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Livermore
Livermore
ZHEN

Palogic Value Management, L.P.

SEC CIK
0001532943
Latest filing
Sep 9, 2026

The latest 13F from Palogic Value Management, L.P. covers Q2 2026 (filed Sep 9, 2026): 181 long positions worth $282.4M. The top 10 holdings make up 36.2% of the portfolio, and the largest is Apple Inc. (AAPL) at 9.5%. Livermore has 23 filings on Form 13F from this institution, going back to Q4 2022.

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
31
Est. +$20.6M
Added
71
Est. +$36.3M
Reduced
35
Est. −$19.2M
Sold out
14
Est. −$13.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    9.5%$26.9MHistory
  2. GOOGAlphabet Inc.
    4.1%$11.7MHistory
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    4.0%$11.4M
  4. AVGOBroadcom Inc.
    3.7%$10.6MHistory
  5. HCATHealth Catalyst, Inc.
    3.5%$9.80MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. AAPLApple Inc.
    +$13.7MAddedHistory
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$6.25MAdded
  3. HCATHealth Catalyst, Inc.
    +$4.03MAddedHistory
  4. AGXArgan Inc
    +$2.24MNewHistory
  5. MSFTMicrosoft Corp
    +$2.03MAddedHistory

Largest weight increases

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

  1. AAPLApple Inc.
    +4.46 pp5.1% → 9.5%History
  2. HCATHealth Catalyst, Inc.
    +1.86 pp1.6% → 3.5%History
  3. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +1.78 pp2.3% → 4.0%
  4. AGXArgan Inc
    +0.79 pp0.0% → 0.8%History
  5. RKLBRocket Lab Corp
    +0.56 pp0.0% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BANDBandwidth Inc.
    −$10.3MReducedHistory
  2. LPROOpen Lending Corp
    −$5.68MSold outHistory
  3. PEBPebblebrook Hotel Trust
    −$3.47MSold outHistory
  4. ASPNAspen Aerogels Inc
    −$1.68MReducedHistory
  5. EXFYExpensify, Inc.
    −$1.35MReducedHistory

Largest weight decreases

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

  1. LPROOpen Lending Corp
    −2.49 pp2.5% → 0.0%History
  2. PEBPebblebrook Hotel Trust
    −1.52 pp1.5% → 0.0%History
  3. XOMExxonMobil Holdings Corp
    −1.20 pp3.4% → 2.2%History
  4. BANDBandwidth Inc.
    −0.94 pp1.4% → 0.5%History
  5. Ssga Active ETF Tr78467V608
    −0.60 pp2.9% → 2.3%

Metrics

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

Portfolio value
$282.4M
+$54.1M (+23.7%) vs. prior quarter
Positions
181
+17 vs. prior quarter
Top 10 concentration
36.2%
Top 10 as share of value
Turnover
12.9%
Q2 2026, one quarter
Average holding period
11.1 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 (Q4 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $282.4M (Q2 2026)

Q4 2022: $191.7MQ1 2023: $204.3MQ2 2023: $213.0MQ3 2023: $202.4MQ4 2023: $225.8MQ1 2024: $231.2MQ2 2024: $235.9MQ3 2024: $250.7MQ4 2024: $250.2MQ1 2025: $227.2MQ2 2025: $237.7MQ3 2025: $236.1MQ4 2025: $232.9MQ1 2026: $228.3MQ2 2026: $282.4M
Q4 2022Q2 2026
13F filings of Palogic Value Management, L.P. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Sep 9, 2026Amended181$282.4MAAPLGOOGState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2026SEC
Q1 2026May 15, 2026164$228.3MAAPLGOOGAVGOvs. Q4 2025SEC
Q4 2025Feb 17, 2026150$232.9MAAPLGOOGAVGOvs. Q3 2025SEC
Q3 2025Nov 14, 2025150$236.1MAAPLAVGOLPROvs. Q2 2025SEC
Q2 2025Aug 5, 2025152$237.7MLPROAAPLState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2025SEC
Q1 2025May 19, 2025Amended154$227.2MAAPLState Street SPDR Bloomberg 1-3 Month T-Bill ETFAVGOvs. Q4 2024SECSEC
Q4 2024Mar 12, 2025Amended160$250.2MAAPLAVGOState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2024SECSEC
Q3 2024Mar 12, 2025Amended165$250.7MAAPLAVGOState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q2 2024SEC
Q2 2024Aug 13, 2024162$235.9MAAPLState Street SPDR Bloomberg 1-3 Month T-Bill ETFAVGOvs. Q1 2024SEC
Q1 2024May 14, 2024161$231.2MAAPLAVGOMSFTvs. Q4 2023SEC
Q4 2023Feb 14, 2024159$225.8MAAPLMSFTAVGOvs. Q3 2023SEC
Q3 2023Mar 12, 2025Amended154$202.4MAAPLXOMMSFTvs. Q2 2023SEC
Q2 2023Aug 11, 2023160$213.0MAAPLMSFTCNNEvs. Q1 2023SEC
Q1 2023May 12, 2023160$204.3MAAPLVERXXOMvs. Q4 2022SEC
Q4 2022Feb 14, 2023151$191.7MAAPLSHELBHP–SEC

13D and 13G filings

Companies where Palogic Value Management, L.P. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Palogic Value Management, L.P. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
HCATHealth Catalyst, Inc.13D/A7.10%5.37M shares+0.40 ppfrom 6.70%Jun 22, 20262 filingsSep 8, 2026SEC

Latest filings

4 filings on file made by Palogic Value Management, L.P. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Palogic Value Management, L.P.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
HCATHealth Catalyst, Inc.Sep 8, 20265:04 PM ET13D/A7.10%5.37M shares+0.40 ppfrom 6.70%Sep 4, 2026SEC
HCATHealth Catalyst, Inc.Jun 22, 20263:55 PM ET13D6.70%4.92M sharesNewJun 12, 2026SEC
LPROOpen Lending CorpJul 7, 20257:46 PM ET13D/A3.50%4.17M shares−2.30 ppfrom 5.80%Below 5%Jul 2, 2025SEC
LPROOpen Lending CorpApr 14, 20252:25 PM ET13D5.80%6.95M sharesNewApr 9, 2025SEC