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Livermore
Livermore
ZHEN

Frank, Rimerman Advisors LLC

SEC CIK
0001977560
Latest filing
Jul 27, 2026

The latest 13F from Frank, Rimerman Advisors LLC covers Q2 2026 (filed Jul 27, 2026): 612 long positions worth $1.77B. The top 10 holdings make up 37.3% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 6.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 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
71
Est. +$34.2M
Added
318
Est. +$53.5M
Reduced
170
Est. −$51.0M
Sold out
49
Est. −$26.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    6.3%$111.9MHistory
  2. Invesco QQQ Trust Series I46090E103
    6.1%$108.0M
  3. GOOGLAlphabet Inc.
    5.2%$91.5MHistory
  4. AAPLApple Inc.
    4.7%$83.4MHistory
  5. SPYSPDR S&P 500 ETF Trust
    3.1%$54.2MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AMDAdvanced Micro Devices Inc
    +$4.41MAddedHistory
  2. AMZNAmazon Com Inc
    +$4.23MAddedHistory
  3. TROWPrice T Rowe Group Inc
    +$3.92MNewHistory
  4. INTCIntel Corp
    +$3.20MAddedHistory
  5. BXBlackstone Inc.
    +$2.61MNewHistory

Largest weight increases

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

  1. AMDAdvanced Micro Devices Inc
    +0.76 pp0.4% → 1.1%History
  2. AMATApplied Materials Inc
    +0.44 pp0.5% → 0.9%History
  3. INTCIntel Corp
    +0.40 pp0.1% → 0.5%History
  4. GOOGLAlphabet Inc.
    +0.37 pp4.8% → 5.2%History
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.32 pp1.2% → 1.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$8.96MSold outHistory
  2. MSFTMicrosoft Corp
    −$6.36MReducedHistory
  3. CRWDCrowdStrike Holdings, Inc.
    −$2.42MReducedHistory
  4. HDHome Depot, Inc.
    −$2.38MReducedHistory
  5. HONHoneywell International Inc
    −$1.94MSold outHistory

Largest weight decreases

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

  1. NFLXNetflix Inc
    −1.38 pp3.7% → 2.3%History
  2. MSFTMicrosoft Corp
    −0.76 pp3.1% → 2.3%History
  3. XOMExxonMobil Holdings Corp
    −0.59 pp0.6% → 0.0%History
  4. METAMeta Platforms, Inc.
    −0.25 pp1.6% → 1.3%History
  5. CMECME Group Inc.
    −0.17 pp0.4% → 0.2%History

Metrics

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

Portfolio value
$1.77B
+$241.0M (+15.8%) vs. prior quarter
Positions
612
+22 vs. prior quarter
Top 10 concentration
37.3%
Top 10 as share of value
Turnover
4.7%
Q2 2026, one quarter
Average holding period
15.9 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 (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.77B (Q2 2026)

Q1 2021: $226.0MQ2 2021: $255.9MQ3 2021: $258.9MQ4 2021: $298.1MQ1 2022: $312.3MQ2 2022: $261.8MQ3 2022: $277.2MQ4 2022: $321.0MQ1 2023: $361.9MQ2 2023: $418.6MQ3 2023: $413.5MQ4 2023: $479.3MQ1 2024: $519.5MQ2 2024: $1.41BQ3 2024: $1.41BQ4 2024: $1.38BQ1 2025: $1.26BQ2 2025: $1.49BQ3 2025: $1.56BQ4 2025: $1.58BQ1 2026: $1.53BQ2 2026: $1.77B
Q1 2021Q2 2026
13F filings of Frank, Rimerman Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 2026612$1.77BNVDAInvesco QQQ Trust Series IGOOGLvs. Q1 2026SEC
Q1 2026Apr 29, 2026590$1.53BNVDAInvesco QQQ Trust Series IGOOGLvs. Q4 2025SEC
Q4 2025Jan 15, 2026600$1.58BNVDAInvesco QQQ Trust Series IGOOGLvs. Q3 2025SEC
Q3 2025Nov 4, 2025593$1.56BNVDAInvesco QQQ Trust Series INFLXvs. Q2 2025SEC
Q2 2025Aug 11, 2025561$1.49BInvesco Nasdaq 100 ETFNVDAInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 12, 2025512$1.26BInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IAAPLvs. Q4 2024SEC
Q4 2024Feb 10, 2025518$1.38BInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IAAPLvs. Q3 2024SEC
Q3 2024Oct 24, 2024527$1.41BInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IAAPLvs. Q2 2024SEC
Q2 2024Aug 13, 2024538$1.41BInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IAAPLvs. Q1 2024SEC
Q1 2024May 9, 2024336$519.5MInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IiShares S&P 500 Value ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024315$479.3MInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IiShares S&P 500 Value ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023101$413.5MInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IiShares S&P 500 Value ETFvs. Q2 2023SEC
Q2 2023Aug 14, 2023112$418.6MInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IiShares S&P 500 Value ETFvs. Q1 2023SEC
Q1 2023May 15, 2023108$361.9MInvesco Nasdaq 100 ETFInvesco QQQ Trust Series IiShares S&P 500 Value ETFvs. Q4 2022SEC
Q4 2022Sep 7, 202396$321.0MInvesco QQQ Trust Series IInvesco Nasdaq 100 ETFiShares S&P 500 Value ETFvs. Q3 2022SEC
Q3 2022Sep 7, 202393$277.2MInvesco QQQ Trust Series IPRCTInvesco Nasdaq 100 ETFvs. Q2 2022SEC
Q2 2022Sep 7, 202387$261.8MInvesco QQQ Trust Series IPRCTSPYvs. Q1 2022SEC
Q1 2022Sep 7, 2023121$312.3MInvesco QQQ Trust Series ISPYVanguard Wellington FDvs. Q4 2021SEC
Q4 2021Sep 7, 2023116$298.1MInvesco QQQ Trust Series ISPYVanguard Wellington FDvs. Q3 2021SEC
Q3 2021Sep 7, 2023108$258.9MInvesco QQQ Trust Series ISPYGOOGvs. Q2 2021SEC
Q2 2021Sep 13, 202382$255.9MInvesco QQQ Trust Series ISPYGOOGLvs. Q1 2021SEC
Q1 2021Sep 13, 202383$226.0MInvesco QQQ Trust Series ISPYGOOGL–SEC