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Livermore
Livermore
ZHEN

Salvus Wealth Management, LLC

SEC CIK
0001809236
Latest filing
Jul 10, 2026

The latest 13F from Salvus Wealth Management, LLC covers Q2 2026 (filed Jul 10, 2026): 125 long positions worth $178.5M. The top 10 holdings make up 32.3% of the portfolio, and the largest is Berkshire Hathaway Inc (BRK.B) at 4.5%. 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
8
Est. +$5.28M
Added
34
Est. +$3.27M
Reduced
73
Est. −$18.1M
Sold out
9
Est. −$3.63M

Top 5 holdings

Share of this quarter's portfolio value

  1. BRK.BBerkshire Hathaway Inc
    4.5%$8.10MHistory
  2. GOOGAlphabet Inc.
    4.0%$7.05MHistory
  3. ASTSAST SpaceMobile, Inc.
    3.5%$6.26MHistory
  4. SCHWSchwab Charles Corp
    3.5%$6.24MHistory
  5. AAPLApple Inc.
    3.3%$5.81MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SUNBSunbelt Rentals Holdings, Inc.
    +$1.81MNewHistory
  2. RSGRepublic Services, Inc.
    +$789.2KNewHistory
  3. RYNRayonier Inc
    +$699.7KNewHistory
  4. AWIArmstrong World Industries Inc
    +$586.2KAddedHistory
  5. NEENextera Energy Inc
    +$542.4KNewHistory

Largest weight increases

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

  1. STXSeagate Technology Holdings plc
    +1.18 pp0.8% → 2.0%History
  2. SUNBSunbelt Rentals Holdings, Inc.
    +1.02 pp0.0% → 1.0%History
  3. INTCIntel Corp
    +0.85 pp0.4% → 1.3%History
  4. MUMicron Technology Inc
    +0.47 pp0.2% → 0.6%History
  5. RSGRepublic Services, Inc.
    +0.44 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ADIAnalog Devices Inc
    −$3.75MReducedHistory
  2. Goldman Sachs ETF Tr381430529
    −$2.66MReduced
  3. IBPInstalled Building Products, Inc.
    −$1.40MReducedHistory
  4. NUNu Holdings Ltd.
    −$998.7KSold outHistory
  5. GLWCorning Inc
    −$773.4KReducedHistory

Largest weight decreases

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

  1. Goldman Sachs ETF Tr381430529
    −1.60 pp3.1% → 1.4%
  2. ADIAnalog Devices Inc
    −1.59 pp2.5% → 0.9%History
  3. IBPInstalled Building Products, Inc.
    −1.23 pp2.7% → 1.5%History
  4. NUNu Holdings Ltd.
    −0.58 pp0.6% → 0.0%History
  5. SCHWSchwab Charles Corp
    −0.42 pp3.9% → 3.5%History

Metrics

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

Portfolio value
$178.5M
+$6.52M (+3.8%) vs. prior quarter
Positions
125
−1 vs. prior quarter
Top 10 concentration
32.3%
Top 10 as share of value
Turnover
4.9%
Q2 2026, one quarter
Average holding period
17.0 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 $179.0M (Q3 2025)

Q1 2021: $107.1MQ2 2021: $118.6MQ3 2021: $122.5MQ4 2021: $136.8MQ1 2022: $130.9MQ2 2022: $111.7MQ3 2022: $105.0MQ4 2022: $109.0MQ1 2023: $123.6MQ2 2023: $130.0MQ3 2023: $126.3MQ4 2023: $140.6MQ1 2024: $146.4MQ2 2024: $145.7MQ3 2024: $162.9MQ4 2024: $156.8MQ1 2025: $159.5MQ2 2025: $171.3MQ3 2025: $179.0MQ4 2025: $178.8MQ1 2026: $172.0MQ2 2026: $178.5M
Q1 2021Q2 2026
13F filings of Salvus Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 10, 2026125$178.5MBRK.BGOOGASTSvs. Q1 2026SEC
Q1 2026Apr 10, 2026126$172.0MBRK.BSCHWASTSvs. Q4 2025SEC
Q4 2025Jan 12, 2026136$178.8MBRK.BSCHWASTSvs. Q3 2025SEC
Q3 2025Oct 14, 2025133$179.0MBRK.BSCHWPGRvs. Q2 2025SEC
Q2 2025Jul 14, 2025126$171.3MBRK.BSCHWPGRvs. Q1 2025SEC
Q1 2025Apr 10, 2025121$159.5MBRK.BPGRGOOGvs. Q4 2024SEC
Q4 2024Jan 15, 2025118$156.8MBRK.BGOOGAAPLvs. Q3 2024SEC
Q3 2024Oct 7, 2024115$162.9MBRK.BGOOGPGRvs. Q2 2024SEC
Q2 2024Jul 17, 2024110$145.7MGOOGBRK.BPGRvs. Q1 2024SEC
Q1 2024Apr 12, 2024106$146.4MBRK.BGOOGPGRvs. Q4 2023SEC
Q4 2023Jan 9, 2024108$140.6MGOOGBRK.BELvs. Q3 2023SEC
Q3 2023Oct 11, 2023103$126.3MGOOGBRK.BELvs. Q2 2023SEC
Q2 2023Jul 14, 2023102$130.0MELGOOGBRK.Bvs. Q1 2023SEC
Q1 2023Apr 11, 2023104$123.6MELGOOGBRK.Bvs. Q4 2022SEC
Q4 2022Jan 19, 202395$109.0MELBRK.BGOOGvs. Q3 2022SEC
Q3 2022Oct 12, 202298$105.0MELGOOGBRK.Bvs. Q2 2022SEC
Q2 2022Jul 11, 202298$111.7MELGOOGPGRvs. Q1 2022SEC
Q1 2022Apr 11, 202297$130.9MELGOOGBRK.Bvs. Q4 2021SEC
Q4 2021Jan 19, 2022102$136.8MELGOOGBRK.Bvs. Q3 2021SEC
Q3 2021Oct 5, 2021102$122.5MELGOOGBRK.Bvs. Q2 2021SEC
Q2 2021Jul 9, 202195$118.6MELGOOGBRK.Bvs. Q1 2021SEC
Q1 2021Apr 9, 202184$107.1MELBRK.BGOOG–SEC