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Livermore
Livermore
ZHEN

American Capital Advisory, LLC

SEC CIK
0002018007
Latest filing
Jul 28, 2026

The latest 13F from American Capital Advisory, LLC covers Q2 2026 (filed Jul 28, 2026): 1,163 long positions worth $273.9M. The top 10 holdings make up 57.8% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 11.7%. 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.

Full comparison
New
95
Est. +$1.44M
Added
511
Est. +$14.4M
Reduced
193
Est. −$5.11M
Sold out
71
Est. −$2.62M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    11.7%$32.1M
  2. Dimensional Ultrashort Fixed Income ETF25434V591
    9.5%$26.0M
  3. Dimensional ETF Trust25434V401
    8.9%$24.4M
  4. Invesco Actively Managed Exc46090A804
    7.3%$20.1M
  5. Dimensional ETF Trust25434V203
    5.4%$14.7M

Share of portfolio

Top 5 holdings and the other 1,158 positions, by share of portfolio value

  1. Dimensional U.S. Core Equity 2 ETF11.7%
  2. Dimensional Ultrashort Fixed Income ETF9.5%
  3. Dimensional ETF Trust8.9%
  4. Invesco Actively Managed Exc7.3%
  5. Dimensional ETF Trust5.4%
  6. Other 1,158 positions57.2%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V401
    +$2.47MAdded
  2. Dimensional ETF Trust25434V203
    +$2.05MAdded
  3. Invesco Actively Managed Exc46090A804
    +$1.73MAdded
  4. Dimensional Ultrashort Fixed Income ETF25434V591
    +$1.44MAdded
  5. VanEck ETF Trust92189F411
    +$1.04MNew

Largest weight increases

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

  1. Dimensional ETF Trust25434V401
    +1.22 pp7.7% → 8.9%
  2. Dimensional ETF Trust25434V203
    +0.53 pp4.8% → 5.4%
  3. Dimensional Emerging Core Equity Market ETF25434V302
    +0.42 pp2.0% → 2.4%
  4. VanEck ETF Trust92189F411
    +0.38 pp0.0% → 0.4%
  5. Dimensional ETF Trust25434V732
    +0.21 pp1.7% → 1.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GBTGGlobal Business Travel Group, Inc.
    −$684.4KSold outHistory
  2. Invesco Exchange Traded FD T46137V357
    −$651.7KReduced
  3. STTState Street Corp
    −$566.3KReducedHistory
  4. CSCOCisco Systems, Inc.
    −$408.5KReducedHistory
  5. COSTCostco Wholesale Corp
    −$384.7KReducedHistory

Largest weight decreases

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

  1. PSLVSprott Physical Silver Trust
    −0.31 pp1.0% → 0.7%History
  2. SHELShell plc
    −0.28 pp1.1% → 0.8%History
  3. GBTGGlobal Business Travel Group, Inc.
    −0.28 pp0.3% → 0.0%History
  4. Invesco Exchange Traded FD T46137V357
    −0.24 pp1.1% → 0.9%
  5. EQXEquinox Gold Corp.
    −0.23 pp0.6% → 0.4%History

Metrics

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

Portfolio value
$273.9M
+$27.0M (+10.9%) vs. prior quarter
Positions
1,163
+24 vs. prior quarter
Top 10 concentration
57.8%
Top 10 as share of value
Turnover
3.0%
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 (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 $273.9M (Q2 2026)

Q4 2023: $140.0MQ1 2024: $114.6MQ2 2024: $139.2MQ3 2024: $172.5MQ4 2024: $180.5MQ1 2025: $185.3MQ2 2025: $199.9MQ3 2025: $215.6MQ4 2025: $230.1MQ1 2026: $246.9MQ2 2026: $273.9M
Q4 2023Q2 2026
13F filings of American Capital Advisory, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 20261,163$273.9MDimensional U.S. Core Equity 2 ETFDimensional Ultrashort Fixed Income ETFDimensional ETF Trustvs. Q1 2026SEC
Q1 2026Apr 29, 20261,139$246.9MDimensional U.S. Core Equity 2 ETFDimensional Ultrashort Fixed Income ETFDimensional ETF Trustvs. Q4 2025SEC
Q4 2025Jan 30, 20261,077$230.1MDimensional U.S. Core Equity 2 ETFDimensional Ultrashort Fixed Income ETFDimensional ETF Trustvs. Q3 2025SEC
Q3 2025Oct 28, 20251,005$215.6MDimensional U.S. Core Equity 2 ETFDimensional Ultrashort Fixed Income ETFDimensional ETF Trustvs. Q2 2025SEC
Q2 2025Aug 5, 2025864$199.9MDimensional U.S. Core Equity 2 ETFDimensional Ultrashort Fixed Income ETFDimensional ETF Trustvs. Q1 2025SEC
Q1 2025Apr 28, 2025802$185.3MDimensional U.S. Core Equity 2 ETFDimensional Ultrashort Fixed Income ETFDimensional ETF Trustvs. Q4 2024SEC
Q4 2024Jan 28, 2025472$180.5MDimensional U.S. Core Equity 2 ETFDimensional Ultrashort Fixed Income ETFDimensional ETF Trustvs. Q3 2024SEC
Q3 2024Oct 30, 2024479$172.5MDimensional U.S. Core Equity 2 ETFDimensional Ultrashort Fixed Income ETFDimensional ETF Trustvs. Q2 2024SEC
Q2 2024Jul 29, 2024439$139.2MDimensional U.S. Core Equity 2 ETFSchwab Strategic TrDimensional ETF Trustvs. Q1 2024SEC
Q1 2024Apr 29, 2024458$114.6MDimensional U.S. Core Equity 2 ETFSchwab Strategic TrMGMvs. Q4 2023SEC
Q4 2023Apr 9, 2024439$140.0MDimensional U.S. Core Equity 2 ETFSchwab Strategic TrDimensional ETF Trust–SEC