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Livermore
Livermore
ZHEN

FSM Wealth Advisors, LLC

SEC CIK
0001942548
Latest filing
Jul 15, 2026

The latest 13F from FSM Wealth Advisors, LLC covers Q2 2026 (filed Jul 15, 2026): 344 long positions worth $932.0M. The top 10 holdings make up 43.0% of the portfolio, and the largest is J P Morgan Exchange Traded F at 7.2%. Livermore has 17 filings on Form 13F from this institution, going back to Q2 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
41
Est. +$12.3M
Added
193
Est. +$74.6M
Reduced
88
Est. −$6.82M
Sold out
13
Est. −$3.31M

Top 5 holdings

Share of this quarter's portfolio value

  1. J P Morgan Exchange Traded F46641Q852
    7.2%$66.7M
  2. PIMCO Active Bond Exchange-Traded Fund72201R775
    5.8%$53.8M
  3. J P Morgan Exchange Traded F46641Q167
    4.7%$43.7M
  4. Vanguard Morningstar Total Stock Market ETF922908769
    4.4%$41.2M
  5. Schwab International Equity ETF808524805
    4.2%$39.2M

Share of portfolio

Top 5 holdings and the other 339 positions, by share of portfolio value

  1. J P Morgan Exchange Traded F7.2%
  2. PIMCO Active Bond Exchange-Traded Fund5.8%
  3. J P Morgan Exchange Traded F4.7%
  4. Vanguard Morningstar Total Stock Market ETF4.4%
  5. Schwab International Equity ETF4.2%
  6. Other 339 positions73.8%

Biggest buys

New and added positions, by estimated amount bought

  1. J P Morgan Exchange Traded F46641Q852
    +$10.4MAdded
  2. AB Active ETFs Inc00039J889
    +$8.44MAdded
  3. iShares Core S&P 500 ETF464287200
    +$4.23MAdded
  4. PIMCO Active Bond Exchange-Traded Fund72201R775
    +$4.16MAdded
  5. Schwab International Equity ETF808524805
    +$4.14MAdded

Largest weight increases

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

  1. AB Active ETFs Inc00039J889
    +0.64 pp1.7% → 2.4%
  2. iShares Core S&P 500 ETF464287200
    +0.43 pp0.5% → 0.9%
  3. MUMicron Technology Inc
    +0.22 pp0.1% → 0.3%History
  4. INTCIntel Corp
    +0.21 pp0.1% → 0.3%History
  5. AMATApplied Materials Inc
    +0.20 pp0.1% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab U.S. Small-Cap ETF808524607
    −$566.6KReduced
  2. iShares Tr464288414
    −$490.7KReduced
  3. ProShares Tr74347X823
    −$401.6KSold out
  4. STRLSterling Infrastructure, Inc.
    −$395.3KReducedHistory
  5. HONHoneywell International Inc
    −$368.1KReducedHistory

Largest weight decreases

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

  1. First Tr Exchange-Traded FD336917109
    −0.16 pp0.6% → 0.5%
  2. INTUIntuit Inc.
    −0.09 pp0.2% → 0.1%History
  3. iShares Tr464288414
    −0.09 pp0.2% → 0.1%
  4. PGRProgressive Corp
    −0.08 pp0.8% → 0.7%History
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.08 pp0.4% → 0.3%

Metrics

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

Portfolio value
$932.0M
+$153.8M (+19.8%) vs. prior quarter
Positions
344
+28 vs. prior quarter
Top 10 concentration
43.0%
Top 10 as share of value
Turnover
1.2%
Q2 2026, one quarter
Average holding period
14.4 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 (Q2 2022), so positions held before then are understated.

13F filings by quarter

17 quarters, going back to Q2 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $932.0M (Q2 2026)

Q2 2022: $101.0MQ3 2022: $120.4MQ4 2022: $140.6MQ1 2023: $172.3MQ2 2023: $199.3MQ3 2023: $198.8MQ4 2023: $235.2MQ1 2024: $281.6MQ2 2024: $298.3MQ3 2024: $376.8MQ4 2024: $408.5MQ1 2025: $444.6MQ2 2025: $614.9MQ3 2025: $706.9MQ4 2025: $731.1MQ1 2026: $778.2MQ2 2026: $932.0M
Q2 2022Q2 2026
13F filings of FSM Wealth Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 15, 2026344$932.0MJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded FundJ P Morgan Exchange Traded Fvs. Q1 2026SEC
Q1 2026Apr 27, 2026316$778.2MJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded FundJ P Morgan Exchange Traded Fvs. Q4 2025SEC
Q4 2025Jan 23, 2026305$731.1MJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded FundJ P Morgan Exchange Traded Fvs. Q3 2025SEC
Q3 2025Oct 17, 2025320$706.9MJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded FundJ P Morgan Exchange Traded Fvs. Q2 2025SEC
Q2 2025Jul 31, 2025287$614.9MJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded FundJ P Morgan Exchange Traded Fvs. Q1 2025SEC
Q1 2025Apr 28, 2025211$444.6MJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded FundJ P Morgan Exchange Traded Fvs. Q4 2024SEC
Q4 2024Jan 24, 2025192$408.5MJ P Morgan Exchange Traded FJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded Fundvs. Q3 2024SEC
Q3 2024Oct 30, 2024189$376.8MJ P Morgan Exchange Traded FJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded Fundvs. Q2 2024SEC
Q2 2024Jul 12, 2024157$298.3MJ P Morgan Exchange Traded FVanguard Morningstar Total Stock Market ETFVanguard Total World Stock ETFvs. Q1 2024SEC
Q1 2024May 14, 2024166$281.6MJ P Morgan Exchange Traded FVanguard Morningstar Total Stock Market ETFVanguard Total World Stock ETFvs. Q4 2023SEC
Q4 2023May 14, 2024154$235.2MJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded FundVanguard Morningstar Total Stock Market ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023144$198.8MVanguard Morningstar Total Stock Market ETFJ P Morgan Exchange Traded FPIMCO Active Bond Exchange-Traded Fundvs. Q2 2023SEC
Q2 2023Jul 12, 2023165$199.3MVanguard Morningstar Total Stock Market ETFVanguard Total World Stock ETFPIMCO Active Bond Exchange-Traded Fundvs. Q1 2023SEC
Q1 2023Apr 24, 2023156$172.3MVanguard Morningstar Total Stock Market ETFVanguard Total World Stock ETFVanguard Scottsdale FDSvs. Q4 2022SEC
Q4 2022Jan 19, 2023141$140.6MVanguard Morningstar Total Stock Market ETFJPMorgan Ultra-Short Income ETFVanguard Scottsdale FDSvs. Q3 2022SEC
Q3 2022Oct 24, 2022130$120.4MVanguard Morningstar Total Stock Market ETFJPMorgan Ultra-Short Income ETFVanguard Scottsdale FDSvs. Q2 2022SEC
Q2 2022Aug 12, 2022113$101.0MVanguard Morningstar Total Stock Market ETFAAPLVanguard Total World Stock ETF–SEC