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Livermore
Livermore
ZHEN

MBA Advisors LLC

SEC CIK
0001848704
Latest filing
Jul 28, 2026

The latest 13F from MBA Advisors LLC covers Q2 2026 (filed Jul 28, 2026): 164 long positions worth $293.7M. The top 10 holdings make up 41.8% of the portfolio, and the largest is Vanguard Intermediate-Term Bond ETF at 6.5%. 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
21
Est. +$6.01M
Added
78
Est. +$15.5M
Reduced
45
Est. −$5.32M
Sold out
3
Est. −$921.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Intermediate-Term Bond ETF921937819
    6.5%$19.2M
  2. iShares Tr46434V456
    5.4%$15.8M
  3. Schwab U.S. Large-Cap ETF808524201
    4.0%$11.8M
  4. Schwab U.S. Large-Cap Growth ETF808524300
    3.9%$11.6M
  5. WisdomTree Tr97717X669
    3.9%$11.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Intermediate-Term Bond ETF921937819
    +$2.34MAdded
  2. Dimensional U.S. Small Cap ETF25434V500
    +$1.45MAdded
  3. J P Morgan Exchange Traded F46641Q332
    +$1.18MAdded
  4. iShares Tr46434V456
    +$1.15MAdded
  5. iShares Tr464287457
    +$1.14MAdded

Largest weight increases

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

  1. Dimensional U.S. Small Cap ETF25434V500
    +0.57 pp2.8% → 3.3%
  2. INTCIntel Corp
    +0.41 pp0.1% → 0.5%History
  3. NEANuveen AMT-Free Quality Municipal Income Fund
    +0.38 pp0.0% → 0.4%History
  4. Schwab U.S. Large-Cap Growth ETF808524300
    +0.35 pp3.6% → 3.9%
  5. Dimensional Emerging Core Equity Market ETF25434V302
    +0.26 pp2.5% → 2.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab U.S. Mid-Cap ETF808524508
    −$1.30MReduced
  2. GEGeneral Electric Co
    −$1.12MReducedHistory
  3. iShares MSCI India ETF46429B598
    −$427.1KSold out
  4. GEVGE Vernova Inc.
    −$406.5KReducedHistory
  5. ASMLASML Holding NV
    −$399.9KReducedHistory

Largest weight decreases

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

  1. Schwab U.S. Mid-Cap ETF808524508
    −0.39 pp0.9% → 0.5%
  2. GEGeneral Electric Co
    −0.31 pp0.4% → 0.1%History
  3. Janus Detroit STR Tr47103U845
    −0.31 pp2.5% → 2.2%
  4. XOMExxonMobil Holdings Corp
    −0.24 pp0.8% → 0.6%History
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.20 pp1.2% → 1.0%

Metrics

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

Portfolio value
$293.7M
+$33.4M (+12.8%) vs. prior quarter
Positions
164
+18 vs. prior quarter
Top 10 concentration
41.8%
Top 10 as share of value
Turnover
2.3%
Q2 2026, one quarter
Average holding period
17.9 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 $293.7M (Q2 2026)

Q1 2021: $120.5MQ2 2021: $133.6MQ3 2021: $135.5MQ4 2021: $161.4MQ1 2022: $161.5MQ2 2022: $145.5MQ3 2022: $138.2MQ4 2022: $152.9MQ1 2023: $160.6MQ2 2023: $167.3MQ3 2023: $162.9MQ4 2023: $179.4MQ1 2024: $193.4MQ2 2024: $195.6MQ3 2024: $208.3MQ4 2024: $197.2MQ1 2025: $202.0MQ2 2025: $216.7MQ3 2025: $234.1MQ4 2025: $248.1MQ1 2026: $260.3MQ2 2026: $293.7M
Q1 2021Q2 2026
13F filings of MBA Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 2026164$293.7MVanguard Intermediate-Term Bond ETFiShares TrSchwab U.S. Large-Cap ETFvs. Q1 2026SEC
Q1 2026Apr 20, 2026146$260.3MVanguard Intermediate-Term Bond ETFiShares TrIAUvs. Q4 2025SEC
Q4 2025Jan 21, 2026138$248.1MVanguard Intermediate-Term Bond ETFiShares TrSchwab U.S. Large-Cap ETFvs. Q3 2025SEC
Q3 2025Oct 28, 2025142$234.1MVanguard Intermediate-Term Bond ETFiShares TrSchwab U.S. Large-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 17, 2025134$216.7MVanguard Intermediate-Term Bond ETFiShares TrSchwab U.S. Large-Cap ETFvs. Q1 2025SEC
Q1 2025Apr 29, 2025132$202.0MVanguard Intermediate-Term Bond ETFiShares TrSchwab U.S. Large-Cap ETFvs. Q4 2024SEC
Q4 2024Jan 29, 2025127$197.2MVanguard Intermediate-Term Bond ETFSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2024SEC
Q3 2024Oct 25, 2024130$208.3MVanguard Intermediate-Term Bond ETFiShares TrSchwab U.S. Large-Cap ETFvs. Q2 2024SEC
Q2 2024Jul 30, 2024126$195.6MVanguard Intermediate-Term Bond ETFiShares TriShares Trvs. Q1 2024SEC
Q1 2024Apr 26, 2024126$193.4MVanguard Intermediate-Term Bond ETFiShares TriShares Trvs. Q4 2023SEC
Q4 2023Jan 19, 2024122$179.4MiShares TrVanguard Intermediate-Term Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2023SEC
Q3 2023Oct 19, 2023115$162.9MVanguard Intermediate-Term Bond ETFiShares TrSchwab U.S. Large-Cap Growth ETFvs. Q2 2023SEC
Q2 2023Jul 21, 2023119$167.3MiShares TrVanguard Intermediate-Term Bond ETFSchwab U.S. Mid-Cap ETFvs. Q1 2023SEC
Q1 2023Apr 21, 2023122$160.6MVanguard Intermediate-Term Bond ETFSchwab US Dividend Equity ETFiShares Trvs. Q4 2022SEC
Q4 2022Jan 26, 2023122$152.9MVanguard Intermediate-Term Bond ETFSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFvs. Q3 2022SEC
Q3 2022Nov 1, 2022122$138.2MVanguard Intermediate-Term Bond ETFiShares TriShares Trvs. Q2 2022SEC
Q2 2022Aug 8, 2022128$145.5MiShares TrVanguard Intermediate-Term Bond ETFiShares Trvs. Q1 2022SEC
Q1 2022May 16, 2022149$161.5MiShares TrAAPLSchwab US Dividend Equity ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022151$161.4MiShares TrAAPLSchwab US Dividend Equity ETFvs. Q3 2021SEC
Q3 2021Nov 16, 2021134$135.5MiShares TrSchwab U.S. Mid-Cap ETFSchwab US Dividend Equity ETFvs. Q2 2021SEC
Q2 2021Aug 16, 2021136$133.6MiShares TrSchwab US Dividend Equity ETFSchwab U.S. Mid-Cap ETFvs. Q1 2021SEC
Q1 2021May 18, 2021131$120.5MSchwab U.S. Mid-Cap ETFSchwab US Dividend Equity ETFiShares Tr–SEC