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Livermore
Livermore
ZHEN

McAdam, LLC

SEC CIK
0001695490
Latest filing
Aug 4, 2026

The latest 13F from McAdam, LLC covers Q2 2026 (filed Aug 4, 2026): 516 long positions worth $2.59B. The top 10 holdings make up 64.6% of the portfolio, and the largest is Schwab Fundamental U.S. Large Company ETF at 13.1%. 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
107
Est. +$60.9M
Added
202
Est. +$319.9M
Reduced
197
Est. −$246.5M
Sold out
33
Est. −$14.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab Fundamental U.S. Large Company ETF808524771
    13.1%$340.0M
  2. Schwab U.S. Large-Cap ETF808524201
    12.4%$321.5M
  3. Schwab U.S. Large-Cap Growth ETF808524300
    11.2%$288.9M
  4. Schwab International Equity ETF808524805
    10.0%$258.1M
  5. J P Morgan Exchange Traded F46641Q670
    3.6%$92.7M

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Covington Trust316092543
    +$51.3MAdded
  2. Schwab Fundamental U.S. Large Company ETF808524771
    +$48.6MAdded
  3. Schwab U.S. Large-Cap Growth ETF808524300
    +$38.0MAdded
  4. J P Morgan Exchange Traded F46641Q670
    +$31.1MAdded
  5. Schwab International Equity ETF808524805
    +$25.2MAdded

Largest weight increases

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

  1. Fidelity Covington Trust316092543
    +1.97 pp1.2% → 3.2%
  2. Schwab U.S. Large-Cap Growth ETF808524300
    +1.43 pp9.7% → 11.2%
  3. Schwab Fundamental U.S. Large Company ETF808524771
    +1.38 pp11.8% → 13.1%
  4. J P Morgan Exchange Traded F46641Q670
    +0.80 pp2.8% → 3.6%
  5. Schwab U.S. Large-Cap ETF808524201
    +0.67 pp11.7% → 12.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco Exchange Traded FD T46137V357
    −$48.3MReduced
  2. Schwab Emerging Markets Equity ETF808524706
    −$25.3MReduced
  3. SPDR Series Trust78464A821
    −$13.4MReduced
  4. Schwab Intermediate-Term US Treasury ETF808524854
    −$10.9MReduced
  5. State Street SPDR Bloomberg Convertible Securities ETF78464A359
    −$10.4MReduced

Largest weight decreases

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

  1. Invesco Exchange Traded FD T46137V357
    −1.98 pp2.4% → 0.4%
  2. Schwab Emerging Markets Equity ETF808524706
    −1.05 pp1.4% → 0.3%
  3. SPDR Series Trust78464A664
    −0.58 pp1.4% → 0.8%
  4. SPDR Series Trust78464A821
    −0.51 pp0.8% → 0.3%
  5. Schwab Intermediate-Term US Treasury ETF808524854
    −0.50 pp0.6% → 0.1%

Metrics

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

Portfolio value
$2.59B
+$368.9M (+16.6%) vs. prior quarter
Positions
516
+74 vs. prior quarter
Top 10 concentration
64.6%
Top 10 as share of value
Turnover
10.8%
Q2 2026, one quarter
Average holding period
19.2 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 $2.59B (Q2 2026)

Q1 2021: $709.3MQ2 2021: $881.4MQ3 2021: $900.3MQ4 2021: $1.01BQ1 2022: $1.06BQ2 2022: $945.8MQ3 2022: $922.4MQ4 2022: $1.01BQ1 2023: $1.11BQ2 2023: $1.21BQ3 2023: $1.22BQ4 2023: $1.39BQ1 2024: $1.56BQ2 2024: $1.66BQ3 2024: $1.78BQ4 2024: $1.83BQ1 2025: $1.62BQ2 2025: $1.83BQ3 2025: $2.03BQ4 2025: $2.19BQ1 2026: $2.22BQ2 2026: $2.59B
Q1 2021Q2 2026
13F filings of McAdam, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 2026516$2.59BSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2026SEC
Q1 2026May 8, 2026442$2.22BSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2025SEC
Q4 2025Feb 13, 2026428$2.19BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2025SEC
Q3 2025Oct 29, 2025394$2.03BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2025SEC
Q2 2025Jul 15, 2025376$1.83BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2025SEC
Q1 2025May 21, 2025342$1.62BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2024SEC
Q4 2024Jan 24, 2025353$1.83BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2024SEC
Q3 2024Oct 22, 2024330$1.78BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2024SEC
Q2 2024Jul 24, 2024318$1.66BSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFSchwab Fundamental U.S. Large Company ETFvs. Q1 2024SEC
Q1 2024Apr 23, 2024302$1.56BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2023SEC
Q4 2023Feb 5, 2024277$1.39BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2023SEC
Q3 2023Oct 31, 2023258$1.22BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2023SEC
Q2 2023Aug 2, 2023262$1.21BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2023SEC
Q1 2023Apr 24, 2023256$1.11BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2022SEC
Q4 2022Jan 27, 2023193$1.01BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2022SEC
Q3 2022Oct 24, 2022216$922.4MSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2022SEC
Q2 2022Jul 15, 2022220$945.8MSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2022SEC
Q1 2022Apr 7, 2022213$1.06BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2021SEC
Q4 2021Jan 7, 2022193$1.01BSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2021SEC
Q3 2021Oct 5, 2021179$900.3MSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2021SEC
Q2 2021Aug 2, 2021176$881.4MSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2021SEC
Q1 2021Apr 26, 2021160$709.3MSchwab U.S. Large-Cap ETFSchwab Fundamental U.S. Large Company ETFSchwab U.S. Large-Cap Growth ETF–SEC