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Livermore
Livermore
ZHEN

Romano Brothers and Company

SEC CIK
0000200648
Latest filing
Jul 21, 2026

The latest 13F from Romano Brothers and Company covers Q2 2026 (filed Jul 21, 2026): 331 long positions worth $994.4M. The top 10 holdings make up 24.6% of the portfolio, and the largest is Vanguard S&P 500 ETF at 3.3%. Livermore has 17 filings on Form 13F from this institution, going back to Q3 2022.

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
17
Est. +$12.2M
Added
67
Est. +$5.78M
Reduced
162
Est. −$32.9M
Sold out
5
Est. −$6.94M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    3.3%$32.5M
  2. ABBVAbbVie Inc.
    3.1%$31.1MHistory
  3. AAPLApple Inc.
    2.7%$27.3MHistory
  4. AVGOBroadcom Inc.
    2.7%$26.4MHistory
  5. Vanguard Dividend Appreciation ETF921908844
    2.4%$23.9M

Share of portfolio

Top 5 holdings and the other 326 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF3.3%
  2. ABBV3.1%
  3. AAPL2.7%
  4. AVGO2.7%
  5. Vanguard Dividend Appreciation ETF2.4%
  6. Other 326 positions85.8%

Biggest buys

New and added positions, by estimated amount bought

  1. HONHoneywell International Inc
    +$2.58MNewHistory
  2. HONAHoneywell Aerospace Inc.
    +$2.55MNewHistory
  3. FDXFFedEx Freight Holding Company, Inc.
    +$2.43MNewHistory
  4. RYANRyan Specialty Holdings, Inc.
    +$1.64MNewHistory
  5. UBERUber Technologies, Inc
    +$1.30MAddedHistory

Largest weight increases

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

  1. HONHoneywell International Inc
    +0.26 pp0.0% → 0.3%History
  2. HONAHoneywell Aerospace Inc.
    +0.26 pp0.0% → 0.3%History
  3. FDXFFedEx Freight Holding Company, Inc.
    +0.24 pp0.0% → 0.2%History
  4. RYANRyan Specialty Holdings, Inc.
    +0.16 pp0.0% → 0.2%History
  5. NTAPNetApp, Inc.
    +0.13 pp0.1% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$5.32MSold outHistory
  2. STXSeagate Technology Holdings plc
    −$5.24MReducedHistory
  3. SNDKSandisk Corp
    −$3.12MReducedHistory
  4. AMATApplied Materials Inc
    −$2.85MReducedHistory
  5. WDCWestern Digital Corp
    −$2.24MReducedHistory

Largest weight decreases

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

  1. CACICACI International Inc
    −0.69 pp2.8% → 2.1%History
  2. HONHoneywell International Inc
    −0.60 pp0.6% → 0.0%History
  3. FDXFedEx Corp
    −0.30 pp1.3% → 1.0%History
  4. TAT&T Inc.
    −0.22 pp0.6% → 0.4%History
  5. DUKDuke Energy CORP
    −0.19 pp1.2% → 1.0%History

Metrics

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

Portfolio value
$994.4M
+$114.2M (+13.0%) vs. prior quarter
Positions
331
+12 vs. prior quarter
Top 10 concentration
24.6%
Top 10 as share of value
Turnover
1.9%
Q2 2026, one quarter
Average holding period
14.8 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 (Q3 2022), so positions held before then are understated.

13F filings by quarter

16 quarters, going back to Q3 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $994.4M (Q2 2026)

Q3 2022: $619.8MQ4 2022: $658.4MQ1 2023: $647.3MQ2 2023: $671.1MQ3 2023: $642.7MQ4 2023: $671.6MQ1 2024: $730.3MQ2 2024: $722.1MQ3 2024: $802.9MQ4 2024: $792.4MQ1 2025: $773.3MQ2 2025: $808.8MQ3 2025: $874.9MQ4 2025: $880.0MQ1 2026: $880.2MQ2 2026: $994.4M
Q3 2022Q2 2026
13F filings of Romano Brothers and Company by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 2026331$994.4MVanguard S&P 500 ETFABBVAAPLvs. Q1 2026SEC
Q1 2026Apr 22, 2026319$880.2MVanguard S&P 500 ETFABBVAAPLvs. Q4 2025SEC
Q4 2025Jan 14, 2026314$880.0MVanguard S&P 500 ETFABBVAAPLvs. Q3 2025SEC
Q3 2025Oct 21, 2025319$874.9MABBVAVGOVanguard S&P 500 ETFvs. Q2 2025SEC
Q2 2025Jul 22, 2025308$808.8MAVGOVanguard S&P 500 ETFABBVvs. Q1 2025SEC
Q1 2025Apr 10, 2025301$773.3MABBVAAPLVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 16, 2025302$792.4MAAPLAVGOVanguard S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 22, 2024310$802.9MABBVAAPLCACIvs. Q2 2024SEC
Q2 2024Jul 17, 2024300$722.1MAAPLABBVVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024Apr 17, 2024305$730.3MABBVAAPLVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 29, 2024302$671.6MAAPLABBVVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 17, 2023Amended299$642.7MAAPLABBVSPYvs. Q2 2023SEC
Q2 2023Jul 13, 2023307$671.1MAAPLSPYABBVvs. Q1 2023SEC
Q1 2023Apr 13, 2023303$647.3MAAPLABBVSPYvs. Q4 2022SEC
Q4 2022Jan 18, 20231,042$658.4MABBVAAPLCACIvs. Q3 2022SEC
Q3 2022Oct 18, 2022293$619.8MALBAAPLABBV–SEC