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Livermore
Livermore
ZHEN

D.A. Davidson & Co.

SEC CIK
0001080107
Latest filing
Jul 24, 2026

The latest 13F from D.A. Davidson & Co. covers Q2 2026 (filed Jul 24, 2026): 1,579 long positions worth $18.1B. The top 10 holdings make up 28.9% of the portfolio, and the largest is Vanguard Morningstar Value ETF at 6.9%. 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
84
Est. +$84.0M
Added
724
Est. +$442.2M
Reduced
643
Est. −$556.7M
Sold out
57
Est. −$53.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Value ETF922908744
    6.9%$1.24B
  2. Vanguard Morningstar Growth ETF922908736
    5.2%$941.3M
  3. iShares Core MSCI Total International Stock ETF46432F834
    4.2%$755.3M
  4. iShares Core U.S. Aggregate Bond ETF464287226
    2.9%$524.1M
  5. AAPLApple Inc.
    2.4%$434.3MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Morningstar Value ETF922908744
    +$16.7MAdded
  2. iShares Core MSCI Total International Stock ETF46432F834
    +$14.3MAdded
  3. iShares Core U.S. Aggregate Bond ETF464287226
    +$12.7MAdded
  4. SPCXSpace Exploration Technologies Corp
    +$11.1MNewHistory
  5. HONAHoneywell Aerospace Inc.
    +$8.31MNewHistory

Largest weight increases

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

  1. Vanguard Morningstar Growth ETF922908736
    +0.41 pp4.8% → 5.2%
  2. Vanguard Morningstar Value ETF922908744
    +0.18 pp6.7% → 6.9%
  3. iShares Russell 2000 Growth ETF464287648
    +0.16 pp1.0% → 1.2%
  4. AMDAdvanced Micro Devices Inc
    +0.13 pp0.1% → 0.2%History
  5. iShares Tr464287630
    +0.10 pp1.5% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CMICummins Inc
    −$21.6MReducedHistory
  2. AVGOBroadcom Inc.
    −$19.4MReducedHistory
  3. Invesco QQQ Trust Series I46090E103
    −$15.1MReduced
  4. HONHoneywell International Inc
    −$14.9MSold outHistory
  5. CSCOCisco Systems, Inc.
    −$13.6MReducedHistory

Largest weight decreases

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

  1. COSTCostco Wholesale Corp
    −0.17 pp1.1% → 1.0%History
  2. CVXChevron Corp
    −0.16 pp0.5% → 0.4%History
  3. XOMExxonMobil Holdings Corp
    −0.13 pp0.4% → 0.3%History
  4. PFEPfizer Inc
    −0.13 pp0.5% → 0.4%History
  5. PEPPepsiCo Inc
    −0.13 pp0.5% → 0.4%History

Metrics

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

Portfolio value
$18.1B
+$1.59B (+9.7%) vs. prior quarter
Positions
1,579
+27 vs. prior quarter
Top 10 concentration
28.9%
Top 10 as share of value
Turnover
3.0%
Q2 2026, one quarter
Average holding period
20.1 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 $18.1B (Q2 2026)

Q1 2021: $7.82BQ2 2021: $8.53BQ3 2021: $8.62BQ4 2021: $9.38BQ1 2022: $9.18BQ2 2022: $7.96BQ3 2022: $7.63BQ4 2022: $8.48BQ1 2023: $8.89BQ2 2023: $9.47BQ3 2023: $9.21BQ4 2023: $10.2BQ1 2024: $11.1BQ2 2024: $11.3BQ3 2024: $12.1BQ4 2024: $12.3BQ1 2025: $12.5BQ2 2025: $14.2BQ3 2025: $15.6BQ4 2025: $16.3BQ1 2026: $16.5BQ2 2026: $18.1B
Q1 2021Q2 2026
13F filings of D.A. Davidson & Co. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 20261,579$18.1BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q1 2026SEC
Q1 2026May 5, 20261,552$16.5BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q4 2025SEC
Q4 2025Jan 29, 20261,507$16.3BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q3 2025SEC
Q3 2025Oct 22, 20251,509$15.6BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q2 2025SEC
Q2 2025Jul 30, 20251,430$14.2BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q1 2025SEC
Q1 2025Apr 28, 20251,393$12.5BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q4 2024SEC
Q4 2024Jan 31, 20251,406$12.3BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q3 2024SEC
Q3 2024Nov 13, 20241,368$12.1BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q2 2024SEC
Q2 2024Aug 1, 20241,353$11.3BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q1 2024SEC
Q1 2024May 13, 20241,370$11.1BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q4 2023SEC
Q4 2023Feb 9, 20241,348$10.2BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q3 2023SEC
Q3 2023Nov 8, 20231,314$9.21BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q2 2023SEC
Q2 2023Aug 11, 20231,324$9.47BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q1 2023SEC
Q1 2023Apr 25, 20231,327$8.89BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q4 2022SEC
Q4 2022Feb 3, 20231,301$8.48BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q3 2022SEC
Q3 2022Nov 7, 20221,269$7.63BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q2 2022SEC
Q2 2022Jul 28, 20221,265$7.96BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q1 2022SEC
Q1 2022May 12, 20221,281$9.18BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q4 2021SEC
Q4 2021Jan 31, 20221,264$9.38BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q3 2021SEC
Q3 2021Nov 15, 20211,209$8.62BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q2 2021SEC
Q2 2021Aug 10, 20211,186$8.53BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETFvs. Q1 2021SEC
Q1 2021May 7, 20211,150$7.82BVanguard Morningstar Value ETFVanguard Morningstar Growth ETFiShares Core MSCI Total International Stock ETF–SEC