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Livermore
Livermore
ZHEN

Financial Advisors Network, Inc.

SEC CIK
0001697856
Latest filing
Aug 14, 2026

The latest 13F from Financial Advisors Network, Inc. covers Q2 2026 (filed Aug 14, 2026): 208 long positions worth $815.6M. The top 10 holdings make up 51.4% of the portfolio, and the largest is Vanguard Total Bond Market ETF at 11.2%. Livermore has 17 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
15
Est. +$4.23M
Added
116
Est. +$27.7M
Reduced
57
Est. −$9.52M
Sold out
11
Est. −$2.47M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Total Bond Market ETF921937835
    11.2%$91.6M
  2. Vanguard Ftse Developed Markets ETF921943858
    8.1%$65.9M
  3. Schwab U.S. Large-Cap Growth ETF808524300
    5.6%$45.8M
  4. Vanguard Morningstar Value ETF922908744
    5.2%$42.1M
  5. Schwab U.S. Large-Cap Value ETF808524409
    4.7%$38.2M

Share of portfolio

Top 5 holdings and the other 203 positions, by share of portfolio value

  1. Vanguard Total Bond Market ETF11.2%
  2. Vanguard Ftse Developed Markets ETF8.1%
  3. Schwab U.S. Large-Cap Growth ETF5.6%
  4. Vanguard Morningstar Value ETF5.2%
  5. Schwab U.S. Large-Cap Value ETF4.7%
  6. Other 203 positions65.2%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Value ETF922908744
    +$2.70MAdded
  2. GILDGilead Sciences, Inc.
    +$2.50MAddedHistory
  3. Vanguard Ftse Developed Markets ETF921943858
    +$2.28MAdded
  4. Vanguard Ftse Emerging Markets ETF922042858
    +$1.47MAdded
  5. Schwab U.S. Large-Cap Value ETF808524409
    +$1.31MAdded

Largest weight increases

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

  1. PANWPalo Alto Networks Inc
    +0.53 pp0.5% → 1.1%History
  2. Vanguard Morningstar Growth ETF922908736
    +0.35 pp4.0% → 4.3%
  3. Schwab U.S. Large-Cap Growth ETF808524300
    +0.31 pp5.3% → 5.6%
  4. Vanguard Morningstar Value ETF922908744
    +0.26 pp4.9% → 5.2%
  5. NTAPNetApp, Inc.
    +0.24 pp0.6% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Total Bond Market ETF921937835
    −$3.39MReduced
  2. Vanguard Total International Bond ETF92203J407
    −$920.7KReduced
  3. CLMBClimb Global Solutions, Inc.
    −$796.4KReducedHistory
  4. iShares Tr464288281
    −$631.0KReduced
  5. iShares Tr464288513
    −$525.3KReduced

Largest weight decreases

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

  1. Vanguard Total Bond Market ETF921937835
    −1.93 pp13.2% → 11.2%
  2. Vanguard Total International Bond ETF92203J407
    −0.45 pp3.2% → 2.8%
  3. iShares Tr464288281
    −0.30 pp2.5% → 2.2%
  4. iShares Tr464288513
    −0.30 pp2.2% → 1.9%
  5. APAAPA Corp
    −0.20 pp0.6% → 0.4%History

Metrics

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

Portfolio value
$815.6M
+$91.3M (+12.6%) vs. prior quarter
Positions
208
+4 vs. prior quarter
Top 10 concentration
51.4%
Top 10 as share of value
Turnover
1.6%
Q2 2026, one quarter
Average holding period
6.6 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

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

Peak $815.6M (Q2 2026)

Q1 2021: $309.7MQ2 2021: $339.1MQ3 2021: $434.2MQ4 2021: $444.6MQ1 2022: $406.2MQ2 2022: $357.7MQ3 2022: $338.4MQ4 2022: $377.6MQ3 2023: $445.0MQ4 2023: $496.7MQ4 2024: $600.9MQ1 2025: $602.8MQ2 2025: $662.3MQ3 2025: $706.1MQ4 2025: $729.6MQ1 2026: $724.3MQ2 2026: $815.6M
Q1 2021Q2 2026
13F filings of Financial Advisors Network, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026208$815.6MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2026SEC
Q1 2026May 15, 2026204$724.3MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2025SEC
Q4 2025May 15, 2026196$729.6MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2025SEC
Q3 2025Nov 14, 2025196$706.1MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2025SEC
Q2 2025Aug 14, 2025190$662.3MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2025SEC
Q1 2025May 13, 2025184$602.8MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Feb 14, 2025188$600.9MVanguard Total Bond Market ETFVanguard Ftse Developed Markets ETFSchwab U.S. Large-Cap Growth ETF–SEC
Q4 2023Feb 9, 2024177$496.7MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFvs. Q3 2023SEC
Q3 2023Nov 15, 2023162$445.0MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Ftse Developed Markets ETF–SEC
Q4 2022Feb 2, 2023129$377.6MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Ftse Developed Markets ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022115$338.4MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2022SEC
Q2 2022Aug 4, 2022119$357.7MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2022SEC
Q1 2022May 13, 2022126$406.2MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022143$444.6MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q3 2021SEC
Q3 2021Dec 27, 2021150$434.2MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2021SEC
Q2 2021Aug 13, 2021120$339.1MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2021SEC
Q1 2021May 14, 2021111$309.7MVanguard Total Bond Market ETFVanguard Morningstar Value ETFVanguard Ftse Emerging Markets ETF–SEC