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Livermore
Livermore
ZHEN

Hoertkorn Richard Charles

SEC CIK
0001598177
Latest filing
Jul 23, 2026

The latest 13F from Hoertkorn Richard Charles covers Q2 2026 (filed Jul 23, 2026): 71 long positions worth $149.2M. The top 10 holdings make up 66.8% of the portfolio, and the largest is Marvell Technology, Inc. (MRVL) at 13.1%. 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
3
Est. +$653
Added
8
Est. +$3.80M
Reduced
21
Est. −$3.76M
Sold out
7
Est. −$5.24M

Top 5 holdings

Share of this quarter's portfolio value

  1. MRVLMarvell Technology, Inc.
    13.1%$19.5MHistory
  2. GOOGLAlphabet Inc.
    9.8%$14.6MHistory
  3. AAPLApple Inc.
    7.5%$11.2MHistory
  4. MSFTMicrosoft Corp
    6.7%$10.0MHistory
  5. JPMJPMorgan Chase & Co
    6.3%$9.40MHistory

Share of portfolio

Top 5 holdings and the other 66 positions, by share of portfolio value

  1. MRVL13.1%
  2. GOOGL9.8%
  3. AAPL7.5%
  4. MSFT6.7%
  5. JPM6.3%
  6. Other 66 positions56.6%

Biggest buys

New and added positions, by estimated amount bought

  1. PSKYParamount Skydance Corp
    +$949.0KAddedHistory
  2. PYPLPayPal Holdings, Inc.
    +$935.1KAddedHistory
  3. BABoeing Co
    +$754.0KAddedHistory
  4. NVDANVIDIA Corp
    +$720.3KAddedHistory
  5. CSCOCisco Systems, Inc.
    +$273.3KAddedHistory

Largest weight increases

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

  1. CSCOCisco Systems, Inc.
    +0.60 pp2.7% → 3.3%History
  2. PSKYParamount Skydance Corp
    +0.51 pp1.2% → 1.7%History
  3. NVDANVIDIA Corp
    +0.42 pp1.1% → 1.5%History
  4. PYPLPayPal Holdings, Inc.
    +0.38 pp1.1% → 1.5%History
  5. BABoeing Co
    +0.17 pp3.0% → 3.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. APAAPA Corp
    −$2.43MSold outHistory
  2. CVXChevron Corp
    −$2.14MSold outHistory
  3. XOMExxonMobil Holdings Corp
    −$1.63MReducedHistory
  4. MRVLMarvell Technology, Inc.
    −$461.7KReducedHistory
  5. DISWalt Disney Co
    −$449.3KSold outHistory

Largest weight decreases

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

  1. APAAPA Corp
    −1.99 pp2.0% → 0.0%History
  2. CVXChevron Corp
    −1.76 pp1.8% → 0.0%History
  3. XOMExxonMobil Holdings Corp
    −1.74 pp1.9% → 0.1%History
  4. KMIKinder Morgan, Inc.
    −1.22 pp5.1% → 3.8%History
  5. DVNDevon Energy Corp
    −0.84 pp2.4% → 1.5%History

Metrics

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

Portfolio value
$149.2M
+$27.3M (+22.4%) vs. prior quarter
Positions
71
−4 vs. prior quarter
Top 10 concentration
66.8%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
20.7 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 $258.6M (Q3 2025)

Q1 2021: $202.6MQ2 2021: $223.5MQ3 2021: $222.5MQ4 2021: $247.0MQ1 2022: $227.6MQ2 2022: $181.7MQ3 2022: $174.7MQ4 2022: $188.5MQ1 2023: $193.6MQ2 2023: $207.6MQ3 2023: $199.9MQ4 2023: $221.8MQ1 2024: $232.9MQ2 2024: $229.6MQ3 2024: $231.8MQ4 2024: $243.2MQ1 2025: $216.2MQ2 2025: $236.2MQ3 2025: $258.6MQ4 2025: $257.4MQ1 2026: $121.9MQ2 2026: $149.2M
Q1 2021Q2 2026
13F filings of Hoertkorn Richard Charles by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 23, 202671$149.2MMRVLGOOGLAAPLvs. Q1 2026SEC
Q1 2026Apr 30, 202675$121.9MGOOGLAAPLMSFTvs. Q4 2025SEC
Q4 2025Jan 27, 202678$257.4MAAPLMRVLGOOGLvs. Q3 2025SEC
Q3 2025Oct 27, 202578$258.6MAAPLMRVLMSFTvs. Q2 2025SEC
Q2 2025Jul 7, 202579$236.2MMRVLMSFTAAPLvs. Q1 2025SEC
Q1 2025Apr 24, 202580$216.2MAAPLMRVLMSFTvs. Q4 2024SEC
Q4 2024Feb 12, 202581$243.2MMRVLAAPLMSFTvs. Q3 2024SEC
Q3 2024Oct 22, 202482$231.8MAAPLMRVLMSFTvs. Q2 2024SEC
Q2 2024Jul 22, 202485$229.6MAAPLMSFTMRVLvs. Q1 2024SEC
Q1 2024May 2, 202482$232.9MAAPLMRVLMSFTvs. Q4 2023SEC
Q4 2023Feb 15, 202483$221.8MAAPLMSFTMRVLvs. Q3 2023SEC
Q3 2023Oct 23, 202381$199.9MAAPLMRVLMSFTvs. Q2 2023SEC
Q2 2023Jul 7, 202385$207.6MAAPLMRVLMSFTvs. Q1 2023SEC
Q1 2023Apr 19, 202386$193.6MAAPLMSFTMRVLvs. Q4 2022SEC
Q4 2022Feb 10, 202385$188.5MAAPLMSFTPGvs. Q3 2022SEC
Q3 2022Nov 1, 202283$174.7MAAPLMRVLMSFTvs. Q2 2022SEC
Q2 2022Jul 15, 202278$181.7MAAPLMSFTMRVLvs. Q1 2022SEC
Q1 2022May 2, 202281$227.6MAAPLMRVLMSFTvs. Q4 2021SEC
Q4 2021Jan 26, 202283$247.0MAAPLMRVLMSFTvs. Q3 2021SEC
Q3 2021Oct 12, 202182$222.5MAAPLMRVLMSFTvs. Q2 2021SEC
Q2 2021Jul 12, 202180$223.5MAAPLMRVLMSFTvs. Q1 2021SEC
Q1 2021Apr 21, 202182$202.6MAAPLMRVLMSFT–SEC