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Livermore
Livermore
ZHEN

Laird Norton Trust Company, LLC

SEC CIK
0000723204
Latest filing
Aug 14, 2026

The latest 13F from Laird Norton Trust Company, LLC covers Q2 2026 (filed Aug 14, 2026): 1,017 long positions worth $5.21B. The top 10 holdings make up 33.6% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF 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
73
Est. +$32.5M
Added
415
Est. +$84.8M
Reduced
475
Est. −$84.3M
Sold out
38
Est. −$17.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    5.6%$290.7M
  2. AAPLApple Inc.
    5.2%$269.9MHistory
  3. MSFTMicrosoft Corp
    5.2%$269.2MHistory
  4. NVDANVIDIA Corp
    4.1%$212.9MHistory
  5. Vanguard Ftse Developed Markets ETF921943858
    2.6%$136.8M

Share of portfolio

Top 5 holdings and the other 1,012 positions, by share of portfolio value

  1. Vanguard Morningstar Total Stock Market ETF5.6%
  2. AAPL5.2%
  3. MSFT5.2%
  4. NVDA4.1%
  5. Vanguard Ftse Developed Markets ETF2.6%
  6. Other 1,012 positions77.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Total World Stock ETF922042742
    +$5.24MAdded
  2. iShares Core S&P Mid-Cap ETF464287507
    +$5.08MAdded
  3. iShares Tr464288372
    +$4.66MAdded
  4. iShares Russell 1000 Growth ETF464287614
    +$3.89MAddedConverted for a 4-for-1 split
  5. MUMicron Technology Inc
    +$3.75MAddedHistory

Largest weight increases

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

  1. MUMicron Technology Inc
    +0.71 pp0.3% → 1.0%History
  2. AMDAdvanced Micro Devices Inc
    +0.50 pp0.3% → 0.8%History
  3. AMATApplied Materials Inc
    +0.38 pp0.4% → 0.8%History
  4. INTCIntel Corp
    +0.25 pp0.1% → 0.4%History
  5. LRCXLam Research Corp
    +0.24 pp0.3% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$4.06MSold outHistory
  2. BRK.BBerkshire Hathaway Inc
    −$3.02MReducedHistory
  3. NVDANVIDIA Corp
    −$2.46MReducedHistory
  4. MSFTMicrosoft Corp
    −$2.43MReducedHistory
  5. ABTAbbott Laboratories
    −$2.32MReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −0.71 pp5.9% → 5.2%History
  2. NFLXNetflix Inc
    −0.15 pp0.4% → 0.3%History
  3. METAMeta Platforms, Inc.
    −0.15 pp1.0% → 0.9%History
  4. INTUIntuit Inc.
    −0.13 pp0.3% → 0.1%History
  5. PHYSSprott Physical Gold Trust
    −0.13 pp0.4% → 0.3%History

Metrics

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

Portfolio value
$5.21B
+$622.3M (+13.6%) vs. prior quarter
Positions
1,017
+35 vs. prior quarter
Top 10 concentration
33.6%
Top 10 as share of value
Turnover
2.1%
Q2 2026, one quarter
Average holding period
10.1 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 $5.21B (Q2 2026)

Q1 2021: $908.5MQ2 2021: $958.0MQ3 2021: $978.2MQ4 2021: $1.07BQ1 2022: $1.10BQ2 2022: $790.0MQ3 2022: $439.7MQ4 2022: $704.0MQ1 2023: $800.8MQ2 2023: $849.7MQ3 2023: $777.4MQ4 2023: $845.9MQ1 2024: $738.2MQ2 2024: $709.0MQ3 2024: $763.6MQ4 2024: $731.4MQ1 2025: $621.6MQ2 2025: $727.8MQ3 2025: $582.0MQ4 2025: $4.81BQ1 2026: $4.58BQ2 2026: $5.21B
Q1 2021Q2 2026
13F filings of Laird Norton Trust Company, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 20261,017$5.21BVanguard Morningstar Total Stock Market ETFAAPLMSFTvs. Q1 2026SEC
Q1 2026May 15, 2026982$4.58BMSFTVanguard Morningstar Total Stock Market ETFAAPLvs. Q4 2025SEC
Q4 2025Feb 17, 20261,020$4.81BMSFTAAPLVanguard Morningstar Total Stock Market ETFvs. Q3 2025SEC
Q3 2025Nov 14, 202565$582.0MMSFTVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Total Stock Market ETFvs. Q2 2025SEC
Q2 2025Aug 14, 202569$727.8MMSFTVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Total Stock Market ETFvs. Q1 2025SEC
Q1 2025May 15, 202567$621.6MMSFTVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Total Stock Market ETFvs. Q4 2024SEC
Q4 2024Feb 14, 202580$731.4MMSFTVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Total Stock Market ETFvs. Q3 2024SEC
Q3 2024Nov 14, 202484$763.6MMSFTVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Total Stock Market ETFvs. Q2 2024SEC
Q2 2024Aug 14, 202472$709.0MMSFTVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Total Stock Market ETFvs. Q1 2024SEC
Q1 2024May 15, 202483$738.2MMSFTVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Total Stock Market ETFvs. Q4 2023SEC
Q4 2023Feb 14, 202490$845.9MMSFTVanguard Ftse All-World Ex-US Index FundVanguard Morningstar Total Stock Market ETFvs. Q3 2023SEC
Q3 2023Nov 14, 2023115$777.4MMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q2 2023SEC
Q2 2023Aug 14, 2023115$849.7MMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q1 2023SEC
Q1 2023May 15, 2023119$800.8MMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q4 2022SEC
Q4 2022Feb 14, 2023115$704.0MMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q3 2022SEC
Q3 2022Nov 7, 202271$439.7MVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index FundVanguard Ftse Emerging Markets ETFvs. Q2 2022SEC
Q2 2022Aug 3, 2022122$790.0MMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q1 2022SEC
Q1 2022May 6, 2022195$1.10BMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q4 2021SEC
Q4 2021Feb 7, 2022198$1.07BMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q3 2021SEC
Q3 2021Nov 12, 2021187$978.2MMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q2 2021SEC
Q2 2021Aug 9, 2021168$958.0MMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fundvs. Q1 2021SEC
Q1 2021May 13, 2021163$908.5MMSFTVanguard Morningstar Total Stock Market ETFVanguard Ftse All-World Ex-US Index Fund–SEC