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Livermore
Livermore
ZHEN

NBZ Investment Advisors LLC

SEC CIK
0001998018
Latest filing
Aug 13, 2026

The latest 13F from NBZ Investment Advisors LLC covers Q2 2026 (filed Aug 13, 2026): 80 long positions worth $256.0M. The top 10 holdings make up 68.3% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 13.6%. Livermore has 7 filings on Form 13F from this institution, going back to Q4 2024.

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
13
Est. +$3.95M
Added
20
Est. +$3.28M
Reduced
20
Est. −$3.60M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    13.6%$34.7M
  2. Amplify ETF Tr032108409
    9.4%$24.2M
  3. Innovator ETFs Trust45783Y855
    6.6%$16.8M
  4. Invesco Exchange Traded FD T46137V498
    6.5%$16.8M
  5. T Rowe Price Exchange-Traded87283Q503
    6.1%$15.6M

Share of portfolio

Top 5 holdings and the other 75 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF13.6%
  2. Amplify ETF Tr9.4%
  3. Innovator ETFs Trust6.6%
  4. Invesco Exchange Traded FD T6.5%
  5. T Rowe Price Exchange-Traded6.1%
  6. Other 75 positions57.8%

Biggest buys

New and added positions, by estimated amount bought

  1. GEGeneral Electric Co
    +$810.2KNewHistory
  2. AXPAmerican Express Co
    +$714.4KAddedHistory
  3. MUMicron Technology Inc
    +$644.1KNewHistory
  4. AAPLApple Inc.
    +$638.3KAddedHistory
  5. GEVGE Vernova Inc.
    +$635.6KNewHistory

Largest weight increases

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

  1. GEGeneral Electric Co
    +0.32 pp0.0% → 0.3%History
  2. AXPAmerican Express Co
    +0.28 pp0.7% → 1.0%History
  3. AAPLApple Inc.
    +0.28 pp1.5% → 1.7%History
  4. MUMicron Technology Inc
    +0.25 pp0.0% → 0.3%History
  5. GEVGE Vernova Inc.
    +0.25 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Janus Detroit STR Tr47103U845
    −$603.1KReduced
  2. Profesionally Managed Portfo74316P579
    −$580.5KReduced
  3. Invesco Exchange Traded FD T46137V498
    −$496.6KReduced
  4. State Street SPDR Portfolio S&P 500 ETF78464A854
    −$378.3KReduced
  5. Tidal Trust I886364231
    −$350.5KReduced

Largest weight decreases

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

  1. Janus Detroit STR Tr47103U845
    −0.90 pp6.3% → 5.4%
  2. Innovator ETFs Trust45783Y855
    −0.62 pp7.2% → 6.6%
  3. Profesionally Managed Portfo74316P579
    −0.56 pp3.3% → 2.7%
  4. Capitol Ser Tr14064D550
    −0.34 pp4.2% → 3.9%
  5. Invesco Exchange Traded FD T46137V472
    −0.21 pp5.9% → 5.7%

Metrics

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

Portfolio value
$256.0M
+$27.4M (+12.0%) vs. prior quarter
Positions
80
+13 vs. prior quarter
Top 10 concentration
68.3%
Top 10 as share of value
Turnover
1.5%
Q2 2026, one quarter
Average holding period
6.5 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 2024), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $256.0M (Q2 2026)

Q4 2024: $178.6MQ1 2025: $173.0MQ2 2025: $174.6MQ3 2025: $191.0MQ4 2025: $229.1MQ1 2026: $228.6MQ2 2026: $256.0M
Q4 2024Q2 2026
13F filings of NBZ Investment Advisors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202680$256.0MState Street SPDR Portfolio S&P 500 ETFAmplify ETF TrInnovator ETFs Trustvs. Q1 2026SEC
Q1 2026May 4, 202667$228.6MState Street SPDR Portfolio S&P 500 ETFAmplify ETF TrInnovator ETFs Trustvs. Q4 2025SEC
Q4 2025Feb 3, 202661$229.1MAmplify ETF TrProfesionally Managed PortfoInnovator ETFs Trustvs. Q3 2025SEC
Q3 2025Nov 12, 202558$191.0MState Street SPDR Portfolio S&P 500 ETFAmplify ETF TrInnovator ETFs Trustvs. Q2 2025SEC
Q2 2025Aug 4, 202553$174.6MAmplify ETF TrState Street SPDR Portfolio S&P 500 ETFProShares Trvs. Q1 2025SEC
Q1 2025May 9, 202557$173.0MJanus Detroit STR TrAmplify ETF TrState Street SPDR Portfolio S&P 500 ETFvs. Q4 2024SEC
Q4 2024Feb 12, 202565$178.6MState Street SPDR Portfolio S&P 500 ETFJanus Detroit STR TrAmplify ETF Tr–SEC