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Livermore
Livermore
ZHEN

Boyd Watterson Asset Management LLC

SEC CIK
0001121477
Latest filing
Aug 7, 2026

The latest 13F from Boyd Watterson Asset Management LLC covers Q2 2026 (filed Aug 7, 2026): 394 long positions worth $371.2M. The top 10 holdings make up 39.1% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 7.1%. Livermore has 35 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
12
Est. +$11.2M
Added
39
Est. +$5.92M
Reduced
67
Est. −$7.14M
Sold out
8
Est. −$8.64M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    7.1%$26.3MHistory
  2. GOOGLAlphabet Inc.
    5.4%$19.9MHistory
  3. MSFTMicrosoft Corp
    5.0%$18.5MHistory
  4. AVGOBroadcom Inc.
    4.6%$17.0MHistory
  5. JPMJPMorgan Chase & Co
    3.2%$11.9MHistory

Share of portfolio

Top 5 holdings and the other 389 positions, by share of portfolio value

  1. SPY7.1%
  2. GOOGL5.4%
  3. MSFT5.0%
  4. AVGO4.6%
  5. JPM3.2%
  6. Other 389 positions74.8%

Biggest buys

New and added positions, by estimated amount bought

  1. HONHoneywell International Inc
    +$4.18MNewHistory
  2. HONAHoneywell Aerospace Inc.
    +$4.13MNewHistory
  3. iShares Tr46435U853
    +$1.46MAdded
  4. DEDeere & Co
    +$1.27MNewHistory
  5. COSTCostco Wholesale Corp
    +$1.03MNewHistory

Largest weight increases

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

  1. HONHoneywell International Inc
    +1.13 pp0.0% → 1.1%History
  2. HONAHoneywell Aerospace Inc.
    +1.11 pp0.0% → 1.1%History
  3. AMDAdvanced Micro Devices Inc
    +0.99 pp0.7% → 1.7%History
  4. CRWDCrowdStrike Holdings, Inc.
    +0.76 pp1.1% → 1.8%History
  5. QCOMQualcomm Inc
    +0.38 pp0.7% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$8.30MSold outHistory
  2. PGProcter & Gamble Co
    −$1.72MReducedHistory
  3. CRMSalesforce, Inc.
    −$765.9KReducedHistory
  4. MRSHMarsh & McLennan Companies, Inc.
    −$735.5KReducedHistory
  5. SPYSPDR S&P 500 ETF Trust
    −$565.3KReducedHistory

Largest weight decreases

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

  1. HONHoneywell International Inc
    −2.55 pp2.5% → 0.0%History
  2. XOMExxonMobil Holdings Corp
    −0.73 pp2.4% → 1.7%History
  3. PGProcter & Gamble Co
    −0.57 pp1.0% → 0.4%History
  4. CRMSalesforce, Inc.
    −0.39 pp0.7% → 0.3%History
  5. CVXChevron Corp
    −0.34 pp1.1% → 0.8%History

Metrics

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

Portfolio value
$371.2M
+$45.6M (+14.0%) vs. prior quarter
Positions
394
+4 vs. prior quarter
Top 10 concentration
39.1%
Top 10 as share of value
Turnover
4.5%
Q2 2026, one quarter
Average holding period
20.2 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 $371.2M (Q2 2026)

Q1 2021: $229.0MQ2 2021: $247.9MQ3 2021: $271.3MQ4 2021: $300.7MQ1 2022: $274.1MQ2 2022: $234.5MQ3 2022: $220.1MQ4 2022: $242.6MQ1 2023: $245.8MQ2 2023: $251.3MQ3 2023: $228.8MQ4 2023: $253.1MQ1 2024: $279.0MQ2 2024: $350.1MQ3 2024: $365.0MQ4 2024: $359.7MQ1 2025: $312.8MQ2 2025: $317.7MQ3 2025: $335.8MQ4 2025: $346.4MQ1 2026: $325.6MQ2 2026: $371.2M
Q1 2021Q2 2026
13F filings of Boyd Watterson Asset Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 2026394$371.2MSPYGOOGLMSFTvs. Q1 2026SEC
Q1 2026Apr 27, 2026390$325.6MSPYMSFTGOOGLvs. Q4 2025SEC
Q4 2025Feb 4, 2026421$346.4MSPYMSFTGOOGLvs. Q3 2025SEC
Q3 2025Nov 5, 2025418$335.8MMSFTSPYAVGOvs. Q2 2025SEC
Q2 2025Aug 1, 2025425$317.7MMSFTSPYAVGOvs. Q1 2025SEC
Q1 2025May 6, 2025429$312.8MSPYMSFTiShares Trvs. Q4 2024SEC
Q4 2024Feb 3, 2025434$359.7MiShares TrSPYMSFTvs. Q3 2024SEC
Q3 2024Oct 22, 2024438$365.0MiShares TriShares TrSPYvs. Q2 2024SEC
Q2 2024Aug 14, 2024441$350.1MiShares TriShares TrMSFTvs. Q1 2024SEC
Q1 2024Aug 14, 2024Amended440$279.0MSPYMSFTLLYvs. Q4 2023SECSEC
Q4 2023Aug 14, 2024Amended423$253.1MSPYMSFTAVGOvs. Q3 2023SECSEC
Q3 2023Aug 14, 2024Amended421$228.8MSPYMSFTGOOGLvs. Q2 2023SECSEC
Q2 2023Aug 14, 2024Amended422$251.3MSPYMSFTiShares Trvs. Q1 2023SECSEC
Q1 2023Aug 14, 2024Amended421$245.8MSPYMSFTiShares Trvs. Q4 2022SECSEC
Q4 2022Aug 14, 2024Amended424$242.6MSPYiShares TrMSFTvs. Q3 2022SECSEC
Q3 2022Aug 14, 2024Amended130$220.1MiShares TrSPYiShares Core U.S. Aggregate Bond ETFvs. Q2 2022SECSEC
Q2 2022Aug 14, 2024Amended135$234.5MiShares TrSPYMSFTvs. Q1 2022SECSEC
Q1 2022Aug 14, 2024Amended150$274.1MiShares Core U.S. Aggregate Bond ETFSPYMSFTvs. Q4 2021SECSEC
Q4 2021Aug 14, 2024Amended146$300.7MSPYBRK.BMSFTvs. Q3 2021SECSEC
Q3 2021Aug 14, 2024Amended147$271.3MSPYBRK.BMSFTvs. Q2 2021SECSEC
Q2 2021Aug 14, 2024Amended146$247.9MSPYMSFTMDYvs. Q1 2021SECSEC
Q1 2021Aug 14, 2024Amended143$229.0MSPYMSFTMDY–SECSEC