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Livermore
Livermore
ZHEN

All Terrain Financial Advisors, LLC

SEC CIK
0001731358
Latest filing
Aug 11, 2026

The latest 13F from All Terrain Financial Advisors, LLC covers Q2 2026 (filed Aug 11, 2026): 106 long positions worth $475.8M. The top 10 holdings make up 60.6% of the portfolio, and the largest is iShares Russell 2000 ETF at 16.8%. 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
17
Est. +$35.6M
Added
30
Est. +$85.3M
Reduced
28
Est. −$6.65M
Sold out
7
Est. −$5.37M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Russell 2000 ETF464287655
    16.8%$79.8M
  2. SPYSPDR S&P 500 ETF Trust
    15.5%$73.7MHistory
  3. LOWLowes Companies Inc
    5.5%$26.4MHistory
  4. iShares Tr464287234
    5.3%$25.3M
  5. AAPLApple Inc.
    4.1%$19.3MHistory

Share of portfolio

Top 5 holdings and the other 101 positions, by share of portfolio value

  1. iShares Russell 2000 ETF16.8%
  2. SPY15.5%
  3. LOW5.5%
  4. iShares Tr5.3%
  5. AAPL4.1%
  6. Other 101 positions52.8%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Russell 2000 ETF464287655
    +$39.8MAdded
  2. iShares Tr464287234
    +$18.2MAdded
  3. iShares Tips Bond ETF464287176
    +$9.44MNew
  4. BXSLBlackstone Secured Lending Fund
    +$9.25MNewHistory
  5. VanEck ETF Trust92189F486
    +$6.60MAdded

Largest weight increases

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

  1. iShares Russell 2000 ETF464287655
    +6.47 pp10.3% → 16.8%
  2. iShares Tr464287234
    +3.47 pp1.8% → 5.3%
  3. iShares Tips Bond ETF464287176
    +1.98 pp0.0% → 2.0%
  4. BXSLBlackstone Secured Lending Fund
    +1.94 pp0.0% → 1.9%History
  5. BlackRock ETF Trust II092528819
    +1.28 pp0.0% → 1.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. INTCIntel Corp
    −$5.17MReducedHistory
  2. HONHoneywell International Inc
    −$3.67MSold outHistory
  3. LWLamb Weston Holdings, Inc.
    −$473.3KSold outHistory
  4. TTDTrade Desk, Inc.
    −$378.9KSold outHistory
  5. UNHUnitedHealth Group Inc
    −$373.2KReducedHistory

Largest weight decreases

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

  1. AAPLApple Inc.
    −1.24 pp5.3% → 4.1%History
  2. HONHoneywell International Inc
    −1.14 pp1.1% → 0.0%History
  3. DIASPDR Dow Jones Industrial Average ETF Trust
    −1.10 pp4.6% → 3.5%History
  4. iShares Core U.S. Aggregate Bond ETF464287226
    −0.75 pp2.3% → 1.5%
  5. State Street SPDR Portfolio Short Term Corporate Bond ETF78464A474
    −0.53 pp1.6% → 1.0%

Metrics

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

Portfolio value
$475.8M
+$155.1M (+48.4%) vs. prior quarter
Positions
106
+10 vs. prior quarter
Top 10 concentration
60.6%
Top 10 as share of value
Turnover
3.0%
Q2 2026, one quarter
Average holding period
18.6 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

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

Peak $475.8M (Q2 2026)

Q1 2021: $209.2MQ2 2021: $207.4MQ3 2021: $217.4MQ4 2021: $235.4MQ1 2022: $221.3MQ2 2022: $194.7MQ3 2022: $186.2MQ4 2022: $197.0MQ1 2023: $206.6MQ2 2023: $222.1MQ3 2023: $197.6MQ4 2023: $216.9MQ1 2024: $232.0MQ2 2024: $237.8MQ3 2024: $261.2MQ4 2024: $256.9MQ1 2025: $256.6MQ2 2025: $275.7MQ3 2025: $310.1MQ4 2025: $325.7MQ1 2026: $320.7MQ2 2026: $475.8M
Q1 2021Q2 2026
13F filings of All Terrain Financial Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026106$475.8MiShares Russell 2000 ETFSPYLOWvs. Q1 2026SEC
Q1 2026May 12, 202696$320.7MSPYiShares Russell 2000 ETFLOWvs. Q4 2025SEC
Q4 2025Feb 11, 202697$325.7MSPYiShares Russell 2000 ETFLOWvs. Q3 2025SEC
Q3 2025Nov 12, 202594$310.1MSPYLOWiShares Russell 2000 ETFvs. Q2 2025SEC
Q2 2025Aug 13, 202586$275.7MSPYLOWiShares Russell 2000 ETFvs. Q1 2025SEC
Q1 2025May 15, 202582$256.6MSPYLOWiShares Russell 2000 ETFvs. Q4 2024SEC
Q4 2024Feb 14, 202584$256.9MSPYLOWiShares Russell 2000 ETFvs. Q3 2024SEC
Q3 2024Nov 13, 202480$261.2MSPYLOWiShares Russell 2000 ETFvs. Q2 2024SEC
Q2 2024Aug 8, 202482$237.8MSPYLOWiShares Russell 2000 ETFvs. Q1 2024SEC
Q1 2024May 15, 202481$232.0MSPYLOWiShares Russell 2000 ETFvs. Q4 2023SEC
Q4 2023Feb 14, 202477$216.9MSPYLOWiShares Russell 2000 ETFvs. Q3 2023SEC
Q3 2023Nov 14, 202373$197.6MSPYLOWiShares Russell 2000 ETFvs. Q2 2023SEC
Q2 2023Aug 4, 202376$222.1MSPYLOWiShares Russell 2000 ETFvs. Q1 2023SEC
Q1 2023May 12, 202372$206.6MSPYLOWiShares Russell 2000 ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202374$197.0MSPYLOWiShares Russell 2000 ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202268$186.2MSPYLOWiShares Russell 2000 ETFvs. Q2 2022SEC
Q2 2022Aug 15, 202273$194.7MSPYLOWiShares Russell 2000 ETFvs. Q1 2022SEC
Q1 2022May 16, 202281$221.3MSPYLOWiShares Russell 2000 ETFvs. Q4 2021SEC
Q4 2021Feb 14, 202276$235.4MSPYLOWiShares Russell 2000 ETFvs. Q3 2021SEC
Q3 2021Nov 12, 202176$217.4MSPYLOWiShares Russell 2000 ETFvs. Q2 2021SEC
Q2 2021Aug 13, 202182$207.4MSPYiShares Russell 2000 ETFAAPLvs. Q1 2021SEC
Q1 2021May 13, 202176$209.2MSPYLOWiShares Russell 2000 ETF–SEC