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Livermore
Livermore
ZHEN

Uncommon Cents Investing LLC

SEC CIK
0001729754
Latest filing
Jul 20, 2026

The latest 13F from Uncommon Cents Investing LLC covers Q2 2026 (filed Jul 20, 2026): 215 long positions worth $461.5M. The top 10 holdings make up 20.6% of the portfolio, and the largest is ASA Gold & Precious Metals Ltd (ASA) at 4.6%. 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
11
Est. +$3.60M
Added
101
Est. +$12.5M
Reduced
73
Est. −$3.10M
Sold out
4
Est. −$1.56M

Top 5 holdings

Share of this quarter's portfolio value

  1. ASAASA Gold & Precious Metals Ltd
    4.6%$21.3MHistory
  2. RTXRTX Corp
    2.1%$9.65MHistory
  3. WFCWells Fargo & Company
    2.0%$9.24MHistory
  4. JPMJPMorgan Chase & Co
    1.8%$8.39MHistory
  5. NSCNorfolk Southern Corp
    1.7%$8.07MHistory

Share of portfolio

Top 5 holdings and the other 210 positions, by share of portfolio value

  1. ASA4.6%
  2. RTX2.1%
  3. WFC2.0%
  4. JPM1.8%
  5. NSC1.7%
  6. Other 210 positions87.7%

Biggest buys

New and added positions, by estimated amount bought

  1. MLIMueller Industries Inc
    +$3.44MAddedHistory
  2. Vanguard Morningstar Total Stock Market ETF922908769
    +$1.11MAdded
  3. HYTBlackRock Corporate High Yield Fund, Inc.
    +$744.8KAddedHistory
  4. Vanguard Morningstar Small-Cap ETF922908751
    +$574.1KNew
  5. BGYBlackRock Enhanced International Dividend Trust
    +$550.6KAddedHistory

Largest weight increases

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

  1. Vanguard Morningstar Total Stock Market ETF922908769
    +0.25 pp0.1% → 0.3%
  2. TKRTimken Co
    +0.23 pp0.6% → 0.9%History
  3. CVSCVS Health Corp
    +0.22 pp0.6% → 0.9%History
  4. EMFTempleton Emerging Markets Fund
    +0.18 pp0.7% → 0.8%History
  5. HYTBlackRock Corporate High Yield Fund, Inc.
    +0.14 pp0.3% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. STRLSterling Infrastructure, Inc.
    −$1.50MReducedHistory
  2. HONHoneywell International Inc
    −$858.2KSold outHistory
  3. CTRACoterra Energy Inc.
    −$489.5KSold outHistory
  4. ASAASA Gold & Precious Metals Ltd
    −$367.7KReducedHistory
  5. EXEExpand Energy Corp
    −$210.8KSold outHistory

Largest weight decreases

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

  1. ASAASA Gold & Precious Metals Ltd
    −1.38 pp6.0% → 4.6%History
  2. KRKroger Co
    −0.67 pp2.4% → 1.7%History
  3. BGBunge Global SA
    −0.21 pp1.0% → 0.8%History
  4. RTXRTX Corp
    −0.21 pp2.3% → 2.1%History
  5. HONHoneywell International Inc
    −0.20 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$461.5M
+$30.5M (+7.1%) vs. prior quarter
Positions
215
+7 vs. prior quarter
Top 10 concentration
20.6%
Top 10 as share of value
Turnover
1.0%
Q2 2026, one quarter
Average holding period
19.6 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 $461.5M (Q2 2026)

Q1 2021: $233.3MQ2 2021: $250.2MQ3 2021: $247.3MQ4 2021: $266.6MQ1 2022: $276.3MQ2 2022: $250.5MQ3 2022: $238.2MQ4 2022: $271.7MQ1 2023: $273.8MQ2 2023: $282.9MQ3 2023: $272.6MQ4 2023: $302.1MQ1 2024: $326.6MQ2 2024: $318.2MQ3 2024: $355.9MQ4 2024: $335.8MQ1 2025: $341.0MQ2 2025: $373.7MQ3 2025: $402.2MQ4 2025: $413.1MQ1 2026: $431.0MQ2 2026: $461.5M
Q1 2021Q2 2026
13F filings of Uncommon Cents Investing LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026215$461.5MASARTXWFCvs. Q1 2026SEC
Q1 2026Apr 15, 2026208$431.0MASAKRRTXvs. Q4 2025SEC
Q4 2025Jan 15, 2026207$413.1MASAWFCMSFTvs. Q3 2025SEC
Q3 2025Oct 16, 2025207$402.2MASAMSFTKRvs. Q2 2025SEC
Q2 2025Jul 17, 2025206$373.7MASAMSFTKRvs. Q1 2025SEC
Q1 2025Apr 23, 2025195$341.0MASAMSFTKRvs. Q4 2024SEC
Q4 2024Jan 16, 2025197$335.8MMSFTASAKRvs. Q3 2024SEC
Q3 2024Oct 17, 2024444$355.9MMSFTASAKRvs. Q2 2024SEC
Q2 2024Jul 18, 2024188$318.2MMSFTASAKRvs. Q1 2024SEC
Q1 2024Apr 19, 2024185$326.6MMSFTKRASAvs. Q4 2023SEC
Q4 2023Jan 18, 2024180$302.1MMSFTASAKRvs. Q3 2023SEC
Q3 2023Oct 19, 2023171$272.6MMSFTKRASAvs. Q2 2023SEC
Q2 2023Jul 20, 2023164$282.9MMSFTASAKRvs. Q1 2023SEC
Q1 2023Apr 14, 2023158$273.8MMSFTASAKRvs. Q4 2022SEC
Q4 2022Jan 13, 2023157$271.7MASAADMKRvs. Q3 2022SEC
Q3 2022Oct 18, 2022148$238.2MKRMSFTADMvs. Q2 2022SEC
Q2 2022Jul 15, 2022148$250.5MKRMSFTASAvs. Q1 2022SEC
Q1 2022Apr 20, 2022145$276.3MASAKRMSFTvs. Q4 2021SEC
Q4 2021Jan 27, 2022133$266.6MASAMSFTPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q3 2021SEC
Q3 2021Oct 22, 2021134$247.3MASAMSFTPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q2 2021SEC
Q2 2021Jul 16, 2021131$250.2MASATDFPIMCO Enhanced Short Maturity Active Exchange-Traded Fundvs. Q1 2021SEC
Q1 2021Apr 20, 2021129$233.3MASATDFPIMCO Enhanced Short Maturity Active Exchange-Traded Fund–SEC