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Livermore
Livermore
ZHEN

Sandhill Capital Partners LLC

SEC CIK
0001556245
Latest filing
Aug 13, 2026

The latest 13F from Sandhill Capital Partners LLC covers Q2 2026 (filed Aug 13, 2026): 98 long positions worth $1.23B. The top 10 holdings make up 43.0% of the portfolio, and the largest is State Street SPDR Bloomberg 1-3 Month T-Bill ETF at 8.1%. 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
13
Est. +$113.2M
Added
29
Est. +$50.1M
Reduced
40
Est. −$144.3M
Sold out
10
Est. −$94.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    8.1%$100.2M
  2. APHAmphenol Corp
    4.7%$58.2MHistory
  3. GEGeneral Electric Co
    4.3%$53.0MHistory
  4. TXNTexas Instruments Inc
    4.2%$51.3MHistory
  5. SYKStryker Corp
    4.0%$49.5MHistory

Share of portfolio

Top 5 holdings and the other 93 positions, by share of portfolio value

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF8.1%
  2. APH4.7%
  3. GE4.3%
  4. TXN4.2%
  5. SYK4.0%
  6. Other 93 positions74.6%

Biggest buys

New and added positions, by estimated amount bought

  1. FSSFederal Signal Corp
    +$40.8MNewHistory
  2. FPSForgent Power Solutions, Inc.
    +$39.7MNewHistory
  3. BMIBadger Meter Inc
    +$29.9MNewHistory
  4. SYKStryker Corp
    +$14.6MAddedHistory
  5. GWREGuidewire Software, Inc.
    +$9.31MAddedHistory

Largest weight increases

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

  1. FSSFederal Signal Corp
    +3.32 pp0.0% → 3.3%History
  2. FPSForgent Power Solutions, Inc.
    +3.22 pp0.0% → 3.2%History
  3. BMIBadger Meter Inc
    +2.43 pp0.0% → 2.4%History
  4. SYKStryker Corp
    +0.89 pp3.1% → 4.0%History
  5. iShares Core S&P 500 ETF464287200
    +0.58 pp0.4% → 0.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. PANWPalo Alto Networks Inc
    −$42.0MReducedHistory
  2. AJGArthur J. Gallagher & Co.
    −$37.3MSold outHistory
  3. SPGIS&P Global Inc.
    −$30.7MSold outHistory
  4. BKNGBooking Holdings Inc.
    −$23.2MSold outConverted for a 25-for-1 splitHistory
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$14.9MReduced

Largest weight decreases

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

  1. AJGArthur J. Gallagher & Co.
    −3.20 pp3.2% → 0.0%History
  2. SPGIS&P Global Inc.
    −2.64 pp2.6% → 0.0%History
  3. BKNGBooking Holdings Inc.
    −2.00 pp2.0% → 0.0%History
  4. ACMAecom
    −1.92 pp4.3% → 2.4%History
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −1.76 pp9.9% → 8.1%

Metrics

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

Portfolio value
$1.23B
+$67.4M (+5.8%) vs. prior quarter
Positions
98
+3 vs. prior quarter
Top 10 concentration
43.0%
Top 10 as share of value
Turnover
13.6%
Q2 2026, one quarter
Average holding period
12.1 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 (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 $1.43B (Q3 2025)

Q1 2021: $1.18BQ2 2021: $1.28BQ3 2021: $1.25BQ4 2021: $1.29BQ1 2022: $1.16BQ2 2022: $935.4MQ3 2022: $875.9MQ4 2022: $937.1MQ1 2023: $1.04BQ2 2023: $1.10BQ3 2023: $1.07BQ4 2023: $1.20BQ1 2024: $1.25BQ2 2024: $1.30BQ3 2024: $1.40BQ4 2024: $1.28BQ1 2025: $1.22BQ2 2025: $1.39BQ3 2025: $1.43BQ4 2025: $1.40BQ1 2026: $1.16BQ2 2026: $1.23B
Q1 2021Q2 2026
13F filings of Sandhill Capital Partners LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202698$1.23BState Street SPDR Bloomberg 1-3 Month T-Bill ETFAPHGEvs. Q1 2026SEC
Q1 2026May 14, 202695$1.16BState Street SPDR Bloomberg 1-3 Month T-Bill ETFNOWACMvs. Q4 2025SEC
Q4 2025Feb 12, 2026104$1.40BState Street SPDR Bloomberg 1-3 Month T-Bill ETFAPHPANWvs. Q3 2025SEC
Q3 2025Nov 13, 2025107$1.43BState Street SPDR Bloomberg 1-3 Month T-Bill ETFPANWAPHvs. Q2 2025SEC
Q2 2025Aug 12, 2025101$1.39BState Street SPDR Bloomberg 1-3 Month T-Bill ETFPANWGEvs. Q1 2025SEC
Q1 2025May 14, 202593$1.22BState Street SPDR Bloomberg 1-3 Month T-Bill ETFPANWGEvs. Q4 2024SEC
Q4 2024Feb 13, 202595$1.28BState Street SPDR Bloomberg 1-3 Month T-Bill ETFPANWNOWvs. Q3 2024SEC
Q3 2024Nov 13, 202493$1.40BState Street SPDR Bloomberg 1-3 Month T-Bill ETFPANWISRGvs. Q2 2024SEC
Q2 2024Aug 13, 202488$1.30BState Street SPDR Bloomberg 1-3 Month T-Bill ETFPANWTMDXvs. Q1 2024SEC
Q1 2024May 14, 202490$1.25BState Street SPDR Bloomberg 1-3 Month T-Bill ETFPANWNOWvs. Q4 2023SEC
Q4 2023Feb 2, 202486$1.20BState Street SPDR Bloomberg 1-3 Month T-Bill ETFPANWTMDXvs. Q3 2023SEC
Q3 2023Nov 13, 202387$1.07BPANWNOWLINvs. Q2 2023SEC
Q2 2023Aug 8, 202384$1.10BPANWTMDXISRGvs. Q1 2023SEC
Q1 2023May 12, 202383$1.04BTMDXPANWLFUSvs. Q4 2022SEC
Q4 2022Feb 10, 202388$937.1MTMDXISRGLINvs. Q3 2022SEC
Q3 2022Nov 14, 202284$875.9MTMDXPANWLFUSvs. Q2 2022SEC
Q2 2022Aug 10, 202289$935.4MTMDXPANWLINvs. Q1 2022SEC
Q1 2022May 16, 202293$1.16BPANWTMDXZBHvs. Q4 2021SEC
Q4 2021Feb 9, 202291$1.29BTECHTRUPANWvs. Q3 2021SEC
Q3 2021Nov 12, 202197$1.25BTECHTRUNFLXvs. Q2 2021SEC
Q2 2021Aug 11, 202190$1.28BTECHTRUCLVTvs. Q1 2021SEC
Q1 2021May 13, 202186$1.18BGPNTMDXTECH–SEC

13D and 13G filings

Companies where Sandhill Capital Partners LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Sandhill Capital Partners LLC does not currently report owning 5% or more of any company.

Latest filings

2 filings on file made by Sandhill Capital Partners LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Sandhill Capital Partners LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
TMDXTransMedics Group, Inc.Feb 10, 202313G/AOld format–––SEC
TMDXTransMedics Group, Inc.Feb 11, 202213GOld format–New–SEC