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Livermore
Livermore
ZHEN

IFP Advisors, Inc

SEC CIK
0001641866
Latest filing
Jul 20, 2026

The latest 13F from IFP Advisors, Inc covers Q2 2026 (filed Jul 20, 2026): 5,147 long positions worth $5.54B. The top 10 holdings make up 14.5% of the portfolio, and the largest is Apple Inc. (AAPL) at 2.5%. Livermore has 26 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
337
Est. +$56.2M
Added
2342
Est. +$467.6M
Reduced
1611
Est. −$333.7M
Sold out
222
Est. −$9.73M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    2.5%$140.3MHistory
  2. NVDANVIDIA Corp
    2.4%$132.8MHistory
  3. Invesco QQQ Trust Series I46090E103
    1.4%$80.0M
  4. AMZNAmazon Com Inc
    1.4%$78.2MHistory
  5. MSFTMicrosoft Corp
    1.2%$67.3MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core High Dividend ETF46429B663
    +$16.1MAddedConverted for a 5-for-1 split
  2. ABTAbbott Laboratories
    +$16.0MAddedHistory
  3. iShares Tr464288646
    +$15.7MAdded
  4. Listed FDS Tr53656G498
    +$11.6MAdded
  5. VanEck ETF Trust92189F106
    +$11.4MAdded

Largest weight increases

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

  1. AMDAdvanced Micro Devices Inc
    +0.52 pp0.3% → 0.8%History
  2. PANWPalo Alto Networks Inc
    +0.35 pp0.4% → 0.7%History
  3. Invesco QQQ Trust Series I46090E103
    +0.31 pp1.1% → 1.4%
  4. ABTAbbott Laboratories
    +0.26 pp0.1% → 0.4%History
  5. MUMicron Technology Inc
    +0.26 pp0.1% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Russell 2000 ETF464287655
    −$18.3MReduced
  2. Vanguard Morningstar Mid-Cap Growth ETF922908538
    −$16.8MReduced
  3. GOOGAlphabet Inc.
    −$11.2MReducedHistory
  4. iShares S&P 500 Growth ETF464287309
    −$10.1MReduced
  5. Invesco Exchange Traded FD T46137V134
    −$9.77MReduced

Largest weight decreases

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

  1. iShares Russell 2000 ETF464287655
    −0.31 pp0.4% → 0.1%
  2. iShares Tr464287432
    −0.30 pp1.0% → 0.7%
  3. Vanguard Morningstar Mid-Cap Growth ETF922908538
    −0.29 pp0.4% → 0.1%
  4. AUAngloGold Ashanti PLC
    −0.28 pp0.5% → 0.2%History
  5. IAUiShares Gold Trust
    −0.28 pp1.0% → 0.8%History

Metrics

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

Portfolio value
$5.54B
+$714.8M (+14.8%) vs. prior quarter
Positions
5,147
+115 vs. prior quarter
Top 10 concentration
14.5%
Top 10 as share of value
Turnover
6.6%
Q2 2026, one quarter
Average holding period
19.6 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 $7.72B (Q1 2022)

Q1 2021: $5.14BQ2 2021: $4.83BQ3 2021: $4.93BQ4 2021: $5.10BQ1 2022: $7.72BQ2 2022: $2.97BQ3 2022: $3.38BQ4 2022: $3.24BQ1 2023: $2.06BQ2 2023: $1.98BQ3 2023: $2.22BQ4 2023: $2.12BQ1 2024: $2.28BQ2 2024: $2.52BQ3 2024: $2.77BQ4 2024: $3.05BQ1 2025: $3.24BQ2 2025: $3.52BQ3 2025: $3.85BQ4 2025: $4.45BQ1 2026: $4.82BQ2 2026: $5.54B
Q1 2021Q2 2026
13F filings of IFP Advisors, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 20265,147$5.54BAAPLNVDAInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026Apr 13, 20265,032$4.82BAAPLNVDAAMZNvs. Q4 2025SEC
Q4 2025Feb 6, 20264,899$4.45BAAPLNVDASPYvs. Q3 2025SEC
Q3 2025Feb 6, 2026Amended4,843$3.85BAAPLNVDAVanguard Morningstar Growth ETFvs. Q2 2025SEC
Q2 2025Jul 24, 20254,929$3.52BAAPLNVDASPYvs. Q1 2025SEC
Q1 2025May 5, 20254,312$3.24BAAPLInvesco QQQ Trust Series IVanguard Morningstar Growth ETFvs. Q4 2024SEC
Q4 2024Feb 4, 20254,609$3.05BAAPLSPYInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Feb 4, 20253,318$2.77BAAPLInvesco QQQ Trust Series ISPYvs. Q2 2024SEC
Q2 2024Jul 30, 20243,243$2.52BAAPLInvesco QQQ Trust Series ISPYvs. Q1 2024SEC
Q1 2024Jul 30, 20243,136$2.28BAAPLWisdomTree TrInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Jan 9, 20243,050$2.12BAAPLFirst Tr Exchange-Traded FDSPYvs. Q3 2023SEC
Q3 2023Oct 12, 20233,311$2.22BWisdomTree TrFirst Tr Exchange-Traded FDAAPLvs. Q2 2023SEC
Q2 2023Aug 4, 20233,460$1.98BWisdomTree TrFirst Tr Exchange-Traded FDiShares S&P 500 Growth ETFvs. Q1 2023SEC
Q1 2023Apr 18, 20233,370$2.06BiShares S&P 500 Growth ETFWisdomTree TrAMZNvs. Q4 2022SEC
Q4 2022Feb 7, 20234,609$3.24BAAPLState Street SPDR Bloomberg 1-3 Month T-Bill ETFFirst Tr Exchange-Traded FDvs. Q3 2022SEC
Q3 2022Nov 8, 20224,798$3.38BAMZNAAPLSchwab U.S. Large-Cap ETFvs. Q2 2022SEC
Q2 2022Sep 6, 2022Amended4,565$2.97BAMZNAAPLSchwab U.S. Large-Cap ETFvs. Q1 2022SEC
Q1 2022Sep 6, 2022Amended5,194$7.72BGWG L Bond 03012021 2 Years 5.50GWG L Bond 04012021 2 Years 5.50GWG L Bond 04012021 3 Years 6.25vs. Q4 2021SECSEC
Q4 2021Jan 12, 20223,362$5.10BGWG L Bond 03012021 2 Years 5.50GWG L Bond 04012021 2 Years 5.50GWG L Bond 04012021 3 Years 6.25vs. Q3 2021SEC
Q3 2021Oct 6, 20213,334$4.93BGWG L Bond 03012021 2 Years 5.50GWG L Bond 04012021 2 Years 5.50GWG L Bond 04012021 3 Years 6.25vs. Q2 2021SEC
Q2 2021Jul 13, 20213,285$4.83BGWG L Bond 03012021 2 Years 5.50GWG L Bond 04012021 2 Years 5.50GWG L Bond 04012021 3 Years 6.25vs. Q1 2021SEC
Q1 2021Apr 30, 20213,214$5.14BGWG L Bond 03012021 2 Years 5.50GWG L Bond 01012021 2 Years 5.50GWG L Bond 04012021 2 Years 5.50–SEC