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Livermore
Livermore
ZHEN

Probity Advisors, Inc.

SEC CIK
0001676603
Latest filing
Jul 31, 2026

The latest 13F from Probity Advisors, Inc. covers Q2 2026 (filed Jul 31, 2026): 232 long positions worth $699.2M. The top 10 holdings make up 43.3% of the portfolio, and the largest is iShares S&P 500 Value ETF at 9.7%. Livermore has 21 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
8
Est. +$1.95M
Added
78
Est. +$21.1M
Reduced
139
Est. −$23.7M
Sold out
6
Est. −$1.22M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares S&P 500 Value ETF464287408
    9.7%$67.6M
  2. iShares S&P 500 Growth ETF464287309
    9.6%$67.3M
  3. iShares Core MSCI Eafe ETF46432F842
    6.4%$45.0M
  4. iShares S&P Small-Cap 600 Value ETF464287879
    3.3%$23.1M
  5. iShares S&P Small-Cap 600 Growth ETF464287887
    2.8%$19.8M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Ibonds Dec 2032 Term Corporate ETF46436E312
    +$2.81MAdded
  2. iShares Tr46436E296
    +$2.62MAdded
  3. iShares Tr46436E148
    +$1.13MAdded
  4. iShares Tr46436E460
    +$1.12MAdded
  5. iShares Ibonds Dec 2030 Term Corporate ETF46436E726
    +$1.10MAdded

Largest weight increases

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

  1. iShares Ibonds Dec 2032 Term Corporate ETF46436E312
    +0.28 pp1.2% → 1.5%
  2. iShares Tr46436E296
    +0.25 pp1.2% → 1.4%
  3. PANWPalo Alto Networks Inc
    +0.12 pp0.1% → 0.2%History
  4. URIUnited Rentals, Inc.
    +0.09 pp0.2% → 0.3%History
  5. iShares Tr46438G372
    +0.09 pp0.6% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Ibonds Dec 2028 Term Corporate ETF46435U515
    −$2.92MReduced
  2. iShares Tr46436E833
    −$2.65MReduced
  3. LRCXLam Research Corp
    −$2.31MReducedHistory
  4. iShares S&P 500 Growth ETF464287309
    −$1.58MReduced
  5. iShares Ibonds Dec 2027 Term Corporate ETF46435UAA9
    −$1.56MReduced

Largest weight decreases

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

  1. iShares Ibonds Dec 2028 Term Corporate ETF46435U515
    −0.52 pp1.0% → 0.5%
  2. iShares Tr46436E833
    −0.47 pp0.9% → 0.4%
  3. iShares Ibonds Dec 2027 Term Corporate ETF46435UAA9
    −0.28 pp0.6% → 0.3%
  4. iShares Tr46436E841
    −0.26 pp0.5% → 0.3%
  5. iShares Ibonds Dec 2026 Term Corporate ETF46435GAA0
    −0.24 pp0.5% → 0.2%

Metrics

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

Portfolio value
$699.2M
+$68.0M (+10.8%) vs. prior quarter
Positions
232
+2 vs. prior quarter
Top 10 concentration
43.3%
Top 10 as share of value
Turnover
3.5%
Q2 2026, one quarter
Average holding period
11.9 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

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $699.2M (Q2 2026)

Q1 2021: $447.8MQ2 2021: $474.9MQ3 2021: $484.0MQ4 2021: $505.6MQ1 2022: $484.7MQ2 2022: $431.8MQ3 2022: $402.9MQ4 2022: $441.5MQ2 2023: $458.0MQ3 2023: $433.7MQ4 2023: $459.0MQ1 2024: $483.6MQ2 2024: $482.7MQ3 2024: $522.2MQ4 2024: $519.5MQ1 2025: $520.8MQ2 2025: $569.4MQ3 2025: $616.9MQ4 2025: $624.4MQ1 2026: $631.2MQ2 2026: $699.2M
Q1 2021Q2 2026
13F filings of Probity Advisors, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 2026232$699.2MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q1 2026SEC
Q1 2026Apr 28, 2026230$631.2MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Jan 27, 2026232$624.4MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q3 2025SEC
Q3 2025Oct 30, 2025235$616.9MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q2 2025SEC
Q2 2025Jul 30, 2025230$569.4MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q1 2025SEC
Q1 2025May 9, 2025227$520.8MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q4 2024SEC
Q4 2024Mar 5, 2025231$519.5MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q3 2024SEC
Q3 2024Oct 16, 2024227$522.2MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 14, 2024207$482.7MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Core MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024May 3, 2024209$483.6MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares S&P Small-Cap 600 Value ETFvs. Q4 2023SEC
Q4 2023Feb 12, 2024202$459.0MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares S&P Small-Cap 600 Value ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023179$433.7MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Trvs. Q2 2023SEC
Q2 2023Aug 10, 2023188$458.0MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Tr–SEC
Q4 2022Feb 15, 2023182$441.5MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Trvs. Q3 2022SEC
Q3 2022Nov 14, 2022171$402.9MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Trvs. Q2 2022SEC
Q2 2022Aug 12, 2022177$431.8MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares Trvs. Q1 2022SEC
Q1 2022May 10, 2022186$484.7MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares S&P Small-Cap 600 Value ETFvs. Q4 2021SEC
Q4 2021Feb 10, 2022196$505.6MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares S&P Small-Cap 600 Value ETFvs. Q3 2021SEC
Q3 2021Oct 8, 2021203$484.0MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares S&P Small-Cap 600 Value ETFvs. Q2 2021SEC
Q2 2021Aug 6, 2021199$474.9MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares S&P Small-Cap 600 Value ETFvs. Q1 2021SEC
Q1 2021Apr 28, 2021195$447.8MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFiShares S&P Small-Cap 600 Value ETF–SEC