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Livermore
Livermore
ZHEN

National Asset Management, Inc.

SEC CIK
0001464811
Latest filing
Jul 14, 2026

The latest 13F from National Asset Management, Inc. covers Q2 2026 (filed Jul 14, 2026): 831 long positions worth $1.83B. The top 10 holdings make up 22.5% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 5.3%. Livermore has 24 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
104
Est. +$49.1M
Added
386
Est. +$91.6M
Reduced
298
Est. −$66.0M
Sold out
76
Est. −$37.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    5.3%$97.8MHistory
  2. AAPLApple Inc.
    3.5%$64.2MHistory
  3. iShares Core S&P 500 ETF464287200
    2.4%$44.4M
  4. AMZNAmazon Com Inc
    2.0%$36.4MHistory
  5. METAMeta Platforms, Inc.
    1.8%$33.4MHistory

Share of portfolio

Top 5 holdings and the other 826 positions, by share of portfolio value

  1. NVDA5.3%
  2. AAPL3.5%
  3. iShares Core S&P 500 ETF2.4%
  4. AMZN2.0%
  5. META1.8%
  6. Other 826 positions84.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Exchange Traded FD T46137V464
    +$8.14MAdded
  2. iShares Core S&P 500 ETF464287200
    +$4.45MAdded
  3. Trust for Professional Manag89834G729
    +$3.70MAdded
  4. NFLXNetflix Inc
    +$3.41MAddedHistory
  5. INTCIntel Corp
    +$3.17MAddedHistory

Largest weight increases

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

  1. MUMicron Technology Inc
    +0.49 pp0.2% → 0.7%History
  2. Invesco Exchange Traded FD T46137V464
    +0.45 pp<0.1% → 0.5%
  3. VanEck Semiconductor ETF92189F676
    +0.42 pp0.7% → 1.1%
  4. INTCIntel Corp
    +0.29 pp0.1% → 0.4%History
  5. State Street Technology Select Sector SPDR ETF81369Y803
    +0.28 pp0.7% → 1.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$3.57MReduced
  2. BROSDutch Bros Inc.
    −$3.53MSold outHistory
  3. iShares Core U.S. Aggregate Bond ETF464287226
    −$3.45MReduced
  4. UBERUber Technologies, Inc
    −$3.38MReducedHistory
  5. CRWDCrowdStrike Holdings, Inc.
    −$2.77MReducedHistory

Largest weight decreases

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

  1. PLTRPalantir Technologies Inc.
    −0.43 pp1.4% → 1.0%History
  2. MSFTMicrosoft Corp
    −0.28 pp1.9% → 1.6%History
  3. UBERUber Technologies, Inc
    −0.24 pp0.6% → 0.3%History
  4. iShares Core U.S. Aggregate Bond ETF464287226
    −0.23 pp0.3% → 0.1%
  5. BROSDutch Bros Inc.
    −0.23 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$1.83B
+$284.1M (+18.4%) vs. prior quarter
Positions
831
+28 vs. prior quarter
Top 10 concentration
22.5%
Top 10 as share of value
Turnover
6.1%
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 $4.46B (Q2 2023)

Q1 2021: $2.83BQ2 2021: $3.08BQ3 2021: $3.14BQ4 2021: $3.47BQ1 2022: $3.05BQ2 2022: $2.38BQ3 2022: $3.31BQ4 2022: $3.57BQ1 2023: $3.75BQ2 2023: $4.46BQ3 2023: $3.70BQ4 2023: $3.71BQ1 2024: $3.70BQ2 2024: $3.93BQ3 2024: $3.60BQ4 2024: $3.05BQ1 2025: $3.29BQ2 2025: $2.06BQ3 2025: $2.08BQ4 2025: $2.11BQ1 2026: $1.55BQ2 2026: $1.83B
Q1 2021Q2 2026
13F filings of National Asset Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 14, 2026831$1.83BNVDAAAPLiShares Core S&P 500 ETFvs. Q1 2026SEC
Q1 2026Apr 27, 2026803$1.55BNVDAAAPLiShares Core S&P 500 ETFvs. Q4 2025SEC
Q4 2025Feb 17, 2026934$2.11BNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Oct 31, 2025965$2.08BNVDAAAPLMSFTvs. Q2 2025SEC
Q2 2025Aug 19, 2025955$2.06BNVDAAAPLMSFTvs. Q1 2025SEC
Q1 2025Aug 28, 20261,208$3.29BAAPLNVDAiShares Core S&P 500 ETFvs. Q4 2024SEC
Q4 2024Feb 25, 20251,136$3.05BAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Dec 13, 20241,263$3.60BAAPLNVDAiShares Core S&P 500 ETFvs. Q2 2024SEC
Q2 2024Aug 19, 20241,379$3.93BAAPLNVDAMSFTvs. Q1 2024SEC
Q1 2024May 16, 20241,445$3.70BAAPLiShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q4 2023SEC
Q4 2023Mar 15, 20241,386$3.71BAAPLiShares Core S&P 500 ETFMSFTvs. Q3 2023SEC
Q3 2023Dec 1, 20231,445$3.70BAAPLiShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q2 2023SEC
Q2 2023Jul 27, 20231,537$4.46BAAPLAMZNiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 17, 20231,514$3.75BAAPLMSFTiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Mar 15, 2023Amended1,493$3.57BAAPLiShares Core S&P 500 ETFVanguard Morningstar Growth ETFvs. Q3 2022SEC
Q3 2022Nov 22, 2022Amended1,448$3.31BAAPLMSFTiShares Core S&P 500 ETFvs. Q2 2022SEC
Q2 2022Aug 12, 20221,231$2.38BAAPLMSFTiShares Core S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 2, 20221,379$3.05BAAPLiShares Core S&P 500 ETFMSFTvs. Q4 2021SEC
Q4 2021Jan 28, 20221,406$3.47BAAPLMSFTiShares Core S&P 500 ETFvs. Q3 2021SEC
Q3 2021Nov 16, 20211,404$3.14BAAPLMSFTiShares Core S&P 500 ETFvs. Q2 2021SEC
Q2 2021Aug 10, 20211,369$3.08BAAPLMSFTAMZNvs. Q1 2021SEC
Q1 2021May 13, 20211,344$2.83BAAPLMSFTAMZN–SEC