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Livermore
Livermore
ZHEN

Norway Savings Bank

SEC CIK
0001692227
Latest filing
Jul 8, 2026

The latest 13F from Norway Savings Bank covers Q2 2026 (filed Jul 8, 2026): 104 long positions worth $238.5M. The top 10 holdings make up 38.3% of the portfolio, and the largest is Alphabet Inc. (GOOGL) at 5.3%. Livermore has 23 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
6
Est. +$2.12M
Added
37
Est. +$3.53M
Reduced
55
Est. −$5.40M
Sold out
5
Est. −$3.66M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGLAlphabet Inc.
    5.3%$12.8MHistory
  2. AAPLApple Inc.
    4.8%$11.4MHistory
  3. PANWPalo Alto Networks Inc
    4.1%$9.88MHistory
  4. NVDANVIDIA Corp
    3.8%$9.01MHistory
  5. AMDAdvanced Micro Devices Inc
    3.7%$8.79MHistory

Share of portfolio

Top 5 holdings and the other 99 positions, by share of portfolio value

  1. GOOGL5.3%
  2. AAPL4.8%
  3. PANW4.1%
  4. NVDA3.8%
  5. AMD3.7%
  6. Other 99 positions78.3%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +$775.5KNew
  2. AVGOBroadcom Inc.
    +$500.9KAddedHistory
  3. INTCIntel Corp
    +$427.1KNewHistory
  4. MSFTMicrosoft Corp
    +$307.0KAddedHistory
  5. SNPSSynopsys Inc
    +$273.4KAddedHistory

Largest weight increases

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

  1. iShares Inc46434G764
    +0.47 pp3.0% → 3.5%
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    +0.33 pp0.0% → 0.3%
  3. AVGOBroadcom Inc.
    +0.25 pp0.5% → 0.7%History
  4. INTCIntel Corp
    +0.18 pp0.0% → 0.2%History
  5. AMATApplied Materials Inc
    +0.11 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$2.36MSold outHistory
  2. LLYEli Lilly & Co
    −$740.0KReducedHistory
  3. ADBEAdobe Inc.
    −$448.2KSold outHistory
  4. ACNAccenture plc
    −$416.6KSold outHistory
  5. GOOGLAlphabet Inc.
    −$416.0KReducedHistory

Largest weight decreases

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

  1. HONHoneywell International Inc
    −1.12 pp1.1% → 0.0%History
  2. CVXChevron Corp
    −0.64 pp2.0% → 1.4%History
  3. XOMExxonMobil Holdings Corp
    −0.61 pp2.0% → 1.4%History
  4. CRMSalesforce, Inc.
    −0.32 pp1.1% → 0.7%History
  5. ORCLOracle Corp
    −0.26 pp1.9% → 1.7%History

Metrics

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

Portfolio value
$238.5M
+$27.6M (+13.1%) vs. prior quarter
Positions
104
+1 vs. prior quarter
Top 10 concentration
38.3%
Top 10 as share of value
Turnover
2.5%
Q2 2026, one quarter
Average holding period
19.0 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 $239.6M (Q1 2024)

Q1 2021: $189.8MQ2 2021: $205.3MQ3 2021: $212.4MQ4 2021: $228.1MQ1 2022: $221.5MQ2 2022: $193.1MQ3 2022: $183.4MQ4 2022: $196.4MQ1 2023: $198.4MQ2 2023: $183.5MQ3 2023: $202.8MQ4 2023: $225.7MQ1 2024: $239.6MQ2 2024: $175.4MQ3 2024: $184.4MQ4 2024: $180.5MQ1 2025: $175.9MQ2 2025: $194.7MQ3 2025: $206.8MQ4 2025: $216.2MQ1 2026: $210.9MQ2 2026: $238.5M
Q1 2021Q2 2026
13F filings of Norway Savings Bank by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 8, 2026104$238.5MGOOGLAAPLPANWvs. Q1 2026SEC
Q1 2026Apr 20, 2026103$210.9MGOOGLAAPLNVDAvs. Q4 2025SEC
Q4 2025Jan 8, 2026105$216.2MGOOGLAAPLMSFTvs. Q3 2025SEC
Q3 2025Oct 7, 2025103$206.8MAAPLMSFTGOOGLvs. Q2 2025SEC
Q2 2025Jul 2, 2025103$194.7MMSFTAAPLNVDAvs. Q1 2025SEC
Q1 2025Apr 22, 2025104$175.9MAAPLMSFTJPMvs. Q4 2024SEC
Q4 2024Jan 7, 2025105$180.5MAAPLMSFTNVDAvs. Q3 2024SEC
Q3 2024Oct 15, 2024106$184.4MAAPLMSFTNVDAvs. Q2 2024SEC
Q2 2024Jul 12, 2024101$175.4MAAPLMSFTNVDAvs. Q1 2024SEC
Q1 2024Apr 16, 2024136$239.6MVanguard Morningstar Total Stock Market ETFAAPLiShares Core S&P Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Jan 12, 2024140$225.7MAAPLVanguard Morningstar Total Stock Market ETFMSFTvs. Q3 2023SEC
Q3 2023Oct 23, 2023133$202.8MAAPLVanguard Morningstar Total Stock Market ETFVanguard Intermediate-Term Corporate Bond ETFvs. Q2 2023SEC
Q2 2023Jul 11, 2023118$183.5MAAPLVanguard Morningstar Total Stock Market ETFVanguard Intermediate-Term Corporate Bond ETFvs. Q1 2023SEC
Q1 2023Apr 11, 2023138$198.4MAAPLVanguard Intermediate-Term Corporate Bond ETFVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Jan 12, 2023Amended288$196.4MVanguard Intermediate-Term Corporate Bond ETFPIMCO Active Bond Exchange-Traded FundAAPLvs. Q3 2022SEC
Q3 2022Oct 18, 2022285$183.4MVanguard Intermediate-Term Corporate Bond ETFAAPLPIMCO Active Bond Exchange-Traded Fundvs. Q2 2022SEC
Q2 2022Jul 15, 2022292$193.1MVanguard Intermediate-Term Corporate Bond ETFPIMCO Active Bond Exchange-Traded FundAAPLvs. Q1 2022SEC
Q1 2022Apr 8, 2022298$221.5MVanguard Intermediate-Term Corporate Bond ETFAAPLPIMCO Active Bond Exchange-Traded Fundvs. Q4 2021SEC
Q4 2021Jan 18, 2022308$228.1MVanguard Intermediate-Term Corporate Bond ETFAAPLPIMCO Active Bond Exchange-Traded Fundvs. Q3 2021SEC
Q3 2021Oct 14, 2021322$212.4MVanguard Intermediate-Term Corporate Bond ETFPIMCO Active Bond Exchange-Traded FundAAPLvs. Q2 2021SEC
Q2 2021Jul 15, 2021317$205.3MVanguard Intermediate-Term Corporate Bond ETFAAPLPIMCO Active Bond Exchange-Traded Fundvs. Q1 2021SEC
Q1 2021Apr 13, 2021316$189.8MVanguard Intermediate-Term Corporate Bond ETFAAPLVanguard Morningstar Total Stock Market ETF–SEC