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Livermore
Livermore
ZHEN

Palo Alto Wealth Advisors, LLC

SEC CIK
0001964382
Latest filing
Nov 12, 2025

The latest 13F from Palo Alto Wealth Advisors, LLC covers Q3 2025 (filed Nov 12, 2025): 64 long positions worth $343.3M. The top 10 holdings make up 81.9% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 34.1%. Livermore has 12 filings on Form 13F from this institution, going back to Q4 2022.

What changed in Q3 2025

Share counts compared with Q2 2025: 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
10
Est. +$3.64M
Added
33
Est. +$8.53M
Reduced
15
Est. −$17.3M
Sold out
1
Est. −$208.6K

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    34.1%$117.2MHistory
  2. GOOGLAlphabet Inc.
    16.1%$55.4MHistory
  3. iShares MSCI USA Quality Factor ETF46432F339
    7.2%$24.7M
  4. WisdomTree Tr97717X669
    6.2%$21.2M
  5. NVDANVIDIA Corp
    4.7%$16.0MHistory

Share of portfolio

Top 5 holdings and the other 59 positions, by share of portfolio value

  1. GOOG34.1%
  2. GOOGL16.1%
  3. iShares MSCI USA Quality Factor ETF7.2%
  4. WisdomTree Tr6.2%
  5. NVDA4.7%
  6. Other 59 positions31.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Goldman Sachs ETF Tr381430107
    +$1.33MAdded
  2. iShares Tr46434V860
    +$1.26MAdded
  3. iShares MSCI USA Quality Factor ETF46432F339
    +$1.09MAdded
  4. American Centy ETF Tr025072125
    +$1.08MAdded
  5. AVGOBroadcom Inc.
    +$877.7KAddedHistory

Largest weight increases

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

  1. AVGOBroadcom Inc.
    +0.25 pp0.3% → 0.5%History
  2. American Centy ETF Tr025072703
    +0.20 pp0.0% → 0.2%
  3. iShares Core S&P Mid-Cap ETF464287507
    +0.19 pp0.0% → 0.2%
  4. American Centy ETF Tr025072158
    +0.15 pp0.0% → 0.1%
  5. iShares Core S&P Small Cap ETF464287804
    +0.13 pp0.1% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGAlphabet Inc.
    −$8.87MReducedHistory
  2. NVDANVIDIA Corp
    −$2.97MReducedHistory
  3. VanEck Morningstar Wide Moat ETF92189F643
    −$1.37MReduced
  4. GOOGLAlphabet Inc.
    −$1.18MReducedHistory
  5. WisdomTree Tr97717Y527
    −$911.0KReduced

Largest weight decreases

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

  1. NVDANVIDIA Corp
    −1.21 pp5.9% → 4.7%History
  2. VanEck Morningstar Wide Moat ETF92189F643
    −1.15 pp4.5% → 3.4%
  3. WisdomTree Tr97717Y527
    −0.91 pp2.8% → 1.9%
  4. John Hancock Exchange Traded47804J206
    −0.59 pp2.8% → 2.2%
  5. iShares Tr464287622
    −0.47 pp1.8% → 1.3%

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$343.3M
+$78.9M (+29.9%) vs. prior quarter
Positions
64
+9 vs. prior quarter
Top 10 concentration
81.9%
Top 10 as share of value
Turnover
4.0%
Q3 2025, one quarter
Average holding period
11.3 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

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

Peak $343.3M (Q3 2025)

Q4 2022: $117.3MQ1 2023: $124.8MQ2 2023: $125.3MQ3 2023: $119.8MQ4 2023: $132.3MQ1 2024: $141.8MQ2 2024: $144.7MQ3 2024: $241.6MQ4 2024: $285.0MQ1 2025: $256.4MQ2 2025: $264.3MQ3 2025: $343.3M
Q4 2022Q3 2025
13F filings of Palo Alto Wealth Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Nov 12, 202564$343.3MGOOGGOOGLiShares MSCI USA Quality Factor ETFvs. Q2 2025SEC
Q2 2025Aug 14, 202555$264.3MGOOGGOOGLiShares MSCI USA Quality Factor ETFvs. Q1 2025SEC
Q1 2025May 15, 202552$256.4MGOOGGOOGLiShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Feb 14, 202551$285.0MGOOGGOOGLVanEck Morningstar Wide Moat ETFvs. Q3 2024SEC
Q3 2024Nov 6, 202450$241.6MGOOGGOOGLVanEck Morningstar Wide Moat ETFvs. Q2 2024SEC
Q2 2024Aug 13, 202442$144.7MVanEck Morningstar Wide Moat ETFWisdomTree TriShares MSCI USA Quality Factor ETFvs. Q1 2024SEC
Q1 2024Apr 30, 202442$141.8MVanEck Morningstar Wide Moat ETFWisdomTree TriShares MSCI USA Quality Factor ETFvs. Q4 2023SEC
Q4 2023Feb 5, 202438$132.3MVanEck Morningstar Wide Moat ETFWisdomTree TriShares MSCI USA Quality Factor ETFvs. Q3 2023SEC
Q3 2023Oct 30, 202339$119.8MVanEck Morningstar Wide Moat ETFWisdomTree TriShares MSCI USA Quality Factor ETFvs. Q2 2023SEC
Q2 2023Aug 7, 202339$125.3MVanEck Morningstar Wide Moat ETFWisdomTree TrGOOGvs. Q1 2023SEC
Q1 2023Apr 18, 202341$124.8MVanEck Morningstar Wide Moat ETFWisdomTree TrGOOGLvs. Q4 2022SEC
Q4 2022Feb 7, 202343$117.3MVanEck Morningstar Wide Moat ETFWisdomTree TrGOOGL–SEC