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Livermore
Livermore
ZHEN

Round Hill Asset Management

SEC CIK
0001696438
Latest filing
Aug 12, 2026

The latest 13F from Round Hill Asset Management covers Q2 2026 (filed Aug 12, 2026): 62 long positions worth $159.3M. The top 10 holdings make up 48.4% of the portfolio, and the largest is Amgen Inc (AMGN) at 8.5%. 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
1
Est. +$367.0K
Added
9
Est. +$5.28M
Reduced
33
Est. −$3.90M
Sold out
1
Est. −$314.6K

Top 5 holdings

Share of this quarter's portfolio value

  1. AMGNAmgen Inc
    8.5%$13.5MHistory
  2. SPGIS&P Global Inc.
    6.2%$9.81MHistory
  3. MRKMerck & Co., Inc.
    5.8%$9.17MHistory
  4. DISWalt Disney Co
    4.9%$7.73MHistory
  5. CMCSAComcast Corp
    4.7%$7.53MHistory

Share of portfolio

Top 5 holdings and the other 57 positions, by share of portfolio value

  1. AMGN8.5%
  2. SPGI6.2%
  3. MRK5.8%
  4. DIS4.9%
  5. CMCSA4.7%
  6. Other 57 positions70.0%

Biggest buys

New and added positions, by estimated amount bought

  1. ZBHZimmer Biomet Holdings, Inc.
    +$2.04MAddedHistory
  2. HRBH&R Block Inc
    +$1.50MAddedHistory
  3. KHCKraft Heinz Co
    +$715.1KAddedHistory
  4. CMCSAComcast Corp
    +$391.6KAddedHistory
  5. FULTFulton Financial Corp
    +$367.0KNewHistory

Largest weight increases

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

  1. HRBH&R Block Inc
    +1.15 pp1.4% → 2.5%History
  2. ZBHZimmer Biomet Holdings, Inc.
    +1.09 pp2.2% → 3.3%History
  3. BZHBeazer Homes USA Inc
    +1.00 pp2.0% → 3.0%History
  4. NVONovo Nordisk A S
    +0.74 pp2.9% → 3.7%History
  5. KHCKraft Heinz Co
    +0.46 pp1.7% → 2.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGLAlphabet Inc.
    −$1.11MReducedHistory
  2. BUDAnheuser-Busch InBev SA/NV
    −$429.6KReducedHistory
  3. WSMWilliams Sonoma Inc
    −$346.4KReducedHistory
  4. BLFYBlue Foundry Bancorp
    −$314.6KSold outHistory
  5. CCitigroup Inc
    −$306.5KReducedHistory

Largest weight decreases

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

  1. PFEPfizer Inc
    −0.84 pp4.5% → 3.7%History
  2. SPGIS&P Global Inc.
    −0.72 pp6.9% → 6.2%History
  3. TAT&T Inc.
    −0.69 pp2.2% → 1.5%History
  4. NDAQNasdaq, Inc.
    −0.60 pp4.9% → 4.3%History
  5. MDTMedtronic plc
    −0.38 pp2.8% → 2.4%History

Metrics

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

Portfolio value
$159.3M
+$6.58M (+4.3%) vs. prior quarter
Positions
62
0 vs. prior quarter
Top 10 concentration
48.4%
Top 10 as share of value
Turnover
2.7%
Q2 2026, one quarter
Average holding period
18.7 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 $203.9M (Q2 2021)

Q1 2021: $188.9MQ2 2021: $203.9MQ3 2021: $199.2MQ4 2021: $199.3MQ1 2022: $189.8MQ2 2022: $163.4MQ3 2022: $147.2MQ4 2022: $161.8MQ1 2023: $160.4MQ2 2023: $161.8MQ3 2023: $152.1MQ4 2023: $159.3MQ1 2024: $165.2MQ2 2024: $156.8MQ3 2024: $151.1MQ4 2024: $141.8MQ1 2025: $139.1MQ2 2025: $148.1MQ3 2025: $151.9MQ4 2025: $158.7MQ1 2026: $152.7MQ2 2026: $159.3M
Q1 2021Q2 2026
13F filings of Round Hill Asset Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202662$159.3MAMGNSPGIMRKvs. Q1 2026SEC
Q1 2026May 14, 202662$152.7MAMGNSPGIMRKvs. Q4 2025SEC
Q4 2025Feb 12, 202663$158.7MAMGNSPGIDISvs. Q3 2025SEC
Q3 2025Nov 12, 202563$151.9MSPGIAMGNDISvs. Q2 2025SEC
Q2 2025Aug 13, 202561$148.1MSPGIAMGNDISvs. Q1 2025SEC
Q1 2025May 13, 202562$139.1MSPGIAMGNCMCSAvs. Q4 2024SEC
Q4 2024Feb 13, 202561$141.8MSPGIAMGNCMCSAvs. Q3 2024SEC
Q3 2024Nov 12, 202460$151.1MSPGIAMGNCMCSAvs. Q2 2024SEC
Q2 2024Aug 12, 202462$156.8MSPGIAMGNCMCSAvs. Q1 2024SEC
Q1 2024May 13, 202460$165.2MSPGIAMGNCMCSAvs. Q4 2023SEC
Q4 2023Feb 13, 202459$159.3MSPGIAMGNMCOvs. Q3 2023SEC
Q3 2023Nov 14, 202360$152.1MMCOSPGIAMGNvs. Q2 2023SEC
Q2 2023Aug 14, 202360$161.8MMCOSPGICMCSAvs. Q1 2023SEC
Q1 2023May 12, 202360$160.4MSPGIMCOAMGNvs. Q4 2022SEC
Q4 2022Feb 13, 202358$161.8MSPGIMCOAMGNvs. Q3 2022SEC
Q3 2022Nov 14, 202259$147.2MSPGIMCOAMGNvs. Q2 2022SEC
Q2 2022Aug 11, 202259$163.4MSPGIMCOAMGNvs. Q1 2022SEC
Q1 2022May 16, 202259$189.8MSPGIMCOCMCSAvs. Q4 2021SEC
Q4 2021Feb 11, 202256$199.3MSPGIMCOCMCSAvs. Q3 2021SEC
Q3 2021Nov 12, 202158$199.2MSPGIMCOCMCSAvs. Q2 2021SEC
Q2 2021Aug 12, 202158$203.9MSPGIMCOCMCSAvs. Q1 2021SEC
Q1 2021May 13, 202157$188.9MSPGIDISMCO–SEC