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Livermore
Livermore
ZHEN

GWM Advisors LLC

SEC CIK
0001633516
Latest filing
Aug 12, 2026

The latest 13F from GWM Advisors LLC covers Q2 2026 (filed Aug 12, 2026): 4,181 long positions worth $33.6B. The top 10 holdings make up 18.7% of the portfolio, and the largest is Apple Inc. (AAPL) at 3.0%. 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
315
Est. +$309.8M
Added
1977
Est. +$3.71B
Reduced
1212
Est. −$1.45B
Sold out
260
Est. −$136.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    3.0%$1.01BHistory
  2. iShares Core S&P 500 ETF464287200
    2.6%$886.6M
  3. SPYSPDR S&P 500 ETF Trust
    2.2%$749.8MHistory
  4. NVDANVIDIA Corp
    2.1%$696.9MHistory
  5. MSFTMicrosoft Corp
    1.8%$619.7MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$296.0MAddedHistory
  2. iShares Core S&P 500 ETF464287200
    +$227.7MAdded
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$145.1MAdded
  4. BlackRock ETF Trust II092528876
    +$79.8MAdded
  5. Fidelity Covington Trust316092113
    +$76.3MAdded

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +0.99 pp1.2% → 2.2%History
  2. iShares Core S&P 500 ETF464287200
    +0.56 pp2.1% → 2.6%
  3. MUMicron Technology Inc
    +0.51 pp0.2% → 0.7%History
  4. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.39 pp0.8% → 1.2%
  5. DELLDell Technologies Inc.
    +0.35 pp0.3% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMDAdvanced Micro Devices Inc
    −$108.2MReducedHistory
  2. iShares MSCI USA Quality Factor ETF46432F339
    −$106.2MReduced
  3. iShares Tr464288877
    −$92.5MReduced
  4. HONHoneywell International Inc
    −$85.5MSold outHistory
  5. BlackRock ETF Trust09290C806
    −$53.7MReduced

Largest weight decreases

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

  1. iShares Tr464288877
    −0.37 pp0.7% → 0.3%
  2. iShares MSCI USA Quality Factor ETF46432F339
    −0.35 pp0.5% → 0.2%
  3. WMTWalmart Inc.
    −0.33 pp1.3% → 1.0%History
  4. HONHoneywell International Inc
    −0.31 pp0.3% → 0.0%History
  5. WFCWells Fargo & Company
    −0.19 pp0.3% → 0.1%History

Metrics

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

Portfolio value
$33.6B
+$5.89B (+21.3%) vs. prior quarter
Positions
4,181
+55 vs. prior quarter
Top 10 concentration
18.7%
Top 10 as share of value
Turnover
5.2%
Q2 2026, one quarter
Average holding period
18.2 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 $33.6B (Q2 2026)

Q1 2021: $3.36BQ2 2021: $3.76BQ3 2021: $4.04BQ4 2021: $6.63BQ1 2022: $5.78BQ2 2022: $5.84BQ3 2022: $6.09BQ4 2022: $3.71BQ1 2023: $8.00BQ2 2023: $8.85BQ3 2023: $9.10BQ4 2023: $10.5BQ1 2024: $11.5BQ2 2024: $13.7BQ3 2024: $15.4BQ4 2024: $16.6BQ1 2025: $16.8BQ2 2025: $19.4BQ3 2025: $22.0BQ4 2025: $27.6BQ1 2026: $27.7BQ2 2026: $33.6B
Q1 2021Q2 2026
13F filings of GWM Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 20264,181$33.6BAAPLiShares Core S&P 500 ETFSPYvs. Q1 2026SEC
Q1 2026Jun 3, 2026Amended4,126$27.7BAAPLNVDAMSFTvs. Q4 2025SEC
Q4 2025Feb 18, 20264,214$27.6BAAPLMSFTNVDAvs. Q3 2025SEC
Q3 2025Nov 17, 20254,099$22.0BAAPLNVDAMSFTvs. Q2 2025SEC
Q2 2025Aug 14, 20253,990$19.4BMSFTAAPLNVDAvs. Q1 2025SEC
Q1 2025May 15, 20253,959$16.8BAAPLiShares Core S&P 500 ETFMSFTvs. Q4 2024SEC
Q4 2024Feb 13, 20253,901$16.6BAAPLiShares Core S&P 500 ETFNVDAvs. Q3 2024SEC
Q3 2024Nov 14, 20243,804$15.4BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2024SEC
Q2 2024Aug 16, 20243,784$13.7BAAPLiShares Core S&P 500 ETFNVDAvs. Q1 2024SEC
Q1 2024May 14, 20243,824$11.5BAAPLiShares Core S&P 500 ETFMSFTvs. Q4 2023SEC
Q4 2023Feb 13, 20243,745$10.5BAAPLiShares Core S&P 500 ETFMSFTvs. Q3 2023SEC
Q3 2023Nov 14, 20233,456$9.10BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2023SEC
Q2 2023Aug 14, 20233,479$8.85BAAPLiShares Core S&P 500 ETFMSFTvs. Q1 2023SEC
Q1 2023May 12, 20233,418$8.00BAAPLiShares Core S&P 500 ETFMSFTvs. Q4 2022SEC
Q4 2022Feb 14, 20234,260$3.71BAAPLVanguard S&P 500 ETFMSFTvs. Q3 2022SEC
Q3 2022Nov 14, 20221,521$6.09BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2022SEC
Q2 2022Aug 9, 20221,554$5.84BiShares Core S&P 500 ETFMSFTSPYvs. Q1 2022SEC
Q1 2022May 13, 20221,140$5.78BiShares Core S&P 500 ETFVanguard S&P 500 ETFSPYvs. Q4 2021SEC
Q4 2021Feb 17, 20221,631$6.63BAAPLiShares Core S&P 500 ETFMSFTvs. Q3 2021SEC
Q3 2021Oct 29, 20211,129$4.04BiShares Core S&P 500 ETFAAPLMSFTvs. Q2 2021SEC
Q2 2021Jul 22, 20211,131$3.76BiShares Core S&P 500 ETFAAPLMSFTvs. Q1 2021SEC
Q1 2021Apr 26, 20211,028$3.36BiShares Core S&P 500 ETFAAPLMSFT–SEC