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Livermore
Livermore
ZHEN

McRae Capital Management Inc

SEC CIK
0000320376
Latest filing
Jul 17, 2026

The latest 13F from McRae Capital Management Inc covers Q2 2026 (filed Jul 17, 2026): 112 long positions worth $508.1M. The top 10 holdings make up 39.5% of the portfolio, and the largest is Williams Sonoma Inc (WSM) at 5.0%. 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
11
Est. +$14.2M
Added
31
Est. +$5.93M
Reduced
41
Est. −$22.5M
Sold out
4
Est. −$4.35M

Top 5 holdings

Share of this quarter's portfolio value

  1. WSMWilliams Sonoma Inc
    5.0%$25.5MHistory
  2. KEYSKeysight Technologies, Inc.
    4.9%$24.7MHistory
  3. MSFTMicrosoft Corp
    4.5%$22.8MHistory
  4. LHLabcorp Holdings Inc.
    4.5%$22.7MHistory
  5. PWRQuanta Services, Inc.
    3.5%$17.7MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. HONHoneywell International Inc
    +$6.07MNewHistory
  2. HONAHoneywell Aerospace Inc.
    +$5.99MNewHistory
  3. INSMINSMED Inc
    +$2.31MAddedHistory
  4. BRBroadridge Financial Solutions, Inc.
    +$1.07MAddedHistory
  5. NFLXNetflix Inc
    +$997.6KAddedHistory

Largest weight increases

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

  1. HONHoneywell International Inc
    +1.19 pp0.0% → 1.2%History
  2. HONAHoneywell Aerospace Inc.
    +1.18 pp0.0% → 1.2%History
  3. WATWaters Corp
    +0.22 pp0.8% → 1.0%History
  4. Fidelity Covington Trust31609A404
    +0.13 pp2.0% → 2.1%
  5. IBMInternational Business Machines Corp
    +0.06 pp0.6% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CRMSalesforce, Inc.
    −$4.55MReducedHistory
  2. ZTSZoetis Inc.
    −$2.91MReducedHistory
  3. PWRQuanta Services, Inc.
    −$2.36MReducedHistory
  4. HONHoneywell International Inc
    −$2.35MSold outHistory
  5. UNHUnitedHealth Group Inc
    −$1.51MReducedHistory

Largest weight decreases

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

  1. ZTSZoetis Inc.
    −1.45 pp2.1% → 0.6%History
  2. CRMSalesforce, Inc.
    −1.40 pp2.5% → 1.1%History
  3. LOWLowes Companies Inc
    −0.62 pp4.1% → 3.5%History
  4. NDAQNasdaq, Inc.
    −0.53 pp3.9% → 3.4%History
  5. HONHoneywell International Inc
    −0.49 pp0.5% → 0.0%History

Metrics

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

Portfolio value
$508.1M
+$26.0M (+5.4%) vs. prior quarter
Positions
112
+7 vs. prior quarter
Top 10 concentration
39.5%
Top 10 as share of value
Turnover
4.1%
Q2 2026, one quarter
Average holding period
17.4 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 $512.3M (Q3 2024)

Q1 2021: $403.8MQ2 2021: $437.1MQ3 2021: $454.2MQ4 2021: $479.4MQ1 2022: $443.2MQ2 2022: $368.5MQ3 2022: $328.9MQ4 2022: $341.9MQ1 2023: $347.4MQ2 2023: $351.8MQ3 2023: $337.7MQ4 2023: $399.7MQ1 2024: $456.5MQ2 2024: $438.6MQ3 2024: $512.3MQ4 2024: $510.1MQ1 2025: $474.4MQ2 2025: $488.4MQ3 2025: $503.8MQ4 2025: $489.9MQ1 2026: $482.1MQ2 2026: $508.1M
Q1 2021Q2 2026
13F filings of McRae Capital Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 2026112$508.1MWSMKEYSMSFTvs. Q1 2026SEC
Q1 2026May 14, 2026105$482.1MMSFTLHKEYSvs. Q4 2025SEC
Q4 2025Feb 11, 2026103$489.9MMSFTNDAQWSMvs. Q3 2025SEC
Q3 2025Nov 7, 2025103$503.8MMSFTWSMNDAQvs. Q2 2025SEC
Q2 2025Aug 6, 2025102$488.4MMSFTCHKPNDAQvs. Q1 2025SEC
Q1 2025May 13, 202594$474.4MCHKPMSFTFISVvs. Q4 2024SEC
Q4 2024Jan 30, 202591$510.1MMSFTWSMPWRvs. Q3 2024SEC
Q3 2024Oct 24, 202493$512.3MMSFTPWRLOWvs. Q2 2024SEC
Q2 2024Jul 24, 202492$438.6MMSFTWSMPWRvs. Q1 2024SEC
Q1 2024Apr 18, 202496$456.5MMSFTWSMPWRvs. Q4 2023SEC
Q4 2023Jan 22, 202496$399.7MMSFTPWRWSMvs. Q3 2023SEC
Q3 2023Oct 17, 202394$337.7MMSFTPWRLOWvs. Q2 2023SEC
Q2 2023Jul 21, 202396$351.8MMSFTPWRLOWvs. Q1 2023SEC
Q1 2023Apr 19, 202398$347.4MMSFTOMCPWRvs. Q4 2022SEC
Q4 2022Jan 20, 2023101$341.9MMSFTLOWLHvs. Q3 2022SEC
Q3 2022Oct 20, 2022100$328.9MMSFTPWRLOWvs. Q2 2022SEC
Q2 2022Jul 20, 2022106$368.5MMSFTPRFTPWRvs. Q1 2022SEC
Q1 2022Apr 21, 2022111$443.2MMSFTPRFTLHvs. Q4 2021SEC
Q4 2021Jan 26, 2022113$479.4MPRFTMSFTLOWvs. Q3 2021SEC
Q3 2021Oct 26, 2021112$454.2MPRFTPYPLMSFTvs. Q2 2021SEC
Q2 2021Jul 28, 2021111$437.1MPYPLMSFTLHvs. Q1 2021SEC
Q1 2021May 11, 2021106$403.8MPYPLWSMMSFT–SEC