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Livermore
Livermore
ZHEN

Emerald Advisors, LLC

SEC CIK
0001802611
Latest filing
Jul 20, 2026

The latest 13F from Emerald Advisors, LLC covers Q2 2026 (filed Jul 20, 2026): 130 long positions worth $795.8M. The top 10 holdings make up 84.1% of the portfolio, and the largest is Costco Wholesale Corp (COST) at 73.2%. 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
19
Est. +$8.06M
Added
51
Est. +$12.9M
Reduced
49
Est. −$10.6M
Sold out
6
Est. −$1.28M

Top 5 holdings

Share of this quarter's portfolio value

  1. COSTCostco Wholesale Corp
    73.2%$582.4MHistory
  2. iShares Core MSCI Emerging Markets ETF46434G103
    1.9%$15.0M
  3. Vanguard Morningstar Value ETF922908744
    1.8%$14.3M
  4. iShares Core S&P 500 ETF464287200
    1.6%$12.9M
  5. Fidelity Covington Trust31609A404
    1.4%$11.3M

Biggest buys

New and added positions, by estimated amount bought

  1. J P Morgan Exchange Traded F46641Q159
    +$2.92MAdded
  2. J P Morgan Exchange Traded F46641Q670
    +$1.82MNew
  3. Fidelity Covington Trust31609A404
    +$1.57MAdded
  4. Vanguard Instl Index FD922040845
    +$708.6KNew
  5. QCOMQualcomm Inc
    +$658.9KNewHistory

Largest weight increases

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

  1. iShares Core MSCI Emerging Markets ETF46434G103
    +0.37 pp1.5% → 1.9%
  2. J P Morgan Exchange Traded F46641Q159
    +0.37 pp0.1% → 0.4%
  3. Fidelity Covington Trust31609A404
    +0.30 pp1.1% → 1.4%
  4. iShares Core S&P 500 ETF464287200
    +0.29 pp1.3% → 1.6%
  5. J P Morgan Exchange Traded F46641Q670
    +0.23 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46434V456
    −$1.13MReduced
  2. iShares Core MSCI Eafe ETF46432F842
    −$1.05MReduced
  3. Goldman Sachs ETF Tr381430503
    −$795.6KReduced
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    −$652.2KReduced
  5. Vanguard Morningstar Value ETF922908744
    −$648.8KReduced

Largest weight decreases

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

  1. iShares Tr46434V456
    −0.10 pp0.5% → 0.4%
  2. iShares Core MSCI Eafe ETF46432F842
    −0.09 pp0.5% → 0.4%
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.07 pp0.2% → 0.1%
  4. Fidelity MSCI Utilities Index ETF316092865
    −0.06 pp0.2% → 0.1%
  5. EOGEOG Resources Inc
    −0.05 pp0.1% → 0.1%History

Metrics

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

Portfolio value
$795.8M
−$9.53M (−1.2%) vs. prior quarter
Positions
130
+13 vs. prior quarter
Top 10 concentration
84.1%
Top 10 as share of value
Turnover
1.5%
Q2 2026, one quarter
Average holding period
20.7 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 $805.3M (Q1 2026)

Q1 2021: $276.3MQ2 2021: $320.2MQ3 2021: $350.5MQ4 2021: $414.6MQ1 2022: $425.7MQ2 2022: $357.9MQ3 2022: $344.5MQ4 2022: $361.1MQ1 2023: $387.8MQ2 2023: $416.3MQ3 2023: $431.0MQ4 2023: $524.9MQ1 2024: $561.9MQ2 2024: $658.6MQ3 2024: $690.9MQ4 2024: $725.6MQ1 2025: $752.5MQ2 2025: $780.1MQ3 2025: $753.6MQ4 2025: $734.9MQ1 2026: $805.3MQ2 2026: $795.8M
Q1 2021Q2 2026
13F filings of Emerald Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026130$795.8MCOSTiShares Core MSCI Emerging Markets ETFVanguard Morningstar Value ETFvs. Q1 2026SEC
Q1 2026Apr 24, 2026117$805.3MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q4 2025SEC
Q4 2025Jan 27, 2026113$734.9MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q3 2025SEC
Q3 2025Oct 29, 2025102$753.6MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q2 2025SEC
Q2 2025Jul 17, 2025101$780.1MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q1 2025SEC
Q1 2025Apr 25, 202594$752.5MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q4 2024SEC
Q4 2024Feb 3, 202592$725.6MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q3 2024SEC
Q3 2024Oct 31, 202491$690.9MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q2 2024SEC
Q2 2024Jul 15, 202487$658.6MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q1 2024SEC
Q1 2024Apr 25, 202492$561.9MCOSTVanguard Morningstar Value ETFiShares Trvs. Q4 2023SEC
Q4 2023Jan 24, 202490$524.9MCOSTVanguard Morningstar Value ETFiShares Trvs. Q3 2023SEC
Q3 2023Oct 13, 202378$431.0MCOSTVanguard Morningstar Value ETFiShares Core MSCI Emerging Markets ETFvs. Q2 2023SEC
Q2 2023Aug 3, 202381$416.3MCOSTVanguard Morningstar Value ETFiShares Trvs. Q1 2023SEC
Q1 2023Apr 7, 202377$387.8MCOSTVanguard Morningstar Value ETFiShares Trvs. Q4 2022SEC
Q4 2022Jan 20, 202377$361.1MCOSTVanguard Morningstar Value ETFiShares Trvs. Q3 2022SEC
Q3 2022Oct 12, 202277$344.5MCOSTVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q2 2022SEC
Q2 2022Aug 1, 202282$357.9MCOSTVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2022SEC
Q1 2022Apr 26, 202296$425.7MCOSTVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2021SEC
Q4 2021Jan 19, 202291$414.6MCOSTVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2021SEC
Q3 2021Nov 2, 202197$350.5MCOSTiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Morningstar Growth ETFvs. Q2 2021SEC
Q2 2021Aug 2, 202196$320.2MCOSTiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Morningstar Growth ETFvs. Q1 2021SEC
Q1 2021Apr 20, 202184$276.3MCOSTiShares Iboxx $ Investment Grade Corporate Bond ETFVanguard Morningstar Growth ETF–SEC