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Livermore
Livermore
ZHEN

Davis Capital Management

SEC CIK
0001811806
Latest filing
Jul 16, 2026

The latest 13F from Davis Capital Management covers Q2 2026 (filed Jul 16, 2026): 1,270 long positions worth $168.9M. The top 10 holdings make up 44.1% of the portfolio, and the largest is Schwab U.S. Broad Market ETF at 14.6%. Livermore has 10 filings on Form 13F from this institution, going back to Q4 2023.

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
699
Est. +$2.77M
Added
364
Est. +$9.61M
Reduced
75
Est. −$3.61M
Sold out
18
Est. −$1.49M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Broad Market ETF808524102
    14.6%$24.6M
  2. Schwab International Equity ETF808524805
    5.8%$9.74M
  3. Schwab US Dividend Equity ETF808524797
    5.0%$8.36M
  4. Schwab U.S. Small-Cap ETF808524607
    4.2%$7.15M
  5. GOOGAlphabet Inc.
    3.5%$5.83MHistory

Share of portfolio

Top 5 holdings and the other 1,265 positions, by share of portfolio value

  1. Schwab U.S. Broad Market ETF14.6%
  2. Schwab International Equity ETF5.8%
  3. Schwab US Dividend Equity ETF5.0%
  4. Schwab U.S. Small-Cap ETF4.2%
  5. GOOG3.5%
  6. Other 1,265 positions67.0%

Biggest buys

New and added positions, by estimated amount bought

  1. XOMExxonMobil Holdings Corp
    +$1.10MNewHistory
  2. BALLBALL Corp
    +$482.5KAddedHistory
  3. AAPLApple Inc.
    +$481.8KAddedHistory
  4. Schwab U.S. Broad Market ETF808524102
    +$430.7KAdded
  5. Schwab International Equity ETF808524805
    +$386.4KAdded

Largest weight increases

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

  1. XOMExxonMobil Holdings Corp
    +0.65 pp0.0% → 0.7%History
  2. Schwab U.S. Small-Cap ETF808524607
    +0.44 pp3.8% → 4.2%
  3. Schwab U.S. Broad Market ETF808524102
    +0.36 pp14.2% → 14.6%
  4. BALLBALL Corp
    +0.29 pp<0.1% → 0.3%History
  5. AAPLApple Inc.
    +0.27 pp2.6% → 2.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$1.46MSold outHistory
  2. CSCOCisco Systems, Inc.
    −$529.0KReducedHistory
  3. CSGPCostar Group, Inc.
    −$370.7KReducedHistory
  4. Schwab US Dividend Equity ETF808524797
    −$225.4KReduced
  5. AKAMAkamai Technologies Inc
    −$221.3KReducedHistory

Largest weight decreases

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

  1. XOMExxonMobil Holdings Corp
    −0.99 pp1.0% → 0.0%History
  2. Schwab US Dividend Equity ETF808524797
    −0.68 pp5.6% → 5.0%
  3. GGenpact LTD
    −0.50 pp1.1% → 0.6%History
  4. WMTWalmart Inc.
    −0.40 pp1.8% → 1.4%History
  5. CSGPCostar Group, Inc.
    −0.36 pp0.4% → <0.1%History

Metrics

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

Portfolio value
$168.9M
+$21.4M (+14.5%) vs. prior quarter
Positions
1,270
+681 vs. prior quarter
Top 10 concentration
44.1%
Top 10 as share of value
Turnover
3.2%
Q2 2026, one quarter
Average holding period
3.9 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 (Q4 2023), so positions held before then are understated.

13F filings by quarter

10 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $168.9M (Q2 2026)

Q4 2023: $104.2MQ1 2024: $112.2MQ2 2024: $115.1MQ3 2024: $126.4MQ4 2024: $122.8MQ1 2025: $125.4MQ3 2025: $144.3MQ4 2025: $145.3MQ1 2026: $147.5MQ2 2026: $168.9M
Q4 2023Q2 2026
13F filings of Davis Capital Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 20261,270$168.9MSchwab U.S. Broad Market ETFSchwab International Equity ETFSchwab US Dividend Equity ETFvs. Q1 2026SEC
Q1 2026Apr 16, 2026589$147.5MSchwab U.S. Broad Market ETFSchwab International Equity ETFSchwab US Dividend Equity ETFvs. Q4 2025SEC
Q4 2025Jan 28, 2026603$145.3MSchwab U.S. Broad Market ETFSchwab International Equity ETFSchwab US Dividend Equity ETFvs. Q3 2025SEC
Q3 2025Oct 21, 2025615$144.3MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFSchwab International Equity ETF–SEC
Q1 2025Apr 11, 2025317$125.4MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFSchwab International Equity ETFvs. Q4 2024SEC
Q4 2024Jan 17, 2025314$122.8MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFSchwab International Equity ETFvs. Q3 2024SEC
Q3 2024Oct 1, 2024335$126.4MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFSchwab International Equity ETFvs. Q2 2024SEC
Q2 2024Jul 2, 2024318$115.1MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFSchwab International Equity ETFvs. Q1 2024SEC
Q1 2024Apr 5, 2024293$112.2MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFSchwab International Equity ETFvs. Q4 2023SEC
Q4 2023Feb 14, 2024297$104.2MSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFSchwab International Equity ETF–SEC