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Livermore
Livermore
ZHEN

Carroll Advisory Group, LLC

SEC CIK
0002108684
Latest filing
Jul 23, 2026

The latest 13F from Carroll Advisory Group, LLC covers Q2 2026 (filed Jul 23, 2026): 73 long positions worth $304.5M. The top 10 holdings make up 61.0% of the portfolio, and the largest is Vanguard S&P 500 ETF at 9.4%. 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
7
Est. +$1.78M
Added
30
Est. +$24.9M
Reduced
26
Est. −$8.25M
Sold out
1
Est. −$235.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    9.4%$28.6M
  2. Invesco Exchange Traded FD T46137V357
    8.3%$25.2M
  3. iShares Tr46435G847
    7.7%$23.3M
  4. Invesco Nasdaq 100 ETF46138G649
    6.3%$19.3M
  5. iShares Core S&P Mid-Cap ETF464287507
    6.0%$18.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Developed Markets ETF921943858
    +$5.02MAdded
  2. Invesco Exchange Traded FD T46137V357
    +$2.47MAdded
  3. ProShares Tr74348A467
    +$2.35MAddedConverted for a 2-for-1 split
  4. State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853
    +$2.13MAdded
  5. iShares Core S&P Mid-Cap ETF464287507
    +$2.00MAdded

Largest weight increases

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

  1. Vanguard Ftse Developed Markets ETF921943858
    +1.43 pp3.7% → 5.2%
  2. State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853
    +0.75 pp4.9% → 5.7%
  3. Invesco Nasdaq 100 ETF46138G649
    +0.65 pp5.7% → 6.3%
  4. iShares Core S&P Mid-Cap ETF464287507
    +0.47 pp5.6% → 6.0%
  5. Vanguard Ftse Emerging Markets ETF922042858
    +0.40 pp0.9% → 1.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Total World Stock ETF922042742
    −$2.43MReduced
  2. iShares Tr46435G847
    −$2.42MReduced
  3. Vanguard Morningstar Total Stock Market ETF922908769
    −$1.31MReduced
  4. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    −$516.4KReduced
  5. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    −$479.0KReduced

Largest weight decreases

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

  1. iShares Tr46435G847
    −1.13 pp8.8% → 7.7%
  2. Vanguard Total World Stock ETF922042742
    −0.86 pp1.5% → 0.6%
  3. Vanguard Morningstar Total Stock Market ETF922908769
    −0.52 pp3.6% → 3.1%
  4. PGProcter & Gamble Co
    −0.45 pp3.2% → 2.7%History
  5. Invesco Exch TRD SLF Idx FD46138J791
    −0.39 pp2.3% → 1.9%

Metrics

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

Portfolio value
$304.5M
+$46.9M (+18.2%) vs. prior quarter
Positions
73
+6 vs. prior quarter
Top 10 concentration
61.0%
Top 10 as share of value
Turnover
3.0%
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 $304.5M (Q2 2026)

Q4 2025: $231.1MQ1 2026: $257.6MQ2 2026: $304.5M
Q4 2025Q2 2026
13F filings of Carroll Advisory Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202673$304.5MVanguard S&P 500 ETFInvesco Exchange Traded FD TiShares Trvs. Q1 2026SEC
Q1 2026Apr 23, 202667$257.6MVanguard S&P 500 ETFiShares TrInvesco Exchange Traded FD Tvs. Q4 2025SEC
Q4 2025Feb 9, 202672$231.1MVanguard S&P 500 ETFiShares TrInvesco Exchange Traded FD T–SEC