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Livermore
Livermore
ZHEN

Stokes Capital Advisors, LLC

SEC CIK
0001734460
Latest filing
Jul 22, 2026

The latest 13F from Stokes Capital Advisors, LLC covers Q2 2026 (filed Jul 22, 2026): 118 long positions worth $466.9M. The top 10 holdings make up 30.9% of the portfolio, and the largest is Broadcom Inc. (AVGO) at 4.2%. 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
18
Est. +$15.0M
Added
44
Est. +$14.9M
Reduced
47
Est. −$23.6M
Sold out
4
Est. −$9.13M

Top 5 holdings

Share of this quarter's portfolio value

  1. AVGOBroadcom Inc.
    4.2%$19.8MHistory
  2. PIMCO ETF Tr72201R585
    4.0%$18.5M
  3. MSFTMicrosoft Corp
    3.6%$16.7MHistory
  4. JPMJPMorgan Chase & Co
    3.2%$14.8MHistory
  5. TJXTJX Companies Inc
    2.9%$13.7MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. GILDGilead Sciences, Inc.
    +$4.21MAddedHistory
  2. LLYEli Lilly & Co
    +$4.19MAddedHistory
  3. HONHoneywell International Inc
    +$4.03MNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$3.92MNewHistory
  5. APHAmphenol Corp
    +$2.17MNewHistory

Largest weight increases

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

  1. LLYEli Lilly & Co
    +1.22 pp1.3% → 2.5%History
  2. GILDGilead Sciences, Inc.
    +0.89 pp0.1% → 1.0%History
  3. HONHoneywell International Inc
    +0.86 pp0.0% → 0.9%History
  4. HONAHoneywell Aerospace Inc.
    +0.84 pp0.0% → 0.8%History
  5. APHAmphenol Corp
    +0.46 pp0.0% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$8.44MSold outHistory
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −$3.48MReduced
  3. CLColgate Palmolive Co
    −$2.97MReducedHistory
  4. TXNTexas Instruments Inc
    −$1.73MReducedHistory
  5. MRSHMarsh & McLennan Companies, Inc.
    −$1.72MReducedHistory

Largest weight decreases

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

  1. HONHoneywell International Inc
    −1.89 pp1.9% → 0.0%History
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    −0.90 pp3.7% → 2.8%
  3. NOCNorthrop Grumman Corp
    −0.61 pp2.0% → 1.4%History
  4. CLColgate Palmolive Co
    −0.60 pp1.3% → 0.7%History
  5. MCDMcDonalds Corp
    −0.49 pp2.7% → 2.2%History

Metrics

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

Portfolio value
$466.9M
+$20.9M (+4.7%) vs. prior quarter
Positions
118
+14 vs. prior quarter
Top 10 concentration
30.9%
Top 10 as share of value
Turnover
6.5%
Q2 2026, one quarter
Average holding period
15.6 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 $466.9M (Q2 2026)

Q1 2021: $243.9MQ2 2021: $305.0MQ3 2021: $309.9MQ4 2021: $336.0MQ1 2022: $343.1MQ2 2022: $286.0MQ3 2022: $268.9MQ4 2022: $290.4MQ1 2023: $294.5MQ2 2023: $296.9MQ3 2023: $286.6MQ4 2023: $315.9MQ1 2024: $343.8MQ2 2024: $359.5MQ3 2024: $390.2MQ4 2024: $387.2MQ1 2025: $393.3MQ2 2025: $408.4MQ3 2025: $429.8MQ4 2025: $437.9MQ1 2026: $446.0MQ2 2026: $466.9M
Q1 2021Q2 2026
13F filings of Stokes Capital Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026118$466.9MAVGOPIMCO ETF TrMSFTvs. Q1 2026SEC
Q1 2026Apr 24, 2026Amended104$446.0MPIMCO ETF TrAVGOMSFTvs. Q4 2025SEC
Q4 2025Jan 12, 202680$437.9MPIMCO Enhanced Short Maturity Active Exchange-Traded FundMSFTAVGOvs. Q3 2025SEC
Q3 2025Oct 9, 202568$429.8MMSFTAVGOTJXvs. Q2 2025SEC
Q2 2025Jul 9, 202567$408.4MMSFTPIMCO Enhanced Short Maturity Active Exchange-Traded FundAVGOvs. Q1 2025SEC
Q1 2025Apr 11, 202573$393.3MMSFTPIMCO Enhanced Short Maturity Active Exchange-Traded FundTJXvs. Q4 2024SEC
Q4 2024Jan 16, 202572$387.2MMSFTAVGOTJXvs. Q3 2024SEC
Q3 2024Oct 7, 202475$390.2MMSFTPIMCO Enhanced Short Maturity Active Exchange-Traded FundTJXvs. Q2 2024SEC
Q2 2024Jul 19, 202475$359.5MMSFTTJXCOSTvs. Q1 2024SEC
Q1 2024Apr 16, 202476$343.8MMSFTTJXCOSTvs. Q4 2023SEC
Q4 2023Jan 16, 202473$315.9MMSFTTJXUNHvs. Q3 2023SEC
Q3 2023Oct 11, 202379$286.6MVanguard Dividend Appreciation ETFMSFTTJXvs. Q2 2023SEC
Q2 2023Jul 12, 202380$296.9MVanguard Dividend Appreciation ETFMSFTAAPLvs. Q1 2023SEC
Q1 2023Apr 12, 202381$294.5MMSFTAAPLVanguard Dividend Appreciation ETFvs. Q4 2022SEC
Q4 2022Jan 18, 202385$290.4MMSFTVanguard Dividend Appreciation ETFTJXvs. Q3 2022SEC
Q3 2022Oct 12, 202281$268.9MAAPLMSFTUNHvs. Q2 2022SEC
Q2 2022Jul 13, 202280$286.0MAAPLMSFTJNJvs. Q1 2022SEC
Q1 2022May 10, 202289$343.1MAAPLVanguard Intermediate-Term Bond ETFMSFTvs. Q4 2021SEC
Q4 2021Jan 31, 202286$336.0MAAPLMSFTVanguard Scottsdale FDSvs. Q3 2021SEC
Q3 2021Oct 20, 202180$309.9MAAPLMSFTVanguard Intermediate-Term Bond ETFvs. Q2 2021SEC
Q2 2021Jul 14, 202183$305.0MAAPLMSFTVanguard Intermediate-Term Bond ETFvs. Q1 2021SEC
Q1 2021Apr 19, 202167$243.9MVanguard Intermediate-Term Bond ETFAAPLMSFT–SEC