Skip to main content
Livermore
Livermore
ZHEN

Bender Robert & Associates

SEC CIK
0000894300
Latest filing
Jul 30, 2026

The latest 13F from Bender Robert & Associates covers Q2 2026 (filed Jul 30, 2026): 39 long positions worth $481.2M. The top 10 holdings make up 74.4% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 18.1%. Livermore has 23 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
1
Est. +$234.6K
Added
15
Est. +$868.8K
Reduced
16
Est. −$4.90M
Sold out
7
Est. −$1.95M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    18.1%$87.3MHistory
  2. AAPLApple Inc.
    15.5%$74.4MHistory
  3. AMDAdvanced Micro Devices Inc
    7.3%$35.1MHistory
  4. AMZNAmazon Com Inc
    6.3%$30.1MHistory
  5. ISRGIntuitive Surgical Inc
    5.7%$27.3MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. INTCIntel Corp
    +$234.6KNewHistory
  2. PANWPalo Alto Networks Inc
    +$134.7KAddedHistory
  3. NOWServiceNow, Inc.
    +$117.3KAddedHistory
  4. LLYEli Lilly & Co
    +$107.9KAddedHistory
  5. MSFTMicrosoft Corp
    +$98.5KAddedHistory

Largest weight increases

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

  1. PANWPalo Alto Networks Inc
    +1.82 pp2.1% → 3.9%History
  2. LLYEli Lilly & Co
    +0.53 pp3.9% → 4.4%History
  3. GEVGE Vernova Inc.
    +0.38 pp2.2% → 2.6%History
  4. GOOGLAlphabet Inc.
    +0.30 pp3.8% → 4.0%History
  5. ILMNIllumina, Inc.
    +0.27 pp1.2% → 1.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$1.89MReducedHistory
  2. AAPLApple Inc.
    −$1.44MReducedHistory
  3. GOOGAlphabet Inc.
    −$785.1KReducedHistory
  4. URGNUroGen Pharma Ltd.
    −$623.9KSold outHistory
  5. PLSEPulse Biosciences, Inc.
    −$263.2KSold outHistory

Largest weight decreases

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

  1. METAMeta Platforms, Inc.
    −0.76 pp5.0% → 4.2%History
  2. LULUlululemon athletica inc.
    −0.54 pp1.5% → 1.0%History
  3. NVDANVIDIA Corp
    −0.50 pp18.6% → 18.1%History
  4. AAPLApple Inc.
    −0.49 pp16.0% → 15.5%History
  5. ADBEAdobe Inc.
    −0.38 pp1.4% → 1.0%History

Metrics

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

Portfolio value
$481.2M
+$64.3M (+15.4%) vs. prior quarter
Positions
39
−6 vs. prior quarter
Top 10 concentration
74.4%
Top 10 as share of value
Turnover
0.2%
Q2 2026, one quarter
Average holding period
7.9 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 $481.3M (Q4 2025)

Q1 2021: $310.8MQ2 2021: $351.9MQ3 2021: $349.3MQ4 2021: $346.5MQ1 2022: $351.1MQ2 2022: $261.5MQ3 2022: $258.2MQ4 2022: $267.4MQ1 2023: $322.9MQ2 2023: $362.1MQ3 2023: $342.2MQ4 2023: $396.8MQ1 2024: $426.7MQ3 2024: $470.9MQ4 2024: $414.3MQ1 2025: $396.1MQ2 2025: $448.3MQ3 2025: $462.6MQ4 2025: $481.3MQ1 2026: $416.9MQ2 2026: $481.2M
Q1 2021Q2 2026
13F filings of Bender Robert & Associates by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 202639$481.2MNVDAAAPLAMDvs. Q1 2026SEC
Q1 2026Apr 23, 202645$416.9MNVDAAAPLISRGvs. Q4 2025SEC
Q4 2025Jan 29, 202639$481.3MNVDAAAPLISRGvs. Q3 2025SEC
Q3 2025Oct 22, 202546$462.6MNVDAAAPLISRGvs. Q2 2025SEC
Q2 2025Jul 24, 202546$448.3MNVDAAAPLISRGvs. Q1 2025SEC
Q1 2025Apr 18, 202540$396.1MAAPLNVDAISRGvs. Q4 2024SEC
Q4 2024Feb 7, 202546$414.3MNVDAAAPLISRGvs. Q3 2024SEC
Q3 2024Oct 30, 202439$470.9MAAPLNVDAISRGvs. Q2 2024SEC
Q2 2024Jul 30, 20240$0–vs. Q1 2024SEC
Q1 2024Apr 23, 202443$426.7MAAPLNVDAISRGvs. Q4 2023SEC
Q4 2023Jan 31, 202450$396.8MAAPLNVDAISRGvs. Q3 2023SEC
Q3 2023Oct 16, 202348$342.2MAAPLNVDAISRGvs. Q2 2023SEC
Q2 2023Jul 14, 202350$362.1MAAPLNVDAISRGvs. Q1 2023SEC
Q1 2023Apr 21, 202355$322.9MAAPLISRGNVDAvs. Q4 2022SEC
Q4 2022Feb 2, 202348$267.4MAAPLISRGLULUvs. Q3 2022SEC
Q3 2022Oct 27, 202254$258.2MAAPLAMZNISRGvs. Q2 2022SEC
Q2 2022Jul 19, 202255$261.5MAAPLISRGAMZNvs. Q1 2022SEC
Q1 2022Apr 14, 202245$351.1MAAPLISRGAMZNvs. Q4 2021SEC
Q4 2021Feb 7, 202246$346.5MAAPLISRGAMZNvs. Q3 2021SEC
Q3 2021Nov 9, 2021Amended49$349.3MAAPLISRGAMZNvs. Q2 2021SEC
Q2 2021Jul 16, 202147$351.9MAAPLISRGAMZNvs. Q1 2021SEC
Q1 2021Apr 28, 202156$310.8MAAPLAMZNISRG–SEC