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Livermore
Livermore
ZHEN

Professional Financial Advisors, LLC

SEC CIK
0001798221
Latest filing
Jul 9, 2026

The latest 13F from Professional Financial Advisors, LLC covers Q2 2026 (filed Jul 9, 2026): 146 long positions worth $578.1M. The top 10 holdings make up 63.0% of the portfolio, and the largest is SPDR Series Trust at 35.2%. 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
20
Est. +$6.91M
Added
74
Est. +$87.8M
Reduced
45
Est. −$46.6M
Sold out
11
Est. −$7.48M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPDR Series Trust78464A805
    35.2%$203.7M
  2. iShares Core U.S. Aggregate Bond ETF464287226
    6.0%$34.9M
  3. WisdomTree Tr97717Y790
    5.3%$30.6M
  4. Vanguard Star FDS921909768
    4.9%$28.6M
  5. Tidal Trust II88636J204
    2.3%$13.3M

Share of portfolio

Top 5 holdings and the other 141 positions, by share of portfolio value

  1. SPDR Series Trust35.2%
  2. iShares Core U.S. Aggregate Bond ETF6.0%
  3. WisdomTree Tr5.3%
  4. Vanguard Star FDS4.9%
  5. Tidal Trust II2.3%
  6. Other 141 positions46.2%

Biggest buys

New and added positions, by estimated amount bought

  1. SPDR Series Trust78464A805
    +$64.6MAdded
  2. Vanguard S&P 500 ETF922908363
    +$5.05MAdded
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$1.76MAddedHistory
  4. COFCapital One Financial Corp
    +$1.69MAddedHistory
  5. METAMeta Platforms, Inc.
    +$1.39MAddedHistory

Largest weight increases

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

  1. SPDR Series Trust78464A805
    +10.57 pp24.7% → 35.2%
  2. Vanguard S&P 500 ETF922908363
    +0.87 pp0.3% → 1.2%
  3. Invesco Exch Traded FD Tr II46138E339
    +0.32 pp1.1% → 1.4%
  4. iShares MSCI USA Momentum Factor ETF46432F396
    +0.32 pp1.2% → 1.6%
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.32 pp0.1% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −$34.0MReduced
  2. iShares Tr464287432
    −$3.11MReduced
  3. SCHWSchwab Charles Corp
    −$1.66MReducedHistory
  4. Vanguard Morningstar Total Stock Market ETF922908769
    −$1.40MReduced
  5. SPDR Series Trust78468R622
    −$1.35MSold out

Largest weight decreases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −8.02 pp14.1% → 6.0%
  2. iShares Tr464287432
    −0.68 pp1.0% → 0.3%
  3. SCHWSchwab Charles Corp
    −0.36 pp0.4% → 0.1%History
  4. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.30 pp1.6% → 1.3%
  5. Vanguard Morningstar Total Stock Market ETF922908769
    −0.29 pp2.6% → 2.3%

Metrics

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

Portfolio value
$578.1M
+$87.0M (+17.7%) vs. prior quarter
Positions
146
+9 vs. prior quarter
Top 10 concentration
63.0%
Top 10 as share of value
Turnover
10.1%
Q2 2026, one quarter
Average holding period
16.7 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 $578.1M (Q2 2026)

Q1 2021: $161.0MQ2 2021: $181.6MQ3 2021: $174.6MQ4 2021: $231.3MQ1 2022: $231.7MQ2 2022: $179.1MQ3 2022: $162.1MQ4 2022: $147.7MQ1 2023: $169.4MQ2 2023: $193.5MQ3 2023: $221.0MQ4 2023: $302.1MQ1 2024: $349.5MQ2 2024: $362.2MQ3 2024: $385.8MQ4 2024: $390.5MQ1 2025: $393.8MQ2 2025: $431.1MQ3 2025: $475.2MQ4 2025: $489.6MQ1 2026: $491.1MQ2 2026: $578.1M
Q1 2021Q2 2026
13F filings of Professional Financial Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 9, 2026146$578.1MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q1 2026SEC
Q1 2026Apr 13, 2026137$491.1MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q4 2025SEC
Q4 2025Jan 15, 2026130$489.6MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q3 2025SEC
Q3 2025Oct 28, 2025125$475.2MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q2 2025SEC
Q2 2025Jul 10, 2025116$431.1MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q1 2025SEC
Q1 2025Apr 23, 2025108$393.8MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q4 2024SEC
Q4 2024Jan 14, 2025106$390.5MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q3 2024SEC
Q3 2024Oct 10, 2024105$385.8MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q2 2024SEC
Q2 2024Jul 18, 2024102$362.2MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q1 2024SEC
Q1 2024Apr 25, 2024102$349.5MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFWisdomTree Trvs. Q4 2023SEC
Q4 2023Jan 18, 202494$302.1MSPDR Series TrustiShares Core U.S. Aggregate Bond ETFVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 25, 202391$221.0MSPDR Series TrustVanguard S&P 500 ETFiShares Core U.S. Aggregate Bond ETFvs. Q2 2023SEC
Q2 2023Jul 12, 202376$193.5MSPDR Series TrustVanguard S&P 500 ETFVanguard Star FDSvs. Q1 2023SEC
Q1 2023Apr 27, 202360$169.4MSPDR Series TrustVanguard S&P 500 ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Feb 14, 202375$147.7MSPDR Series TrustVanguard S&P 500 ETFiShares Core Dividend Growth ETFvs. Q3 2022SEC
Q3 2022Nov 9, 2022504$162.1MSPDR Series TrustiShares Tips Bond ETFVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Jul 28, 2022492$179.1MSPDR Series TrustiShares Tips Bond ETFVanguard S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 5, 2022496$231.7MSPDR Series TrustVanguard S&P 500 ETFiShares Tips Bond ETFvs. Q4 2021SEC
Q4 2021Jan 18, 2022480$231.3MSPDR Series TrustVanguard Morningstar Total Stock Market ETFVanguard S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 19, 2021421$174.6MSPDR Series TrustVanguard S&P 500 ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2021SEC
Q2 2021Jul 20, 2021419$181.6MSPDR Series TrustVanguard S&P 500 ETFiShares Trvs. Q1 2021SEC
Q1 2021May 5, 2021375$161.0MSPDR Series TrustiShares TrVanguard Morningstar Total Stock Market ETF–SEC

13D and 13G filings

Companies where Professional Financial Advisors, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Professional Financial Advisors, LLC does not currently report owning 5% or more of any company.

Latest filings

1 filing on file made by Professional Financial Advisors, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Professional Financial Advisors, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
AdvisorShares TrustNov 1, 20235:11 PM ET13GOld format–New–SEC