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Livermore
Livermore
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Forefront Analytics, LLC

SEC CIK
0001696802
Latest filing
Aug 12, 2026

The latest 13F from Forefront Analytics, LLC covers Q2 2026 (filed Aug 12, 2026): 37 long positions worth $92.0M. The top 10 holdings make up 82.7% of the portfolio, and the largest is Vanguard Ftse Emerging Markets ETF at 11.7%. 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
0
Added
19
Est. +$9.38M
Reduced
15
Est. −$34.0M
Sold out
2
Est. −$264.4K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Ftse Emerging Markets ETF922042858
    11.7%$10.8M
  2. iShares Tr46435G516
    11.6%$10.7M
  3. iShares Inc46434G863
    11.4%$10.5M
  4. iShares Core High Dividend ETF46429B663
    10.2%$9.39M
  5. iShares MSCI USA Momentum Factor ETF46432F396
    9.1%$8.38M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core High Dividend ETF46429B663
    +$7.53MAdded
  2. NVDANVIDIA Corp
    +$1.06MAddedHistory
  3. DHRDanaher Corp
    +$143.2KAddedHistory
  4. PFEPfizer Inc
    +$123.3KAddedHistory
  5. INCYIncyte Corp
    +$97.3KAddedHistory

Largest weight increases

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

  1. iShares MSCI USA Momentum Factor ETF46432F396
    +3.81 pp5.3% → 9.1%
  2. Vanguard Ftse Emerging Markets ETF922042858
    +2.84 pp8.9% → 11.7%
  3. NVDANVIDIA Corp
    +1.99 pp2.3% → 4.2%History
  4. iShares Core High Dividend ETF46429B663
    +1.80 pp8.4% → 10.2%
  5. Vanguard Ftse Developed Markets ETF921943858
    +0.93 pp2.8% → 3.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46435G516
    −$15.4MReduced
  2. iShares Inc46434G863
    −$9.68MReduced
  3. Flexshares Tr33939L688
    −$5.26MReduced
  4. Nushares ETF Tr67092P300
    −$2.74MReduced
  5. UNHUnitedHealth Group Inc
    −$238.6KReducedHistory

Largest weight decreases

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

  1. iShares Tr46435G516
    −10.48 pp22.1% → 11.6%
  2. iShares Inc46434G863
    −3.84 pp15.3% → 11.4%
  3. Flexshares Tr33939L688
    −2.55 pp8.0% → 5.5%
  4. Nushares ETF Tr67092P300
    −0.44 pp8.1% → 7.7%
  5. Dimensional ETF Trust25434V815
    −0.20 pp0.2% → 0.0%

Metrics

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

Portfolio value
$92.0M
−$17.9M (−16.3%) vs. prior quarter
Positions
37
−2 vs. prior quarter
Top 10 concentration
82.7%
Top 10 as share of value
Turnover
9.3%
Q2 2026, one quarter
Average holding period
15.3 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 $298.9M (Q4 2021)

Q1 2021: $234.7MQ2 2021: $252.1MQ3 2021: $274.3MQ4 2021: $298.9MQ1 2022: $269.3MQ2 2022: $206.4MQ3 2022: $187.8MQ4 2022: $187.7MQ1 2023: $194.0MQ2 2023: $175.3MQ3 2023: $176.3MQ4 2023: $202.6MQ1 2024: $206.2MQ2 2024: $208.9MQ3 2024: $212.0MQ4 2024: $215.0MQ1 2025: $86.9MQ2 2025: $89.5MQ3 2025: $103.8MQ4 2025: $113.3MQ1 2026: $110.0MQ2 2026: $92.0M
Q1 2021Q2 2026
13F filings of Forefront Analytics, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202637$92.0MVanguard Ftse Emerging Markets ETFiShares TriShares Incvs. Q1 2026SEC
Q1 2026May 13, 202639$110.0MiShares TriShares IncVanguard Ftse Emerging Markets ETFvs. Q4 2025SEC
Q4 2025Feb 17, 202643$113.3MiShares TriShares InciShares MSCI USA Momentum Factor ETFvs. Q3 2025SEC
Q3 2025Nov 21, 202543$103.8MiShares TrNushares ETF TriShares MSCI USA Momentum Factor ETFvs. Q2 2025SEC
Q2 2025Aug 14, 2025Amended43$89.5MNushares ETF TriShares MSCI USA Momentum Factor ETFVanguard Ftse Emerging Markets ETFvs. Q1 2025SEC
Q1 2025May 13, 202545$86.9MNushares ETF TrSPDR Series TrustiShares MSCI USA Momentum Factor ETFvs. Q4 2024SEC
Q4 2024Feb 14, 202564$215.0MNushares ETF TrVanguard Total International Bond ETFiShares Trvs. Q3 2024SEC
Q3 2024Nov 14, 202467$212.0MNushares ETF TrVanguard Ftse Emerging Markets ETFSPYvs. Q2 2024SEC
Q2 2024Aug 15, 202468$208.9MNushares ETF TrVanguard Ftse Emerging Markets ETFSPYvs. Q1 2024SEC
Q1 2024May 15, 202467$206.2MiShares TrNushares ETF TrVanguard Ftse Emerging Markets ETFvs. Q4 2023SEC
Q4 2023Feb 14, 202467$202.6MiShares TrVanguard Ftse Emerging Markets ETFPIMCO ETF Trvs. Q3 2023SEC
Q3 2023Nov 8, 202367$176.3MiShares TrVanguard Ftse Emerging Markets ETFVanguard Ftse Developed Markets ETFvs. Q2 2023SEC
Q2 2023Aug 11, 202365$175.3MiShares TrVanguard Ftse Emerging Markets ETFiShares MSCI USA Momentum Factor ETFvs. Q1 2023SEC
Q1 2023May 12, 202379$194.0MiShares TrVanguard Ftse Emerging Markets ETFiShares MSCI USA Momentum Factor ETFvs. Q4 2022SEC
Q4 2022Feb 13, 202375$187.7MNushares ETF TriShares MSCI USA Momentum Factor ETFVanguard Ftse Emerging Markets ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202266$187.8MNushares ETF TriShares MSCI USA Momentum Factor ETFPIMCO ETF Trvs. Q2 2022SEC
Q2 2022Aug 10, 202266$206.4MNushares ETF TriShares MSCI USA Momentum Factor ETFPIMCO ETF Trvs. Q1 2022SEC
Q1 2022May 9, 202270$269.3MiShares MSCI USA Momentum Factor ETFPIMCO ETF TriShares Trvs. Q4 2021SEC
Q4 2021Feb 11, 202264$298.9MiShares MSCI USA Momentum Factor ETFPIMCO ETF TrInvesco Exch Traded FD Tr IIvs. Q3 2021SEC
Q3 2021Nov 15, 202166$274.3MInvesco Exch Traded FD Tr IIiShares MSCI USA Momentum Factor ETFDBX ETF Trvs. Q2 2021SEC
Q2 2021Aug 10, 202166$252.1MiShares MSCI USA Momentum Factor ETFFirst Tr Exchange-Traded FDDBX ETF Trvs. Q1 2021SEC
Q1 2021May 13, 202167$234.7MiShares MSCI USA Momentum Factor ETFFirst Tr Exchange-Traded FDDBX ETF Tr–SEC