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Livermore
Livermore
ZHEN

KBC Group NV

SEC CIK
0001411133
Latest filing
Aug 5, 2026

The latest 13F from KBC Group NV covers Q2 2026 (filed Aug 5, 2026): 1,844 long positions worth $46.3B. The top 10 holdings make up 36.3% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 7.6%. Livermore has 32 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
43
Est. +$80.7M
Added
378
Est. +$3.76B
Reduced
415
Est. −$4.30B
Sold out
53
Est. −$55.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    7.6%$3.51BHistory
  2. GOOGAlphabet Inc.
    5.5%$2.55BHistory
  3. AAPLApple Inc.
    5.2%$2.41BHistory
  4. MSFTMicrosoft Corp
    4.1%$1.91BHistory
  5. AMZNAmazon Com Inc
    3.3%$1.53BHistory

Share of portfolio

Top 5 holdings and the other 1,839 positions, by share of portfolio value

  1. NVDA7.6%
  2. GOOG5.5%
  3. AAPL5.2%
  4. MSFT4.1%
  5. AMZN3.3%
  6. Other 1,839 positions74.3%

Biggest buys

New and added positions, by estimated amount bought

  1. AMATApplied Materials Inc
    +$643.2MAddedHistory
  2. NFLXNetflix Inc
    +$176.3MAddedHistory
  3. DISWalt Disney Co
    +$152.3MAddedHistory
  4. GOOGAlphabet Inc.
    +$136.2MAddedHistory
  5. TELTE Connectivity plc
    +$129.9MAddedHistory

Largest weight increases

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

  1. AMATApplied Materials Inc
    +1.64 pp0.3% → 2.0%History
  2. LRCXLam Research Corp
    +0.67 pp0.8% → 1.5%History
  3. GOOGAlphabet Inc.
    +0.59 pp4.9% → 5.5%History
  4. KLACKLA Corp
    +0.38 pp0.2% → 0.6%History
  5. GLWCorning Inc
    +0.36 pp0.5% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$319.8MReducedHistory
  2. NVDANVIDIA Corp
    −$291.2MReducedHistory
  3. AAPLApple Inc.
    −$234.1MReducedHistory
  4. TSLATesla, Inc.
    −$232.2MReducedHistory
  5. QCOMQualcomm Inc
    −$182.0MReducedHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −1.42 pp5.5% → 4.1%History
  2. NVDANVIDIA Corp
    −0.73 pp8.3% → 7.6%History
  3. AAPLApple Inc.
    −0.61 pp5.8% → 5.2%History
  4. TSLATesla, Inc.
    −0.53 pp1.1% → 0.5%History
  5. GILDGilead Sciences, Inc.
    −0.49 pp0.9% → 0.4%History

Metrics

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

Portfolio value
$46.3B
+$6.43B (+16.1%) vs. prior quarter
Positions
1,844
−10 vs. prior quarter
Top 10 concentration
36.3%
Top 10 as share of value
Turnover
8.9%
Q2 2026, one quarter
Average holding period
20.5 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 $46.3B (Q2 2026)

Q1 2021: $24.7BQ2 2021: $27.7BQ3 2021: $27.3BQ4 2021: $30.3BQ1 2022: $25.3BQ2 2022: $20.0BQ3 2022: $19.2BQ4 2022: $20.6BQ1 2023: $23.6BQ2 2023: $24.3BQ3 2023: $24.5BQ4 2023: $28.2BQ1 2024: $31.5BQ2 2024: $33.1BQ3 2024: $33.1BQ4 2024: $36.3BQ1 2025: $32.2BQ2 2025: $37.0BQ3 2025: $41.7BQ4 2025: $43.9BQ1 2026: $39.9BQ2 2026: $46.3B
Q1 2021Q2 2026
13F filings of KBC Group NV by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 5, 20261,844$46.3BNVDAGOOGAAPLvs. Q1 2026SEC
Q1 2026May 7, 20261,854$39.9BNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Jan 26, 20261,728$43.9BNVDAGOOGMSFTvs. Q3 2025SEC
Q3 2025Jan 20, 20261,727$41.7BNVDAMSFTGOOGvs. Q2 2025SEC
Q2 2025Aug 8, 20251,711$37.0BNVDAMSFTGOOGvs. Q1 2025SEC
Q1 2025Apr 25, 20251,877$32.2BMSFTNVDAAAPLvs. Q4 2024SEC
Q4 2024Jan 22, 20251,832$36.3BNVDAMSFTAAPLvs. Q3 2024SEC
Q3 2024Nov 6, 20241,835$33.1BMSFTNVDAAMZNvs. Q2 2024SEC
Q2 2024Jul 17, 20241,842$33.1BNVDAMSFTGOOGvs. Q1 2024SEC
Q1 2024May 8, 20241,843$31.5BMSFTNVDAAAPLvs. Q4 2023SEC
Q4 2023Feb 13, 20241,859$28.2BMSFTAAPLNVDAvs. Q3 2023SEC
Q3 2023Feb 15, 2024Amended1,917$24.5BMSFTAAPLAMZNvs. Q2 2023SEC
Q2 2023Feb 15, 2024Amended1,481$24.3BMSFTAAPLGOOGvs. Q1 2023SEC
Q1 2023Feb 14, 2024Amended1,503$23.6BMSFTAAPLGOOGvs. Q4 2022SEC
Q4 2022Feb 14, 2024Amended1,516$20.6BMSFTAAPLGOOGvs. Q3 2022SEC
Q3 2022Feb 15, 2024Amended1,543$19.2BAAPLMSFTAMZNvs. Q2 2022SEC
Q2 2022Feb 14, 2024Amended1,546$20.0BMSFTAAPLUNHvs. Q1 2022SEC
Q1 2022Feb 14, 2024Amended1,254$25.3BMSFTAAPLAMZNvs. Q4 2021SEC
Q4 2021Feb 14, 2024Amended1,281$30.3BMSFTAAPLNVDAvs. Q3 2021SEC
Q3 2021Nov 10, 20211,289$27.3BMSFTAAPLGOOGvs. Q2 2021SEC
Q2 2021Feb 15, 2022Amended1,268$27.7BMSFTAAPLAMZNvs. Q1 2021SEC
Q1 2021Apr 26, 20211,281$24.7BMSFTAAPLAMZN–SEC