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Livermore
Livermore
ZHEN

Bell Investment Advisors, Inc

SEC CIK
0001890149
Latest filing
Aug 6, 2026

The latest 13F from Bell Investment Advisors, Inc covers Q2 2026 (filed Aug 6, 2026): 1,820 long positions worth $680.8M. The top 10 holdings make up 58.1% of the portfolio, and the largest is Schwab Fundamental U.S. Large Company ETF at 10.1%. Livermore has 19 filings on Form 13F from this institution, going back to Q3 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
73
Est. +$1.51M
Added
527
Est. +$13.6M
Reduced
514
Est. −$26.4M
Sold out
113
Est. −$466.8K

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab Fundamental U.S. Large Company ETF808524771
    10.1%$68.5M
  2. Goldman Sachs ETF Tr381430529
    9.4%$64.2M
  3. Vanguard Mortgage-Backed Securities ETF92206C771
    7.4%$50.1M
  4. Flexshares Tr33939L506
    7.2%$49.2M
  5. iShares Tr464287432
    6.0%$40.5M

Share of portfolio

Top 5 holdings and the other 1,815 positions, by share of portfolio value

  1. Schwab Fundamental U.S. Large Company ETF10.1%
  2. Goldman Sachs ETF Tr9.4%
  3. Vanguard Mortgage-Backed Securities ETF7.4%
  4. Flexshares Tr7.2%
  5. iShares Tr6.0%
  6. Other 1,815 positions60.0%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464287432
    +$3.72MAdded
  2. Flexshares Tr33939L506
    +$1.36MAdded
  3. iShares Tr46438G646
    +$1.31MNew
  4. Vanguard Morningstar Large-Cap ETF922908637
    +$880.7KAdded
  5. Vanguard Mortgage-Backed Securities ETF92206C771
    +$805.6KAdded

Largest weight increases

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

  1. Schwab Fundamental U.S. Large Company ETF808524771
    +0.57 pp9.5% → 10.1%
  2. iShares Tr46438G646
    +0.19 pp0.0% → 0.2%
  3. iShares Tr464287432
    +0.18 pp5.8% → 6.0%
  4. Schwab Fundamental International Equity ETF808524755
    +0.15 pp4.9% → 5.1%
  5. Vanguard Morningstar Large-Cap ETF922908637
    +0.14 pp0.2% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Momentum Factor ETF46432F396
    −$3.56MReduced
  2. Vanguard Long-Term Treasury ETF92206C847
    −$3.42MReduced
  3. Vanguard Morningstar Value ETF922908744
    −$2.22MReduced
  4. iShares MSCI USA Quality Factor ETF46432F339
    −$1.87MReduced
  5. iShares MSCI USA Min Vol Factor ETF46429B697
    −$1.68MReduced

Largest weight decreases

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

  1. Goldman Sachs ETF Tr381430529
    −0.66 pp10.1% → 9.4%
  2. Vanguard Long-Term Treasury ETF92206C847
    −0.58 pp1.2% → 0.6%
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.26 pp0.6% → 0.3%
  4. iShares Tr46438G422
    −0.20 pp0.4% → 0.2%
  5. iShares Tr46429B747
    −0.20 pp0.5% → 0.3%

Metrics

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

Portfolio value
$680.8M
+$41.7M (+6.5%) vs. prior quarter
Positions
1,820
−40 vs. prior quarter
Top 10 concentration
58.1%
Top 10 as share of value
Turnover
2.3%
Q2 2026, one quarter
Average holding period
15.8 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 (Q3 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q3 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $680.8M (Q2 2026)

Q3 2021: $337.9MQ4 2021: $364.5MQ2 2022: $325.9MQ3 2022: $322.0MQ4 2022: $401.6MQ1 2023: $427.4MQ2 2023: $450.7MQ3 2023: $446.4MQ4 2023: $487.4MQ1 2024: $511.7MQ2 2024: $509.4MQ3 2024: $545.2MQ4 2024: $535.2MQ1 2025: $541.2MQ2 2025: $581.6MQ3 2025: $611.9MQ4 2025: $632.3MQ1 2026: $639.2MQ2 2026: $680.8M
Q3 2021Q2 2026
13F filings of Bell Investment Advisors, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 20261,820$680.8MSchwab Fundamental U.S. Large Company ETFGoldman Sachs ETF TrVanguard Mortgage-Backed Securities ETFvs. Q1 2026SEC
Q1 2026Apr 17, 20261,860$639.2MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFVanguard Mortgage-Backed Securities ETFvs. Q4 2025SEC
Q4 2025Feb 24, 20261,802$632.3MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFVanguard Mortgage-Backed Securities ETFvs. Q3 2025SEC
Q3 2025Nov 21, 20251,876$611.9MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFVanguard Mortgage-Backed Securities ETFvs. Q2 2025SEC
Q2 2025Aug 11, 20251,879$581.6MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFVanguard Mortgage-Backed Securities ETFvs. Q1 2025SEC
Q1 2025May 16, 20251,904$541.2MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFFlexshares Trvs. Q4 2024SEC
Q4 2024Feb 7, 20251,900$535.2MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFFlexshares Trvs. Q3 2024SEC
Q3 2024Nov 13, 20241,878$545.2MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFFlexshares Trvs. Q2 2024SEC
Q2 2024Aug 8, 20241,943$509.4MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFFlexshares Trvs. Q1 2024SEC
Q1 2024May 8, 20241,910$511.7MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFFlexshares Trvs. Q4 2023SEC
Q4 2023Feb 14, 20241,908$487.4MGoldman Sachs ETF TrSchwab Fundamental U.S. Large Company ETFVanguard Mortgage-Backed Securities ETFvs. Q3 2023SEC
Q3 2023Nov 8, 20231,923$446.4MGoldman Sachs ETF TrFlexshares TrSchwab Fundamental U.S. Large Company ETFvs. Q2 2023SEC
Q2 2023Aug 9, 20231,916$450.7MFlexshares TrSchwab Strategic TrSchwab Fundamental U.S. Large Company ETFvs. Q1 2023SEC
Q1 2023May 10, 20231,909$427.4MFlexshares TrSchwab Strategic TrVanguard Mortgage-Backed Securities ETFvs. Q4 2022SEC
Q4 2022Feb 9, 20231,936$401.6MFlexshares TrSchwab Strategic TrVanguard Mortgage-Backed Securities ETFvs. Q3 2022SEC
Q3 2022Nov 9, 20221,892$322.0MFlexshares TrSchwab Strategic TrVanguard Mortgage-Backed Securities ETFvs. Q2 2022SEC
Q2 2022Aug 12, 20221,879$325.9MFlexshares TrSchwab Strategic TrVanguard Mortgage-Backed Securities ETF–SEC
Q4 2021Feb 14, 20221,826$364.5MFlexshares TriShares TrVanguard Mortgage-Backed Securities ETFvs. Q3 2021SEC
Q3 2021Nov 12, 20211,868$337.9MFlexshares TriShares TrVanguard Mortgage-Backed Securities ETF–SEC