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Livermore
Livermore
ZHEN

PFG Advisors

SEC CIK
0001694435
Latest filing
Jul 16, 2026

The latest 13F from PFG Advisors covers Q2 2026 (filed Jul 16, 2026): 791 long positions worth $1.98B. The top 10 holdings make up 19.0% of the portfolio, and the largest is Invesco QQQ Trust Series I at 2.6%. 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
82
Est. +$49.0M
Added
290
Est. +$85.1M
Reduced
398
Est. −$369.0M
Sold out
79
Est. −$54.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    2.6%$50.8M
  2. Vanguard Morningstar Growth ETF922908736
    2.5%$49.2M
  3. Vanguard Morningstar Total Stock Market ETF922908769
    2.3%$45.6M
  4. AAPLApple Inc.
    2.2%$43.0MHistory
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    2.1%$40.8M

Biggest buys

New and added positions, by estimated amount bought

  1. NXTNextpower Inc.
    +$5.43MAddedHistory
  2. iShares U.S. Treasury Bond ETF46429B267
    +$4.75MAdded
  3. BlackRock ETF Trust09290C764
    +$4.57MNew
  4. iShares MSCI Acwi Ex U.S. ETF464288240
    +$4.31MAdded
  5. Vanguard Total Bond Market ETF921937835
    +$3.35MAdded

Largest weight increases

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

  1. Fidelity MSCI Information Technology Index ETF316092808
    +0.44 pp1.0% → 1.5%
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.43 pp1.6% → 2.1%
  3. NXTNextpower Inc.
    +0.30 pp0.1% → 0.4%History
  4. Vanguard High Dividend Yield Index ETF921946406
    +0.27 pp1.0% → 1.3%
  5. iShares U.S. Treasury Bond ETF46429B267
    +0.24 pp0.1% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco Exch Traded FD Tr II46138E354
    −$13.2MReduced
  2. State Street Utilities Select Sector SPDR ETF81369Y886
    −$12.9MReduced
  3. GLDSPDR Gold Trust
    −$12.4MReducedHistory
  4. VanEck ETF Trust92189H805
    −$11.5MReduced
  5. State Street Energy Select Sector SPDR ETF81369Y506
    −$11.2MReduced

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −0.74 pp1.0% → 0.3%History
  2. State Street Energy Select Sector SPDR ETF81369Y506
    −0.65 pp0.8% → 0.2%
  3. State Street Utilities Select Sector SPDR ETF81369Y886
    −0.63 pp0.7% → 0.1%
  4. Invesco Exch Traded FD Tr II46138E354
    −0.62 pp0.7% → 0.1%
  5. First Tr Exchange-Traded FD33733E807
    −0.57 pp0.6% → <0.1%

Metrics

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

Portfolio value
$1.98B
−$70.0M (−3.4%) vs. prior quarter
Positions
791
+3 vs. prior quarter
Top 10 concentration
19.0%
Top 10 as share of value
Turnover
6.6%
Q2 2026, one quarter
Average holding period
12.1 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 $2.44B (Q3 2025)

Q1 2021: $773.3MQ2 2021: $872.1MQ3 2021: $881.7MQ4 2021: $992.9MQ1 2022: $978.4MQ2 2022: $884.0MQ3 2022: $875.1MQ4 2022: $1.02BQ1 2023: $1.20BQ2 2023: $1.31BQ3 2023: $1.11BQ4 2023: $1.24BQ1 2024: $1.37BQ2 2024: $1.48BQ3 2024: $1.59BQ4 2024: $1.63BQ1 2025: $1.79BQ2 2025: $2.11BQ3 2025: $2.44BQ4 2025: $2.06BQ1 2026: $2.05BQ2 2026: $1.98B
Q1 2021Q2 2026
13F filings of PFG Advisors by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 2026791$1.98BInvesco QQQ Trust Series IVanguard Morningstar Growth ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2026SEC
Q1 2026May 5, 2026788$2.05BVanguard Morningstar Total Stock Market ETFVanguard Morningstar Growth ETFAAPLvs. Q4 2025SEC
Q4 2025Jan 27, 2026767$2.06BVanguard Morningstar Growth ETFVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Nov 13, 2025812$2.44BVanguard Morningstar Growth ETFMSFTAAPLvs. Q2 2025SEC
Q2 2025Aug 7, 2025623$2.11BVanguard S&P 500 ETFVanguard S&P 500 Growth ETFIAUvs. Q1 2025SEC
Q1 2025May 6, 2025695$1.79BAAPLInvesco QQQ Trust Series IVanguard Morningstar Growth ETFvs. Q4 2024SEC
Q4 2024Feb 7, 2025689$1.63BVanguard Morningstar Growth ETFAAPLInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Oct 15, 2024691$1.59BAAPLInvesco QQQ Trust Series IVanguard Morningstar Growth ETFvs. Q2 2024SEC
Q2 2024Aug 8, 2024666$1.48BAAPLInvesco QQQ Trust Series IVanguard Morningstar Growth ETFvs. Q1 2024SEC
Q1 2024May 7, 2024641$1.37BInvesco QQQ Trust Series IVanguard Morningstar Growth ETFMSFTvs. Q4 2023SEC
Q4 2023Jan 19, 2024610$1.24BAAPLInvesco QQQ Trust Series IVanguard Morningstar Growth ETFvs. Q3 2023SEC
Q3 2023Oct 13, 2023594$1.11BAAPLVanguard Morningstar Growth ETFInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Jul 20, 2023670$1.31BMSFTAAPLInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023Apr 21, 2023637$1.20BMSFTAAPLVanguard Morningstar Growth ETFvs. Q4 2022SEC
Q4 2022Jan 30, 2023564$1.02BMSFTAAPLVanguard Morningstar Growth ETFvs. Q3 2022SEC
Q3 2022Oct 14, 2022516$875.1MAAPLMSFTVanguard Morningstar Growth ETFvs. Q2 2022SEC
Q2 2022Jul 13, 2022394$884.0MIAUVanguard Morningstar Mid-Cap ETFVanguard Dividend Appreciation ETFvs. Q1 2022SEC
Q1 2022Apr 19, 2022412$978.4MIAUVanguard Morningstar Mid-Cap Growth ETFVanguard S&P 500 Growth ETFvs. Q4 2021SEC
Q4 2021Jan 21, 2022525$992.9MMSFTAAPLVanguard Morningstar Growth ETFvs. Q3 2021SEC
Q3 2021Nov 5, 2021499$881.7MMSFTAAPLVanguard Dividend Appreciation ETFvs. Q2 2021SEC
Q2 2021Jul 28, 2021475$872.1MMSFTAAPLInvesco QQQ Trust Series Ivs. Q1 2021SEC
Q1 2021Apr 27, 2021449$773.3MMSFTAAPLInvesco QQQ Trust Series I–SEC