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Livermore
Livermore
ZHEN

Mendel Money Management

SEC CIK
0001600585
Latest filing
Jul 30, 2026

The latest 13F from Mendel Money Management covers Q2 2026 (filed Jul 30, 2026): 127 long positions worth $273.1M. The top 10 holdings make up 28.4% of the portfolio, and the largest is Palo Alto Networks Inc (PANW) at 3.7%. Livermore has 24 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
8
Est. +$4.68M
Added
48
Est. +$23.7M
Reduced
69
Est. −$26.2M
Sold out
18
Est. −$6.37M

Top 5 holdings

Share of this quarter's portfolio value

  1. PANWPalo Alto Networks Inc
    3.7%$10.1MHistory
  2. MSFTMicrosoft Corp
    3.5%$9.46MHistory
  3. AMZNAmazon Com Inc
    3.4%$9.35MHistory
  4. GOOGAlphabet Inc.
    2.9%$7.93MHistory
  5. GEVGE Vernova Inc.
    2.7%$7.51MHistory

Share of portfolio

Top 5 holdings and the other 122 positions, by share of portfolio value

  1. PANW3.7%
  2. MSFT3.5%
  3. AMZN3.4%
  4. GOOG2.9%
  5. GEV2.7%
  6. Other 122 positions83.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Janus Detroit STR Tr47103U845
    +$1.61MAdded
  2. APHAmphenol Corp
    +$1.47MAddedHistory
  3. MDLNMedline Inc.
    +$1.46MNewHistory
  4. NOWServiceNow, Inc.
    +$1.37MAddedHistory
  5. AVGOBroadcom Inc.
    +$1.36MAddedHistory

Largest weight increases

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

  1. APHAmphenol Corp
    +0.81 pp1.2% → 2.1%History
  2. AVGOBroadcom Inc.
    +0.60 pp1.5% → 2.1%History
  3. MDLNMedline Inc.
    +0.53 pp0.0% → 0.5%History
  4. Janus Detroit STR Tr47103U845
    +0.47 pp1.0% → 1.5%
  5. PGRProgressive Corp
    +0.37 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MRVLMarvell Technology, Inc.
    −$8.30MReducedHistory
  2. CATCaterpillar Inc
    −$1.48MReducedHistory
  3. GOOGLAlphabet Inc.
    −$1.18MReducedHistory
  4. PANWPalo Alto Networks Inc
    −$846.4KReducedHistory
  5. CVSCVS Health Corp
    −$830.2KReducedHistory

Largest weight decreases

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

  1. ACNAccenture plc
    −0.66 pp1.3% → 0.6%History
  2. PEPPepsiCo Inc
    −0.39 pp0.7% → 0.3%History
  3. CVXChevron Corp
    −0.38 pp0.9% → 0.5%History
  4. LOWLowes Companies Inc
    −0.37 pp1.7% → 1.3%History
  5. HONHoneywell International Inc
    −0.33 pp0.3% → 0.0%History

Metrics

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

Portfolio value
$273.1M
+$34.1M (+14.3%) vs. prior quarter
Positions
127
−10 vs. prior quarter
Top 10 concentration
28.4%
Top 10 as share of value
Turnover
11.1%
Q2 2026, one quarter
Average holding period
15.4 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 $273.1M (Q2 2026)

Q1 2021: $153.1MQ2 2021: $159.0MQ3 2021: $159.8MQ4 2021: $173.4MQ1 2022: $204.7MQ2 2022: $167.8MQ3 2022: $160.4MQ4 2022: $175.7MQ1 2023: $185.6MQ2 2023: $194.5MQ3 2023: $186.5MQ4 2023: $208.1MQ1 2024: $216.2MQ2 2024: $213.6MQ3 2024: $231.3MQ4 2024: $224.0MQ1 2025: $211.1MQ2 2025: $225.8MQ3 2025: $237.8MQ4 2025: $238.9MQ1 2026: $239.0MQ2 2026: $273.1M
Q1 2021Q2 2026
13F filings of Mendel Money Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 2026127$273.1MPANWMSFTAMZNvs. Q1 2026SEC
Q1 2026May 4, 2026137$239.0MMSFTAMZNGOOGvs. Q4 2025SEC
Q4 2025Jan 29, 2026147$238.9MMSFTAMZNGOOGvs. Q3 2025SEC
Q3 2025Nov 10, 2025150$237.8MMSFTAMZNGOOGvs. Q2 2025SEC
Q2 2025Aug 1, 2025142$225.8MMSFTAMZNVvs. Q1 2025SEC
Q1 2025May 6, 2025136$211.1MMSFTAMZNVvs. Q4 2024SEC
Q4 2024Feb 12, 2025137$224.0MMSFTAMZNGOOGvs. Q3 2024SEC
Q3 2024Nov 7, 2024134$231.3MMSFTAMZNTMOvs. Q2 2024SEC
Q2 2024Aug 13, 2024131$213.6MMSFTAMZNGOOGvs. Q1 2024SEC
Q1 2024May 2, 2024129$216.2MMSFTAMZNTMOvs. Q4 2023SEC
Q4 2023Feb 14, 2024Amended128$208.1MMSFTAMZNTMOvs. Q3 2023SEC
Q3 2023Nov 14, 2023Amended123$186.5MMSFTDHRTMOvs. Q2 2023SEC
Q2 2023Aug 14, 2023126$194.5MMSFTTMODHRvs. Q1 2023SEC
Q1 2023May 10, 2023125$185.6MMSFTTMODHRvs. Q4 2022SEC
Q4 2022Feb 13, 2023120$175.7MTMOMSFTDHRvs. Q3 2022SEC
Q3 2022Nov 14, 2022115$160.4MTMOMSFTDHRvs. Q2 2022SEC
Q2 2022Aug 15, 2022114$167.8MMSFTTMODHRvs. Q1 2022SEC
Q1 2022May 16, 2022126$204.7MMSFTTMODHRvs. Q4 2021SEC
Q4 2021Feb 14, 202268$173.4MMSFTTMODHRvs. Q3 2021SEC
Q3 2021Nov 9, 202169$159.8MMSFTDHRTMOvs. Q2 2021SEC
Q2 2021Aug 11, 202170$159.0MMSFTDHRTMOvs. Q1 2021SEC
Q1 2021May 17, 202167$153.1MMSFTLOWTMO–SEC