Focused Alpha, LLC
- SEC CIK
- 0002105062
- Latest filing
- Aug 7, 2026
The latest 13F from Focused Alpha, LLC covers Q2 2026 (filed Aug 7, 2026): 264 long positions worth $390.1M. The top 10 holdings make up 30.5% of the portfolio, and the largest is iShares Core S&P 500 ETF at 5.3%. 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.
- New
- 43
- Est. +$28.9M
- Added
- 151
- Est. +$41.9M
- Reduced
- 59
- Est. −$18.8M
- Sold out
- 26
- Est. −$21.4M
Top 5 holdings
Share of this quarter's portfolio value
Biggest buys
New and added positions, by estimated amount bought
- Zacks Trust98888G808+$9.47MNew
- iShares Core S&P 500 ETF464287200+$5.88MAdded
- AB Active ETFs Inc00039J830+$4.71MAdded
- Pgim ETF Tr69344A107+$3.12MAdded
- Principal Exchange Traded FD74255Y888+$3.01MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Zacks Trust98888G808+2.43 pp0.0% → 2.4%
- iShares Core S&P 500 ETF464287200+1.31 pp4.0% → 5.3%
- AB Active ETFs Inc00039J830+0.92 pp1.7% → 2.7%
- Principal Exchange Traded FD74255Y888+0.64 pp0.8% → 1.4%
- Zacks Trust98888G204+0.62 pp0.0% → 0.6%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Fundvantage Tr36087T411−1.51 pp1.5% → 0.0%
- J P Morgan Exchange Traded F46654Q609−1.32 pp1.3% → 0.0%
- Listed FD Tr53656F847−0.91 pp0.9% → 0.0%
- Federated Hermes ETF Trust31423L305−0.65 pp2.1% → 1.5%
- Federated Hermes ETF Trust31423L404−0.56 pp2.5% → 1.9%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $390.1M
- +$66.5M (+20.5%) vs. prior quarter
- Positions
- 264
- +17 vs. prior quarter
- Top 10 concentration
- 30.5%
- Top 10 as share of value
- Turnover
- 11.3%
- Q2 2026, one quarter
- Average holding period
- 2.8 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 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 $390.1M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 7, 2026 | 264 | $390.1M | iShares Core S&P 500 ETFVanguard Morningstar Total Stock Market ETFMSFT | vs. Q1 2026 | SEC |
| Q1 2026 | May 12, 2026 | 247 | $323.7M | Vanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETFMSFT | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 13, 2026 | 243 | $340.3M | MSFTVanguard Morningstar Total Stock Market ETFiShares Core S&P 500 ETF | – | SEC |