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Livermore
Livermore
ZHEN

Investment Advisory Group, LLC

SEC CIK
0001910273
Latest filing
Aug 6, 2026

The latest 13F from Investment Advisory Group, LLC covers Q2 2026 (filed Aug 6, 2026): 220 long positions worth $461.0M. The top 10 holdings make up 40.0% of the portfolio, and the largest is Vanguard Morningstar Growth ETF at 7.4%. 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
27
Est. +$7.15M
Added
108
Est. +$19.5M
Reduced
52
Est. −$2.67M
Sold out
1
Est. −$224.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Growth ETF922908736
    7.4%$34.0M
  2. Vanguard High Dividend Yield Index ETF921946406
    6.5%$30.0M
  3. Dimensional U.S. Core Equity 2 ETF25434V708
    5.9%$27.0M
  4. iShares Core S&P 500 ETF464287200
    4.3%$19.9M
  5. Dimensional ETF Trust25434V401
    3.8%$17.3M

Share of portfolio

Top 5 holdings and the other 215 positions, by share of portfolio value

  1. Vanguard Morningstar Growth ETF7.4%
  2. Vanguard High Dividend Yield Index ETF6.5%
  3. Dimensional U.S. Core Equity 2 ETF5.9%
  4. iShares Core S&P 500 ETF4.3%
  5. Dimensional ETF Trust3.8%
  6. Other 215 positions72.2%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Growth ETF922908736
    +$2.51MAddedConverted for a 6-for-1 split
  2. iShares Core S&P 500 ETF464287200
    +$1.80MAdded
  3. Capital Group Dividend Value14020W106
    +$1.20MAdded
  4. Vanguard Malvern FDS922020755
    +$1.02MAdded
  5. Schwab International Equity ETF808524805
    +$925.4KAdded

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +0.61 pp6.8% → 7.4%
  2. iShares Core S&P 500 ETF464287200
    +0.30 pp4.0% → 4.3%
  3. Capital Group Dividend Value14020W106
    +0.25 pp0.6% → 0.9%
  4. MUMicron Technology Inc
    +0.23 pp0.1% → 0.3%History
  5. iShares S&P 500 Growth ETF464287309
    +0.22 pp2.6% → 2.8%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard S&P 500 ETF922908363
    −$364.7KReduced
  2. GLDSPDR Gold Trust
    −$342.6KReducedHistory
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    −$255.9KReduced
  4. Fidelity Covington Trust316092352
    −$254.3KReduced
  5. SYKStryker Corp
    −$224.7KSold outHistory

Largest weight decreases

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

  1. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.23 pp1.6% → 1.3%
  2. GLDSPDR Gold Trust
    −0.17 pp0.4% → 0.2%History
  3. XOMExxonMobil Holdings Corp
    −0.16 pp0.5% → 0.3%History
  4. Vanguard Scottsdale FDS92206C102
    −0.13 pp0.6% → 0.5%
  5. iShares Tr464287457
    −0.12 pp0.8% → 0.7%

Metrics

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

Portfolio value
$461.0M
+$67.6M (+17.2%) vs. prior quarter
Positions
220
+26 vs. prior quarter
Top 10 concentration
40.0%
Top 10 as share of value
Turnover
0.7%
Q2 2026, one quarter
Average holding period
16.8 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 (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 $461.0M (Q2 2026)

Q4 2021: $156.3MQ1 2022: $164.6MQ2 2022: $147.0MQ3 2022: $144.1MQ4 2022: $162.9MQ1 2023: $173.9MQ2 2023: $195.3MQ3 2023: $192.4MQ4 2023: $217.6MQ1 2024: $241.9MQ2 2024: $258.8MQ3 2024: $288.2MQ4 2024: $298.6MQ1 2025: $298.9MQ2 2025: $330.3MQ3 2025: $367.7MQ4 2025: $388.7MQ1 2026: $393.4MQ2 2026: $461.0M
Q4 2021Q2 2026
13F filings of Investment Advisory Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 6, 2026220$461.0MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFvs. Q1 2026SEC
Q1 2026Apr 22, 2026194$393.4MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFDimensional U.S. Core Equity 2 ETFvs. Q4 2025SEC
Q4 2025Jan 23, 2026194$388.7MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFvs. Q3 2025SEC
Q3 2025Nov 3, 2025190$367.7MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFvs. Q2 2025SEC
Q2 2025Jul 25, 2025175$330.3MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFvs. Q1 2025SEC
Q1 2025Apr 14, 2025168$298.9MVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFDimensional U.S. Core Equity 2 ETFvs. Q4 2024SEC
Q4 2024Jan 17, 2025168$298.6MVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFvs. Q3 2024SEC
Q3 2024Oct 15, 2024168$288.2MVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Growth ETFvs. Q2 2024SEC
Q2 2024Jul 31, 2024165$258.8MDimensional U.S. Core Equity 2 ETFVanguard Morningstar Growth ETFVanguard High Dividend Yield Index ETFvs. Q1 2024SEC
Q1 2024Apr 29, 2024158$241.9MDimensional U.S. Core Equity 2 ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q4 2023SEC
Q4 2023Jan 30, 2024147$217.6MDimensional U.S. Core Equity 2 ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q3 2023SEC
Q3 2023Oct 16, 2023144$192.4MDimensional U.S. Core Equity 2 ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Jul 17, 2023147$195.3MDimensional U.S. Core Equity 2 ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q1 2023SEC
Q1 2023May 2, 2023136$173.9MVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Growth ETFvs. Q4 2022SEC
Q4 2022Jan 19, 2023136$162.9MVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFiShares Core S&P Small Cap ETFvs. Q3 2022SEC
Q3 2022Oct 24, 2022126$144.1MVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Growth ETFvs. Q2 2022SEC
Q2 2022Jul 18, 2022125$147.0MVanguard High Dividend Yield Index ETFDimensional U.S. Core Equity 2 ETFVanguard Morningstar Growth ETFvs. Q1 2022SEC
Q1 2022Apr 29, 2022130$164.6MDimensional U.S. Core Equity 2 ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022122$156.3MDimensional U.S. Core Equity 2 ETFVanguard High Dividend Yield Index ETFVanguard Morningstar Growth ETF–SEC