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Livermore
Livermore
ZHEN

Cetera Investment Advisers

SEC CIK
0001666741
Latest filing
Aug 12, 2026

The latest 13F from Cetera Investment Advisers covers Q2 2026 (filed Aug 12, 2026): 4,863 long positions worth $109.8B. The top 10 holdings make up 16.5% of the portfolio, and the largest is iShares Core S&P 500 ETF at 3.2%. 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
350
Est. +$710.9M
Added
2655
Est. +$6.89B
Reduced
1757
Est. −$2.33B
Sold out
161
Est. −$157.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    3.2%$3.56B
  2. AAPLApple Inc.
    1.9%$2.13BHistory
  3. NVDANVIDIA Corp
    1.8%$1.97BHistory
  4. Vanguard Morningstar Value ETF922908744
    1.6%$1.74B
  5. Invesco QQQ Trust Series I46090E103
    1.5%$1.67B

Share of portfolio

Top 5 holdings and the other 4,858 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF3.2%
  2. AAPL1.9%
  3. NVDA1.8%
  4. Vanguard Morningstar Value ETF1.6%
  5. Invesco QQQ Trust Series I1.5%
  6. Other 4,858 positions89.9%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$370.4MAdded
  2. iShares Tr46434V613
    +$152.0MAdded
  3. Vanguard S&P 500 ETF922908363
    +$148.8MAdded
  4. State Street SPDR Bloomberg Convertible Securities ETF78464A359
    +$124.3MAdded
  5. BlackRock ETF Trust09290C764
    +$107.9MNew

Largest weight increases

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

  1. MUMicron Technology Inc
    +0.33 pp0.1% → 0.5%History
  2. iShares Core S&P 500 ETF464287200
    +0.28 pp3.0% → 3.2%
  3. Invesco QQQ Trust Series I46090E103
    +0.13 pp1.4% → 1.5%
  4. Vanguard S&P 500 ETF922908363
    +0.12 pp1.3% → 1.4%
  5. State Street SPDR Bloomberg Convertible Securities ETF78464A359
    +0.11 pp<0.1% → 0.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464288877
    −$136.9MReduced
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$136.7MReduced
  3. iShares MSCI USA Quality Factor ETF46432F339
    −$130.7MReduced
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −$98.7MReduced
  5. iShares Tr46435G672
    −$91.5MReduced

Largest weight decreases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.19 pp0.4% → 0.2%
  2. iShares Tr464288877
    −0.16 pp0.3% → 0.1%
  3. iShares MSCI USA Quality Factor ETF46432F339
    −0.13 pp0.3% → 0.2%
  4. Vanguard Total Bond Market ETF921937835
    −0.12 pp0.6% → 0.5%
  5. GLDSPDR Gold Trust
    −0.11 pp0.4% → 0.3%History

Metrics

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

Portfolio value
$109.8B
+$15.8B (+16.8%) vs. prior quarter
Positions
4,863
+189 vs. prior quarter
Top 10 concentration
16.5%
Top 10 as share of value
Turnover
2.4%
Q2 2026, one quarter
Average holding period
18.8 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 $109.8B (Q2 2026)

Q1 2021: $5.08BQ2 2021: $6.23BQ3 2021: $6.29BQ4 2021: $6.98BQ1 2022: $6.96BQ2 2022: $6.29BQ3 2022: $5.01BQ4 2022: $10.8BQ1 2023: $11.4BQ2 2023: $11.9BQ3 2023: $11.6BQ4 2023: $12.3BQ1 2024: $42.4BQ2 2024: $43.4BQ3 2024: $45.7BQ4 2024: $47.8BQ1 2025: $51.6BQ2 2025: $59.3BQ3 2025: $86.0BQ4 2025: $91.5BQ1 2026: $94.0BQ2 2026: $109.8B
Q1 2021Q2 2026
13F filings of Cetera Investment Advisers by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 20264,863$109.8BiShares Core S&P 500 ETFAAPLNVDAvs. Q1 2026SEC
Q1 2026May 13, 20264,674$94.0BiShares Core S&P 500 ETFAAPLNVDAvs. Q4 2025SEC
Q4 2025Feb 17, 20264,595$91.5BiShares Core S&P 500 ETFAAPLNVDAvs. Q3 2025SEC
Q3 2025Nov 14, 20254,495$86.0BiShares Core S&P 500 ETFNVDAAAPLvs. Q2 2025SEC
Q2 2025Aug 8, 20254,044$59.3BNVDAiShares Core S&P 500 ETFAAPLvs. Q1 2025SEC
Q1 2025May 6, 20253,942$51.6BiShares Core S&P 500 ETFAAPLNVDAvs. Q4 2024SEC
Q4 2024Feb 14, 20253,725$47.8BAAPLiShares Core S&P 500 ETFNVDAvs. Q3 2024SEC
Q3 2024Nov 13, 20243,682$45.7BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2024SEC
Q2 2024Aug 22, 20243,683$43.4BiShares Core S&P 500 ETFAAPLMSFTvs. Q1 2024SEC
Q1 2024May 24, 2024Amended3,658$42.4BiShares Core S&P 500 ETFAAPLMSFTvs. Q4 2023SEC
Q4 2023Feb 13, 20242,211$12.3BiShares Core S&P 500 ETFAAPLVanguard Morningstar Total Stock Market ETFvs. Q3 2023SEC
Q3 2023Nov 14, 20232,178$11.6BiShares Core S&P 500 ETFAAPLVanguard Morningstar Total Stock Market ETFvs. Q2 2023SEC
Q2 2023Aug 10, 20232,173$11.9BiShares Core S&P 500 ETFAAPLVanguard Morningstar Total Stock Market ETFvs. Q1 2023SEC
Q1 2023May 15, 20232,145$11.4BiShares Core S&P 500 ETFAAPLVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Feb 14, 20232,088$10.8BiShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFAAPLvs. Q3 2022SEC
Q3 2022Nov 14, 20221,731$5.01BSchwab US Dividend Equity ETFiShares Core S&P 500 ETFVanguard Short-Term Bond ETFvs. Q2 2022SEC
Q2 2022Aug 11, 20221,807$6.29BAAPLSchwab US Dividend Equity ETFFirst Tr Exchange-Traded FDvs. Q1 2022SEC
Q1 2022May 13, 20221,859$6.96BAAPLSchwab US Dividend Equity ETFiShares Core S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 14, 20221,846$6.98BAAPLSchwab US Dividend Equity ETFInvesco QQQ Trust Series Ivs. Q3 2021SEC
Q3 2021Nov 16, 20211,774$6.29BAAPLInvesco QQQ Trust Series ISchwab US Dividend Equity ETFvs. Q2 2021SEC
Q2 2021Aug 13, 20211,762$6.23BAAPLInvesco QQQ Trust Series IFirst Tr Exchange-Traded FDvs. Q1 2021SEC
Q1 2021May 17, 20211,591$5.08BAAPLInvesco QQQ Trust Series IFirst Tr Exchange-Traded FD–SEC