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Livermore
Livermore
ZHEN

Auxano Advisors, LLC

SEC CIK
0001811491
Latest filing
Aug 7, 2026

The latest 13F from Auxano Advisors, LLC covers Q2 2026 (filed Aug 7, 2026): 207 long positions worth $527.8M. The top 10 holdings make up 54.5% of the portfolio, and the largest is Apple Inc. (AAPL) at 11.4%. 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
22
Est. +$6.70M
Added
66
Est. +$17.8M
Reduced
89
Est. −$31.4M
Sold out
14
Est. −$7.04M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    11.4%$60.2MHistory
  2. MSFTMicrosoft Corp
    9.3%$49.2MHistory
  3. Gmo ETF Trust90139K100
    7.5%$39.6M
  4. AMZNAmazon Com Inc
    5.4%$28.7MHistory
  5. PHYSSprott Physical Gold Trust
    5.3%$28.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MSFTMicrosoft Corp
    +$5.70MAddedHistory
  2. NEMNEWMONT Corp
    +$3.64MAddedHistory
  3. KGCKinross Gold Corp
    +$1.39MAddedHistory
  4. iShares Tr46434V456
    +$1.24MAdded
  5. SSRMSSR Mining Inc.
    +$852.4KNewHistory

Largest weight increases

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

  1. MSFTMicrosoft Corp
    +0.71 pp8.6% → 9.3%History
  2. NEMNEWMONT Corp
    +0.68 pp0.1% → 0.7%History
  3. iShares Tr46434V456
    +0.26 pp1.3% → 1.5%
  4. KGCKinross Gold Corp
    +0.21 pp0.2% → 0.4%History
  5. NVONovo Nordisk A S
    +0.18 pp0.5% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AMZNAmazon Com Inc
    −$9.82MReducedHistory
  2. COSTCostco Wholesale Corp
    −$3.67MReducedHistory
  3. iShares Inc464286392
    −$2.69MReduced
  4. PHYSSprott Physical Gold Trust
    −$2.35MReducedHistory
  5. Vanguard Morningstar Mid-Cap Growth ETF922908538
    −$2.09MReduced

Largest weight decreases

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

  1. PHYSSprott Physical Gold Trust
    −1.81 pp7.1% → 5.3%History
  2. COSTCostco Wholesale Corp
    −1.28 pp5.4% → 4.1%History
  3. AMZNAmazon Com Inc
    −1.28 pp6.7% → 5.4%History
  4. iShares Inc464286392
    −0.47 pp0.6% → 0.1%
  5. WRNWestern Copper & Gold Corp
    −0.36 pp0.6% → 0.2%History

Metrics

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

Portfolio value
$527.8M
+$26.5M (+5.3%) vs. prior quarter
Positions
207
+8 vs. prior quarter
Top 10 concentration
54.5%
Top 10 as share of value
Turnover
4.8%
Q2 2026, one quarter
Average holding period
17.3 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 $527.8M (Q2 2026)

Q1 2021: $162.7MQ2 2021: $218.8MQ3 2021: $222.6MQ4 2021: $223.6MQ1 2022: $234.9MQ2 2022: $202.1MQ3 2022: $217.5MQ4 2022: $221.1MQ1 2023: $250.1MQ2 2023: $250.0MQ3 2023: $244.6MQ4 2023: $297.7MQ1 2024: $343.4MQ2 2024: $361.7MQ3 2024: $386.3MQ4 2024: $396.8MQ1 2025: $377.4MQ2 2025: $428.3MQ3 2025: $470.3MQ4 2025: $506.4MQ1 2026: $501.3MQ2 2026: $527.8M
Q1 2021Q2 2026
13F filings of Auxano Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 2026207$527.8MAAPLMSFTGmo ETF Trustvs. Q1 2026SEC
Q1 2026May 4, 2026199$501.3MAAPLMSFTPHYSvs. Q4 2025SEC
Q4 2025Feb 6, 2026188$506.4MAAPLMSFTAMZNvs. Q3 2025SEC
Q3 2025Nov 5, 2025172$470.3MMSFTAAPLAMZNvs. Q2 2025SEC
Q2 2025Aug 12, 2025163$428.3MMSFTAAPLAMZNvs. Q1 2025SEC
Q1 2025May 5, 2025162$377.4MMSFTAAPLAMZNvs. Q4 2024SEC
Q4 2024Feb 6, 2025162$396.8MMSFTAAPLAMZNvs. Q3 2024SEC
Q3 2024Nov 7, 2024160$386.3MMSFTAAPLAMZNvs. Q2 2024SEC
Q2 2024Aug 1, 2024150$361.7MMSFTAMZNAAPLvs. Q1 2024SEC
Q1 2024May 3, 2024152$343.4MMSFTAMZNCOSTvs. Q4 2023SEC
Q4 2023Feb 5, 2024131$297.7MMSFTAMZNCOSTvs. Q3 2023SEC
Q3 2023Nov 8, 202399$244.6MMSFTAMZNCOSTvs. Q2 2023SEC
Q2 2023Jul 11, 2023105$250.0MMSFTAMZNJ P Morgan Exchange Traded Fvs. Q1 2023SEC
Q1 2023Apr 28, 2023106$250.1MMSFTAMZNJ P Morgan Exchange Traded Fvs. Q4 2022SEC
Q4 2022Feb 6, 202399$221.1MMSFTJ P Morgan Exchange Traded FAMZNvs. Q3 2022SEC
Q3 2022Nov 2, 202295$217.5MMSFTAMZNJ P Morgan Exchange Traded Fvs. Q2 2022SEC
Q2 2022Aug 5, 202279$202.1MMSFTAMZNJ P Morgan Exchange Traded Fvs. Q1 2022SEC
Q1 2022May 6, 202281$234.9MAMZNMSFTJ P Morgan Exchange Traded Fvs. Q4 2021SEC
Q4 2021Feb 4, 202276$223.6MAMZNMSFTCOSTvs. Q3 2021SEC
Q3 2021Nov 3, 202166$222.6MJ P Morgan Exchange Traded FAMZNMSFTvs. Q2 2021SEC
Q2 2021Aug 6, 202168$218.8MJ P Morgan Exchange Traded FAMZNMSFTvs. Q1 2021SEC
Q1 2021Apr 29, 202163$162.7MAMZNMSFTiShares Tr–SEC