Note Advisors, LLC
- SEC CIK
- 0002056243
- Latest filing
- Aug 14, 2026
The latest 13F from Note Advisors, LLC covers Q2 2026 (filed Aug 14, 2026): 86 long positions worth $230.6M. The top 10 holdings make up 65.2% of the portfolio, and the largest is Dimensional ETF Trust at 23.8%. 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.
- New
- 3
- Est. +$1.91M
- Added
- 32
- Est. +$17.5M
- Reduced
- 35
- Est. −$3.40M
- Sold out
- 2
- Est. −$442.9K
Top 5 holdings
Share of this quarter's portfolio value
- Dimensional ETF Trust25434V10423.8%$54.8M
- Dimensional ETF Trust25434V87210.6%$24.4M
- Dimensional ETF Trust25434V2038.3%$19.1M
- Dimensional U.S. Core Equity 2 ETF25434V7084.9%$11.2M
- Vanguard Total Bond Market ETF9219378354.0%$9.18M
Biggest buys
New and added positions, by estimated amount bought
- Dimensional ETF Trust25434V104+$6.37MAdded
- Dimensional ETF Trust25434V872+$4.33MAdded
- Dimensional ETF Trust25434V203+$2.17MAdded
- iShares Inc464286285+$1.49MNew
- Vanguard Total Bond Market ETF921937835+$601.0KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Dimensional ETF Trust25434V104+2.64 pp21.1% → 23.8%
- iShares Inc464286285+0.65 pp0.0% → 0.6%
- Dimensional ETF Trust25434V872+0.55 pp10.1% → 10.6%
- Dimensional ETF Trust25434V203+0.29 pp8.0% → 8.3%
- Dimensional Emerging Core Equity Market ETF25434V302+0.17 pp3.1% → 3.3%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Ssga Active Tr78470P309−$1.10MReduced
- Bondbloxx ETF Trust09789C788−$466.3KReduced
- Vanguard Morningstar Total Stock Market ETF922908769−$414.4KReduced
- Vanguard Emerging Markets Government Bond ETF921946885−$294.8KReduced
- Vanguard Scottsdale FDS92206C730−$235.8KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Ssga Active Tr78470P309−0.57 pp0.7% → 0.1%
- Bondbloxx ETF Trust09789C788−0.26 pp0.5% → 0.2%
- Vanguard Total International Bond ETF92203J407−0.25 pp1.8% → 1.5%
- Vanguard Morningstar Total Stock Market ETF922908769−0.18 pp0.3% → 0.1%
- Vanguard Emerging Markets Government Bond ETF921946885−0.17 pp0.3% → 0.2%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $230.6M
- +$30.5M (+15.2%) vs. prior quarter
- Positions
- 86
- +1 vs. prior quarter
- Top 10 concentration
- 65.2%
- Top 10 as share of value
- Turnover
- 1.8%
- 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 $230.6M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | 86 | $230.6M | Dimensional ETF TrustDimensional ETF TrustDimensional ETF Trust | vs. Q1 2026 | SEC |
| Q1 2026 | May 15, 2026 | 85 | $200.1M | Dimensional ETF TrustDimensional ETF TrustDimensional ETF Trust | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 18, 2026 | 82 | $194.9M | Dimensional ETF TrustDimensional ETF TrustDimensional ETF Trust | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 14, 2025 | 83 | $168.2M | Dimensional ETF TrustDimensional ETF TrustDimensional ETF Trust | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 14, 2025 | 74 | $144.6M | Dimensional ETF TrustDimensional ETF TrustDimensional ETF Trust | vs. Q1 2025 | SEC |
| Q1 2025 | May 14, 2025 | 74 | $121.1M | Dimensional ETF TrustDimensional ETF TrustDimensional ETF Trust | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 18, 2025 | 75 | $112.9M | Dimensional ETF TrustDimensional ETF TrustVanguard Total Bond Market ETF | – | SEC |