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Livermore
Livermore
ZHEN

Scarborough Advisors, LLC

SEC CIK
0001815355
Latest filing
Jul 21, 2026

The latest 13F from Scarborough Advisors, LLC covers Q2 2026 (filed Jul 21, 2026): 147 long positions worth $870.9M. The top 10 holdings make up 48.3% of the portfolio, and the largest is Invesco Nasdaq 100 ETF at 6.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q4 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
5
Est. +$30.6M
Added
36
Est. +$112.4M
Reduced
97
Est. −$237.5M
Sold out
619
Est. −$45.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco Nasdaq 100 ETF46138G649
    6.9%$60.2M
  2. Schwab U.S. Large-Cap ETF808524201
    6.5%$56.6M
  3. Columbia ETF Tr I19761L706
    6.0%$52.0M
  4. Vanguard S&P 500 ETF922908363
    5.3%$46.6M
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    5.2%$45.3M

Biggest buys

New and added positions, by estimated amount bought

  1. Columbia ETF Tr I19761L706
    +$28.7MAdded
  2. BlackRock ETF Trust09290C665
    +$24.8MNew
  3. Invesco Exch Traded FD Tr II46138E354
    +$21.5MAdded
  4. Vanguard S&P 500 ETF922908363
    +$21.1MAdded
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$13.7MAdded

Largest weight increases

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

  1. Columbia ETF Tr I19761L706
    +3.68 pp2.3% → 6.0%
  2. Vanguard S&P 500 ETF922908363
    +2.91 pp2.4% → 5.3%
  3. BlackRock ETF Trust09290C665
    +2.85 pp0.0% → 2.9%
  4. Invesco Exch Traded FD Tr II46138E354
    +2.47 pp<0.1% → 2.5%
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    +2.16 pp3.0% → 5.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BlackRock ETF Trust09290C764
    −$31.9MReduced
  2. iShares MSCI USA Quality Factor ETF46432F339
    −$22.2MReduced
  3. iShares Tr464287432
    −$15.5MReduced
  4. American Centy ETF Tr025072604
    −$15.1MReduced
  5. BlackRock ETF Trust09290C855
    −$14.5MReduced

Largest weight decreases

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

  1. BlackRock ETF Trust09290C764
    −3.08 pp3.2% → 0.1%
  2. iShares MSCI USA Quality Factor ETF46432F339
    −2.04 pp2.7% → 0.7%
  3. iShares Tr464287432
    −1.68 pp2.6% → 0.9%
  4. American Centy ETF Tr025072604
    −1.34 pp1.6% → 0.2%
  5. BlackRock ETF Trust09290C855
    −1.30 pp1.4% → 0.1%

Metrics

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

Portfolio value
$870.9M
−$42.7M (−4.7%) vs. prior quarter
Positions
147
−614 vs. prior quarter
Top 10 concentration
48.3%
Top 10 as share of value
Turnover
16.0%
Q2 2026, one quarter
Average holding period
6.8 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $913.6M (Q1 2026)

Q4 2021: $291.0MQ1 2022: $313.1MQ2 2022: $293.2MQ3 2022: $320.9MQ4 2022: $373.3MQ1 2023: $396.9MQ2 2023: $418.0MQ3 2023: $411.7MQ4 2023: $485.7MQ1 2024: $216.0MQ2 2024: $243.2MQ3 2024: $618.7MQ4 2024: $707.6MQ1 2025: $702.1MQ2 2025: $504.2MQ3 2025: $566.8MQ4 2025: $592.4MQ1 2026: $913.6MQ2 2026: $870.9M
Q4 2021Q2 2026
13F filings of Scarborough Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 2026147$870.9MInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFColumbia ETF Tr Ivs. Q1 2026SEC
Q1 2026May 7, 2026761$913.6MSchwab U.S. Large-Cap ETFInvesco Nasdaq 100 ETFBlackRock ETF Trustvs. Q4 2025SEC
Q4 2025Feb 17, 2026463$592.4MInvesco Nasdaq 100 ETFBlackRock ETF TrustiShares Core MSCI Emerging Markets ETFvs. Q3 2025SEC
Q3 2025Feb 17, 2026469$566.8MInvesco Nasdaq 100 ETFiShares MSCI USA Quality Factor ETFBlackRock ETF Trustvs. Q2 2025SEC
Q2 2025Aug 5, 2025468$504.2MState Street SPDR Portfolio S&P 500 Value ETFInvesco Nasdaq 100 ETFiShares MSCI USA Quality Factor ETFvs. Q1 2025SEC
Q1 2025May 15, 2025118$702.1MSchwab U.S. Large-Cap ETFiShares MSCI USA Quality Factor ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2024SEC
Q4 2024Jan 30, 2025110$707.6MSchwab U.S. Large-Cap ETFiShares MSCI USA Quality Factor ETFInvesco Nasdaq 100 ETFvs. Q3 2024SEC
Q3 2024Oct 31, 202489$618.7MSchwab U.S. Large-Cap ETFiShares MSCI USA Quality Factor ETFBlackRock ETF Trustvs. Q2 2024SEC
Q2 2024Aug 8, 2024456$243.2MiShares MSCI USA Quality Factor ETFBlackRock ETF TrustFirst Tr Exchange-Traded FDvs. Q1 2024SEC
Q1 2024May 10, 2024420$216.0MBlackRock ETF TrustFirst Tr Exchange-Traded FDiShares MSCI USA Quality Factor ETFvs. Q4 2023SEC
Q4 2023Feb 29, 2024Amended735$485.7MSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETFiShares Trvs. Q3 2023SEC
Q3 2023Nov 30, 2023Amended72$411.7MSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETFiShares Trvs. Q2 2023SEC
Q2 2023Sep 7, 202372$418.0MSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETFiShares Trvs. Q1 2023SEC
Q1 2023Sep 7, 202370$396.9MSchwab U.S. Large-Cap ETFSchwab US Tips ETFiShares Trvs. Q4 2022SEC
Q4 2022Feb 10, 202352$373.3MSchwab U.S. Large-Cap ETFSchwab US Tips ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022Amended54$320.9MSchwab U.S. Large-Cap ETFSchwab US Tips ETFiShares Trvs. Q2 2022SEC
Q2 2022Aug 9, 202255$293.2MSchwab U.S. Large-Cap ETFSchwab US Tips ETFSchwab U.S. Large-Cap Value ETFvs. Q1 2022SEC
Q1 2022Aug 9, 202258$313.1MSchwab U.S. Large-Cap ETFSchwab US Tips ETFSchwab U.S. Large-Cap Value ETFvs. Q4 2021SEC
Q4 2021Aug 9, 202262$291.0MSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFiShares Tr–SEC