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Livermore
Livermore
ZHEN

Southeast Asset Advisors Inc.

SEC CIK
0001390003
Latest filing
Aug 14, 2026

The latest 13F from Southeast Asset Advisors Inc. covers Q2 2026 (filed Aug 14, 2026): 225 long positions worth $984.5M. The top 10 holdings make up 59.1% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 15.0%. 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
21
Est. +$26.9M
Added
67
Est. +$13.4M
Reduced
57
Est. −$18.0M
Sold out
13
Est. −$22.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    15.0%$147.7MHistory
  2. BRK.BBerkshire Hathaway Inc
    14.1%$138.5MHistory
  3. CNXCNX Resources Corp
    8.3%$81.8MHistory
  4. AAPLApple Inc.
    6.7%$65.7MHistory
  5. Invesco Exchange Traded FD T46137V357
    3.6%$35.0M

Share of portfolio

Top 5 holdings and the other 220 positions, by share of portfolio value

  1. GOOG15.0%
  2. BRK.B14.1%
  3. CNX8.3%
  4. AAPL6.7%
  5. Invesco Exchange Traded FD T3.6%
  6. Other 220 positions52.4%

Biggest buys

New and added positions, by estimated amount bought

  1. XOMExxonMobil Holdings Corp
    +$11.7MNewHistory
  2. TDGTransDigm Group INC
    +$3.47MNewHistory
  3. HUBBHubbell Inc
    +$2.99MNewHistory
  4. BWXTBWX Technologies, Inc.
    +$2.96MNewHistory
  5. ENTGEntegris Inc
    +$2.39MAddedHistory

Largest weight increases

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

  1. XOMExxonMobil Holdings Corp
    +1.19 pp0.0% → 1.2%History
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.52 pp1.7% → 2.2%History
  3. TDGTransDigm Group INC
    +0.35 pp0.0% → 0.4%History
  4. HUBBHubbell Inc
    +0.30 pp0.0% → 0.3%History
  5. BWXTBWX Technologies, Inc.
    +0.30 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$14.5MSold outHistory
  2. VIKViking Holdings Ltd
    −$1.92MReducedHistory
  3. TSCOTractor Supply Co
    −$1.61MReducedHistory
  4. CDWCDW Corp
    −$1.53MSold outHistory
  5. MORNMorningstar, Inc.
    −$1.32MSold outHistory

Largest weight decreases

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

  1. CNXCNX Resources Corp
    −1.88 pp10.2% → 8.3%History
  2. XOMExxonMobil Holdings Corp
    −1.59 pp1.6% → 0.0%History
  3. TSCOTractor Supply Co
    −0.32 pp0.4% → 0.1%History
  4. CDWCDW Corp
    −0.17 pp0.2% → 0.0%History
  5. MORNMorningstar, Inc.
    −0.14 pp0.1% → 0.0%History

Metrics

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

Portfolio value
$984.5M
+$72.0M (+7.9%) vs. prior quarter
Positions
225
+8 vs. prior quarter
Top 10 concentration
59.1%
Top 10 as share of value
Turnover
4.2%
Q2 2026, one quarter
Average holding period
18.9 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 $1.05B (Q4 2025)

Q1 2021: $557.1MQ2 2021: $610.4MQ3 2021: $609.3MQ4 2021: $728.9MQ1 2022: $753.5MQ2 2022: $633.9MQ3 2022: $588.2MQ4 2022: $629.6MQ1 2023: $666.7MQ2 2023: $702.4MQ3 2023: $711.5MQ4 2023: $754.4MQ1 2024: $831.0MQ2 2024: $831.8MQ3 2024: $904.2MQ4 2024: $815.1MQ1 2025: $815.5MQ2 2025: $841.3MQ3 2025: $918.3MQ4 2025: $1.05BQ1 2026: $912.5MQ2 2026: $984.5M
Q1 2021Q2 2026
13F filings of Southeast Asset Advisors Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026225$984.5MGOOGBRK.BCNXvs. Q1 2026SEC
Q1 2026May 13, 2026217$912.5MBRK.BGOOGCNXvs. Q4 2025SEC
Q4 2025Feb 13, 2026217$1.05BBRK.BGOOGCNXvs. Q3 2025SEC
Q3 2025Nov 7, 2025209$918.3MBRK.BGOOGCNXvs. Q2 2025SEC
Q2 2025Aug 12, 2025191$841.3MBRK.BCNXGOOGvs. Q1 2025SEC
Q1 2025May 14, 2025184$815.5MBRK.BCNXGOOGvs. Q4 2024SEC
Q4 2024Feb 13, 2025167$815.1MBRK.BGOOGCNXvs. Q3 2024SEC
Q3 2024Nov 13, 2024166$904.2MBRK.BGOOGCNXvs. Q2 2024SEC
Q2 2024Aug 12, 2024161$831.8MBRK.BGOOGFLOvs. Q1 2024SEC
Q1 2024May 14, 2024167$831.0MBRK.BGOOGFLOvs. Q4 2023SEC
Q4 2023Feb 13, 2024165$754.4MBRK.BGOOGFLOvs. Q3 2023SEC
Q3 2023Nov 14, 2023153$711.5MBRK.BGOOGFLOvs. Q2 2023SEC
Q2 2023Aug 10, 2023153$702.4MBRK.BFLOGOOGvs. Q1 2023SEC
Q1 2023May 12, 2023143$666.7MBRK.BFLOGOOGvs. Q4 2022SEC
Q4 2022Feb 9, 2023134$629.6MBRK.BFLOGOOGvs. Q3 2022SEC
Q3 2022Nov 4, 2022136$588.2MBRK.BFLOGOOGvs. Q2 2022SEC
Q2 2022Aug 15, 2022142$633.9MFLOBRK.BGOOGvs. Q1 2022SEC
Q1 2022May 13, 2022148$753.5MBRK.BFLOGOOGvs. Q4 2021SEC
Q4 2021Feb 14, 2022146$728.9MBRK.BFLOGOOGvs. Q3 2021SEC
Q3 2021Nov 15, 2021143$609.3MBRK.BGOOGFLOvs. Q2 2021SEC
Q2 2021Aug 13, 2021143$610.4MBRK.BGOOGFLOvs. Q1 2021SEC
Q1 2021May 13, 2021131$557.1MBRK.BGOOGFLO–SEC