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Livermore
Livermore
ZHEN

Trust Investment Advisors

SEC CIK
0001597690
Latest filing
Jul 24, 2026

The latest 13F from Trust Investment Advisors covers Q2 2026 (filed Jul 24, 2026): 97 long positions worth $209.4M. The top 10 holdings make up 46.5% of the portfolio, and the largest is Eli Lilly & Co (LLY) at 10.8%. Livermore has 24 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
13
Est. +$5.59M
Added
31
Est. +$2.44M
Reduced
43
Est. −$4.82M
Sold out
5
Est. −$2.75M

Top 5 holdings

Share of this quarter's portfolio value

  1. LLYEli Lilly & Co
    10.8%$22.6MHistory
  2. AAPLApple Inc.
    9.0%$18.8MHistory
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    4.0%$8.36MHistory
  4. AMDAdvanced Micro Devices Inc
    3.8%$7.99MHistory
  5. CLSCelestica Inc
    3.6%$7.61MHistory

Share of portfolio

Top 5 holdings and the other 92 positions, by share of portfolio value

  1. LLY10.8%
  2. AAPL9.0%
  3. TSM4.0%
  4. AMD3.8%
  5. CLS3.6%
  6. Other 92 positions68.8%

Biggest buys

New and added positions, by estimated amount bought

  1. METMetlife Inc
    +$1.89MNewHistory
  2. UPSUnited Parcel Service Inc
    +$1.80MAddedHistory
  3. HONHoneywell International Inc
    +$547.1KNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$520.9KNewHistory
  5. MRVLMarvell Technology, Inc.
    +$421.5KNewHistory

Largest weight increases

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

  1. BEBloom Energy Corp
    +1.14 pp1.3% → 2.5%History
  2. METMetlife Inc
    +0.90 pp0.0% → 0.9%History
  3. UPSUnited Parcel Service Inc
    +0.84 pp0.1% → 1.0%History
  4. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.58 pp3.4% → 4.0%History
  5. CSCOCisco Systems, Inc.
    +0.30 pp1.2% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DELLDell Technologies Inc.
    −$2.62MReducedHistory
  2. HONHoneywell International Inc
    −$1.12MSold outHistory
  3. BXBlackstone Inc.
    −$836.4KSold outHistory
  4. LLYEli Lilly & Co
    −$555.3KReducedHistory
  5. GDGeneral Dynamics Corp
    −$302.8KSold outHistory

Largest weight decreases

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

  1. AAPLApple Inc.
    −0.76 pp9.8% → 9.0%History
  2. HONHoneywell International Inc
    −0.65 pp0.7% → 0.0%History
  3. BXBlackstone Inc.
    −0.49 pp0.5% → 0.0%History
  4. XOMExxonMobil Holdings Corp
    −0.46 pp1.4% → 0.9%History
  5. CHWYChewy, Inc.
    −0.38 pp0.9% → 0.5%History

Metrics

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

Portfolio value
$209.4M
+$38.5M (+22.5%) vs. prior quarter
Positions
97
+8 vs. prior quarter
Top 10 concentration
46.5%
Top 10 as share of value
Turnover
4.0%
Q2 2026, one quarter
Average holding period
18.0 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 $209.4M (Q2 2026)

Q1 2021: $102.0MQ2 2021: $113.0MQ3 2021: $111.8MQ4 2021: $126.9MQ1 2022: $122.8MQ2 2022: $104.1MQ3 2022: $95.8MQ4 2022: $106.0MQ1 2023: $111.6MQ2 2023: $123.9MQ3 2023: $116.3MQ4 2023: $128.3MQ1 2024: $138.6MQ2 2024: $157.3MQ3 2024: $157.0MQ4 2024: $156.7MQ1 2025: $155.3MQ2 2025: $164.7MQ3 2025: $177.8MQ4 2025: $187.9MQ1 2026: $170.9MQ2 2026: $209.4M
Q1 2021Q2 2026
13F filings of Trust Investment Advisors by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 202697$209.4MLLYAAPLTSMvs. Q1 2026SEC
Q1 2026Apr 24, 202689$170.9MLLYAAPLMSFTvs. Q4 2025SEC
Q4 2025Jan 20, 202691$187.9MLLYAAPLMSFTvs. Q3 2025SEC
Q3 2025Nov 24, 2025105$177.8MAAPLLLYMSFTvs. Q2 2025SEC
Q2 2025Aug 1, 2025123$164.7MLLYAAPLMSFTvs. Q1 2025SEC
Q1 2025May 2, 2025118$155.3MLLYAAPLMSFTvs. Q4 2024SEC
Q4 2024Feb 12, 2025107$156.7MAAPLLLYMSFTvs. Q3 2024SEC
Q3 2024Nov 12, 2024119$157.0MLLYAAPLMSFTvs. Q2 2024SEC
Q2 2024Aug 12, 2024114$157.3MLLYAAPLMSFTvs. Q1 2024SEC
Q1 2024May 9, 202493$138.6MLLYMSFTAAPLvs. Q4 2023SEC
Q4 2023Jan 31, 202498$128.3MAAPLLLYMSFTvs. Q3 2023SEC
Q3 2023Nov 14, 202396$116.3MLLYAAPLMSFTvs. Q2 2023SEC
Q2 2023Aug 10, 202394$123.9MAAPLLLYMSFTvs. Q1 2023SEC
Q1 2023May 12, 202396$111.6MAAPLMSFTLLYvs. Q4 2022SEC
Q4 2022Feb 28, 2023Amended99$106.0MAAPLLLYMSFTvs. Q3 2022SEC
Q3 2022Nov 3, 202288$95.8MAAPLLLYMSFTvs. Q2 2022SEC
Q2 2022Jul 22, 202292$104.1MAAPLLLYMSFTvs. Q1 2022SEC
Q1 2022May 2, 202289$122.8MAAPLMSFTLLYvs. Q4 2021SEC
Q4 2021Feb 2, 2022Amended87$126.9MAAPLMSFTLLYvs. Q3 2021SEC
Q3 2021Nov 12, 202182$111.8MAAPLMSFTLLYvs. Q2 2021SEC
Q2 2021Jul 23, 202181$113.0MAAPLMSFTLLYvs. Q1 2021SEC
Q1 2021May 6, 202177$102.0MAAPLMSFTLLY–SEC