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Livermore
Livermore
ZHEN

Financial Advisory Partners, LLC

SEC CIK
0001994252
Latest filing
Jul 20, 2026

The latest 13F from Financial Advisory Partners, LLC covers Q2 2026 (filed Jul 20, 2026): 74 long positions worth $382.7M. The top 10 holdings make up 51.4% of the portfolio, and the largest is Vanguard Intermediate-Term Corporate Bond ETF at 14.8%. 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
8
Est. +$3.90M
Added
28
Est. +$11.4M
Reduced
36
Est. −$7.51M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    14.8%$56.7M
  2. Vanguard Morningstar Growth ETF922908736
    10.6%$40.6M
  3. Vanguard Morningstar Value ETF922908744
    5.1%$19.5M
  4. iShares Tr46429B655
    3.8%$14.4M
  5. Vanguard Scottsdale FDS92206C706
    3.7%$14.3M

Share of portfolio

Top 5 holdings and the other 69 positions, by share of portfolio value

  1. Vanguard Intermediate-Term Corporate Bond ETF14.8%
  2. Vanguard Morningstar Growth ETF10.6%
  3. Vanguard Morningstar Value ETF5.1%
  4. iShares Tr3.8%
  5. Vanguard Scottsdale FDS3.7%
  6. Other 69 positions62.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$3.47MAdded
  2. ZTSZoetis Inc.
    +$1.57MNewHistory
  3. Vanguard Morningstar Growth ETF922908736
    +$1.07MAddedConverted for a 6-for-1 split
  4. iShares Tr46429B655
    +$1.02MAdded
  5. Vanguard Scottsdale FDS92206C706
    +$959.6KAdded

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +1.16 pp9.4% → 10.6%
  2. Vanguard Information Technology ETF92204A702
    +0.55 pp2.0% → 2.5%
  3. ZTSZoetis Inc.
    +0.41 pp0.0% → 0.4%History
  4. Vanguard Morningstar Value ETF922908744
    +0.33 pp4.8% → 5.1%
  5. VACMarriott Vacations Worldwide Corp
    +0.20 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46436E718
    −$5.97MReduced
  2. AVGOBroadcom Inc.
    −$275.8KReducedHistory
  3. iShares Tr464288687
    −$174.6KReduced
  4. MSMorgan Stanley
    −$161.8KReducedHistory
  5. WMTWalmart Inc.
    −$91.5KReducedHistory

Largest weight decreases

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

  1. iShares Tr46436E718
    −1.78 pp2.9% → 1.2%
  2. WMTWalmart Inc.
    −0.31 pp1.8% → 1.5%History
  3. CVXChevron Corp
    −0.28 pp1.1% → 0.8%History
  4. LMTLockheed Martin Corp
    −0.27 pp1.2% → 0.9%History
  5. XOMExxonMobil Holdings Corp
    −0.27 pp1.1% → 0.8%History

Metrics

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

Portfolio value
$382.7M
+$29.1M (+8.2%) vs. prior quarter
Positions
74
+8 vs. prior quarter
Top 10 concentration
51.4%
Top 10 as share of value
Turnover
2.0%
Q2 2026, one quarter
Average holding period
16.0 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 (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 $382.7M (Q2 2026)

Q4 2021: $274.0MQ1 2022: $270.5MQ2 2022: $242.2MQ3 2022: $229.8MQ4 2022: $242.7MQ1 2023: $252.6MQ2 2023: $259.8MQ3 2023: $248.0MQ4 2023: $275.1MQ1 2024: $258.8MQ2 2024: $267.4MQ3 2024: $301.1MQ4 2024: $301.1MQ1 2025: $298.9MQ2 2025: $318.0MQ3 2025: $342.4MQ4 2025: $354.6MQ1 2026: $353.6MQ2 2026: $382.7M
Q4 2021Q2 2026
13F filings of Financial Advisory Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 202674$382.7MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2026SEC
Q1 2026May 1, 202666$353.6MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q4 2025SEC
Q4 2025Jan 23, 202666$354.6MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q3 2025SEC
Q3 2025Oct 23, 202569$342.4MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q2 2025SEC
Q2 2025Jul 14, 202566$318.0MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025Apr 10, 202564$298.9MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFiShares Trvs. Q4 2024SEC
Q4 2024Jan 27, 202566$301.1MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFiShares Trvs. Q3 2024SEC
Q3 2024Oct 9, 202467$301.1MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFiShares Trvs. Q2 2024SEC
Q2 2024Jul 22, 202467$267.4MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFiShares Trvs. Q1 2024SEC
Q1 2024Apr 17, 202466$258.8MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFiShares Trvs. Q4 2023SEC
Q4 2023Jan 12, 202464$275.1MVanguard Morningstar Growth ETFVanguard Intermediate-Term Corporate Bond ETFiShares Trvs. Q3 2023SEC
Q3 2023Nov 6, 202365$248.0MVanguard Morningstar Growth ETFVanguard Intermediate-Term Corporate Bond ETFiShares Trvs. Q2 2023SEC
Q2 2023Oct 4, 202363$259.8MVanguard Morningstar Growth ETFVanguard Intermediate-Term Corporate Bond ETFiShares Trvs. Q1 2023SEC
Q1 2023Oct 4, 202363$252.6MVanguard Morningstar Growth ETFVanguard Intermediate-Term Corporate Bond ETFiShares Trvs. Q4 2022SEC
Q4 2022Oct 4, 202366$242.7MVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Growth ETFiShares Trvs. Q3 2022SEC
Q3 2022Oct 4, 202366$229.8MVanguard Morningstar Growth ETFVanguard Intermediate-Term Corporate Bond ETFiShares Trvs. Q2 2022SEC
Q2 2022Oct 4, 202366$242.2MVanguard Morningstar Growth ETFVanguard Intermediate-Term Corporate Bond ETFiShares Trvs. Q1 2022SEC
Q1 2022Oct 4, 202371$270.5MVanguard Morningstar Growth ETFVanguard Intermediate-Term Corporate Bond ETFiShares Trvs. Q4 2021SEC
Q4 2021Oct 4, 202372$274.0MVanguard Morningstar Growth ETFVanguard Intermediate-Term Corporate Bond ETFiShares Tr–SEC