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Livermore
Livermore
ZHEN

Allied Investment Advisors, LLC

SEC CIK
0001729869
Latest filing
Jul 20, 2026

The latest 13F from Allied Investment Advisors, LLC covers Q2 2026 (filed Jul 20, 2026): 110 long positions worth $796.5M. The top 10 holdings make up 35.8% of the portfolio, and the largest is Schwab US Dividend Equity ETF at 7.5%. 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
13
Est. +$65.4M
Added
50
Est. +$38.7M
Reduced
20
Est. −$23.9M
Sold out
3
Est. −$22.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab US Dividend Equity ETF808524797
    7.5%$59.3M
  2. Vanguard Health Care ETF92204A504
    6.8%$54.1M
  3. MSFTMicrosoft Corp
    3.2%$25.4MHistory
  4. JPMJPMorgan Chase & Co
    2.9%$23.1MHistory
  5. CATCaterpillar Inc
    2.7%$21.4MHistory

Share of portfolio

Top 5 holdings and the other 105 positions, by share of portfolio value

  1. Schwab US Dividend Equity ETF7.5%
  2. Vanguard Health Care ETF6.8%
  3. MSFT3.2%
  4. JPM2.9%
  5. CAT2.7%
  6. Other 105 positions77.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Short-Term Bond ETF921937827
    +$21.3MNew
  2. XOMExxonMobil Holdings Corp
    +$17.5MNewHistory
  3. Vanguard Scottsdale FDS92206C409
    +$12.1MNew
  4. Vanguard Intermediate-Term Bond ETF921937819
    +$11.9MNew
  5. BABoeing Co
    +$10.6MAddedHistory

Largest weight increases

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

  1. Vanguard Short-Term Bond ETF921937827
    +2.68 pp0.0% → 2.7%
  2. XOMExxonMobil Holdings Corp
    +2.20 pp0.0% → 2.2%History
  3. Vanguard Scottsdale FDS92206C409
    +1.52 pp0.0% → 1.5%
  4. Vanguard Intermediate-Term Bond ETF921937819
    +1.50 pp0.0% → 1.5%
  5. BABoeing Co
    +1.33 pp0.1% → 1.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$21.4MSold outHistory
  2. CATCaterpillar Inc
    −$19.9MReducedHistory
  3. AAONAaon, Inc.
    −$1.30MReducedHistory
  4. STTState Street Corp
    −$894.6KReducedHistory
  5. NVDANVIDIA Corp
    −$465.6KReducedHistory

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −3.08 pp3.1% → 0.0%History
  2. CATCaterpillar Inc
    −1.25 pp3.9% → 2.7%History
  3. WMTWalmart Inc.
    −0.08 pp0.4% → 0.3%History
  4. iShares Inc46434G848
    −0.06 pp0.6% → 0.5%
  5. EMREmerson Electric Co
    −0.06 pp0.5% → 0.4%History

Metrics

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

Portfolio value
$796.5M
+$99.1M (+14.2%) vs. prior quarter
Positions
110
+10 vs. prior quarter
Top 10 concentration
35.8%
Top 10 as share of value
Turnover
6.1%
Q2 2026, one quarter
Average holding period
16.3 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 $796.5M (Q2 2026)

Q1 2021: $233.5MQ2 2021: $265.5MQ3 2021: $264.4MQ4 2021: $292.3MQ1 2022: $307.0MQ2 2022: $278.8MQ3 2022: $268.1MQ4 2022: $319.8MQ1 2023: $322.8MQ2 2023: $345.1MQ3 2023: $334.2MQ4 2023: $367.6MQ1 2024: $414.2MQ2 2024: $426.2MQ3 2024: $504.9MQ4 2024: $496.2MQ1 2025: $527.4MQ2 2025: $571.9MQ3 2025: $628.3MQ4 2025: $646.8MQ1 2026: $697.4MQ2 2026: $796.5M
Q1 2021Q2 2026
13F filings of Allied Investment Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026110$796.5MSchwab US Dividend Equity ETFVanguard Health Care ETFMSFTvs. Q1 2026SEC
Q1 2026Apr 27, 2026100$697.4MSchwab US Dividend Equity ETFVanguard Health Care ETFCATvs. Q4 2025SEC
Q4 2025Feb 9, 2026102$646.8MSchwab US Dividend Equity ETFVanguard Health Care ETFMSFTvs. Q3 2025SEC
Q3 2025Nov 4, 202597$628.3MSchwab US Dividend Equity ETFVanguard Health Care ETFMSFTvs. Q2 2025SEC
Q2 2025Jul 31, 202587$571.9MSchwab US Dividend Equity ETFVanguard Health Care ETFMSFTvs. Q1 2025SEC
Q1 2025Apr 8, 202586$527.4MSchwab US Dividend Equity ETFVanguard Health Care ETFMSFTvs. Q4 2024SEC
Q4 2024Jan 31, 202579$496.2MSchwab US Dividend Equity ETFVanguard Health Care ETFMSFTvs. Q3 2024SEC
Q3 2024Oct 4, 202474$504.9MSchwab US Dividend Equity ETFVanguard Health Care ETFMSFTvs. Q2 2024SEC
Q2 2024Jul 12, 202474$426.2MVanguard Health Care ETFMSFTVanguard Utilities ETFvs. Q1 2024SEC
Q1 2024Apr 11, 202470$414.2MVanguard Health Care ETFMSFTVanguard Utilities ETFvs. Q4 2023SEC
Q4 2023Jan 10, 202463$367.6MVanguard Health Care ETFMSFTVanguard Utilities ETFvs. Q3 2023SEC
Q3 2023Oct 5, 202358$334.2MVanguard Health Care ETFMSFTAAPLvs. Q2 2023SEC
Q2 2023Jul 11, 202359$345.1MVanguard Health Care ETFMSFTAAPLvs. Q1 2023SEC
Q1 2023Apr 18, 202358$322.8MVanguard Health Care ETFMSFTAAPLvs. Q4 2022SEC
Q4 2022Jan 13, 202357$319.8MVanguard Health Care ETFMSFTCVXvs. Q3 2022SEC
Q3 2022Oct 13, 202255$268.1MVanguard Health Care ETFMSFTAAPLvs. Q2 2022SEC
Q2 2022Jul 13, 202255$278.8MVanguard Health Care ETFMSFTAAPLvs. Q1 2022SEC
Q1 2022Apr 11, 202262$307.0MVanguard Health Care ETFMSFTAAPLvs. Q4 2021SEC
Q4 2021Jan 20, 202261$292.3MVanguard Health Care ETFMSFTAAPLvs. Q3 2021SEC
Q3 2021Oct 13, 202156$264.4MVanguard Health Care ETFMSFTAAPLvs. Q2 2021SEC
Q2 2021Jul 16, 202156$265.5MVanguard Health Care ETFMSFTAAPLvs. Q1 2021SEC
Q1 2021Apr 20, 202152$233.5MVanguard Health Care ETFMSFTAAPL–SEC