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Livermore
Livermore
ZHEN

MAS Advisors LLC

SEC CIK
0001906683
Latest filing
Oct 28, 2025

The latest 13F from MAS Advisors LLC covers Q3 2025 (filed Oct 28, 2025): 67 long positions worth $63.2M. The top 10 holdings make up 51.0% of the portfolio, and the largest is iShares Core S&P 500 ETF at 8.1%. Livermore has 24 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q3 2025

Share counts compared with Q2 2025: 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
3
Est. +$718.1K
Added
36
Est. +$1.71M
Reduced
16
Est. −$1.41M
Sold out
4
Est. −$1.49M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    8.1%$5.12M
  2. Vanguard Total Bond Market ETF921937835
    6.3%$4.01M
  3. iShares Tr464288661
    5.7%$3.58M
  4. Schwab US Dividend Equity ETF808524797
    5.7%$3.58M
  5. Invesco Exch Traded FD Tr II46138E339
    5.0%$3.13M

Biggest buys

New and added positions, by estimated amount bought

  1. NBISNebius Group N.V.
    +$258.8KNewHistory
  2. ABBVAbbVie Inc.
    +$243.6KNewHistory
  3. PDIPIMCO Dynamic Income Fund
    +$240.7KAddedHistory
  4. GLDSPDR Gold Trust
    +$215.8KNewHistory
  5. PMPhilip Morris International Inc.
    +$196.9KAddedHistory

Largest weight increases

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

  1. NBISNebius Group N.V.
    +0.41 pp0.0% → 0.4%History
  2. PDIPIMCO Dynamic Income Fund
    +0.40 pp1.5% → 1.9%History
  3. ABBVAbbVie Inc.
    +0.39 pp0.0% → 0.4%History
  4. GLDSPDR Gold Trust
    +0.34 pp0.0% → 0.3%History
  5. PMPhilip Morris International Inc.
    +0.21 pp0.8% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464288661
    −$934.6KReduced
  2. iShares Tr464287457
    −$501.7KSold out
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$501.1KSold out
  4. LLYEli Lilly & Co
    −$283.7KSold outHistory
  5. iShares Tr46434V407
    −$205.6KSold out

Largest weight decreases

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

  1. iShares Tr464288661
    −1.69 pp7.4% → 5.7%
  2. iShares Tr464287457
    −0.82 pp0.8% → 0.0%
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.82 pp0.8% → 0.0%
  4. LLYEli Lilly & Co
    −0.46 pp0.5% → 0.0%History
  5. Vanguard Total Bond Market ETF921937835
    −0.38 pp6.7% → 6.3%

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$63.2M
+$2.03M (+3.3%) vs. prior quarter
Positions
67
−1 vs. prior quarter
Top 10 concentration
51.0%
Top 10 as share of value
Turnover
3.9%
Q3 2025, one quarter
Average holding period
9.6 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

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

Peak $135.7M (Q4 2021)

Q4 2021: $135.7MQ1 2022: $129.8MQ2 2022: $110.2MQ3 2022: $103.7MQ4 2022: $105.9MQ1 2023: $102.3MQ2 2023: $71.6MQ3 2023: $70.0MQ4 2023: $77.3MQ1 2024: $86.6MQ2 2024: $42.0MQ3 2024: $46.9MQ4 2024: $59.6MQ1 2025: $65.0MQ2 2025: $61.1MQ3 2025: $63.2M
Q4 2021Q3 2025
13F filings of MAS Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Oct 28, 202567$63.2MiShares Core S&P 500 ETFVanguard Total Bond Market ETFiShares Trvs. Q2 2025SEC
Q2 2025Jul 22, 202568$61.1MiShares Core S&P 500 ETFiShares TrVanguard Total Bond Market ETFvs. Q1 2025SEC
Q1 2025May 14, 202564$65.0MVanguard Total Bond Market ETFiShares Core S&P 500 ETFiShares Trvs. Q4 2024SEC
Q4 2024Jan 27, 202572$59.6MiShares Core S&P 500 ETFVanguard Total Bond Market ETFiShares Trvs. Q3 2024SEC
Q3 2024Nov 8, 202477$46.9MPIMCO Enhanced Short Maturity Active Exchange-Traded FundPDIInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Aug 13, 202470$42.0MInvesco QQQ Trust Series IPDIVanguard S&P 500 Growth ETFvs. Q1 2024SEC
Q1 2024Sep 4, 2024Amended74$86.6MVanguard Real Estate ETFSPYSPDR Series Trustvs. Q4 2023SEC
Q4 2023Sep 4, 2024Amended62$77.3MVanguard Real Estate ETFSPYVanguard Morningstar Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Sep 4, 2024Amended57$70.0MVanguard Real Estate ETFSPYVanguard Morningstar Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Sep 4, 2024Amended55$71.6MVanguard Real Estate ETFSPYVanguard Morningstar Mid-Cap ETFvs. Q1 2023SEC
Q1 2023Sep 4, 2024Amended86$102.3MVanguard Real Estate ETFiShares TrSPYvs. Q4 2022SEC
Q4 2022Sep 4, 2024Amended88$105.9MVanguard Real Estate ETFiShares TrSPYvs. Q3 2022SEC
Q3 2022Nov 1, 202288$103.7MVanguard Real Estate ETFiShares TrSPYvs. Q2 2022SEC
Q2 2022Aug 12, 202286$110.2MVanguard Real Estate ETFiShares TrSPYvs. Q1 2022SEC
Q1 2022May 31, 2022Amended89$129.8MVanguard Real Estate ETFiShares TrSPYvs. Q4 2021SEC
Q4 2021May 31, 2022Amended96$135.7MVanguard Real Estate ETFiShares TrSPY–SEC