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Livermore
Livermore
ZHEN

Kestra Advisory Services, LLC

SEC CIK
0001830819
Latest filing
Jul 28, 2026

The latest 13F from Kestra Advisory Services, LLC covers Q2 2026 (filed Jul 28, 2026): 3,248 long positions worth $31.0B. The top 10 holdings make up 16.5% of the portfolio, and the largest is Apple Inc. (AAPL) at 2.8%. Livermore has 28 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
273
Est. +$238.5M
Added
1434
Est. +$2.60B
Reduced
1464
Est. −$1.33B
Sold out
130
Est. −$101.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    2.8%$862.0MHistory
  2. NVDANVIDIA Corp
    2.0%$604.9MHistory
  3. PHParker-Hannifin Corp
    1.9%$601.4MHistory
  4. Invesco QQQ Trust Series I46090E103
    1.9%$588.7M
  5. iShares Core S&P 500 ETF464287200
    1.9%$579.4M

Share of portfolio

Top 5 holdings and the other 3,243 positions, by share of portfolio value

  1. AAPL2.8%
  2. NVDA2.0%
  3. PH1.9%
  4. Invesco QQQ Trust Series I1.9%
  5. iShares Core S&P 500 ETF1.9%
  6. Other 3,243 positions89.5%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core Dividend Growth ETF46434V621
    +$104.2MAdded
  2. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$56.1MAdded
  3. Capital Group Dividend Value14020W106
    +$54.1MAdded
  4. GOOGAlphabet Inc.
    +$53.8MAddedHistory
  5. Capital Group Growth ETF14020G101
    +$47.0MAdded

Largest weight increases

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

  1. iShares Core Dividend Growth ETF46434V621
    +0.32 pp0.2% → 0.5%
  2. GOOGAlphabet Inc.
    +0.21 pp0.7% → 0.9%History
  3. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +0.18 pp0.1% → 0.2%
  4. Capital Group Dividend Value14020W106
    +0.16 pp0.9% → 1.1%
  5. Capital Group Growth ETF14020G101
    +0.15 pp0.5% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$51.3MReducedHistory
  2. HONHoneywell International Inc
    −$44.9MSold outHistory
  3. MUMicron Technology Inc
    −$27.4MReducedHistory
  4. WisdomTree Tr97717Y527
    −$25.9MReduced
  5. GLDSPDR Gold Trust
    −$22.7MReducedHistory

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −0.26 pp0.7% → 0.4%History
  2. AAPLApple Inc.
    −0.25 pp3.0% → 2.8%History
  3. HONHoneywell International Inc
    −0.17 pp0.2% → 0.0%History
  4. WisdomTree Tr97717Y527
    −0.14 pp0.4% → 0.2%
  5. WMTWalmart Inc.
    −0.12 pp0.4% → 0.3%History

Metrics

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

Portfolio value
$31.0B
+$4.54B (+17.2%) vs. prior quarter
Positions
3,248
+143 vs. prior quarter
Top 10 concentration
16.5%
Top 10 as share of value
Turnover
5.0%
Q2 2026, one quarter
Average holding period
19.3 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 $31.0B (Q2 2026)

Q1 2021: $7.88BQ2 2021: $8.81BQ3 2021: $10.0BQ4 2021: $9.88BQ1 2022: $9.60BQ2 2022: $9.73BQ3 2022: $9.34BQ4 2022: $11.3BQ1 2023: $9.22BQ2 2023: $9.99BQ3 2023: $10.2BQ4 2023: $12.2BQ1 2024: $14.9BQ2 2024: $17.9BQ3 2024: $18.1BQ4 2024: $18.3BQ1 2025: $20.6BQ2 2025: $20.5BQ3 2025: $21.8BQ4 2025: $24.2BQ1 2026: $26.4BQ2 2026: $31.0B
Q1 2021Q2 2026
13F filings of Kestra Advisory Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 20263,248$31.0BAAPLNVDAPHvs. Q1 2026SEC
Q1 2026Apr 30, 20263,105$26.4BAAPLPHNVDAvs. Q4 2025SEC
Q4 2025Feb 13, 20264,515$24.2BAAPLNVDAPHvs. Q3 2025SEC
Q3 2025Nov 14, 20252,882$21.8BAAPLNVDAPHvs. Q2 2025SEC
Q2 2025Aug 15, 20252,807$20.5BBRK.AAAPLiShares Core S&P 500 ETFvs. Q1 2025SEC
Q1 2025May 14, 20252,742$20.6BBRK.AAAPLPHvs. Q4 2024SEC
Q4 2024Feb 10, 20252,632$18.3BAAPLiShares Core S&P 500 ETFPHvs. Q3 2024SEC
Q3 2024Nov 13, 20242,532$18.1BAAPLPHMSFTvs. Q2 2024SEC
Q2 2024Aug 14, 20242,606$17.9BAAPLMSFTNVDAvs. Q1 2024SEC
Q1 2024May 15, 20242,450$14.9BAAPLPHMSFTvs. Q4 2023SEC
Q4 2023Feb 14, 20242,269$12.2BAAPLPHiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 13, 20232,105$10.2BAAPLPHiShares Core S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 11, 20232,101$9.99BAAPLPHiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 12, 20232,045$9.22BAAPLiShares Core S&P 500 ETFPHvs. Q4 2022SEC
Q4 2022Jan 31, 20232,249$11.3BAAPLiShares Core S&P 500 ETFMSFTvs. Q3 2022SEC
Q3 2022Nov 1, 2022Amended2,099$9.34BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2022SEC
Q2 2022Aug 12, 20222,128$9.73BAAPLiShares Core S&P 500 ETFGOOGLvs. Q1 2022SEC
Q1 2022Jul 20, 2022Amended1,997$9.60BAAPLiShares Core S&P 500 ETFMSFTvs. Q4 2021SEC
Q4 2021Jul 25, 2022Amended2,004$9.88BAAPLiShares Core S&P 500 ETFMSFTvs. Q3 2021SEC
Q3 2021Jul 25, 2022Amended2,107$10.0BAAPLiShares Core S&P 500 ETFMSFTvs. Q2 2021SEC
Q2 2021Jul 26, 2022Amended1,994$8.81BAAPLiShares Core S&P 500 ETFMSFTvs. Q1 2021SEC
Q1 2021Jul 27, 2022Amended1,844$7.88BAAPLiShares Core S&P 500 ETFMSFT–SEC