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Livermore
Livermore
ZHEN

Daiwa Securities Group Inc.

SEC CIK
0001481045
Latest filing
Jul 31, 2026

The latest 13F from Daiwa Securities Group Inc. covers Q2 2026 (filed Jul 31, 2026): 1,126 long positions worth $44.2B. The top 10 holdings make up 42.8% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 8.7%. 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
88
Est. +$743.8M
Added
608
Est. +$6.46B
Reduced
366
Est. −$3.13B
Sold out
75
Est. −$186.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    8.7%$3.86BHistory
  2. MSFTMicrosoft Corp
    7.6%$3.37BHistory
  3. AAPLApple Inc.
    5.3%$2.36BHistory
  4. GOOGLAlphabet Inc.
    4.1%$1.82BHistory
  5. AVGOBroadcom Inc.
    3.6%$1.61BHistory

Share of portfolio

Top 5 holdings and the other 1,121 positions, by share of portfolio value

  1. NVDA8.7%
  2. MSFT7.6%
  3. AAPL5.3%
  4. GOOGL4.1%
  5. AVGO3.6%
  6. Other 1,121 positions70.6%

Biggest buys

New and added positions, by estimated amount bought

  1. NVDANVIDIA Corp
    +$1.20BAddedHistory
  2. MSFTMicrosoft Corp
    +$1.12BAddedHistory
  3. SNDKSandisk Corp
    +$297.0MAddedHistory
  4. NFLXNetflix Inc
    +$278.2MAddedHistory
  5. INTCIntel Corp
    +$264.9MAddedHistory

Largest weight increases

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

  1. NVDANVIDIA Corp
    +2.04 pp6.7% → 8.7%History
  2. MSFTMicrosoft Corp
    +1.18 pp6.4% → 7.6%History
  3. INTCIntel Corp
    +0.96 pp0.2% → 1.2%History
  4. SNDKSandisk Corp
    +0.73 pp<0.1% → 0.8%History
  5. LRCXLam Research Corp
    +0.46 pp0.7% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$763.2MReducedHistory
  2. UNHUnitedHealth Group Inc
    −$375.6MReducedHistory
  3. VTRVentas, Inc.
    −$181.2MReducedHistory
  4. IRMIron Mountain Inc
    −$157.4MReducedHistory
  5. TMUST-Mobile US, Inc.
    −$130.1MReducedHistory

Largest weight decreases

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

  1. UNHUnitedHealth Group Inc
    −0.67 pp0.9% → 0.2%History
  2. VTRVentas, Inc.
    −0.60 pp1.3% → 0.7%History
  3. TMUST-Mobile US, Inc.
    −0.53 pp0.6% → 0.1%History
  4. AMZNAmazon Com Inc
    −0.52 pp3.9% → 3.3%History
  5. PLDPrologis, Inc.
    −0.46 pp1.9% → 1.4%History

Metrics

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

Portfolio value
$44.2B
+$9.59B (+27.7%) vs. prior quarter
Positions
1,126
+13 vs. prior quarter
Top 10 concentration
42.8%
Top 10 as share of value
Turnover
8.4%
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 $44.2B (Q2 2026)

Q1 2021: $13.4BQ2 2021: $14.8BQ3 2021: $15.2BQ4 2021: $17.0BQ1 2022: $16.0BQ2 2022: $13.1BQ3 2022: $12.0BQ4 2022: $13.0BQ1 2023: $14.4BQ2 2023: $15.1BQ3 2023: $14.0BQ4 2023: $16.1BQ1 2024: $17.7BQ2 2024: $18.8BQ3 2024: $21.6BQ4 2024: $22.4BQ1 2025: $23.7BQ2 2025: $27.1BQ3 2025: $29.6BQ4 2025: $30.8BQ1 2026: $34.6BQ2 2026: $44.2B
Q1 2021Q2 2026
13F filings of Daiwa Securities Group Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 20261,126$44.2BNVDAMSFTAAPLvs. Q1 2026SEC
Q1 2026May 13, 20261,113$34.6BNVDAMSFTAAPLvs. Q4 2025SEC
Q4 2025Feb 11, 20261,333$30.8BNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Nov 14, 20251,333$29.6BNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Aug 14, 20251,301$27.1BNVDAMSFTAAPLvs. Q1 2025SEC
Q1 2025May 13, 20251,279$23.7BAAPLMSFTNVDAvs. Q4 2024SEC
Q4 2024Feb 7, 20251,281$22.4BAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Nov 12, 20241,278$21.6BWELLAAPLDLRvs. Q2 2024SEC
Q2 2024Aug 7, 20241,321$18.8BPLDWELLDLRvs. Q1 2024SEC
Q1 2024May 2, 20241,313$17.7BPLDWELLSPGvs. Q4 2023SEC
Q4 2023Jan 31, 20241,320$16.1BPLDWELLSPGvs. Q3 2023SEC
Q3 2023Nov 1, 20231,330$14.0BPLDWELLSPGvs. Q2 2023SEC
Q2 2023Jul 31, 20231,353$15.1BPLDWELLDLRvs. Q1 2023SEC
Q1 2023May 2, 20231,315$14.4BPLDWELLDLRvs. Q4 2022SEC
Q4 2022Feb 6, 20231,318$13.0BPLDWELLOvs. Q3 2022SEC
Q3 2022Nov 2, 20221,403$12.0BWELLPSAINVHvs. Q2 2022SEC
Q2 2022Aug 9, 20221,421$13.1BPSAPLDWELLvs. Q1 2022SEC
Q1 2022Apr 29, 20221,417$16.0BPSAPLDWELLvs. Q4 2021SEC
Q4 2021Feb 3, 20221,416$17.0BPSADRESPGvs. Q3 2021SEC
Q3 2021Nov 5, 20211,341$15.2BPSASPGDREvs. Q2 2021SEC
Q2 2021Aug 6, 20211,274$14.8BPSAEQIXDREvs. Q1 2021SEC
Q1 2021May 3, 20211,278$13.4BPSADRESPG–SEC