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Livermore
Livermore
ZHEN

Davidson Capital Management Inc.

SEC CIK
0001808748
Latest filing
Jul 28, 2026

The latest 13F from Davidson Capital Management Inc. covers Q2 2026 (filed Jul 28, 2026): 96 long positions worth $624.2M. The top 10 holdings make up 53.8% of the portfolio, and the largest is Vanguard Intermediate-Term Corporate Bond ETF at 17.4%. 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
3
Est. +$2.88M
Added
69
Est. +$10.6M
Reduced
14
Est. −$5.80M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    17.4%$108.5M
  2. Vanguard Scottsdale FDS92206C813
    8.8%$54.7M
  3. Invesco Exch Traded FD Tr II46138E339
    5.9%$36.9M
  4. iShares Core Dividend Growth ETF46434V621
    4.3%$26.6M
  5. Vanguard Scottsdale FDS92206C409
    4.2%$26.0M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$1.75MAdded
  2. Vanguard Scottsdale FDS92206C813
    +$1.57MAdded
  3. DDOGDatadog, Inc.
    +$1.57MNewHistory
  4. ADIAnalog Devices Inc
    +$1.31MNewHistory
  5. IBMInternational Business Machines Corp
    +$1.10MAddedHistory

Largest weight increases

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

  1. PANWPalo Alto Networks Inc
    +0.77 pp0.8% → 1.6%History
  2. DDOGDatadog, Inc.
    +0.25 pp0.0% → 0.3%History
  3. ENVAEnova International, Inc.
    +0.25 pp0.4% → 0.7%History
  4. GEVGE Vernova Inc.
    +0.23 pp1.2% → 1.4%History
  5. ANETArista Networks, Inc.
    +0.21 pp0.9% → 1.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$1.35MReducedHistory
  2. FTNTFortinet, Inc.
    −$1.17MReducedHistory
  3. Invesco Exch Traded FD Tr II46138E339
    −$848.7KReduced
  4. CRMSalesforce, Inc.
    −$828.7KReducedHistory
  5. INTUIntuit Inc.
    −$570.5KReducedHistory

Largest weight decreases

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

  1. AAPLApple Inc.
    −0.21 pp0.5% → 0.2%History
  2. CRMSalesforce, Inc.
    −0.18 pp0.2% → <0.1%History
  3. INTUIntuit Inc.
    −0.17 pp0.2% → <0.1%History

Metrics

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

Portfolio value
$624.2M
+$72.3M (+13.1%) vs. prior quarter
Positions
96
+3 vs. prior quarter
Top 10 concentration
53.8%
Top 10 as share of value
Turnover
1.0%
Q2 2026, one quarter
Average holding period
8.7 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 $624.2M (Q2 2026)

Q1 2021: $191.6MQ2 2021: $207.4MQ3 2021: $198.5MQ4 2021: $182.6MQ1 2022: $268.2MQ2 2022: $211.8MQ3 2022: $204.1MQ4 2022: $145.8MQ1 2023: $164.7MQ2 2023: $200.5MQ3 2023: $201.2MQ4 2023: $275.4MQ1 2024: $310.6MQ2 2024: $324.4MQ3 2024: $346.9MQ4 2024: $380.0MQ1 2025: $368.8MQ2 2025: $416.4MQ3 2025: $447.6MQ4 2025: $462.0MQ1 2026: $551.9MQ2 2026: $624.2M
Q1 2021Q2 2026
13F filings of Davidson Capital Management Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 202696$624.2MVanguard Intermediate-Term Corporate Bond ETFVanguard Scottsdale FDSInvesco Exch Traded FD Tr IIvs. Q1 2026SEC
Q1 2026Apr 14, 202693$551.9MVanguard Intermediate-Term Corporate Bond ETFVanguard Scottsdale FDSInvesco Exch Traded FD Tr IIvs. Q4 2025SEC
Q4 2025Jan 28, 2026117$462.0MVanguard Intermediate-Term Corporate Bond ETFInvesco Exchange Traded FD TInvesco S&P 500 Quality ETFvs. Q3 2025SEC
Q3 2025Nov 12, 202590$447.6MVanguard Intermediate-Term Corporate Bond ETFInvesco Exchange Traded FD TInvesco S&P 500 Quality ETFvs. Q2 2025SEC
Q2 2025Aug 7, 202578$416.4MVanguard Intermediate-Term Corporate Bond ETFInvesco Exchange Traded FD TInvesco S&P 500 Quality ETFvs. Q1 2025SEC
Q1 2025Apr 21, 202582$368.8MVanguard Intermediate-Term Corporate Bond ETFInvesco S&P 500 Quality ETFInvesco Exchange Traded FD Tvs. Q4 2024SEC
Q4 2024Jan 29, 202584$380.0MVanguard Intermediate-Term Corporate Bond ETFInvesco S&P 500 Quality ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 25, 202481$346.9MVanguard Intermediate-Term Corporate Bond ETFInvesco S&P 500 Quality ETFState Street SPDR Portfolio S&P 500 ETFvs. Q2 2024SEC
Q2 2024Aug 12, 202482$324.4MInvesco S&P 500 Quality ETFVanguard Intermediate-Term Corporate Bond ETFState Street SPDR Portfolio S&P 500 ETFvs. Q1 2024SEC
Q1 2024May 6, 202494$310.6MVanEck Morningstar Wide Moat ETFState Street SPDR Portfolio S&P 500 ETFVanguard Intermediate-Term Corporate Bond ETFvs. Q4 2023SEC
Q4 2023Feb 8, 2024118$275.4MVanEck Morningstar Wide Moat ETFState Street SPDR Portfolio S&P 500 ETFVanguard Intermediate-Term Corporate Bond ETFvs. Q3 2023SEC
Q3 2023Oct 31, 202382$201.2MVanEck Morningstar Wide Moat ETFState Street SPDR Portfolio S&P 500 ETFSchwab US Dividend Equity ETFvs. Q2 2023SEC
Q2 2023Aug 2, 202383$200.5MState Street SPDR Portfolio S&P 500 ETFSchwab US Dividend Equity ETFVanEck Morningstar Wide Moat ETFvs. Q1 2023SEC
Q1 2023May 1, 202383$164.7MState Street SPDR Portfolio S&P 500 ETFSchwab US Dividend Equity ETFiShares Core S&P Small Cap ETFvs. Q4 2022SEC
Q4 2022Feb 7, 2023155$145.8MSchwab US Dividend Equity ETFState Street SPDR Portfolio S&P 500 ETFProShares Trvs. Q3 2022SEC
Q3 2022Nov 9, 202283$204.1MSPDR Series TrustSchwab US Dividend Equity ETFInvesco Exchange Traded FD Tvs. Q2 2022SEC
Q2 2022Aug 17, 202283$211.8MSPDR Series TrustSchwab US Dividend Equity ETFInvesco Exchange Traded FD Tvs. Q1 2022SEC
Q1 2022May 17, 202287$268.2MSPDR Series TrustInvesco Exchange Traded FD TSchwab US Dividend Equity ETFvs. Q4 2021SEC
Q4 2021Feb 2, 202286$182.6MSPYDIASchwab US Dividend Equity ETFvs. Q3 2021SEC
Q3 2021Nov 10, 202189$198.5MSPYiShares TrDIAvs. Q2 2021SEC
Q2 2021Aug 10, 202187$207.4MSPYiShares TrDIAvs. Q1 2021SEC
Q1 2021May 10, 202181$191.6MSPYiShares TrDIA–SEC