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Livermore
Livermore
ZHEN

Regal Investment Advisors LLC

SEC CIK
0001559789
Latest filing
Aug 14, 2026

The latest 13F from Regal Investment Advisors LLC covers Q2 2026 (filed Aug 14, 2026): 647 long positions worth $1.92B. The top 10 holdings make up 21.3% of the portfolio, and the largest is iShares Core S&P 500 ETF at 6.6%. 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
46
Est. +$39.9M
Added
295
Est. +$92.0M
Reduced
272
Est. −$84.5M
Sold out
52
Est. −$20.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    6.6%$126.4M
  2. Invesco QQQ Trust Series I46090E103
    2.2%$42.0M
  3. AAPLApple Inc.
    1.9%$36.4MHistory
  4. SPYSPDR S&P 500 ETF Trust
    1.9%$35.8MHistory
  5. iShares Tr46434V613
    1.7%$32.3M

Share of portfolio

Top 5 holdings and the other 642 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF6.6%
  2. Invesco QQQ Trust Series I2.2%
  3. AAPL1.9%
  4. SPY1.9%
  5. iShares Tr1.7%
  6. Other 642 positions85.8%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$25.1MAdded
  2. iShares Tr46434V613
    +$9.52MAdded
  3. BlackRock ETF Trust09290C764
    +$7.27MNew
  4. BlackRock ETF Trust09290C665
    +$5.39MNew
  5. BlackRock ETF Trust II092528835
    +$4.32MNew

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +1.47 pp5.1% → 6.6%
  2. BlackRock ETF Trust09290C764
    +0.38 pp0.0% → 0.4%
  3. iShares Tr46434V613
    +0.36 pp1.3% → 1.7%
  4. Invesco QQQ Trust Series I46090E103
    +0.35 pp1.8% → 2.2%
  5. BlackRock ETF Trust09290C665
    +0.28 pp0.0% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464288877
    −$7.97MReduced
  2. iShares MSCI USA Quality Factor ETF46432F339
    −$7.35MReduced
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$5.64MReduced
  4. iShares Tr46435G672
    −$4.90MSold out
  5. VIXMProShares Trust II
    −$4.56MReducedHistory

Largest weight decreases

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

  1. iShares Tr464288877
    −0.48 pp0.9% → 0.4%
  2. iShares MSCI USA Quality Factor ETF46432F339
    −0.37 pp0.6% → 0.2%
  3. VIXMProShares Trust II
    −0.32 pp0.3% → <0.1%History
  4. iShares Tr46435G672
    −0.28 pp0.3% → 0.0%
  5. CVXChevron Corp
    −0.24 pp0.8% → 0.5%History

Metrics

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

Portfolio value
$1.92B
+$192.8M (+11.1%) vs. prior quarter
Positions
647
−6 vs. prior quarter
Top 10 concentration
21.3%
Top 10 as share of value
Turnover
5.8%
Q2 2026, one quarter
Average holding period
16.9 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 $1.92B (Q2 2026)

Q1 2021: $98.7MQ2 2021: $996.8MQ3 2021: $1.03BQ4 2021: $1.13BQ1 2022: $1.09BQ2 2022: $960.5MQ3 2022: $935.5MQ4 2022: $1.03BQ1 2023: $1.13BQ2 2023: $1.19BQ3 2023: $1.16BQ4 2023: $1.32BQ1 2024: $1.46BQ2 2024: $1.51BQ3 2024: $1.43BQ4 2024: $1.33BQ1 2025: $1.24BQ2 2025: $1.33BQ3 2025: $1.54BQ4 2025: $1.67BQ1 2026: $1.73BQ2 2026: $1.92B
Q1 2021Q2 2026
13F filings of Regal Investment Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026647$1.92BiShares Core S&P 500 ETFInvesco QQQ Trust Series IAAPLvs. Q1 2026SEC
Q1 2026May 14, 2026653$1.73BiShares Core S&P 500 ETFAAPLInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Feb 17, 2026584$1.67BiShares Core S&P 500 ETFAAPLInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Nov 13, 2025516$1.54BiShares Core S&P 500 ETFInvesco QQQ Trust Series IAAPLvs. Q2 2025SEC
Q2 2025Aug 11, 2025481$1.33BiShares Core S&P 500 ETFInvesco QQQ Trust Series ISPYvs. Q1 2025SEC
Q1 2025May 12, 2025460$1.24BiShares Core S&P 500 ETFInvesco QQQ Trust Series IAAPLvs. Q4 2024SEC
Q4 2024Feb 13, 2025465$1.33BiShares Core S&P 500 ETFInvesco QQQ Trust Series IAAPLvs. Q3 2024SEC
Q3 2024Nov 12, 2024499$1.43BiShares Core S&P 500 ETFAAPLInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Aug 15, 2024569$1.51BiShares Core S&P 500 ETFMSFTInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 15, 2024581$1.46BiShares Core S&P 500 ETFMSFTInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 14, 2024544$1.32BiShares Core S&P 500 ETFAAPLInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Nov 13, 2023498$1.16BiShares Core S&P 500 ETFAAPLiShares Trvs. Q2 2023SEC
Q2 2023Aug 11, 2023511$1.19BiShares Core S&P 500 ETFAAPLInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023May 11, 2023515$1.13BiShares Core S&P 500 ETFAAPLiShares Trvs. Q4 2022SEC
Q4 2022Mar 1, 2023490$1.03BiShares Core S&P 500 ETFiShares TrAAPLvs. Q3 2022SEC
Q3 2022Nov 15, 2022477$935.5MiShares Core S&P 500 ETFAAPLiShares Trvs. Q2 2022SEC
Q2 2022Aug 9, 2022496$960.5MiShares Core S&P 500 ETFFirst Tr Exchange-Traded FDAAPLvs. Q1 2022SEC
Q1 2022May 9, 2022524$1.09BiShares Core S&P 500 ETFAAPLFirst Tr Exchange-Traded FDvs. Q4 2021SEC
Q4 2021Feb 10, 2022533$1.13BiShares Core S&P 500 ETFFirst Tr Exchange-Traded FDAAPLvs. Q3 2021SEC
Q3 2021Nov 5, 2021522$1.03BiShares Core S&P 500 ETFFirst Tr Exchange-Traded FDAAPLvs. Q2 2021SEC
Q2 2021Aug 9, 2021525$996.8MiShares Core S&P 500 ETFFirst Tr Exchange-Traded FDiShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q1 2021SEC
Q1 2021May 12, 202128$98.7MiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Ftse Developed Markets ETFSchwab US Dividend Equity ETF–SEC