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Livermore
Livermore
ZHEN

Vantage Investment Partners, LLC

SEC CIK
0001534561
Latest filing
May 1, 2026

The latest 13F from Vantage Investment Partners, LLC covers Q1 2026 (filed May 1, 2026): 64 long positions worth $1.45B. The top 10 holdings make up 42.2% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 7.3%. Livermore has 21 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2026

Share counts compared with Q4 2025: 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
4
Est. +$82.4M
Added
11
Est. +$54.4M
Reduced
37
Est. −$102.1M
Sold out
2
Est. −$41.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    7.3%$105.4MHistory
  2. UNHUnitedHealth Group Inc
    5.6%$81.5MHistory
  3. WSOWatsco Inc
    4.3%$62.5MHistory
  4. EQTEQT Corp
    4.1%$59.0MHistory
  5. MSFTMicrosoft Corp
    3.8%$55.5MHistory

Share of portfolio

Top 5 holdings and the other 59 positions, by share of portfolio value

  1. GOOG7.3%
  2. UNH5.6%
  3. WSO4.3%
  4. EQT4.1%
  5. MSFT3.8%
  6. Other 59 positions74.9%

Biggest buys

New and added positions, by estimated amount bought

  1. BKNGBooking Holdings Inc.
    +$33.7MNewHistory
  2. UBERUber Technologies, Inc
    +$32.7MNewHistory
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$25.1MAddedHistory
  4. ETNEaton Corp plc
    +$15.5MNewHistory
  5. MSFTMicrosoft Corp
    +$13.4MAddedHistory

Largest weight increases

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

  1. BKNGBooking Holdings Inc.
    +2.32 pp0.0% → 2.3%History
  2. UBERUber Technologies, Inc
    +2.26 pp0.0% → 2.3%History
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +1.89 pp1.1% → 3.0%History
  4. ETNEaton Corp plc
    +1.07 pp0.0% → 1.1%History
  5. WSOWatsco Inc
    +0.58 pp3.7% → 4.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVONovo Nordisk A S
    −$28.0MSold outHistory
  2. ASMLASML Holding NV
    −$24.1MReducedHistory
  3. NKENIKE, Inc.
    −$20.5MReducedHistory
  4. WABWestinghouse Air Brake Technologies Corp
    −$15.6MReducedHistory
  5. TROWPrice T Rowe Group Inc
    −$13.2MSold outHistory

Largest weight decreases

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

  1. NVONovo Nordisk A S
    −1.87 pp1.9% → 0.0%History
  2. NKENIKE, Inc.
    −1.77 pp2.5% → 0.7%History
  3. UNHUnitedHealth Group Inc
    −1.17 pp6.8% → 5.6%History
  4. HEIHeico Corp
    −0.96 pp1.5% → 0.6%History
  5. TROWPrice T Rowe Group Inc
    −0.88 pp0.9% → 0.0%History

Metrics

13F metrics for Q1 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.45B
−$49.2M (−3.3%) vs. prior quarter
Positions
64
+2 vs. prior quarter
Top 10 concentration
42.2%
Top 10 as share of value
Turnover
9.3%
Q1 2026, one quarter
Average holding period
13.6 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

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.09B (Q2 2021)

Q1 2021: $2.05BQ2 2021: $2.09BQ3 2021: $1.92BQ4 2021: $1.96BQ1 2022: $2.00BQ2 2022: $1.25BQ3 2022: $637.7MQ4 2022: $644.4MQ1 2023: $731.5MQ2 2023: $772.0MQ3 2023: $763.1MQ4 2023: $1.00BQ1 2024: $1.12BQ2 2024: $1.10BQ3 2024: $1.19BQ4 2024: $1.15BQ1 2025: $1.19BQ2 2025: $1.37BQ3 2025: $1.46BQ4 2025: $1.50BQ1 2026: $1.45B
Q1 2021Q1 2026
13F filings of Vantage Investment Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2026May 1, 202664$1.45BGOOGUNHWSOvs. Q4 2025SEC
Q4 2025Feb 6, 202662$1.50BGOOGUNHEQTvs. Q3 2025SEC
Q3 2025Oct 30, 202562$1.46BUNHGOOGNVDAvs. Q2 2025SEC
Q2 2025Jul 22, 202565$1.37BUNHGOOGEQTvs. Q1 2025SEC
Q1 2025Apr 22, 202564$1.19BUNHEQTGOOGvs. Q4 2024SEC
Q4 2024Jan 22, 202562$1.15BUNHGOOGEQTvs. Q3 2024SEC
Q3 2024Nov 5, 202463$1.19BUNHORLYGOOGvs. Q2 2024SEC
Q2 2024Jul 29, 202462$1.10BUNHNVOGOOGvs. Q1 2024SEC
Q1 2024Apr 30, 202462$1.12BNVOUNHORLYvs. Q4 2023SEC
Q4 2023Jan 31, 202465$1.00BUNHNVOORLYvs. Q3 2023SEC
Q3 2023Oct 25, 202365$763.1MCVXUNHGOOGvs. Q2 2023SEC
Q2 2023Jul 24, 202365$772.0MCVXAAPLUNHvs. Q1 2023SEC
Q1 2023Apr 18, 202367$731.5MCVXUNHAAPLvs. Q4 2022SEC
Q4 2022Jan 27, 202366$644.4MCVXUNHSBUXvs. Q3 2022SEC
Q3 2022Oct 18, 202270$637.7MLAZRQCVXSLBvs. Q2 2022SEC
Q2 2022Jul 28, 202274$1.25BUNHGOOGCNCvs. Q1 2022SEC
Q1 2022Apr 22, 202284$2.00BELANAAPLAMZNvs. Q4 2021SEC
Q4 2021Jan 21, 202280$1.96BELANAAPLUNHvs. Q3 2021SEC
Q3 2021Oct 13, 202178$1.92BELANCNCAAPLvs. Q2 2021SEC
Q2 2021Jul 29, 202180$2.09BCNCELANUNHvs. Q1 2021SEC
Q1 2021May 3, 202180$2.05BUNHCNCELAN–SEC