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Livermore
Livermore
ZHEN

Accredited Investor Services, LLC

SEC CIK
0002028621
Latest filing
Aug 5, 2026

The latest 13F from Accredited Investor Services, LLC covers Q2 2026 (filed Aug 5, 2026): 81 long positions worth $177.0M. The top 10 holdings make up 84.2% of the portfolio, and the largest is American Centy ETF Tr at 37.4%. Livermore has 7 filings on Form 13F from this institution, going back to Q4 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
5
Est. +$720.0K
Added
22
Est. +$1.04M
Reduced
30
Est. −$858.4K
Sold out
1
Est. −$44.5K

Top 5 holdings

Share of this quarter's portfolio value

  1. American Centy ETF Tr025072885
    37.4%$66.3M
  2. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    18.3%$32.4M
  3. Fidelity Covington Trust316092352
    16.4%$29.1M
  4. American Centy ETF Tr025072877
    4.0%$7.13M
  5. Dimensional U.S. Core Equity 2 ETF25434V708
    2.1%$3.66M

Share of portfolio

Top 5 holdings and the other 76 positions, by share of portfolio value

  1. American Centy ETF Tr37.4%
  2. Dimensional World Ex U.S. Core Equity 2 ETF18.3%
  3. Fidelity Covington Trust16.4%
  4. American Centy ETF Tr4.0%
  5. Dimensional U.S. Core Equity 2 ETF2.1%
  6. Other 76 positions21.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    +$515.9KAdded
  2. Vanguard Ftse Developed Markets ETF921943858
    +$214.6KNew
  3. Schwab U.S. Large-Cap Value ETF808524409
    +$214.2KNew
  4. American Centy ETF Tr025072877
    +$128.1KAdded
  5. VKQInvesco Municipal Trust
    +$126.2KNewHistory

Largest weight increases

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

  1. American Centy ETF Tr025072885
    +0.58 pp36.9% → 37.4%
  2. Vanguard Ftse Developed Markets ETF921943858
    +0.12 pp0.0% → 0.1%
  3. Schwab U.S. Large-Cap Value ETF808524409
    +0.12 pp0.0% → 0.1%
  4. iShares Future AI & Tech ETF46435U556
    +0.09 pp0.2% → 0.3%
  5. VKQInvesco Municipal Trust
    +0.07 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Min Vol Factor ETF46429B697
    −$113.5KReduced
  2. iShares Tr46432F859
    −$85.7KReduced
  3. AODabrdn Total Dynamic Dividend Fund
    −$74.4KReducedHistory
  4. NEANuveen AMT-Free Quality Municipal Income Fund
    −$69.9KReducedHistory
  5. NUVNuveen Municipal Value Fund Inc
    −$66.2KReducedHistory

Largest weight decreases

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

  1. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.19 pp1.5% → 1.3%
  2. State Street Energy Select Sector SPDR ETF81369Y506
    −0.16 pp0.6% → 0.4%
  3. NUVNuveen Municipal Value Fund Inc
    −0.10 pp0.7% → 0.6%History
  4. NEANuveen AMT-Free Quality Municipal Income Fund
    −0.09 pp0.6% → 0.5%History
  5. iShares Tr46432F859
    −0.09 pp0.3% → 0.2%

Metrics

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

Portfolio value
$177.0M
+$21.2M (+13.6%) vs. prior quarter
Positions
81
+4 vs. prior quarter
Top 10 concentration
84.2%
Top 10 as share of value
Turnover
0.5%
Q2 2026, one quarter
Average holding period
6.8 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 2024), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $177.0M (Q2 2026)

Q4 2024: $125.0MQ1 2025: $119.7MQ2 2025: $132.3MQ3 2025: $145.5MQ4 2025: $150.9MQ1 2026: $155.8MQ2 2026: $177.0M
Q4 2024Q2 2026
13F filings of Accredited Investor Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 202681$177.0MAmerican Centy ETF TrDimensional World Ex U.S. Core Equity 2 ETFFidelity Covington Trustvs. Q1 2026SEC
Q1 2026Apr 21, 202677$155.8MAmerican Centy ETF TrDimensional World Ex U.S. Core Equity 2 ETFFidelity Covington Trustvs. Q4 2025SEC
Q4 2025Feb 9, 202675$150.9MAmerican Centy ETF TrDimensional World Ex U.S. Core Equity 2 ETFFidelity Covington Trustvs. Q3 2025SEC
Q3 2025Oct 21, 202576$145.5MAmerican Centy ETF TrDimensional World Ex U.S. Core Equity 2 ETFFidelity Covington Trustvs. Q2 2025SEC
Q2 2025Jul 24, 202570$132.3MAmerican Centy ETF TrDimensional World Ex U.S. Core Equity 2 ETFFidelity Covington Trustvs. Q1 2025SEC
Q1 2025May 2, 202570$119.7MAmerican Centy ETF TrDimensional World Ex U.S. Core Equity 2 ETFFidelity Covington Trustvs. Q4 2024SEC
Q4 2024Feb 11, 202557$125.0MAmerican Centy ETF TrDimensional World Ex U.S. Core Equity 2 ETFFidelity Covington Trust–SEC