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Livermore
Livermore
ZHEN

Tectonic Advisors LLC

SEC CIK
0001859918
Latest filing
Jul 15, 2026

The latest 13F from Tectonic Advisors LLC covers Q2 2026 (filed Jul 15, 2026): 289 long positions worth $2.08B. The top 10 holdings make up 42.0% of the portfolio, and the largest is Vanguard S&P 500 ETF at 7.6%. 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
39
Est. +$62.9M
Added
159
Est. +$95.2M
Reduced
88
Est. −$66.1M
Sold out
17
Est. −$39.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    7.6%$158.6M
  2. PIMCO Active Bond Exchange-Traded Fund72201R775
    7.4%$154.0M
  3. iShares Core S&P 500 ETF464287200
    5.2%$107.8M
  4. Ssga Active ETF Tr78467V848
    5.0%$104.5M
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    4.1%$84.8M

Biggest buys

New and added positions, by estimated amount bought

  1. CWENClearway Energy, Inc.
    +$17.2MNewHistory
  2. CSWCCapital Southwest Corp
    +$8.45MNewHistory
  3. MAINMain Street Capital CORP
    +$7.55MNewHistory
  4. Vanguard S&P 500 ETF922908363
    +$7.09MAdded
  5. POOLPool Corp
    +$7.09MNewHistory

Largest weight increases

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

  1. CWENClearway Energy, Inc.
    +0.83 pp0.0% → 0.8%History
  2. Vanguard S&P 500 ETF922908363
    +0.65 pp7.0% → 7.6%
  3. iShares Core S&P 500 ETF464287200
    +0.49 pp4.7% → 5.2%
  4. CSWCCapital Southwest Corp
    +0.41 pp0.0% → 0.4%History
  5. MAINMain Street Capital CORP
    +0.36 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Clearway Energy, Inc.18539C105
    −$19.5MSold out
  2. OBDCBlue Owl Capital Corp
    −$12.9MReducedHistory
  3. MXLMaxlinear, Inc
    −$8.14MReducedHistory
  4. DELLDell Technologies Inc.
    −$7.32MReducedHistory
  5. FHNFirst Horizon Corp
    −$4.29MSold outHistory

Largest weight decreases

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

  1. Clearway Energy, Inc.18539C105
    −1.03 pp1.0% → 0.0%
  2. OBDCBlue Owl Capital Corp
    −0.69 pp0.7% → <0.1%History
  3. LKQLKQ Corp
    −0.26 pp0.5% → 0.3%History
  4. FHNFirst Horizon Corp
    −0.23 pp0.2% → 0.0%History
  5. CLHClean Harbors Inc
    −0.20 pp0.7% → 0.5%History

Metrics

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

Portfolio value
$2.08B
+$189.2M (+10.0%) vs. prior quarter
Positions
289
+22 vs. prior quarter
Top 10 concentration
42.0%
Top 10 as share of value
Turnover
5.3%
Q2 2026, one quarter
Average holding period
16.6 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 $2.08B (Q2 2026)

Q1 2021: $402.4MQ2 2021: $484.8MQ3 2021: $509.5MQ4 2021: $558.4MQ1 2022: $581.2MQ2 2022: $547.5MQ3 2022: $542.1MQ4 2022: $645.0MQ1 2023: $731.2MQ2 2023: $812.1MQ3 2023: $1.07BQ4 2023: $1.19BQ1 2024: $1.31BQ2 2024: $1.38BQ3 2024: $1.52BQ4 2024: $1.53BQ1 2025: $1.60BQ2 2025: $1.72BQ3 2025: $1.83BQ4 2025: $1.90BQ1 2026: $1.89BQ2 2026: $2.08B
Q1 2021Q2 2026
13F filings of Tectonic Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 2026289$2.08BVanguard S&P 500 ETFPIMCO Active Bond Exchange-Traded FundiShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 17, 2026267$1.89BPIMCO Active Bond Exchange-Traded FundVanguard S&P 500 ETFSsga Active ETF Trvs. Q4 2025SEC
Q4 2025Jan 23, 2026319$1.90BPIMCO Active Bond Exchange-Traded FundVanguard S&P 500 ETFSsga Active ETF Trvs. Q3 2025SEC
Q3 2025Oct 21, 2025330$1.83BPIMCO Active Bond Exchange-Traded FundVanguard S&P 500 ETFSsga Active ETF Trvs. Q2 2025SEC
Q2 2025Jul 23, 2025318$1.72BVanguard Ftse Developed Markets ETFPIMCO Active Bond Exchange-Traded FundVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025May 2, 2025316$1.60BPIMCO Active Bond Exchange-Traded FundVanguard Ftse Developed Markets ETFSsga Active ETF Trvs. Q4 2024SEC
Q4 2024Jan 27, 2025319$1.53BPIMCO Active Bond Exchange-Traded FundVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 23, 2024303$1.52BPIMCO Active Bond Exchange-Traded FundVanguard Ftse Developed Markets ETFSsga Active ETF Trvs. Q2 2024SEC
Q2 2024Aug 2, 2024298$1.38BPIMCO Active Bond Exchange-Traded FundVanguard Ftse Developed Markets ETFSsga Active ETF Trvs. Q1 2024SEC
Q1 2024May 7, 2024294$1.31BPIMCO Active Bond Exchange-Traded FundVanguard Ftse Developed Markets ETFSsga Active ETF Trvs. Q4 2023SEC
Q4 2023Jan 17, 2024287$1.19BPIMCO Active Bond Exchange-Traded FundVanguard Ftse Developed Markets ETFSsga Active ETF Trvs. Q3 2023SEC
Q3 2023Oct 24, 2023276$1.07BPIMCO Active Bond Exchange-Traded FundVanguard Ftse Developed Markets ETFSsga Active ETF Trvs. Q2 2023SEC
Q2 2023Jul 14, 2023239$812.1MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023Apr 26, 2023234$731.2MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 14, 2023267$645.0MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Nov 8, 2022209$542.1MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Total Bond Market ETFvs. Q2 2022SEC
Q2 2022Aug 11, 2022216$547.5MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Total Bond Market ETFvs. Q1 2022SEC
Q1 2022May 9, 2022215$581.2MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Real Estate ETFvs. Q4 2021SEC
Q4 2021Feb 2, 2022221$558.4MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Real Estate ETFvs. Q3 2021SEC
Q3 2021Nov 2, 2021215$509.5MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFVanguard Total Bond Market ETFvs. Q2 2021SEC
Q2 2021Jul 22, 2021205$484.8MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFAlps ETF Trvs. Q1 2021SEC
Q1 2021May 18, 2021199$402.4MVanguard Ftse Developed Markets ETFVanguard S&P 500 ETFiShares Core S&P 500 ETF–SEC

13D and 13G filings

Companies where Tectonic Advisors LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Tectonic Advisors LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
Unified Series TrustABSLUTE SELCT VL13G/A23.10%658.7K shares–Jun 28, 20239 filingsMay 9, 2025SEC

Latest filings

9 filings on file made by Tectonic Advisors LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Tectonic Advisors LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
Unified Series TrustABSLUTE SELCT VLMay 9, 202510:07 AM ET13G/A23.10%658.7K shares–Mar 31, 2025SEC
Unified Series TrustFeb 12, 202413G/AOld format–––SEC
Unified Series TrustOct 25, 202313G/AOld format–––SEC
Unified Series TrustOct 25, 202313G/AOld format–––SEC
Unified Series TrustJul 13, 202313G/AOld format–––SEC
Unified Series TrustJul 13, 202313G/AOld format–––SEC
Unified Series TrustJul 13, 202313G/AOld format–––SEC
Unified Series TrustJul 12, 202313G/AOld format–––SEC
Unified Series TrustJun 28, 202313GOld format–New–SEC