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Livermore
Livermore
ZHEN

Investment Advisory Services Group LLC

SEC CIK
0002099157
Latest filing
Jul 29, 2026

The latest 13F from Investment Advisory Services Group LLC covers Q2 2026 (filed Jul 29, 2026): 37 long positions worth $136.7M. The top 10 holdings make up 77.8% of the portfolio, and the largest is iShares Core S&P 500 ETF at 20.1%. Livermore has 3 filings on Form 13F from this institution, going back to Q4 2025.

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
9
Est. +$3.27M
Added
21
Est. +$8.76M
Reduced
7
Est. −$2.74M
Sold out
1
Est. −$295.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    20.1%$27.4M
  2. Fidelity Merrimack STR Tr316188309
    16.8%$22.9M
  3. JPMorgan Ultra-Short Income ETF46641Q837
    8.1%$11.1M
  4. Capital Group Dividend Value14020W106
    6.0%$8.22M
  5. Fidelity High Dividend ETF316092840
    5.9%$8.09M

Share of portfolio

Top 5 holdings and the other 32 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF20.1%
  2. Fidelity Merrimack STR Tr16.8%
  3. JPMorgan Ultra-Short Income ETF8.1%
  4. Capital Group Dividend Value6.0%
  5. Fidelity High Dividend ETF5.9%
  6. Other 32 positions43.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Merrimack STR Tr316188309
    +$2.67MAdded
  2. JPMorgan Ultra-Short Income ETF46641Q837
    +$1.45MAdded
  3. BABoeing Co
    +$980.6KNewHistory
  4. Capital Group Dividend Value14020W106
    +$843.0KAdded
  5. iShares Core MSCI Total International Stock ETF46432F834
    +$754.2KAdded

Largest weight increases

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

  1. Invesco Nasdaq 100 ETF46138G649
    +0.73 pp4.5% → 5.3%
  2. BABoeing Co
    +0.72 pp0.0% → 0.7%History
  3. Fidelity MSCI Information Technology Index ETF316092808
    +0.70 pp3.6% → 4.3%
  4. First Tr Exchange-Traded FD33734X846
    +0.52 pp2.0% → 2.5%
  5. Capital Group Dividend Value14020W106
    +0.47 pp5.5% → 6.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$2.21MReduced
  2. WisdomTree Tr97717Y527
    −$295.1KSold out
  3. WisdomTree Tr97717X669
    −$209.5KReduced
  4. AAPLApple Inc.
    −$164.6KReducedHistory
  5. BRK.BBerkshire Hathaway Inc
    −$114.0KReducedHistory

Largest weight decreases

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

  1. iShares Core S&P 500 ETF464287200
    −2.42 pp22.5% → 20.1%
  2. WisdomTree Tr97717Y527
    −0.26 pp0.3% → 0.0%
  3. AAPLApple Inc.
    −0.22 pp2.3% → 2.1%History
  4. WisdomTree Tr97717X669
    −0.21 pp0.7% → 0.5%
  5. BRK.BBerkshire Hathaway Inc
    −0.14 pp0.4% → 0.3%History

Metrics

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

Portfolio value
$136.7M
+$21.7M (+18.9%) vs. prior quarter
Positions
37
+8 vs. prior quarter
Top 10 concentration
77.8%
Top 10 as share of value
Turnover
2.4%
Q2 2026, one quarter
Average holding period
3.0 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 (Q4 2025), so positions held before then are understated.

13F filings by quarter

3 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $136.7M (Q2 2026)

Q4 2025: $112.7MQ1 2026: $114.9MQ2 2026: $136.7M
Q4 2025Q2 2026
13F filings of Investment Advisory Services Group LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 202637$136.7MiShares Core S&P 500 ETFFidelity Merrimack STR TrJPMorgan Ultra-Short Income ETFvs. Q1 2026SEC
Q1 2026Apr 28, 202629$114.9MiShares Core S&P 500 ETFFidelity Merrimack STR TrJPMorgan Ultra-Short Income ETFvs. Q4 2025SEC
Q4 2025Feb 4, 202631$112.7MiShares Core S&P 500 ETFFidelity Merrimack STR TrJPMorgan Ultra-Short Income ETF–SEC