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Livermore
Livermore
ZHEN

Tributary Capital Management, LLC

SEC CIK
0001441888
Latest filing
Jul 23, 2026

The latest 13F from Tributary Capital Management, LLC covers Q2 2026 (filed Jul 23, 2026): 135 long positions worth $1.22B. The top 10 holdings make up 26.7% of the portfolio, and the largest is Enpro Inc. (NPO) at 3.8%. Livermore has 23 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
14
Est. +$63.4M
Added
32
Est. +$32.1M
Reduced
72
Est. −$116.4M
Sold out
43
Est. −$18.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. NPOEnpro Inc.
    3.8%$45.7MHistory
  2. COHUCohu Inc
    3.1%$38.0MHistory
  3. ESEEsco Technologies Inc
    3.0%$36.3MHistory
  4. DIODDiodes Inc
    3.0%$35.9MHistory
  5. BHEBenchmark Electronics Inc
    2.8%$34.0MHistory

Share of portfolio

Top 5 holdings and the other 130 positions, by share of portfolio value

  1. NPO3.8%
  2. COHU3.1%
  3. ESE3.0%
  4. DIOD3.0%
  5. BHE2.8%
  6. Other 130 positions84.4%

Biggest buys

New and added positions, by estimated amount bought

  1. AIRAar Corp
    +$15.6MNewHistory
  2. KWRQuaker Chemical Corp
    +$14.6MNewHistory
  3. CVCOCavco Industries, Inc.
    +$11.8MNewHistory
  4. QTWOQ2 Holdings, Inc.
    +$11.7MNewHistory
  5. FBKFB Financial Corp
    +$5.13MAddedHistory

Largest weight increases

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

  1. AIRAar Corp
    +1.28 pp0.0% → 1.3%History
  2. KWRQuaker Chemical Corp
    +1.20 pp0.0% → 1.2%History
  3. CVCOCavco Industries, Inc.
    +0.97 pp0.0% → 1.0%History
  4. QTWOQ2 Holdings, Inc.
    +0.96 pp0.0% → 1.0%History
  5. POWIPower Integrations Inc
    +0.67 pp1.6% → 2.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. KALUKaiser Aluminum Corp
    −$19.7MReducedHistory
  2. VIAVViavi Solutions Inc.
    −$19.5MReducedHistory
  3. ESEEsco Technologies Inc
    −$13.0MReducedHistory
  4. COHUCohu Inc
    −$12.7MReducedHistory
  5. AEISAdvanced Energy Industries Inc
    −$7.86MReducedHistory

Largest weight decreases

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

  1. NOGNorthern Oil & Gas, Inc.
    −1.16 pp2.4% → 1.2%History
  2. VIAVViavi Solutions Inc.
    −1.03 pp2.7% → 1.6%History
  3. ESEEsco Technologies Inc
    −0.86 pp3.8% → 3.0%History
  4. KALUKaiser Aluminum Corp
    −0.84 pp2.1% → 1.2%History
  5. AEISAdvanced Energy Industries Inc
    −0.70 pp2.5% → 1.8%History

Metrics

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

Portfolio value
$1.22B
+$185.8M (+18.0%) vs. prior quarter
Positions
135
−29 vs. prior quarter
Top 10 concentration
26.7%
Top 10 as share of value
Turnover
8.5%
Q2 2026, one quarter
Average holding period
15.9 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 $1.32B (Q4 2021)

Q1 2021: $1.28BQ2 2021: $1.32BQ3 2021: $1.29BQ4 2021: $1.32BQ1 2022: $1.27BQ2 2022: $1.01BQ3 2022: $953.5MQ4 2022: $1.00BQ1 2023: $1.08BQ2 2023: $1.12BQ3 2023: $1.06BQ4 2023: $1.19BQ1 2024: $1.22BQ2 2024: $1.21BQ3 2024: $1.29BQ4 2024: $1.29BQ1 2025: $1.14BQ2 2025: $1.13BQ3 2025: $1.11BQ4 2025: $1.02BQ1 2026: $1.03BQ2 2026: $1.22B
Q1 2021Q2 2026
13F filings of Tributary Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 2026135$1.22BNPOCOHUESEvs. Q1 2026SEC
Q1 2026May 4, 2026164$1.03BESENPOVIAVvs. Q4 2025SEC
Q4 2025Jan 27, 2026167$1.02BAEISESENPOvs. Q3 2025SEC
Q3 2025Jan 27, 2026Amended166$1.11BNPOESEAEISvs. Q2 2025SEC
Q2 2025Jul 30, 2025164$1.13BNPOITGRESEvs. Q1 2025SEC
Q1 2025May 2, 2025164$1.14BITGROLLINPOvs. Q4 2024SEC
Q4 2024Jan 21, 2025211$1.29BITGRBOOTMCvs. Q3 2024SEC
Q3 2024Oct 24, 2024211$1.29BITGRBOOTCSWvs. Q2 2024SEC
Q2 2024Jul 24, 2024214$1.21BITGRICFIBOOTvs. Q1 2024SEC
Q1 2024Apr 18, 2024212$1.22BITGRNPOSIGIvs. Q4 2023SEC
Q4 2023Jan 16, 2024162$1.19BNPOICFISIGIvs. Q3 2023SEC
Q3 2023Oct 11, 2023161$1.06BSIGIICFINPOvs. Q2 2023SEC
Q2 2023Jul 17, 2023169$1.12BSIGIICFIITGRvs. Q1 2023SEC
Q1 2023Apr 26, 2023164$1.08BSIGIFIXBLKBvs. Q4 2022SEC
Q4 2022Jan 27, 2023162$1.00BSIGIFIXAUBvs. Q3 2022SEC
Q3 2022Oct 11, 2022162$953.5MSIGIICFIFIXvs. Q2 2022SEC
Q2 2022Jul 19, 2022162$1.01BSIGIDORMSSBvs. Q1 2022SEC
Q1 2022Apr 22, 2022222$1.27BCNXSIGILHCGvs. Q4 2021SEC
Q4 2021Jan 6, 2022223$1.32BCOKESIGIIARTvs. Q3 2021SEC
Q3 2021Oct 14, 2021230$1.29BSIGIIARTNXSTvs. Q2 2021SEC
Q2 2021Jul 15, 2021227$1.32BSIGIAMNBOOTvs. Q1 2021SEC
Q1 2021Apr 20, 2021215$1.28BSFIARTSIGI–SEC

13D and 13G filings

Companies where Tributary Capital Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Tributary Capital Management, LLC does not currently report owning 5% or more of any company.

Latest filings

1 filing on file made by Tributary Capital Management, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Tributary Capital Management, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
Tributary Capital Management, LLCApr 22, 20213:41 PM ET13GOld format–New–SEC