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Livermore
Livermore
ZHEN

Fortitude Advisory Group L.L.C.

SEC CIK
0001928999
Latest filing
Jul 22, 2026

The latest 13F from Fortitude Advisory Group L.L.C. covers Q2 2026 (filed Jul 22, 2026): 237 long positions worth $261.7M. The top 10 holdings make up 40.3% of the portfolio, and the largest is Vanguard BD Index FDS at 10.2%. 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
27
Est. +$7.31M
Added
98
Est. +$15.8M
Reduced
63
Est. −$15.0M
Sold out
14
Est. −$6.17M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard BD Index FDS92203C303
    10.2%$26.7M
  2. NVDANVIDIA Corp
    9.4%$24.5MHistory
  3. MSFTMicrosoft Corp
    3.9%$10.2MHistory
  4. Pgim ETF Tr69344A107
    3.4%$8.80M
  5. AAPLApple Inc.
    2.8%$7.26MHistory

Share of portfolio

Top 5 holdings and the other 232 positions, by share of portfolio value

  1. Vanguard BD Index FDS10.2%
  2. NVDA9.4%
  3. MSFT3.9%
  4. Pgim ETF Tr3.4%
  5. AAPL2.8%
  6. Other 232 positions70.4%

Biggest buys

New and added positions, by estimated amount bought

  1. Pgim ETF Tr69344A107
    +$5.09MAdded
  2. BRK.BBerkshire Hathaway Inc
    +$1.51MAddedHistory
  3. GOOGLAlphabet Inc.
    +$758.7KAddedHistory
  4. CBRSCerebras Systems Inc.
    +$704.5KNewHistory
  5. Invesco S&P 500 Quality ETF46137V241
    +$472.1KAdded

Largest weight increases

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

  1. Pgim ETF Tr69344A107
    +1.69 pp1.7% → 3.4%
  2. MRVLMarvell Technology, Inc.
    +0.84 pp0.5% → 1.4%History
  3. BRK.BBerkshire Hathaway Inc
    +0.54 pp0.3% → 0.9%History
  4. GOOGLAlphabet Inc.
    +0.34 pp0.9% → 1.3%History
  5. AMDAdvanced Micro Devices Inc
    +0.29 pp0.2% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$5.28MReducedHistory
  2. BRK.ABerkshire Hathaway Inc
    −$1.44MSold outHistory
  3. AEHRAehr Test Systems
    −$1.38MReducedHistory
  4. TSLATesla, Inc.
    −$887.0KReducedHistory
  5. NRGNRG Energy, Inc.
    −$872.9KSold outHistory

Largest weight decreases

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

  1. Vanguard BD Index FDS92203C303
    −2.09 pp12.3% → 10.2%
  2. BRK.ABerkshire Hathaway Inc
    −0.65 pp0.6% → 0.0%History
  3. NVDANVIDIA Corp
    −0.52 pp9.9% → 9.4%History
  4. NRGNRG Energy, Inc.
    −0.39 pp0.4% → 0.0%History
  5. SPYSPDR S&P 500 ETF Trust
    −0.39 pp2.6% → 2.2%History

Metrics

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

Portfolio value
$261.7M
+$39.5M (+17.8%) vs. prior quarter
Positions
237
+13 vs. prior quarter
Top 10 concentration
40.3%
Top 10 as share of value
Turnover
8.7%
Q2 2026, one quarter
Average holding period
13.0 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 $261.7M (Q2 2026)

Q4 2021: $196.1MQ1 2022: $185.0MQ2 2022: $107.1MQ3 2022: $102.9MQ4 2022: $115.1MQ1 2023: $128.2MQ2 2023: $135.3MQ3 2023: $147.9MQ4 2023: $164.7MQ1 2024: $177.0MQ2 2024: $167.3MQ3 2024: $158.5MQ4 2024: $165.9MQ1 2025: $139.1MQ2 2025: $175.0MQ3 2025: $186.1MQ4 2025: $235.4MQ1 2026: $222.1MQ2 2026: $261.7M
Q4 2021Q2 2026
13F filings of Fortitude Advisory Group L.L.C. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026237$261.7MVanguard BD Index FDSNVDAMSFTvs. Q1 2026SEC
Q1 2026Apr 28, 2026224$222.1MVanguard BD Index FDSNVDAMSFTvs. Q4 2025SEC
Q4 2025Feb 13, 2026216$235.4MVanguard BD Index FDSNVDAFidelity Merrimack STR Trvs. Q3 2025SEC
Q3 2025Nov 5, 2025216$186.1MNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Jul 22, 2025216$175.0MNVDAMSFTSPYvs. Q1 2025SEC
Q1 2025Apr 17, 2025201$139.1MNVDAMSFTAAPLvs. Q4 2024SEC
Q4 2024Jan 22, 2025201$165.9MNVDAMSFTAAPLvs. Q3 2024SEC
Q3 2024Nov 13, 2024208$158.5MNVDAMSFTAAPLvs. Q2 2024SEC
Q2 2024Jul 25, 2024200$167.3MNVDASPDR Series TrustMSFTvs. Q1 2024SEC
Q1 2024May 2, 2024218$177.0MSPDR Series TrustNVDAMSFTvs. Q4 2023SEC
Q4 2023Feb 6, 2024224$164.7MSPDR Series TrustAAPLMSFTvs. Q3 2023SEC
Q3 2023Nov 14, 2023207$147.9MSPDR Series TrustAAPLMSFTvs. Q2 2023SEC
Q2 2023Jul 31, 2023209$135.3MAAPLMSFTNVDAvs. Q1 2023SEC
Q1 2023May 5, 2023219$128.2MAAPLMSFTSPYvs. Q4 2022SEC
Q4 2022Feb 13, 2023212$115.1MAAPLMSFTSPYvs. Q3 2022SEC
Q3 2022Nov 14, 2022195$102.9MAAPLMSFTSPYvs. Q2 2022SEC
Q2 2022Aug 16, 2022194$107.1MAAPLMSFTSPYvs. Q1 2022SEC
Q1 2022May 25, 20221,536$185.0MAAPLTrimtabs ETF TrMSFTvs. Q4 2021SEC
Q4 2021May 20, 20221,566$196.1MAAPLTrimtabs ETF TrMSFT–SEC