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Livermore
Livermore
ZHEN

Lowery Thomas, LLC

SEC CIK
0001919701
Latest filing
Jul 29, 2026

The latest 13F from Lowery Thomas, LLC covers Q2 2026 (filed Jul 29, 2026): 57 long positions worth $204.7M. The top 10 holdings make up 58.0% of the portfolio, and the largest is Schwab U.S. Large-Cap Growth ETF at 12.2%. 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
3
Est. +$827.0K
Added
26
Est. +$2.07M
Reduced
26
Est. −$3.90M
Sold out
1
Est. −$202.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap Growth ETF808524300
    12.2%$25.0M
  2. Vanguard S&P 500 ETF922908363
    9.2%$18.8M
  3. Invesco Nasdaq 100 ETF46138G649
    6.4%$13.0M
  4. VanEck Semiconductor ETF92189F676
    5.7%$11.7M
  5. Schwab Fundamental U.S. Large Company ETF808524771
    5.6%$11.5M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard BD Index FDS92203C303
    +$904.8KAdded
  2. Invesco Exch Traded FD Tr II46138E339
    +$310.3KNew
  3. ProShares Tr74347X633
    +$277.4KNew
  4. Vanguard Admiral FDS Inc921932778
    +$239.3KNew
  5. Schwab U.S. Large-Cap ETF808524201
    +$232.0KAdded

Largest weight increases

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

  1. iShares Semiconductor ETF464287523
    +0.16 pp0.2% → 0.4%
  2. Invesco Exch Traded FD Tr II46138E339
    +0.15 pp0.0% → 0.2%
  3. ProShares Tr74347X633
    +0.14 pp0.0% → 0.1%
  4. Vanguard Admiral FDS Inc921932778
    +0.12 pp0.0% → 0.1%
  5. Vanguard Admiral FDS Inc921932794
    +0.11 pp1.8% → 1.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Russell 1000 Growth ETF464287614
    −$617.2KReducedConverted for a 4-for-1 split
  2. Vanguard Total Bond Market ETF921937835
    −$609.2KReduced
  3. SPYSPDR S&P 500 ETF Trust
    −$485.4KReducedHistory
  4. Invesco Nasdaq 100 ETF46138G649
    −$416.7KReduced
  5. Schwab Fundamental U.S. Large Company ETF808524771
    −$227.6KReduced

Largest weight decreases

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

  1. Vanguard Total Bond Market ETF921937835
    −0.71 pp2.8% → 2.1%
  2. Schwab US Aggregate Bond ETF808524839
    −0.41 pp2.2% → 1.8%
  3. Schwab Fundamental U.S. Large Company ETF808524771
    −0.39 pp6.0% → 5.6%
  4. Fidelity Merrimack STR Tr316188408
    −0.34 pp2.2% → 1.8%
  5. SPYSPDR S&P 500 ETF Trust
    −0.33 pp4.8% → 4.4%History

Metrics

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

Portfolio value
$204.7M
+$29.8M (+17.1%) vs. prior quarter
Positions
57
+2 vs. prior quarter
Top 10 concentration
58.0%
Top 10 as share of value
Turnover
1.5%
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 $204.7M (Q2 2026)

Q4 2021: $144.9MQ1 2022: $128.9MQ2 2022: $104.6MQ3 2022: $85.5MQ4 2022: $83.3MQ1 2023: $90.7MQ2 2023: $101.7MQ3 2023: $104.6MQ4 2023: $116.5MQ1 2024: $130.6MQ2 2024: $137.1MQ3 2024: $147.4MQ4 2024: $153.4MQ1 2025: $146.2MQ2 2025: $156.2MQ3 2025: $173.2MQ4 2025: $177.0MQ1 2026: $174.9MQ2 2026: $204.7M
Q4 2021Q2 2026
13F filings of Lowery Thomas, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 202657$204.7MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q1 2026SEC
Q1 2026May 13, 202655$174.9MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q4 2025SEC
Q4 2025Jan 26, 202655$177.0MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q3 2025SEC
Q3 2025Nov 10, 202555$173.2MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q2 2025SEC
Q2 2025Jul 18, 202553$156.2MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q1 2025SEC
Q1 2025May 5, 202555$146.2MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q4 2024SEC
Q4 2024Feb 7, 202556$153.4MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q3 2024SEC
Q3 2024Nov 8, 202452$147.4MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q2 2024SEC
Q2 2024Aug 2, 202446$137.1MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFInvesco Nasdaq 100 ETFvs. Q1 2024SEC
Q1 2024May 10, 202446$130.6MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2023SEC
Q4 2023Feb 5, 202446$116.5MSchwab U.S. Large-Cap Growth ETFVanguard S&P 500 ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2023SEC
Q3 2023Nov 1, 202348$104.6MState Street SPDR Bloomberg 1-3 Month T-Bill ETFSchwab U.S. Large-Cap Growth ETFSchwab Strategic Trvs. Q2 2023SEC
Q2 2023Jul 31, 202346$101.7MState Street SPDR Bloomberg 1-3 Month T-Bill ETFSchwab Strategic TrSchwab U.S. Large-Cap Growth ETFvs. Q1 2023SEC
Q1 2023May 5, 202343$90.7MState Street SPDR Bloomberg 1-3 Month T-Bill ETFSchwab Strategic TrSchwab U.S. Large-Cap Growth ETFvs. Q4 2022SEC
Q4 2022Feb 10, 202338$83.3MState Street SPDR Bloomberg 1-3 Month T-Bill ETFSchwab Strategic TrSchwab U.S. Large-Cap Growth ETFvs. Q3 2022SEC
Q3 2022Nov 14, 202241$85.5MiShares Trust iShares 0-1 Year Treasury Bond ETFInvesco QQQ Trust Series IState Street SPDR Portfolio S&P 500 Growth ETFvs. Q2 2022SEC
Q2 2022Aug 15, 202244$104.6MiShares Trust iShares 0-1 Year Treasury Bond ETFiShares TrState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2022SEC
Q1 2022May 10, 202250$128.9MInvesco QQQ Trust Series ISchwab US Tips ETFiShares Trust iShares 0-1 Year Treasury Bond ETFvs. Q4 2021SEC
Q4 2021May 10, 202249$144.9MSchwab US Tips ETFInvesco QQQ Trust Series IState Street SPDR Portfolio S&P 500 Growth ETF–SEC