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Livermore
Livermore
ZHEN

MCF Advisors LLC

SEC CIK
0001602905
Latest filing
Aug 12, 2026

The latest 13F from MCF Advisors LLC covers Q2 2026 (filed Aug 12, 2026): 1,403 long positions worth $2.80B. The top 10 holdings make up 44.6% of the portfolio, and the largest is Vanguard S&P 500 ETF at 10.9%. 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
156
Est. +$66.5M
Added
412
Est. +$331.4M
Reduced
264
Est. −$75.5M
Sold out
91
Est. −$14.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    10.9%$305.2M
  2. iShares Tr46435G326
    7.1%$198.3M
  3. SPYSPDR S&P 500 ETF Trust
    3.9%$109.0MHistory
  4. Schwab Strategic Tr808524862
    3.8%$107.0M
  5. State Street SPDR Portfolio Short Term Corporate Bond ETF78464A474
    3.8%$105.2M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46435G326
    +$53.7MAdded
  2. Schwab Strategic Tr808524862
    +$40.5MAdded
  3. Invesco Nasdaq 100 ETF46138G649
    +$32.4MAdded
  4. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    +$27.1MAdded
  5. Capital Group GBL Growth EQT14020X104
    +$24.5MNew

Largest weight increases

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

  1. Invesco Nasdaq 100 ETF46138G649
    +1.16 pp<0.1% → 1.2%
  2. iShares Tr46435G326
    +1.14 pp6.0% → 7.1%
  3. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    +0.96 pp<0.1% → 1.0%
  4. Schwab Strategic Tr808524862
    +0.89 pp2.9% → 3.8%
  5. Capital Group GBL Growth EQT14020X104
    +0.87 pp0.0% → 0.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Abrdn ETFs003261104
    −$22.0MReduced
  2. Vanguard S&P 500 ETF922908363
    −$20.6MReduced
  3. iShares Ibonds Dec 2029 Term Corporate ETF46436E205
    −$9.87MSold out
  4. VanEck Morningstar Wide Moat ETF92189F643
    −$3.49MReduced
  5. iShares Core S&P Mid-Cap ETF464287507
    −$3.21MReduced

Largest weight decreases

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

  1. Vanguard S&P 500 ETF922908363
    −1.52 pp12.4% → 10.9%
  2. Abrdn ETFs003261104
    −1.09 pp1.2% → 0.1%
  3. Schwab US Dividend Equity ETF808524797
    −0.46 pp2.5% → 2.0%
  4. iShares Ibonds Dec 2029 Term Corporate ETF46436E205
    −0.43 pp0.4% → 0.0%
  5. iShares Core S&P Mid-Cap ETF464287507
    −0.34 pp3.2% → 2.9%

Metrics

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

Portfolio value
$2.80B
+$516.7M (+22.6%) vs. prior quarter
Positions
1,403
+65 vs. prior quarter
Top 10 concentration
44.6%
Top 10 as share of value
Turnover
3.5%
Q2 2026, one quarter
Average holding period
15.0 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 $2.80B (Q2 2026)

Q1 2021: $887.1MQ2 2021: $967.4MQ3 2021: $987.8MQ4 2021: $4.68MQ1 2022: $1.07BQ2 2022: $947.7MQ3 2022: $899.0MQ4 2022: $979.4MQ1 2023: $1.07BQ2 2023: $1.11BQ3 2023: $1.11BQ4 2023: $1.22BQ1 2024: $1.29BQ2 2024: $1.32BQ3 2024: $1.43BQ4 2024: $1.42BQ1 2025: $1.39BQ2 2025: $1.51BQ3 2025: $1.63BQ4 2025: $1.81BQ1 2026: $2.28BQ2 2026: $2.80B
Q1 2021Q2 2026
13F filings of MCF Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 20261,403$2.80BVanguard S&P 500 ETFiShares TrSPYvs. Q1 2026SEC
Q1 2026May 11, 20261,338$2.28BVanguard S&P 500 ETFiShares TrSPYvs. Q4 2025SEC
Q4 2025Feb 11, 20261,133$1.81BVanguard S&P 500 ETFiShares TriShares U.S. Treasury Bond ETFvs. Q3 2025SEC
Q3 2025Nov 5, 2025966$1.63BVanguard S&P 500 ETFiShares TriShares U.S. Treasury Bond ETFvs. Q2 2025SEC
Q2 2025Jul 15, 2025898$1.51BVanguard S&P 500 ETFiShares TriShares U.S. Treasury Bond ETFvs. Q1 2025SEC
Q1 2025May 6, 2025911$1.39BVanguard S&P 500 ETFiShares U.S. Treasury Bond ETFiShares Trvs. Q4 2024SEC
Q4 2024Jan 17, 2025992$1.42BVanguard S&P 500 ETFiShares U.S. Treasury Bond ETFiShares Trvs. Q3 2024SEC
Q3 2024Oct 24, 20241,004$1.43BVanguard S&P 500 ETFiShares TriShares U.S. Treasury Bond ETFvs. Q2 2024SEC
Q2 2024Aug 5, 20241,024$1.32BVanguard S&P 500 ETFiShares U.S. Treasury Bond ETFiShares Trvs. Q1 2024SEC
Q1 2024Apr 16, 2024992$1.29BVanguard S&P 500 ETFiShares U.S. Treasury Bond ETFiShares Trvs. Q4 2023SEC
Q4 2023Feb 1, 2024911$1.22BVanguard S&P 500 ETFiShares U.S. Treasury Bond ETFiShares Trvs. Q3 2023SEC
Q3 2023Oct 19, 2023919$1.11BVanguard S&P 500 ETFiShares TrSPYvs. Q2 2023SEC
Q2 2023Jul 24, 2023866$1.11BVanguard S&P 500 ETFSPYiShares Trvs. Q1 2023SEC
Q1 2023Apr 18, 2023847$1.07BVanguard S&P 500 ETFiShares TrSPYvs. Q4 2022SEC
Q4 2022Jan 31, 2023819$979.4MVanguard S&P 500 ETFSPYiShares Trvs. Q3 2022SEC
Q3 2022Nov 9, 2022838$899.0MVanguard S&P 500 ETFSPYiShares Trvs. Q2 2022SEC
Q2 2022Aug 11, 2022801$947.7MVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETFSPYvs. Q1 2022SEC
Q1 2022May 5, 2022796$1.07BVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETFSPYvs. Q4 2021SEC
Q4 2021Feb 14, 202241$4.68MTEAMXPEVZTSvs. Q3 2021SEC
Q3 2021Nov 12, 2021782$987.8MVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETFSPYvs. Q2 2021SEC
Q2 2021Aug 10, 2021603$967.4MVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETFSPYvs. Q1 2021SEC
Q1 2021May 13, 2021564$887.1MVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETFSPY–SEC