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Livermore
Livermore
ZHEN

Advocate Investing Services LLC

SEC CIK
0002110509
Latest filing
Jul 28, 2026

The latest 13F from Advocate Investing Services LLC covers Q2 2026 (filed Jul 28, 2026): 460 long positions worth $129.8M. The top 10 holdings make up 40.1% of the portfolio, and the largest is Invesco Actively Managed Exc at 10.1%. 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
38
Est. +$1.06M
Added
80
Est. +$6.63M
Reduced
35
Est. −$3.67M
Sold out
25
Est. −$750.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco Actively Managed Exc46090A887
    10.1%$13.0M
  2. T Rowe Price Exchange-Traded87283Q867
    8.9%$11.6M
  3. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    4.0%$5.17M
  4. Invesco Exch Traded FD Tr II46138E362
    3.7%$4.81M
  5. SPDR Series Trust78464A755
    2.5%$3.23M

Share of portfolio

Top 5 holdings and the other 455 positions, by share of portfolio value

  1. Invesco Actively Managed Exc10.1%
  2. T Rowe Price Exchange-Traded8.9%
  3. State Street Consumer Staples Select Sector SPDR ETF4.0%
  4. Invesco Exch Traded FD Tr II3.7%
  5. SPDR Series Trust2.5%
  6. Other 455 positions70.8%

Biggest buys

New and added positions, by estimated amount bought

  1. First Trust Rising Dividend Achievers ETF33738R506
    +$1.33MAdded
  2. Vanguard High Dividend Yield Index ETF921946406
    +$954.3KAdded
  3. State Street Consumer Staples Select Sector SPDR ETF81369Y308
    +$502.1KAdded
  4. KMBKimberly Clark Corp
    +$463.2KAddedHistory
  5. NOKNokia Corp
    +$362.5KNewHistory

Largest weight increases

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

  1. First Trust Rising Dividend Achievers ETF33738R506
    +1.02 pp<0.1% → 1.0%
  2. Vanguard High Dividend Yield Index ETF921946406
    +0.69 pp1.6% → 2.3%
  3. Vanguard Information Technology ETF92204A702
    +0.50 pp1.1% → 1.6%
  4. URIUnited Rentals, Inc.
    +0.39 pp0.9% → 1.3%History
  5. KMBKimberly Clark Corp
    +0.37 pp0.4% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Dividend Appreciation ETF921908844
    −$935.3KReduced
  2. SPHSuburban Propane Partners LP
    −$705.5KReducedHistory
  3. BSMBlack Stone Minerals, L.P.
    −$664.5KSold outHistory
  4. Invesco Actively Managed Exc46090A887
    −$497.9KReduced
  5. ALABAstera Labs, Inc.
    −$229.4KReducedHistory

Largest weight decreases

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

  1. Invesco Actively Managed Exc46090A887
    −1.42 pp11.5% → 10.1%
  2. Vanguard Dividend Appreciation ETF921908844
    −0.72 pp2.9% → 2.2%
  3. SPHSuburban Propane Partners LP
    −0.71 pp0.8% → 0.1%History
  4. BSMBlack Stone Minerals, L.P.
    −0.56 pp0.6% → 0.0%History
  5. State Street Energy Select Sector SPDR ETF81369Y506
    −0.43 pp1.8% → 1.3%

Metrics

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

Portfolio value
$129.8M
+$11.8M (+10.0%) vs. prior quarter
Positions
460
+13 vs. prior quarter
Top 10 concentration
40.1%
Top 10 as share of value
Turnover
3.6%
Q2 2026, one quarter
Average holding period
2.9 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 $129.8M (Q2 2026)

Q4 2025: $111.6MQ1 2026: $118.0MQ2 2026: $129.8M
Q4 2025Q2 2026
13F filings of Advocate Investing Services LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 2026460$129.8MInvesco Actively Managed ExcT Rowe Price Exchange-TradedState Street Consumer Staples Select Sector SPDR ETFvs. Q1 2026SEC
Q1 2026Apr 22, 2026447$118.0MInvesco Actively Managed ExcT Rowe Price Exchange-TradedState Street Consumer Staples Select Sector SPDR ETFvs. Q4 2025SEC
Q4 2025Feb 12, 2026450$111.6MInvesco Actively Managed ExcT Rowe Price Exchange-TradedVanguard Dividend Appreciation ETF–SEC