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Livermore
Livermore
ZHEN

Legacy Advisory Services, LLC

SEC CIK
0002068847
Latest filing
Jul 21, 2026

The latest 13F from Legacy Advisory Services, LLC covers Q2 2026 (filed Jul 21, 2026): 54 long positions worth $142.1M. The top 10 holdings make up 77.2% of the portfolio, and the largest is iShares Trust iShares 0-1 Year Treasury Bond ETF at 16.3%. Livermore has 12 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
8
Est. +$2.08M
Added
22
Est. +$3.72M
Reduced
21
Est. −$3.88M
Sold out
3
Est. −$1.18M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    16.3%$23.1M
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    15.0%$21.3M
  3. iShares Tr46436E718
    11.2%$15.9M
  4. iShares MSCI USA Min Vol Factor ETF46429B697
    8.3%$11.8M
  5. iShares MSCI USA Quality Factor ETF46432F339
    7.3%$10.4M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares MSCI USA Min Vol Factor ETF46429B697
    +$1.12MAdded
  2. iShares MSCI USA Quality Factor ETF46432F339
    +$539.8KAdded
  3. iShares Tr464287572
    +$530.8KAdded
  4. MSFTMicrosoft Corp
    +$400.0KAddedHistory
  5. RKLBRocket Lab Corp
    +$304.9KNewHistory

Largest weight increases

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

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    +1.00 pp14.0% → 15.0%
  2. iShares MSCI USA Quality Factor ETF46432F339
    +0.74 pp6.5% → 7.3%
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    +0.46 pp7.8% → 8.3%
  4. iShares Tr464287572
    +0.45 pp1.8% → 2.3%
  5. BlackRock ETF Trust09290C103
    +0.26 pp3.0% → 3.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −$2.13MReduced
  2. iShares Tr46436E718
    −$738.9KReduced
  3. TMUST-Mobile US, Inc.
    −$507.6KSold outHistory
  4. iShares Core S&P 500 ETF464287200
    −$362.5KReduced
  5. SLGNSilgan Holdings Inc
    −$347.6KSold outHistory

Largest weight decreases

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

  1. iShares Trust iShares 0-1 Year Treasury Bond ETF464288679
    −3.01 pp19.3% → 16.3%
  2. iShares Tr46436E718
    −1.51 pp12.7% → 11.2%
  3. TMUST-Mobile US, Inc.
    −0.39 pp0.4% → 0.0%History
  4. SLGNSilgan Holdings Inc
    −0.27 pp0.3% → 0.0%History
  5. Vanguard Industrials ETF92204A603
    −0.25 pp0.2% → 0.0%

Metrics

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

Portfolio value
$142.1M
+$11.1M (+8.5%) vs. prior quarter
Positions
54
+5 vs. prior quarter
Top 10 concentration
77.2%
Top 10 as share of value
Turnover
3.7%
Q2 2026, one quarter
Average holding period
8.3 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 $142.1M (Q2 2026)

Q4 2023: $94.8MQ1 2024: $105.5MQ2 2024: $109.3MQ3 2024: $116.4MQ4 2024: $117.3MQ1 2025: $118.4MQ2 2025: $126.1MQ3 2025: $132.6MQ4 2025: $133.0MQ1 2026: $131.0MQ2 2026: $142.1M
Q4 2023Q2 2026
13F filings of Legacy Advisory Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 202654$142.1MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q1 2026SEC
Q1 2026May 12, 202649$131.0MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q4 2025SEC
Q4 2025Jan 23, 202650$133.0MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q3 2025SEC
Q3 2025Oct 30, 202550$132.6MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q2 2025SEC
Q2 2025Aug 14, 202545$126.1MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q1 2025SEC
Q1 2025May 19, 202550$118.4MiShares Trust iShares 0-1 Year Treasury Bond ETFState Street SPDR Portfolio S&P 500 ETFiShares Trvs. Q4 2024SEC
Q4 2024Oct 17, 202551$117.3MState Street SPDR Portfolio S&P 500 ETFiShares TriShares MSCI USA Min Vol Factor ETFvs. Q3 2024SEC
Q3 2024Oct 17, 202549$116.4MState Street SPDR Portfolio S&P 500 ETFiShares TriShares MSCI USA Min Vol Factor ETFvs. Q2 2024SEC
Q2 2024Oct 30, 2025Amended48$109.3MState Street SPDR Portfolio S&P 500 ETFiShares TriShares Trvs. Q1 2024SEC
Q1 2024Oct 17, 202547$105.5MState Street SPDR Portfolio S&P 500 ETFiShares TriShares MSCI USA Min Vol Factor ETFvs. Q4 2023SEC
Q4 2023Oct 17, 202546$94.8MState Street SPDR Portfolio S&P 500 ETFiShares TriShares MSCI USA Min Vol Factor ETF–SEC