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Livermore
Livermore
ZHEN

TLW Wealth Management, LLC

SEC CIK
0001767217
Latest filing
Jul 28, 2026

The latest 13F from TLW Wealth Management, LLC covers Q2 2026 (filed Jul 28, 2026): 20 long positions worth $176.7M. The top 10 holdings make up 87.8% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 16.3%. 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
4
Est. +$413.0K
Added
1
Est. +$24.2K
Reduced
13
Est. −$6.14M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    16.3%$28.8MHistory
  2. BRK.BBerkshire Hathaway Inc
    10.8%$19.1MHistory
  3. DEDeere & Co
    10.3%$18.2MHistory
  4. WMTWalmart Inc.
    9.0%$15.9MHistory
  5. AAPLApple Inc.
    7.8%$13.9MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. JPMJPMorgan Chase & Co
    +$366.6KNewHistory
  2. Schwab U.S. Broad Market ETF808524102
    +$33.8KNew
  3. FASTFastenal Co
    +$24.2KAddedHistory
  4. SUNBSunbelt Rentals Holdings, Inc.
    +$7.48KNewHistory
  5. CTASCintas Corp
    +$5.10KNewHistory

Largest weight increases

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

  1. JPMJPMorgan Chase & Co
    +0.21 pp0.0% → 0.2%History
  2. Schwab U.S. Broad Market ETF808524102
    +0.02 pp0.0% → <0.1%
  3. FASTFastenal Co
    +0.01 pp1.7% → 1.7%History
  4. SUNBSunbelt Rentals Holdings, Inc.
    0.00 pp0.0% → <0.1%History
  5. CTASCintas Corp
    0.00 pp0.0% → <0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGAlphabet Inc.
    −$1.56MReducedHistory
  2. WMTWalmart Inc.
    −$983.7KReducedHistory
  3. COSTCostco Wholesale Corp
    −$656.7KReducedHistory
  4. BRK.BBerkshire Hathaway Inc
    −$462.4KReducedHistory
  5. DEDeere & Co
    −$447.8KReducedHistory

Largest weight decreases

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

  1. WMTWalmart Inc.
    −1.86 pp10.9% → 9.0%History
  2. COSTCostco Wholesale Corp
    −1.01 pp6.9% → 5.9%History
  3. TJXTJX Companies Inc
    −0.70 pp6.8% → 6.1%History
  4. WMWaste Management Inc
    −0.63 pp7.3% → 6.7%History
  5. MSFTMicrosoft Corp
    −0.36 pp7.7% → 7.4%History

Metrics

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

Portfolio value
$176.7M
+$5.98M (+3.5%) vs. prior quarter
Positions
20
+4 vs. prior quarter
Top 10 concentration
87.8%
Top 10 as share of value
Turnover
0.3%
Q2 2026, one quarter
Average holding period
21.0 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 $187.6M (Q4 2021)

Q1 2021: $164.6MQ2 2021: $180.1MQ3 2021: $182.9MQ4 2021: $187.6MQ1 2022: $170.6MQ2 2022: $128.2MQ3 2022: $114.7MQ4 2022: $123.5MQ1 2023: $132.5MQ2 2023: $138.7MQ3 2023: $131.6MQ4 2023: $140.4MQ1 2024: $157.0MQ2 2024: $160.5MQ3 2024: $168.4MQ4 2024: $167.9MQ1 2025: $166.6MQ2 2025: $179.5MQ3 2025: $174.8MQ4 2025: $173.4MQ1 2026: $170.7MQ2 2026: $176.7M
Q1 2021Q2 2026
13F filings of TLW Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 202620$176.7MGOOGBRK.BDEvs. Q1 2026SEC
Q1 2026May 1, 202616$170.7MGOOGBRK.BWMTvs. Q4 2025SEC
Q4 2025Feb 5, 202619$173.4MGOOGBRK.BMSFTvs. Q3 2025SEC
Q3 2025Oct 28, 202519$174.8MGOOGBRK.BMSFTvs. Q2 2025SEC
Q2 2025Jul 30, 202517$179.5MBRK.BMSFTGOOGvs. Q1 2025SEC
Q1 2025Apr 28, 202516$166.6MBRK.BDEGOOGvs. Q4 2024SEC
Q4 2024Jan 23, 202517$167.9MBRK.BGOOGMSFTvs. Q3 2024SEC
Q3 2024Nov 5, 202419$168.4MBRK.BCROXMSFTvs. Q2 2024SEC
Q2 2024Aug 6, 202421$160.5MBRK.BGOOGMSFTvs. Q1 2024SEC
Q1 2024May 7, 202421$157.0MBRK.BCROXMSFTvs. Q4 2023SEC
Q4 2023Jan 12, 202419$140.4MBRK.BMSFTGOOGvs. Q3 2023SEC
Q3 2023Oct 24, 202319$131.6MBRK.BMSFTGOOGvs. Q2 2023SEC
Q2 2023Jul 20, 202320$138.7MBRK.BCROXMSFTvs. Q1 2023SEC
Q1 2023May 8, 202320$132.5MCROXBRK.BDEvs. Q4 2022SEC
Q4 2022Jan 26, 202320$123.5MCROXDEBRK.Bvs. Q3 2022SEC
Q3 2022Oct 25, 202218$114.7MBRK.BDEAAPLvs. Q2 2022SEC
Q2 2022Jul 25, 202219$128.2MBRK.BMSFTGOOGvs. Q1 2022SEC
Q1 2022Apr 19, 202217$170.6MBRK.BDEGOOGvs. Q4 2021SEC
Q4 2021Jan 24, 202217$187.6MCROXGOOGMSFTvs. Q3 2021SEC
Q3 2021Dec 8, 202117$182.9MCROXGOOGPYPLvs. Q2 2021SEC
Q2 2021Jul 23, 202117$180.1MCROXPYPLGOOGvs. Q1 2021SEC
Q1 2021Apr 29, 202118$164.6MDEPYPLBRK.B–SEC