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Livermore
Livermore
ZHEN

Operose Advisors LLC

SEC CIK
0001909750
Latest filing
Aug 13, 2026

The latest 13F from Operose Advisors LLC covers Q2 2026 (filed Aug 13, 2026): 522 long positions worth $517.5M. The top 10 holdings make up 61.8% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 17.6%. 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
106
Est. +$27.3M
Added
78
Est. +$19.1M
Reduced
168
Est. −$11.4M
Sold out
177
Est. −$4.18M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    17.6%$91.1M
  2. Vanguard High Dividend Yield Index ETF921946406
    9.9%$51.1M
  3. Vanguard Ftse Developed Markets ETF921943858
    9.1%$47.2M
  4. Schwab International Equity ETF808524805
    8.5%$43.9M
  5. Vanguard S&P 500 ETF922908363
    6.3%$32.8M

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$11.8MNewHistory
  2. Vanguard Ftse Developed Markets ETF921943858
    +$5.27MAdded
  3. Schwab International Equity ETF808524805
    +$3.18MAdded
  4. iShares Tr464287150
    +$2.25MAdded
  5. iShares Core MSCI Eafe ETF46432F842
    +$1.86MAdded

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +2.27 pp0.0% → 2.3%History
  2. iShares Tr464287150
    +0.43 pp0.1% → 0.5%
  3. Vanguard Ftse Developed Markets ETF921943858
    +0.38 pp8.7% → 9.1%
  4. NFLXNetflix Inc
    +0.33 pp0.0% → 0.3%History
  5. iShares Core MSCI Eafe ETF46432F842
    +0.29 pp0.7% → 0.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Morningstar Mid-Cap Growth ETF922908538
    −$1.42MReduced
  2. XOMExxonMobil Holdings Corp
    −$1.38MSold outHistory
  3. INTCIntel Corp
    −$1.13MReducedHistory
  4. CIENCiena Corp
    −$990.0KReducedHistory
  5. Vanguard High Dividend Yield Index ETF921946406
    −$696.7KReduced

Largest weight decreases

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

  1. Vanguard High Dividend Yield Index ETF921946406
    −1.38 pp11.2% → 9.9%
  2. Vanguard Morningstar Total Stock Market ETF922908769
    −0.72 pp18.3% → 17.6%
  3. XOMExxonMobil Holdings Corp
    −0.32 pp0.3% → 0.0%History
  4. Vanguard Morningstar Mid-Cap Growth ETF922908538
    −0.29 pp1.7% → 1.4%
  5. Vanguard Morningstar Mid-Cap ETF922908629
    −0.26 pp2.1% → 1.9%

Metrics

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

Portfolio value
$517.5M
+$86.2M (+20.0%) vs. prior quarter
Positions
522
−71 vs. prior quarter
Top 10 concentration
61.8%
Top 10 as share of value
Turnover
3.3%
Q2 2026, one quarter
Average holding period
16.5 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 $517.5M (Q2 2026)

Q4 2021: $122.9MQ1 2022: $144.7MQ2 2022: $142.2MQ3 2022: $152.3MQ4 2022: $187.3MQ1 2023: $201.3MQ2 2023: $220.6MQ3 2023: $252.5MQ4 2023: $249.9MQ1 2024: $296.0MQ2 2024: $282.4MQ3 2024: $309.2MQ4 2024: $292.3MQ1 2025: $301.9MQ2 2025: $354.6MQ3 2025: $401.2MQ4 2025: $429.2MQ1 2026: $431.3MQ2 2026: $517.5M
Q4 2021Q2 2026
13F filings of Operose Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026522$517.5MVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFVanguard Ftse Developed Markets ETFvs. Q1 2026SEC
Q1 2026May 12, 2026593$431.3MVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFVanguard Ftse Developed Markets ETFvs. Q4 2025SEC
Q4 2025Feb 10, 2026472$429.2MVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFVanguard S&P 500 ETFvs. Q3 2025SEC
Q3 2025Nov 12, 2025444$401.2MVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFVanguard Ftse Developed Markets ETFvs. Q2 2025SEC
Q2 2025Aug 14, 2025410$354.6MVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFVanguard Ftse Developed Markets ETFvs. Q1 2025SEC
Q1 2025May 12, 2025386$301.9MVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Feb 13, 2025424$292.3MVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Nov 13, 2024610$309.2MVanguard Morningstar Total Stock Market ETFVanguard High Dividend Yield Index ETFVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Aug 8, 2024578$282.4MVanguard High Dividend Yield Index ETFVanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFvs. Q1 2024SEC
Q1 2024May 13, 2024651$296.0MVanguard High Dividend Yield Index ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P Small Cap ETFvs. Q4 2023SEC
Q4 2023Feb 12, 2024597$249.9MVanguard High Dividend Yield Index ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P Small Cap ETFvs. Q3 2023SEC
Q3 2023Nov 13, 2023753$252.5MVanguard High Dividend Yield Index ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P Small Cap ETFvs. Q2 2023SEC
Q2 2023Aug 9, 2023358$220.6MVanguard High Dividend Yield Index ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P Small Cap ETFvs. Q1 2023SEC
Q1 2023May 9, 2023344$201.3MVanguard High Dividend Yield Index ETFVanguard Morningstar Total Stock Market ETFiShares Core S&P Small Cap ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023359$187.3MVanguard High Dividend Yield Index ETFiShares Core S&P Small Cap ETFVanguard Morningstar Total Stock Market ETFvs. Q3 2022SEC
Q3 2022Nov 14, 2022343$152.3MVanguard High Dividend Yield Index ETFiShares Core S&P Small Cap ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2022SEC
Q2 2022Aug 11, 2022302$142.2MVanguard High Dividend Yield Index ETFiShares Core S&P Small Cap ETFVanguard Morningstar Total Stock Market ETFvs. Q1 2022SEC
Q1 2022May 12, 2022319$144.7MVanguard High Dividend Yield Index ETFiShares Core S&P Small Cap ETFVanguard Morningstar Mid-Cap Growth ETFvs. Q4 2021SEC
Q4 2021Feb 14, 2022304$122.9MVanguard High Dividend Yield Index ETFiShares Core S&P Small Cap ETFVanguard Morningstar Mid-Cap Growth ETF–SEC