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Livermore
Livermore
ZHEN

Hallmark Capital Management Inc

SEC CIK
0000924166
Latest filing
Aug 4, 2026

The latest 13F from Hallmark Capital Management Inc covers Q2 2026 (filed Aug 4, 2026): 344 long positions worth $1.73B. The top 10 holdings make up 26.9% of the portfolio, and the largest is Vanguard Scottsdale FDS at 3.7%. Livermore has 25 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
38
Est. +$63.3M
Added
106
Est. +$53.3M
Reduced
79
Est. −$147.1M
Sold out
10
Est. −$33.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Scottsdale FDS92206C680
    3.7%$64.8M
  2. STXSeagate Technology Holdings plc
    3.2%$55.6MHistory
  3. AAPLApple Inc.
    3.1%$53.4MHistory
  4. DELLDell Technologies Inc.
    2.6%$45.1MHistory
  5. GLWCorning Inc
    2.6%$44.7MHistory

Share of portfolio

Top 5 holdings and the other 339 positions, by share of portfolio value

  1. Vanguard Scottsdale FDS3.7%
  2. STX3.2%
  3. AAPL3.1%
  4. DELL2.6%
  5. GLW2.6%
  6. Other 339 positions84.8%

Biggest buys

New and added positions, by estimated amount bought

  1. INGMIngram Micro Holding Corp
    +$24.1MNewHistory
  2. HONHoneywell International Inc
    +$13.3MNewHistory
  3. HONAHoneywell Aerospace Inc.
    +$13.2MNewHistory
  4. CRMSalesforce, Inc.
    +$8.36MAddedHistory
  5. Global X FDS37954Y673
    +$8.07MAdded

Largest weight increases

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

  1. INGMIngram Micro Holding Corp
    +1.40 pp0.0% → 1.4%History
  2. HONHoneywell International Inc
    +0.77 pp0.0% → 0.8%History
  3. HONAHoneywell Aerospace Inc.
    +0.76 pp0.0% → 0.8%History
  4. iShares Semiconductor ETF464287523
    +0.57 pp0.2% → 0.8%
  5. Global X FDS37954Y673
    +0.47 pp0.1% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GLWCorning Inc
    −$33.6MReducedHistory
  2. DELLDell Technologies Inc.
    −$28.2MReducedHistory
  3. HONHoneywell International Inc
    −$26.4MSold outHistory
  4. CICigna Group
    −$18.3MReducedHistory
  5. Invesco Exchange Traded FD T46137V357
    −$15.8MReduced

Largest weight decreases

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

  1. HONHoneywell International Inc
    −1.70 pp1.7% → 0.0%History
  2. CICigna Group
    −1.14 pp1.2% → <0.1%History
  3. Invesco Exchange Traded FD T46137V357
    −0.92 pp0.9% → <0.1%
  4. XOMExxonMobil Holdings Corp
    −0.40 pp0.4% → 0.0%History
  5. MSMMSC Industrial Direct Co Inc
    −0.27 pp0.3% → <0.1%History

Metrics

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

Portfolio value
$1.73B
+$177.6M (+11.4%) vs. prior quarter
Positions
344
+28 vs. prior quarter
Top 10 concentration
26.9%
Top 10 as share of value
Turnover
7.1%
Q2 2026, one quarter
Average holding period
15.4 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 $1.73B (Q2 2026)

Q1 2021: $1.11BQ2 2021: $1.18BQ3 2021: $1.15BQ4 2021: $1.25BQ1 2022: $1.20BQ2 2022: $1.07BQ3 2022: $1.00BQ4 2022: $1.08BQ1 2023: $1.10BQ2 2023: $1.11BQ3 2023: $1.20BQ4 2023: $1.28BQ1 2024: $1.33BQ2 2024: $1.26BQ3 2024: $1.35BQ4 2024: $1.34BQ1 2025: $1.32BQ2 2025: $1.39BQ3 2025: $1.51BQ4 2025: $1.56BQ1 2026: $1.55BQ2 2026: $1.73B
Q1 2021Q2 2026
13F filings of Hallmark Capital Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 2026344$1.73BVanguard Scottsdale FDSSTXAAPLvs. Q1 2026SEC
Q1 2026May 6, 2026316$1.55BVanguard Scottsdale FDSAAPLGLWvs. Q4 2025SEC
Q4 2025Feb 4, 2026359$1.56BVanguard Scottsdale FDSAAPLAVGOvs. Q3 2025SEC
Q3 2025Nov 3, 2025311$1.51BVanguard Scottsdale FDSAAPLAVGOvs. Q2 2025SEC
Q2 2025Aug 6, 2025305$1.39BVanguard Scottsdale FDSAVGOAAPLvs. Q1 2025SEC
Q1 2025May 7, 2025377$1.32BAAPLVanguard Scottsdale FDSMSFTvs. Q4 2024SEC
Q4 2024Jan 31, 2025403$1.34BAVGOAAPLVanguard Scottsdale FDSvs. Q3 2024SEC
Q3 2024Nov 6, 2024405$1.35BVanguard Scottsdale FDSAAPLAVGOvs. Q2 2024SEC
Q2 2024Aug 8, 2024385$1.26BVanguard Scottsdale FDSAAPLAVGOvs. Q1 2024SEC
Q1 2024May 3, 2024327$1.33BVanguard Scottsdale FDSAVGOAAPLvs. Q4 2023SEC
Q4 2023Feb 7, 2024343$1.28BVanguard Scottsdale FDSAAPLAVGOvs. Q3 2023SEC
Q3 2023Nov 9, 2023369$1.20BAAPLVanguard Scottsdale FDSAVGOvs. Q2 2023SEC
Q2 2023Jul 28, 2023338$1.11BAAPLAVGOMSFTvs. Q1 2023SEC
Q1 2023May 3, 2023358$1.10BAAPLMSFTAVGOvs. Q4 2022SEC
Q4 2022Feb 1, 2023371$1.08BAAPLCVXAVGOvs. Q3 2022SEC
Q3 2022Nov 9, 2022465$1.00BAAPLMSFTVRTXvs. Q2 2022SEC
Q2 2022Nov 16, 2022Amended444$1.07BAAPLMSFTNFGvs. Q1 2022SEC
Q1 2022May 2, 2022185$1.20BAAPLMSFTCVXvs. Q4 2021SEC
Q4 2021Feb 2, 2022191$1.25BAAPLMSFTAVGOvs. Q3 2021SEC
Q3 2021Nov 1, 2021187$1.15BAAPLMSFTCSCOvs. Q2 2021SEC
Q2 2021Aug 3, 2021199$1.18BAAPLMSFTCSCOvs. Q1 2021SEC
Q1 2021Apr 22, 2021164$1.11BAAPLMSFTMCHP–SEC