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Livermore
Livermore
ZHEN

Fermata Advisors, LLC

SEC CIK
0001859259
Latest filing
Jul 7, 2026

The latest 13F from Fermata Advisors, LLC covers Q2 2026 (filed Jul 7, 2026): 275 long positions worth $494.5M. The top 10 holdings make up 25.2% of the portfolio, and the largest is Apple Inc. (AAPL) at 3.7%. 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
47
Est. +$12.9M
Added
132
Est. +$24.4M
Reduced
87
Est. −$9.24M
Sold out
4
Est. −$4.27M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    3.7%$18.1MHistory
  2. Dimensional ETF Trust25434V203
    2.8%$13.8M
  3. J P Morgan Exchange Traded F46641Q332
    2.7%$13.6M
  4. VanEck Morningstar Wide Moat ETF92189F643
    2.6%$12.7M
  5. Capital Group Dividend Value14020W106
    2.5%$12.3M

Share of portfolio

Top 5 holdings and the other 270 positions, by share of portfolio value

  1. AAPL3.7%
  2. Dimensional ETF Trust2.8%
  3. J P Morgan Exchange Traded F2.7%
  4. VanEck Morningstar Wide Moat ETF2.6%
  5. Capital Group Dividend Value2.5%
  6. Other 270 positions85.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco QQQ Trust Series I46090E103
    +$2.93MAdded
  2. Schwab Strategic Tr808524680
    +$1.44MAdded
  3. Pgim ETF Tr69344A107
    +$1.19MAdded
  4. RBB FD Inc74933W213
    +$1.10MNew
  5. Ea Series Trust02072L565
    +$1.07MAdded

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +0.83 pp1.6% → 2.5%
  2. MUMicron Technology Inc
    +0.28 pp0.1% → 0.4%History
  3. Capital Group Dividend Value14020W106
    +0.25 pp2.2% → 2.5%
  4. Schwab Strategic Tr808524680
    +0.25 pp0.4% → 0.6%
  5. Vanguard S&P 500 ETF922908363
    +0.25 pp1.9% → 2.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Pgim ETF Tr69344A875
    −$2.54MSold out
  2. XOMExxonMobil Holdings Corp
    −$1.56MSold outHistory
  3. Vanguard World FD921910709
    −$937.2KReduced
  4. iShares Tr46435G219
    −$656.6KReduced
  5. PIMCO ETF Tr72201R866
    −$639.1KReduced

Largest weight decreases

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

  1. Pgim ETF Tr69344A875
    −0.57 pp0.6% → 0.0%
  2. J P Morgan Exchange Traded F46641Q332
    −0.37 pp3.1% → 2.7%
  3. XOMExxonMobil Holdings Corp
    −0.35 pp0.4% → 0.0%History
  4. Vanguard World FD921910709
    −0.33 pp1.4% → 1.1%
  5. MFS Active Exchange Traded F55286W108
    −0.32 pp2.7% → 2.3%

Metrics

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

Portfolio value
$494.5M
+$50.4M (+11.4%) vs. prior quarter
Positions
275
+43 vs. prior quarter
Top 10 concentration
25.2%
Top 10 as share of value
Turnover
2.9%
Q2 2026, one quarter
Average holding period
12.9 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 $552.7M (Q1 2025)

Q1 2021: $118.8MQ2 2021: $172.1MQ3 2021: $226.5MQ4 2021: $273.2MQ1 2022: $266.7MQ2 2022: $286.8MQ3 2022: $307.2MQ4 2022: $337.4MQ1 2023: $165.5MQ2 2023: $110.6MQ3 2023: $355.0MQ4 2023: $419.3MQ1 2024: $443.9MQ2 2024: $435.4MQ3 2024: $492.6MQ4 2024: $535.6MQ1 2025: $552.7MQ2 2025: $374.2MQ3 2025: $394.4MQ4 2025: $416.6MQ1 2026: $444.1MQ2 2026: $494.5M
Q1 2021Q2 2026
13F filings of Fermata Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 7, 2026275$494.5MAAPLDimensional ETF TrustJ P Morgan Exchange Traded Fvs. Q1 2026SEC
Q1 2026Apr 8, 2026232$444.1MAAPLJ P Morgan Exchange Traded FDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Jan 8, 2026217$416.6MAAPLDimensional ETF TrustJ P Morgan Exchange Traded Fvs. Q3 2025SEC
Q3 2025Oct 9, 2025211$394.4MAAPLJ P Morgan Exchange Traded FDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Jul 9, 2025220$374.2MJ P Morgan Exchange Traded FVanEck Morningstar Wide Moat ETFAAPLvs. Q1 2025SEC
Q1 2025Apr 10, 2025285$552.7MiShares Core S&P 500 ETFInnovator U.S. Equity Ultra Buffer ETF - JanuaryiShares Russell 1000 Growth ETFvs. Q4 2024SEC
Q4 2024Jan 15, 2025265$535.6MFidelity Merrimack STR TriShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q3 2024SEC
Q3 2024Oct 9, 2024248$492.6MFidelity Merrimack STR TriShares Core S&P 500 ETFInnovator U.S. Equity Ultra Buffer ETF - Januaryvs. Q2 2024SEC
Q2 2024Jul 12, 2024228$435.4MiShares Core S&P 500 ETFiShares TrInnovator U.S. Equity Ultra Buffer ETF - Januaryvs. Q1 2024SEC
Q1 2024Apr 12, 2024212$443.9MiShares Core S&P 500 ETFFidelity Merrimack STR TrInnovator U.S. Equity Ultra Buffer ETF - Januaryvs. Q4 2023SEC
Q4 2023Jan 19, 2024187$419.3MiShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFAAPLvs. Q3 2023SEC
Q3 2023Nov 7, 2023163$355.0MiShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFAAPLvs. Q2 2023SEC
Q2 2023Jul 24, 202371$110.6MPIMCO ETF TrVanEck Morningstar Wide Moat ETFVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023Apr 13, 202399$165.5MAAPLiShares Core S&P 500 ETFiShares Core U.S. Aggregate Bond ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023136$337.4MiShares Core U.S. Aggregate Bond ETFiShares Core Dividend Growth ETFSchwab US Dividend Equity ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022131$307.2MiShares Core S&P 500 ETFiShares Core Dividend Growth ETFiShares Core High Dividend ETFvs. Q2 2022SEC
Q2 2022Aug 9, 2022158$286.8MiShares Core Dividend Growth ETFiShares Core S&P 500 ETFVanguard Scottsdale FDSvs. Q1 2022SEC
Q1 2022Apr 22, 2022185$266.7MiShares Core S&P 500 ETFVanguard Scottsdale FDSInvesco Exchange Traded FD Tvs. Q4 2021SEC
Q4 2021Feb 2, 2022184$273.2MVanguard Scottsdale FDSiShares Core S&P 500 ETFWisdomTree Trvs. Q3 2021SEC
Q3 2021Oct 29, 2021174$226.5MVanguard S&P 500 ETFVanguard Scottsdale FDSiShares Core S&P 500 ETFvs. Q2 2021SEC
Q2 2021Aug 10, 2021153$172.1MVanguard S&P 500 ETFVanguard Scottsdale FDSLattice Strategies Trvs. Q1 2021SEC
Q1 2021May 18, 202170$118.8MVanguard Scottsdale FDSVanguard S&P 500 ETFWisdomTree Tr–SEC