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Livermore
Livermore
ZHEN

Bellwether Advisors, LLC

SEC CIK
0001819815
Latest filing
Aug 13, 2026

The latest 13F from Bellwether Advisors, LLC covers Q2 2026 (filed Aug 13, 2026): 167 long positions worth $675.0M. The top 10 holdings make up 42.6% of the portfolio, and the largest is State Street Technology Select Sector SPDR ETF at 10.6%. 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
45
Est. +$147.5M
Added
43
Est. +$54.1M
Reduced
49
Est. −$130.9M
Sold out
37
Est. −$68.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street Technology Select Sector SPDR ETF81369Y803
    10.6%$71.7M
  2. iShares Core S&P 500 ETF464287200
    6.5%$44.0M
  3. Vanguard Ftse Developed Markets ETF921943858
    4.9%$32.8M
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    4.2%$28.3M
  5. State Street Health Care Select Sector SPDR ETF81369Y209
    3.3%$22.6M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Developed Markets ETF921943858
    +$32.8MNew
  2. iShares Core MSCI Emerging Markets ETF46434G103
    +$19.5MNew
  3. State Street Energy Select Sector SPDR ETF81369Y506
    +$8.09MAdded
  4. Vanguard Financials ETF92204A405
    +$7.64MNew
  5. State Street Technology Select Sector SPDR ETF81369Y803
    +$7.61MAdded

Largest weight increases

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

  1. Vanguard Ftse Developed Markets ETF921943858
    +4.87 pp0.0% → 4.9%
  2. State Street Technology Select Sector SPDR ETF81369Y803
    +3.05 pp7.6% → 10.6%
  3. iShares Core MSCI Emerging Markets ETF46434G103
    +2.89 pp0.0% → 2.9%
  4. Vanguard Financials ETF92204A405
    +1.13 pp0.0% → 1.1%
  5. State Street Energy Select Sector SPDR ETF81369Y506
    +1.11 pp0.4% → 1.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street Materials Select Sector SPDR ETF81369Y100
    −$27.2MReduced
  2. State Street Financial Select Sector SPDR ETF81369Y605
    −$22.2MReduced
  3. State Street Industrial Select Sector SPDR ETF81369Y704
    −$14.3MReduced
  4. WDCWestern Digital Corp
    −$13.3MReducedHistory
  5. AVGOBroadcom Inc.
    −$8.53MReducedHistory

Largest weight decreases

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

  1. State Street Materials Select Sector SPDR ETF81369Y100
    −4.67 pp5.8% → 1.1%
  2. State Street Financial Select Sector SPDR ETF81369Y605
    −3.57 pp5.3% → 1.8%
  3. State Street Industrial Select Sector SPDR ETF81369Y704
    −2.12 pp6.3% → 4.2%
  4. GLDSPDR Gold Trust
    −1.26 pp2.0% → 0.7%History
  5. AVGOBroadcom Inc.
    −1.14 pp1.9% → 0.7%History

Metrics

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

Portfolio value
$675.0M
+$84.9M (+14.4%) vs. prior quarter
Positions
167
+8 vs. prior quarter
Top 10 concentration
42.6%
Top 10 as share of value
Turnover
31.5%
Q2 2026, one quarter
Average holding period
11.3 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 $675.0M (Q2 2026)

Q1 2021: $252.5MQ2 2021: $290.0MQ3 2021: $300.6MQ4 2021: $321.3MQ1 2022: $335.8MQ2 2022: $310.9MQ3 2022: $303.1MQ4 2022: $344.4MQ1 2023: $365.2MQ2 2023: $339.9MQ3 2023: $367.5MQ4 2023: $406.7MQ1 2024: $455.2MQ2 2024: $476.8MQ3 2024: $520.6MQ4 2024: $559.2MQ1 2025: $478.7MQ2 2025: $585.4MQ3 2025: $604.9MQ4 2025: $626.6MQ1 2026: $590.2MQ2 2026: $675.0M
Q1 2021Q2 2026
13F filings of Bellwether Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026167$675.0MState Street Technology Select Sector SPDR ETFiShares Core S&P 500 ETFVanguard Ftse Developed Markets ETFvs. Q1 2026SEC
Q1 2026May 12, 2026159$590.2MState Street Technology Select Sector SPDR ETFiShares Core S&P 500 ETFState Street Industrial Select Sector SPDR ETFvs. Q4 2025SEC
Q4 2025Feb 9, 2026134$626.6MState Street Technology Select Sector SPDR ETFState Street Consumer Discretionary Select Sector SPDR ETFState Street Communication Services Select Sector SPDR ETFvs. Q3 2025SEC
Q3 2025Nov 12, 2025136$604.9MState Street Technology Select Sector SPDR ETFState Street Communication Services Select Sector SPDR ETFState Street Consumer Discretionary Select Sector SPDR ETFvs. Q2 2025SEC
Q2 2025Aug 11, 2025599$585.4MState Street Technology Select Sector SPDR ETFState Street Consumer Discretionary Select Sector SPDR ETFState Street Industrial Select Sector SPDR ETFvs. Q1 2025SEC
Q1 2025May 7, 2025514$478.7MState Street Technology Select Sector SPDR ETFState Street Financial Select Sector SPDR ETFiShares Core S&P 500 ETFvs. Q4 2024SEC
Q4 2024Feb 14, 2025514$559.2MState Street Technology Select Sector SPDR ETFState Street Financial Select Sector SPDR ETFiShares Core S&P 500 ETFvs. Q3 2024SEC
Q3 2024Nov 8, 2024125$520.6MState Street Technology Select Sector SPDR ETFiShares Core S&P 500 ETFState Street Financial Select Sector SPDR ETFvs. Q2 2024SEC
Q2 2024Aug 1, 2024119$476.8MState Street Technology Select Sector SPDR ETFiShares Core S&P 500 ETFiShares Trvs. Q1 2024SEC
Q1 2024May 6, 2024118$455.2MState Street Technology Select Sector SPDR ETFiShares TriShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 12, 2024113$406.7MState Street Technology Select Sector SPDR ETFiShares TriShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 30, 2023111$367.5MState Street Technology Select Sector SPDR ETFiShares Core S&P 500 ETFiShares Trvs. Q2 2023SEC
Q2 2023Aug 4, 202390$339.9MState Street Health Care Select Sector SPDR ETFState Street Technology Select Sector SPDR ETFiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 5, 2023486$365.2MState Street Health Care Select Sector SPDR ETFState Street Technology Select Sector SPDR ETFiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023447$344.4MState Street Health Care Select Sector SPDR ETFState Street Consumer Staples Select Sector SPDR ETFiShares Core S&P 500 ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022528$303.1MInnovator ETFs TrustiShares Core S&P 500 ETFState Street Utilities Select Sector SPDR ETFvs. Q2 2022SEC
Q2 2022Aug 5, 2022450$310.9MState Street Utilities Select Sector SPDR ETFiShares Core S&P 500 ETFState Street Health Care Select Sector SPDR ETFvs. Q1 2022SEC
Q1 2022Apr 29, 2022578$335.8MiShares Core S&P 500 ETFState Street Utilities Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETFvs. Q4 2021SEC
Q4 2021Jan 28, 2022578$321.3MiShares Core S&P 500 ETFState Street Utilities Select Sector SPDR ETFState Street Financial Select Sector SPDR ETFvs. Q3 2021SEC
Q3 2021Nov 12, 2021560$300.6MiShares Core S&P 500 ETFState Street Consumer Staples Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETFvs. Q2 2021SEC
Q2 2021Aug 10, 2021449$290.0MiShares Core S&P 500 ETFState Street Technology Select Sector SPDR ETFiShares MSCI USA Min Vol Factor ETFvs. Q1 2021SEC
Q1 2021May 6, 2021424$252.5MiShares Core S&P 500 ETFiShares MSCI USA Min Vol Factor ETFState Street Financial Select Sector SPDR ETF–SEC