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Livermore
Livermore
ZHEN

NWF Advisory Services Inc.

SEC CIK
0002045735
Latest filing
Jul 29, 2026

The latest 13F from NWF Advisory Services Inc. covers Q2 2026 (filed Jul 29, 2026): 452 long positions worth $1.06B. The top 10 holdings make up 33.6% of the portfolio, and the largest is Micron Technology Inc (MU) at 6.5%. Livermore has 14 filings on Form 13F from this institution, going back to Q1 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
57
Est. +$20.2M
Added
158
Est. +$45.0M
Reduced
148
Est. −$31.2M
Sold out
12
Est. −$7.42M

Top 5 holdings

Share of this quarter's portfolio value

  1. MUMicron Technology Inc
    6.5%$69.0MHistory
  2. State Street Technology Select Sector SPDR ETF81369Y803
    4.8%$51.0M
  3. Vanguard S&P 500 ETF922908363
    4.3%$45.3M
  4. BRK.BBerkshire Hathaway Inc
    3.9%$41.2MHistory
  5. AAPLApple Inc.
    3.3%$34.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MKLMarkel Group Inc.
    +$3.97MAddedHistory
  2. AMRAlpha Metallurgical Resources, Inc.
    +$3.03MAddedHistory
  3. CBChubb Ltd
    +$2.62MAddedHistory
  4. BRK.BBerkshire Hathaway Inc
    +$2.38MAddedHistory
  5. iShares S&P 500 Growth ETF464287309
    +$2.14MAdded

Largest weight increases

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

  1. UNHUnitedHealth Group Inc
    +0.34 pp1.2% → 1.5%History
  2. MKLMarkel Group Inc.
    +0.26 pp0.7% → 1.0%History
  3. VanEck Semiconductor ETF92189F676
    +0.26 pp0.5% → 0.7%
  4. Vanguard Information Technology ETF92204A702
    +0.23 pp1.2% → 1.4%
  5. iShares S&P 500 Growth ETF464287309
    +0.20 pp0.1% → 0.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$14.8MReducedHistory
  2. XOMExxonMobil Holdings Corp
    −$2.21MSold outHistory
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$2.16MSold out
  4. AMGNAmgen Inc
    −$1.49MReducedHistory
  5. iShares S&P 100 ETF464287101
    −$1.24MReduced

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.25 pp0.2% → 0.0%History
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.24 pp0.2% → 0.0%
  3. CVXChevron Corp
    −0.23 pp0.7% → 0.5%History
  4. AAPLApple Inc.
    −0.21 pp3.5% → 3.3%History
  5. AMGNAmgen Inc
    −0.20 pp0.4% → 0.2%History

Metrics

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

Portfolio value
$1.06B
+$178.1M (+20.1%) vs. prior quarter
Positions
452
+45 vs. prior quarter
Top 10 concentration
33.6%
Top 10 as share of value
Turnover
4.0%
Q2 2026, one quarter
Average holding period
12.0 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 (Q1 2023), so positions held before then are understated.

13F filings by quarter

14 quarters, going back to Q1 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.06B (Q2 2026)

Q1 2023: $431.0MQ2 2023: $431.6MQ3 2023: $424.7MQ4 2023: $502.2MQ1 2024: $598.5MQ2 2024: $628.5MQ3 2024: $687.7MQ4 2024: $682.3MQ1 2025: $711.9MQ2 2025: $838.5MQ3 2025: $911.1MQ4 2025: $904.7MQ1 2026: $885.5MQ2 2026: $1.06B
Q1 2023Q2 2026
13F filings of NWF Advisory Services Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026452$1.06BMUState Street Technology Select Sector SPDR ETFVanguard S&P 500 ETFvs. Q1 2026SEC
Q1 2026May 4, 2026407$885.5MVanguard S&P 500 ETFBRK.BState Street Technology Select Sector SPDR ETFvs. Q4 2025SEC
Q4 2025Mar 3, 2026405$904.7MVanguard S&P 500 ETFBRK.BState Street Technology Select Sector SPDR ETFvs. Q3 2025SEC
Q3 2025Oct 31, 2025412$911.1MVanguard S&P 500 ETFBRK.BState Street Technology Select Sector SPDR ETFvs. Q2 2025SEC
Q2 2025Sep 9, 2025414$838.5MVanguard S&P 500 ETFBRK.BState Street Technology Select Sector SPDR ETFvs. Q1 2025SEC
Q1 2025Aug 12, 2025356$711.9MBRK.BVanguard S&P 500 ETFAAPLvs. Q4 2024SEC
Q4 2024May 14, 2025274$682.3MAAPLVanguard S&P 500 ETFBRK.Bvs. Q3 2024SEC
Q3 2024Oct 6, 2025338$687.7MVanguard S&P 500 ETFBRK.BAAPLvs. Q2 2024SEC
Q2 2024Oct 6, 2025316$628.5MVanguard S&P 500 ETFAAPLBRK.Bvs. Q1 2024SEC
Q1 2024Oct 6, 2025326$598.5MVanguard S&P 500 ETFBRK.BState Street Technology Select Sector SPDR ETFvs. Q4 2023SEC
Q4 2023Dec 8, 2025294$502.2MVanguard S&P 500 ETFAAPLBRK.Bvs. Q3 2023SEC
Q3 2023Dec 8, 2025283$424.7MAAPLBRK.BVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Dec 8, 2025275$431.6MAAPLVanguard S&P 500 ETFBRK.Bvs. Q1 2023SEC
Q1 2023Dec 8, 2025274$431.0MAAPLVanguard S&P 500 ETFBRK.B–SEC