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Livermore
Livermore
ZHEN

Davis-Rea Ltd.

SEC CIK
0001482171
Latest filing
Aug 4, 2026

The latest 13F from Davis-Rea Ltd. covers Q2 2026 (filed Aug 4, 2026): 45 long positions worth $350.7M. The top 10 holdings make up 58.9% of the portfolio, and the largest is Alphabet Inc. (GOOGL) at 9.0%. 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
9
Est. +$25.7M
Added
22
Est. +$20.0M
Reduced
12
Est. −$16.0M
Sold out
18
Est. −$78.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGLAlphabet Inc.
    9.0%$31.6MHistory
  2. JPMJPMorgan Chase & Co
    8.4%$29.3MHistory
  3. MSFTMicrosoft Corp
    6.7%$23.4MHistory
  4. METAMeta Platforms, Inc.
    6.4%$22.5MHistory
  5. AMZNAmazon Com Inc
    6.2%$21.6MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. TRIThomson Reuters Corp
    +$10.1MNewHistory
  2. WFCWells Fargo & Company
    +$4.96MNewHistory
  3. PYPLPayPal Holdings, Inc.
    +$4.32MNewHistory
  4. FIGFigma, Inc.
    +$3.62MNewHistory
  5. METAMeta Platforms, Inc.
    +$3.61MAddedHistory

Largest weight increases

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

  1. TRIThomson Reuters Corp
    +2.89 pp0.0% → 2.9%History
  2. NETCloudflare, Inc.
    +1.72 pp3.4% → 5.1%History
  3. METAMeta Platforms, Inc.
    +1.42 pp5.0% → 6.4%History
  4. WFCWells Fargo & Company
    +1.41 pp0.0% → 1.4%History
  5. PYPLPayPal Holdings, Inc.
    +1.23 pp0.0% → 1.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. RYRoyal Bank of Canada
    −$12.4MSold outHistory
  2. TRIThomson Reuters Corp
    −$11.3MSold outHistory
  3. FTSFortis Inc.
    −$8.92MSold outHistory
  4. TDToronto Dominion Bank
    −$6.86MSold outHistory
  5. BNBROOKFIELD Corp
    −$6.32MSold outHistory

Largest weight decreases

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

  1. RYRoyal Bank of Canada
    −3.23 pp3.2% → 0.0%History
  2. TRIThomson Reuters Corp
    −2.96 pp3.0% → 0.0%History
  3. FTSFortis Inc.
    −2.32 pp2.3% → 0.0%History
  4. TDToronto Dominion Bank
    −1.79 pp1.8% → 0.0%History
  5. BNBROOKFIELD Corp
    −1.65 pp1.6% → 0.0%History

Metrics

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

Portfolio value
$350.7M
−$33.0M (−8.6%) vs. prior quarter
Positions
45
−9 vs. prior quarter
Top 10 concentration
58.9%
Top 10 as share of value
Turnover
12.4%
Q2 2026, one quarter
Average holding period
15.4 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 $412.0M (Q3 2025)

Q1 2021: $187.1MQ2 2021: $201.5MQ3 2021: $204.4MQ4 2021: $215.3MQ1 2022: $190.2MQ2 2022: $335.9MQ3 2022: $155.7MQ4 2022: $159.9MQ1 2023: $165.7MQ2 2023: $178.2MQ3 2023: $184.4MQ4 2023: $195.4MQ1 2024: $219.6MQ2 2024: $200.0MQ3 2024: $229.8MQ4 2024: $197.6MQ1 2025: $375.5MQ2 2025: $402.8MQ3 2025: $412.0MQ4 2025: $399.5MQ1 2026: $383.7MQ2 2026: $350.7M
Q1 2021Q2 2026
13F filings of Davis-Rea Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 202645$350.7MGOOGLJPMMSFTvs. Q1 2026SEC
Q1 2026Apr 30, 202654$383.7MJPMGOOGLMSFTvs. Q4 2025SEC
Q4 2025Jan 28, 202655$399.5MGOOGLJPMMETAvs. Q3 2025SEC
Q3 2025Oct 28, 202558$412.0MGOOGLAMZNMETAvs. Q2 2025SEC
Q2 2025Jul 24, 202553$402.8MMETAGOOGLAMZNvs. Q1 2025SEC
Q1 2025May 6, 202551$375.5MMETAGOOGLMSFTvs. Q4 2024SEC
Q4 2024Feb 5, 202531$197.6MMETAAMZNTMOvs. Q3 2024SEC
Q3 2024Oct 28, 202438$229.8MAMZNMETASNPSvs. Q2 2024SEC
Q2 2024Jul 26, 202434$200.0MAMZNMETAGOOGLvs. Q1 2024SEC
Q1 2024May 6, 202435$219.6MAMZNGOOGLMETAvs. Q4 2023SEC
Q4 2023Jan 24, 202436$195.4MAMZNMSFTMETAvs. Q3 2023SEC
Q3 2023Oct 19, 202340$184.4MAMZNMETAMSFTvs. Q2 2023SEC
Q2 2023Jul 13, 202339$178.2MAMZNGOOGLMETAvs. Q1 2023SEC
Q1 2023Apr 20, 202342$165.7MAMZNMETAGOOGLvs. Q4 2022SEC
Q4 2022Jan 24, 202341$159.9MAMZNTDGOOGLvs. Q3 2022SEC
Q3 2022Oct 21, 202240$155.7MAMZNTDGOOGLvs. Q2 2022SEC
Q2 2022Jul 21, 202244$335.9MTDGOOGLAMZNvs. Q1 2022SEC
Q1 2022Apr 25, 202243$190.2MUNHAAPLGOOGvs. Q4 2021SEC
Q4 2021Jan 25, 202246$215.3MAMZNGOOGLTDvs. Q3 2021SEC
Q3 2021Oct 25, 202153$204.4MAMZNGOOGLTDvs. Q2 2021SEC
Q2 2021Jul 14, 202159$201.5MAMZNTDGOOGLvs. Q1 2021SEC
Q1 2021May 3, 202157$187.1MTDAMZNGOOGL–SEC