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Livermore
Livermore
ZHEN

LS Investment Advisors, LLC

SEC CIK
0001455845
Latest filing
Jul 21, 2026

The latest 13F from LS Investment Advisors, LLC covers Q2 2026 (filed Jul 21, 2026): 127 long positions worth $737.8M. The top 10 holdings make up 43.6% of the portfolio, and the largest is Apple Inc. (AAPL) at 10.7%. Livermore has 23 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
11
Est. +$7.49M
Added
28
Est. +$18.9M
Reduced
61
Est. −$25.2M
Sold out
10
Est. −$4.31M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    10.7%$78.6MHistory
  2. GOOGAlphabet Inc.
    6.1%$45.1MHistory
  3. Vanguard Whitehall FDS921946794
    4.9%$36.4M
  4. CATCaterpillar Inc
    4.2%$31.0MHistory
  5. MSFTMicrosoft Corp
    3.9%$28.4MHistory

Share of portfolio

Top 5 holdings and the other 122 positions, by share of portfolio value

  1. AAPL10.7%
  2. GOOG6.1%
  3. Vanguard Whitehall FDS4.9%
  4. CAT4.2%
  5. MSFT3.9%
  6. Other 122 positions70.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    +$6.04MAdded
  2. Litman Gregory FDS Tr53700T827
    +$5.18MAdded
  3. DELLDell Technologies Inc.
    +$1.86MAddedHistory
  4. AMATApplied Materials Inc
    +$1.24MNewHistory
  5. CAHCardinal Health Inc
    +$1.13MNewHistory

Largest weight increases

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

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    +0.81 pp0.6% → 1.4%
  2. Litman Gregory FDS Tr53700T827
    +0.68 pp0.2% → 0.9%
  3. GOOGAlphabet Inc.
    +0.65 pp5.5% → 6.1%History
  4. AAPLApple Inc.
    +0.35 pp10.3% → 10.7%History
  5. INTCIntel Corp
    +0.34 pp0.2% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SHWSherwin Williams Co
    −$8.12MReducedHistory
  2. Vanguard Whitehall FDS921946794
    −$5.02MReduced
  3. MRKMerck & Co., Inc.
    −$1.13MReducedHistory
  4. CATCaterpillar Inc
    −$796.5KReducedHistory
  5. PGProcter & Gamble Co
    −$692.0KReducedHistory

Largest weight decreases

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

  1. SHWSherwin Williams Co
    −1.14 pp1.4% → 0.3%History
  2. Vanguard Whitehall FDS921946794
    −1.02 pp5.9% → 4.9%
  3. WMTWalmart Inc.
    −0.47 pp2.6% → 2.1%History
  4. GLDSPDR Gold Trust
    −0.39 pp1.4% → 1.0%History
  5. XOMExxonMobil Holdings Corp
    −0.35 pp1.3% → 0.9%History

Metrics

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

Portfolio value
$737.8M
+$69.6M (+10.4%) vs. prior quarter
Positions
127
+1 vs. prior quarter
Top 10 concentration
43.6%
Top 10 as share of value
Turnover
3.8%
Q2 2026, one quarter
Average holding period
19.3 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 $1.79B (Q1 2021)

Q1 2021: $1.79BQ2 2021: $789.6MQ3 2021: $776.6MQ4 2021: $662.7MQ1 2022: $629.9MQ2 2022: $536.2MQ3 2022: $492.6MQ4 2022: $513.5MQ1 2023: $539.2MQ2 2023: $569.7MQ3 2023: $532.0MQ4 2023: $576.8MQ1 2024: $630.1MQ2 2024: $640.8MQ3 2024: $676.9MQ4 2024: $682.0MQ1 2025: $649.8MQ2 2025: $684.3MQ3 2025: $709.9MQ4 2025: $713.7MQ1 2026: $668.3MQ2 2026: $737.8M
Q1 2021Q2 2026
13F filings of LS Investment Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 2026127$737.8MAAPLGOOGVanguard Whitehall FDSvs. Q1 2026SEC
Q1 2026Apr 21, 2026126$668.3MAAPLVanguard Whitehall FDSGOOGvs. Q4 2025SEC
Q4 2025Jan 26, 2026131$713.7MAAPLGOOGMSFTvs. Q3 2025SEC
Q3 2025Oct 22, 2025138$709.9MAAPLMSFTGOOGvs. Q2 2025SEC
Q2 2025Jul 16, 2025132$684.3MAAPLMSFTGOOGvs. Q1 2025SEC
Q1 2025Apr 10, 2025129$649.8MAAPLMSFTFISVvs. Q4 2024SEC
Q4 2024Jan 24, 2025134$682.0MAAPLMSFTGOOGvs. Q3 2024SEC
Q3 2024Oct 31, 2024139$676.9MAAPLMSFTGOOGvs. Q2 2024SEC
Q2 2024Jul 26, 2024136$640.8MAAPLMSFTGOOGvs. Q1 2024SEC
Q1 2024Apr 30, 2024137$630.1MAAPLMSFTGOOGvs. Q4 2023SEC
Q4 2023Jan 12, 2024131$576.8MAAPLMSFTGOOGvs. Q3 2023SEC
Q3 2023Oct 18, 2023126$532.0MAAPLMSFTGOOGvs. Q2 2023SEC
Q2 2023Jul 20, 2023125$569.7MAAPLMSFTGOOGvs. Q1 2023SEC
Q1 2023Apr 26, 2023129$539.2MAAPLMSFTVvs. Q4 2022SEC
Q4 2022Jan 20, 2023130$513.5MAAPLHDMSFTvs. Q3 2022SEC
Q3 2022Oct 28, 2022121$492.6MAAPLHDMSFTvs. Q2 2022SEC
Q2 2022Oct 28, 2022Amended128$536.2MAAPLMSFTHDvs. Q1 2022SEC
Q1 2022May 10, 2022144$629.9MAAPLMSFTGOOGvs. Q4 2021SEC
Q4 2021Feb 14, 2022150$662.7MAAPLHDTERvs. Q3 2021SEC
Q3 2021Oct 21, 2021165$776.6MAAPLHDGOOGvs. Q2 2021SEC
Q2 2021Aug 11, 2021166$789.6MAAPLTERHDvs. Q1 2021SEC
Q1 2021May 13, 2021811$1.79BAAPLMSFTAMZN–SEC