filing
Aug 4, 2026

The latest 13F from Arrow Investment Advisors, LLC covers Q2 2026 (filed Aug 4, 2026): 75 long positions worth $103.4M. The top 10 holdings make up 77.7% of the portfolio, and the largest is Arrow Invts Tr at 39.6%. 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
26
Est. +$14.8M
Added
23
Est. +$1.65M
Reduced
20
Est. −$957.1K
Sold out
10
Est. −$10.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. Arrow Invts Tr042765719
    39.6%$40.9M
  2. iShares Tr46432F388
    6.2%$6.38M
  3. iShares Tr464287234
    5.2%$5.40M
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    4.8%$5.00M
  5. iShares Inc464286608
    4.6%$4.76M

Share of portfolio

Top 5 holdings and the other 70 positions, by share of portfolio value

  1. Arrow Invts Tr39.6%
  2. iShares Tr6.2%
  3. iShares Tr5.2%
  4. State Street Industrial Select Sector SPDR ETF4.8%
  5. iShares Inc4.6%
  6. Other 70 positions39.6%

Biggest buys

New and added positions, by estimated amount bought

  1. First Tr Exchange-Traded Alp33734Y109
    +$4.68MNew
  2. Arrow ETF Tr04273H104
    +$4.07MNew
  3. iShares Tr464287457
    +$1.27MAdded
  4. iShares Inc46434G772
    +$526.5KNew
  5. RHIRobert Half Inc.
    +$338.0KNewHistory

Largest weight increases

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

  1. First Tr Exchange-Traded Alp33734Y109
    +4.53 pp0.0% → 4.5%
  2. Arrow ETF Tr04273H104
    +3.94 pp0.0% → 3.9%
  3. iShares Tr464287457
    +1.13 pp1.0% → 2.2%
  4. iShares Inc46434G772
    +0.51 pp0.0% → 0.5%
  5. RHIRobert Half Inc.
    +0.33 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares S&P 500 Growth ETF464287309
    −$4.17MSold out
  2. iShares MSCI USA Momentum Factor ETF46432F396
    −$3.53MSold out
  3. iShares Tr464287432
    −$1.25MSold out
  4. Global X FDS37954Y327
    −$554.2KSold out
  5. iShares Tr464288513
    −$297.3KReduced

Largest weight decreases

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

  1. iShares S&P 500 Growth ETF464287309
    −4.44 pp4.4% → 0.0%
  2. iShares MSCI USA Momentum Factor ETF46432F396
    −3.76 pp3.8% → 0.0%
  3. iShares Tr464287432
    −1.34 pp1.3% → 0.0%
  4. Global X FDS37954Y327
    −0.59 pp0.6% → 0.0%
  5. iShares Tr464288513
    −0.38 pp1.1% → 0.7%

Metrics

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

Portfolio value
$103.4M
+$9.45M (+10.1%) vs. prior quarter
Positions
75
+16 vs. prior quarter
Top 10 concentration
77.7%
Top 10 as share of value
Turnover
12.0%
Q2 2026, one quarter
Average holding period
11.1 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 $161.5M (Q2 2021)

Q1 2021: $145.0MQ2 2021: $161.5MQ3 2021: $152.5MQ4 2021: $141.1MQ1 2022: $134.9MQ2 2022: $125.1MQ3 2022: $129.4MQ4 2022: $142.2MQ1 2023: $136.8MQ2 2023: $127.0MQ3 2023: $125.2MQ4 2023: $115.8MQ1 2024: $117.1MQ2 2024: $109.7MQ3 2024: $107.4MQ4 2024: $107.4MQ1 2025: $94.5MQ2 2025: $103.3MQ3 2025: $90.6MQ4 2025: $90.0MQ1 2026: $93.9MQ2 2026: $103.4M
Q1 2021Q2 2026
13F filings of Arrow Investment Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 202675$103.4MArrow Invts TriShares TriShares Trvs. Q1 2026SEC
Q1 2026May 4, 202659$93.9MArrow Invts TriShares TriShares Trvs. Q4 2025SEC
Q4 2025Feb 9, 202649$90.0MArrow Invts TrState Street Industrial Select Sector SPDR ETFiShares Incvs. Q3 2025SEC
Q3 2025Oct 30, 202553$90.6MArrow Invts TrState Street Industrial Select Sector SPDR ETFiShares Incvs. Q2 2025SEC
Q2 2025Jul 11, 202552$103.3MArrow Invts TrArrow Invts TrState Street Industrial Select Sector SPDR ETFvs. Q1 2025SEC
Q1 2025Apr 22, 202546$94.5MArrow Invts TriShares S&P 500 Growth ETFiShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Mar 25, 202547$107.4MArrow Invts TrArrow Invts TriShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Mar 25, 202547$107.4MArrow Invts TrArrow Invts TriShares MSCI USA Quality Factor ETFvs. Q2 2024SEC
Q2 2024Aug 14, 202447$109.7MArrow Invts TriShares S&P 500 Growth ETFiShares MSCI USA Quality Factor ETFvs. Q1 2024SEC
Q1 2024May 15, 202452$117.1MArrow Invts TriShares MSCI USA Quality Factor ETFInvesco Exchange Traded FD Tvs. Q4 2023SEC
Q4 2023Feb 14, 202448$115.8MArrow Invts TrArrow Invts TrInvesco Exchange Traded FD Tvs. Q3 2023SEC
Q3 2023Nov 15, 202348$125.2MArrow Invts TriShares MSCI USA Quality Factor ETFInvesco Exchange Traded FD Tvs. Q2 2023SEC
Q2 2023Aug 14, 202361$127.0MArrow Invts TrInvesco Exchange Traded FD TState Street Industrial Select Sector SPDR ETFvs. Q1 2023SEC
Q1 2023May 15, 202365$136.8MArrow Invts TrArrow Invts TrState Street Energy Select Sector SPDR ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202369$142.2MArrow Invts TrDBCArrow Invts Trvs. Q3 2022SEC
Q3 2022Nov 15, 202263$129.4MArrow Invts TrDBCState Street Energy Select Sector SPDR ETFvs. Q2 2022SEC
Q2 2022Aug 16, 202266$125.1MArrow Invts TrDBCiShares Trvs. Q1 2022SEC
Q1 2022May 16, 202278$134.9MArrow Invts TrDBCArrow Invts Trvs. Q4 2021SEC
Q4 2021Feb 15, 202289$141.1MArrow Invts TrArrow Invts TrDBCvs. Q3 2021SEC
Q3 2021Nov 15, 202194$152.5MArrow Invts TrArrow Invts TrDBCvs. Q2 2021SEC
Q2 2021Aug 16, 202199$161.5MArrow Invts TrArrow Invts TrArrow Invts Trvs. Q1 2021SEC
Q1 2021Apr 29, 202158$145.0MArrow Invts TrArrow Invts TrState Street Technology Select Sector SPDR ETF–SEC