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Livermore
Livermore
ZHEN

HBW Advisory Services LLC

SEC CIK
0001790525
Latest filing
Jul 16, 2026

The latest 13F from HBW Advisory Services LLC covers Q2 2026 (filed Jul 16, 2026): 463 long positions worth $1.10B. The top 10 holdings make up 26.0% of the portfolio, and the largest is Vanguard S&P 500 ETF at 5.2%. 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
58
Est. +$48.5M
Added
248
Est. +$57.8M
Reduced
145
Est. −$24.2M
Sold out
39
Est. −$13.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    5.2%$57.5M
  2. Invesco Exch Traded FD Tr II46138E339
    3.9%$42.5M
  3. Invesco QQQ Trust Series I46090E103
    3.8%$42.3M
  4. First Tr Exchng Traded FD VI33740F755
    2.2%$24.8M
  5. First Tr Exchange-Traded FD33733E690
    2.2%$24.6M

Share of portfolio

Top 5 holdings and the other 458 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF5.2%
  2. Invesco Exch Traded FD Tr II3.9%
  3. Invesco QQQ Trust Series I3.8%
  4. First Tr Exchng Traded FD VI2.2%
  5. First Tr Exchange-Traded FD2.2%
  6. Other 458 positions82.6%

Biggest buys

New and added positions, by estimated amount bought

  1. First Tr Exchange-Traded FD33733E690
    +$24.6MNew
  2. Pgim ETF Tr69344A206
    +$4.49MNew
  3. Invesco Exch Traded FD Tr II46138E339
    +$3.22MAdded
  4. ULTAUlta Beauty, Inc.
    +$3.18MAddedHistory
  5. First Tr Exchange Traded FD33738R704
    +$3.00MAdded

Largest weight increases

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

  1. First Tr Exchange-Traded FD33733E690
    +2.23 pp0.0% → 2.2%
  2. Invesco Exch Traded FD Tr II46138E339
    +0.98 pp2.9% → 3.9%
  3. VanEck Semiconductor ETF92189F676
    +0.58 pp0.8% → 1.4%
  4. Invesco QQQ Trust Series I46090E103
    +0.56 pp3.3% → 3.8%
  5. Pgim ETF Tr69344A206
    +0.41 pp0.0% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. WisdomTree Tr97717Y550
    −$2.85MSold out
  2. AMGNAmgen Inc
    −$1.57MReducedHistory
  3. J P Morgan Exchange Traded F46641Q134
    −$1.11MReduced
  4. J P Morgan Exchange Traded F46641Q332
    −$1.04MReduced
  5. State Street Energy Select Sector SPDR ETF81369Y506
    −$977.4KReduced

Largest weight decreases

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

  1. Ultimus Managers Tr90386K639
    −2.27 pp2.3% → 0.0%
  2. J P Morgan Exchange Traded F46641Q332
    −0.46 pp2.6% → 2.1%
  3. WisdomTree Tr97717Y550
    −0.30 pp0.3% → 0.0%
  4. J P Morgan Exchange Traded F46641Q159
    −0.29 pp2.0% → 1.7%
  5. JPMorgan Ultra-Short Income ETF46641Q837
    −0.18 pp1.2% → 1.0%

Metrics

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

Portfolio value
$1.10B
+$154.9M (+16.3%) vs. prior quarter
Positions
463
+19 vs. prior quarter
Top 10 concentration
26.0%
Top 10 as share of value
Turnover
3.7%
Q2 2026, one quarter
Average holding period
13.6 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 $1.10B (Q2 2026)

Q1 2021: $375.0MQ2 2021: $379.6MQ3 2021: $386.0MQ4 2021: $428.2MQ1 2022: $284.2MQ2 2022: $369.7MQ3 2022: $358.6MQ4 2022: $374.2MQ1 2023: $401.1MQ2 2023: $460.8MQ3 2023: $478.8MQ4 2023: $532.8MQ1 2024: $532.8MQ2 2024: $602.6MQ3 2024: $684.1MQ4 2024: $674.4MQ1 2025: $703.4MQ2 2025: $811.1MQ3 2025: $888.7MQ4 2025: $920.3MQ1 2026: $948.8MQ2 2026: $1.10B
Q1 2021Q2 2026
13F filings of HBW Advisory Services LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 2026463$1.10BVanguard S&P 500 ETFInvesco Exch Traded FD Tr IIInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026May 4, 2026444$948.8MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q4 2025SEC
Q4 2025Jan 23, 2026424$920.3MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q3 2025SEC
Q3 2025Oct 16, 2025416$888.7MVanguard S&P 500 ETFInvesco QQQ Trust Series IInvesco Exch Traded FD Tr IIvs. Q2 2025SEC
Q2 2025Jul 2, 2025398$811.1MVanguard S&P 500 ETFInvesco QQQ Trust Series IJ P Morgan Exchange Traded Fvs. Q1 2025SEC
Q1 2025Apr 9, 2025386$703.4MVanguard S&P 500 ETFJ P Morgan Exchange Traded FInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Jan 10, 2025375$674.4MVanguard S&P 500 ETFInvesco QQQ Trust Series IPacer US Cash Cows 100 ETFvs. Q3 2024SEC
Q3 2024Oct 4, 2024362$684.1MVanguard S&P 500 ETFJ P Morgan Exchange Traded FInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jul 5, 2024333$602.6MVanguard S&P 500 ETFUltimus Managers TrJ P Morgan Exchange Traded Fvs. Q1 2024SEC
Q1 2024Apr 19, 2024303$532.8MUltimus Managers TrVanguard S&P 500 ETFJ P Morgan Exchange Traded Fvs. Q4 2023SEC
Q4 2023Jan 16, 2024303$532.8MUltimus Managers TrVanguard S&P 500 ETFJ P Morgan Exchange Traded Fvs. Q3 2023SEC
Q3 2023Oct 12, 2023292$478.8MUltimus Managers TrVanguard S&P 500 ETFJ P Morgan Exchange Traded Fvs. Q2 2023SEC
Q2 2023Jul 6, 2023288$460.8MUltimus Managers TrVanguard S&P 500 ETFJ P Morgan Exchange Traded Fvs. Q1 2023SEC
Q1 2023Apr 7, 2023257$401.1MUltimus Managers TrJ P Morgan Exchange Traded FAAPLvs. Q4 2022SEC
Q4 2022Jan 5, 2023256$374.2MUltimus Managers TrJ P Morgan Exchange Traded FFidelity MSCI Utilities Index ETFvs. Q3 2022SEC
Q3 2022Oct 5, 2022231$358.6MJ P Morgan Exchange Traded FVanguard S&P 500 ETFGoldman Sachs ETF Trvs. Q2 2022SEC
Q2 2022Jul 13, 2022218$369.7MJ P Morgan Exchange Traded FVanguard S&P 500 ETFGoldman Sachs ETF Trvs. Q1 2022SEC
Q1 2022Apr 18, 2022220$284.2MVanguard S&P 500 ETFETF Ser SolutionsVanguard Malvern FDSvs. Q4 2021SEC
Q4 2021Jan 11, 2022258$428.2METF Ser SolutionsVanguard S&P 500 ETFAAPLvs. Q3 2021SEC
Q3 2021Oct 8, 2021243$386.0MVanguard S&P 500 ETFETF Ser SolutionsARK Innovation ETFvs. Q2 2021SEC
Q2 2021Jul 15, 2021246$379.6MVanguard S&P 500 ETFARK Innovation ETFETF Ser Solutionsvs. Q1 2021SEC
Q1 2021Apr 13, 2021240$375.0MVanguard S&P 500 ETFARK Innovation ETFFidelity Comwlth Tr–SEC