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Livermore
Livermore
ZHEN

Asset Allocation Strategies LLC

SEC CIK
0001922879
Latest filing
Aug 17, 2026

The latest 13F from Asset Allocation Strategies LLC covers Q2 2026 (filed Aug 17, 2026): 177 long positions worth $649.1M. The top 10 holdings make up 40.1% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 7.8%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2022.

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
17
Est. +$37.1M
Added
105
Est. +$45.9M
Reduced
52
Est. −$29.4M
Sold out
7
Est. −$20.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    7.8%$50.7M
  2. Invesco Exch Traded FD Tr II46138G698
    4.5%$29.0M
  3. Invesco Nasdaq 100 ETF46138G649
    4.3%$27.6M
  4. Schwab U.S. Large-Cap ETF808524201
    4.0%$26.2M
  5. Invesco QQQ Tr46090E107
    3.7%$23.9M

Share of portfolio

Top 5 holdings and the other 172 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF7.8%
  2. Invesco Exch Traded FD Tr II4.5%
  3. Invesco Nasdaq 100 ETF4.3%
  4. Schwab U.S. Large-Cap ETF4.0%
  5. Invesco QQQ Tr3.7%
  6. Other 172 positions75.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco QQQ Tr46090E107
    +$23.9MNew
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$12.0MAdded
  3. Invesco S&P 500 Quality ETF46137V241
    +$9.05MNew
  4. Invesco Exchange Traded Fund T 1 30 Lader Tre ETF46138E111
    +$5.57MAdded
  5. iShares Core U.S. Aggregate Bond ETF464287226
    +$4.71MAdded

Largest weight increases

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

  1. Invesco QQQ Tr46090E107
    +3.68 pp0.0% → 3.7%
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +1.83 pp6.0% → 7.8%
  3. Invesco S&P 500 Quality ETF46137V241
    +1.39 pp0.0% → 1.4%
  4. Invesco Exchange Traded Fund T 1 30 Lader Tre ETF46138E111
    +0.79 pp0.5% → 1.3%
  5. iShares Core U.S. Aggregate Bond ETF464287226
    +0.51 pp1.6% → 2.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$18.1MSold out
  2. iShares Core MSCI Eafe ETF46432F842
    −$4.39MReduced
  3. Invesco Exch Traded FD Tr II46138G698
    −$3.71MReduced
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −$3.14MReduced
  5. iShares Core S&P Mid-Cap ETF464287507
    −$2.60MReduced

Largest weight decreases

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

  1. Invesco QQQ Trust Series I46090E103
    −3.22 pp3.2% → 0.0%
  2. iShares Core MSCI Eafe ETF46432F842
    −0.79 pp1.6% → 0.8%
  3. Invesco Exch Traded FD Tr II46138G698
    −0.76 pp5.2% → 4.5%
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −0.46 pp0.8% → 0.3%
  5. iShares Core S&P Mid-Cap ETF464287507
    −0.42 pp2.1% → 1.7%

Metrics

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

Portfolio value
$649.1M
+$86.0M (+15.3%) vs. prior quarter
Positions
177
+10 vs. prior quarter
Top 10 concentration
40.1%
Top 10 as share of value
Turnover
8.2%
Q2 2026, one quarter
Average holding period
9.3 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 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $649.1M (Q2 2026)

Q4 2022: $147.3MQ1 2023: $34.7MQ2 2023: $211.8MQ3 2023: $216.7MQ4 2023: $256.1MQ1 2024: $283.1MQ2 2024: $297.4MQ3 2024: $351.3MQ4 2024: $415.5MQ1 2025: $401.9MQ2 2025: $449.7MQ3 2025: $505.1MQ4 2025: $540.4MQ1 2026: $563.1MQ2 2026: $649.1M
Q4 2022Q2 2026
13F filings of Asset Allocation Strategies LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 17, 2026177$649.1MState Street SPDR Portfolio S&P 500 ETFInvesco Exch Traded FD Tr IIInvesco Nasdaq 100 ETFvs. Q1 2026SEC
Q1 2026Apr 22, 2026167$563.1MState Street SPDR Portfolio S&P 500 ETFInvesco Exch Traded FD Tr IIInvesco Nasdaq 100 ETFvs. Q4 2025SEC
Q4 2025Feb 13, 2026162$540.4MInvesco Exch Traded FD Tr IIInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFvs. Q3 2025SEC
Q3 2025Oct 8, 2025148$505.1MInvesco Nasdaq 100 ETFSchwab U.S. Large-Cap ETFSchwab US Aggregate Bond ETFvs. Q2 2025SEC
Q2 2025Aug 15, 2025136$449.7MInvesco Nasdaq 100 ETFSchwab US Dividend Equity ETFInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 15, 2025125$401.9MSchwab US Dividend Equity ETFVanguard Ftse Developed Markets ETFInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024May 15, 2025125$415.5MSchwab US Dividend Equity ETFInvesco QQQ Trust Series IiShares Trvs. Q3 2024SEC
Q3 2024Nov 18, 2024117$351.3MSchwab US Dividend Equity ETFInvesco QQQ Trust Series IiShares Trvs. Q2 2024SEC
Q2 2024Jul 31, 202492$297.4MSchwab US Dividend Equity ETFInvesco QQQ Trust Series IiShares Trvs. Q1 2024SEC
Q1 2024May 7, 202478$283.1MSchwab US Dividend Equity ETFInvesco QQQ Trust Series IiShares Trvs. Q4 2023SEC
Q4 2023Feb 14, 202467$256.1MSchwab US Dividend Equity ETFInvesco QQQ Trust Series IInvesco Actively Managed Excvs. Q3 2023SEC
Q3 2023Nov 17, 202364$216.7MSchwab US Dividend Equity ETFInvesco QQQ Trust Series IInvesco Actively Managed Excvs. Q2 2023SEC
Q2 2023Aug 14, 202362$211.8MSchwab US Dividend Equity ETFInvesco QQQ Trust Series IInvesco Actively Managed Excvs. Q1 2023SEC
Q1 2023May 15, 202333$34.7MSchwab US Dividend Equity ETFInvesco QQQ Trust Series IInvesco Actively Managed Excvs. Q4 2022SEC
Q4 2022Feb 16, 202355$147.3MSchwab US Dividend Equity ETFInvesco Actively Managed ExcInvesco QQQ Trust Series I–SEC