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Livermore
Livermore
ZHEN

Kozak & Associates, Inc.

SEC CIK
0001764970
Latest filing
Jul 2, 2026

The latest 13F from Kozak & Associates, Inc. covers Q2 2026 (filed Jul 2, 2026): 451 long positions worth $576.1M. The top 10 holdings make up 62.9% of the portfolio, and the largest is iShares U S ETF Tr at 8.5%. Livermore has 20 filings on Form 13F from this institution, going back to Q3 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
23
Est. +$47.1M
Added
130
Est. +$74.1M
Reduced
81
Est. −$107.4M
Sold out
21
Est. −$469.5K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares U S ETF Tr46431W648
    8.5%$49.2M
  2. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    8.4%$48.5M
  3. SPYSPDR S&P 500 ETF Trust
    8.2%$47.0MHistory
  4. Invesco QQQ Trust Series I46090E103
    8.0%$46.1M
  5. Invesco Exch Traded FD Tr II46138G698
    7.4%$42.9M

Share of portfolio

Top 5 holdings and the other 446 positions, by share of portfolio value

  1. iShares U S ETF Tr8.5%
  2. State Street SPDR Portfolio S&P 500 Growth ETF8.4%
  3. SPY8.2%
  4. Invesco QQQ Trust Series I8.0%
  5. Invesco Exch Traded FD Tr II7.4%
  6. Other 446 positions59.4%

Biggest buys

New and added positions, by estimated amount bought

  1. Pgim ETF Tr69344A867
    +$25.3MNew
  2. iShares S&P Mid-Cap 400 Growth ETF464287606
    +$25.1MAdded
  3. PIMCO ETF Tr72201R585
    +$17.6MAdded
  4. iShares Inc46434G764
    +$13.8MNew
  5. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    +$12.2MAdded

Largest weight increases

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

  1. Pgim ETF Tr69344A867
    +4.40 pp0.0% → 4.4%
  2. iShares S&P Mid-Cap 400 Growth ETF464287606
    +4.35 pp0.3% → 4.6%
  3. PIMCO ETF Tr72201R585
    +3.05 pp0.1% → 3.1%
  4. iShares Inc46434G764
    +2.39 pp0.0% → 2.4%
  5. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    +2.11 pp6.3% → 8.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco Exch Traded FD Tr II46138G698
    −$32.5MReduced
  2. iShares U S ETF Tr46431W648
    −$20.0MReduced
  3. VanEck Semiconductor ETF92189F676
    −$15.9MReduced
  4. iShares Tr464287754
    −$12.5MReduced
  5. iShares Tr464287770
    −$11.5MReduced

Largest weight decreases

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

  1. Invesco Exch Traded FD Tr II46138G698
    −6.20 pp13.6% → 7.4%
  2. iShares U S ETF Tr46431W648
    −3.53 pp12.1% → 8.5%
  3. iShares Tr464287754
    −2.57 pp6.7% → 4.1%
  4. iShares Tr464287770
    −2.41 pp7.3% → 4.9%
  5. VanEck Semiconductor ETF92189F676
    −1.38 pp5.6% → 4.3%

Metrics

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

Portfolio value
$576.1M
+$63.3M (+12.3%) vs. prior quarter
Positions
451
+2 vs. prior quarter
Top 10 concentration
62.9%
Top 10 as share of value
Turnover
19.8%
Q2 2026, one quarter
Average holding period
15.9 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 (Q3 2021), so positions held before then are understated.

13F filings by quarter

20 quarters, going back to Q3 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $576.1M (Q2 2026)

Q3 2021: $169.2MQ4 2021: $156.2MQ1 2022: $156.2MQ2 2022: $150.1MQ3 2022: $158.5MQ4 2022: $200.9MQ1 2023: $222.6MQ2 2023: $247.8MQ3 2023: $273.2MQ4 2023: $315.4MQ1 2024: $371.9MQ2 2024: $405.1MQ3 2024: $423.1MQ4 2024: $437.5MQ1 2025: $400.8MQ2 2025: $490.7MQ3 2025: $507.8MQ4 2025: $517.6MQ1 2026: $512.8MQ2 2026: $576.1M
Q3 2021Q2 2026
13F filings of Kozak & Associates, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 2, 2026451$576.1MiShares U S ETF TrState Street SPDR Portfolio S&P 500 Growth ETFSPYvs. Q1 2026SEC
Q1 2026Apr 14, 2026449$512.8MInvesco Exch Traded FD Tr IIiShares U S ETF TrSPYvs. Q4 2025SEC
Q4 2025Jan 12, 2026429$517.6MInvesco Exch Traded FD Tr IIiShares U S ETF TrSPYvs. Q3 2025SEC
Q3 2025Nov 18, 2025452$507.8MiShares U S ETF TrInvesco Exch Traded FD Tr IISPYvs. Q2 2025SEC
Q2 2025Jul 10, 2025470$490.7MiShares U S ETF TrInvesco Exch Traded FD Tr IISPYvs. Q1 2025SEC
Q1 2025Apr 15, 2025461$400.8MInvesco Exch Traded FD Tr IIiShares U S ETF TrSPYvs. Q4 2024SEC
Q4 2024Jan 6, 2025439$437.5MiShares U S ETF TrInvesco Exch Traded FD Tr IISPYvs. Q3 2024SEC
Q3 2024Oct 17, 2024399$423.1MiShares U S ETF TrInvesco Exch Traded FD Tr IISPYvs. Q2 2024SEC
Q2 2024Jul 5, 2024388$405.1MiShares U S ETF TrSPYInvesco Exch Traded FD Tr IIvs. Q1 2024SEC
Q1 2024May 17, 2024400$371.9MiShares U S ETF TrSPYInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Jan 17, 2024369$315.4MSPYiShares U S ETF TrInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Oct 17, 2023382$273.2MSPYInvesco QQQ Trust Series IiShares U S ETF Trvs. Q2 2023SEC
Q2 2023Jul 5, 2023357$247.8MSPYInvesco QQQ Trust Series IiShares U S ETF Trvs. Q1 2023SEC
Q1 2023Apr 3, 2023339$222.6MSPYInvesco QQQ Trust Series IiShares U S ETF Trvs. Q4 2022SEC
Q4 2022Jan 3, 2023345$200.9MSPYInvesco QQQ Trust Series IiShares U S ETF Trvs. Q3 2022SEC
Q3 2022Oct 12, 2022339$158.5MSPYInvesco QQQ Trust Series IiShares Trvs. Q2 2022SEC
Q2 2022Oct 12, 2022384$150.1MSPYInvesco QQQ Trust Series IiShares Trvs. Q1 2022SEC
Q1 2022May 26, 2022387$156.2MSPYInvesco QQQ Trust Series IiShares Trvs. Q4 2021SEC
Q4 2021Mar 11, 2022387$156.2MSPYInvesco QQQ Trust Series IiShares Trvs. Q3 2021SEC
Q3 2021Nov 16, 2021333$169.2MSPYInvesco QQQ Trust Series IiShares Tr–SEC