AA Financial Advisors, LLC
- SEC CIK
- 0002016899
- Latest filing
- Jul 17, 2026
The latest 13F from AA Financial Advisors, LLC covers Q2 2026 (filed Jul 17, 2026): 230 long positions worth $831.5M. The top 10 holdings make up 37.2% of the portfolio, and the largest is Vanguard Morningstar Small-Cap ETF at 5.9%. Livermore has 11 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.
- New
- 22
- Est. +$8.44M
- Added
- 110
- Est. +$84.3M
- Reduced
- 84
- Est. −$10.3M
- Sold out
- 13
- Est. −$24.1M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Small-Cap ETF9229087515.9%$48.8M
- Capital Group Dividend Value14020W1065.5%$45.6M
- Capital Group Growth ETF14020G1015.1%$42.0M
- Dimensional U.S. Core Equity 2 ETF25434V7083.9%$32.4M
- iShares Core S&P Mid-Cap ETF4642875073.7%$30.6M
Biggest buys
New and added positions, by estimated amount bought
- Fidelity High Dividend ETF316092840+$11.7MAdded
- iShares Core S&P Mid-Cap ETF464287507+$10.9MAdded
- Vanguard Morningstar Small-Cap ETF922908751+$9.96MAdded
- Capital Group Growth ETF14020G101+$7.37MAdded
- Capital Group Dividend Value14020W106+$5.96MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Fidelity High Dividend ETF316092840+1.34 pp1.0% → 2.3%
- iShares Core S&P Mid-Cap ETF464287507+1.26 pp2.4% → 3.7%
- Vanguard Morningstar Small-Cap ETF922908751+1.14 pp4.7% → 5.9%
- Capital Group Growth ETF14020G101+0.90 pp4.2% → 5.1%
- Capital Group Dividend Value14020W106+0.66 pp4.8% → 5.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−2.39 pp2.4% → 0.0%
- ProShares Tr74348A467−0.28 pp0.3% → 0.0%
- Vanguard Intermediate-Term Corporate Bond ETF92206C870−0.22 pp1.3% → 1.1%
- SPYSPDR S&P 500 ETF Trust
- Dimensional ETF Trust25434V583−0.18 pp1.2% → 1.0%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $831.5M
- +$121.6M (+17.1%) vs. prior quarter
- Positions
- 230
- +9 vs. prior quarter
- Top 10 concentration
- 37.2%
- Top 10 as share of value
- Turnover
- 4.5%
- Q2 2026, one quarter
- Average holding period
- 8.2 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 $831.5M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 17, 2026 | 230 | $831.5M | Vanguard Morningstar Small-Cap ETFCapital Group Dividend ValueCapital Group Growth ETF | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 21, 2026 | 221 | $709.9M | Capital Group Dividend ValueVanguard Morningstar Small-Cap ETFCapital Group Growth ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 14, 2026 | 208 | $541.0M | Vanguard Morningstar Small-Cap ETFCapital Group Dividend ValueVanguard Total World Stock ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 14, 2025 | 190 | $508.9M | Vanguard Morningstar Small-Cap ETFCapital Group Dividend ValueVanguard Total World Stock ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Jul 11, 2025 | 186 | $464.1M | Vanguard Morningstar Small-Cap ETFCapital Group Dividend ValueVanguard Total World Stock ETF | vs. Q1 2025 | SEC |
| Q1 2025 | Apr 17, 2025 | 173 | $409.9M | Vanguard Morningstar Small-Cap ETFCapital Group Dividend ValueVanguard Total World Stock ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Jan 23, 2025 | 168 | $375.0M | Vanguard Morningstar Small-Cap ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Oct 18, 2024 | 170 | $345.3M | Vanguard Morningstar Small-Cap ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 Value ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 16, 2024 | 160 | $283.7M | Vanguard Morningstar Small-Cap ETFVanguard Morningstar Total Stock Market ETFCapital Grp Fixed Incm ETF T | vs. Q1 2024 | SEC |
| Q1 2024 | May 3, 2024 | 153 | $247.8M | Vanguard Morningstar Small-Cap ETFVanguard Morningstar Total Stock Market ETFSchwab U.S. Large-Cap ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Apr 2, 2024 | 63 | $150.3M | Vanguard Morningstar Small-Cap ETFVanguard Morningstar Total Stock Market ETFCapital Grp Fixed Incm ETF T | – | SEC |