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Livermore
Livermore
ZHEN

Rehmann Capital Advisory Group

SEC CIK
0001633037
Latest filing
Aug 20, 2026

The latest 13F from Rehmann Capital Advisory Group covers Q2 2026 (filed Aug 20, 2026): 702 long positions worth $2.18B. The top 10 holdings make up 36.8% of the portfolio, and the largest is iShares S&P 500 Growth ETF at 8.2%. Livermore has 23 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
54
Est. +$18.0M
Added
355
Est. +$97.5M
Reduced
232
Est. −$46.1M
Sold out
28
Est. −$10.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares S&P 500 Growth ETF464287309
    8.2%$179.3M
  2. iShares S&P 500 Value ETF464287408
    7.7%$168.2M
  3. iShares Core MSCI Eafe ETF46432F842
    4.5%$99.2M
  4. Vanguard S&P 500 ETF922908363
    3.8%$82.0M
  5. Fidelity Merrimack STR Tr316188309
    2.8%$62.1M

Share of portfolio

Top 5 holdings and the other 697 positions, by share of portfolio value

  1. iShares S&P 500 Growth ETF8.2%
  2. iShares S&P 500 Value ETF7.7%
  3. iShares Core MSCI Eafe ETF4.5%
  4. Vanguard S&P 500 ETF3.8%
  5. Fidelity Merrimack STR Tr2.8%
  6. Other 697 positions73.0%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares S&P 500 Growth ETF464287309
    +$19.0MAdded
  2. Dimensional U.S. Small Cap ETF25434V500
    +$7.86MAdded
  3. Vanguard S&P 500 ETF922908363
    +$5.97MAdded
  4. iShares S&P 500 Value ETF464287408
    +$5.42MAdded
  5. State Street Technology Select Sector SPDR ETF81369Y803
    +$3.49MAdded

Largest weight increases

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

  1. iShares S&P 500 Growth ETF464287309
    +1.35 pp6.9% → 8.2%
  2. Dimensional U.S. Small Cap ETF25434V500
    +0.36 pp0.1% → 0.5%
  3. Vanguard S&P 500 ETF922908363
    +0.31 pp3.4% → 3.8%
  4. AMDAdvanced Micro Devices Inc
    +0.21 pp0.1% → 0.3%History
  5. State Street Technology Select Sector SPDR ETF81369Y803
    +0.20 pp0.1% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Min Vol Factor ETF46429B697
    −$6.86MReduced
  2. Fidelity Covington Trust316092857
    −$5.63MReduced
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$3.18MReduced
  4. Vanguard Total Bond Market ETF921937835
    −$3.07MReduced
  5. GLDSPDR Gold Trust
    −$2.93MReducedHistory

Largest weight decreases

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

  1. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.45 pp1.6% → 1.1%
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.34 pp1.8% → 1.5%
  3. GLDSPDR Gold Trust
    −0.30 pp0.7% → 0.4%History
  4. Fidelity Covington Trust316092857
    −0.27 pp0.3% → 0.1%
  5. SYKStryker Corp
    −0.22 pp1.1% → 0.9%History

Metrics

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

Portfolio value
$2.18B
+$264.2M (+13.8%) vs. prior quarter
Positions
702
+26 vs. prior quarter
Top 10 concentration
36.8%
Top 10 as share of value
Turnover
2.7%
Q2 2026, one quarter
Average holding period
18.9 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 $2.18B (Q2 2026)

Q1 2021: $977.9MQ2 2021: $1.03BQ3 2021: $1.05BQ4 2021: $1.08BQ1 2022: $1.05BQ2 2022: $908.9MQ3 2022: $901.9MQ4 2022: $976.0MQ1 2023: $1.06BQ2 2023: $1.12BQ3 2023: $1.07BQ4 2023: $1.21BQ1 2024: $1.34BQ2 2024: $1.40BQ3 2024: $1.53BQ4 2024: $1.58BQ1 2025: $1.59BQ2 2025: $1.65BQ3 2025: $1.83BQ4 2025: $1.92BQ1 2026: $1.92BQ2 2026: $2.18B
Q1 2021Q2 2026
13F filings of Rehmann Capital Advisory Group by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 20, 2026702$2.18BiShares S&P 500 Growth ETFiShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q1 2026SEC
Q1 2026May 15, 2026676$1.92BiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Mar 4, 2026648$1.92BiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025634$1.83BiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q2 2025SEC
Q2 2025Jul 30, 2025610$1.65BiShares S&P 500 Growth ETFiShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q1 2025SEC
Q1 2025Apr 30, 2025602$1.59BiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Feb 14, 2025600$1.58BiShares S&P 500 Growth ETFiShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Nov 18, 2024593$1.53BiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 12, 2024575$1.40BiShares S&P 500 Growth ETFiShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024May 3, 2024571$1.34BiShares S&P 500 Growth ETFiShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024550$1.21BiShares S&P 500 Growth ETFiShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023531$1.07BiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFiShares S&P 500 Value ETFvs. Q2 2023SEC
Q2 2023Aug 23, 2023Amended547$1.12BiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFiShares S&P 500 Value ETFvs. Q1 2023SEC
Q1 2023May 12, 2023546$1.06BiShares Core MSCI Eafe ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q4 2022SEC
Q4 2022Feb 10, 2023556$976.0MiShares Core MSCI Eafe ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022528$901.9MiShares Core MSCI Eafe ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q2 2022SEC
Q2 2022Aug 12, 2022506$908.9MiShares Core MSCI Eafe ETFiShares S&P 500 Value ETFiShares S&P 500 Growth ETFvs. Q1 2022SEC
Q1 2022Jun 3, 2022538$1.05BiShares Core MSCI Eafe ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q4 2021SEC
Q4 2021Mar 2, 2022562$1.08BiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFiShares S&P 500 Value ETFvs. Q3 2021SEC
Q3 2021Nov 16, 2021542$1.05BiShares Core MSCI Eafe ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q2 2021SEC
Q2 2021Aug 13, 2021542$1.03BiShares Core MSCI Eafe ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q1 2021SEC
Q1 2021May 26, 2021511$977.9MiShares Core MSCI Eafe ETFiShares S&P 500 Growth ETFiShares MSCI USA Min Vol Factor ETF–SEC