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Livermore
Livermore
ZHEN

Capital Analysts, LLC

SEC CIK
0001624758
Latest filing
Aug 5, 2026

The latest 13F from Capital Analysts, LLC covers Q2 2026 (filed Aug 5, 2026): 1,536 long positions worth $4.34B. The top 10 holdings make up 29.7% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 8.1%. Livermore has 25 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
77
Est. +$37.9M
Added
540
Est. +$301.5M
Reduced
446
Est. −$108.9M
Sold out
78
Est. −$4.10M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    8.1%$351.8M
  2. iShares Core S&P 500 ETF464287200
    3.8%$164.5M
  3. Fidelity Merrimack STR Tr316188309
    3.7%$159.5M
  4. iShares Core MSCI Eafe ETF46432F842
    3.0%$129.8M
  5. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375
    2.0%$88.3M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$25.3MAdded
  2. Goldman Sachs ETF Tr38149W622
    +$16.8MAdded
  3. Fidelity Merrimack STR Tr316188309
    +$16.1MAdded
  4. BlackRock ETF Trust09290C665
    +$16.0MNew
  5. iShares Tr46434V613
    +$11.7MAdded

Largest weight increases

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

  1. iShares Core S&P 500 ETF464287200
    +0.60 pp3.2% → 3.8%
  2. Goldman Sachs ETF Tr38149W622
    +0.39 pp<0.1% → 0.4%
  3. BlackRock ETF Trust09290C665
    +0.37 pp0.0% → 0.4%
  4. Fidelity Covington Trust316092352
    +0.23 pp0.6% → 0.8%
  5. GOOGLAlphabet Inc.
    +0.20 pp0.6% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CCitigroup Inc
    −$7.82MReducedHistory
  2. iShares MSCI USA Quality Factor ETF46432F339
    −$6.50MReduced
  3. iShares Core U.S. Aggregate Bond ETF464287226
    −$6.24MReduced
  4. ZTSZoetis Inc.
    −$5.83MReducedHistory
  5. iShares Tr464288653
    −$5.69MReduced

Largest weight decreases

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

  1. ZTSZoetis Inc.
    −0.26 pp0.3% → <0.1%History
  2. IAUiShares Gold Trust
    −0.21 pp0.3% → 0.1%History
  3. iShares Tr464288653
    −0.17 pp0.3% → 0.2%
  4. iShares Core U.S. Aggregate Bond ETF464287226
    −0.17 pp0.2% → <0.1%
  5. WMTWalmart Inc.
    −0.16 pp0.8% → 0.6%History

Metrics

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

Portfolio value
$4.34B
+$534.4M (+14.0%) vs. prior quarter
Positions
1,536
−1 vs. prior quarter
Top 10 concentration
29.7%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
17.3 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 $4.34B (Q2 2026)

Q1 2021: $1.45BQ2 2021: $1.49BQ3 2021: $1.52BQ4 2021: $1.65BQ1 2022: $1.58BQ2 2022: $1.44BQ3 2022: $1.45BQ4 2022: $1.64BQ1 2023: $1.75BQ2 2023: $1.80BQ3 2023: $1.80BQ4 2023: $1.99BQ1 2024: $2.14BQ2 2024: $2.26BQ3 2024: $2.45BQ4 2024: $2.49BQ1 2025: $2.68BQ2 2025: $3.00BQ3 2025: $3.43BQ4 2025: $3.61BQ1 2026: $3.81BQ2 2026: $4.34B
Q1 2021Q2 2026
13F filings of Capital Analysts, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 20261,536$4.34BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFFidelity Merrimack STR Trvs. Q1 2026SEC
Q1 2026May 14, 20261,537$3.81BState Street SPDR Portfolio S&P 500 ETFFidelity Merrimack STR TriShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025May 15, 2026Amended1,468$3.61BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFFidelity Merrimack STR Trvs. Q3 2025SECSEC
Q3 2025Nov 14, 20251,427$3.43BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFFidelity Merrimack STR Trvs. Q2 2025SEC
Q2 2025Aug 13, 20251,383$3.00BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFFidelity Merrimack STR Trvs. Q1 2025SEC
Q1 2025May 14, 20251,360$2.68BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Feb 14, 20251,296$2.49BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Nov 13, 20241,309$2.45BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 14, 20241,197$2.26BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024May 14, 20241,108$2.14BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q4 2023SEC
Q4 2023Jan 30, 20241,088$1.99BState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 13, 20231,163$1.80BState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 11, 2023996$1.80BState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 5, 2023966$1.75BState Street SPDR Portfolio S&P 500 ETFiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Feb 8, 20231,053$1.64BiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFFidelity Merrimack STR Trvs. Q3 2022SEC
Q3 2022Nov 14, 20221,090$1.45BiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFFidelity Merrimack STR Trvs. Q2 2022SEC
Q2 2022Aug 12, 20221,008$1.44BiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q1 2022SEC
Q1 2022May 12, 2022926$1.58BiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q4 2021SEC
Q4 2021Feb 10, 2022998$1.65BiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q3 2021SEC
Q3 2021Nov 4, 2021981$1.52BiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q2 2021SEC
Q2 2021Nov 15, 2021Amended937$1.49BiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETFvs. Q1 2021SEC
Q1 2021May 17, 20211,063$1.45BiShares Core S&P 500 ETFState Street SPDR Portfolio S&P 500 ETFiShares Core MSCI Eafe ETF–SEC