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Livermore
Livermore
ZHEN

HBK Sorce Advisory LLC

SEC CIK
0001379995
Latest filing
Aug 6, 2026

The latest 13F from HBK Sorce Advisory LLC covers Q2 2026 (filed Aug 6, 2026): 658 long positions worth $5.13B. The top 10 holdings make up 70.2% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 20.8%. Livermore has 24 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
47
Est. +$13.3M
Added
283
Est. +$102.5M
Reduced
264
Est. −$132.3M
Sold out
31
Est. −$7.04M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    20.8%$1.07B
  2. Vanguard Malvern FDS922020748
    16.8%$863.8M
  3. Vanguard Ftse Developed Markets ETF921943858
    11.1%$570.6M
  4. Dimensional ETF Trust25434V641
    7.5%$384.9M
  5. Vanguard Mun BD FDS922907712
    5.3%$273.9M

Share of portfolio

Top 5 holdings and the other 653 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap ETF20.8%
  2. Vanguard Malvern FDS16.8%
  3. Vanguard Ftse Developed Markets ETF11.1%
  4. Dimensional ETF Trust7.5%
  5. Vanguard Mun BD FDS5.3%
  6. Other 653 positions38.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Malvern FDS922020748
    +$22.3MAdded
  2. Vanguard Mun BD FDS922907712
    +$14.3MAdded
  3. Schwab U.S. Large-Cap ETF808524201
    +$10.0MAdded
  4. Dimensional ETF Trust25434V641
    +$6.28MAdded
  5. First Tr Exchange-Traded FD33739Q408
    +$6.03MAdded

Largest weight increases

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

  1. Dimensional ETF Trust25434V641
    +0.21 pp7.3% → 7.5%
  2. Schwab U.S. Large-Cap ETF808524201
    +0.21 pp20.6% → 20.8%
  3. MSFTMicrosoft Corp
    +0.11 pp0.8% → 0.9%History
  4. JPMJPMorgan Chase & Co
    +0.10 pp0.7% → 0.8%History
  5. First Tr Exchange-Traded FD33739Q408
    +0.10 pp0.4% → 0.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Russell 1000 Growth ETF464287614
    −$50.4MReducedConverted for a 4-for-1 split
  2. Vanguard Morningstar Growth ETF922908736
    −$36.9MReducedConverted for a 6-for-1 split
  3. BKNGBooking Holdings Inc.
    −$19.6MReducedConverted for a 25-for-1 splitHistory
  4. Vanguard Information Technology ETF92204A702
    −$3.98MReducedConverted for a 8-for-1 split
  5. iShares Core High Dividend ETF46429B663
    −$1.73MReducedConverted for a 5-for-1 split

Largest weight decreases

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

  1. TSLATesla, Inc.
    −0.07 pp0.2% → 0.2%History
  2. Dimensional ETF Trust25434V872
    −0.06 pp0.9% → 0.8%
  3. GOOGAlphabet Inc.
    −0.06 pp0.4% → 0.4%History
  4. Schwab Emerging Markets Equity ETF808524706
    −0.05 pp0.6% → 0.6%
  5. HONHoneywell International Inc
    −0.03 pp<0.1% → 0.0%History

Metrics

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

Portfolio value
$5.13B
+$227.0M (+4.6%) vs. prior quarter
Positions
658
+16 vs. prior quarter
Top 10 concentration
70.2%
Top 10 as share of value
Turnover
2.3%
Q2 2026, one quarter
Average holding period
17.1 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 $5.13B (Q2 2026)

Q1 2021: $1.68BQ2 2021: $1.81BQ3 2021: $1.81BQ4 2021: $1.98BQ1 2022: $1.83BQ2 2022: $1.36BQ3 2022: $1.49BQ4 2022: $3.72BQ1 2023: $2.20BQ2 2023: $2.36BQ3 2023: $2.27BQ4 2023: $2.59BQ1 2024: $2.83BQ2 2024: $2.86BQ3 2024: $3.28BQ4 2024: $3.31BQ1 2025: $3.41BQ2 2025: $3.69BQ3 2025: $3.99BQ4 2025: $4.35BQ1 2026: $4.90BQ2 2026: $5.13B
Q1 2021Q2 2026
13F filings of HBK Sorce Advisory LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 2026658$5.13BSchwab U.S. Large-Cap ETFVanguard Malvern FDSVanguard Ftse Developed Markets ETFvs. Q1 2026SEC
Q1 2026May 11, 2026642$4.90BSchwab U.S. Large-Cap ETFVanguard Malvern FDSVanguard Ftse Developed Markets ETFvs. Q4 2025SEC
Q4 2025Feb 9, 2026626$4.35BSchwab U.S. Large-Cap ETFVanguard Malvern FDSVanguard Ftse Developed Markets ETFvs. Q3 2025SEC
Q3 2025Oct 16, 2025Amended622$3.99BSchwab U.S. Large-Cap ETFVanguard Malvern FDSVanguard Ftse Developed Markets ETFvs. Q2 2025SEC
Q2 2025Aug 4, 2025588$3.69BSchwab U.S. Large-Cap ETFVanguard Malvern FDSVanguard Ftse Developed Markets ETFvs. Q1 2025SEC
Q1 2025Apr 23, 2025592$3.41BSchwab U.S. Large-Cap ETFVanguard Malvern FDSVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Feb 10, 2025575$3.31BSchwab U.S. Large-Cap ETFVanguard Malvern FDSVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Nov 12, 2024581$3.28BSchwab U.S. Large-Cap ETFVanguard Malvern FDSVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Aug 8, 2024565$2.86BSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFDimensional ETF Trustvs. Q1 2024SEC
Q1 2024May 9, 2024601$2.83BSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFDimensional ETF Trustvs. Q4 2023SEC
Q4 2023Jan 25, 2024565$2.59BSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Nov 6, 2023560$2.27BSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Aug 4, 2023580$2.36BSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFDimensional ETF Trustvs. Q1 2023SEC
Q1 2023Aug 15, 2023Amended584$2.20BSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFDimensional ETF Trustvs. Q4 2022SEC
Q4 2022Feb 9, 2023799$3.72BSchwab U.S. Large-Cap ETFVanguard Ftse Developed Markets ETFInvesco Exch TRD SLF Idx FDvs. Q3 2022SEC
Q3 2022Nov 14, 2022604$1.49BSchwab U.S. Large-Cap ETFInvesco Exch TRD SLF Idx FDWisdomTree Trvs. Q2 2022SEC
Q2 2022Aug 15, 2022467$1.36BSchwab U.S. Large-Cap ETFInvesco Exch TRD SLF Idx FDWisdomTree Trvs. Q1 2022SEC
Q1 2022May 13, 2022553$1.83BSchwab U.S. Large-Cap ETFInvesco Exch TRD SLF Idx FDVanguard Scottsdale FDSvs. Q4 2021SEC
Q4 2021Feb 15, 2022595$1.98BSchwab U.S. Large-Cap ETFiShares MSCI Eafe Min Vol Factor ETFInvesco Exch TRD SLF Idx FDvs. Q3 2021SEC
Q3 2021Nov 15, 2021588$1.81BSchwab U.S. Large-Cap ETFiShares MSCI Eafe Min Vol Factor ETFInvesco Exch TRD SLF Idx FDvs. Q2 2021SEC
Q2 2021Aug 12, 2021590$1.81BSchwab U.S. Large-Cap ETFSchwab U.S. Broad Market ETFiShares MSCI Eafe Min Vol Factor ETFvs. Q1 2021SEC
Q1 2021May 14, 2021543$1.68BSchwab U.S. Large-Cap ETFSchwab U.S. Broad Market ETFiShares MSCI Eafe Min Vol Factor ETF–SEC