Skip to main content
Livermore
Livermore
ZHEN

RFG Advisory, LLC

SEC CIK
0001633387
Latest filing
Jul 15, 2026

The latest 13F from RFG Advisory, LLC covers Q2 2026 (filed Jul 15, 2026): 1,103 long positions worth $6.39B. The top 10 holdings make up 44.4% of the portfolio, and the largest is Exchange Traded Concepts Tru at 8.9%. 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
142
Est. +$126.4M
Added
519
Est. +$742.7M
Reduced
413
Est. −$378.6M
Sold out
76
Est. −$81.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Exchange Traded Concepts Tru301505384
    8.9%$566.7M
  2. Exchange Traded Concepts Tru301505368
    7.5%$479.5M
  3. Exchange Traded Concepts Tru301505376
    6.3%$404.6M
  4. Exchange Traded Concepts Tru301505426
    5.2%$332.0M
  5. Exchange Traded Concepts Tru301505392
    4.3%$274.1M

Biggest buys

New and added positions, by estimated amount bought

  1. Exchange Traded Concepts Tru301505376
    +$81.8MAdded
  2. Exchange Traded Concepts Tru301505384
    +$80.8MAdded
  3. Exchange Traded Concepts Tru301505368
    +$63.8MAdded
  4. Exchange Traded Concepts Tru301505426
    +$48.1MAdded
  5. Exchange Traded Concepts Tru301505418
    +$37.7MAdded

Largest weight increases

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

  1. Exchange Traded Concepts Tru301505384
    +1.23 pp7.6% → 8.9%
  2. Exchange Traded Concepts Tru301505376
    +1.10 pp5.2% → 6.3%
  3. Exchange Traded Concepts Tru301505426
    +0.70 pp4.5% → 5.2%
  4. Exchange Traded Concepts Tru301505418
    +0.63 pp3.6% → 4.3%
  5. Exchange Traded Concepts Tru301505392
    +0.38 pp3.9% → 4.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BCRXBiocryst Pharmaceuticals Inc
    −$27.3MSold outHistory
  2. Invesco Exch Traded FD Tr II46138E222
    −$25.8MReduced
  3. Invesco Exch Traded FD Tr II46138E339
    −$18.3MReduced
  4. Invesco Nasdaq 100 ETF46138G649
    −$16.5MReduced
  5. Invesco S&P 500 Quality ETF46137V241
    −$8.38MReduced

Largest weight decreases

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

  1. BCRXBiocryst Pharmaceuticals Inc
    −0.50 pp0.5% → 0.0%History
  2. Invesco Exch Traded FD Tr II46138E222
    −0.44 pp0.6% → 0.1%
  3. Fidelity Merrimack STR Tr316188309
    −0.23 pp1.1% → 0.8%
  4. Invesco Nasdaq 100 ETF46138G649
    −0.22 pp0.5% → 0.3%
  5. Vanguard Total Bond Market ETF921937835
    −0.21 pp0.7% → 0.5%

Metrics

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

Portfolio value
$6.39B
+$950.7M (+17.5%) vs. prior quarter
Positions
1,103
+66 vs. prior quarter
Top 10 concentration
44.4%
Top 10 as share of value
Turnover
7.8%
Q2 2026, one quarter
Average holding period
10.4 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 $6.39B (Q2 2026)

Q1 2021: $917.8MQ2 2021: $1.12BQ3 2021: $1.22BQ4 2021: $1.45BQ1 2022: $1.57BQ2 2022: $1.73BQ3 2022: $1.76BQ4 2022: $1.98BQ1 2023: $2.04BQ2 2023: $2.25BQ3 2023: $2.24BQ4 2023: $2.57BQ1 2024: $2.94BQ2 2024: $3.07BQ3 2024: $3.28BQ4 2024: $3.54BQ1 2025: $3.70BQ2 2025: $4.26BQ3 2025: $4.84BQ4 2025: $5.31BQ1 2026: $5.44BQ2 2026: $6.39B
Q1 2021Q2 2026
13F filings of RFG Advisory, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 20261,103$6.39BExchange Traded Concepts TruExchange Traded Concepts TruExchange Traded Concepts Truvs. Q1 2026SEC
Q1 2026Apr 20, 20261,037$5.44BExchange Traded Concepts TruExchange Traded Concepts TruExchange Traded Concepts Truvs. Q4 2025SEC
Q4 2025Feb 3, 2026979$5.31BExchange Traded Concepts TruExchange Traded Concepts TruExchange Traded Concepts Truvs. Q3 2025SEC
Q3 2025Nov 6, 2025950$4.84BExchange Traded Concepts TruExchange Traded Concepts TruExchange Traded Concepts Truvs. Q2 2025SEC
Q2 2025Jul 28, 2025920$4.26BExchange Traded Concepts TruExchange Traded Concepts TruExchange Traded Concepts Truvs. Q1 2025SEC
Q1 2025Apr 9, 2025851$3.70BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q4 2024SEC
Q4 2024Jan 21, 2025758$3.54BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q3 2024SEC
Q3 2024Oct 17, 2024732$3.28BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q2 2024SEC
Q2 2024Jul 15, 2024699$3.07BState Street SPDR Portfolio S&P 500 Growth ETFInvesco Exchange Traded FD TVanguard Total Bond Market ETFvs. Q1 2024SEC
Q1 2024Apr 11, 2024711$2.94BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q4 2023SEC
Q4 2023Jan 25, 2024645$2.57BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q3 2023SEC
Q3 2023Oct 16, 2023622$2.24BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q2 2023SEC
Q2 2023Aug 3, 2023631$2.25BState Street SPDR Portfolio S&P 500 Growth ETFInvesco Exchange Traded FD TVanguard Total Bond Market ETFvs. Q1 2023SEC
Q1 2023May 9, 2023629$2.04BState Street SPDR Portfolio S&P 500 Growth ETFInvesco Exchange Traded FD TVanguard Total Bond Market ETFvs. Q4 2022SEC
Q4 2022Feb 15, 2023612$1.98BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Nov 10, 2022613$1.76BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2022SEC
Q2 2022Aug 9, 2022561$1.73BInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2022SEC
Q1 2022May 11, 2022508$1.57BInvesco Exchange Traded FD TState Street SPDR Portfolio Aggregate Bond ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q4 2021SEC
Q4 2021Feb 2, 2022474$1.45BState Street SPDR Portfolio S&P 500 Growth ETFInvesco Exchange Traded FD TState Street SPDR Portfolio Aggregate Bond ETFvs. Q3 2021SEC
Q3 2021Oct 19, 2021420$1.22BState Street SPDR Portfolio Aggregate Bond ETFInvesco Exchange Traded FD TState Street SPDR Portfolio S&P 500 Growth ETFvs. Q2 2021SEC
Q2 2021Jul 29, 2021430$1.12BInvesco Exchange Traded FD TState Street SPDR Portfolio Aggregate Bond ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q1 2021SEC
Q1 2021Apr 19, 2021431$917.8MInvesco Exchange Traded FD TState Street SPDR Portfolio Aggregate Bond ETFState Street SPDR Portfolio S&P 500 Growth ETF–SEC