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Livermore
Livermore
ZHEN

American Financial Advisors, LLC

SEC CIK
0001767898
Latest filing
Jul 14, 2026

The latest 13F from American Financial Advisors, LLC covers Q2 2026 (filed Jul 14, 2026): 169 long positions worth $831.1M. The top 10 holdings make up 52.3% of the portfolio, and the largest is Invesco QQQ Trust Series I at 10.6%. 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
16
Est. +$27.7M
Added
48
Est. +$10.7M
Reduced
89
Est. −$45.8M
Sold out
6
Est. −$1.30M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    10.6%$88.4M
  2. Vanguard Whitehall FDS921946810
    5.3%$43.6M
  3. iShares Tr464287622
    5.2%$43.3M
  4. Vanguard Morningstar Small-Cap Growth ETF922908595
    5.0%$41.8M
  5. BRK.BBerkshire Hathaway Inc
    4.9%$41.1MHistory

Share of portfolio

Top 5 holdings and the other 164 positions, by share of portfolio value

  1. Invesco QQQ Trust Series I10.6%
  2. Vanguard Whitehall FDS5.3%
  3. iShares Tr5.2%
  4. Vanguard Morningstar Small-Cap Growth ETF5.0%
  5. BRK.B4.9%
  6. Other 164 positions68.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Tidal Trust III45259A258
    +$12.5MNew
  2. Tidal Trust I886364231
    +$10.6MNew
  3. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$1.72MAdded
  4. BRK.BBerkshire Hathaway Inc
    +$1.53MAddedHistory
  5. Vanguard Scottsdale FDS92206C409
    +$1.50MAdded

Largest weight increases

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

  1. Tidal Trust III45259A258
    +1.51 pp0.0% → 1.5%
  2. Tidal Trust I886364231
    +1.28 pp0.0% → 1.3%
  3. Vanguard Morningstar Mid-Cap ETF922908629
    +0.13 pp3.2% → 3.3%
  4. SPCXSpace Exploration Technologies Corp
    +0.13 pp0.0% → 0.1%History
  5. NBISNebius Group N.V.
    +0.10 pp0.1% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab US Dividend Equity ETF808524797
    −$14.1MReduced
  2. State Street SPDR S&P 600 Small Cap Value ETF78464A300
    −$9.64MReduced
  3. Invesco QQQ Trust Series I46090E103
    −$5.80MReduced
  4. VanEck ETF Trust92189F437
    −$5.26MReduced
  5. Vanguard Morningstar Small-Cap Growth ETF922908595
    −$1.28MReduced

Largest weight decreases

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

  1. Schwab US Dividend Equity ETF808524797
    −2.08 pp5.6% → 3.6%
  2. State Street SPDR S&P 600 Small Cap Value ETF78464A300
    −1.03 pp3.2% → 2.1%
  3. VanEck ETF Trust92189F437
    −0.79 pp1.9% → 1.1%
  4. First Tr Exchange-Traded FD33739Q200
    −0.24 pp2.3% → 2.0%
  5. JPMorgan Ultra-Short Income ETF46641Q837
    −0.17 pp1.4% → 1.3%

Metrics

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

Portfolio value
$831.1M
+$81.6M (+10.9%) vs. prior quarter
Positions
169
+10 vs. prior quarter
Top 10 concentration
52.3%
Top 10 as share of value
Turnover
4.9%
Q2 2026, one quarter
Average holding period
17.5 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 $831.1M (Q2 2026)

Q1 2021: $673.2MQ2 2021: $726.5MQ3 2021: $749.0MQ4 2021: $786.3MQ1 2022: $720.2MQ2 2022: $376.6MQ3 2022: $579.1MQ4 2022: $589.9MQ1 2023: $614.0MQ2 2023: $639.1MQ3 2023: $634.7MQ4 2023: $675.9MQ1 2024: $709.8MQ2 2024: $703.0MQ3 2024: $732.5MQ4 2024: $709.6MQ1 2025: $689.3MQ2 2025: $716.0MQ3 2025: $776.3MQ4 2025: $774.7MQ1 2026: $749.5MQ2 2026: $831.1M
Q1 2021Q2 2026
13F filings of American Financial Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 14, 2026169$831.1MInvesco QQQ Trust Series IVanguard Whitehall FDSiShares Trvs. Q1 2026SEC
Q1 2026May 13, 2026159$749.5MInvesco QQQ Trust Series ISchwab US Dividend Equity ETFVanguard Whitehall FDSvs. Q4 2025SEC
Q4 2025Feb 3, 2026160$774.7MInvesco QQQ Trust Series IVanguard Whitehall FDSiShares Trvs. Q3 2025SEC
Q3 2025Oct 27, 2025158$776.3MInvesco QQQ Trust Series IBRK.BiShares Trvs. Q2 2025SEC
Q2 2025Jul 10, 2025161$716.0MInvesco QQQ Trust Series IBRK.BVanguard Dividend Appreciation ETFvs. Q1 2025SEC
Q1 2025May 1, 2025147$689.3MInvesco QQQ Trust Series IBRK.BVanguard Dividend Appreciation ETFvs. Q4 2024SEC
Q4 2024Jan 30, 2025150$709.6MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFBRK.Bvs. Q3 2024SEC
Q3 2024Oct 25, 2024146$732.5MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFBRK.Bvs. Q2 2024SEC
Q2 2024Jul 24, 2024145$703.0MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFBRK.Bvs. Q1 2024SEC
Q1 2024Apr 22, 2024151$709.8MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFVanguard Morningstar Small-Cap Growth ETFvs. Q4 2023SEC
Q4 2023Jan 31, 2024145$675.9MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFVanguard Morningstar Small-Cap Growth ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023134$634.7MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFVanguard Morningstar Small-Cap Growth ETFvs. Q2 2023SEC
Q2 2023Jul 13, 2023135$639.1MInvesco QQQ Trust Series IVanguard Morningstar Small-Cap Growth ETFVanguard Dividend Appreciation ETFvs. Q1 2023SEC
Q1 2023Apr 18, 2023128$614.0MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFVanguard Morningstar Small-Cap Growth ETFvs. Q4 2022SEC
Q4 2022Jan 26, 2023124$589.9MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFVanguard Morningstar Small-Cap Growth ETFvs. Q3 2022SEC
Q3 2022Oct 17, 2022120$579.1MInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFVanguard Morningstar Small-Cap Growth ETFvs. Q2 2022SEC
Q2 2022Aug 1, 202273$376.6MVanguard Dividend Appreciation ETFVanguard Morningstar Small-Cap Growth ETFVanguard Whitehall FDSvs. Q1 2022SEC
Q1 2022Apr 27, 2022130$720.2MInvesco QQQ Trust Series IVanguard Morningstar Small-Cap Growth ETFVanguard Dividend Appreciation ETFvs. Q4 2021SEC
Q4 2021Feb 2, 2022135$786.3MInvesco QQQ Trust Series IVanguard Whitehall FDSVanguard Morningstar Small-Cap Growth ETFvs. Q3 2021SEC
Q3 2021Nov 5, 2021132$749.0MInvesco QQQ Trust Series IVanguard Morningstar Small-Cap Growth ETFVanguard Whitehall FDSvs. Q2 2021SEC
Q2 2021Aug 5, 2021134$726.5MInvesco QQQ Trust Series IVanguard Morningstar Small-Cap Growth ETFVanguard Dividend Appreciation ETFvs. Q1 2021SEC
Q1 2021May 13, 2021128$673.2MInvesco QQQ Trust Series IVanguard Morningstar Small-Cap Growth ETFVanguard Dividend Appreciation ETF–SEC