Skip to main content
Livermore
Livermore
ZHEN

Howland Capital Management LLC

SEC CIK
0001079112
Latest filing
Jul 13, 2026

The latest 13F from Howland Capital Management LLC covers Q2 2026 (filed Jul 13, 2026): 278 long positions worth $2.77B. The top 10 holdings make up 40.2% of the portfolio, and the largest is Vanguard Ftse All-World Ex-US Index Fund at 6.6%. 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
22
Est. +$27.8M
Added
101
Est. +$162.3M
Reduced
108
Est. −$127.8M
Sold out
6
Est. −$3.41M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Ftse All-World Ex-US Index Fund922042775
    6.6%$183.2M
  2. GOOGLAlphabet Inc.
    6.4%$176.6MHistory
  3. AAPLApple Inc.
    5.5%$153.6MHistory
  4. NVDANVIDIA Corp
    4.5%$125.3MHistory
  5. MSFTMicrosoft Corp
    3.7%$102.4MHistory

Share of portfolio

Top 5 holdings and the other 273 positions, by share of portfolio value

  1. Vanguard Ftse All-World Ex-US Index Fund6.6%
  2. GOOGL6.4%
  3. AAPL5.5%
  4. NVDA4.5%
  5. MSFT3.7%
  6. Other 273 positions73.3%

Biggest buys

New and added positions, by estimated amount bought

  1. ORCLOracle Corp
    +$25.2MAddedHistory
  2. TSLATesla, Inc.
    +$21.5MAddedHistory
  3. VISNVistance Networks, Inc.
    +$18.9MAddedHistory
  4. NVDANVIDIA Corp
    +$16.3MAddedHistory
  5. AVGOBroadcom Inc.
    +$12.6MAddedHistory

Largest weight increases

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

  1. ORCLOracle Corp
    +0.91 pp<0.1% → 0.9%History
  2. TSLATesla, Inc.
    +0.78 pp<0.1% → 0.8%History
  3. NVDANVIDIA Corp
    +0.76 pp3.8% → 4.5%History
  4. VISNVistance Networks, Inc.
    +0.66 pp0.1% → 0.7%History
  5. AVGOBroadcom Inc.
    +0.46 pp0.1% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GEGeneral Electric Co
    −$21.8MReducedHistory
  2. GEVGE Vernova Inc.
    −$17.1MReducedHistory
  3. GOOGLAlphabet Inc.
    −$11.4MReducedHistory
  4. NBISNebius Group N.V.
    −$8.59MReducedHistory
  5. BXBlackstone Inc.
    −$7.10MReducedHistory

Largest weight decreases

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

  1. GEGeneral Electric Co
    −0.64 pp0.7% → 0.1%History
  2. GEVGE Vernova Inc.
    −0.49 pp0.5% → 0.1%History
  3. CVXChevron Corp
    −0.44 pp1.4% → 1.0%History
  4. TJXTJX Companies Inc
    −0.44 pp2.7% → 2.2%History
  5. MSFTMicrosoft Corp
    −0.39 pp4.1% → 3.7%History

Metrics

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

Portfolio value
$2.77B
+$242.3M (+9.6%) vs. prior quarter
Positions
278
+16 vs. prior quarter
Top 10 concentration
40.2%
Top 10 as share of value
Turnover
4.9%
Q2 2026, one quarter
Average holding period
19.6 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 $2.77B (Q2 2026)

Q1 2021: $1.79BQ2 2021: $1.93BQ3 2021: $1.90BQ4 2021: $1.97BQ1 2022: $1.86BQ2 2022: $1.63BQ3 2022: $1.56BQ4 2022: $1.62BQ1 2023: $1.66BQ2 2023: $1.74BQ3 2023: $1.71BQ4 2023: $1.89BQ1 2024: $2.07BQ2 2024: $2.09BQ3 2024: $2.31BQ4 2024: $2.28BQ1 2025: $2.24BQ2 2025: $2.45BQ3 2025: $2.62BQ4 2025: $2.63BQ1 2026: $2.53BQ2 2026: $2.77B
Q1 2021Q2 2026
13F filings of Howland Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 13, 2026278$2.77BVanguard Ftse All-World Ex-US Index FundGOOGLAAPLvs. Q1 2026SEC
Q1 2026Apr 14, 2026262$2.53BVanguard Ftse All-World Ex-US Index FundGOOGLAAPLvs. Q4 2025SEC
Q4 2025Feb 13, 2026270$2.63BGOOGLVanguard Ftse All-World Ex-US Index FundAAPLvs. Q3 2025SEC
Q3 2025Oct 29, 2025274$2.62BMSFTGOOGLVanguard Ftse All-World Ex-US Index Fundvs. Q2 2025SEC
Q2 2025Aug 15, 2025272$2.45BMSFTVanguard Ftse All-World Ex-US Index FundGOOGLvs. Q1 2025SEC
Q1 2025May 8, 2025267$2.24BVanguard Ftse All-World Ex-US Index FundMSFTAAPLvs. Q4 2024SEC
Q4 2024Jan 28, 2025283$2.28BVanguard Ftse All-World Ex-US Index FundMSFTGOOGLvs. Q3 2024SEC
Q3 2024Nov 12, 2024277$2.31BVanguard Ftse All-World Ex-US Index FundMSFTAAPLvs. Q2 2024SEC
Q2 2024Aug 12, 2024272$2.09BVanguard Ftse All-World Ex-US Index FundMSFTGOOGLvs. Q1 2024SEC
Q1 2024May 3, 2024263$2.07BVanguard Ftse All-World Ex-US Index FundMSFTGOOGLvs. Q4 2023SEC
Q4 2023Jan 23, 2024249$1.89BVanguard Ftse All-World Ex-US Index FundMSFTGOOGLvs. Q3 2023SEC
Q3 2023Oct 17, 2023244$1.71BVanguard Ftse All-World Ex-US Index FundMSFTGOOGLvs. Q2 2023SEC
Q2 2023Jul 28, 2023262$1.74BVanguard Ftse All-World Ex-US Index FundMSFTAAPLvs. Q1 2023SEC
Q1 2023May 5, 2023264$1.66BVanguard Ftse All-World Ex-US Index FundMSFTBRK.Bvs. Q4 2022SEC
Q4 2022Jan 30, 2023257$1.62BVanguard Ftse All-World Ex-US Index FundMSFTBRK.Bvs. Q3 2022SEC
Q3 2022Oct 17, 2022246$1.56BVanguard Ftse All-World Ex-US Index FundMSFTBRK.Bvs. Q2 2022SEC
Q2 2022Jul 22, 2022245$1.63BVanguard Ftse All-World Ex-US Index FundMSFTBRK.Bvs. Q1 2022SEC
Q1 2022Apr 27, 2022239$1.86BVanguard Ftse All-World Ex-US Index FundMSFTBRK.Bvs. Q4 2021SEC
Q4 2021Jan 26, 2022235$1.97BVanguard Ftse All-World Ex-US Index FundMSFTTMOvs. Q3 2021SEC
Q3 2021Oct 25, 2021Amended238$1.90BVanguard Ftse All-World Ex-US Index FundMSFTDHRvs. Q2 2021SEC
Q2 2021Jul 28, 2021238$1.93BVanguard Ftse All-World Ex-US Index FundMSFTIDXXvs. Q1 2021SEC
Q1 2021Apr 28, 2021234$1.79BVanguard Ftse All-World Ex-US Index FundMSFTIDXX–SEC