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Livermore
Livermore
ZHEN

N.E.W. Advisory Services LLC

SEC CIK
0001803456
Latest filing
Aug 6, 2026

The latest 13F from N.E.W. Advisory Services LLC covers Q2 2026 (filed Aug 6, 2026): 980 long positions worth $1.50B. The top 10 holdings make up 52.6% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 18.8%. 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
112
Est. +$1.23M
Added
311
Est. +$44.7M
Reduced
177
Est. −$24.7M
Sold out
46
Est. −$1.27M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    18.8%$280.7M
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    5.2%$77.1M
  3. iShares Tr46435G672
    4.4%$66.1M
  4. JPMorgan Ultra-Short Income ETF46641Q837
    4.3%$64.3M
  5. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    4.0%$59.4M

Biggest buys

New and added positions, by estimated amount bought

  1. JPMorgan Ultra-Short Income ETF46641Q837
    +$5.69MAdded
  2. iShares Tr46435G672
    +$4.90MAdded
  3. Vanguard Total Bond Market ETF921937835
    +$4.60MAdded
  4. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    +$2.79MAdded
  5. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    +$2.42MAdded

Largest weight increases

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

  1. SPDR Series Trust78464A805
    +0.17 pp2.7% → 2.9%
  2. AAPLApple Inc.
    +0.15 pp1.3% → 1.4%History
  3. Vanguard S&P 500 ETF922908363
    +0.14 pp1.3% → 1.5%
  4. American Centy ETF Tr025072349
    +0.12 pp2.4% → 2.5%
  5. BFCBank First Corp
    +0.10 pp0.1% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    −$5.94MReduced
  2. Vanguard Admiral FDS Inc921932778
    −$3.42MReduced
  3. J P Morgan Exchange Traded F46641Q670
    −$1.77MReduced
  4. NVDANVIDIA Corp
    −$1.47MReducedHistory
  5. T Rowe Price Exchange-Traded87283Q883
    −$842.6KReduced

Largest weight decreases

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

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    −0.25 pp5.4% → 5.2%
  2. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −0.21 pp4.2% → 4.0%
  3. J P Morgan Exchange Traded F46641Q670
    −0.19 pp0.7% → 0.5%
  4. Vanguard Admiral FDS Inc921932778
    −0.16 pp2.3% → 2.1%
  5. J P Morgan Exchange Traded F46641Q159
    −0.12 pp0.7% → 0.5%

Metrics

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

Portfolio value
$1.50B
+$157.9M (+11.8%) vs. prior quarter
Positions
980
+66 vs. prior quarter
Top 10 concentration
52.6%
Top 10 as share of value
Turnover
1.8%
Q2 2026, one quarter
Average holding period
18.6 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 $1.50B (Q2 2026)

Q1 2021: $533.5MQ2 2021: $597.5MQ3 2021: $613.8MQ4 2021: $662.2MQ1 2022: $528.0MQ2 2022: $571.9MQ3 2022: $552.0MQ4 2022: $638.9MQ1 2023: $687.4MQ2 2023: $717.6MQ3 2023: $703.2MQ4 2023: $827.4MQ1 2024: $901.4MQ2 2024: $926.7MQ3 2024: $1.01BQ4 2024: $1.05BQ1 2025: $1.31BQ2 2025: $1.03BQ3 2025: $1.12BQ4 2025: $1.35BQ1 2026: $1.34BQ2 2026: $1.50B
Q1 2021Q2 2026
13F filings of N.E.W. Advisory Services LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 2026980$1.50BVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q1 2026SEC
Q1 2026May 5, 2026914$1.34BVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q4 2025SEC
Q4 2025Jan 28, 2026892$1.35BVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 27, 2025840$1.12BVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 ETFvs. Q2 2025SEC
Q2 2025Aug 18, 2025840$1.03BVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 ETFvs. Q1 2025SEC
Q1 2025May 7, 2025894$1.31BVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 24, 2025189$1.05BVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 31, 2024183$1.01BVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2024SEC
Q2 2024Aug 5, 2024182$926.7MVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2024SEC
Q1 2024Apr 24, 2024173$901.4MVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2023SEC
Q4 2023Feb 6, 2024162$827.4MVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023151$703.2MVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2023SEC
Q2 2023Aug 4, 2023133$717.6MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2023SEC
Q1 2023May 10, 2023130$687.4MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023131$638.9MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022127$552.0MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2022SEC
Q2 2022Aug 1, 2022130$571.9MState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2022SEC
Q1 2022Apr 11, 2022138$528.0MState Street SPDR Portfolio S&P 500 ETFState Street SPDR S&P 600 Small Cap Value ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2021SEC
Q4 2021Jan 18, 2022134$662.2MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2021SEC
Q3 2021Oct 13, 2021131$613.8MState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q2 2021SEC
Q2 2021Jul 15, 2021133$597.5MState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2021SEC
Q1 2021Apr 14, 2021126$533.5MState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFState Street SPDR Portfolio S&P 500 Value ETF–SEC