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Livermore
Livermore
ZHEN

American Trust

SEC CIK
0001905128
Latest filing
Aug 14, 2026

The latest 13F from American Trust covers Q2 2026 (filed Aug 14, 2026): 334 long positions worth $1.30B. The top 10 holdings make up 56.8% of the portfolio, and the largest is Vanguard S&P 500 ETF at 15.0%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
53
Est. +$72.4M
Added
121
Est. +$25.3M
Reduced
142
Est. −$40.1M
Sold out
32
Est. −$21.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    15.0%$194.9M
  2. Vanguard Intermediate-Term Bond ETF921937819
    7.2%$93.1M
  3. iShares Core Dividend Growth ETF46434V621
    6.1%$78.7M
  4. Vanguard Morningstar Growth ETF922908736
    5.1%$66.5M
  5. J P Morgan Exchange Traded F46654Q609
    4.7%$60.8M

Biggest buys

New and added positions, by estimated amount bought

  1. SRCE1st Source Corp
    +$53.4MNewHistory
  2. iShares Core Dividend Growth ETF46434V621
    +$3.43MAdded
  3. AVGOBroadcom Inc.
    +$3.38MAddedHistory
  4. Vanguard Dividend Appreciation ETF921908844
    +$2.66MAdded
  5. iShares Tr46435U713
    +$2.56MNew

Largest weight increases

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

  1. SRCE1st Source Corp
    +4.12 pp0.0% → 4.1%History
  2. AVGOBroadcom Inc.
    +0.28 pp0.2% → 0.5%History
  3. Invesco QQQ Trust Series I46090E103
    +0.26 pp2.2% → 2.5%
  4. Vanguard Dividend Appreciation ETF921908844
    +0.20 pp<0.1% → 0.2%
  5. iShares Tr46435U713
    +0.20 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Growth ETF922908736
    −$5.26MReducedConverted for a 6-for-1 split
  2. Vanguard S&P 500 ETF922908363
    −$4.78MReduced
  3. HONHoneywell International Inc
    −$3.15MSold outHistory
  4. KLACKLA Corp
    −$2.71MReducedConverted for a 10-for-1 splitHistory
  5. J P Morgan Exchange Traded F46641Q647
    −$2.44MSold out

Largest weight decreases

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

  1. Vanguard Intermediate-Term Bond ETF921937819
    −1.28 pp8.5% → 7.2%
  2. JPMorgan Ultra-Short Income ETF46641Q837
    −0.48 pp2.3% → 1.8%
  3. Vanguard S&P 500 ETF922908363
    −0.33 pp15.3% → 15.0%
  4. HONHoneywell International Inc
    −0.28 pp0.3% → 0.0%History
  5. Vanguard Morningstar Growth ETF922908736
    −0.23 pp5.4% → 5.1%

Metrics

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

Portfolio value
$1.30B
+$165.6M (+14.6%) vs. prior quarter
Positions
334
+21 vs. prior quarter
Top 10 concentration
56.8%
Top 10 as share of value
Turnover
5.1%
Q2 2026, one quarter
Average holding period
12.2 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.49B (Q1 2022)

Q4 2021: $1.31BQ1 2022: $1.49BQ2 2022: $1.23BQ3 2022: $1.18BQ4 2022: $1.07BQ1 2023: $1.43BQ2 2023: $1.44BQ3 2023: $1.29BQ4 2023: $1.35BQ1 2024: $1.10BQ2 2024: $1.22BQ3 2024: $1.21BQ4 2024: $1.31BQ1 2025: $405.6MQ2 2025: $1.06BQ3 2025: $1.18BQ4 2025: $1.19BQ1 2026: $1.13BQ2 2026: $1.30B
Q4 2021Q2 2026
13F filings of American Trust by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026334$1.30BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFiShares Core Dividend Growth ETFvs. Q1 2026SEC
Q1 2026May 1, 2026313$1.13BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFiShares Core Dividend Growth ETFvs. Q4 2025SEC
Q4 2025Feb 17, 2026328$1.19BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFiShares Core Dividend Growth ETFvs. Q3 2025SEC
Q3 2025Nov 17, 2025327$1.18BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFJ P Morgan Exchange Traded Fvs. Q2 2025SEC
Q2 2025Sep 3, 2025302$1.06BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFiShares Core Dividend Growth ETFvs. Q1 2025SEC
Q1 2025May 16, 2025121$405.6MiShares Core S&P Mid-Cap ETFiShares Core Dividend Growth ETFJ P Morgan Exchange Traded Fvs. Q4 2024SEC
Q4 2024Feb 18, 2025313$1.31BVanguard S&P 500 ETFiShares Core Dividend Growth ETFVanguard Intermediate-Term Bond ETFvs. Q3 2024SEC
Q3 2024Nov 29, 2024256$1.21BVanguard S&P 500 ETFiShares Core Dividend Growth ETFVanguard Intermediate-Term Bond ETFvs. Q2 2024SEC
Q2 2024Sep 12, 2024244$1.22BVanguard S&P 500 ETFSchwab U.S. Large-Cap ETFiShares Core Dividend Growth ETFvs. Q1 2024SEC
Q1 2024Jun 11, 2024281$1.10BVanguard S&P 500 ETFiShares Core Dividend Growth ETFIDAvs. Q4 2023SEC
Q4 2023Feb 21, 2024285$1.35BVanguard S&P 500 ETFiShares Core Dividend Growth ETFIDAvs. Q3 2023SEC
Q3 2023Nov 15, 2023286$1.29BVanguard S&P 500 ETFiShares Core Dividend Growth ETFIDAvs. Q2 2023SEC
Q2 2023Aug 14, 2023418$1.44BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2023SEC
Q1 2023May 22, 2023434$1.43BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard Morningstar Mid-Cap ETFvs. Q4 2022SEC
Q4 2022Feb 16, 2023434$1.07BiShares Core Dividend Growth ETFSchwab U.S. Large-Cap ETFiShares Trvs. Q3 2022SEC
Q3 2022Dec 2, 2022415$1.18BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFSchwab U.S. Large-Cap ETFvs. Q2 2022SEC
Q2 2022Oct 3, 2022440$1.23BVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFSchwab U.S. Large-Cap ETFvs. Q1 2022SEC
Q1 2022Jun 8, 2022500$1.49BVanguard S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Intermediate-Term Bond ETFvs. Q4 2021SEC
Q4 2021Mar 17, 2022369$1.31BVanguard S&P 500 ETFSchwab U.S. Large-Cap ETFVanguard Intermediate-Term Bond ETF–SEC