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Livermore
Livermore
ZHEN

Seven Mile Advisory

SEC CIK
0001987932
Latest filing
Aug 13, 2026

The latest 13F from Seven Mile Advisory covers Q2 2026 (filed Aug 13, 2026): 158 long positions worth $148.9M. The top 10 holdings make up 45.5% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 12.0%. Livermore has 13 filings on Form 13F from this institution, going back to Q2 2023.

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
25
Est. +$9.25M
Added
28
Est. +$2.97M
Reduced
87
Est. −$10.8M
Sold out
49
Est. −$13.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    12.0%$17.8MHistory
  2. Dimensional Emerging Core Equity Market ETF25434V302
    5.6%$8.36M
  3. SPYSPDR S&P 500 ETF Trust
    5.5%$8.15MHistory
  4. Vanguard S&P 500 ETF922908363
    4.6%$6.89M
  5. AAPLApple Inc.
    4.5%$6.72MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$827.8KAdded
  2. SPDR Series Trust78468R531
    +$757.0KNew
  3. Invesco Exch Traded FD Tr II46138G540
    +$733.0KNew
  4. Invesco S&P 500 Quality ETF46137V241
    +$618.4KNew
  5. SPDR Series Trust78468R812
    +$609.4KNew

Largest weight increases

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

  1. Dimensional Emerging Core Equity Market ETF25434V302
    +0.74 pp4.9% → 5.6%
  2. Vanguard S&P 500 ETF922908363
    +0.59 pp4.0% → 4.6%
  3. SPDR Series Trust78468R531
    +0.51 pp0.0% → 0.5%
  4. Invesco Exch Traded FD Tr II46138G540
    +0.49 pp0.0% → 0.5%
  5. Vanguard Ftse Developed Markets ETF921943858
    +0.43 pp1.2% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$979.4KReducedHistory
  2. XOMExxonMobil Holdings Corp
    −$807.4KSold outHistory
  3. AAPLApple Inc.
    −$798.3KReducedHistory
  4. GOOGLAlphabet Inc.
    −$727.2KReducedHistory
  5. iShares Core S&P 500 ETF464287200
    −$638.8KSold out

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.58 pp0.6% → 0.0%History
  2. MSFTMicrosoft Corp
    −0.56 pp3.2% → 2.6%History
  3. iShares Core S&P 500 ETF464287200
    −0.46 pp0.5% → 0.0%
  4. iShares Tr46436E718
    −0.46 pp0.5% → 0.0%
  5. Vanguard Short-Term Bond ETF921937827
    −0.41 pp0.4% → 0.0%

Metrics

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

Portfolio value
$148.9M
+$10.4M (+7.5%) vs. prior quarter
Positions
158
−24 vs. prior quarter
Top 10 concentration
45.5%
Top 10 as share of value
Turnover
8.5%
Q2 2026, one quarter
Average holding period
11.0 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 (Q2 2023), so positions held before then are understated.

13F filings by quarter

13 quarters, going back to Q2 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $619.4M (Q3 2025)

Q2 2023: $85.8MQ3 2023: $95.2MQ4 2023: $115.3MQ1 2024: $131.8MQ2 2024: $136.0MQ3 2024: $151.2MQ4 2024: $156.8MQ1 2025: $149.8MQ2 2025: $166.3MQ3 2025: $619.4MQ4 2025: $582.2MQ1 2026: $138.6MQ2 2026: $148.9M
Q2 2023Q2 2026
13F filings of Seven Mile Advisory by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 2026158$148.9MNVDADimensional Emerging Core Equity Market ETFSPYvs. Q1 2026SEC
Q1 2026Apr 14, 2026182$138.6MNVDASPYDimensional Emerging Core Equity Market ETFvs. Q4 2025SEC
Q4 2025Feb 13, 2026260$582.2MVanguard Ftse Developed Markets ETFVanguard Mortgage-Backed Securities ETFiShares S&P 100 ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025304$619.4MVanguard Ftse Developed Markets ETFVanguard Mortgage-Backed Securities ETFiShares S&P 100 ETFvs. Q2 2025SEC
Q2 2025Aug 14, 2025180$166.3MSPYNVDAAAPLvs. Q1 2025SEC
Q1 2025May 13, 2025175$149.8MSPYNVDAAAPLvs. Q4 2024SEC
Q4 2024Feb 12, 2025167$156.8MSPYNVDAAAPLvs. Q3 2024SEC
Q3 2024Nov 13, 2024172$151.2MSPYNVDAAAPLvs. Q2 2024SEC
Q2 2024Aug 8, 2024154$136.0MSPYNVDAAAPLvs. Q1 2024SEC
Q1 2024May 8, 2024158$131.8MSPYNVDAMSFTvs. Q4 2023SEC
Q4 2023Feb 9, 2024150$115.3MSPYAAPLNVDAvs. Q3 2023SEC
Q3 2023Nov 13, 2023128$95.2MSPYAAPLNVDAvs. Q2 2023SEC
Q2 2023Aug 8, 2023112$85.8MSPYAAPLNVDA–SEC