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Livermore
Livermore
ZHEN

Investment Planning Advisors, Inc.

SEC CIK
0002024049
Latest filing
Jul 23, 2026

The latest 13F from Investment Planning Advisors, Inc. covers Q2 2026 (filed Jul 23, 2026): 117 long positions worth $431.8M. The top 10 holdings make up 70.6% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 12.3%. Livermore has 9 filings on Form 13F from this institution, going back to Q2 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
14
Est. +$22.8M
Added
63
Est. +$70.1M
Reduced
33
Est. −$62.7M
Sold out
4
Est. −$5.92M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    12.3%$53.2M
  2. Invesco Exch Traded FD Tr II46138G698
    9.5%$41.2M
  3. Invesco Exchange Traded FD T46137V357
    7.9%$34.0M
  4. Vanguard Malvern FDS922020748
    7.2%$31.1M
  5. Vanguard Index FDS922908652
    7.2%$31.0M

Share of portfolio

Top 5 holdings and the other 112 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF12.3%
  2. Invesco Exch Traded FD Tr II9.5%
  3. Invesco Exchange Traded FD T7.9%
  4. Vanguard Malvern FDS7.2%
  5. Vanguard Index FDS7.2%
  6. Other 112 positions55.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Exchange Traded FD T46137V357
    +$32.4MAdded
  2. Ea Series Trust02072L565
    +$18.8MNew
  3. Invesco Exch Traded FD Tr II46138G698
    +$10.1MAdded
  4. Vanguard Short-Term Bond ETF921937827
    +$6.68MAdded
  5. Schwab International Equity ETF808524805
    +$4.36MAdded

Largest weight increases

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

  1. Invesco Exchange Traded FD T46137V357
    +7.48 pp0.4% → 7.9%
  2. Ea Series Trust02072L565
    +4.36 pp0.0% → 4.4%
  3. Invesco Exch Traded FD Tr II46138G698
    +1.83 pp7.7% → 9.5%
  4. Vanguard Short-Term Bond ETF921937827
    +1.11 pp2.7% → 3.8%
  5. Schwab International Equity ETF808524805
    +0.81 pp3.5% → 4.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard World FD921910873
    −$40.1MReduced
  2. Fidelity Merrimack STR Tr316188309
    −$16.5MReduced
  3. SPDR Series Trust78468R556
    −$5.16MSold out
  4. Ea Series Trust02072L607
    −$4.29MReduced
  5. iShares Flexible Income Active ETF092528603
    −$283.8KReduced

Largest weight decreases

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

  1. Vanguard World FD921910873
    −9.54 pp9.9% → 0.4%
  2. Fidelity Merrimack STR Tr316188309
    −4.57 pp4.7% → 0.1%
  3. SPDR Series Trust78468R556
    −1.42 pp1.4% → 0.0%
  4. Ea Series Trust02072L607
    −0.13 pp7.1% → 6.9%
  5. J P Morgan Exchange Traded F46641Q647
    −0.13 pp0.8% → 0.7%

Metrics

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

Portfolio value
$431.8M
+$68.6M (+18.9%) vs. prior quarter
Positions
117
+10 vs. prior quarter
Top 10 concentration
70.6%
Top 10 as share of value
Turnover
17.3%
Q2 2026, one quarter
Average holding period
6.9 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 (Q2 2024), so positions held before then are understated.

13F filings by quarter

9 quarters, going back to Q2 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $431.8M (Q2 2026)

Q2 2024: $196.0MQ3 2024: $196.0MQ4 2024: $229.0MQ1 2025: $246.1MQ2 2025: $283.0MQ3 2025: $318.0MQ4 2025: $343.5MQ1 2026: $363.2MQ2 2026: $431.8M
Q2 2024Q2 2026
13F filings of Investment Planning Advisors, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 2026117$431.8MState Street SPDR Portfolio S&P 500 ETFInvesco Exch Traded FD Tr IIInvesco Exchange Traded FD Tvs. Q1 2026SEC
Q1 2026Apr 23, 2026107$363.2MState Street SPDR Portfolio S&P 500 ETFVanguard World FDVanguard Malvern FDSvs. Q4 2025SEC
Q4 2025Jan 20, 202695$343.5MState Street SPDR Portfolio S&P 500 ETFVanguard World FDEa Series Trustvs. Q3 2025SEC
Q3 2025Oct 21, 202588$318.0MState Street SPDR Portfolio S&P 500 ETFVanguard Index FDSVanguard World FDvs. Q2 2025SEC
Q2 2025Jul 21, 202579$283.0MJ P Morgan Exchange Traded FVanguard Index FDSCapital Group Core Equity Etvs. Q1 2025SEC
Q1 2025Apr 23, 202570$246.1MJ P Morgan Exchange Traded FState Street SPDR Portfolio S&P 500 ETFVanguard Index FDSvs. Q4 2024SEC
Q4 2024Jan 22, 202563$229.0MState Street SPDR Portfolio S&P 500 ETFCapital Grp Fixed Incm ETF TCapital Group Core Equity Etvs. Q3 2024SEC
Q3 2024Oct 10, 202459$196.0MState Street SPDR Portfolio S&P 500 ETFInvesco Exch Traded FD Tr IIInvesco Nasdaq 100 ETFvs. Q2 2024SEC
Q2 2024Jul 22, 202459$196.0MState Street SPDR Portfolio S&P 500 ETFInvesco Exch Traded FD Tr IIInvesco Nasdaq 100 ETF–SEC