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Livermore
Livermore
ZHEN

AF Advisors, Inc.

SEC CIK
0001818044
Latest filing
Jul 31, 2026

The latest 13F from AF Advisors, Inc. covers Q2 2026 (filed Jul 31, 2026): 30 long positions worth $203.6M. The top 10 holdings make up 96.0% of the portfolio, and the largest is Fair Isaac Corp (FICO) at 73.8%. 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
4
Est. +$1.80M
Added
4
Est. +$19.2K
Reduced
8
Est. −$439.0K
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. FICOFair Isaac Corp
    73.8%$150.4MHistory
  2. Vanguard High Dividend Yield Index ETF921946406
    9.2%$18.8M
  3. State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853
    4.2%$8.65M
  4. State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847
    4.2%$8.65M
  5. WFCWells Fargo & Company
    1.2%$2.40MHistory

Share of portfolio

Top 5 holdings and the other 25 positions, by share of portfolio value

  1. FICO73.8%
  2. Vanguard High Dividend Yield Index ETF9.2%
  3. State Street SPDR Portfolio S&P 600 Small Cap ETF4.2%
  4. State Street SPDR Portfolio S&P 400 Mid Cap ETF4.2%
  5. WFC1.2%
  6. Other 25 positions7.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab US Dividend Equity ETF808524797
    +$1.14MNew
  2. GOOGAlphabet Inc.
    +$233.2KNewHistory
  3. Vanguard Morningstar Small-Cap ETF922908751
    +$223.3KNew
  4. MSMorgan Stanley
    +$209.0KNewHistory
  5. Vanguard Information Technology ETF92204A702
    +$16.7KAddedConverted for a 8-for-1 split

Largest weight increases

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

  1. Schwab US Dividend Equity ETF808524797
    +0.56 pp0.0% → 0.6%
  2. GOOGAlphabet Inc.
    +0.11 pp0.0% → 0.1%History
  3. Vanguard Morningstar Small-Cap ETF922908751
    +0.11 pp0.0% → 0.1%
  4. MSMorgan Stanley
    +0.10 pp0.0% → 0.1%History
  5. Vanguard Information Technology ETF92204A702
    +0.04 pp0.1% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FICOFair Isaac Corp
    −$258.1KReducedHistory
  2. CATCaterpillar Inc
    −$106.5KReducedHistory
  3. iShares Select Dividend ETF464287168
    −$38.6KReduced
  4. Schwab U.S. Broad Market ETF808524102
    −$14.3KReduced
  5. Vanguard Morningstar Total Stock Market ETF922908769
    −$11.5KReduced

Largest weight decreases

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

  1. FICOFair Isaac Corp
    −0.56 pp74.4% → 73.8%History
  2. Vanguard High Dividend Yield Index ETF921946406
    −0.51 pp9.7% → 9.2%
  3. iShares Select Dividend ETF464287168
    −0.04 pp0.2% → 0.2%

Metrics

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

Portfolio value
$203.6M
+$22.7M (+12.6%) vs. prior quarter
Positions
30
+4 vs. prior quarter
Top 10 concentration
96.0%
Top 10 as share of value
Turnover
0.2%
Q2 2026, one quarter
Average holding period
18.3 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 $723.1M (Q4 2024)

Q1 2021: $188.6MQ2 2021: $200.2MQ3 2021: $159.4MQ4 2021: $174.0MQ1 2022: $149.5MQ2 2022: $157.8MQ3 2022: $157.4MQ4 2022: $157.4MQ1 2023: $263.1MQ2 2023: $299.4MQ3 2023: $321.0MQ4 2023: $428.7MQ1 2024: $461.2MQ2 2024: $545.1MQ3 2024: $708.4MQ4 2024: $723.1MQ1 2025: $528.5MQ2 2025: $289.9MQ3 2025: $246.2MQ4 2025: $263.2MQ1 2026: $180.9MQ2 2026: $203.6M
Q1 2021Q2 2026
13F filings of AF Advisors, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 202630$203.6MFICOVanguard High Dividend Yield Index ETFState Street SPDR Portfolio S&P 600 Small Cap ETFvs. Q1 2026SEC
Q1 2026May 1, 202626$180.9MFICOVanguard High Dividend Yield Index ETFState Street SPDR Portfolio S&P 400 Mid Cap ETFvs. Q4 2025SEC
Q4 2025Feb 6, 202629$263.2MFICOVanguard High Dividend Yield Index ETFState Street SPDR Portfolio S&P 400 Mid Cap ETFvs. Q3 2025SEC
Q3 2025Nov 10, 202530$246.2MFICOVanguard High Dividend Yield Index ETFState Street SPDR Portfolio S&P 400 Mid Cap ETFvs. Q2 2025SEC
Q2 2025Jul 31, 202528$289.9MFICOVanguard High Dividend Yield Index ETFState Street SPDR Portfolio S&P 400 Mid Cap ETFvs. Q1 2025SEC
Q1 2025Apr 29, 202522$528.5MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q4 2024SEC
Q4 2024Feb 12, 202521$723.1MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q3 2024SEC
Q3 2024Nov 4, 202423$708.4MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q2 2024SEC
Q2 2024Aug 5, 202421$545.1MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q1 2024SEC
Q1 2024Apr 24, 202422$461.2MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q4 2023SEC
Q4 2023Feb 6, 202418$428.7MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q3 2023SEC
Q3 2023Nov 7, 202316$321.0MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q2 2023SEC
Q2 2023Aug 18, 202316$299.4MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q1 2023SEC
Q1 2023May 12, 202315$263.1MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Feb 8, 202315$157.4MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q3 2022SEC
Q3 2022Nov 4, 202215$157.4MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q2 2022SEC
Q2 2022Jul 29, 202219$157.8MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q1 2022SEC
Q1 2022May 6, 202213$149.5MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q4 2021SEC
Q4 2021Feb 9, 202225$174.0MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q3 2021SEC
Q3 2021Nov 12, 202123$159.4MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q2 2021SEC
Q2 2021Aug 10, 202124$200.2MFICOWFCVanguard Morningstar Total Stock Market ETFvs. Q1 2021SEC
Q1 2021May 10, 202112$188.6MFICOCATCVX–SEC