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Livermore
Livermore
ZHEN

Advisor Resource Council

SEC CIK
0001820879
Latest filing
Jul 28, 2026

The latest 13F from Advisor Resource Council covers Q2 2026 (filed Jul 28, 2026): 260 long positions worth $299.8M. The top 10 holdings make up 38.0% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 19.4%. Livermore has 22 filings on Form 13F from this institution, going back to Q2 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. +$18.3M
Added
121
Est. +$14.1M
Reduced
83
Est. −$10.7M
Sold out
13
Est. −$6.13M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    19.4%$58.2MHistory
  2. Invesco Exchange Traded FD T46137V357
    4.5%$13.6M
  3. AAPLApple Inc.
    2.8%$8.48MHistory
  4. JPMJPMorgan Chase & Co
    2.0%$6.03MHistory
  5. State Street Technology Select Sector SPDR ETF81369Y803
    1.9%$5.81M

Share of portfolio

Top 5 holdings and the other 255 positions, by share of portfolio value

  1. SPY19.4%
  2. Invesco Exchange Traded FD T4.5%
  3. AAPL2.8%
  4. JPM2.0%
  5. State Street Technology Select Sector SPDR ETF1.9%
  6. Other 255 positions69.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco QQQ Trust Series I46090E103
    +$2.34MAdded
  2. State Street Utilities Select Sector SPDR ETF81369Y886
    +$1.40MNew
  3. State Street Industrial Select Sector SPDR ETF81369Y704
    +$1.38MNew
  4. JNJJohnson & Johnson
    +$1.20MNewHistory
  5. Global X FDS37954Y673
    +$1.12MAdded

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +0.80 pp0.3% → 1.1%
  2. State Street Utilities Select Sector SPDR ETF81369Y886
    +0.47 pp0.0% → 0.5%
  3. State Street Industrial Select Sector SPDR ETF81369Y704
    +0.46 pp0.0% → 0.5%
  4. JNJJohnson & Johnson
    +0.40 pp0.0% → 0.4%History
  5. Global X FDS37954Y673
    +0.35 pp0.6% → 1.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Series Trust78468R101
    −$1.62MReduced
  2. State Street Financial Select Sector SPDR ETF81369Y605
    −$1.35MReduced
  3. Invesco Actvely MNGD Etc FD46090F100
    −$1.17MSold out
  4. Vanguard Ftse Developed Markets ETF921943858
    −$1.05MReduced
  5. IAUiShares Gold Trust
    −$967.7KSold outHistory

Largest weight decreases

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

  1. SPDR Series Trust78468R101
    −0.70 pp1.0% → 0.3%
  2. Invesco Exchange Traded FD T46137V357
    −0.59 pp5.1% → 4.5%
  3. SPDR Series Trust78468R523
    −0.55 pp1.6% → 1.0%
  4. State Street Financial Select Sector SPDR ETF81369Y605
    −0.51 pp1.4% → 0.9%
  5. Invesco Actvely MNGD Etc FD46090F100
    −0.46 pp0.5% → 0.0%

Metrics

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

Portfolio value
$299.8M
+$46.8M (+18.5%) vs. prior quarter
Positions
260
+32 vs. prior quarter
Top 10 concentration
38.0%
Top 10 as share of value
Turnover
6.1%
Q2 2026, one quarter
Average holding period
9.1 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 (Q2 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q2 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.29B (Q4 2021)

Q2 2021: $956.7MQ3 2021: $326.7MQ4 2021: $1.29BQ1 2022: $327.5MQ2 2022: $1.07BQ3 2022: $142.6MQ4 2022: $168.3MQ1 2023: $397.3MQ2 2023: $171.4MQ3 2023: $151.1MQ4 2023: $859.1MQ1 2024: $235.9MQ2 2024: $54.7MQ3 2024: $220.2MQ4 2024: $139.3MQ1 2025: $1.24BQ2 2025: $203.8MQ3 2025: $74.1MQ4 2025: $280.7MQ1 2026: $252.9MQ2 2026: $299.8M
Q2 2021Q2 2026
13F filings of Advisor Resource Council by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 2026260$299.8MSPYInvesco Exchange Traded FD TAAPLvs. Q1 2026SEC
Q1 2026May 7, 2026228$252.9MSPYInvesco Exchange Traded FD TAAPLvs. Q4 2025SEC
Q4 2025Feb 10, 2026231$280.7MSPYInvesco Exchange Traded FD TAAPLvs. Q3 2025SEC
Q3 2025Nov 13, 202540$74.1MSPYInvesco Exchange Traded FD TiShares Incvs. Q2 2025SEC
Q2 2025Aug 11, 2025174$203.8MSPYInvesco Exchange Traded FD TiShares Core S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 22, 2025582$1.24BSPYAAPLInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Feb 26, 202569$139.3MSPYInvesco Exchange Traded FD TiShares Incvs. Q3 2024SEC
Q3 2024Oct 31, 2024233$220.2MSPYAAPLMSFTvs. Q2 2024SEC
Q2 2024Jul 15, 202465$54.7MSPYInvesco Exchange Traded FD TiShares Incvs. Q1 2024SEC
Q1 2024Apr 19, 2024229$235.9MSPYInvesco Exchange Traded FD TAAPLvs. Q4 2023SEC
Q4 2023Jan 12, 2024481$859.1MSPYState Street Technology Select Sector SPDR ETFAAPLvs. Q3 2023SEC
Q3 2023Oct 25, 2023150$151.1MSPYAAPLMSFTvs. Q2 2023SEC
Q2 2023Jul 14, 2023155$171.4MSPYAAPLInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023Apr 25, 2023259$397.3MSPYETF Ser SolutionsETF Ser Solutionsvs. Q4 2022SEC
Q4 2022Jan 20, 2023157$168.3MSPYColony Cap IncBenefitfocus, Inc.vs. Q3 2022SEC
Q3 2022Oct 26, 2022150$142.6MSPYAAPLMSFTvs. Q2 2022SEC
Q2 2022Jul 27, 2022516$1.07BSPYState Street Energy Select Sector SPDR ETFState Street Technology Select Sector SPDR ETFvs. Q1 2022SEC
Q1 2022Apr 20, 2022212$327.5MSPYState Street Technology Select Sector SPDR ETFState Street Energy Select Sector SPDR ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022572$1.29BSPYState Street SPDR Portfolio S&P 500 ETFState Street Technology Select Sector SPDR ETFvs. Q3 2021SEC
Q3 2021Nov 16, 2021220$326.7MSPYGLDiShares Core S&P 500 ETFvs. Q2 2021SEC
Q2 2021Aug 19, 2021Amended492$956.7MSPYState Street SPDR Portfolio S&P 500 ETFInvesco QQQ Trust Series I–SEC