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Livermore
Livermore
ZHEN

Smith Chas P & Associates Pa Cpas

SEC CIK
0001082509
Latest filing
Sep 11, 2026

The latest 13F from Smith Chas P & Associates Pa Cpas covers Q2 2026 (filed Sep 11, 2026): 199 long positions worth $1.97B. The top 10 holdings make up 41.4% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 6.1%. 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
26
Est. +$6.82M
Added
29
Est. +$20.3M
Reduced
80
Est. −$45.9M
Sold out
3
Est. −$878.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    6.1%$119.6MHistory
  2. AAPLApple Inc.
    6.0%$119.1MHistory
  3. JPMJPMorgan Chase & Co
    4.8%$94.4MHistory
  4. BRK.BBerkshire Hathaway Inc
    4.0%$79.6MHistory
  5. WMTWalmart Inc.
    4.0%$78.7MHistory

Share of portfolio

Top 5 holdings and the other 194 positions, by share of portfolio value

  1. GOOG6.1%
  2. AAPL6.0%
  3. JPM4.8%
  4. BRK.B4.0%
  5. WMT4.0%
  6. Other 194 positions75.1%

Biggest buys

New and added positions, by estimated amount bought

  1. NVONovo Nordisk A S
    +$7.12MAddedHistory
  2. ADPAutomatic Data Processing Inc
    +$4.01MAddedHistory
  3. iShares Core S&P 500 ETF464287200
    +$3.88MAdded
  4. ACNAccenture plc
    +$1.65MAddedHistory
  5. AMZNAmazon Com Inc
    +$1.11MAddedHistory

Largest weight increases

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

  1. NVONovo Nordisk A S
    +0.71 pp1.6% → 2.3%History
  2. iShares Core S&P 500 ETF464287200
    +0.42 pp3.1% → 3.5%
  3. ADPAutomatic Data Processing Inc
    +0.25 pp1.5% → 1.7%History
  4. AMZNAmazon Com Inc
    +0.20 pp2.2% → 2.4%History
  5. SPYSPDR S&P 500 ETF Trust
    +0.14 pp1.4% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGAlphabet Inc.
    −$12.5MReducedHistory
  2. AAPLApple Inc.
    −$3.49MReducedHistory
  3. JPMJPMorgan Chase & Co
    −$3.10MReducedHistory
  4. WMTWalmart Inc.
    −$3.06MReducedHistory
  5. BRK.BBerkshire Hathaway Inc
    −$1.88MReducedHistory

Largest weight decreases

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

  1. WMTWalmart Inc.
    −0.88 pp4.9% → 4.0%History
  2. LMTLockheed Martin Corp
    −0.71 pp3.0% → 2.3%History
  3. MCDMcDonalds Corp
    −0.55 pp2.9% → 2.4%History
  4. PEPPepsiCo Inc
    −0.41 pp2.2% → 1.8%History
  5. MSFTMicrosoft Corp
    −0.27 pp3.8% → 3.6%History

Metrics

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

Portfolio value
$1.97B
+$129.9M (+7.0%) vs. prior quarter
Positions
199
+23 vs. prior quarter
Top 10 concentration
41.4%
Top 10 as share of value
Turnover
1.4%
Q2 2026, one quarter
Average holding period
18.7 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 $1.97B (Q2 2026)

Q1 2021: $1.07BQ2 2021: $1.28BQ3 2021: $1.34BQ4 2021: $1.47BQ1 2022: $1.32BQ2 2022: $1.39BQ3 2022: $1.18BQ4 2022: $1.41BQ1 2023: $1.47BQ2 2023: $1.56BQ3 2023: $1.37BQ4 2023: $1.52BQ1 2024: $1.66BQ2 2024: $1.69BQ3 2024: $1.77BQ4 2024: $1.74BQ1 2025: $1.72BQ2 2025: $1.78BQ3 2025: $1.15BQ4 2025: $1.90BQ1 2026: $1.84BQ2 2026: $1.97B
Q1 2021Q2 2026
13F filings of Smith Chas P & Associates Pa Cpas by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Sep 11, 2026199$1.97BGOOGAAPLJPMvs. Q1 2026SEC
Q1 2026May 12, 2026176$1.84BAAPLGOOGWMTvs. Q4 2025SEC
Q4 2025Feb 9, 2026174$1.90BGOOGAAPLJPMvs. Q3 2025SEC
Q3 2025Nov 12, 2025127$1.15BAAPLGOOGJPMvs. Q2 2025SEC
Q2 2025Jul 17, 2025166$1.78BMSFTJPMAAPLvs. Q1 2025SEC
Q1 2025May 8, 2025163$1.72BAAPLBRK.BJPMvs. Q4 2024SEC
Q4 2024Jan 21, 2025159$1.74BAAPLMSFTGOOGvs. Q3 2024SEC
Q3 2024Oct 11, 2024156$1.77BAAPLMSFTWMTvs. Q2 2024SEC
Q2 2024Jul 29, 2024144$1.69BAAPLMSFTGOOGvs. Q1 2024SEC
Q1 2024Apr 25, 2024152$1.66BAAPLMSFTHDvs. Q4 2023SEC
Q4 2023Feb 1, 2024141$1.52BAAPLMSFTHDvs. Q3 2023SEC
Q3 2023Nov 2, 2023122$1.37BAAPLMSFTBRK.Bvs. Q2 2023SEC
Q2 2023Jul 31, 2023136$1.56BAAPLMSFTInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023Apr 27, 2023133$1.47BAAPLMSFTInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Jan 12, 2023131$1.41BAAPLHDMSFTvs. Q3 2022SEC
Q3 2022Nov 22, 2022117$1.18BAAPLMSFTHDvs. Q2 2022SEC
Q2 2022Jul 15, 2022128$1.39BAAPLiShares TrMSFTvs. Q1 2022SEC
Q1 2022May 12, 2022128$1.32BAAPLBRK.BMSFTvs. Q4 2021SEC
Q4 2021Feb 7, 2022146$1.47BAAPLiShares TrMSFTvs. Q3 2021SEC
Q3 2021Oct 12, 2021139$1.34BAAPLiShares TrInvesco QQQ Trust Series Ivs. Q2 2021SEC
Q2 2021Jul 23, 2021135$1.28BAAPLiShares TrInvesco QQQ Trust Series Ivs. Q1 2021SEC
Q1 2021May 11, 2021115$1.07BAAPLInvesco QQQ Trust Series IJPM–SEC