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Livermore
Livermore
ZHEN

Advisory Resource Group

SEC CIK
0001764968
Latest filing
Jul 14, 2026

The latest 13F from Advisory Resource Group covers Q2 2026 (filed Jul 14, 2026): 183 long positions worth $665.0M. The top 10 holdings make up 35.4% of the portfolio, and the largest is Pacer FDS Tr at 6.7%. 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
21
Est. +$39.0M
Added
101
Est. +$42.2M
Reduced
45
Est. −$25.2M
Sold out
10
Est. −$21.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. Pacer FDS Tr69374H436
    6.7%$44.5M
  2. PSXPhillips 66
    4.9%$32.7MHistory
  3. Janus Detroit STR Tr47103U746
    3.8%$25.2M
  4. Pgim ETF Tr69344A800
    3.3%$22.2M
  5. Pacer FDS Tr69374H311
    3.3%$22.0M

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Covington Trust31609A305
    +$7.85MNew
  2. Vanguard Morningstar Mid-Cap Value ETF922908512
    +$6.51MNew
  3. ZTSZoetis Inc.
    +$4.87MNewHistory
  4. Vanguard Morningstar Small-Cap Growth ETF922908595
    +$4.70MAdded
  5. iShares Russell Mid-Cap Growth ETF464287481
    +$4.55MAdded

Largest weight increases

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

  1. Fidelity Covington Trust31609A305
    +1.18 pp0.0% → 1.2%
  2. Vanguard Morningstar Mid-Cap Value ETF922908512
    +0.98 pp0.0% → 1.0%
  3. AMATApplied Materials Inc
    +0.94 pp1.1% → 2.0%History
  4. ZTSZoetis Inc.
    +0.73 pp0.0% → 0.7%History
  5. Vanguard Morningstar Small-Cap Growth ETF922908595
    +0.71 pp<0.1% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Scottsdale FDS92206C680
    −$7.33MReduced
  2. HONHoneywell International Inc
    −$7.05MSold outHistory
  3. ELVElevance Health, Inc.
    −$5.36MSold outHistory
  4. BlackRock ETF Trust II092528108
    −$2.54MReduced
  5. PSXPhillips 66
    −$2.46MReducedHistory

Largest weight decreases

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

  1. COPConocoPhillips
    −1.76 pp5.0% → 3.2%History
  2. PSXPhillips 66
    −1.60 pp6.5% → 4.9%History
  3. HONHoneywell International Inc
    −1.21 pp1.2% → 0.0%History
  4. Vanguard Scottsdale FDS92206C680
    −1.08 pp1.2% → 0.1%
  5. ELVElevance Health, Inc.
    −0.92 pp0.9% → 0.0%History

Metrics

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

Portfolio value
$665.0M
+$83.8M (+14.4%) vs. prior quarter
Positions
183
+11 vs. prior quarter
Top 10 concentration
35.4%
Top 10 as share of value
Turnover
7.5%
Q2 2026, one quarter
Average holding period
13.1 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 $665.0M (Q2 2026)

Q1 2021: $214.1MQ2 2021: $249.9MQ3 2021: $271.3MQ4 2021: $299.6MQ1 2022: $321.2MQ2 2022: $305.5MQ3 2022: $302.3MQ4 2022: $336.3MQ1 2023: $356.5MQ2 2023: $367.8MQ3 2023: $370.6MQ4 2023: $401.1MQ1 2024: $435.8MQ2 2024: $443.1MQ3 2024: $468.3MQ4 2024: $471.2MQ1 2025: $491.0MQ2 2025: $520.4MQ3 2025: $557.5MQ4 2025: $568.6MQ1 2026: $581.1MQ2 2026: $665.0M
Q1 2021Q2 2026
13F filings of Advisory Resource Group by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 14, 2026183$665.0MPacer FDS TrPSXJanus Detroit STR Trvs. Q1 2026SEC
Q1 2026May 15, 2026172$581.1MPacer FDS TrPSXCOPvs. Q4 2025SEC
Q4 2025Feb 12, 2026171$568.6MPacer FDS TrPSXJanus Detroit STR Trvs. Q3 2025SEC
Q3 2025Oct 22, 2025172$557.5MPacer FDS TrPSXCOPvs. Q2 2025SEC
Q2 2025Aug 8, 2025167$520.4MPacer FDS TrPSXAlps ETF Trvs. Q1 2025SEC
Q1 2025Apr 21, 2025162$491.0MPacer FDS TrPSXCOPvs. Q4 2024SEC
Q4 2024Jan 28, 2025158$471.2MPacer FDS TrPSXCOPvs. Q3 2024SEC
Q3 2024Nov 20, 2024158$468.3MPacer FDS TrPSXCOPvs. Q2 2024SEC
Q2 2024Jul 24, 2024155$443.1MPacer FDS TrPSXCOPvs. Q1 2024SEC
Q1 2024May 17, 2024158$435.8MPacer FDS TrPSXCOPvs. Q4 2023SEC
Q4 2023Jan 11, 2024150$401.1MPacer FDS TrPSXCOPvs. Q3 2023SEC
Q3 2023Dec 5, 2023152$370.6MPacer FDS TrPSXPgim ETF Trvs. Q2 2023SEC
Q2 2023Jul 11, 2023150$367.8MPacer FDS TrPgim ETF TrPSXvs. Q1 2023SEC
Q1 2023May 15, 2023147$356.5MPacer FDS TrPgim ETF TrPSXvs. Q4 2022SEC
Q4 2022Jan 27, 2023145$336.3MPSXPacer FDS TrPgim ETF Trvs. Q3 2022SEC
Q3 2022Oct 11, 2022131$302.3MPgim ETF TrPacer FDS TrPSXvs. Q2 2022SEC
Q2 2022Jul 21, 2022135$305.5MPgim ETF TrPSXPacer FDS Trvs. Q1 2022SEC
Q1 2022Apr 6, 2022141$321.2MPgim ETF TrPSXCOPvs. Q4 2021SEC
Q4 2021Feb 8, 2022145$299.6MPSXCOPBNY Mellon ETF Trustvs. Q3 2021SEC
Q3 2021Oct 26, 2021135$271.3MCOPPSXBNY Mellon ETF Trustvs. Q2 2021SEC
Q2 2021Aug 19, 2021133$249.9MCOPPSXState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2021SEC
Q1 2021May 24, 2021114$214.1MCOPPSXState Street SPDR Portfolio S&P 500 Value ETF–SEC