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Livermore
Livermore
ZHEN

Legend Financial Advisors, Inc.

SEC CIK
0001781948
Latest filing
Jul 20, 2026

The latest 13F from Legend Financial Advisors, Inc. covers Q2 2026 (filed Jul 20, 2026): 40 long positions worth $176.0M. The top 10 holdings make up 68.4% of the portfolio, and the largest is iShares Semiconductor ETF at 11.2%. 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
3
Est. +$3.47M
Added
15
Est. +$1.95M
Reduced
19
Est. −$11.4M
Sold out
1
Est. −$381.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Semiconductor ETF464287523
    11.2%$19.6M
  2. Invesco QQQ Trust Series I46090E103
    10.2%$17.9M
  3. IAUiShares Gold Trust
    7.6%$13.4MHistory
  4. Vanguard Morningstar Mid-Cap ETF922908629
    6.8%$11.9M
  5. Schwab Fundamental U.S. Large Company ETF808524771
    6.7%$11.8M

Share of portfolio

Top 5 holdings and the other 35 positions, by share of portfolio value

  1. iShares Semiconductor ETF11.2%
  2. Invesco QQQ Trust Series I10.2%
  3. IAU7.6%
  4. Vanguard Morningstar Mid-Cap ETF6.8%
  5. Schwab Fundamental U.S. Large Company ETF6.7%
  6. Other 35 positions57.6%

Biggest buys

New and added positions, by estimated amount bought

  1. GOOGAlphabet Inc.
    +$1.98MNewHistory
  2. RELYRemitly Global, Inc.
    +$1.26MNewHistory
  3. Vanguard Morningstar Mid-Cap ETF922908629
    +$487.4KAddedConverted for a 4-for-1 split
  4. iShares Tr464288786
    +$404.7KAdded
  5. TBBKBancorp, Inc.
    +$274.5KAddedHistory

Largest weight increases

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

  1. GOOGAlphabet Inc.
    +1.13 pp0.0% → 1.1%History
  2. RELYRemitly Global, Inc.
    +0.71 pp0.0% → 0.7%History
  3. Vanguard Morningstar Mid-Cap ETF922908629
    +0.21 pp6.5% → 6.8%
  4. TBBKBancorp, Inc.
    +0.17 pp0.5% → 0.6%History
  5. LLYEli Lilly & Co
    +0.13 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Semiconductor ETF464287523
    −$8.09MReduced
  2. Invesco QQQ Trust Series I46090E103
    −$535.4KReduced
  3. Global X FDS37954Y830
    −$458.4KReduced
  4. MODModine Manufacturing Co
    −$429.4KReducedHistory
  5. FISVFiserv Inc
    −$381.9KSold outHistory

Largest weight decreases

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

  1. DJPBarclays Bank PLC
    −1.40 pp6.2% → 4.8%History
  2. SPDR Series Trust78464A755
    −0.79 pp4.6% → 3.8%
  3. Global X FDS37954Y830
    −0.74 pp4.3% → 3.6%
  4. State Street Energy Select Sector SPDR ETF81369Y506
    −0.60 pp1.7% → 1.1%
  5. PAASPan American Silver Corp
    −0.49 pp1.0% → 0.5%History

Metrics

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

Portfolio value
$176.0M
+$20.9M (+13.5%) vs. prior quarter
Positions
40
+2 vs. prior quarter
Top 10 concentration
68.4%
Top 10 as share of value
Turnover
3.3%
Q2 2026, one quarter
Average holding period
16.4 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 $176.0M (Q2 2026)

Q1 2021: $13.2MQ2 2021: $155.4MQ3 2021: $157.4MQ4 2021: $143.4MQ1 2022: $157.4MQ2 2022: $96.8MQ3 2022: $106.4MQ4 2022: $114.4MQ1 2023: $119.1MQ2 2023: $119.8MQ3 2023: $117.2MQ4 2023: $124.4MQ1 2024: $138.0MQ2 2024: $140.9MQ3 2024: $144.9MQ4 2024: $141.7MQ1 2025: $136.1MQ2 2025: $150.5MQ3 2025: $163.1MQ4 2025: $165.1MQ1 2026: $155.1MQ2 2026: $176.0M
Q1 2021Q2 2026
13F filings of Legend Financial Advisors, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 202640$176.0MiShares Semiconductor ETFInvesco QQQ Trust Series IIAUvs. Q1 2026SEC
Q1 2026Apr 24, 202638$155.1MIAUInvesco QQQ Trust Series IiShares Semiconductor ETFvs. Q4 2025SEC
Q4 2025Jan 23, 202637$165.1MIAUInvesco QQQ Trust Series IiShares Semiconductor ETFvs. Q3 2025SEC
Q3 2025Nov 4, 202539$163.1MIAUInvesco QQQ Trust Series IiShares Semiconductor ETFvs. Q2 2025SEC
Q2 2025Jul 16, 2025171$150.5MInvesco QQQ Trust Series IIAUiShares Semiconductor ETFvs. Q1 2025SEC
Q1 2025May 14, 202537$136.1MIAUInvesco QQQ Trust Series IiShares Semiconductor ETFvs. Q4 2024SEC
Q4 2024Jan 7, 2025267$141.7MVanguard Morningstar Mid-Cap ETFIAUInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Oct 18, 2024157$144.9MIAUVanguard Morningstar Mid-Cap ETFInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jul 26, 2024292$140.9MInvesco QQQ Trust Series IiShares Semiconductor ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2024SEC
Q1 2024Apr 17, 2024185$138.0MVanguard Morningstar Mid-Cap ETFiShares Semiconductor ETFIAUvs. Q4 2023SEC
Q4 2023Jan 31, 2024193$124.4MVanguard Morningstar Mid-Cap ETFIAUInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Nov 13, 2023188$117.2MIAUInvesco QQQ Trust Series IVanguard Morningstar Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Aug 9, 2023207$119.8MIAUVanguard Morningstar Mid-Cap ETFInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023Apr 26, 2023229$119.1MIAUInvesco QQQ Trust Series IiShares Semiconductor ETFvs. Q4 2022SEC
Q4 2022Jan 30, 2023243$114.4MIAUVanguard Morningstar Mid-Cap ETFInvesco QQQ Trust Series Ivs. Q3 2022SEC
Q3 2022Nov 18, 2022233$106.4MIAUInvesco QQQ Trust Series ILeuthold FDS Incvs. Q2 2022SEC
Q2 2022Aug 8, 202231$96.8MIAUInvesco QQQ Trust Series IGlobal X Lithium & Battery Tech ETFvs. Q1 2022SEC
Q1 2022May 12, 202239$157.4MIAUInvesco QQQ Trust Series IARK Innovation ETFvs. Q4 2021SEC
Q4 2021Feb 14, 202241$143.4MInvesco QQQ Trust Series IiShares Semiconductor ETFAmplify ETF Trvs. Q3 2021SEC
Q3 2021Nov 15, 202139$157.4MIAUInvesco QQQ Trust Series IARK Innovation ETFvs. Q2 2021SEC
Q2 2021Aug 2, 202137$155.4MIAUARK Innovation ETFInvesco QQQ Trust Series Ivs. Q1 2021SEC
Q1 2021May 17, 202115$13.2MIAUARK Innovation ETFARK ETF Tr–SEC