Skip to main content
Livermore
Livermore
ZHEN

First American Trust, FSB

SEC CIK
0000036066
Latest filing
Aug 10, 2026

The latest 13F from First American Trust, FSB covers Q2 2026 (filed Aug 10, 2026): 307 long positions worth $1.66B. The top 10 holdings make up 27.7% of the portfolio, and the largest is Apple Inc. (AAPL) at 5.6%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

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
34
Est. +$49.0M
Added
120
Est. +$105.8M
Reduced
128
Est. −$98.8M
Sold out
17
Est. −$11.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    5.6%$92.1MHistory
  2. MSFTMicrosoft Corp
    3.8%$63.0MHistory
  3. NVDANVIDIA Corp
    3.3%$54.0MHistory
  4. iShares Tr464288877
    2.7%$44.1M
  5. GOOGLAlphabet Inc.
    2.6%$42.9MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Actvely MNGD Etc FD46090F100
    +$12.3MNew
  2. iShares Core MSCI Emerging Markets ETF46434G103
    +$11.6MAdded
  3. MUMicron Technology Inc
    +$8.58MAddedHistory
  4. iShares Tr464289446
    +$8.10MAdded
  5. AMDAdvanced Micro Devices Inc
    +$7.65MAddedHistory

Largest weight increases

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

  1. iShares Core MSCI Emerging Markets ETF46434G103
    +0.78 pp1.2% → 2.0%
  2. Invesco Actvely MNGD Etc FD46090F100
    +0.74 pp0.0% → 0.7%
  3. MUMicron Technology Inc
    +0.64 pp0.1% → 0.7%History
  4. AMDAdvanced Micro Devices Inc
    +0.52 pp<0.1% → 0.6%History
  5. iShares Tr464289446
    +0.50 pp0.4% → 0.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Inc464286426
    −$10.2MReduced
  2. ROSTRoss Stores, Inc.
    −$6.33MReducedHistory
  3. Invesco Exch Traded FD Tr II46138E354
    −$5.36MReduced
  4. NVDANVIDIA Corp
    −$5.30MReducedHistory
  5. CHTRCharter Communications, Inc.
    −$5.26MSold outHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.63 pp4.4% → 3.8%History
  2. IAUiShares Gold Trust
    −0.62 pp1.6% → 1.0%History
  3. iShares Inc464286426
    −0.55 pp0.7% → 0.1%
  4. WMTWalmart Inc.
    −0.55 pp1.3% → 0.8%History
  5. ROSTRoss Stores, Inc.
    −0.48 pp0.8% → 0.3%History

Metrics

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

Portfolio value
$1.66B
+$172.4M (+11.6%) vs. prior quarter
Positions
307
+17 vs. prior quarter
Top 10 concentration
27.7%
Top 10 as share of value
Turnover
7.0%
Q2 2026, one quarter
Average holding period
13.7 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 (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.66B (Q2 2026)

Q1 2021: $633.5MQ2 2021: $636.8MQ3 2021: $662.4MQ4 2021: $732.4MQ1 2022: $724.7MQ2 2022: $631.9MQ3 2022: $595.3MQ4 2022: $645.3MQ1 2023: $673.9MQ2 2023: $725.9MQ3 2023: $706.6MQ4 2023: $808.0MQ1 2024: $954.0MQ2 2024: $997.7MQ3 2024: $1.01BQ4 2024: $1.00BQ1 2025: $1.09BQ2 2025: $1.25BQ3 2025: $1.38BQ4 2025: $1.46BQ1 2026: $1.49BQ2 2026: $1.66B
Q1 2021Q2 2026
13F filings of First American Trust, FSB by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026307$1.66BAAPLMSFTNVDAvs. Q1 2026SEC
Q1 2026May 12, 2026290$1.49BAAPLMSFTNVDAvs. Q4 2025SEC
Q4 2025Feb 11, 2026287$1.46BAAPLMSFTNVDAvs. Q3 2025SEC
Q3 2025Nov 10, 2025258$1.38BAAPLMSFTNVDAvs. Q2 2025SEC
Q2 2025Aug 11, 2025246$1.25BMSFTAAPLiShares Trvs. Q1 2025SEC
Q1 2025May 12, 2025239$1.09BAAPLMSFTAMZNvs. Q4 2024SEC
Q4 2024Feb 11, 2025229$1.00BAAPLAMZNMSFTvs. Q3 2024SEC
Q3 2024Nov 12, 2024226$1.01BAAPLMSFTAMZNvs. Q2 2024SEC
Q2 2024Aug 12, 2024212$997.7MAAPLMSFTAMZNvs. Q1 2024SEC
Q1 2024May 13, 2024218$954.0MMSFTAAPLAMZNvs. Q4 2023SEC
Q4 2023Jan 30, 2024177$808.0MMSFTAAPLGOOGLvs. Q3 2023SEC
Q3 2023Oct 31, 2023150$706.6MAAPLMSFTGOOGLvs. Q2 2023SEC
Q2 2023Jul 26, 2023151$725.9MAAPLMSFTGOOGLvs. Q1 2023SEC
Q1 2023Apr 26, 2023155$673.9MAAPLMSFTFAFvs. Q4 2022SEC
Q4 2022Jan 25, 2023154$645.3MAAPLMSFTVanguard Morningstar Value ETFvs. Q3 2022SEC
Q3 2022Oct 18, 2022152$595.3MAAPLMSFTVanguard Morningstar Value ETFvs. Q2 2022SEC
Q2 2022Jul 19, 2022156$631.9MAAPLMSFTVanguard Morningstar Value ETFvs. Q1 2022SEC
Q1 2022Apr 12, 2022165$724.7MAAPLMSFTGOOGLvs. Q4 2021SEC
Q4 2021Jan 11, 2022161$732.4MAAPLMSFTGOOGLvs. Q3 2021SEC
Q3 2021Oct 21, 2021155$662.4MAAPLMSFTGOOGLvs. Q2 2021SEC
Q2 2021Jul 29, 2021150$636.8MAAPLiShares Core U.S. Aggregate Bond ETFMSFTvs. Q1 2021SEC
Q1 2021Apr 27, 2021148$633.5MiShares Core U.S. Aggregate Bond ETFAAPLMSFT–SEC