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Livermore
Livermore
ZHEN

Arete Wealth Advisors, LLC

SEC CIK
0001600151
Latest filing
Aug 12, 2026

The latest 13F from Arete Wealth Advisors, LLC covers Q2 2026 (filed Aug 12, 2026): 334 long positions worth $1.51B. The top 10 holdings make up 27.0% of the portfolio, and the largest is Apple Inc. (AAPL) at 3.5%. Livermore has 27 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
55
Est. +$101.8M
Added
158
Est. +$126.1M
Reduced
110
Est. −$69.5M
Sold out
42
Est. −$71.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    3.5%$53.6MHistory
  2. Invesco Exchange Traded FD T46137V357
    3.3%$50.3M
  3. iShares Flexible Income Active ETF092528603
    3.1%$46.9M
  4. DISWalt Disney Co
    2.9%$44.2MHistory
  5. NVDANVIDIA Corp
    2.7%$40.8MHistory

Share of portfolio

Top 5 holdings and the other 329 positions, by share of portfolio value

  1. AAPL3.5%
  2. Invesco Exchange Traded FD T3.3%
  3. iShares Flexible Income Active ETF3.1%
  4. DIS2.9%
  5. NVDA2.7%
  6. Other 329 positions84.4%

Biggest buys

New and added positions, by estimated amount bought

  1. RXTRackspace Technology, Inc.
    +$12.7MAddedHistory
  2. AMATApplied Materials Inc
    +$10.7MNewHistory
  3. AAPLApple Inc.
    +$9.77MAddedHistory
  4. Invesco Exchange Traded FD T46137V357
    +$7.17MAdded
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$6.45MAdded

Largest weight increases

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

  1. RXTRackspace Technology, Inc.
    +0.92 pp<0.1% → 0.9%History
  2. AMATApplied Materials Inc
    +0.71 pp0.0% → 0.7%History
  3. AAPLApple Inc.
    +0.66 pp2.9% → 3.5%History
  4. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.43 pp0.3% → 0.8%History
  5. Invesco Exchange Traded FD T46137V357
    +0.41 pp2.9% → 3.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$8.42MReducedHistory
  2. ProShares Tr74349Y753
    −$8.17MReduced
  3. GLDSPDR Gold Trust
    −$5.27MReducedHistory
  4. SPDR Series Trust78468R556
    −$4.97MSold out
  5. NEMNEWMONT Corp
    −$4.85MSold outHistory

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −0.76 pp1.7% → 0.9%History
  2. ProShares Tr74349Y753
    −0.73 pp0.8% → 0.1%
  3. SPYSPDR S&P 500 ETF Trust
    −0.54 pp1.4% → 0.9%History
  4. SPDR Series Trust78468R556
    −0.37 pp0.4% → 0.0%
  5. NEMNEWMONT Corp
    −0.36 pp0.4% → 0.0%History

Metrics

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

Portfolio value
$1.51B
+$178.4M (+13.4%) vs. prior quarter
Positions
334
+13 vs. prior quarter
Top 10 concentration
27.0%
Top 10 as share of value
Turnover
9.9%
Q2 2026, one quarter
Average holding period
12.6 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 $1.60B (Q3 2025)

Q1 2021: $780.9MQ2 2021: $711.2MQ3 2021: $905.0MQ4 2021: $1.17BQ1 2022: $1.19BQ2 2022: $915.9MQ3 2022: $1.02BQ4 2022: $1.13BQ1 2023: $1.22BQ2 2023: $1.12BQ3 2023: $577.7MQ4 2023: $1.31BQ1 2024: $1.08BQ2 2024: $1.22BQ3 2024: $1.17BQ4 2024: $1.39BQ1 2025: $1.31BQ2 2025: $1.40BQ3 2025: $1.60BQ4 2025: $1.44BQ1 2026: $1.33BQ2 2026: $1.51B
Q1 2021Q2 2026
13F filings of Arete Wealth Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 2026Amended334$1.51BAAPLInvesco Exchange Traded FD TiShares Flexible Income Active ETFvs. Q1 2026SEC
Q1 2026May 20, 2026Amended321$1.33BiShares Flexible Income Active ETFDISInvesco Exchange Traded FD Tvs. Q4 2025SEC
Q4 2025Aug 11, 2026Amended360$1.44BDISAAPLNVDAvs. Q3 2025SEC
Q3 2025Nov 12, 2025764$1.60BNVDAAAPLDISvs. Q2 2025SEC
Q2 2025Aug 14, 2025719$1.40BDISNVDAInvesco Exchange Traded FD Tvs. Q1 2025SEC
Q1 2025May 16, 2025714$1.31BAAPLDISNVDAvs. Q4 2024SEC
Q4 2024Feb 12, 2025743$1.39BAAPLVanguard S&P 500 ETFDISvs. Q3 2024SEC
Q3 2024Nov 18, 2024Amended704$1.17BVanguard S&P 500 ETFDISAAPLvs. Q2 2024SEC
Q2 2024Aug 14, 2024726$1.22BAAPLInvesco QQQ Trust Series IVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024May 16, 2024376$1.08BABBVDISInvesco Exchange Traded FD Tvs. Q4 2023SEC
Q4 2023Feb 14, 2024741$1.31BABBVInvesco Exchange Traded FD TAAPLvs. Q3 2023SEC
Q3 2023Oct 30, 2023506$577.7MFSKInvesco QQQ Trust Series IDISvs. Q2 2023SEC
Q2 2023Aug 9, 2023664$1.12BABBVAAPLABTvs. Q1 2023SEC
Q1 2023May 22, 2023Amended655$1.22BInvesco Exchange Traded FD TABBVVanguard Dividend Appreciation ETFvs. Q4 2022SEC
Q4 2022Feb 6, 2023633$1.13BInvesco Exchange Traded FD TABBVVanguard Dividend Appreciation ETFvs. Q3 2022SEC
Q3 2022Nov 7, 2022578$1.02BInvesco Exchange Traded FD TABBVVanguard Dividend Appreciation ETFvs. Q2 2022SEC
Q2 2022Aug 15, 2022452$915.9MInvesco Exchange Traded FD TVanguard Morningstar Growth ETFVanguard Morningstar Small-Cap Value ETFvs. Q1 2022SEC
Q1 2022May 6, 2022506$1.19BInvesco Exchange Traded FD TABBVVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 7, 2022502$1.17BInvesco Exchange Traded FD TVanguard S&P 500 ETFABBVvs. Q3 2021SEC
Q3 2021Nov 15, 2021411$905.0MInvesco Exchange Traded FD TVanguard S&P 500 ETFDISvs. Q2 2021SEC
Q2 2021Aug 9, 2021384$711.2MInvesco Exchange Traded FD TVanguard S&P 500 ETFVanguard Morningstar Small-Cap Value ETFvs. Q1 2021SEC
Q1 2021May 10, 2021416$780.9MInvesco Exchange Traded FD TVanguard S&P 500 ETFVanguard Morningstar Small-Cap Value ETF–SEC