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Livermore
Livermore
ZHEN

Milestone Investment Advisors LLC

SEC CIK
0001967018
Latest filing
Aug 14, 2026

The latest 13F from Milestone Investment Advisors LLC covers Q2 2026 (filed Aug 14, 2026): 141 long positions worth $462.7M. The top 10 holdings make up 47.5% of the portfolio, and the largest is Invesco S&P 500 Quality ETF at 10.4%. 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
8
Est. +$353.2K
Added
37
Est. +$6.60M
Reduced
43
Est. −$5.26M
Sold out
6
Est. −$693.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco S&P 500 Quality ETF46137V241
    10.4%$48.1M
  2. Schwab U.S. Large-Cap Growth ETF808524300
    7.3%$34.0M
  3. Schwab U.S. Large-Cap ETF808524201
    6.4%$29.5M
  4. Vanguard Morningstar Growth ETF922908736
    4.6%$21.1M
  5. Fidelity High Dividend ETF316092840
    4.2%$19.6M

Share of portfolio

Top 5 holdings and the other 136 positions, by share of portfolio value

  1. Invesco S&P 500 Quality ETF10.4%
  2. Schwab U.S. Large-Cap Growth ETF7.3%
  3. Schwab U.S. Large-Cap ETF6.4%
  4. Vanguard Morningstar Growth ETF4.6%
  5. Fidelity High Dividend ETF4.2%
  6. Other 136 positions67.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Covington Trust316092352
    +$840.0KAdded
  2. Vanguard Morningstar Mid-Cap ETF922908629
    +$813.0KAddedConverted for a 4-for-1 split
  3. Fidelity Merrimack STR Tr316188309
    +$730.9KAdded
  4. Invesco S&P 500 Quality ETF46137V241
    +$529.4KAdded
  5. Fidelity Covington Trust31609A206
    +$478.6KAdded

Largest weight increases

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

  1. Invesco S&P 500 Quality ETF46137V241
    +0.81 pp9.6% → 10.4%
  2. Fidelity Covington Trust31609A206
    +0.30 pp1.5% → 1.8%
  3. Fidelity Covington Trust316092352
    +0.23 pp0.5% → 0.7%
  4. Vanguard Morningstar Mid-Cap ETF922908629
    +0.19 pp2.7% → 2.9%
  5. Schwab U.S. Broad Market ETF808524102
    +0.13 pp3.2% → 3.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. J P Morgan Exchange Traded F46641Q670
    −$1.48MReduced
  2. Schwab U.S. Large-Cap Growth ETF808524300
    −$616.9KReduced
  3. Legg Mason ETF Invt524682200
    −$444.2KSold out
  4. iShares Russell Top 200 Growth ETF464289438
    −$402.2KReduced
  5. Schwab US Dividend Equity ETF808524797
    −$244.1KReduced

Largest weight decreases

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

  1. J P Morgan Exchange Traded F46641Q670
    −0.61 pp2.7% → 2.1%
  2. iShares Tr46435G243
    −0.32 pp2.6% → 2.2%
  3. PIMCO ETF Tr72201R643
    −0.25 pp2.3% → 2.1%
  4. Vanguard Intermediate-Term Bond ETF921937819
    −0.21 pp1.5% → 1.3%
  5. Vanguard High Dividend Yield Index ETF921946406
    −0.18 pp2.9% → 2.7%

Metrics

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

Portfolio value
$462.7M
+$48.7M (+11.8%) vs. prior quarter
Positions
141
+2 vs. prior quarter
Top 10 concentration
47.5%
Top 10 as share of value
Turnover
1.4%
Q2 2026, one quarter
Average holding period
13.8 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 $462.7M (Q2 2026)

Q4 2022: $285.3MQ1 2023: $323.9MQ2 2023: $323.0MQ3 2023: $351.4MQ4 2023: $344.2MQ1 2024: $370.8MQ2 2024: $376.1MQ3 2024: $357.0MQ4 2024: $368.1MQ1 2025: $360.3MQ2 2025: $383.3MQ3 2025: $402.5MQ4 2025: $413.1MQ1 2026: $414.0MQ2 2026: $462.7M
Q4 2022Q2 2026
13F filings of Milestone Investment Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026141$462.7MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q1 2026SEC
Q1 2026May 5, 2026139$414.0MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q4 2025SEC
Q4 2025Feb 11, 2026133$413.1MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q3 2025SEC
Q3 2025Nov 14, 2025125$402.5MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q2 2025SEC
Q2 2025Aug 13, 2025124$383.3MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q1 2025SEC
Q1 2025Apr 28, 2025126$360.3MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q4 2024SEC
Q4 2024Feb 12, 2025130$368.1MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q3 2024SEC
Q3 2024Oct 30, 2024127$357.0MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q2 2024SEC
Q2 2024Aug 13, 2024132$376.1MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFvs. Q1 2024SEC
Q1 2024May 14, 2024128$370.8MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap Growth ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2023SEC
Q4 2023Feb 9, 2024125$344.2MInvesco S&P 500 Quality ETFVanguard Morningstar Total Stock Market ETFSchwab U.S. Large-Cap ETFvs. Q3 2023SEC
Q3 2023Nov 8, 2023443$351.4MInvesco S&P 500 Quality ETFSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETFvs. Q2 2023SEC
Q2 2023Aug 2, 2023120$323.0MSchwab U.S. Large-Cap ETFInvesco S&P 500 Quality ETFSchwab US Dividend Equity ETFvs. Q1 2023SEC
Q1 2023May 16, 2023444$323.9MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Mar 15, 2023121$285.3MSchwab US Dividend Equity ETFWisdomTree TrSchwab U.S. Large-Cap ETF–SEC