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Livermore
Livermore
ZHEN

Advisors Capital Management, LLC

SEC CIK
0001345576
Latest filing
Aug 11, 2026

The latest 13F from Advisors Capital Management, LLC covers Q2 2026 (filed Aug 11, 2026): 634 long positions worth $9.45B. The top 10 holdings make up 21.1% of the portfolio, and the largest is Apple Inc. (AAPL) at 3.2%. 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
86
Est. +$191.6M
Added
325
Est. +$423.2M
Reduced
192
Est. −$466.6M
Sold out
18
Est. −$136.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    3.2%$304.5MHistory
  2. AVGOBroadcom Inc.
    3.0%$287.0MHistory
  3. NVDANVIDIA Corp
    2.7%$254.4MHistory
  4. MSFTMicrosoft Corp
    2.5%$235.8MHistory
  5. CSCOCisco Systems, Inc.
    1.9%$182.9MHistory

Share of portfolio

Top 5 holdings and the other 629 positions, by share of portfolio value

  1. AAPL3.2%
  2. AVGO3.0%
  3. NVDA2.7%
  4. MSFT2.5%
  5. CSCO1.9%
  6. Other 629 positions86.6%

Biggest buys

New and added positions, by estimated amount bought

  1. ORCLOracle Corp
    +$40.7MAddedHistory
  2. LLYEli Lilly & Co
    +$34.8MAddedHistory
  3. HBANHuntington Bancshares Inc
    +$29.7MNewHistory
  4. ORCL.PDOracle Corp
    +$29.4MNewHistory
  5. KMBKimberly Clark Corp
    +$27.2MNewHistory

Largest weight increases

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

  1. PANWPalo Alto Networks Inc
    +0.65 pp0.7% → 1.3%History
  2. LLYEli Lilly & Co
    +0.39 pp0.1% → 0.5%History
  3. ORCLOracle Corp
    +0.38 pp0.5% → 0.9%History
  4. HBANHuntington Bancshares Inc
    +0.31 pp0.0% → 0.3%History
  5. ORCL.PDOracle Corp
    +0.31 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$79.4MSold outHistory
  2. STXSeagate Technology Holdings plc
    −$49.3MReducedHistory
  3. MTBM&T Bank Corp
    −$47.8MReducedHistory
  4. CCitigroup Inc
    −$42.9MReducedHistory
  5. KVUEKenvue Inc.
    −$35.6MReducedHistory

Largest weight decreases

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

  1. HONHoneywell International Inc
    −0.93 pp0.9% → 0.0%History
  2. CVXChevron Corp
    −0.54 pp1.5% → 1.0%History
  3. MTBM&T Bank Corp
    −0.48 pp0.5% → <0.1%History
  4. DOWDow Inc.
    −0.42 pp0.6% → 0.1%History
  5. KVUEKenvue Inc.
    −0.37 pp0.4% → 0.1%History

Metrics

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

Portfolio value
$9.45B
+$864.5M (+10.1%) vs. prior quarter
Positions
634
+68 vs. prior quarter
Top 10 concentration
21.1%
Top 10 as share of value
Turnover
6.7%
Q2 2026, one quarter
Average holding period
17.8 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 $9.45B (Q2 2026)

Q1 2021: $2.85BQ2 2021: $3.15BQ3 2021: $3.28BQ4 2021: $3.69BQ1 2022: $3.66BQ2 2022: $3.28BQ3 2022: $3.74BQ4 2022: $3.68BQ1 2023: $3.86BQ2 2023: $4.19BQ3 2023: $3.94BQ4 2023: $4.91BQ1 2024: $5.47BQ2 2024: $5.73BQ3 2024: $6.15BQ4 2024: $6.36BQ1 2025: $6.46BQ2 2025: $7.30BQ3 2025: $8.08BQ4 2025: $8.50BQ1 2026: $8.58BQ2 2026: $9.45B
Q1 2021Q2 2026
13F filings of Advisors Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026634$9.45BAAPLAVGONVDAvs. Q1 2026SEC
Q1 2026May 1, 2026566$8.58BAAPLAVGOMSFTvs. Q4 2025SEC
Q4 2025Jan 29, 2026567$8.50BMSFTAAPLAVGOvs. Q3 2025SEC
Q3 2025Nov 7, 2025536$8.08BMSFTAVGOAAPLvs. Q2 2025SEC
Q2 2025Aug 8, 2025516$7.30BMSFTAVGOAAPLvs. Q1 2025SEC
Q1 2025May 27, 2025506$6.46BMSFTAAPLAVGOvs. Q4 2024SEC
Q4 2024Feb 13, 2025506$6.36BAVGOAAPLMSFTvs. Q3 2024SEC
Q3 2024Nov 14, 2024493$6.15BMSFTAAPLAVGOvs. Q2 2024SEC
Q2 2024Aug 9, 2024480$5.73BMSFTAAPLAVGOvs. Q1 2024SEC
Q1 2024May 6, 2024464$5.47BMSFTAVGOAAPLvs. Q4 2023SEC
Q4 2023Feb 14, 2024459$4.91BMSFTAAPLAVGOvs. Q3 2023SEC
Q3 2023Nov 15, 2023398$3.94BMSFTAVGOBXvs. Q2 2023SEC
Q2 2023Aug 3, 2023419$4.19BAAPLMSFTAVGOvs. Q1 2023SEC
Q1 2023May 4, 2023428$3.86BAAPLMSFTAVGOvs. Q4 2022SEC
Q4 2022Feb 13, 2023440$3.68BMSFTAAPLAVGOvs. Q3 2022SEC
Q3 2022Nov 16, 2022454$3.74BMSFTAAPLAVGOvs. Q2 2022SEC
Q2 2022Aug 12, 2022436$3.28BMSFTAAPLAVGOvs. Q1 2022SEC
Q1 2022May 10, 2022425$3.66BAAPLMSFTAVGOvs. Q4 2021SEC
Q4 2021Feb 14, 2022418$3.69BAAPLMSFTAVGOvs. Q3 2021SEC
Q3 2021Nov 12, 2021403$3.28BAAPLMSFTAVGOvs. Q2 2021SEC
Q2 2021Aug 2, 2021379$3.15BAAPLMSFTAVGOvs. Q1 2021SEC
Q1 2021May 12, 2021363$2.85BAAPLAVGOMSFT–SEC