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Livermore
Livermore
ZHEN

Axiom Investors LLC

SEC CIK
0001109147
Latest filing
Aug 12, 2026

The latest 13F from Axiom Investors LLC covers Q2 2026 (filed Aug 12, 2026): 133 long positions worth $11.6B. The top 10 holdings make up 62.8% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 11.3%. Livermore has 24 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
29
Est. +$1.39B
Added
37
Est. +$1.51B
Reduced
66
Est. −$2.01B
Sold out
17
Est. −$371.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    11.3%$1.31BHistory
  2. GOOGLAlphabet Inc.
    9.9%$1.14BHistory
  3. ASMLASML Holding NV
    7.5%$864.9MHistory
  4. MUMicron Technology Inc
    5.9%$680.0MHistory
  5. AMZNAmazon Com Inc
    5.7%$655.7MHistory

Share of portfolio

Top 5 holdings and the other 128 positions, by share of portfolio value

  1. NVDA11.3%
  2. GOOGL9.9%
  3. ASML7.5%
  4. MU5.9%
  5. AMZN5.7%
  6. Other 128 positions59.7%

Biggest buys

New and added positions, by estimated amount bought

  1. AMDAdvanced Micro Devices Inc
    +$510.8MNewHistory
  2. MUMicron Technology Inc
    +$451.2MAddedHistory
  3. LITELumentum Holdings Inc.
    +$347.3MAddedHistory
  4. GEVGE Vernova Inc.
    +$155.6MAddedHistory
  5. TSEMTower Semiconductor Ltd
    +$136.5MNewHistory

Largest weight increases

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

  1. MUMicron Technology Inc
    +5.14 pp0.7% → 5.9%History
  2. AMDAdvanced Micro Devices Inc
    +4.42 pp0.0% → 4.4%History
  3. LITELumentum Holdings Inc.
    +3.00 pp<0.1% → 3.0%History
  4. ASMLASML Holding NV
    +1.91 pp5.6% → 7.5%History
  5. GEVGE Vernova Inc.
    +1.47 pp2.7% → 4.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. APHAmphenol Corp
    −$684.8MReducedHistory
  2. JPMJPMorgan Chase & Co
    −$420.5MReducedHistory
  3. MSFTMicrosoft Corp
    −$137.3MSold outHistory
  4. NVDANVIDIA Corp
    −$120.5MReducedHistory
  5. GOOGLAlphabet Inc.
    −$117.4MReducedHistory

Largest weight decreases

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

  1. APHAmphenol Corp
    −5.42 pp6.0% → 0.6%History
  2. JPMJPMorgan Chase & Co
    −4.90 pp9.3% → 4.5%History
  3. NVDANVIDIA Corp
    −2.54 pp13.9% → 11.3%History
  4. MSFTMicrosoft Corp
    −1.53 pp1.5% → 0.0%History
  5. GOOGLAlphabet Inc.
    −1.40 pp11.3% → 9.9%History

Metrics

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

Portfolio value
$11.6B
+$2.57B (+28.6%) vs. prior quarter
Positions
133
+12 vs. prior quarter
Top 10 concentration
62.8%
Top 10 as share of value
Turnover
23.2%
Q2 2026, one quarter
Average holding period
10.3 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 $13.6B (Q3 2025)

Q1 2021: $5.53BQ2 2021: $6.22BQ3 2021: $6.06BQ4 2021: $5.44BQ1 2022: $4.23BQ2 2022: $3.33BQ3 2022: $4.77BQ4 2022: $5.08BQ1 2023: $6.07BQ2 2023: $6.72BQ3 2023: $6.95BQ4 2023: $10.2BQ1 2024: $11.1BQ2 2024: $11.5BQ3 2024: $11.4BQ4 2024: $13.6BQ1 2025: $10.4BQ2 2025: $12.2BQ3 2025: $13.6BQ4 2025: $11.4BQ1 2026: $8.99BQ2 2026: $11.6B
Q1 2021Q2 2026
13F filings of Axiom Investors LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 2026133$11.6BNVDAGOOGLASMLvs. Q1 2026SEC
Q1 2026May 14, 2026121$8.99BNVDAGOOGLJPMvs. Q4 2025SEC
Q4 2025Feb 11, 2026117$11.4BNVDAMSFTGOOGLvs. Q3 2025SEC
Q3 2025Nov 14, 2025128$13.6BNVDAMSFTMETAvs. Q2 2025SEC
Q2 2025Aug 7, 2025138$12.2BMSFTNVDANFLXvs. Q1 2025SEC
Q1 2025May 16, 2025Amended136$10.4BMETANFLXAMZNvs. Q4 2024SEC
Q4 2024Feb 12, 2025134$13.6BNVDAMETAAMZNvs. Q3 2024SEC
Q3 2024Nov 12, 2024127$11.4BNVDAMSFTMETAvs. Q2 2024SEC
Q2 2024Aug 13, 2024128$11.5BNVDAMSFTAMZNvs. Q1 2024SEC
Q1 2024May 13, 2024137$11.1BNVDAMSFTAMZNvs. Q4 2023SEC
Q4 2023Feb 12, 2024134$10.2BNVDAMSFTAMZNvs. Q3 2023SEC
Q3 2023Nov 13, 2023132$6.95BNVDAMSFTNOWvs. Q2 2023SEC
Q2 2023Aug 10, 2023129$6.72BNVDAMSFTNOWvs. Q1 2023SEC
Q1 2023May 12, 2023130$6.07BMSFTMELINVDAvs. Q4 2022SEC
Q4 2022Feb 9, 2023121$5.08BMSFTBIDUITvs. Q3 2022SEC
Q3 2022Nov 10, 2022118$4.77BMSFTCOSTLLYvs. Q2 2022SEC
Q2 2022Aug 11, 2022115$3.33BMSFTTSMDHRvs. Q1 2022SEC
Q1 2022May 13, 2022113$4.23BTSMMSFTGOOGLvs. Q4 2021SEC
Q4 2021Feb 11, 2022117$5.44BTSMMSFTNOWvs. Q3 2021SEC
Q3 2021Nov 12, 2021120$6.06BTSMMSFTSEvs. Q2 2021SEC
Q2 2021Aug 16, 2021Amended122$6.22BTSMMSFTBABAvs. Q1 2021SEC
Q1 2021May 14, 2021131$5.53BTSMBABAMSFT–SEC