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Livermore
Livermore
ZHEN

Means Investment Co., Inc.

SEC CIK
0000701516
Latest filing
Aug 14, 2026

The latest 13F from Means Investment Co., Inc. covers Q2 2026 (filed Aug 14, 2026): 198 long positions worth $1.32B. The top 10 holdings make up 59.7% of the portfolio, and the largest is Vanguard S&P 500 ETF at 17.9%. 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. +$25.2M
Added
89
Est. +$33.6M
Reduced
90
Est. −$20.7M
Sold out
5
Est. −$1.29M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    17.9%$236.6M
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    7.9%$105.2M
  3. Invesco Exchange Traded FD T46137V233
    7.5%$99.5M
  4. AAPLApple Inc.
    6.5%$85.6MHistory
  5. NVDANVIDIA Corp
    4.0%$52.6MHistory

Share of portfolio

Top 5 holdings and the other 193 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF17.9%
  2. Vanguard Ftse All-World Ex-US Index Fund7.9%
  3. Invesco Exchange Traded FD T7.5%
  4. AAPL6.5%
  5. NVDA4.0%
  6. Other 193 positions56.2%

Biggest buys

New and added positions, by estimated amount bought

  1. J P Morgan Exchange Traded F46641Q159
    +$23.1MNew
  2. FBTCFidelity Wise Origin Bitcoin Fund
    +$5.94MAddedHistory
  3. PIMCO ETF Tr72201R585
    +$3.78MAdded
  4. GOOGAlphabet Inc.
    +$3.70MAddedHistory
  5. Invesco Exchange Traded FD T46137V233
    +$3.70MAdded

Largest weight increases

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

  1. J P Morgan Exchange Traded F46641Q159
    +1.75 pp0.0% → 1.7%
  2. VanEck Semiconductor ETF92189F676
    +0.44 pp0.6% → 1.0%
  3. GOOGAlphabet Inc.
    +0.42 pp2.2% → 2.6%History
  4. AMDAdvanced Micro Devices Inc
    +0.30 pp0.1% → 0.4%History
  5. PIMCO ETF Tr72201R585
    +0.23 pp0.5% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464288208
    −$2.43MReduced
  2. MSFTMicrosoft Corp
    −$1.85MReducedHistory
  3. NFLXNetflix Inc
    −$1.52MReducedHistory
  4. MAMastercard Inc
    −$1.41MReducedHistory
  5. American Centy ETF Tr025072877
    −$1.10MReduced

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.57 pp3.4% → 2.8%History
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    −0.35 pp8.3% → 7.9%
  3. METAMeta Platforms, Inc.
    −0.29 pp1.6% → 1.3%History
  4. CVXChevron Corp
    −0.23 pp0.7% → 0.5%History
  5. NFLXNetflix Inc
    −0.21 pp0.3% → 0.1%History

Metrics

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

Portfolio value
$1.32B
+$178.2M (+15.6%) vs. prior quarter
Positions
198
+6 vs. prior quarter
Top 10 concentration
59.7%
Top 10 as share of value
Turnover
1.8%
Q2 2026, one quarter
Average holding period
17.3 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 $1.32B (Q2 2026)

Q1 2021: $439.4MQ2 2021: $500.0MQ3 2021: $506.3MQ4 2021: $561.7MQ1 2022: $552.4MQ2 2022: $471.7MQ3 2022: $460.9MQ4 2022: $498.9MQ1 2023: $569.3MQ2 2023: $631.9MQ3 2023: $610.7MQ4 2023: $693.9MQ1 2024: $773.1MQ2 2024: $836.5MQ3 2024: $900.1MQ4 2024: $960.7MQ1 2025: $941.7MQ2 2025: $1.06BQ3 2025: $1.16BQ4 2025: $1.19BQ1 2026: $1.15BQ2 2026: $1.32B
Q1 2021Q2 2026
13F filings of Means Investment Co., Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026198$1.32BVanguard S&P 500 ETFVanguard Ftse All-World Ex-US Index FundInvesco Exchange Traded FD Tvs. Q1 2026SEC
Q1 2026Apr 24, 2026192$1.15BVanguard S&P 500 ETFVanguard Ftse All-World Ex-US Index FundInvesco Exchange Traded FD Tvs. Q4 2025SEC
Q4 2025Jan 26, 2026182$1.19BVanguard S&P 500 ETFVanguard Ftse All-World Ex-US Index FundInvesco Exchange Traded FD Tvs. Q3 2025SEC
Q3 2025Nov 6, 2025188$1.16BVanguard S&P 500 ETFVanguard Ftse All-World Ex-US Index FundInvesco Exchange Traded FD Tvs. Q2 2025SEC
Q2 2025Jul 25, 2025189$1.06BVanguard S&P 500 ETFVanguard Ftse All-World Ex-US Index FundInvesco Exchange Traded FD Tvs. Q1 2025SEC
Q1 2025Apr 21, 2025190$941.7MVanguard S&P 500 ETFAAPLVanguard Ftse All-World Ex-US Index Fundvs. Q4 2024SEC
Q4 2024Jan 24, 2025204$960.7MAAPLVanguard World FDVanguard S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 18, 2024203$900.1MAAPLVanguard World FDVanguard S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 19, 2024191$836.5MVanguard World FDAAPLVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024Apr 17, 2024197$773.1MVanguard World FDAAPLVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 25, 2024191$693.9MAAPLVanguard World FDVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 25, 2023192$610.7MAAPLVanguard World FDVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Jul 31, 2023196$631.9MAAPLVanguard World FDMSFTvs. Q1 2023SEC
Q1 2023May 8, 2023192$569.3MAAPLVanguard World FDMSFTvs. Q4 2022SEC
Q4 2022Jan 27, 2023192$498.9MAAPLVanguard World FDMSFTvs. Q3 2022SEC
Q3 2022Oct 17, 2022188$460.9MAAPLVanguard World FDAMZNvs. Q2 2022SEC
Q2 2022Jul 21, 2022190$471.7MAAPLVanguard World FDMSFTvs. Q1 2022SEC
Q1 2022Apr 26, 2022192$552.4MAAPLVanguard World FDAMZNvs. Q4 2021SEC
Q4 2021Feb 14, 2022188$561.7MAAPLVanguard World FDAMZNvs. Q3 2021SEC
Q3 2021Nov 12, 2021184$506.3MAAPLVanguard World FDAMZNvs. Q2 2021SEC
Q2 2021Aug 10, 2021189$500.0MAAPLVanguard World FDAMZNvs. Q1 2021SEC
Q1 2021Apr 5, 2021176$439.4MAAPLVanguard World FDAMZN–SEC