Skip to main content
Livermore
Livermore
ZHEN

Alternative Investment Advisors, LLC.

SEC CIK
0002009486
Latest filing
Aug 31, 2026

The latest 13F from Alternative Investment Advisors, LLC. covers Q2 2026 (filed Aug 31, 2026): 69 long positions worth $258.6M. The top 10 holdings make up 84.4% of the portfolio, and the largest is iShares Core S&P 500 ETF at 59.3%. Livermore has 12 filings on Form 13F from this institution, going back to Q3 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
12
Est. +$8.36M
Added
42
Est. +$14.3M
Reduced
13
Est. −$1.18M
Sold out
11
Est. −$17.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    59.3%$153.4M
  2. iShares Flexible Income Active ETF092528603
    5.2%$13.4M
  3. BlackRock ETF Trust09290C103
    3.9%$9.97M
  4. iShares S&P 100 ETF464287101
    3.3%$8.62M
  5. LRCXLam Research Corp
    2.9%$7.53MHistory

Share of portfolio

Top 5 holdings and the other 64 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF59.3%
  2. iShares Flexible Income Active ETF5.2%
  3. BlackRock ETF Trust3.9%
  4. iShares S&P 100 ETF3.3%
  5. LRCX2.9%
  6. Other 64 positions25.4%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Flexible Income Active ETF092528603
    +$4.79MAdded
  2. iShares Core S&P 500 ETF464287200
    +$3.29MAdded
  3. iShares Tr464287515
    +$2.89MAdded
  4. BILLBILL Holdings, Inc.
    +$2.50MNewHistory
  5. ADBEAdobe Inc.
    +$2.09MNewHistory

Largest weight increases

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

  1. iShares Flexible Income Active ETF092528603
    +1.39 pp3.8% → 5.2%
  2. iShares Core S&P 500 ETF464287200
    +1.21 pp58.1% → 59.3%
  3. iShares Tr464287515
    +1.11 pp0.8% → 1.9%
  4. BILLBILL Holdings, Inc.
    +0.97 pp0.0% → 1.0%History
  5. ADBEAdobe Inc.
    +0.81 pp0.0% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab Fundamental Emerging Markets Equity ETF808524730
    −$6.00MSold out
  2. iShares Tr46434V613
    −$3.02MSold out
  3. PLMRPalomar Holdings, Inc.
    −$2.84MSold outHistory
  4. KMIKinder Morgan, Inc.
    −$2.72MSold outHistory
  5. Schwab Intermediate-Term US Treasury ETF808524854
    −$1.68MSold out

Largest weight decreases

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

  1. Schwab Fundamental Emerging Markets Equity ETF808524730
    −2.66 pp2.7% → 0.0%
  2. iShares Tr46434V613
    −1.34 pp1.3% → 0.0%
  3. PLMRPalomar Holdings, Inc.
    −1.26 pp1.3% → 0.0%History
  4. KMIKinder Morgan, Inc.
    −1.21 pp1.2% → 0.0%History
  5. Schwab Intermediate-Term US Treasury ETF808524854
    −0.75 pp0.7% → 0.0%

Metrics

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

Portfolio value
$258.6M
+$33.3M (+14.8%) vs. prior quarter
Positions
69
+1 vs. prior quarter
Top 10 concentration
84.4%
Top 10 as share of value
Turnover
7.7%
Q2 2026, one quarter
Average holding period
10.3 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 (Q3 2023), so positions held before then are understated.

13F filings by quarter

12 quarters, going back to Q3 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $258.6M (Q2 2026)

Q3 2023: $143.1MQ4 2023: $153.7MQ1 2024: $166.0MQ2 2024: $175.0MQ3 2024: $190.2MQ4 2024: $191.7MQ1 2025: $189.2MQ2 2025: $201.5MQ3 2025: $220.0MQ4 2025: $230.8MQ1 2026: $225.3MQ2 2026: $258.6M
Q3 2023Q2 2026
13F filings of Alternative Investment Advisors, LLC. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 31, 202669$258.6MiShares Core S&P 500 ETFiShares Flexible Income Active ETFBlackRock ETF Trustvs. Q1 2026SEC
Q1 2026May 15, 202668$225.3MiShares Core S&P 500 ETFiShares Flexible Income Active ETFBlackRock ETF Trustvs. Q4 2025SEC
Q4 2025Feb 24, 202660$230.8MiShares Core S&P 500 ETFBlackRock ETF TrustiShares S&P 100 ETFvs. Q3 2025SEC
Q3 2025Dec 17, 202556$220.0MiShares Core S&P 500 ETFBlackRock ETF TrustiShares S&P 100 ETFvs. Q2 2025SEC
Q2 2025Sep 8, 202555$201.5MiShares Core S&P 500 ETFiShares TriShares S&P 100 ETFvs. Q1 2025SEC
Q1 2025Sep 8, 202555$189.2MiShares Core S&P 500 ETFiShares Core Dividend Growth ETFiShares MSCI USA Quality Factor ETFvs. Q4 2024SEC
Q4 2024Sep 8, 202555$191.7MiShares Core S&P 500 ETFiShares Core Dividend Growth ETFiShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Dec 11, 202450$190.2MiShares Core S&P 500 ETFiShares Core Dividend Growth ETFiShares S&P 500 Value ETFvs. Q2 2024SEC
Q2 2024Sep 26, 202445$175.0MiShares Core S&P 500 ETFiShares Core Dividend Growth ETFiShares S&P 500 Value ETFvs. Q1 2024SEC
Q1 2024Dec 11, 202444$166.0MiShares Core S&P 500 ETFiShares S&P 500 Value ETFiShares MSCI USA Quality Factor ETFvs. Q4 2023SEC
Q4 2023Dec 11, 202449$153.7MiShares Core S&P 500 ETFiShares TriShares Trvs. Q3 2023SEC
Q3 2023Feb 14, 202451$143.1MiShares Core S&P 500 ETFPXDOVV–SEC