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Livermore
Livermore
ZHEN

Northwest Financial Advisors

SEC CIK
0002010635
Latest filing
Jul 27, 2026

The latest 13F from Northwest Financial Advisors covers Q2 2026 (filed Jul 27, 2026): 89 long positions worth $751.9M. The top 10 holdings make up 74.0% of the portfolio, and the largest is J P Morgan Exchange Traded F at 13.0%. Livermore has 13 filings on Form 13F from this institution, going back to Q4 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
27
Est. +$482.3M
Added
33
Est. +$218.7M
Reduced
23
Est. −$4.37M
Sold out
4
Est. −$1.46M

Top 5 holdings

Share of this quarter's portfolio value

  1. J P Morgan Exchange Traded F46654Q609
    13.0%$97.7M
  2. Federated Hermes ETF Trust31423L305
    10.1%$76.1M
  3. J P Morgan Exchange Traded F46654Q716
    9.4%$70.5M
  4. Lazard Active ETF Tr52110K400
    7.8%$58.8M
  5. AB Active ETFs Inc00039J707
    7.3%$54.6M

Biggest buys

New and added positions, by estimated amount bought

  1. J P Morgan Exchange Traded F46654Q609
    +$97.2MAdded
  2. Federated Hermes ETF Trust31423L305
    +$76.1MNew
  3. J P Morgan Exchange Traded F46654Q716
    +$69.9MAdded
  4. Lazard Active ETF Tr52110K400
    +$58.8MNew
  5. AB Active ETFs Inc00039J707
    +$54.6MNew

Largest weight increases

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

  1. J P Morgan Exchange Traded F46654Q609
    +12.06 pp0.9% → 13.0%
  2. Federated Hermes ETF Trust31423L305
    +10.12 pp0.0% → 10.1%
  3. J P Morgan Exchange Traded F46654Q716
    +8.20 pp1.2% → 9.4%
  4. Lazard Active ETF Tr52110K400
    +7.82 pp0.0% → 7.8%
  5. AB Active ETFs Inc00039J707
    +7.26 pp0.0% → 7.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Janus Detroit STR Tr47103U852
    −$1.80MReduced
  2. John Hancock Exchange Traded47804J859
    −$800.9KReduced
  3. WMTWalmart Inc.
    −$538.6KSold outHistory
  4. CATCaterpillar Inc
    −$467.6KSold outHistory
  5. Capital Group Growth ETF14020G101
    −$393.7KReduced

Largest weight decreases

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

  1. Invesco QQQ Trust Series I46090E103
    −5.31 pp5.8% → 0.5%
  2. Janus Detroit STR Tr47103U852
    −4.86 pp5.0% → 0.1%
  3. Capital Group GBL Growth EQT14020X104
    −3.79 pp4.1% → 0.4%
  4. BNBROOKFIELD Corp
    −3.40 pp3.7% → 0.3%History
  5. ProShares Tr74348A467
    −3.00 pp3.2% → 0.2%

Metrics

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

Portfolio value
$751.9M
+$700.0M (+1,351.0%) vs. prior quarter
Positions
89
+23 vs. prior quarter
Top 10 concentration
74.0%
Top 10 as share of value
Turnover
1.5%
Q2 2026, one quarter
Average holding period
2.5 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 2023), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $751.9M (Q2 2026)

Q4 2023: $117.7MQ1 2024: $91.1MQ2 2024: $98.4MQ3 2024: $125.6MQ4 2024: $121.1MQ1 2025: $120.6MQ2 2025: $71.7MQ3 2025: $77.8MQ4 2025: $48.6MQ1 2026: $51.8MQ2 2026: $751.9M
Q4 2023Q2 2026
13F filings of Northwest Financial Advisors by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 202689$751.9MJ P Morgan Exchange Traded FFederated Hermes ETF TrustJ P Morgan Exchange Traded Fvs. Q1 2026SEC
Q1 2026Apr 24, 202666$51.8MInvesco Actively Managed ExcInvesco S&P 500 Quality ETFInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Jan 26, 202666$48.6MInvesco Actively Managed ExcInvesco QQQ Trust Series IInvesco S&P 500 Quality ETFvs. Q3 2025SEC
Q3 2025Nov 6, 202599$77.8MVanguard Dividend Appreciation ETFAAPLInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Aug 4, 202595$71.7MVanguard Dividend Appreciation ETFAAPLInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025Apr 11, 2025119$120.6MAAPLMSFTLPLAvs. Q4 2024SEC
Q4 2024Jan 22, 2025113$121.1MAAPLMSFTInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Nov 13, 2024570$125.6MAAPLMSFTInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jan 27, 2025Amended90$98.4MAAPLMSFTInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024Jan 27, 2025Amended86$91.1MAAPLMSFTInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Feb 7, 2024563$117.7MInvesco Actively Managed ExcAAPLMSFT–SEC