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Livermore
Livermore
ZHEN

Richard Bernstein Advisors LLC

SEC CIK
0001528214
Latest filing
Apr 22, 2026

The latest 13F from Richard Bernstein Advisors LLC covers Q1 2026 (filed Apr 22, 2026): 227 long positions worth $3.45B. The top 10 holdings make up 77.7% of the portfolio, and the largest is iShares Tr at 15.0%. Livermore has 21 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2026

Share counts compared with Q4 2025: 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
81
Est. +$1.32B
Added
14
Est. +$874.6M
Reduced
48
Est. −$2.11B
Sold out
28
Est. −$46.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Tr46435G326
    15.0%$516.3M
  2. iShares MSCI USA Quality Factor ETF46432F339
    10.3%$354.1M
  3. iShares Tr464287440
    10.2%$350.6M
  4. BlackRock ETF Trust II092528504
    9.3%$320.7M
  5. iShares Inc46434G764
    7.8%$267.5M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46435G326
    +$516.3MNew
  2. iShares Tr464287440
    +$350.6MNew
  3. iShares MSCI USA Quality Factor ETF46432F339
    +$341.6MAdded
  4. BlackRock ETF Trust II092528504
    +$320.7MNew
  5. iShares Tr464288588
    +$156.5MAdded

Largest weight increases

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

  1. iShares Tr46435G326
    +14.98 pp0.0% → 15.0%
  2. iShares Tr464287440
    +10.17 pp0.0% → 10.2%
  3. iShares MSCI USA Quality Factor ETF46432F339
    +9.89 pp0.4% → 10.3%
  4. BlackRock ETF Trust II092528504
    +9.30 pp0.0% → 9.3%
  5. iShares Tr464288588
    +4.54 pp<0.1% → 4.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46434V456
    −$588.1MReduced
  2. Janus Detroit STR Tr47103U852
    −$399.3MReduced
  3. SPDR Series Trust78464A672
    −$227.6MReduced
  4. SPDR Series Trust78468R101
    −$207.4MReduced
  5. Fidelity MSCI Information Technology Index ETF316092808
    −$154.0MReduced

Largest weight decreases

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

  1. iShares Tr46434V456
    −16.99 pp17.0% → <0.1%
  2. Janus Detroit STR Tr47103U852
    −11.86 pp11.9% → 0.1%
  3. SPDR Series Trust78464A672
    −6.73 pp6.7% → <0.1%
  4. SPDR Series Trust78468R101
    −6.11 pp6.1% → <0.1%
  5. Fidelity MSCI Information Technology Index ETF316092808
    −5.22 pp8.8% → 3.6%

Metrics

13F metrics for Q1 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.45B
+$44.0M (+1.3%) vs. prior quarter
Positions
227
+53 vs. prior quarter
Top 10 concentration
77.7%
Top 10 as share of value
Turnover
62.9%
Q1 2026, one quarter
Average holding period
10.0 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

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $5.18B (Q4 2021)

Q1 2021: $4.38BQ2 2021: $4.83BQ3 2021: $4.96BQ4 2021: $5.18BQ1 2022: $5.06BQ2 2022: $4.61BQ3 2022: $4.00BQ4 2022: $4.48BQ1 2023: $4.72BQ2 2023: $4.73BQ3 2023: $4.48BQ4 2023: $4.51BQ1 2024: $4.66BQ2 2024: $4.51BQ3 2024: $4.66BQ4 2024: $4.41BQ1 2025: $4.13BQ2 2025: $4.05BQ3 2025: $3.51BQ4 2025: $3.40BQ1 2026: $3.45B
Q1 2021Q1 2026
13F filings of Richard Bernstein Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2026Apr 22, 2026227$3.45BiShares TriShares MSCI USA Quality Factor ETFiShares Trvs. Q4 2025SEC
Q4 2025Feb 3, 2026174$3.40BiShares TrJanus Detroit STR TrVanguard Morningstar Value ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025204$3.51BiShares TrJanus Detroit STR TrVanguard Morningstar Value ETFvs. Q2 2025SEC
Q2 2025Aug 6, 2025212$4.05BJanus Detroit STR TriShares TrVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025Apr 29, 2025223$4.13BJanus Detroit STR TrSPDR Series TrustVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Feb 4, 2025219$4.41BJanus Detroit STR TriShares IncSPDR Series Trustvs. Q3 2024SEC
Q3 2024Nov 8, 2024225$4.66BJanus Detroit STR TriShares IncSPDR Series Trustvs. Q2 2024SEC
Q2 2024Jul 30, 2024209$4.51BJanus Detroit STR TriShares TriShares Incvs. Q1 2024SEC
Q1 2024May 9, 2024213$4.66BJanus Detroit STR TriShares TriShares Incvs. Q4 2023SEC
Q4 2023Feb 14, 2024227$4.51BJanus Detroit STR TriShares TrWisdomTree Trvs. Q3 2023SEC
Q3 2023Nov 14, 2023202$4.48BiShares TriShares TrWisdomTree Trvs. Q2 2023SEC
Q2 2023Aug 11, 2023175$4.73BiShares TrWisdomTree TriShares Trvs. Q1 2023SEC
Q1 2023May 12, 2023203$4.72BiShares TrWisdomTree TriShares Trvs. Q4 2022SEC
Q4 2022Feb 14, 2023204$4.48BiShares TrWisdomTree TriShares Trvs. Q3 2022SEC
Q3 2022Nov 14, 2022210$4.00BiShares TriShares TriShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q2 2022SEC
Q2 2022Aug 2, 2022236$4.61BWisdomTree TriShares MSCI USA Quality Factor ETFiShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q1 2022SEC
Q1 2022May 12, 2022260$5.06BiShares MSCI USA Quality Factor ETFWisdomTree TriShares Trvs. Q4 2021SEC
Q4 2021Feb 11, 2022263$5.18BiShares MSCI USA Quality Factor ETFWisdomTree TriShares Trvs. Q3 2021SEC
Q3 2021Nov 9, 2021291$4.96BiShares MSCI USA Quality Factor ETFiShares TriShares Trvs. Q2 2021SEC
Q2 2021Aug 5, 2021316$4.83BiShares MSCI USA Quality Factor ETFiShares TrProShares Trvs. Q1 2021SEC
Q1 2021May 14, 2021298$4.38BiShares MSCI USA Quality Factor ETFFirst Tr Exchange-Traded FDiShares Tr–SEC