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Livermore
Livermore
ZHEN

Court Place Advisors, LLC

SEC CIK
0001566113
Latest filing
Nov 25, 2025

The latest 13F from Court Place Advisors, LLC covers Q3 2025 (filed Nov 25, 2025): 147 long positions worth $332.1M. The top 10 holdings make up 43.1% of the portfolio, and the largest is Microsoft Corp (MSFT) at 8.7%. Livermore has 21 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2025

Share counts compared with Q2 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
6
Est. +$1.36M
Added
16
Est. +$633.0K
Reduced
79
Est. −$4.95M
Sold out
5
Est. −$1.12M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    8.7%$28.7MHistory
  2. URIUnited Rentals, Inc.
    7.7%$25.5MHistory
  3. ADPAutomatic Data Processing Inc
    5.5%$18.3MHistory
  4. BRK.BBerkshire Hathaway Inc
    5.0%$16.5MHistory
  5. State Street Technology Select Sector SPDR ETF81369Y803
    3.5%$11.7M

Share of portfolio

Top 5 holdings and the other 142 positions, by share of portfolio value

  1. MSFT8.7%
  2. URI7.7%
  3. ADP5.5%
  4. BRK.B5.0%
  5. State Street Technology Select Sector SPDR ETF3.5%
  6. Other 142 positions69.7%

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$270.0KNewHistory
  2. BRK.BBerkshire Hathaway Inc
    +$251.4KAddedHistory
  3. GOOGAlphabet Inc.
    +$238.7KNewHistory
  4. WELLWelltower Inc.
    +$217.3KNewHistory
  5. State Street SPDR Bloomberg Convertible Securities ETF78464A359
    +$217.2KNew

Largest weight increases

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

  1. GOOGLAlphabet Inc.
    +0.33 pp1.0% → 1.4%History
  2. Fidelity MSCI Information Technology Index ETF316092808
    +0.15 pp1.9% → 2.1%
  3. TJXTJX Companies Inc
    +0.08 pp0.7% → 0.8%History
  4. SPYSPDR S&P 500 ETF Trust
    +0.08 pp0.0% → 0.1%History
  5. GOOGAlphabet Inc.
    +0.07 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. URIUnited Rentals, Inc.
    −$603.3KReducedHistory
  2. MSFTMicrosoft Corp
    −$371.4KReducedHistory
  3. CICigna Group
    −$253.5KSold outHistory
  4. ELVElevance Health, Inc.
    −$233.8KSold outHistory
  5. BAXBaxter International Inc
    −$225.4KSold outHistory

Largest weight decreases

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

  1. JKHYJack Henry & Associates Inc
    −0.80 pp3.8% → 3.0%History
  2. ADPAutomatic Data Processing Inc
    −0.56 pp6.1% → 5.5%History
  3. SPGIS&P Global Inc.
    −0.34 pp2.8% → 2.5%History
  4. PGProcter & Gamble Co
    −0.23 pp2.6% → 2.4%History
  5. CHKPCheck Point Software Technologies Ltd
    −0.22 pp1.9% → 1.7%History

Metrics

13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$332.1M
+$14.2M (+4.5%) vs. prior quarter
Positions
147
+1 vs. prior quarter
Top 10 concentration
43.1%
Top 10 as share of value
Turnover
0.6%
Q3 2025, one quarter
Average holding period
18.3 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

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

Peak $363.0M (Q4 2021)

Q1 2021: $322.4MQ2 2021: $343.3MQ3 2021: $338.0MQ4 2021: $363.0MQ1 2022: $309.9MQ2 2022: $264.3MQ3 2022: $248.5MQ4 2022: $276.0MQ1 2023: $276.0MQ2 2023: $285.3MQ3 2023: $281.5MQ4 2023: $304.3MQ1 2024: $310.0MQ2 2024: $318.7MQ3 2024: $343.0MQ4 2024: $308.3MQ1 2025: $301.5MQ2 2025: $318.0MQ3 2025: $332.1M
Q1 2021Q3 2025
13F filings of Court Place Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2025Nov 25, 2025147$332.1MMSFTURIADPvs. Q2 2025SEC
Q2 2025Jul 24, 2025146$318.0MMSFTURIADPvs. Q1 2025SEC
Q1 2025Apr 30, 2025149$301.5MMSFTADPURIvs. Q4 2024SEC
Q4 2024Jan 22, 2025148$308.3MMSFTURIADPvs. Q3 2024SEC
Q3 2024Oct 23, 2024Amended165$343.0MMSFTURIADPvs. Q2 2024SEC
Q2 2024Jul 31, 2024159$318.7MMSFTURIADPvs. Q1 2024SEC
Q1 2024Apr 26, 2024154$310.0MMSFTURIADPvs. Q4 2023SEC
Q4 2023Jan 31, 2024162$304.3MMSFTURIADPvs. Q3 2023SEC
Q3 2023Nov 1, 2023159$281.5MMSFTADPURIvs. Q2 2023SEC
Q2 2023Aug 1, 2023162$285.3MMSFTADPURIvs. Q1 2023SEC
Q1 2023May 8, 2023163$276.0MMSFTADPURIvs. Q4 2022SEC
Q4 2022Feb 14, 2023Amended164$276.0MADPMSFTJKHYvs. Q3 2022SEC
Q3 2022Nov 14, 2022157$248.5MADPMSFTJKHYvs. Q2 2022SEC
Q2 2022Aug 15, 2022164$264.3MMSFTADPJKHYvs. Q1 2022SEC
Q1 2022May 13, 2022174$309.9MMSFTADPJKHYvs. Q4 2021SEC
Q4 2021Feb 14, 2022183$363.0MMSFTADPBRK.Bvs. Q3 2021SEC
Q3 2021Nov 12, 2021177$338.0MMSFTADPJKHYvs. Q2 2021SEC
Q2 2021Aug 12, 2021179$343.3MMSFTADPJKHYvs. Q1 2021SEC
Q1 2021May 17, 2021180$322.4MMSFTADPJKHY–SEC