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Livermore
Livermore
ZHEN

Caldwell Sutter Capital, Inc.

SEC CIK
0000702007
Latest filing
Aug 5, 2026

The latest 13F from Caldwell Sutter Capital, Inc. covers Q2 2026 (filed Aug 5, 2026): 929 long positions worth $265.2M. The top 10 holdings make up 24.0% of the portfolio, and the largest is Apple Inc. (AAPL) at 5.1%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 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
67
Est. +$5.92M
Added
159
Est. +$5.23M
Reduced
192
Est. −$8.98M
Sold out
30
Est. −$4.53M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    5.1%$13.5MHistory
  2. CATCaterpillar Inc
    3.2%$8.51MHistory
  3. PPIHPerma-Pipe International Holdings, Inc.
    2.4%$6.31MHistory
  4. PLBCPlumas Bancorp
    2.3%$6.21MHistory
  5. KNTKKinetik Holdings Inc.
    2.1%$5.69MHistory

Share of portfolio

Top 5 holdings and the other 924 positions, by share of portfolio value

  1. AAPL5.1%
  2. CAT3.2%
  3. PPIH2.4%
  4. PLBC2.3%
  5. KNTK2.1%
  6. Other 924 positions84.8%

Biggest buys

New and added positions, by estimated amount bought

  1. XOMExxonMobil Holdings Corp
    +$1.88MNewHistory
  2. CALMCal-Maine Foods Inc
    +$896.2KNewHistory
  3. iShares Tr46436E718
    +$613.1KAdded
  4. HONHoneywell International Inc
    +$513.9KNewHistory
  5. HONAHoneywell Aerospace Inc.
    +$505.8KNewHistory

Largest weight increases

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

  1. XOMExxonMobil Holdings Corp
    +0.71 pp0.0% → 0.7%History
  2. CALMCal-Maine Foods Inc
    +0.34 pp0.0% → 0.3%History
  3. AAPLApple Inc.
    +0.28 pp4.8% → 5.1%History
  4. HONHoneywell International Inc
    +0.19 pp0.0% → 0.2%History
  5. HONAHoneywell Aerospace Inc.
    +0.19 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$2.35MSold outHistory
  2. MODModine Manufacturing Co
    −$1.44MReducedHistory
  3. HONHoneywell International Inc
    −$1.14MSold outHistory
  4. JPMJPMorgan Chase & Co
    −$598.7KReducedHistory
  5. AXPAmerican Express Co
    −$540.8KReducedHistory

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.96 pp1.0% → 0.0%History
  2. HONHoneywell International Inc
    −0.46 pp0.5% → 0.0%History
  3. PPIHPerma-Pipe International Holdings, Inc.
    −0.46 pp2.8% → 2.4%History
  4. MODModine Manufacturing Co
    −0.38 pp1.1% → 0.8%History
  5. PFEPfizer Inc
    −0.24 pp0.8% → 0.5%History

Metrics

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

Portfolio value
$265.2M
+$19.3M (+7.9%) vs. prior quarter
Positions
929
+37 vs. prior quarter
Top 10 concentration
24.0%
Top 10 as share of value
Turnover
4.4%
Q2 2026, one quarter
Average holding period
13.6 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 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $265.2M (Q2 2026)

Q4 2022: $113.4MQ1 2023: $137.2MQ2 2023: $190.9MQ3 2023: $180.7MQ4 2023: $196.8MQ1 2024: $207.8MQ2 2024: $202.1MQ3 2024: $214.6MQ4 2024: $214.9MQ1 2025: $210.2MQ2 2025: $218.4MQ3 2025: $234.1MQ4 2025: $235.9MQ1 2026: $245.9MQ2 2026: $265.2M
Q4 2022Q2 2026
13F filings of Caldwell Sutter Capital, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 2026929$265.2MAAPLCATPPIHvs. Q1 2026SEC
Q1 2026May 6, 2026892$245.9MAAPLPPIHCATvs. Q4 2025SEC
Q4 2025Jan 30, 2026877$235.9MAAPLPPIHMSAvs. Q3 2025SEC
Q3 2025Oct 29, 2025871$234.1MAAPLMSAPPIHvs. Q2 2025SEC
Q2 2025Jul 11, 2025857$218.4MAAPLMSAPPIHvs. Q1 2025SEC
Q1 2025Apr 16, 2025889$210.2MAAPLVMSAvs. Q4 2024SEC
Q4 2024Jan 21, 2025898$214.9MAAPLMSAVvs. Q3 2024SEC
Q3 2024Oct 25, 2024907$214.6MAAPLMSAMSFTvs. Q2 2024SEC
Q2 2024Jul 23, 2024925$202.1MAAPLMSAMSFTvs. Q1 2024SEC
Q1 2024Apr 19, 2024921$207.8MAAPLMSAVvs. Q4 2023SEC
Q4 2023Jan 19, 2024957$196.8MAAPLMSAVvs. Q3 2023SEC
Q3 2023Oct 25, 2023891$180.7MAAPLMSAVvs. Q2 2023SEC
Q2 2023Jul 19, 2023866$190.9MAAPLMSAVvs. Q1 2023SEC
Q1 2023Apr 25, 2023566$137.2MAAPLMSANAIIvs. Q4 2022SEC
Q4 2022Feb 10, 2023315$113.4MAAPLMSANAII–SEC

13D and 13G filings

Companies where Caldwell Sutter Capital, Inc. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Caldwell Sutter Capital, Inc. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
NAIINatural Alternatives International Inc13G/A7.80%480.4K shares–Feb 10, 20233 filingsFeb 11, 2025SEC
ELSEElectro Sensors Inc13G/A7.30%249.0K shares–Feb 10, 20233 filingsFeb 11, 2025SEC
CRMZCreditriskmonitor Com Inc13G/A5.10%547.7K shares–Aug 8, 20242 filingsFeb 11, 2025SEC

Latest filings

8 filings on file made by Caldwell Sutter Capital, Inc. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Caldwell Sutter Capital, Inc.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ELSEElectro Sensors IncFeb 11, 20257:29 PM ET13G/A7.30%249.0K shares–Dec 31, 2024SEC
NAIINatural Alternatives International IncFeb 11, 20257:28 PM ET13G/A7.80%480.4K shares–Dec 31, 2024SEC
CRMZCreditriskmonitor Com IncFeb 11, 20257:27 PM ET13G/A5.10%547.7K shares–Dec 31, 2024SEC
CRMZCreditriskmonitor Com IncAug 8, 202413GOld format–New–SEC
NAIINatural Alternatives International IncFeb 5, 202413G/AOld format–––SEC
ELSEElectro Sensors IncFeb 5, 202413G/AOld format–––SEC
ELSEElectro Sensors IncFeb 10, 202313GOld format–New–SEC
NAIINatural Alternatives International IncFeb 10, 202313GOld format–New–SEC