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Livermore
Livermore
ZHEN

HM Payson & Co

SEC CIK
0000928052
Latest filing
Jul 17, 2026

The latest 13F from HM Payson & Co covers Q2 2026 (filed Jul 17, 2026): 1,139 long positions worth $7.54B. The top 10 holdings make up 40.3% of the portfolio, and the largest is Apple Inc. (AAPL) at 6.4%. 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
55
Est. +$28.8M
Added
200
Est. +$257.8M
Reduced
268
Est. −$429.1M
Sold out
40
Est. −$26.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    6.4%$481.9MHistory
  2. AVGOBroadcom Inc.
    5.5%$414.8MHistory
  3. GOOGAlphabet Inc.
    5.2%$394.4MHistory
  4. MSFTMicrosoft Corp
    4.7%$353.9MHistory
  5. LRCXLam Research Corp
    4.7%$351.4MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. ETNEaton Corp plc
    +$18.9MAddedHistory
  2. PHParker-Hannifin Corp
    +$17.8MAddedHistory
  3. DEDeere & Co
    +$15.5MAddedHistory
  4. MSMorgan Stanley
    +$13.1MAddedHistory
  5. HONHoneywell International Inc
    +$13.0MNewHistory

Largest weight increases

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

  1. NVDANVIDIA Corp
    +0.31 pp4.3% → 4.6%History
  2. ETNEaton Corp plc
    +0.27 pp0.2% → 0.5%History
  3. PHParker-Hannifin Corp
    +0.24 pp0.3% → 0.6%History
  4. DEDeere & Co
    +0.21 pp0.2% → 0.5%History
  5. Vanguard Ftse Developed Markets ETF921943858
    +0.20 pp1.9% → 2.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core Dividend Growth ETF46434V621
    −$58.9MReduced
  2. CATCaterpillar Inc
    −$56.7MReducedHistory
  3. AONAon plc
    −$29.0MReducedHistory
  4. HONHoneywell International Inc
    −$23.2MSold outHistory
  5. ACNAccenture plc
    −$21.6MReducedHistory

Largest weight decreases

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

  1. iShares Core Dividend Growth ETF46434V621
    −0.80 pp2.0% → 1.2%
  2. ACNAccenture plc
    −0.60 pp0.8% → 0.1%History
  3. LHXL3HARRIS Technologies, Inc.
    −0.43 pp1.9% → 1.4%History
  4. AONAon plc
    −0.42 pp0.6% → 0.2%History
  5. MSFTMicrosoft Corp
    −0.39 pp5.1% → 4.7%History

Metrics

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

Portfolio value
$7.54B
+$611.2M (+8.8%) vs. prior quarter
Positions
1,139
+15 vs. prior quarter
Top 10 concentration
40.3%
Top 10 as share of value
Turnover
4.0%
Q2 2026, one quarter
Average holding period
19.1 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 $7.54B (Q2 2026)

Q1 2021: $3.76BQ2 2021: $4.10BQ3 2021: $4.11BQ4 2021: $4.60BQ1 2022: $4.39BQ2 2022: $3.90BQ3 2022: $3.64BQ4 2022: $4.02BQ1 2023: $4.17BQ2 2023: $4.45BQ3 2023: $4.27BQ4 2023: $4.83BQ1 2024: $5.38BQ2 2024: $5.50BQ3 2024: $5.83BQ4 2024: $5.90BQ1 2025: $5.70BQ2 2025: $6.31BQ3 2025: $6.95BQ4 2025: $7.09BQ1 2026: $6.93BQ2 2026: $7.54B
Q1 2021Q2 2026
13F filings of HM Payson & Co by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 20261,139$7.54BAAPLAVGOGOOGvs. Q1 2026SEC
Q1 2026Apr 13, 20261,124$6.93BAAPLMSFTAVGOvs. Q4 2025SEC
Q4 2025Feb 12, 20261,144$7.09BAAPLMSFTAVGOvs. Q3 2025SEC
Q3 2025Oct 17, 20251,090$6.95BMSFTAAPLAVGOvs. Q2 2025SEC
Q2 2025Oct 17, 2025996$6.31BMSFTAVGOAAPLvs. Q1 2025SEC
Q1 2025Apr 29, 20251,035$5.70BAAPLMSFTAVGOvs. Q4 2024SEC
Q4 2024Feb 7, 20251,033$5.90BAAPLAVGOMSFTvs. Q3 2024SEC
Q3 2024Oct 28, 20241,118$5.83BAAPLMSFTAVGOvs. Q2 2024SEC
Q2 2024Aug 13, 2024994$5.50BAAPLMSFTGOOGvs. Q1 2024SEC
Q1 2024Jun 20, 2024960$5.38BMSFTAAPLGOOGvs. Q4 2023SEC
Q4 2023Feb 13, 2024962$4.83BAAPLMSFTGOOGvs. Q3 2023SEC
Q3 2023Nov 6, 20231,000$4.27BAAPLMSFTGOOGvs. Q2 2023SEC
Q2 2023Jul 17, 2023994$4.45BAAPLMSFTAVGOvs. Q1 2023SEC
Q1 2023Apr 18, 20231,022$4.17BAAPLMSFTGOOGvs. Q4 2022SEC
Q4 2022Feb 6, 2023932$4.02BAAPLMSFTJNJvs. Q3 2022SEC
Q3 2022Oct 25, 20221,003$3.64BAAPLMSFTJNJvs. Q2 2022SEC
Q2 2022Aug 15, 20221,097$3.90BAAPLMSFTJNJvs. Q1 2022SEC
Q1 2022May 12, 20221,075$4.39BAAPLMSFTGOOGvs. Q4 2021SEC
Q4 2021Feb 15, 20221,095$4.60BAAPLMSFTGOOGvs. Q3 2021SEC
Q3 2021Nov 30, 20211,111$4.11BAAPLMSFTGOOGvs. Q2 2021SEC
Q2 2021Aug 17, 20211,116$4.10BAAPLMSFTGOOGvs. Q1 2021SEC
Q1 2021Jun 15, 20211,143$3.76BAAPLMSFTJNJ–SEC