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Livermore
Livermore
ZHEN

NVWM, LLC

SEC CIK
0001697274
Latest filing
Jul 28, 2026

The latest 13F from NVWM, LLC covers Q2 2026 (filed Jul 28, 2026): 773 long positions worth $496.3M. The top 10 holdings make up 26.6% of the portfolio, and the largest is Apple Inc. (AAPL) at 4.3%. 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
58
Est. +$2.78M
Added
259
Est. +$38.6M
Reduced
199
Est. −$45.9M
Sold out
31
Est. −$8.23M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    4.3%$21.5MHistory
  2. NVDANVIDIA Corp
    3.4%$17.0MHistory
  3. GOOGLAlphabet Inc.
    3.3%$16.4MHistory
  4. AMZNAmazon Com Inc
    3.3%$16.2MHistory
  5. MSFTMicrosoft Corp
    3.1%$15.5MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. GOOGLAlphabet Inc.
    +$2.10MAddedHistory
  2. iShares Tr464288513
    +$1.94MAdded
  3. JNJJohnson & Johnson
    +$1.84MAddedHistory
  4. XOMExxonMobil Holdings Corp
    +$1.78MAddedHistory
  5. PHParker-Hannifin Corp
    +$1.78MAddedHistory

Largest weight increases

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

  1. GOOGLAlphabet Inc.
    +0.74 pp2.6% → 3.3%History
  2. GEVGE Vernova Inc.
    +0.45 pp0.9% → 1.4%History
  3. AFRMAffirm Holdings, Inc.
    +0.37 pp<0.1% → 0.4%History
  4. XOMExxonMobil Holdings Corp
    +0.35 pp<0.1% → 0.4%History
  5. PHParker-Hannifin Corp
    +0.35 pp0.3% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMDAdvanced Micro Devices Inc
    −$4.69MReducedHistory
  2. VanEck ETF Trust92189F106
    −$3.02MReduced
  3. iShares Tr464287432
    −$2.63MSold out
  4. AMATApplied Materials Inc
    −$2.25MReducedHistory
  5. iShares Tr464288588
    −$1.99MSold out

Largest weight decreases

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

  1. GLDSPDR Gold Trust
    −0.86 pp2.6% → 1.7%History
  2. VanEck ETF Trust92189F106
    −0.82 pp0.8% → <0.1%
  3. iShares Tr464287432
    −0.58 pp0.6% → 0.0%
  4. Vanguard BD Index FDS92203C303
    −0.47 pp1.8% → 1.4%
  5. WisdomTree Tr97717Y527
    −0.45 pp2.2% → 1.8%

Metrics

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

Portfolio value
$496.3M
+$47.1M (+10.5%) vs. prior quarter
Positions
773
+27 vs. prior quarter
Top 10 concentration
26.6%
Top 10 as share of value
Turnover
8.7%
Q2 2026, one quarter
Average holding period
17.7 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 $496.3M (Q2 2026)

Q1 2021: $251.8MQ2 2021: $278.2MQ3 2021: $278.0MQ4 2021: $320.7MQ1 2022: $315.5MQ2 2022: $257.4MQ3 2022: $252.0MQ4 2022: $275.3MQ1 2023: $298.4MQ2 2023: $307.6MQ3 2023: $306.0MQ4 2023: $333.6MQ1 2024: $364.3MQ2 2024: $375.6MQ3 2024: $392.9MQ4 2024: $396.4MQ1 2025: $376.5MQ2 2025: $414.2MQ3 2025: $444.7MQ4 2025: $459.6MQ1 2026: $449.2MQ2 2026: $496.3M
Q1 2021Q2 2026
13F filings of NVWM, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 2026773$496.3MAAPLNVDAGOOGLvs. Q1 2026SEC
Q1 2026Apr 27, 2026746$449.2MAAPLMSFTNVDAvs. Q4 2025SEC
Q4 2025Jan 20, 2026742$459.6MMSFTAAPLAMZNvs. Q3 2025SEC
Q3 2025Oct 16, 2025681$444.7MMSFTAAPLAMZNvs. Q2 2025SEC
Q2 2025Aug 6, 2025682$414.2MMSFTAMZNAAPLvs. Q1 2025SEC
Q1 2025May 7, 2025662$376.5MAAPLMSFTAMZNvs. Q4 2024SEC
Q4 2024Jan 27, 2025656$396.4MAAPLAMZNMSFTvs. Q3 2024SEC
Q3 2024Oct 29, 2024652$392.9MAAPLMSFTAMZNvs. Q2 2024SEC
Q2 2024Aug 13, 2024637$375.6MMSFTAMZNAAPLvs. Q1 2024SEC
Q1 2024May 7, 2024615$364.3MMSFTAMZNAAPLvs. Q4 2023SEC
Q4 2023Feb 8, 2024416$333.6MMSFTAAPLAMZNvs. Q3 2023SEC
Q3 2023Oct 30, 2023440$306.0MMSFTAAPLAMZNvs. Q2 2023SEC
Q2 2023Aug 8, 2023466$307.6MMSFTAAPLAMZNvs. Q1 2023SEC
Q1 2023May 11, 2023445$298.4MMSFTAAPLVanguard BD Index FDSvs. Q4 2022SEC
Q4 2022Feb 14, 2023435$275.3MWisdomTree TrAAPLMSFTvs. Q3 2022SEC
Q3 2022Nov 15, 2022466$252.0MWisdomTree TrAAPLMSFTvs. Q2 2022SEC
Q2 2022Aug 4, 2022495$257.4MMSFTAAPLGOOGLvs. Q1 2022SEC
Q1 2022May 11, 2022552$315.5MAAPLMSFTAMZNvs. Q4 2021SEC
Q4 2021Feb 8, 2022523$320.7MMSFTAAPLAMZNvs. Q3 2021SEC
Q3 2021Nov 3, 2021514$278.0MMSFTAAPLAMZNvs. Q2 2021SEC
Q2 2021Aug 4, 2021455$278.2MMSFTAAPLAMZNvs. Q1 2021SEC
Q1 2021May 11, 2021429$251.8MMSFTAAPLAMZN–SEC