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Livermore
Livermore
ZHEN

Pacific Heights Asset Management LLC

SEC CIK
0001323414
Latest filing
Aug 17, 2026

The latest 13F from Pacific Heights Asset Management LLC covers Q2 2026 (filed Aug 17, 2026): 77 long positions worth $3.16B. The top 10 holdings make up 42.1% of the portfolio, and the largest is Texas Pacific Land Corp (TPL) at 8.2%. 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
1
Est. +$6.42M
Added
30
Est. +$68.9M
Reduced
4
Est. −$21.4M
Sold out
1
Est. −$11.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. TPLTexas Pacific Land Corp
    8.2%$258.2MHistory
  2. NVDANVIDIA Corp
    5.5%$175.1MHistory
  3. FCXFreeport-McMoran Inc
    5.3%$166.7MHistory
  4. PLTRPalantir Technologies Inc.
    5.3%$166.3MHistory
  5. METAMeta Platforms, Inc.
    4.1%$129.6MHistory

Share of portfolio

Top 5 holdings and the other 72 positions, by share of portfolio value

  1. TPL8.2%
  2. NVDA5.5%
  3. FCX5.3%
  4. PLTR5.3%
  5. META4.1%
  6. Other 72 positions71.6%

Biggest buys

New and added positions, by estimated amount bought

  1. PLTRPalantir Technologies Inc.
    +$7.58MAddedHistory
  2. FDXFFedEx Freight Holding Company, Inc.
    +$6.42MNewHistory
  3. LMTLockheed Martin Corp
    +$5.09MAddedHistory
  4. CVXChevron Corp
    +$4.14MAddedHistory
  5. WYWeyerhaeuser Co
    +$3.59MAddedHistory

Largest weight increases

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

  1. MSMorgan Stanley
    +0.34 pp1.5% → 1.9%History
  2. FDXFFedEx Freight Holding Company, Inc.
    +0.20 pp0.0% → 0.2%History
  3. BXPBXP, Inc.
    +0.20 pp0.4% → 0.6%History
  4. VNOVornado Realty Trust
    +0.19 pp0.3% → 0.5%History
  5. OUTOUTFRONT Media Inc.
    +0.18 pp0.8% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TPLTexas Pacific Land Corp
    −$13.1MReducedHistory
  2. LULUlululemon athletica inc.
    −$11.5MSold outHistory
  3. VVisa Inc.
    −$3.43MReducedHistory
  4. COSTCostco Wholesale Corp
    −$2.81MReducedHistory
  5. AFRMAffirm Holdings, Inc.
    −$2.04MReducedHistory

Largest weight decreases

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

  1. TPLTexas Pacific Land Corp
    −1.67 pp9.8% → 8.2%History
  2. LULUlululemon athletica inc.
    −0.38 pp0.4% → 0.0%History
  3. COSTCostco Wholesale Corp
    −0.36 pp2.4% → 2.1%History
  4. VVisa Inc.
    −0.03 pp1.1% → 1.1%History

Metrics

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

Portfolio value
$3.16B
+$169.9M (+5.7%) vs. prior quarter
Positions
77
0 vs. prior quarter
Top 10 concentration
42.1%
Top 10 as share of value
Turnover
1.1%
Q2 2026, one quarter
Average holding period
19.4 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 $3.16B (Q2 2026)

Q1 2021: $1.09BQ2 2021: $1.09BQ3 2021: $1.05BQ4 2021: $1.19BQ1 2022: $1.17BQ2 2022: $983.1MQ3 2022: $941.3MQ4 2022: $1.03BQ1 2023: $1.06BQ2 2023: $1.10BQ3 2023: $1.06BQ4 2023: $1.17BQ1 2024: $1.22BQ2 2024: $1.27BQ3 2024: $1.35BQ4 2024: $1.45BQ1 2025: $1.47BQ2 2025: $1.88BQ3 2025: $2.26BQ4 2025: $2.67BQ1 2026: $2.99BQ2 2026: $3.16B
Q1 2021Q2 2026
13F filings of Pacific Heights Asset Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 17, 202677$3.16BTPLNVDAFCXvs. Q1 2026SEC
Q1 2026May 8, 202677$2.99BTPLPLTRFCXvs. Q4 2025SEC
Q4 2025Feb 5, 202679$2.67BPLTRTPLNVDAvs. Q3 2025SEC
Q3 2025Oct 29, 202579$2.26BPLTRTPLNVDAvs. Q2 2025SEC
Q2 2025Jul 30, 202578$1.88BPLTRTPLNVDAvs. Q1 2025SEC
Q1 2025Apr 29, 202572$1.47BTPLPLTRMETAvs. Q4 2024SEC
Q4 2024Feb 7, 202571$1.45BTPLOVVNTRvs. Q3 2024SEC
Q3 2024Oct 28, 202471$1.35BTPLFCXNVDAvs. Q2 2024SEC
Q2 2024Aug 7, 202472$1.27BTPLNVDAFCXvs. Q1 2024SEC
Q1 2024Apr 26, 202472$1.22BFCXTPLNVDAvs. Q4 2023SEC
Q4 2023Feb 12, 202474$1.17BFCXTPLNVDAvs. Q3 2023SEC
Q3 2023Nov 13, 202374$1.06BTPLFCXNVDAvs. Q2 2023SEC
Q2 2023Jul 21, 202374$1.10BFCXTPLNVDAvs. Q1 2023SEC
Q1 2023May 4, 202377$1.06BTPLFCXNVDAvs. Q4 2022SEC
Q4 2022Feb 10, 202377$1.03BTPLFCXLMTvs. Q3 2022SEC
Q3 2022Nov 10, 202281$941.3MTPLFCXLMTvs. Q2 2022SEC
Q2 2022Jul 26, 202283$983.1MTPLFCXLMTvs. Q1 2022SEC
Q1 2022Apr 21, 202282$1.17BFCXTPLNVDAvs. Q4 2021SEC
Q4 2021Feb 14, 202281$1.19BFCXTPLMETAvs. Q3 2021SEC
Q3 2021Nov 1, 202181$1.05BFCXTPLMETAvs. Q2 2021SEC
Q2 2021Jul 23, 202180$1.09BFCXTPLTWLOvs. Q1 2021SEC
Q1 2021Apr 30, 202180$1.09BFCXTPLTWLO–SEC