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Livermore
Livermore
ZHEN

Nkcfo LLC

SEC CIK
0001757282
Latest filing
Aug 13, 2026

The latest 13F from Nkcfo LLC covers Q2 2026 (filed Aug 13, 2026): 92 long positions worth $330.1M. The top 10 holdings make up 56.1% of the portfolio, and the largest is Agnico Eagle Mines Ltd (AEM) at 10.1%. 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
34
Est. +$52.8M
Added
25
Est. +$23.9M
Reduced
14
Est. −$19.5M
Sold out
48
Est. −$71.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. AEMAgnico Eagle Mines Ltd
    10.1%$33.4MHistory
  2. RBB Fund Trust75526L878
    7.1%$23.5M
  3. IAUiShares Gold Trust
    6.4%$21.1MHistory
  4. Vanguard Malvern FDS922020805
    6.3%$20.9M
  5. Vanguard BD Index FDS92203C303
    6.3%$20.7M

Share of portfolio

Top 5 holdings and the other 87 positions, by share of portfolio value

  1. AEM10.1%
  2. RBB Fund Trust7.1%
  3. IAU6.4%
  4. Vanguard Malvern FDS6.3%
  5. Vanguard BD Index FDS6.3%
  6. Other 87 positions63.8%

Biggest buys

New and added positions, by estimated amount bought

  1. VanEck ETF Trust92189F791
    +$12.5MNew
  2. OGCOceanaGold Corp
    +$5.22MNewHistory
  3. CUZCousins Properties Inc
    +$4.67MNewHistory
  4. XOMExxonMobil Holdings Corp
    +$4.37MNewHistory
  5. HALHalliburton Co
    +$4.02MAddedHistory

Largest weight increases

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

  1. VanEck ETF Trust92189F791
    +3.78 pp0.0% → 3.8%
  2. OGCOceanaGold Corp
    +1.58 pp0.0% → 1.6%History
  3. GOOGLAlphabet Inc.
    +1.54 pp2.3% → 3.9%History
  4. CUZCousins Properties Inc
    +1.42 pp0.0% → 1.4%History
  5. XOMExxonMobil Holdings Corp
    +1.32 pp0.0% → 1.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. INTCIntel Corp
    −$7.40MReducedHistory
  2. MDTMedtronic plc
    −$7.31MSold outHistory
  3. iShares Inc46434G764
    −$6.93MSold out
  4. iShares Tr464287341
    −$6.63MSold out
  5. Vanguard Energy ETF92204A306
    −$6.63MSold out

Largest weight decreases

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

  1. MDTMedtronic plc
    −2.17 pp2.2% → 0.0%History
  2. iShares Inc46434G764
    −2.05 pp2.1% → 0.0%
  3. iShares Tr464287341
    −1.97 pp2.0% → 0.0%
  4. Vanguard Energy ETF92204A306
    −1.96 pp2.0% → 0.0%
  5. Dimensional ETF Trust25434V815
    −1.24 pp1.2% → 0.0%

Metrics

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

Portfolio value
$330.1M
−$7.25M (−2.1%) vs. prior quarter
Positions
92
−14 vs. prior quarter
Top 10 concentration
56.1%
Top 10 as share of value
Turnover
23.0%
Q2 2026, one quarter
Average holding period
7.6 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 $345.9M (Q4 2025)

Q1 2021: $264.5MQ2 2021: $297.7MQ3 2021: $298.7MQ4 2021: $311.4MQ1 2022: $321.8MQ2 2022: $284.0MQ3 2022: $216.2MQ4 2022: $213.4MQ1 2023: $207.4MQ2 2023: $217.1MQ3 2023: $180.2MQ4 2023: $184.6MQ1 2024: $167.5MQ2 2024: $183.3MQ3 2024: $209.4MQ4 2024: $227.4MQ1 2025: $215.0MQ2 2025: $239.5MQ3 2025: $332.2MQ4 2025: $345.9MQ1 2026: $337.4MQ2 2026: $330.1M
Q1 2021Q2 2026
13F filings of Nkcfo LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202692$330.1MAEMRBB Fund TrustIAUvs. Q1 2026SEC
Q1 2026May 11, 2026106$337.4MAEMIAURBB Fund Trustvs. Q4 2025SEC
Q4 2025Feb 2, 202691$345.9MAEMAMZNIAUvs. Q3 2025SEC
Q3 2025Nov 10, 202598$332.2MAEMAMZNIAUvs. Q2 2025SEC
Q2 2025Aug 13, 202590$239.5MAEMAMZNVanguard Malvern FDSvs. Q1 2025SEC
Q1 2025May 7, 202584$215.0MAEMVanguard Malvern FDSAMZNvs. Q4 2024SEC
Q4 2024Jan 30, 2025105$227.4MAMZNAEMMSFTvs. Q3 2024SEC
Q3 2024Oct 17, 202479$209.4MAEMAMZNMSFTvs. Q2 2024SEC
Q2 2024Aug 13, 202481$183.3MAMZNAEMMSFTvs. Q1 2024SEC
Q1 2024May 9, 202474$167.5MAMZNAEMMSFTvs. Q4 2023SEC
Q4 2023Feb 6, 202469$184.6MAMZNAEMGOOGLvs. Q3 2023SEC
Q3 2023Nov 7, 202379$180.2MAMZNGOOGLAEMvs. Q2 2023SEC
Q2 2023Aug 2, 202386$217.1MAMZNAEMMSFTvs. Q1 2023SEC
Q1 2023May 2, 202393$207.4MAEMAMZNNEMvs. Q4 2022SEC
Q4 2022Jan 26, 202394$213.4MAEMNEMXOMvs. Q3 2022SEC
Q3 2022Oct 19, 202291$216.2MVanguard Malvern FDSAMZNGOOGLvs. Q2 2022SEC
Q2 2022Jul 8, 202297$284.0MVanguard Malvern FDSNEMAMZNvs. Q1 2022SEC
Q1 2022Apr 28, 2022111$321.8MVanguard Malvern FDSNEMGOOGLvs. Q4 2021SEC
Q4 2021Jan 27, 2022100$311.4MVanguard Malvern FDSGOOGLAMZNvs. Q3 2021SEC
Q3 2021Oct 21, 202182$298.7MVanguard Malvern FDSGOOGLAMZNvs. Q2 2021SEC
Q2 2021Jul 22, 2021104$297.7MVanguard Malvern FDSAMZNNEMvs. Q1 2021SEC
Q1 2021May 3, 2021121$264.5MVanguard Malvern FDSNEMAMZN–SEC