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Livermore
Livermore
ZHEN

Linscomb & Williams, Inc.

SEC CIK
0001313294
Latest filing
Jul 31, 2026

The latest 13F from Linscomb & Williams, Inc. covers Q2 2026 (filed Jul 31, 2026): 311 long positions worth $2.31B. The top 10 holdings make up 44.7% of the portfolio, and the largest is Vanguard Ftse Developed Markets ETF at 11.5%. 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. +$11.6M
Added
63
Est. +$58.0M
Reduced
197
Est. −$186.1M
Sold out
42
Est. −$35.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Ftse Developed Markets ETF921943858
    11.5%$265.7M
  2. iShares Core S&P 500 ETF464287200
    9.1%$210.2M
  3. Invesco Exchange Traded FD T46137V613
    4.5%$104.3M
  4. iShares Core S&P Mid-Cap ETF464287507
    4.3%$99.6M
  5. iShares MSCI Eafe ETF464287465
    3.8%$86.5M

Biggest buys

New and added positions, by estimated amount bought

  1. Fidelity Merrimack STR Tr316188309
    +$6.91MAdded
  2. Capital Group International14021M107
    +$4.63MAdded
  3. PIMCO ETF Tr72201R585
    +$4.20MAdded
  4. Vanguard Mun BD FDS922907746
    +$4.15MAdded
  5. Vanguard Malvern FDS922020748
    +$3.98MAdded

Largest weight increases

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

  1. Fidelity Merrimack STR Tr316188309
    +0.28 pp0.8% → 1.1%
  2. Capital Group International14021M107
    +0.24 pp0.6% → 0.9%
  3. PANWPalo Alto Networks Inc
    +0.22 pp0.2% → 0.4%History
  4. PIMCO ETF Tr72201R585
    +0.18 pp0.1% → 0.2%
  5. Vanguard Mun BD FDS922907746
    +0.18 pp0.3% → 0.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$45.2MReducedHistory
  2. Vanguard Ftse Developed Markets ETF921943858
    −$12.0MReduced
  3. HONHoneywell International Inc
    −$7.58MSold outHistory
  4. AVGOBroadcom Inc.
    −$6.07MReducedHistory
  5. iShares Core U.S. Aggregate Bond ETF464287226
    −$5.96MReduced

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −3.06 pp5.1% → 2.1%History
  2. HONHoneywell International Inc
    −0.34 pp0.3% → 0.0%History
  3. iShares Core U.S. Aggregate Bond ETF464287226
    −0.27 pp0.3% → <0.1%
  4. CINFCincinnati Financial Corp
    −0.20 pp0.2% → 0.0%History
  5. CVXChevron Corp
    −0.18 pp0.6% → 0.4%History

Metrics

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

Portfolio value
$2.31B
+$60.7M (+2.7%) vs. prior quarter
Positions
311
−24 vs. prior quarter
Top 10 concentration
44.7%
Top 10 as share of value
Turnover
3.1%
Q2 2026, one quarter
Average holding period
19.9 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 $2.38B (Q4 2025)

Q1 2021: $1.84BQ2 2021: $1.95BQ3 2021: $1.94BQ4 2021: $2.09BQ1 2022: $2.09BQ2 2022: $1.74BQ3 2022: $1.65BQ4 2022: $1.97BQ1 2023: $1.91BQ2 2023: $1.85BQ3 2023: $1.71BQ4 2023: $1.82BQ1 2024: $1.94BQ2 2024: $1.93BQ3 2024: $2.02BQ4 2024: $2.01BQ1 2025: $2.01BQ2 2025: $2.18BQ3 2025: $2.32BQ4 2025: $2.38BQ1 2026: $2.25BQ2 2026: $2.31B
Q1 2021Q2 2026
13F filings of Linscomb & Williams, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 2026311$2.31BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFInvesco Exchange Traded FD Tvs. Q1 2026SEC
Q1 2026May 11, 2026335$2.25BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFXOMvs. Q4 2025SEC
Q4 2025Feb 10, 2026305$2.38BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q3 2025SEC
Q3 2025Nov 5, 2025307$2.32BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q2 2025SEC
Q2 2025Aug 4, 2025304$2.18BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q1 2025SEC
Q1 2025May 12, 2025292$2.01BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q4 2024SEC
Q4 2024Feb 5, 2025290$2.01BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q3 2024SEC
Q3 2024Nov 6, 2024288$2.02BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q2 2024SEC
Q2 2024Aug 7, 2024284$1.93BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q1 2024SEC
Q1 2024May 14, 2024285$1.94BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Feb 6, 2024272$1.82BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 10, 2023266$1.71BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Aug 9, 2023271$1.85BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares MSCI Eafe ETFvs. Q1 2023SEC
Q1 2023May 11, 2023284$1.91BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Feb 14, 2023333$1.97BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFXOMvs. Q3 2022SEC
Q3 2022Nov 9, 2022284$1.65BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFWisdomTree Trvs. Q2 2022SEC
Q2 2022Aug 15, 2022285$1.74BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFWisdomTree Trvs. Q1 2022SEC
Q1 2022May 17, 2022341$2.09BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFWisdomTree Trvs. Q4 2021SEC
Q4 2021Feb 10, 2022335$2.09BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q3 2021SEC
Q3 2021Nov 3, 2021331$1.94BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q2 2021SEC
Q2 2021Aug 10, 2021331$1.95BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETFvs. Q1 2021SEC
Q1 2021May 12, 2021327$1.84BVanguard Ftse Developed Markets ETFiShares Core S&P 500 ETFiShares Core S&P Mid-Cap ETF–SEC