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Livermore
Livermore
ZHEN

Howard Capital Management Inc.

SEC CIK
0001733173
Latest filing
Jul 28, 2026

The latest 13F from Howard Capital Management Inc. covers Q2 2026 (filed Jul 28, 2026): 423 long positions worth $8.40B. The top 10 holdings make up 53.9% of the portfolio, and the largest is ProShares Tr at 10.7%. 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
99
Est. +$1.97B
Added
271
Est. +$1.78B
Reduced
31
Est. −$4.04B
Sold out
8
Est. −$58.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. ProShares Tr74347R206
    10.7%$895.9M
  2. ProShares Tr74347R107
    9.8%$820.1M
  3. Invesco QQQ Trust Series I46090E103
    6.9%$579.0M
  4. ProShares Tr74347X831
    5.0%$421.8M
  5. Direxion Shs ETF Tr25459W862
    4.6%$382.8M

Share of portfolio

Top 5 holdings and the other 418 positions, by share of portfolio value

  1. ProShares Tr10.7%
  2. ProShares Tr9.8%
  3. Invesco QQQ Trust Series I6.9%
  4. ProShares Tr5.0%
  5. Direxion Shs ETF Tr4.6%
  6. Other 418 positions63.1%

Biggest buys

New and added positions, by estimated amount bought

  1. ProShares Tr74347R206
    +$895.9MNew
  2. ProShares Tr74347R107
    +$820.1MNew
  3. ProShares Tr74347X831
    +$395.4MAdded
  4. Direxion Shs ETF Tr25459W862
    +$379.1MAdded
  5. State Street SPDR Bloomberg Convertible Securities ETF78464A359
    +$214.3MAdded

Largest weight increases

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

  1. ProShares Tr74347R206
    +10.67 pp0.0% → 10.7%
  2. ProShares Tr74347R107
    +9.76 pp0.0% → 9.8%
  3. ProShares Tr74347X831
    +4.80 pp0.2% → 5.0%
  4. Direxion Shs ETF Tr25459W862
    +4.52 pp<0.1% → 4.6%
  5. State Street SPDR Bloomberg Convertible Securities ETF78464A359
    +2.55 pp<0.1% → 2.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$1.45BReduced
  2. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$1.11BReduced
  3. iShares Tr46436E718
    −$939.5MReduced
  4. Northern LTS FD Tr III66538R748
    −$209.0MReduced
  5. Northern LTS FD Tr III66538R730
    −$135.4MReduced

Largest weight decreases

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

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −18.36 pp19.1% → 0.8%
  2. iShares Tr46436E718
    −15.37 pp15.4% → <0.1%
  3. iShares Core U.S. Aggregate Bond ETF464287226
    −1.81 pp2.8% → 1.0%
  4. Vanguard Dividend Appreciation ETF921908844
    −0.84 pp4.2% → 3.4%
  5. Vanguard Total Bond Market ETF921937835
    −0.80 pp0.8% → 0.0%

Metrics

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

Portfolio value
$8.40B
+$2.28B (+37.4%) vs. prior quarter
Positions
423
+91 vs. prior quarter
Top 10 concentration
53.9%
Top 10 as share of value
Turnover
51.7%
Q2 2026, one quarter
Average holding period
9.1 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 $8.40B (Q2 2026)

Q1 2021: $561.6MQ2 2021: $527.1MQ3 2021: $675.6MQ4 2021: $810.3MQ1 2022: $435.7MQ2 2022: $357.3MQ3 2022: $340.2MQ4 2022: $351.7MQ1 2023: $578.7MQ2 2023: $740.1MQ3 2023: $741.1MQ4 2023: $809.1MQ1 2024: $915.4MQ2 2024: $1.02BQ3 2024: $6.09BQ4 2024: $6.44BQ1 2025: $3.98BQ2 2025: $6.68BQ3 2025: $7.57BQ4 2025: $7.72BQ1 2026: $6.11BQ2 2026: $8.40B
Q1 2021Q2 2026
13F filings of Howard Capital Management Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 2026423$8.40BProShares TrProShares TrInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026May 5, 2026332$6.11BState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares TrInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Jan 23, 2026426$7.72BProShares TrProShares TrInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Nov 4, 2025422$7.57BProShares TrProShares TrInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Aug 1, 2025403$6.68BProShares TrProShares TrInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025May 8, 2025379$3.98BVanguard World FDInvesco QQQ Trust Series IVanguard Dividend Appreciation ETFvs. Q4 2024SEC
Q4 2024Feb 4, 2025407$6.44BProShares TrVanguard World FDProShares Trvs. Q3 2024SEC
Q3 2024Nov 12, 2024393$6.09BProShares TrVanguard World FDInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Aug 5, 202483$1.02BNorthern LTS FD Tr IIINorthern LTS FD Tr IIIDirexion Shares ETF Trustvs. Q1 2024SEC
Q1 2024May 6, 202476$915.4MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIDirexion Shares ETF Trustvs. Q4 2023SEC
Q4 2023Jan 30, 202465$809.1MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2023SEC
Q3 2023Nov 13, 202356$741.1MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIState Street SPDR Bloomberg Convertible Securities ETFvs. Q2 2023SEC
Q2 2023Aug 3, 202358$740.1MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIState Street SPDR Bloomberg Convertible Securities ETFvs. Q1 2023SEC
Q1 2023May 8, 202344$578.7MNorthern LTS FD Tr IIIState Street SPDR Bloomberg 1-3 Month T-Bill ETFNorthern LTS FD Tr IIIvs. Q4 2022SEC
Q4 2022Jan 30, 202330$351.7MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2022SEC
Q3 2022Nov 4, 202226$340.2MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIiShares Core U.S. Aggregate Bond ETFvs. Q2 2022SEC
Q2 2022Jul 27, 202232$357.3MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIiShares Core U.S. Aggregate Bond ETFvs. Q1 2022SEC
Q1 2022May 2, 202240$435.7MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIiShares Core U.S. Aggregate Bond ETFvs. Q4 2021SEC
Q4 2021Jan 31, 202274$810.3MNorthern LTS FD Tr IIINorthern LTS FD Tr IIIState Street SPDR Bloomberg Convertible Securities ETFvs. Q3 2021SEC
Q3 2021Nov 2, 202162$675.6MNorthern LTS FD Tr IIIState Street SPDR Bloomberg Convertible Securities ETFNorthern LTS FD Tr IIIvs. Q2 2021SEC
Q2 2021Aug 6, 202156$527.1MNorthern LTS FD Tr IIIState Street SPDR Bloomberg Convertible Securities ETFNorthern LTS FD Tr IIIvs. Q1 2021SEC
Q1 2021Apr 28, 202152$561.6MState Street SPDR Bloomberg Convertible Securities ETFNorthern LTS FD Tr IIINorthern LTS FD Tr III–SEC