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Livermore
Livermore
ZHEN

Certified Advisory Corp

SEC CIK
0001731732
Latest filing
Jul 16, 2026

The latest 13F from Certified Advisory Corp covers Q2 2026 (filed Jul 16, 2026): 327 long positions worth $1.24B. The top 10 holdings make up 24.7% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 4.0%. Livermore has 23 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
22
Est. +$7.62M
Added
148
Est. +$82.0M
Reduced
133
Est. −$63.6M
Sold out
13
Est. −$14.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    4.0%$50.0M
  2. Invesco QQQ Trust Series I46090E103
    3.6%$45.0M
  3. Vanguard Scottsdale FDS92206C409
    2.6%$32.6M
  4. Schwab Fundamental U.S. Large Company ETF808524771
    2.5%$30.5M
  5. Pacer US Cash Cows 100 ETF69374H881
    2.2%$27.9M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Scottsdale FDS92206C409
    +$24.0MAdded
  2. First Tr Exchange-Traded FD33739Q200
    +$10.6MAdded
  3. Schwab Fundamental U.S. Large Company ETF808524771
    +$3.03MAdded
  4. Fidelity Covington Trust316092782
    +$2.95MAdded
  5. J P Morgan Exchange Traded F46641Q159
    +$2.09MAdded

Largest weight increases

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

  1. Vanguard Scottsdale FDS92206C409
    +1.86 pp0.8% → 2.6%
  2. First Tr Exchange-Traded FD33739Q200
    +0.85 pp<0.1% → 0.9%
  3. Vanguard Morningstar Growth ETF922908736
    +0.27 pp3.8% → 4.0%
  4. Schwab Fundamental U.S. Large Company ETF808524771
    +0.25 pp2.2% → 2.5%
  5. iShares Tr46435G102
    +0.24 pp1.6% → 1.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Fidelity Merrimack STR Tr316188309
    −$22.1MReduced
  2. SPDR Series Trust78464A383
    −$9.30MSold out
  3. SPDR Series Trust78464A672
    −$6.60MReduced
  4. Vanguard Intermediate-Term Bond ETF921937819
    −$5.75MReduced
  5. iShares U.S. Medical Devices ETF464288810
    −$4.41MReduced

Largest weight decreases

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

  1. Fidelity Merrimack STR Tr316188309
    −2.00 pp2.1% → 0.1%
  2. SPDR Series Trust78464A383
    −0.83 pp0.8% → 0.0%
  3. SPDR Series Trust78464A672
    −0.67 pp1.3% → 0.6%
  4. Vanguard Intermediate-Term Bond ETF921937819
    −0.67 pp1.9% → 1.2%
  5. iShares U.S. Medical Devices ETF464288810
    −0.46 pp0.6% → 0.2%

Metrics

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

Portfolio value
$1.24B
+$125.1M (+11.2%) vs. prior quarter
Positions
327
+9 vs. prior quarter
Top 10 concentration
24.7%
Top 10 as share of value
Turnover
6.6%
Q2 2026, one quarter
Average holding period
16.9 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 $1.24B (Q2 2026)

Q1 2021: $385.7MQ2 2021: $397.8MQ3 2021: $411.6MQ4 2021: $453.4MQ1 2022: $470.6MQ2 2022: $448.5MQ3 2022: $438.2MQ4 2022: $506.0MQ1 2023: $562.6MQ2 2023: $543.8MQ3 2023: $543.8MQ4 2023: $659.2MQ1 2024: $716.8MQ2 2024: $797.2MQ3 2024: $902.6MQ4 2024: $921.4MQ1 2025: $883.3MQ2 2025: $962.1MQ3 2025: $1.05BQ4 2025: $1.10BQ1 2026: $1.12BQ2 2026: $1.24B
Q1 2021Q2 2026
13F filings of Certified Advisory Corp by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 2026327$1.24BVanguard Morningstar Growth ETFInvesco QQQ Trust Series IVanguard Scottsdale FDSvs. Q1 2026SEC
Q1 2026Apr 17, 2026318$1.12BVanguard Morningstar Growth ETFInvesco QQQ Trust Series IPacer US Cash Cows 100 ETFvs. Q4 2025SEC
Q4 2025Jan 12, 2026317$1.10BVanguard Morningstar Growth ETFInvesco QQQ Trust Series IPacer US Cash Cows 100 ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025315$1.05BVanguard Morningstar Growth ETFInvesco QQQ Trust Series IPacer US Cash Cows 100 ETFvs. Q2 2025SEC
Q2 2025Aug 14, 2025303$962.1MVanguard Morningstar Growth ETFInvesco QQQ Trust Series IPacer US Cash Cows 100 ETFvs. Q1 2025SEC
Q1 2025May 8, 2025295$883.3MVanguard Morningstar Growth ETFPacer US Cash Cows 100 ETFInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Jan 15, 2025297$921.4MVanguard Morningstar Growth ETFPacer US Cash Cows 100 ETFInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Nov 12, 2024297$902.6MVanguard Morningstar Growth ETFPacer US Cash Cows 100 ETFInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Aug 13, 2024288$797.2MVanguard Morningstar Growth ETFPacer US Cash Cows 100 ETFInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 10, 2024266$716.8MVanguard Morningstar Growth ETFPacer US Cash Cows 100 ETFVanguard Morningstar Value ETFvs. Q4 2023SEC
Q4 2023Feb 9, 2024264$659.2MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFPacer US Cash Cows 100 ETFvs. Q3 2023SEC
Q3 2023Nov 13, 2023284$543.8MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFSchwab US Dividend Equity ETFvs. Q2 2023SEC
Q2 2023Aug 14, 2023258$543.8MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFiShares Trvs. Q1 2023SEC
Q1 2023May 17, 2023Amended274$562.6MVanguard Morningstar Growth ETFiShares TrVanguard Morningstar Value ETFvs. Q4 2022SEC
Q4 2022Feb 15, 2023232$506.0MiShares TrVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022213$438.2MiShares TrVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2022SEC
Q2 2022Aug 15, 2022236$448.5MiShares TrVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2022SEC
Q1 2022May 13, 2022249$470.6MiShares TriShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q4 2021SEC
Q4 2021Feb 14, 2022218$453.4MiShares TriShares Core S&P 500 ETFAAPLvs. Q3 2021SEC
Q3 2021Nov 15, 2021246$411.6MiShares TriShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q2 2021SEC
Q2 2021Aug 16, 2021209$397.8MiShares TriShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q1 2021SEC
Q1 2021May 10, 2021806$385.7MiShares TriShares Core S&P 500 ETFVanguard Morningstar Growth ETF–SEC