Skip to main content
Livermore
Livermore
ZHEN

FLC Capital Advisors

SEC CIK
0001713697
Latest filing
Jul 20, 2026

The latest 13F from FLC Capital Advisors covers Q2 2026 (filed Jul 20, 2026): 229 long positions worth $609.6M. The top 10 holdings make up 47.1% of the portfolio, and the largest is Vanguard Morningstar Value ETF at 7.7%. 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
29
Est. +$18.9M
Added
50
Est. +$19.0M
Reduced
82
Est. −$12.2M
Sold out
14
Est. −$13.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Value ETF922908744
    7.7%$47.1M
  2. Schwab Strategic Tr808524862
    7.4%$45.0M
  3. Schwab Intermediate-Term US Treasury ETF808524854
    7.2%$44.1M
  4. Schwab U.S. Large-Cap Growth ETF808524300
    6.5%$39.5M
  5. Schwab International Equity ETF808524805
    4.1%$25.2M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46429B747
    +$10.7MNew
  2. Schwab Intermediate-Term US Treasury ETF808524854
    +$4.02MAdded
  3. Schwab Strategic Tr808524862
    +$3.48MAdded
  4. SPDR Series Trust78464A664
    +$2.20MAdded
  5. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$1.42MAdded

Largest weight increases

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

  1. iShares Tr46429B747
    +1.75 pp0.0% → 1.7%
  2. Schwab U.S. Large-Cap Growth ETF808524300
    +0.43 pp6.1% → 6.5%
  3. INTCIntel Corp
    +0.20 pp0.1% → 0.3%History
  4. Vanguard Morningstar Value ETF922908744
    +0.16 pp7.6% → 7.7%
  5. FSUNFirstsun Capital Bancorp
    +0.15 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Series Trust78464A516
    −$9.46MSold out
  2. AAPLApple Inc.
    −$2.58MReducedHistory
  3. FFWMFirst Foundation Inc.
    −$852.9KSold outHistory
  4. iShares Inc46434G764
    −$805.9KReduced
  5. BRK.BBerkshire Hathaway Inc
    −$803.1KReducedHistory

Largest weight decreases

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

  1. SPDR Series Trust78464A516
    −1.72 pp1.7% → 0.0%
  2. CVXChevron Corp
    −0.52 pp1.7% → 1.2%History
  3. XOMExxonMobil Holdings Corp
    −0.38 pp1.3% → 0.9%History
  4. AAPLApple Inc.
    −0.31 pp3.7% → 3.4%History
  5. BRK.BBerkshire Hathaway Inc
    −0.16 pp0.6% → 0.4%History

Metrics

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

Portfolio value
$609.6M
+$58.2M (+10.6%) vs. prior quarter
Positions
229
+15 vs. prior quarter
Top 10 concentration
47.1%
Top 10 as share of value
Turnover
4.3%
Q2 2026, one quarter
Average holding period
16.7 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 $609.6M (Q2 2026)

Q1 2021: $319.5MQ2 2021: $339.8MQ3 2021: $339.1MQ4 2021: $359.9MQ1 2022: $356.4MQ2 2022: $300.1MQ3 2022: $287.9MQ4 2022: $321.5MQ1 2023: $327.0MQ2 2023: $341.8MQ3 2023: $330.1MQ4 2023: $371.0MQ1 2024: $395.9MQ2 2024: $406.5MQ3 2024: $433.4MQ4 2024: $434.5MQ1 2025: $445.7MQ2 2025: $483.6MQ3 2025: $516.3MQ4 2025: $541.7MQ1 2026: $551.3MQ2 2026: $609.6M
Q1 2021Q2 2026
13F filings of FLC Capital Advisors by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026229$609.6MVanguard Morningstar Value ETFSchwab Strategic TrSchwab Intermediate-Term US Treasury ETFvs. Q1 2026SEC
Q1 2026May 4, 2026214$551.3MSchwab Strategic TrVanguard Morningstar Value ETFSchwab Intermediate-Term US Treasury ETFvs. Q4 2025SEC
Q4 2025Feb 11, 2026209$541.7MSchwab Strategic TrSchwab Intermediate-Term US Treasury ETFVanguard Morningstar Value ETFvs. Q3 2025SEC
Q3 2025Oct 17, 2025211$516.3MSchwab Strategic TrSchwab Intermediate-Term US Treasury ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2025SEC
Q2 2025Jul 29, 2025201$483.6MSchwab Strategic TrSchwab Intermediate-Term US Treasury ETFVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025May 5, 2025184$445.7MVanguard Morningstar Value ETFSchwab Intermediate-Term US Treasury ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2024SEC
Q4 2024Jan 16, 2025174$434.5MSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFSchwab Strategic Trvs. Q3 2024SEC
Q3 2024Oct 16, 2024172$433.4MSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFSchwab Intermediate-Term US Treasury ETFvs. Q2 2024SEC
Q2 2024Jul 15, 2024168$406.5MSchwab U.S. Large-Cap Growth ETFSchwab Strategic TrSchwab Intermediate-Term US Treasury ETFvs. Q1 2024SEC
Q1 2024May 6, 2024164$395.9MSchwab Strategic TrSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023Jan 18, 2024153$371.0MSchwab Strategic TrSchwab U.S. Large-Cap Growth ETFSchwab Intermediate-Term US Treasury ETFvs. Q3 2023SEC
Q3 2023Jan 18, 2024145$330.1MSchwab Strategic TrSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFvs. Q2 2023SEC
Q2 2023Aug 11, 2023148$341.8MSchwab Strategic TrSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFvs. Q1 2023SEC
Q1 2023Apr 27, 2023152$327.0MSchwab Strategic TrSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Value ETFvs. Q4 2022SEC
Q4 2022Jan 30, 2023159$321.5MSchwab Strategic TrSchwab Intermediate-Term US Treasury ETFVanguard Morningstar Value ETFvs. Q3 2022SEC
Q3 2022Oct 14, 2022154$287.9MState Street SPDR Portfolio S&P 500 ETFiShares TrSchwab Strategic Trvs. Q2 2022SEC
Q2 2022Jul 27, 2022151$300.1MiShares TrState Street SPDR Portfolio S&P 500 ETFSchwab US Aggregate Bond ETFvs. Q1 2022SEC
Q1 2022Apr 25, 2022162$356.4MiShares TrState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q4 2021SEC
Q4 2021Jan 26, 2022169$359.9MiShares TriShares U.S. Treasury Bond ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 13, 2021171$339.1MiShares U.S. Treasury Bond ETFiShares TriShares Core S&P 500 ETFvs. Q2 2021SEC
Q2 2021Aug 12, 2021168$339.8MiShares U.S. Treasury Bond ETFiShares TriShares Core S&P 500 ETFvs. Q1 2021SEC
Q1 2021Apr 23, 2021160$319.5MiShares U.S. Treasury Bond ETFiShares TriShares Core S&P 500 ETF–SEC