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Livermore
Livermore
ZHEN

Financial Life Advisors

SEC CIK
0001730813
Latest filing
Jul 28, 2026

The latest 13F from Financial Life Advisors covers Q2 2026 (filed Jul 28, 2026): 60 long positions worth $351.7M. The top 10 holdings make up 71.4% of the portfolio, and the largest is iShares S&P 500 Growth ETF at 13.2%. 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
10
Est. +$4.69M
Added
20
Est. +$28.9M
Reduced
21
Est. −$31.2M
Sold out
2
Est. −$1.07M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares S&P 500 Growth ETF464287309
    13.2%$46.4M
  2. iShares S&P 500 Value ETF464287408
    10.5%$37.0M
  3. Schwab US Aggregate Bond ETF808524839
    10.3%$36.4M
  4. SPDR Series Trust78464A383
    8.3%$29.0M
  5. BlackRock ETF Trust09290C103
    5.9%$20.8M

Biggest buys

New and added positions, by estimated amount bought

  1. SPDR Series Trust78464A383
    +$5.79MAdded
  2. iShares Tr46434V613
    +$5.20MAdded
  3. BlackRock ETF Trust09290C780
    +$5.12MAdded
  4. BlackRock ETF Trust09290C855
    +$2.74MAdded
  5. Vanguard Ftse Emerging Markets ETF922042858
    +$2.30MAdded

Largest weight increases

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

  1. BlackRock ETF Trust09290C780
    +1.66 pp0.4% → 2.1%
  2. iShares Tr46434V613
    +1.15 pp3.7% → 4.9%
  3. SPDR Series Trust78464A383
    +0.99 pp7.3% → 8.3%
  4. BlackRock ETF Trust09290C855
    +0.83 pp0.4% → 1.3%
  5. Vanguard Ftse Emerging Markets ETF922042858
    +0.68 pp3.8% → 4.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Series Trust78468R606
    −$8.27MReduced
  2. iShares Tr464287721
    −$6.17MReduced
  3. iShares S&P 100 ETF464287101
    −$4.64MReduced
  4. iShares S&P 500 Growth ETF464287309
    −$3.21MReduced
  5. iShares Tr464288653
    −$2.12MReduced

Largest weight decreases

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

  1. SPDR Series Trust78468R606
    −2.57 pp2.6% → 0.1%
  2. iShares S&P 100 ETF464287101
    −1.20 pp2.3% → 1.1%
  3. iShares Tr464287721
    −1.02 pp2.7% → 1.7%
  4. GLDMWorld Gold Trust
    −0.92 pp1.9% → 1.0%History
  5. iShares Tr464288653
    −0.67 pp0.8% → 0.1%

Metrics

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

Portfolio value
$351.7M
+$30.7M (+9.6%) vs. prior quarter
Positions
60
+8 vs. prior quarter
Top 10 concentration
71.4%
Top 10 as share of value
Turnover
9.6%
Q2 2026, one quarter
Average holding period
15.4 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 $351.7M (Q2 2026)

Q1 2021: $214.8MQ2 2021: $232.2MQ3 2021: $239.0MQ4 2021: $254.0MQ1 2022: $241.2MQ2 2022: $213.5MQ3 2022: $199.6MQ4 2022: $216.8MQ1 2023: $232.6MQ2 2023: $239.6MQ3 2023: $232.4MQ4 2023: $232.4MQ1 2024: $239.0MQ2 2024: $246.4MQ3 2024: $264.7MQ4 2024: $266.2MQ1 2025: $268.3MQ2 2025: $292.3MQ3 2025: $311.3MQ4 2025: $324.3MQ1 2026: $321.0MQ2 2026: $351.7M
Q1 2021Q2 2026
13F filings of Financial Life Advisors by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 202660$351.7MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q1 2026SEC
Q1 2026Apr 29, 202652$321.0MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q4 2025SEC
Q4 2025Jan 30, 202653$324.3MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q3 2025SEC
Q3 2025Nov 3, 202547$311.3MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q2 2025SEC
Q2 2025Jul 23, 202548$292.3MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q1 2025SEC
Q1 2025Apr 24, 202551$268.3MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q4 2024SEC
Q4 2024Jan 28, 202546$266.2MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q3 2024SEC
Q3 2024Oct 21, 202448$264.7MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q2 2024SEC
Q2 2024Aug 9, 202457$246.4MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q1 2024SEC
Q1 2024Apr 18, 202460$239.0MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q4 2023SEC
Q4 2023Mar 19, 202458$232.4MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q3 2023SEC
Q3 2023Nov 1, 202355$232.4MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q2 2023SEC
Q2 2023Jul 18, 202360$239.6MiShares S&P 500 Growth ETFiShares S&P 500 Value ETFSchwab US Aggregate Bond ETFvs. Q1 2023SEC
Q1 2023Apr 26, 202369$232.6MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFSchwab US Aggregate Bond ETFvs. Q4 2022SEC
Q4 2022Feb 7, 202370$216.8MiShares S&P 500 Value ETFiShares S&P 500 Growth ETFSchwab US Aggregate Bond ETFvs. Q3 2022SEC
Q3 2022Oct 28, 202269$199.6MiShares TriShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q2 2022SEC
Q2 2022Jul 22, 202251$213.5MiShares TriShares Core MSCI Eafe ETFiShares S&P 500 Value ETFvs. Q1 2022SEC
Q1 2022Apr 20, 202254$241.2MiShares TriShares S&P 500 Value ETFiShares Core MSCI Eafe ETFvs. Q4 2021SEC
Q4 2021Jan 31, 202254$254.0MiShares TriShares Core MSCI Eafe ETFiShares S&P 500 Value ETFvs. Q3 2021SEC
Q3 2021Oct 29, 202154$239.0MiShares TriShares Core MSCI Eafe ETFiShares S&P 500 Value ETFvs. Q2 2021SEC
Q2 2021Aug 9, 202156$232.2MiShares TriShares Core MSCI Eafe ETFiShares S&P 500 Value ETFvs. Q1 2021SEC
Q1 2021May 12, 202152$214.8MiShares TriShares Core MSCI Eafe ETFiShares S&P 500 Value ETF–SEC