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Livermore
Livermore
ZHEN

Covea Finance

SEC CIK
0001636948
Latest filing
Jul 13, 2026

The latest 13F from Covea Finance covers Q2 2026 (filed Jul 13, 2026): 153 long positions worth $3.17B. The top 10 holdings make up 31.0% of the portfolio, and the largest is Alphabet Inc. (GOOGL) at 5.5%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 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
18
Est. +$139.6M
Added
47
Est. +$270.8M
Reduced
52
Est. −$333.5M
Sold out
11
Est. −$75.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGLAlphabet Inc.
    5.5%$173.7MHistory
  2. AAPLApple Inc.
    5.0%$159.6MHistory
  3. NVDANVIDIA Corp
    3.7%$118.3MHistory
  4. AMZNAmazon Com Inc
    3.6%$115.0MHistory
  5. MSFTMicrosoft Corp
    3.1%$96.6MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MUMicron Technology Inc
    +$32.9MNewHistory
  2. CDNSCadence Design Systems Inc
    +$25.1MAddedHistory
  3. GOOGLAlphabet Inc.
    +$22.8MAddedHistory
  4. CPCanadian Pacific Kansas City Ltd
    +$21.1MAddedHistory
  5. SOLSSolstice Advanced Materials Inc.
    +$17.4MAddedHistory

Largest weight increases

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

  1. GOOGLAlphabet Inc.
    +1.24 pp4.3% → 5.5%History
  2. AMDAdvanced Micro Devices Inc
    +1.20 pp0.6% → 1.8%History
  3. MUMicron Technology Inc
    +1.04 pp0.0% → 1.0%History
  4. CDNSCadence Design Systems Inc
    +0.91 pp0.5% → 1.4%History
  5. CPCanadian Pacific Kansas City Ltd
    +0.66 pp0.3% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$60.2MReducedHistory
  2. MSIMotorola Solutions, Inc.
    −$26.7MReducedHistory
  3. ABTAbbott Laboratories
    −$26.1MReducedHistory
  4. AMZNAmazon Com Inc
    −$21.8MReducedHistory
  5. NOWServiceNow, Inc.
    −$20.2MSold outHistory

Largest weight decreases

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

  1. MSFTMicrosoft Corp
    −2.40 pp5.4% → 3.1%History
  2. ABTAbbott Laboratories
    −1.07 pp1.2% → 0.2%History
  3. MSIMotorola Solutions, Inc.
    −1.05 pp1.5% → 0.5%History
  4. NOWServiceNow, Inc.
    −0.71 pp0.7% → 0.0%History
  5. LOWLowes Companies Inc
    −0.63 pp1.0% → 0.3%History

Metrics

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

Portfolio value
$3.17B
+$308.0M (+10.8%) vs. prior quarter
Positions
153
+7 vs. prior quarter
Top 10 concentration
31.0%
Top 10 as share of value
Turnover
13.6%
Q2 2026, one quarter
Average holding period
11.9 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 (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.17B (Q2 2026)

Q4 2021: $1.14BQ1 2022: $912.5MQ2 2022: $714.4MQ3 2022: $1.90BQ4 2022: $2.01BQ1 2023: $1.76BQ2 2023: $1.83BQ3 2023: $1.78BQ4 2023: $2.05BQ1 2024: $2.12BQ2 2024: $2.18BQ3 2024: $2.28BQ4 2024: $2.22BQ1 2025: $2.18BQ2 2025: $2.69BQ3 2025: $2.87BQ4 2025: $3.03BQ1 2026: $2.86BQ2 2026: $3.17B
Q4 2021Q2 2026
13F filings of Covea Finance by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 13, 2026153$3.17BGOOGLAAPLNVDAvs. Q1 2026SEC
Q1 2026Apr 15, 2026146$2.86BMSFTAAPLGOOGLvs. Q4 2025SEC
Q4 2025Jan 7, 2026128$3.03BMSFTAAPLGOOGLvs. Q3 2025SEC
Q3 2025Oct 16, 2025122$2.87BMSFTAAPLNVDAvs. Q2 2025SEC
Q2 2025Jul 15, 2025119$2.69BMSFTAAPLNVDAvs. Q1 2025SEC
Q1 2025Apr 22, 2025114$2.18BAAPLMSFTAMZNvs. Q4 2024SEC
Q4 2024Jan 14, 2025106$2.22BMSFTAAPLAMZNvs. Q3 2024SEC
Q3 2024Oct 10, 2024107$2.28BMSFTAAPLAMZNvs. Q2 2024SEC
Q2 2024Jul 16, 2024105$2.18BMSFTNVDAAMZNvs. Q1 2024SEC
Q1 2024Apr 19, 2024106$2.12BMSFTNVDAAAPLvs. Q4 2023SEC
Q4 2023Jan 8, 2024109$2.05BMSFTAAPLAMZNvs. Q3 2023SEC
Q3 2023Oct 10, 2023107$1.78BMSFTAAPLNVDAvs. Q2 2023SEC
Q2 2023Jul 7, 2023108$1.83BMSFTAAPLNVDAvs. Q1 2023SEC
Q1 2023Apr 17, 2023107$1.76BMSFTAAPLWMvs. Q4 2022SEC
Q4 2022Feb 2, 2023123$2.01BMSFTCNIZTSvs. Q3 2022SEC
Q3 2022Oct 27, 2022128$1.90BMSFTNEEAAPLvs. Q2 2022SEC
Q2 2022Jul 22, 202253$714.4MNEECOSTWMvs. Q1 2022SEC
Q1 2022Apr 26, 202254$912.5MNEENVDACOSTvs. Q4 2021SEC
Q4 2021Feb 9, 202254$1.14BNEECOSTNVDA–SEC