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Livermore
Livermore
ZHEN

Andrews Advisory Associates, LLC

SEC CIK
0002110646
Latest filing
Jul 17, 2026

The latest 13F from Andrews Advisory Associates, LLC covers Q2 2026 (filed Jul 17, 2026): 86 long positions worth $208.1M. The top 10 holdings make up 57.2% of the portfolio, and the largest is Vanguard S&P 500 ETF at 12.7%. 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. +$1.94M
Added
32
Est. +$7.50M
Reduced
35
Est. −$3.81M
Sold out
3
Est. −$521.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    12.7%$26.4M
  2. Fidelity Merrimack STR Tr316188309
    12.2%$25.3M
  3. Goldman Sachs ETF Tr381430230
    7.7%$16.0M
  4. J P Morgan Exchange Traded F46641Q159
    5.2%$10.7M
  5. Fidelity Covington Trust31609A404
    5.1%$10.7M

Share of portfolio

Top 5 holdings and the other 81 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF12.7%
  2. Fidelity Merrimack STR Tr12.2%
  3. Goldman Sachs ETF Tr7.7%
  4. J P Morgan Exchange Traded F5.2%
  5. Fidelity Covington Trust5.1%
  6. Other 81 positions57.1%

Biggest buys

New and added positions, by estimated amount bought

  1. CVXChevron Corp
    +$1.51MAddedHistory
  2. Fidelity Covington Trust31609A503
    +$840.8KAdded
  3. Fidelity Merrimack STR Tr316188309
    +$635.2KAdded
  4. Fidelity Covington Trust31609A404
    +$619.3KAdded
  5. J P Morgan Exchange Traded F46641Q159
    +$609.6KAdded

Largest weight increases

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

  1. Vanguard S&P 500 ETF922908363
    +0.76 pp11.9% → 12.7%
  2. American Centy ETF Tr025072604
    +0.48 pp2.3% → 2.8%
  3. Fidelity Covington Trust31609A503
    +0.45 pp1.4% → 1.9%
  4. CVXChevron Corp
    +0.37 pp1.3% → 1.7%History
  5. American Centy ETF Tr025072349
    +0.29 pp0.8% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Admiral FDS Inc921932885
    −$748.3KReduced
  2. Vanguard Real Estate ETF922908553
    −$346.7KReduced
  3. NVDANVIDIA Corp
    −$336.2KReducedHistory
  4. Schwab US Dividend Equity ETF808524797
    −$315.1KReduced
  5. NKENIKE, Inc.
    −$296.6KReducedHistory

Largest weight decreases

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

  1. NKENIKE, Inc.
    −0.31 pp0.6% → 0.3%History
  2. Schwab US Dividend Equity ETF808524797
    −0.30 pp2.7% → 2.4%
  3. Vanguard Admiral FDS Inc921932885
    −0.30 pp1.4% → 1.1%
  4. FDXFedEx Corp
    −0.21 pp0.7% → 0.5%History
  5. Vanguard Real Estate ETF922908553
    −0.17 pp0.7% → 0.5%

Metrics

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

Portfolio value
$208.1M
+$18.2M (+9.6%) vs. prior quarter
Positions
86
+4 vs. prior quarter
Top 10 concentration
57.2%
Top 10 as share of value
Turnover
2.2%
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 $208.1M (Q2 2026)

Q4 2025: $188.1MQ1 2026: $189.9MQ2 2026: $208.1M
Q4 2025Q2 2026
13F filings of Andrews Advisory Associates, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 202686$208.1MVanguard S&P 500 ETFFidelity Merrimack STR TrGoldman Sachs ETF Trvs. Q1 2026SEC
Q1 2026May 15, 202682$189.9MFidelity Merrimack STR TrVanguard S&P 500 ETFGoldman Sachs ETF Trvs. Q4 2025SEC
Q4 2025Feb 18, 202681$188.1MVanguard S&P 500 ETFFidelity Merrimack STR TrGoldman Sachs ETF Tr–SEC