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Livermore
Livermore
ZHEN

Davidson Trust Co

SEC CIK
0001133119
Latest filing
Jul 29, 2026

The latest 13F from Davidson Trust Co covers Q2 2026 (filed Jul 29, 2026): 190 long positions worth $256.3M. The top 10 holdings make up 31.0% of the portfolio, and the largest is Apple Inc. (AAPL) at 6.4%. 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
18
Est. +$5.23M
Added
67
Est. +$5.52M
Reduced
65
Est. −$4.26M
Sold out
4
Est. −$2.19M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    6.4%$16.3MHistory
  2. MSFTMicrosoft Corp
    5.8%$14.9MHistory
  3. ABBVAbbVie Inc.
    3.3%$8.53MHistory
  4. Vanguard Morningstar Value ETF922908744
    2.6%$6.78M
  5. Vanguard Morningstar Growth ETF922908736
    2.5%$6.47M

Share of portfolio

Top 5 holdings and the other 185 positions, by share of portfolio value

  1. AAPL6.4%
  2. MSFT5.8%
  3. ABBV3.3%
  4. Vanguard Morningstar Value ETF2.6%
  5. Vanguard Morningstar Growth ETF2.5%
  6. Other 185 positions79.3%

Biggest buys

New and added positions, by estimated amount bought

  1. AVGOBroadcom Inc.
    +$1.08MAddedHistory
  2. HONHoneywell International Inc
    +$774.8KNewHistory
  3. HONAHoneywell Aerospace Inc.
    +$765.0KNewHistory
  4. Vanguard Morningstar Value ETF922908744
    +$442.0KAdded
  5. METAMeta Platforms, Inc.
    +$428.7KAddedHistory

Largest weight increases

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

  1. AVGOBroadcom Inc.
    +0.48 pp0.5% → 1.0%History
  2. HONHoneywell International Inc
    +0.30 pp0.0% → 0.3%History
  3. HONAHoneywell Aerospace Inc.
    +0.30 pp0.0% → 0.3%History
  4. GOOGAlphabet Inc.
    +0.22 pp1.8% → 2.0%History
  5. Vanguard Morningstar Growth ETF922908736
    +0.22 pp2.3% → 2.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$1.54MSold outHistory
  2. ABBVAbbVie Inc.
    −$620.0KReducedHistory
  3. Vanguard High Dividend Yield Index ETF921946406
    −$299.3KReduced
  4. PFEPfizer Inc
    −$282.3KReducedHistory
  5. CMCSAComcast Corp
    −$237.6KSold outHistory

Largest weight decreases

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

  1. HONHoneywell International Inc
    −0.67 pp0.7% → 0.0%History
  2. XOMExxonMobil Holdings Corp
    −0.58 pp1.9% → 1.3%History
  3. ABTAbbott Laboratories
    −0.46 pp2.1% → 1.6%History
  4. COSTCostco Wholesale Corp
    −0.37 pp2.0% → 1.6%History
  5. PFEPfizer Inc
    −0.26 pp0.7% → 0.4%History

Metrics

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

Portfolio value
$256.3M
+$24.4M (+10.5%) vs. prior quarter
Positions
190
+14 vs. prior quarter
Top 10 concentration
31.0%
Top 10 as share of value
Turnover
2.6%
Q2 2026, one quarter
Average holding period
18.2 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 $256.3M (Q2 2026)

Q1 2021: $119.1MQ2 2021: $128.3MQ3 2021: $131.0MQ4 2021: $145.6MQ1 2022: $134.5MQ2 2022: $112.2MQ3 2022: $104.1MQ4 2022: $113.1MQ1 2023: $129.9MQ2 2023: $138.3MQ3 2023: $134.8MQ4 2023: $155.1MQ1 2024: $171.6MQ2 2024: $145.1MQ3 2024: $194.6MQ4 2024: $194.3MQ1 2025: $209.7MQ2 2025: $216.7MQ3 2025: $242.2MQ4 2025: $239.8MQ1 2026: $232.0MQ2 2026: $256.3M
Q1 2021Q2 2026
13F filings of Davidson Trust Co by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026190$256.3MAAPLMSFTABBVvs. Q1 2026SEC
Q1 2026Apr 20, 2026176$232.0MMSFTAAPLABBVvs. Q4 2025SEC
Q4 2025Jan 27, 2026172$239.8MMSFTAAPLABBVvs. Q3 2025SEC
Q3 2025Oct 20, 2025174$242.2MMSFTAAPLABBVvs. Q2 2025SEC
Q2 2025Jul 28, 2025160$216.7MMSFTAAPLABBVvs. Q1 2025SEC
Q1 2025Apr 29, 2025162$209.7MMSFTAAPLABBVvs. Q4 2024SEC
Q4 2024Jan 31, 2025157$194.3MMSFTAAPLABBVvs. Q3 2024SEC
Q3 2024Nov 13, 2024156$194.6MMSFTAAPLABBVvs. Q2 2024SEC
Q2 2024Jul 31, 2024141$145.1MMSFTAAPLCVXvs. Q1 2024SEC
Q1 2024May 13, 2024143$171.6MMSFTAAPLABBVvs. Q4 2023SEC
Q4 2023Jan 31, 2024134$155.1MMSFTAAPLABBVvs. Q3 2023SEC
Q3 2023Nov 9, 2023126$134.8MMSFTAAPLABBVvs. Q2 2023SEC
Q2 2023Aug 10, 2023124$138.3MMSFTAAPLABBVvs. Q1 2023SEC
Q1 2023Apr 24, 2023120$129.9MMSFTAAPLABBVvs. Q4 2022SEC
Q4 2022Feb 15, 2023109$113.1MMSFTABBVAAPLvs. Q3 2022SEC
Q3 2022Nov 7, 2022104$104.1MMSFTAAPLABBVvs. Q2 2022SEC
Q2 2022Jul 27, 2022107$112.2MMSFTAAPLABBVvs. Q1 2022SEC
Q1 2022May 12, 2022124$134.5MAAPLMSFTABBVvs. Q4 2021SEC
Q4 2021Jan 28, 2022125$145.6MAAPLMSFTABBVvs. Q3 2021SEC
Q3 2021Nov 3, 2021123$131.0MMSFTAAPLABBVvs. Q2 2021SEC
Q2 2021Aug 10, 2021112$128.3MMSFTAAPLABBVvs. Q1 2021SEC
Q1 2021May 7, 2021119$119.1MAAPLMSFTABBV–SEC