Skip to main content
Livermore
Livermore
ZHEN

Hofer & Associates. Inc

SEC CIK
0001958491
Latest filing
Jul 21, 2026

The latest 13F from Hofer & Associates. Inc covers Q2 2026 (filed Jul 21, 2026): 70 long positions worth $206.9M. The top 10 holdings make up 54.6% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 Growth ETF at 11.9%. 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
7
Est. +$1.84M
Added
44
Est. +$4.32M
Reduced
10
Est. −$1.37M
Sold out
1
Est. −$202.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    11.9%$24.7M
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    8.0%$16.6M
  3. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    6.7%$13.8M
  4. Vanguard Morningstar Growth ETF922908736
    5.8%$12.1M
  5. AMGNAmgen Inc
    4.8%$9.95MHistory

Share of portfolio

Top 5 holdings and the other 65 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF11.9%
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF8.0%
  3. State Street SPDR Portfolio S&P 500 Value ETF6.7%
  4. Vanguard Morningstar Growth ETF5.8%
  5. AMGN4.8%
  6. Other 65 positions62.7%

Biggest buys

New and added positions, by estimated amount bought

  1. HDHome Depot, Inc.
    +$383.7KNewHistory
  2. Vanguard Malvern FDS922020748
    +$370.3KAdded
  3. TSLATesla, Inc.
    +$299.5KNewHistory
  4. VVisa Inc.
    +$287.9KAddedHistory
  5. AMDAdvanced Micro Devices Inc
    +$285.2KNewHistory

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +0.42 pp5.4% → 5.8%
  2. State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853
    +0.31 pp3.0% → 3.3%
  3. HDHome Depot, Inc.
    +0.19 pp0.0% → 0.2%History
  4. VVisa Inc.
    +0.14 pp0.3% → 0.4%History
  5. TSLATesla, Inc.
    +0.14 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$1.17MReduced
  2. GLDSPDR Gold Trust
    −$202.7KSold outHistory
  3. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$72.2KReduced
  4. ELVElevance Health, Inc.
    −$41.8KReducedHistory
  5. NVDANVIDIA Corp
    −$32.0KReducedHistory

Largest weight decreases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −1.53 pp9.6% → 8.0%
  2. GLDSPDR Gold Trust
    −0.11 pp0.1% → 0.0%History
  3. CVXChevron Corp
    −0.06 pp0.2% → 0.2%History
  4. Pacer US Cash Cows 100 ETF69374H881
    −0.04 pp0.4% → 0.3%
  5. Pacer FDS Tr69374H709
    −0.03 pp0.2% → 0.1%

Metrics

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

Portfolio value
$206.9M
+$20.8M (+11.2%) vs. prior quarter
Positions
70
+6 vs. prior quarter
Top 10 concentration
54.6%
Top 10 as share of value
Turnover
0.8%
Q2 2026, one quarter
Average holding period
16.2 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 $206.9M (Q2 2026)

Q4 2021: $110.4MQ1 2022: $113.6MQ2 2022: $96.1MQ3 2022: $93.0MQ4 2022: $100.3MQ1 2023: $100.0MQ2 2023: $104.1MQ3 2023: $97.5MQ4 2023: $107.7MQ1 2024: $118.8MQ2 2024: $129.0MQ3 2024: $145.0MQ4 2024: $149.0MQ1 2025: $147.3MQ2 2025: $160.3MQ3 2025: $174.6MQ4 2025: $188.7MQ1 2026: $186.1MQ2 2026: $206.9M
Q4 2021Q2 2026
13F filings of Hofer & Associates. Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 202670$206.9MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2026SEC
Q1 2026Apr 22, 202664$186.1MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2025SEC
Q4 2025Jan 15, 202666$188.7MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2025SEC
Q3 2025Oct 21, 202560$174.6MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2025SEC
Q2 2025Jul 15, 202555$160.3MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2025SEC
Q1 2025Apr 23, 202557$147.3MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2024SEC
Q4 2024Jan 24, 202560$149.0MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2024SEC
Q3 2024Oct 21, 202460$145.0MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2024SEC
Q2 2024Jul 18, 202456$129.0MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFVanguard Morningstar Growth ETFvs. Q1 2024SEC
Q1 2024Apr 22, 202455$118.8MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFVanguard Morningstar Growth ETFvs. Q4 2023SEC
Q4 2023Jan 22, 202453$107.7MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFVanguard Morningstar Growth ETFvs. Q3 2023SEC
Q3 2023Oct 13, 202348$97.5MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Jul 14, 202351$104.1MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFVanguard Morningstar Growth ETFvs. Q1 2023SEC
Q1 2023Apr 14, 202352$100.0MBRK.AState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2022SEC
Q4 2022Jan 26, 202352$100.3MBRK.AState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2022SEC
Q3 2022Dec 15, 202247$93.0MBRK.AState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2022SEC
Q2 2022Dec 15, 202249$96.1MState Street SPDR Portfolio S&P 500 Growth ETFBRK.AState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2022SEC
Q1 2022Dec 15, 202252$113.6MBRK.AState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2021SEC
Q4 2021Dec 15, 202250$110.4MState Street SPDR Portfolio S&P 500 Growth ETFBRK.AVanguard Morningstar Growth ETF–SEC