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Livermore
Livermore
ZHEN

Pacific Life Fund Advisors LLC

SEC CIK
0001499091
Latest filing
Aug 4, 2026

The latest 13F from Pacific Life Fund Advisors LLC covers Q2 2026 (filed Aug 4, 2026): 27 long positions worth $909.6M. The top 10 holdings make up 71.3% of the portfolio, and the largest is iShares S&P 500 Value ETF at 19.0%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2022.

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
14
Est. +$503.3M
Added
5
Est. +$84.7M
Reduced
8
Est. −$88.0M
Sold out
8
Est. −$477.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares S&P 500 Value ETF464287408
    19.0%$172.7M
  2. American Centy ETF Tr025072158
    7.3%$66.5M
  3. iShares Tr464288885
    7.2%$65.9M
  4. iShares Tr464288877
    7.2%$65.3M
  5. State Street SPDR S&P 600 Small Cap Value ETF78464A300
    6.8%$61.7M

Share of portfolio

Top 5 holdings and the other 22 positions, by share of portfolio value

  1. iShares S&P 500 Value ETF19.0%
  2. American Centy ETF Tr7.3%
  3. iShares Tr7.2%
  4. iShares Tr7.2%
  5. State Street SPDR S&P 600 Small Cap Value ETF6.8%
  6. Other 22 positions52.5%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares S&P 500 Value ETF464287408
    +$172.7MNew
  2. State Street SPDR S&P 600 Small Cap Value ETF78464A300
    +$61.7MNew
  3. State Street SPDR S&P 400 Mid Cap Value ETF78464A839
    +$56.7MNew
  4. iShares Tr464288885
    +$51.5MAdded
  5. iShares S&P Mid-Cap 400 Growth ETF464287606
    +$47.1MNew

Largest weight increases

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

  1. iShares S&P 500 Value ETF464287408
    +18.98 pp0.0% → 19.0%
  2. State Street SPDR S&P 600 Small Cap Value ETF78464A300
    +6.79 pp0.0% → 6.8%
  3. State Street SPDR S&P 400 Mid Cap Value ETF78464A839
    +6.24 pp0.0% → 6.2%
  4. iShares Tr464288885
    +5.76 pp1.5% → 7.2%
  5. iShares S&P Mid-Cap 400 Growth ETF464287606
    +5.17 pp0.0% → 5.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Russell 1000 Value ETF464287598
    −$171.7MSold out
  2. iShares Russell Mid-Cap Value ETF464287473
    −$88.4MSold out
  3. iShares Tr464287630
    −$81.3MSold out
  4. iShares Russell 2000 Growth ETF464287648
    −$63.5MSold out
  5. iShares Core MSCI Emerging Markets ETF46434G103
    −$35.8MReduced

Largest weight decreases

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

  1. iShares Russell 1000 Value ETF464287598
    −19.72 pp19.7% → 0.0%
  2. iShares Russell Mid-Cap Value ETF464287473
    −10.16 pp10.2% → 0.0%
  3. iShares Tr464287630
    −9.34 pp9.3% → 0.0%
  4. iShares Russell 2000 Growth ETF464287648
    −7.29 pp7.3% → 0.0%
  5. iShares Russell Mid-Cap Growth ETF464287481
    −6.13 pp8.9% → 2.8%

Metrics

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

Portfolio value
$909.6M
+$39.1M (+4.5%) vs. prior quarter
Positions
27
+6 vs. prior quarter
Top 10 concentration
71.3%
Top 10 as share of value
Turnover
63.5%
Q2 2026, one quarter
Average holding period
4.3 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 (Q4 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.02B (Q1 2024)

Q4 2022: $280.3MQ1 2023: $282.5MQ2 2023: $983.8MQ3 2023: $944.7MQ4 2023: $999.3MQ1 2024: $1.02BQ2 2024: $1.00BQ3 2024: $1.01BQ4 2024: $964.5MQ1 2025: $891.4MQ2 2025: $933.0MQ3 2025: $974.8MQ4 2025: $970.9MQ1 2026: $870.5MQ2 2026: $909.6M
Q4 2022Q2 2026
13F filings of Pacific Life Fund Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 202627$909.6MiShares S&P 500 Value ETFAmerican Centy ETF TriShares Trvs. Q1 2026SEC
Q1 2026May 1, 202621$870.5MiShares Russell 1000 Value ETFiShares Russell Mid-Cap Value ETFiShares Trvs. Q4 2025SEC
Q4 2025Jan 26, 202620$970.9MiShares Russell 1000 Value ETFiShares Russell Mid-Cap Value ETFiShares Russell Mid-Cap Growth ETFvs. Q3 2025SEC
Q3 2025Oct 27, 202520$974.8MiShares Russell 1000 Value ETFiShares Russell Mid-Cap Growth ETFiShares Trvs. Q2 2025SEC
Q2 2025Aug 8, 202520$933.0MiShares Russell 1000 Value ETFiShares Russell Mid-Cap Growth ETFiShares Trvs. Q1 2025SEC
Q1 2025Apr 29, 202520$891.4MiShares Russell 1000 Value ETFiShares Russell Mid-Cap Growth ETFiShares Trvs. Q4 2024SEC
Q4 2024Jan 31, 202522$964.5MVanguard Morningstar Value ETFAmerican Centy ETF TrVanguard Morningstar Mid-Cap Growth ETFvs. Q3 2024SEC
Q3 2024Oct 28, 202421$1.01BVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFAmerican Centy ETF Trvs. Q2 2024SEC
Q2 2024Aug 2, 202422$1.00BVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFVanguard Morningstar Mid-Cap Growth ETFvs. Q1 2024SEC
Q1 2024Apr 22, 202419$1.02BVanguard Morningstar Value ETFAmerican Centy ETF TrVanguard Morningstar Mid-Cap Value ETFvs. Q4 2023SEC
Q4 2023Feb 12, 202420$999.3MVanguard Morningstar Value ETFAmerican Centy ETF TrVanguard Morningstar Mid-Cap Value ETFvs. Q3 2023SEC
Q3 2023Nov 9, 202320$944.7MVanguard Morningstar Value ETFAmerican Centy ETF TrVanguard Total Bond Market ETFvs. Q2 2023SEC
Q2 2023Aug 14, 202319$983.8MVanguard Morningstar Value ETFAmerican Centy ETF TrVanguard Morningstar Mid-Cap Value ETFvs. Q1 2023SEC
Q1 2023Apr 28, 20238$282.5MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Trvs. Q4 2022SEC
Q4 2022Feb 9, 20238$280.3MAmerican Centy ETF TrAmerican Centy ETF TrAmerican Centy ETF Tr–SEC