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Livermore
Livermore
ZHEN

Garrett Investment Advisors LLC

SEC CIK
0001841506
Latest filing
Jul 6, 2026

The latest 13F from Garrett Investment Advisors LLC covers Q2 2026 (filed Jul 6, 2026): 322 long positions worth $1.37B. The top 10 holdings make up 37.1% of the portfolio, and the largest is J P Morgan Exchange Traded F at 6.6%. 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
12
Est. +$15.0M
Added
136
Est. +$58.4M
Reduced
150
Est. −$59.2M
Sold out
7
Est. −$5.70M

Top 5 holdings

Share of this quarter's portfolio value

  1. J P Morgan Exchange Traded F46641Q670
    6.6%$90.9M
  2. American Centy ETF Tr025072703
    4.5%$62.0M
  3. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    4.5%$61.8M
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    4.0%$54.7M
  5. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    3.8%$52.3M

Share of portfolio

Top 5 holdings and the other 317 positions, by share of portfolio value

  1. J P Morgan Exchange Traded F6.6%
  2. American Centy ETF Tr4.5%
  3. State Street SPDR Portfolio Developed World Ex-US ETF4.5%
  4. State Street SPDR Portfolio S&P 500 Growth ETF4.0%
  5. State Street SPDR Portfolio S&P 500 Value ETF3.8%
  6. Other 317 positions76.5%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V401
    +$12.0MNew
  2. American Centy ETF Tr025072703
    +$6.94MAdded
  3. J P Morgan Exchange Traded F46641Q670
    +$6.35MAdded
  4. Dimensional U.S. Small Cap ETF25434V500
    +$5.28MAdded
  5. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$3.16MAdded

Largest weight increases

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

  1. Dimensional ETF Trust25434V401
    +0.87 pp0.0% → 0.9%
  2. Dimensional U.S. Small Cap ETF25434V500
    +0.44 pp0.7% → 1.2%
  3. American Centy ETF Tr025072703
    +0.39 pp4.1% → 4.5%
  4. Vanguard Morningstar Total Stock Market ETF922908769
    +0.35 pp3.3% → 3.6%
  5. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +0.32 pp4.2% → 4.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. WisdomTree Tr97717X131
    −$12.5MReduced
  2. iShares MSCI USA Quality Factor ETF46432F339
    −$8.02MReduced
  3. WisdomTree Tr97717X669
    −$7.80MReduced
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$3.30MReduced
  5. SNYSanofi
    −$2.62MSold outHistory

Largest weight decreases

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

  1. WisdomTree Tr97717X131
    −0.92 pp1.4% → 0.4%
  2. WisdomTree Tr97717X669
    −0.56 pp1.0% → 0.4%
  3. iShares MSCI USA Quality Factor ETF46432F339
    −0.53 pp1.0% → 0.5%
  4. SNYSanofi
    −0.21 pp0.2% → 0.0%History
  5. CTSHCognizant Technology Solutions Corp
    −0.14 pp0.1% → 0.0%History

Metrics

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

Portfolio value
$1.37B
+$103.6M (+8.2%) vs. prior quarter
Positions
322
+5 vs. prior quarter
Top 10 concentration
37.1%
Top 10 as share of value
Turnover
4.9%
Q2 2026, one quarter
Average holding period
17.3 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 $1.37B (Q2 2026)

Q1 2021: $278.0MQ2 2021: $316.6MQ3 2021: $306.1MQ4 2021: $384.2MQ1 2022: $401.3MQ2 2022: $354.8MQ3 2022: $398.7MQ4 2022: $568.3MQ1 2023: $634.6MQ2 2023: $697.0MQ3 2023: $743.0MQ4 2023: $722.0MQ1 2024: $787.9MQ2 2024: $859.2MQ3 2024: $994.4MQ4 2024: $1.03BQ1 2025: $1.02BQ2 2025: $1.12BQ3 2025: $1.22BQ4 2025: $1.26BQ1 2026: $1.27BQ2 2026: $1.37B
Q1 2021Q2 2026
13F filings of Garrett Investment Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 6, 2026322$1.37BJ P Morgan Exchange Traded FAmerican Centy ETF TrState Street SPDR Portfolio Developed World Ex-US ETFvs. Q1 2026SEC
Q1 2026Apr 13, 2026317$1.27BJ P Morgan Exchange Traded FState Street SPDR Portfolio Developed World Ex-US ETFAmerican Centy ETF Trvs. Q4 2025SEC
Q4 2025Jan 5, 2026313$1.26BJ P Morgan Exchange Traded FState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q3 2025SEC
Q3 2025Oct 9, 2025304$1.22BJ P Morgan Exchange Traded FState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2025SEC
Q2 2025Jul 15, 2025296$1.12BJ P Morgan Exchange Traded FState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2025SEC
Q1 2025Apr 10, 2025289$1.02BJ P Morgan Exchange Traded FState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q4 2024SEC
Q4 2024Jan 15, 2025285$1.03BJ P Morgan Exchange Traded FState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2024SEC
Q3 2024Oct 17, 2024276$994.4MJ P Morgan Exchange Traded FState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q2 2024SEC
Q2 2024Jul 10, 2024267$859.2MJ P Morgan Exchange Traded FVanguard Morningstar Total Stock Market ETFAmerican Centy ETF Trvs. Q1 2024SEC
Q1 2024Apr 12, 2024251$787.9MJ P Morgan Exchange Traded FVanguard Morningstar Total Stock Market ETFAmerican Centy ETF Trvs. Q4 2023SEC
Q4 2023Jan 5, 2024244$722.0MJ P Morgan Exchange Traded FVanguard Morningstar Total Stock Market ETFAmerican Centy ETF Trvs. Q3 2023SEC
Q3 2023Oct 13, 2023253$743.0MVanguard Morningstar Total Stock Market ETFiShares TrSPDR Series Trustvs. Q2 2023SEC
Q2 2023Jul 10, 2023226$697.0MiShares TrVanguard Morningstar Total Stock Market ETFSPDR Series Trustvs. Q1 2023SEC
Q1 2023Apr 4, 2023217$634.6MiShares TrVanguard Morningstar Total Stock Market ETFSPDR Series Trustvs. Q4 2022SEC
Q4 2022Jan 9, 2023217$568.3MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Morningstar Total Stock Market ETFWisdomTree Trvs. Q3 2022SEC
Q3 2022Oct 18, 2022225$398.7MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFvs. Q2 2022SEC
Q2 2022Jul 27, 2022205$354.8MVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q1 2022SEC
Q1 2022Apr 4, 2022216$401.3MVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Short-Term Bond ETFvs. Q4 2021SEC
Q4 2021Jan 14, 2022214$384.2MVanguard Morningstar Total Stock Market ETFVanguard Short-Term Bond ETFVanguard Ftse Developed Markets ETFvs. Q3 2021SEC
Q3 2021Oct 7, 2021198$306.1MVanguard Short-Term Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Morningstar Value ETFvs. Q2 2021SEC
Q2 2021Jul 21, 2021207$316.6MVanguard Short-Term Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Morningstar Value ETFvs. Q1 2021SEC
Q1 2021Apr 20, 2021198$278.0MVanguard Short-Term Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Morningstar Value ETF–SEC