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Livermore
Livermore
ZHEN

Vaughan David Investments LLC

SEC CIK
0001063571
Latest filing
Aug 11, 2026

The latest 13F from Vaughan David Investments LLC covers Q2 2026 (filed Aug 11, 2026): 245 long positions worth $5.02B. The top 10 holdings make up 22.0% of the portfolio, and the largest is Lam Research Corp (LRCX) at 4.3%. 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
16
Est. +$103.2M
Added
90
Est. +$93.3M
Reduced
96
Est. −$146.6M
Sold out
5
Est. −$56.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. LRCXLam Research Corp
    4.3%$216.2MHistory
  2. AVGOBroadcom Inc.
    2.9%$146.9MHistory
  3. JPMJPMorgan Chase & Co
    2.1%$108.0MHistory
  4. MSFTMicrosoft Corp
    2.1%$104.7MHistory
  5. CSCOCisco Systems, Inc.
    2.1%$104.6MHistory

Share of portfolio

Top 5 holdings and the other 240 positions, by share of portfolio value

  1. LRCX4.3%
  2. AVGO2.9%
  3. JPM2.1%
  4. MSFT2.1%
  5. CSCO2.1%
  6. Other 240 positions86.5%

Biggest buys

New and added positions, by estimated amount bought

  1. HBANHuntington Bancshares Inc
    +$44.4MNewHistory
  2. DRIDarden Restaurants Inc
    +$38.8MAddedHistory
  3. HONHoneywell International Inc
    +$27.9MNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$27.5MNewHistory
  5. MSIMotorola Solutions, Inc.
    +$4.78MAddedHistory

Largest weight increases

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

  1. HBANHuntington Bancshares Inc
    +0.88 pp0.0% → 0.9%History
  2. DRIDarden Restaurants Inc
    +0.77 pp<0.1% → 0.8%History
  3. HONHoneywell International Inc
    +0.55 pp0.0% → 0.6%History
  4. HONAHoneywell Aerospace Inc.
    +0.55 pp0.0% → 0.5%History
  5. UNHUnitedHealth Group Inc
    +0.40 pp0.9% → 1.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$55.7MSold outHistory
  2. RFRegions Financial Corp
    −$49.1MReducedHistory
  3. TGTTarget Corp
    −$34.0MReducedHistory
  4. ZTSZoetis Inc.
    −$15.3MReducedHistory
  5. LRCXLam Research Corp
    −$14.3MReducedHistory

Largest weight decreases

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

  1. HONHoneywell International Inc
    −1.18 pp1.2% → 0.0%History
  2. RFRegions Financial Corp
    −0.87 pp1.2% → 0.4%History
  3. TGTTarget Corp
    −0.66 pp0.8% → 0.1%History
  4. ZTSZoetis Inc.
    −0.56 pp0.6% → <0.1%History
  5. COPConocoPhillips
    −0.38 pp1.5% → 1.1%History

Metrics

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

Portfolio value
$5.02B
+$292.5M (+6.2%) vs. prior quarter
Positions
245
+11 vs. prior quarter
Top 10 concentration
22.0%
Top 10 as share of value
Turnover
4.0%
Q2 2026, one quarter
Average holding period
18.1 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 $5.02B (Q2 2026)

Q1 2021: $3.16BQ2 2021: $3.20BQ3 2021: $3.13BQ4 2021: $3.42BQ1 2022: $3.39BQ2 2022: $3.13BQ3 2022: $2.99BQ4 2022: $3.36BQ1 2023: $3.30BQ2 2023: $3.42BQ3 2023: $3.30BQ4 2023: $3.65BQ1 2024: $4.02BQ2 2024: $3.95BQ3 2024: $4.35BQ4 2024: $4.23BQ1 2025: $4.27BQ2 2025: $4.47BQ3 2025: $4.64BQ4 2025: $4.60BQ1 2026: $4.73BQ2 2026: $5.02B
Q1 2021Q2 2026
13F filings of Vaughan David Investments LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026245$5.02BLRCXAVGOJPMvs. Q1 2026SEC
Q1 2026May 12, 2026234$4.73BAVGOLRCXMSFTvs. Q4 2025SEC
Q4 2025Feb 12, 2026225$4.60BAVGOMSFTJPMvs. Q3 2025SEC
Q3 2025Oct 29, 2025227$4.64BAVGOMSFTORCLvs. Q2 2025SEC
Q2 2025Jul 31, 2025231$4.47BMSFTAVGOORCLvs. Q1 2025SEC
Q1 2025May 13, 2025215$4.27BMSFTAVGOJPMvs. Q4 2024SEC
Q4 2024Feb 4, 2025213$4.23BMSFTAVGOORCLvs. Q3 2024SEC
Q3 2024Nov 4, 2024217$4.35BMSFTAVGOORCLvs. Q2 2024SEC
Q2 2024Aug 7, 2024210$3.95BMSFTAVGOORCLvs. Q1 2024SEC
Q1 2024May 13, 2024220$4.02BMSFTAVGOJPMvs. Q4 2023SEC
Q4 2023Jan 29, 2024203$3.65BMSFTUNHAVGOvs. Q3 2023SEC
Q3 2023Nov 7, 2023199$3.30BMSFTUNHDEvs. Q2 2023SEC
Q2 2023Aug 2, 2023202$3.42BMSFTORCLDEvs. Q1 2023SEC
Q1 2023May 2, 2023199$3.30BMSFTDEUNHvs. Q4 2022SEC
Q4 2022Feb 7, 2023199$3.36BMSFTUNHDEvs. Q3 2022SEC
Q3 2022Nov 14, 2022191$2.99BMSFTUNHDEvs. Q2 2022SEC
Q2 2022Aug 11, 2022187$3.13BMSFTUNHABBVvs. Q1 2022SEC
Q1 2022May 9, 2022194$3.39BMSFTUNHDEvs. Q4 2021SEC
Q4 2021Feb 10, 2022203$3.42BMSFTUNHQCOMvs. Q3 2021SEC
Q3 2021Nov 4, 2021186$3.13BMSFTDETGTvs. Q2 2021SEC
Q2 2021Aug 11, 2021197$3.20BMSFTTGTDEvs. Q1 2021SEC
Q1 2021May 14, 2021194$3.16BRLIMSFTDE–SEC