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Livermore
Livermore
ZHEN

Unison Advisors LLC

SEC CIK
0001695818
Latest filing
Jul 22, 2026

The latest 13F from Unison Advisors LLC covers Q2 2026 (filed Jul 22, 2026): 173 long positions worth $1.43B. The top 10 holdings make up 69.5% of the portfolio, and the largest is Vanguard Mun BD FDS at 16.8%. 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
10
Est. +$34.5M
Added
139
Est. +$16.0M
Reduced
5
Est. −$637.6K
Sold out
12
Est. −$32.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Mun BD FDS922907738
    16.8%$240.9M
  2. Vanguard Morningstar Value ETF922908744
    12.3%$176.5M
  3. American Centy ETF Tr025072877
    11.6%$166.7M
  4. iShares MSCI USA Quality Factor ETF46432F339
    9.4%$134.4M
  5. American Centy ETF Tr025072802
    6.0%$85.7M

Share of portfolio

Top 5 holdings and the other 168 positions, by share of portfolio value

  1. Vanguard Mun BD FDS16.8%
  2. Vanguard Morningstar Value ETF12.3%
  3. American Centy ETF Tr11.6%
  4. iShares MSCI USA Quality Factor ETF9.4%
  5. American Centy ETF Tr6.0%
  6. Other 168 positions43.9%

Biggest buys

New and added positions, by estimated amount bought

  1. QCOMQualcomm Inc
    +$5.20MNewHistory
  2. DALDelta Air Lines, Inc.
    +$5.15MNewHistory
  3. MPCMarathon Petroleum Corp
    +$4.19MNewHistory
  4. DVNDevon Energy Corp
    +$3.93MNewHistory
  5. PSXPhillips 66
    +$3.89MNewHistory

Largest weight increases

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

  1. iShares MSCI USA Quality Factor ETF46432F339
    +0.59 pp8.8% → 9.4%
  2. American Centy ETF Tr025072877
    +0.48 pp11.1% → 11.6%
  3. Vanguard Morningstar Value ETF922908744
    +0.41 pp11.9% → 12.3%
  4. Dimensional ETF Trust25434V757
    +0.40 pp2.3% → 2.7%
  5. QCOMQualcomm Inc
    +0.36 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMDAdvanced Micro Devices Inc
    −$7.12MSold outHistory
  2. CSCOCisco Systems, Inc.
    −$5.29MSold outHistory
  3. DOWDow Inc.
    −$3.13MSold outHistory
  4. LHLabcorp Holdings Inc.
    −$3.02MSold outHistory
  5. EMREmerson Electric Co
    −$2.84MSold outHistory

Largest weight decreases

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

  1. AMDAdvanced Micro Devices Inc
    −0.54 pp0.5% → 0.0%History
  2. CSCOCisco Systems, Inc.
    −0.40 pp0.4% → 0.0%History
  3. DOWDow Inc.
    −0.24 pp0.2% → 0.0%History
  4. LHLabcorp Holdings Inc.
    −0.23 pp0.2% → 0.0%History
  5. EMREmerson Electric Co
    −0.22 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$1.43B
+$116.3M (+8.8%) vs. prior quarter
Positions
173
−2 vs. prior quarter
Top 10 concentration
69.5%
Top 10 as share of value
Turnover
2.4%
Q2 2026, one quarter
Average holding period
17.0 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 $1.43B (Q2 2026)

Q1 2021: $520.4MQ2 2021: $536.7MQ3 2021: $400.7MQ4 2021: $414.0MQ1 2022: $414.7MQ2 2022: $387.9MQ3 2022: $540.1MQ4 2022: $768.5MQ1 2023: $900.5MQ2 2023: $901.1MQ3 2023: $850.4MQ4 2023: $943.0MQ1 2024: $1.01BQ2 2024: $796.8MQ3 2024: $831.3MQ4 2024: $840.0MQ1 2025: $786.0MQ2 2025: $893.6MQ3 2025: $1.10BQ4 2025: $1.14BQ1 2026: $1.32BQ2 2026: $1.43B
Q1 2021Q2 2026
13F filings of Unison Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026173$1.43BVanguard Mun BD FDSVanguard Morningstar Value ETFAmerican Centy ETF Trvs. Q1 2026SEC
Q1 2026Apr 28, 2026175$1.32BVanguard Mun BD FDSVanguard Morningstar Value ETFAmerican Centy ETF Trvs. Q4 2025SEC
Q4 2025Jan 21, 2026177$1.14BVanguard Mun BD FDSAmerican Centy ETF TrAmerican Centy ETF Trvs. Q3 2025SEC
Q3 2025Nov 5, 2025175$1.10BVanguard Mun BD FDSAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q2 2025SEC
Q2 2025Jul 29, 2025177$893.6MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025May 6, 2025175$786.0MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Feb 12, 2025180$840.0MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q3 2024SEC
Q3 2024Oct 9, 2024179$831.3MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q2 2024SEC
Q2 2024Jul 12, 2024180$796.8MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q1 2024SEC
Q1 2024Apr 12, 2024179$1.01BAmerican Centy ETF TrAmerican Centy ETF TriShares Trvs. Q4 2023SEC
Q4 2023Jan 19, 2024179$943.0MAmerican Centy ETF TrAmerican Centy ETF TriShares Trvs. Q3 2023SEC
Q3 2023Oct 5, 2023180$850.4MAmerican Centy ETF TrAmerican Centy ETF TrSchwab Fundamental Emerging Markets Equity ETFvs. Q2 2023SEC
Q2 2023Jul 28, 2023178$901.1MAmerican Centy ETF TrAmerican Centy ETF TrSchwab Fundamental Emerging Markets Equity ETFvs. Q1 2023SEC
Q1 2023Apr 14, 2023179$900.5MAmerican Centy ETF TrAmerican Centy ETF TrSchwab Fundamental Emerging Markets Equity ETFvs. Q4 2022SEC
Q4 2022Jan 24, 2023181$768.5MAmerican Centy ETF TrAmerican Centy ETF TrSchwab Fundamental Emerging Markets Equity ETFvs. Q3 2022SEC
Q3 2022Oct 14, 2022182$540.1MAmerican Centy ETF TrAmerican Centy ETF TriShares Trvs. Q2 2022SEC
Q2 2022Jul 13, 2022181$387.9MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q1 2022SEC
Q1 2022Apr 13, 2022177$414.7MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q4 2021SEC
Q4 2021Jan 27, 2022181$414.0MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q3 2021SEC
Q3 2021Oct 20, 2021182$400.7MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q2 2021SEC
Q2 2021Jul 28, 2021179$536.7MAmerican Centy ETF TrAmerican Centy ETF TrVanguard Morningstar Value ETFvs. Q1 2021SEC
Q1 2021Apr 20, 2021180$520.4MAmerican Centy ETF TrAmerican Centy ETF TrAlps ETF Tr–SEC