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Livermore
Livermore
ZHEN

Prudent Man Advisors, LLC

SEC CIK
0001817174
Latest filing
Aug 5, 2026

The latest 13F from Prudent Man Advisors, LLC covers Q2 2026 (filed Aug 5, 2026): 141 long positions worth $437.5M. The top 10 holdings make up 38.7% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 9.9%. 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
15
Est. +$20.7M
Added
104
Est. +$53.3M
Reduced
18
Est. −$13.2M
Sold out
8
Est. −$3.31M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    9.9%$43.3M
  2. Vanguard Total Bond Market ETF921937835
    5.8%$25.5M
  3. iShares Tr464288513
    4.0%$17.5M
  4. NVDANVIDIA Corp
    3.4%$15.0MHistory
  5. AAPLApple Inc.
    3.2%$14.1MHistory

Share of portfolio

Top 5 holdings and the other 136 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF9.9%
  2. Vanguard Total Bond Market ETF5.8%
  3. iShares Tr4.0%
  4. NVDA3.4%
  5. AAPL3.2%
  6. Other 136 positions73.6%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288513
    +$6.53MAdded
  2. Vanguard Scottsdale FDS92206C664
    +$5.48MAdded
  3. SPDR Series Trust78468R622
    +$5.45MAdded
  4. Ssga Active ETF Tr78467V608
    +$5.44MNew
  5. AMDAdvanced Micro Devices Inc
    +$4.80MNewHistory

Largest weight increases

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

  1. Ssga Active ETF Tr78467V608
    +1.24 pp0.0% → 1.2%
  2. Vanguard Scottsdale FDS92206C664
    +1.22 pp0.5% → 1.7%
  3. SPDR Series Trust78468R622
    +1.17 pp0.3% → 1.5%
  4. AMDAdvanced Micro Devices Inc
    +1.10 pp0.0% → 1.1%History
  5. Goldman Sachs ETF Tr381430107
    +0.85 pp0.1% → 1.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −$2.78MReduced
  2. MUMicron Technology Inc
    −$2.30MReducedHistory
  3. GLWCorning Inc
    −$1.36MReducedHistory
  4. METAMeta Platforms, Inc.
    −$1.33MReducedHistory
  5. BSXBoston Scientific Corp
    −$1.16MSold outHistory

Largest weight decreases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    −2.07 pp12.0% → 9.9%
  2. METAMeta Platforms, Inc.
    −0.63 pp1.3% → 0.7%History
  3. iShares Tr46435G425
    −0.56 pp2.7% → 2.2%
  4. Vanguard Short-Term Bond ETF921937827
    −0.53 pp2.1% → 1.6%
  5. BSXBoston Scientific Corp
    −0.35 pp0.3% → 0.0%History

Metrics

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

Portfolio value
$437.5M
+$103.6M (+31.0%) vs. prior quarter
Positions
141
+7 vs. prior quarter
Top 10 concentration
38.7%
Top 10 as share of value
Turnover
4.3%
Q2 2026, one quarter
Average holding period
17.4 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 $437.5M (Q2 2026)

Q1 2021: $238.0MQ2 2021: $259.1MQ3 2021: $264.3MQ4 2021: $262.8MQ1 2022: $246.7MQ2 2022: $214.3MQ3 2022: $211.1MQ4 2022: $247.4MQ1 2023: $255.8MQ2 2023: $266.0MQ3 2023: $252.1MQ4 2023: $268.0MQ1 2024: $266.6MQ2 2024: $282.9MQ3 2024: $299.7MQ4 2024: $275.3MQ1 2025: $275.4MQ2 2025: $314.9MQ3 2025: $271.5MQ4 2025: $274.7MQ1 2026: $333.9MQ2 2026: $437.5M
Q1 2021Q2 2026
13F filings of Prudent Man Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026141$437.5MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q1 2026SEC
Q1 2026May 8, 2026134$333.9MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFNVDAvs. Q4 2025SEC
Q4 2025Feb 11, 2026135$274.7MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q3 2025SEC
Q3 2025Nov 13, 2025133$271.5MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q2 2025SEC
Q2 2025Jul 31, 2025181$314.9MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q1 2025SEC
Q1 2025May 1, 2025171$275.4MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q4 2024SEC
Q4 2024Feb 5, 2025169$275.3MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q3 2024SEC
Q3 2024Nov 7, 2024183$299.7MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q2 2024SEC
Q2 2024Aug 13, 2024173$282.9MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q1 2024SEC
Q1 2024May 14, 2024177$266.6MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q4 2023SEC
Q4 2023Feb 13, 2024188$268.0MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q3 2023SEC
Q3 2023Nov 9, 2023187$252.1MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q2 2023SEC
Q2 2023Aug 10, 2023205$266.0MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q1 2023SEC
Q1 2023May 5, 2023200$255.8MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q4 2022SEC
Q4 2022Feb 13, 2023200$247.4MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q3 2022SEC
Q3 2022Nov 9, 2022168$211.1MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q2 2022SEC
Q2 2022Aug 5, 2022159$214.3MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q1 2022SEC
Q1 2022May 9, 2022185$246.7MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q4 2021SEC
Q4 2021Feb 10, 2022186$262.8MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q3 2021SEC
Q3 2021Nov 10, 2021207$264.3MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q2 2021SEC
Q2 2021Aug 3, 2021209$259.1MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Trvs. Q1 2021SEC
Q1 2021May 14, 2021197$238.0MVanguard Morningstar Total Stock Market ETFVanguard Total Bond Market ETFiShares Tr–SEC