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Livermore
Livermore
ZHEN

LWM Advisory Services, LLC

SEC CIK
0001697716
Latest filing
Aug 3, 2026

The latest 13F from LWM Advisory Services, LLC covers Q2 2026 (filed Aug 3, 2026): 80 long positions worth $56.0M. The top 10 holdings make up 41.1% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 10.6%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
22
Est. +$10.6M
Added
7
Est. +$302.1K
Reduced
35
Est. −$41.7M
Sold out
18
Est. −$12.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    10.6%$5.96MHistory
  2. AAPLApple Inc.
    8.0%$4.48MHistory
  3. BRK.BBerkshire Hathaway Inc
    4.1%$2.28MHistory
  4. NVDANVIDIA Corp
    3.3%$1.85MHistory
  5. MSFTMicrosoft Corp
    3.1%$1.72MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Merrimack STR Tr316188309
    +$1.37MNew
  2. J P Morgan Exchange Traded F46641Q670
    +$1.03MNew
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$883.4KNew
  4. iShares Tr46434V282
    +$725.7KNew
  5. American Centy ETF Tr025072703
    +$712.4KNew

Largest weight increases

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

  1. Fidelity Merrimack STR Tr316188309
    +2.44 pp0.0% → 2.4%
  2. J P Morgan Exchange Traded F46641Q670
    +1.84 pp0.0% → 1.8%
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    +1.58 pp0.0% → 1.6%
  4. iShares Tr46434V282
    +1.30 pp0.0% → 1.3%
  5. American Centy ETF Tr025072703
    +1.27 pp0.0% → 1.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPYSPDR S&P 500 ETF Trust
    −$10.4MReducedHistory
  2. AAPLApple Inc.
    −$4.87MReducedHistory
  3. WisdomTree Tr97717Y527
    −$4.19MReduced
  4. J P Morgan Exchange Traded F46654Q559
    −$3.93MSold out
  5. J P Morgan Exchange Traded F46641Q647
    −$3.74MReduced

Largest weight decreases

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

  1. SPYSPDR S&P 500 ETF Trust
    −4.55 pp15.2% → 10.6%History
  2. J P Morgan Exchange Traded F46654Q559
    −4.20 pp4.2% → 0.0%
  3. GLDMWorld Gold Trust
    −3.77 pp4.5% → 0.7%History
  4. WisdomTree Tr97717Y527
    −3.61 pp5.8% → 2.2%
  5. J P Morgan Exchange Traded F46641Q647
    −3.51 pp4.6% → 1.0%

Metrics

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

Portfolio value
$56.0M
−$37.6M (−40.2%) vs. prior quarter
Positions
80
+4 vs. prior quarter
Top 10 concentration
41.1%
Top 10 as share of value
Turnover
14.6%
Q2 2026, one quarter
Average holding period
12.2 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $171.6M (Q3 2025)

Q4 2021: $80.6MQ1 2022: $80.5MQ2 2022: $83.4MQ3 2022: $88.3MQ4 2022: $90.5MQ1 2023: $93.6MQ2 2023: $94.7MQ3 2023: $93.3MQ4 2023: $113.7MQ1 2024: $124.7MQ2 2024: $118.6MQ3 2024: $135.0MQ4 2024: $143.8MQ1 2025: $144.0MQ2 2025: $145.0MQ3 2025: $171.6MQ4 2025: $170.7MQ1 2026: $93.7MQ2 2026: $56.0M
Q4 2021Q2 2026
13F filings of LWM Advisory Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 202680$56.0MSPYAAPLBRK.Bvs. Q1 2026SEC
Q1 2026Apr 29, 202676$93.7MSPYAAPLWisdomTree Trvs. Q4 2025SEC
Q4 2025Feb 12, 202683$170.7MSPYGLDMJ P Morgan Exchange Traded Fvs. Q3 2025SEC
Q3 2025Nov 25, 202593$171.6MSPYJ P Morgan Exchange Traded FGLDMvs. Q2 2025SEC
Q2 2025Aug 14, 202590$145.0MGLDMSPYInvesco Exch Traded FD Tr IIvs. Q1 2025SEC
Q1 2025May 13, 202596$144.0MSPYGLDMInvesco Exch Traded FD Tr IIvs. Q4 2024SEC
Q4 2024Feb 4, 202595$143.8MSPYPacer US Cash Cows 100 ETFAAPLvs. Q3 2024SEC
Q3 2024Nov 13, 202493$135.0MSPYInvesco Exch Traded FD Tr IIPacer US Cash Cows 100 ETFvs. Q2 2024SEC
Q2 2024Aug 8, 202480$118.6MSPYInvesco Exch TRD SLF Idx FDInvesco Exch Traded FD Tr IIvs. Q1 2024SEC
Q1 2024May 9, 202488$124.7MInvesco Exch TRD SLF Idx FDSPYPacer US Cash Cows 100 ETFvs. Q4 2023SEC
Q4 2023Feb 5, 202480$113.7MInvesco Exch TRD SLF Idx FDSPYInvesco Exch Traded FD Tr IIvs. Q3 2023SEC
Q3 2023Nov 2, 2023146$93.3MInvesco Exch TRD SLF Idx FDInvesco Exch Traded FD Tr IIJ P Morgan Exchange Traded Fvs. Q2 2023SEC
Q2 2023Aug 7, 202377$94.7MInvesco Exch TRD SLF Idx FDInvesco Exch Traded FD Tr IIJ P Morgan Exchange Traded Fvs. Q1 2023SEC
Q1 2023May 3, 202378$93.6MInvesco Exch TRD SLF Idx FDInvesco Exch Traded FD Tr IIJ P Morgan Exchange Traded Fvs. Q4 2022SEC
Q4 2022Feb 7, 202380$90.5MInvesco Exch Traded FD Tr IIJ P Morgan Exchange Traded FSsga Active ETF Trvs. Q3 2022SEC
Q3 2022Nov 16, 2022116$88.3MAAPLInvesco Exch Traded FD Tr IISPYvs. Q2 2022SEC
Q2 2022Aug 15, 2022106$83.4MAAPLInvesco Exch Traded FD Tr IISPYvs. Q1 2022SEC
Q1 2022May 9, 2022110$80.5MAAPLSPYMSFTvs. Q4 2021SEC
Q4 2021Feb 18, 2022106$80.6MAAPLSPYMSFT–SEC