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Livermore
Livermore
ZHEN

Wendell David Associates Inc

SEC CIK
0000878228
Latest filing
Jul 27, 2026

The latest 13F from Wendell David Associates Inc covers Q2 2026 (filed Jul 27, 2026): 155 long positions worth $946.7M. The top 10 holdings make up 47.4% of the portfolio, and the largest is Apple Inc. (AAPL) at 7.8%. 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
7
Est. +$3.52M
Added
21
Est. +$6.48M
Reduced
70
Est. −$16.0M
Sold out
3
Est. −$1.11M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    7.8%$73.5MHistory
  2. MAMastercard Inc
    5.9%$55.6MHistory
  3. TJXTJX Companies Inc
    5.8%$54.6MHistory
  4. LLYEli Lilly & Co
    5.6%$53.3MHistory
  5. MSFTMicrosoft Corp
    5.2%$48.9MHistory

Share of portfolio

Top 5 holdings and the other 150 positions, by share of portfolio value

  1. AAPL7.8%
  2. MA5.9%
  3. TJX5.8%
  4. LLY5.6%
  5. MSFT5.2%
  6. Other 150 positions69.8%

Biggest buys

New and added positions, by estimated amount bought

  1. HONAHoneywell Aerospace Inc.
    +$1.51MNewHistory
  2. NVDANVIDIA Corp
    +$1.12MAddedHistory
  3. APHAmphenol Corp
    +$833.1KAddedHistory
  4. ECLEcolab Inc.
    +$825.0KAddedHistory
  5. LLYEli Lilly & Co
    +$710.1KAddedHistory

Largest weight increases

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

  1. LLYEli Lilly & Co
    +1.24 pp4.4% → 5.6%History
  2. AAPLApple Inc.
    +0.80 pp7.0% → 7.8%History
  3. APHAmphenol Corp
    +0.36 pp0.8% → 1.1%History
  4. ABBVAbbVie Inc.
    +0.30 pp2.3% → 2.6%History
  5. ADPAutomatic Data Processing Inc
    +0.27 pp3.8% → 4.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BRBroadridge Financial Solutions, Inc.
    −$2.30MReducedHistory
  2. HONHoneywell International Inc
    −$1.55MReducedHistory
  3. CHDChurch & Dwight Co Inc
    −$1.54MReducedHistory
  4. MKCMcCormick & Co Inc
    −$1.48MReducedHistory
  5. NKENIKE, Inc.
    −$962.2KReducedHistory

Largest weight decreases

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

  1. INTUIntuit Inc.
    −0.80 pp1.9% → 1.1%History
  2. BRBroadridge Financial Solutions, Inc.
    −0.52 pp1.5% → 1.0%History
  3. TJXTJX Companies Inc
    −0.50 pp6.3% → 5.8%History
  4. ABTAbbott Laboratories
    −0.41 pp2.4% → 1.9%History
  5. MCDMcDonalds Corp
    −0.38 pp2.4% → 2.0%History

Metrics

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

Portfolio value
$946.7M
+$27.8M (+3.0%) vs. prior quarter
Positions
155
+4 vs. prior quarter
Top 10 concentration
47.4%
Top 10 as share of value
Turnover
1.1%
Q2 2026, one quarter
Average holding period
21.2 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 $1.05B (Q3 2024)

Q1 2021: $830.9MQ2 2021: $893.4MQ3 2021: $897.0MQ4 2021: $988.5MQ1 2022: $898.1MQ2 2022: $786.5MQ3 2022: $743.3MQ4 2022: $813.7MQ1 2023: $843.4MQ2 2023: $885.3MQ3 2023: $849.9MQ4 2023: $928.3MQ1 2024: $989.6MQ2 2024: $981.4MQ3 2024: $1.05BQ4 2024: $1.01BQ1 2025: $1.00BQ2 2025: $994.3MQ3 2025: $1.01BQ4 2025: $984.3MQ1 2026: $918.9MQ2 2026: $946.7M
Q1 2021Q2 2026
13F filings of Wendell David Associates Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 2026155$946.7MAAPLMATJXvs. Q1 2026SEC
Q1 2026Apr 23, 2026151$918.9MAAPLTJXMAvs. Q4 2025SEC
Q4 2025Jan 30, 2026149$984.3MAAPLMSFTMAvs. Q3 2025SEC
Q3 2025Oct 30, 2025149$1.01BMSFTAAPLMAvs. Q2 2025SEC
Q2 2025Jul 29, 2025147$994.3MMSFTMAAAPLvs. Q1 2025SEC
Q1 2025Apr 18, 2025151$1.00BAAPLMAADPvs. Q4 2024SEC
Q4 2024Jan 17, 2025154$1.01BAAPLMAMSFTvs. Q3 2024SEC
Q3 2024Oct 21, 2024160$1.05BAAPLMAMSFTvs. Q2 2024SEC
Q2 2024Jul 22, 2024159$981.4MAAPLMSFTMAvs. Q1 2024SEC
Q1 2024Apr 22, 2024163$989.6MMAMSFTAAPLvs. Q4 2023SEC
Q4 2023Jan 22, 2024162$928.3MAAPLMAMSFTvs. Q3 2023SEC
Q3 2023Oct 20, 2023156$849.9MAAPLMAADPvs. Q2 2023SEC
Q2 2023Jul 20, 2023147$885.3MAAPLMAMSFTvs. Q1 2023SEC
Q1 2023Apr 19, 2023146$843.4MAAPLMAADPvs. Q4 2022SEC
Q4 2022Jan 17, 2023146$813.7MMAADPAAPLvs. Q3 2022SEC
Q3 2022Oct 18, 2022145$743.3MAAPLADPMAvs. Q2 2022SEC
Q2 2022Jul 14, 2022149$786.5MAAPLMAADPvs. Q1 2022SEC
Q1 2022Apr 22, 2022153$898.1MAAPLMAADPvs. Q4 2021SEC
Q4 2021Jan 24, 2022155$988.5MAAPLMAADPvs. Q3 2021SEC
Q3 2021Oct 19, 2021153$897.0MAAPLMAADPvs. Q2 2021SEC
Q2 2021Jul 19, 2021153$893.4MMAAAPLADPvs. Q1 2021SEC
Q1 2021Apr 20, 2021150$830.9MMAAAPLADP–SEC