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Livermore
Livermore
ZHEN

SJA Financial Advisory, LLC

SEC CIK
0001697024
Latest filing
Aug 12, 2026

The latest 13F from SJA Financial Advisory, LLC covers Q2 2026 (filed Aug 12, 2026): 43 long positions worth $163.8M. The top 10 holdings make up 71.1% of the portfolio, and the largest is iShares Core MSCI Eafe ETF at 15.4%. 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
3
Est. +$736.5K
Added
10
Est. +$673.8K
Reduced
29
Est. −$2.04M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core MSCI Eafe ETF46432F842
    15.4%$25.2M
  2. iShares Core S&P 500 ETF464287200
    10.5%$17.2M
  3. iShares S&P 500 Growth ETF464287309
    7.2%$11.9M
  4. iShares S&P 500 Value ETF464287408
    7.1%$11.7M
  5. Vanguard Total Bond Market ETF921937835
    7.0%$11.5M

Share of portfolio

Top 5 holdings and the other 38 positions, by share of portfolio value

  1. iShares Core MSCI Eafe ETF15.4%
  2. iShares Core S&P 500 ETF10.5%
  3. iShares S&P 500 Growth ETF7.2%
  4. iShares S&P 500 Value ETF7.1%
  5. Vanguard Total Bond Market ETF7.0%
  6. Other 38 positions52.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Total Bond Market ETF921937835
    +$368.4KAdded
  2. AAPLApple Inc.
    +$267.2KNewHistory
  3. AEPAmerican Electric Power Co Inc
    +$257.9KNewHistory
  4. iShares Core MSCI Eafe ETF46432F842
    +$227.6KAdded
  5. SPDR Series Trust78464A201
    +$211.4KNew

Largest weight increases

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

  1. AAPLApple Inc.
    +0.16 pp0.0% → 0.2%History
  2. AEPAmerican Electric Power Co Inc
    +0.16 pp0.0% → 0.2%History
  3. SPDR Series Trust78464A201
    +0.13 pp0.0% → 0.1%
  4. Schwab U.S. Large-Cap Value ETF808524409
    +0.07 pp1.8% → 1.9%
  5. iShares Tr464287622
    +0.04 pp1.5% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core MSCI Emerging Markets ETF46434G103
    −$393.1KReduced
  2. iShares S&P 500 Growth ETF464287309
    −$323.9KReduced
  3. iShares Core S&P 500 ETF464287200
    −$297.3KReduced
  4. iShares S&P Mid-Cap 400 Growth ETF464287606
    −$237.3KReduced
  5. Vanguard Ftse Developed Markets ETF921943858
    −$144.8KReduced

Largest weight decreases

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

  1. iShares S&P 500 Value ETF464287408
    −0.36 pp7.5% → 7.1%
  2. Vanguard Ftse Developed Markets ETF921943858
    −0.11 pp4.3% → 4.2%
  3. iShares Tr464287739
    −0.07 pp1.4% → 1.3%
  4. iShares Core MSCI Total International Stock ETF46432F834
    −0.03 pp0.7% → 0.7%
  5. iShares S&P Mid-Cap 400 Value ETF464287705
    −0.02 pp4.0% → 4.0%

Metrics

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

Portfolio value
$163.8M
+$17.3M (+11.8%) vs. prior quarter
Positions
43
+3 vs. prior quarter
Top 10 concentration
71.1%
Top 10 as share of value
Turnover
0.9%
Q2 2026, one quarter
Average holding period
20.9 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

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

Peak $163.8M (Q2 2026)

Q1 2021: $128.7MQ2 2021: $132.8MQ3 2021: $129.3MQ4 2021: $140.3MQ1 2022: $134.9MQ2 2022: $107.2MQ3 2022: $99.8MQ4 2022: $111.3MQ1 2023: $114.6MQ2 2023: $117.1MQ3 2023: $108.1MQ4 2023: $129.6MQ1 2024: $137.3MQ2 2024: $137.3MQ3 2024: $147.7MQ4 2024: $139.8MQ1 2025: $134.0MQ2 2025: $147.2MQ3 2025: $148.3MQ4 2025: $149.4MQ1 2026: $146.4MQ2 2026: $163.8M
Q1 2021Q2 2026
13F filings of SJA Financial Advisory, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202643$163.8MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Growth ETFvs. Q1 2026SEC
Q1 2026May 4, 202640$146.4MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFVanguard Total Bond Market ETFvs. Q4 2025SEC
Q4 2025Feb 13, 202641$149.4MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFVanguard Total Bond Market ETFvs. Q3 2025SEC
Q3 2025Nov 6, 202541$148.3MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFVanguard Total Bond Market ETFvs. Q2 2025SEC
Q2 2025Aug 6, 202540$147.2MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFVanguard Total Bond Market ETFvs. Q1 2025SEC
Q1 2025May 14, 202539$134.0MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFVanguard Total Bond Market ETFvs. Q4 2024SEC
Q4 2024Feb 3, 202541$139.8MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q3 2024SEC
Q3 2024Nov 25, 202442$147.7MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q2 2024SEC
Q2 2024Aug 1, 202440$137.3MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q1 2024SEC
Q1 2024May 10, 202440$137.3MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q4 2023SEC
Q4 2023Feb 14, 202439$129.6MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q3 2023SEC
Q3 2023Nov 15, 202336$108.1MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q2 2023SEC
Q2 2023Aug 14, 202340$117.1MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q1 2023SEC
Q1 2023Apr 28, 202341$114.6MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202343$111.3MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q3 2022SEC
Q3 2022Feb 14, 202339$99.8MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q2 2022SEC
Q2 2022Aug 3, 202239$107.2MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q1 2022SEC
Q1 2022Apr 21, 202249$134.9MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q4 2021SEC
Q4 2021Feb 16, 202248$140.3MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q3 2021SEC
Q3 2021Nov 8, 202146$129.3MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q2 2021SEC
Q2 2021Jul 21, 202147$132.8MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETFvs. Q1 2021SEC
Q1 2021May 14, 202144$128.7MiShares Core MSCI Eafe ETFiShares Core S&P 500 ETFiShares S&P 500 Value ETF–SEC