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Livermore
Livermore
ZHEN

Founders Capital Management

SEC CIK
0001704300
Latest filing
Jul 21, 2026

The latest 13F from Founders Capital Management covers Q2 2026 (filed Jul 21, 2026): 420 long positions worth $231.1M. The top 10 holdings make up 58.0% of the portfolio, and the largest is Corning Inc (GLW) at 11.6%. 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
37
Est. +$849.1K
Added
74
Est. +$3.63M
Reduced
26
Est. −$8.25M
Sold out
7
Est. −$90.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. GLWCorning Inc
    11.6%$26.8MHistory
  2. Invesco QQQ Trust Series I46090E103
    8.9%$20.6M
  3. AMATApplied Materials Inc
    5.3%$12.2MHistory
  4. MSFTMicrosoft Corp
    5.2%$12.0MHistory
  5. JNJJohnson & Johnson
    5.1%$11.9MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. CVXChevron Corp
    +$755.5KAddedHistory
  2. XOMExxonMobil Holdings Corp
    +$283.0KAddedHistory
  3. BRK.BBerkshire Hathaway Inc
    +$275.2KAddedHistory
  4. MRKMerck & Co., Inc.
    +$235.3KAddedHistory
  5. UPSUnited Parcel Service Inc
    +$229.8KAddedHistory

Largest weight increases

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

  1. AMATApplied Materials Inc
    +2.49 pp2.8% → 5.3%History
  2. Invesco QQQ Trust Series I46090E103
    +1.03 pp7.9% → 8.9%
  3. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    +0.34 pp4.1% → 4.5%
  4. GOOGAlphabet Inc.
    +0.32 pp3.1% → 3.4%History
  5. Bitwise Crypto Industry Innovators ETF09175C103
    +0.15 pp0.9% → 1.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. APDAir Products & Chemicals, Inc.
    −$3.46MReducedHistory
  2. EMREmerson Electric Co
    −$3.27MReducedHistory
  3. GLWCorning Inc
    −$392.3KReducedHistory
  4. MUMicron Technology Inc
    −$163.9KReducedHistory
  5. IBMInternational Business Machines Corp
    −$140.9KReducedHistory

Largest weight decreases

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

  1. APDAir Products & Chemicals, Inc.
    −1.67 pp1.7% → <0.1%History
  2. EMREmerson Electric Co
    −1.46 pp1.6% → 0.1%History
  3. MSFTMicrosoft Corp
    −0.66 pp5.9% → 5.2%History
  4. ADBEAdobe Inc.
    −0.21 pp0.7% → 0.5%History
  5. IBMInternational Business Machines Corp
    −0.06 pp0.1% → 0.1%History

Metrics

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

Portfolio value
$231.1M
+$26.3M (+12.8%) vs. prior quarter
Positions
420
+30 vs. prior quarter
Top 10 concentration
58.0%
Top 10 as share of value
Turnover
2.1%
Q2 2026, one quarter
Average holding period
20.4 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 $231.1M (Q2 2026)

Q1 2021: $140.5MQ2 2021: $153.4MQ3 2021: $145.9MQ4 2021: $156.0MQ1 2022: $156.0MQ2 2022: $126.9MQ3 2022: $122.5MQ4 2022: $133.1MQ1 2023: $130.8MQ2 2023: $137.5MQ3 2023: $131.0MQ4 2023: $137.6MQ1 2024: $147.9MQ2 2024: $154.3MQ3 2024: $164.2MQ4 2024: $158.0MQ1 2025: $154.6MQ2 2025: $166.8MQ3 2025: $188.8MQ4 2025: $192.6MQ1 2026: $204.8MQ2 2026: $231.1M
Q1 2021Q2 2026
13F filings of Founders Capital Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 21, 2026420$231.1MGLWInvesco QQQ Trust Series IAMATvs. Q1 2026SEC
Q1 2026Apr 21, 2026390$204.8MInvesco QQQ Trust Series IGLWMSFTvs. Q4 2025SEC
Q4 2025Jan 15, 2026407$192.6MInvesco QQQ Trust Series IMSFTGLWvs. Q3 2025SEC
Q3 2025Nov 13, 2025396$188.8MInvesco QQQ Trust Series IMSFTGLWvs. Q2 2025SEC
Q2 2025Jul 18, 2025383$166.8MInvesco QQQ Trust Series IMSFTJPMvs. Q1 2025SEC
Q1 2025Apr 8, 2025370$154.6MInvesco QQQ Trust Series IMSFTAAPLvs. Q4 2024SEC
Q4 2024Jan 13, 2025368$158.0MInvesco QQQ Trust Series IMSFTAAPLvs. Q3 2024SEC
Q3 2024Oct 7, 2024376$164.2MInvesco QQQ Trust Series IMSFTAAPLvs. Q2 2024SEC
Q2 2024Jul 10, 2024370$154.3MInvesco QQQ Trust Series IMSFTAAPLvs. Q1 2024SEC
Q1 2024Apr 10, 2024356$147.9MInvesco QQQ Trust Series IMSFTAAPLvs. Q4 2023SEC
Q4 2023Jan 8, 2024381$137.6MInvesco QQQ Trust Series IMSFTAAPLvs. Q3 2023SEC
Q3 2023Oct 10, 2023402$131.0MInvesco QQQ Trust Series IMSFTAAPLvs. Q2 2023SEC
Q2 2023Jul 7, 2023395$137.5MInvesco QQQ Trust Series IMSFTAAPLvs. Q1 2023SEC
Q1 2023Apr 12, 2023401$130.8MInvesco QQQ Trust Series IMSFTAAPLvs. Q4 2022SEC
Q4 2022Jan 9, 2023391$133.1MInvesco QQQ Trust Series IMSFTCVXvs. Q3 2022SEC
Q3 2022Oct 6, 2022397$122.5MInvesco QQQ Trust Series IMSFTAAPLvs. Q2 2022SEC
Q2 2022Jul 20, 2022403$126.9MInvesco QQQ Trust Series IMSFTAAPLvs. Q1 2022SEC
Q1 2022Apr 7, 2022317$156.0MInvesco QQQ Trust Series IAAPLMSFTvs. Q4 2021SEC
Q4 2021Jan 21, 2022317$156.0MInvesco QQQ Trust Series IAAPLMSFTvs. Q3 2021SEC
Q3 2021Oct 12, 2021313$145.9MInvesco QQQ Trust Series IAAPLMSFTvs. Q2 2021SEC
Q2 2021Jul 15, 2021309$153.4MInvesco QQQ Trust Series IAAPLMSFTvs. Q1 2021SEC
Q1 2021Jun 9, 2021Amended279$140.5MInvesco QQQ Trust Series IAAPLMSFT–SEC