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Livermore
Livermore
ZHEN

AJ Advisors, LLC

SEC CIK
0001951167
Latest filing
Jul 23, 2026

The latest 13F from AJ Advisors, LLC covers Q2 2026 (filed Jul 23, 2026): 37 long positions worth $321.8M. The top 10 holdings make up 85.9% of the portfolio, and the largest is Vanguard S&P 500 ETF at 23.8%. 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
5
Est. +$7.92M
Added
20
Est. +$7.72M
Reduced
12
Est. −$436.8K
Sold out
1
Est. −$206.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    23.8%$76.7M
  2. iShares Tr46435G524
    12.6%$40.7M
  3. Invesco QQQ Trust Series I46090E103
    12.6%$40.6M
  4. Vanguard Morningstar Mid-Cap ETF922908629
    6.3%$20.4M
  5. Vanguard Morningstar Small-Cap ETF922908751
    6.3%$20.2M

Biggest buys

New and added positions, by estimated amount bought

  1. SPDR Series Trust78464A284
    +$3.04MNew
  2. First Tr Exch Traded FD III33739P301
    +$3.03MNew
  3. Vanguard S&P 500 ETF922908363
    +$1.91MAdded
  4. iShares Tr46435G524
    +$1.67MAdded
  5. Principal Exchange Traded FD74255Y102
    +$1.49MNew

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +0.95 pp11.7% → 12.6%
  2. SPDR Series Trust78464A284
    +0.95 pp0.0% → 0.9%
  3. First Tr Exch Traded FD III33739P301
    +0.94 pp0.0% → 0.9%
  4. Principal Exchange Traded FD74255Y102
    +0.46 pp0.0% → 0.5%
  5. UNHUnitedHealth Group Inc
    +0.07 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VanEck Semiconductor ETF92189F676
    −$340.4KReduced
  2. GMEDGlobus Medical Inc
    −$206.7KSold outHistory
  3. AMZNAmazon Com Inc
    −$32.4KReducedHistory
  4. AAPLApple Inc.
    −$14.5KReducedHistory
  5. NVDANVIDIA Corp
    −$12.8KReducedHistory

Largest weight decreases

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

  1. GMEDGlobus Medical Inc
    −0.08 pp0.1% → 0.0%History
  2. BLKBlackRock, Inc.
    −0.03 pp0.2% → 0.1%History
  3. AAPLApple Inc.
    −0.03 pp0.5% → 0.5%History
  4. HDHome Depot, Inc.
    −0.02 pp0.2% → 0.2%History
  5. AMZNAmazon Com Inc
    −0.02 pp0.3% → 0.3%History

Metrics

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

Portfolio value
$321.8M
+$52.3M (+19.4%) vs. prior quarter
Positions
37
+4 vs. prior quarter
Top 10 concentration
85.9%
Top 10 as share of value
Turnover
0.2%
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 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 $321.8M (Q2 2026)

Q4 2022: $124.7MQ1 2023: $136.2MQ2 2023: $143.8MQ3 2023: $133.0MQ4 2023: $162.6MQ1 2024: $181.3MQ2 2024: $180.8MQ3 2024: $195.0MQ4 2024: $192.7MQ1 2025: $195.4MQ2 2025: $224.8MQ3 2025: $244.3MQ4 2025: $270.9MQ1 2026: $269.5MQ2 2026: $321.8M
Q4 2022Q2 2026
13F filings of AJ Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202637$321.8MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026Apr 23, 202633$269.5MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Jan 21, 202635$270.9MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Oct 31, 202536$244.3MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Aug 8, 202537$224.8MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 6, 202534$195.4MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Jan 24, 202532$192.7MVanguard S&P 500 ETFInvesco QQQ Trust Series IiShares Trvs. Q3 2024SEC
Q3 2024Oct 31, 202434$195.0MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jul 30, 202433$180.8MVanguard S&P 500 ETFInvesco QQQ Trust Series IiShares Trvs. Q1 2024SEC
Q1 2024Apr 25, 202448$181.3MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Jan 24, 202443$162.6MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q3 2023SEC
Q3 2023Nov 3, 202335$133.0MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q2 2023SEC
Q2 2023Aug 3, 202335$143.8MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023Apr 21, 202336$136.2MVanguard S&P 500 ETFiShares TrInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Feb 3, 202337$124.7MVanguard S&P 500 ETFiShares TrVanguard Morningstar Mid-Cap ETF–SEC