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Livermore
Livermore
ZHEN

Avion Wealth

SEC CIK
0001792704
Latest filing
Jul 31, 2026

The latest 13F from Avion Wealth covers Q2 2026 (filed Jul 31, 2026): 1,747 long positions worth $537.4M. The top 10 holdings make up 69.3% of the portfolio, and the largest is Vanguard BD Index FDS at 13.9%. Livermore has 23 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
290
Est. +$4.05M
Added
652
Est. +$19.4M
Reduced
204
Est. −$6.58M
Sold out
92
Est. −$2.91M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard BD Index FDS92203C303
    13.9%$74.6M
  2. Vanguard Ftse Developed Markets ETF921943858
    12.0%$64.3M
  3. Vanguard S&P 500 ETF922908363
    9.0%$48.4M
  4. Vanguard Ftse All-World Ex-US Index Fund922042775
    7.1%$38.3M
  5. Vanguard Morningstar Mid-Cap Value ETF922908512
    5.7%$30.7M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse All-World Ex-US Index Fund922042775
    +$3.70MAdded
  2. Vanguard BD Index FDS92203C303
    +$3.30MAdded
  3. Vanguard Morningstar Mid-Cap ETF922908629
    +$1.41MAddedConverted for a 4-for-1 split
  4. Vanguard S&P 500 ETF922908363
    +$1.04MAdded
  5. Vanguard Total International Bond ETF92203J407
    +$995.9KAdded

Largest weight increases

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

  1. Vanguard Ftse All-World Ex-US Index Fund922042775
    +0.71 pp6.4% → 7.1%
  2. Vanguard S&P 500 ETF922908363
    +0.49 pp8.5% → 9.0%
  3. Vanguard Morningstar Growth ETF922908736
    +0.31 pp2.3% → 2.7%
  4. Vanguard Morningstar Mid-Cap ETF922908629
    +0.29 pp2.9% → 3.2%
  5. Vanguard Morningstar Total Stock Market ETF922908769
    +0.24 pp3.6% → 3.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$2.54MSold outHistory
  2. Vanguard Ftse Developed Markets ETF921943858
    −$1.08MReduced
  3. AGXArgan Inc
    −$749.3KReducedHistory
  4. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −$735.8KReduced
  5. Vanguard Morningstar Mid-Cap Value ETF922908512
    −$481.9KReduced

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.52 pp0.5% → 0.0%History
  2. Vanguard Morningstar Mid-Cap Value ETF922908512
    −0.30 pp6.0% → 5.7%
  3. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −0.30 pp1.6% → 1.3%
  4. HALHalliburton Co
    −0.19 pp0.5% → 0.3%History
  5. Vanguard Ftse Developed Markets ETF921943858
    −0.19 pp12.2% → 12.0%

Metrics

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

Portfolio value
$537.4M
+$53.6M (+11.1%) vs. prior quarter
Positions
1,747
+198 vs. prior quarter
Top 10 concentration
69.3%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
21.1 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 $537.4M (Q2 2026)

Q1 2021: $286.2MQ2 2021: $328.3MQ3 2021: $329.7MQ4 2021: $353.6MQ1 2022: $347.5MQ2 2022: $322.3MQ3 2022: $321.5MQ4 2022: $321.2MQ1 2023: $366.4MQ2 2023: $381.6MQ3 2023: $350.0MQ4 2023: $356.4MQ1 2024: $372.6MQ2 2024: $362.5MQ3 2024: $382.1MQ4 2024: $389.3MQ1 2025: $389.7MQ2 2025: $438.6MQ3 2025: $466.1MQ4 2025: $476.8MQ1 2026: $483.8MQ2 2026: $537.4M
Q1 2021Q2 2026
13F filings of Avion Wealth by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 20261,747$537.4MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q1 2026SEC
Q1 2026May 1, 20261,549$483.8MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q4 2025SEC
Q4 2025Jan 23, 20261,553$476.8MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 24, 20251,518$466.1MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q2 2025SEC
Q2 2025Jul 31, 2025Amended1,480$438.6MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025May 9, 20251,413$389.7MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 29, 2025966$389.3MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 18, 20241,306$382.1MVanguard Ftse Developed Markets ETFVanguard BD Index FDSVanguard S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 26, 20241,225$362.5MVanguard Ftse Developed Markets ETFVanguard BD Index FDSVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024May 3, 20241,149$372.6MVanguard Ftse Developed Markets ETFVanguard BD Index FDSVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 26, 20241,119$356.4MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 20, 20231,222$350.0MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Jul 14, 2023990$381.6MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 5, 2023806$366.4MVanguard BD Index FDSVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Jan 30, 2023555$321.2MVanguard Ftse Developed Markets ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard BD Index FDSvs. Q3 2022SEC
Q3 2022Oct 31, 2022554$321.5MVanguard Ftse Developed Markets ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard BD Index FDSvs. Q2 2022SEC
Q2 2022Aug 11, 2022553$322.3MVanguard Ftse Developed Markets ETFPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Malvern FDSvs. Q1 2022SEC
Q1 2022May 4, 2022420$347.5MPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Jan 26, 2022427$353.6MPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q3 2021SEC
Q3 2021Nov 1, 2021411$329.7MPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q2 2021SEC
Q2 2021Jul 27, 2021399$328.3MPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETFvs. Q1 2021SEC
Q1 2021May 6, 2021358$286.2MPIMCO Enhanced Short Maturity Active Exchange-Traded FundVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETF–SEC