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Livermore
Livermore
ZHEN

LBMC Investment Advisors, LLC

SEC CIK
0001536924
Latest filing
Aug 10, 2026

The latest 13F from LBMC Investment Advisors, LLC covers Q2 2026 (filed Aug 10, 2026): 245 long positions worth $1.85B. The top 10 holdings make up 61.7% of the portfolio, and the largest is iShares Core S&P 500 ETF at 16.9%. 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
33
Est. +$9.82M
Added
97
Est. +$49.1M
Reduced
49
Est. −$17.5M
Sold out
18
Est. −$6.71M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    16.9%$311.2M
  2. Invesco Exchange Traded FD T46137V357
    15.2%$280.6M
  3. iShares Russell 2000 ETF464287655
    11.4%$211.2M
  4. iShares Core High Dividend ETF46429B663
    3.4%$63.2M
  5. iShares Core MSCI Eafe ETF46432F842
    3.3%$60.1M

Share of portfolio

Top 5 holdings and the other 240 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF16.9%
  2. Invesco Exchange Traded FD T15.2%
  3. iShares Russell 2000 ETF11.4%
  4. iShares Core High Dividend ETF3.4%
  5. iShares Core MSCI Eafe ETF3.3%
  6. Other 240 positions49.8%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Ibonds 2030 Term High Yield and Income ETF46436E122
    +$6.78MAdded
  2. iShares Ibonds 2029 Term High Yield and Income ETF46436E379
    +$5.65MAdded
  3. iShares Ibonds 2031 Term High Yield and Income ETF46438G661
    +$4.64MAdded
  4. iShares Ibonds 2028 Term High Yield and Income ETF46436E387
    +$4.62MAdded
  5. iShares Ibonds 2027 Term High Yield and Income ETF46436E478
    +$3.44MAdded

Largest weight increases

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

  1. iShares Ibonds 2030 Term High Yield and Income ETF46436E122
    +0.21 pp1.5% → 1.7%
  2. iShares Ibonds 2031 Term High Yield and Income ETF46438G661
    +0.18 pp0.8% → 0.9%
  3. iShares Core S&P Small Cap ETF464287804
    +0.17 pp1.4% → 1.5%
  4. CSCOCisco Systems, Inc.
    +0.13 pp0.1% → 0.2%History
  5. iShares Ibonds 2029 Term High Yield and Income ETF46436E379
    +0.08 pp2.1% → 2.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$3.57MReduced
  2. AMDAdvanced Micro Devices Inc
    −$2.94MReducedHistory
  3. LLYEli Lilly & Co
    −$2.14MReducedHistory
  4. MUMicron Technology Inc
    −$1.43MReducedHistory
  5. Invesco Exchange Traded FD T46137V357
    −$926.8KReduced

Largest weight decreases

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

  1. Invesco Exchange Traded FD T46137V357
    −0.28 pp15.5% → 15.2%
  2. iShares MSCI Eafe ETF464287465
    −0.15 pp2.9% → 2.7%
  3. iShares Ibonds Dec 2026 Term Muni Bond ETF46435U259
    −0.10 pp0.8% → 0.7%
  4. LLYEli Lilly & Co
    −0.08 pp0.2% → 0.1%History
  5. SOSouthern Co
    −0.06 pp0.2% → 0.1%History

Metrics

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

Portfolio value
$1.85B
+$205.5M (+12.5%) vs. prior quarter
Positions
245
+15 vs. prior quarter
Top 10 concentration
61.7%
Top 10 as share of value
Turnover
1.4%
Q2 2026, one quarter
Average holding period
19.0 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

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

Peak $1.85B (Q2 2026)

Q1 2021: $949.0MQ2 2021: $1.05BQ3 2021: $1.07BQ4 2021: $1.16BQ1 2022: $1.13BQ2 2022: $921.2MQ3 2022: $868.7MQ4 2022: $947.7MQ1 2023: $989.5MQ2 2023: $1.02BQ3 2023: $939.9MQ4 2023: $1.05BQ1 2024: $1.15BQ2 2024: $1.15BQ3 2024: $1.27BQ4 2024: $1.27BQ1 2025: $1.28BQ2 2025: $1.40BQ3 2025: $1.57BQ4 2025: $1.63BQ1 2026: $1.64BQ2 2026: $1.85B
Q1 2021Q2 2026
13F filings of LBMC Investment Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026245$1.85BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q1 2026SEC
Q1 2026May 14, 2026230$1.64BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q4 2025SEC
Q4 2025Feb 12, 2026224$1.63BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q3 2025SEC
Q3 2025Oct 7, 2025236$1.57BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q2 2025SEC
Q2 2025Jul 9, 2025214$1.40BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q1 2025SEC
Q1 2025Apr 9, 2025201$1.28BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q4 2024SEC
Q4 2024Jan 16, 2025198$1.27BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q3 2024SEC
Q3 2024Oct 8, 2024195$1.27BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q2 2024SEC
Q2 2024Jul 11, 2024187$1.15BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q1 2024SEC
Q1 2024Apr 12, 2024186$1.15BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q4 2023SEC
Q4 2023Jan 16, 2024164$1.05BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q3 2023SEC
Q3 2023Oct 5, 2023160$939.9MiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q2 2023SEC
Q2 2023Jul 17, 2023164$1.02BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q1 2023SEC
Q1 2023Apr 10, 2023164$989.5MInvesco Exchange Traded FD TiShares Core S&P 500 ETFiShares Russell 2000 ETFvs. Q4 2022SEC
Q4 2022Jan 10, 2023158$947.7MInvesco Exchange Traded FD TiShares Core S&P 500 ETFiShares Russell 2000 ETFvs. Q3 2022SEC
Q3 2022Oct 7, 2022152$868.7MInvesco Exchange Traded FD TiShares Core S&P 500 ETFiShares Russell 2000 ETFvs. Q2 2022SEC
Q2 2022Jul 7, 2022149$921.2MInvesco Exchange Traded FD TiShares Core S&P 500 ETFiShares Russell 2000 ETFvs. Q1 2022SEC
Q1 2022Apr 11, 2022159$1.13BInvesco Exchange Traded FD TiShares Core S&P 500 ETFiShares Russell 2000 ETFvs. Q4 2021SEC
Q4 2021Mar 17, 2022167$1.16BiShares Core S&P 500 ETFInvesco Exchange Traded FD TiShares Russell 2000 ETFvs. Q3 2021SEC
Q3 2021Nov 15, 2021162$1.07BInvesco Exchange Traded FD TiShares Core S&P 500 ETFiShares Russell 2000 ETFvs. Q2 2021SEC
Q2 2021Aug 2, 2021165$1.05BInvesco Exchange Traded FD TiShares Core S&P 500 ETFiShares Russell 2000 ETFvs. Q1 2021SEC
Q1 2021Apr 20, 2021135$949.0MInvesco Exchange Traded FD TiShares Core S&P 500 ETFiShares Russell 2000 ETF–SEC