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Livermore
Livermore
ZHEN

Coerente Capital Management

SEC CIK
0001860790
Latest filing
Jul 22, 2026

The latest 13F from Coerente Capital Management covers Q2 2026 (filed Jul 22, 2026): 43 long positions worth $543.3M. The top 10 holdings make up 59.4% of the portfolio, and the largest is Alphabet Inc. (GOOGL) at 8.2%. 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
2
Est. +$6.84M
Added
17
Est. +$8.53M
Reduced
13
Est. −$20.5M
Sold out
6
Est. −$7.04M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGLAlphabet Inc.
    8.2%$44.4MHistory
  2. MSFTMicrosoft Corp
    7.9%$43.1MHistory
  3. JNJJohnson & Johnson
    7.3%$39.7MHistory
  4. AMZNAmazon Com Inc
    6.1%$33.2MHistory
  5. VVisa Inc.
    5.7%$30.9MHistory

Share of portfolio

Top 5 holdings and the other 38 positions, by share of portfolio value

  1. GOOGL8.2%
  2. MSFT7.9%
  3. JNJ7.3%
  4. AMZN6.1%
  5. V5.7%
  6. Other 38 positions64.8%

Biggest buys

New and added positions, by estimated amount bought

  1. NVDANVIDIA Corp
    +$5.50MNewHistory
  2. SAPSAP SE
    +$3.53MAddedHistory
  3. XOMExxonMobil Holdings Corp
    +$1.34MNewHistory
  4. ABTAbbott Laboratories
    +$1.23MAddedHistory
  5. ADPAutomatic Data Processing Inc
    +$518.4KAddedHistory

Largest weight increases

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

  1. NVDANVIDIA Corp
    +1.01 pp0.0% → 1.0%History
  2. AMZNAmazon Com Inc
    +0.73 pp5.4% → 6.1%History
  3. VVisa Inc.
    +0.69 pp5.0% → 5.7%History
  4. USBUS Bancorp DE
    +0.63 pp4.2% → 4.8%History
  5. ADPAutomatic Data Processing Inc
    +0.51 pp4.6% → 5.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGLAlphabet Inc.
    −$17.5MReducedHistory
  2. CVSCVS Health Corp
    −$4.35MSold outHistory
  3. XOMExxonMobil Holdings Corp
    −$1.68MSold outHistory
  4. OTISOtis Worldwide Corp
    −$1.29MReducedHistory
  5. Vanguard S&P 500 ETF922908363
    −$686.4KReduced

Largest weight decreases

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

  1. GOOGLAlphabet Inc.
    −1.10 pp9.3% → 8.2%History
  2. CVSCVS Health Corp
    −0.81 pp0.8% → 0.0%History
  3. OTISOtis Worldwide Corp
    −0.50 pp3.3% → 2.8%History
  4. XOMExxonMobil Holdings Corp
    −0.31 pp0.3% → 0.0%History
  5. CVXChevron Corp
    −0.18 pp0.8% → 0.6%History

Metrics

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

Portfolio value
$543.3M
+$5.88M (+1.1%) vs. prior quarter
Positions
43
−4 vs. prior quarter
Top 10 concentration
59.4%
Top 10 as share of value
Turnover
2.8%
Q2 2026, one quarter
Average holding period
20.7 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 $563.0M (Q3 2025)

Q1 2021: $457.3MQ2 2021: $482.5MQ3 2021: $483.0MQ4 2021: $529.2MQ1 2022: $500.7MQ2 2022: $447.5MQ3 2022: $415.9MQ4 2022: $453.7MQ1 2023: $444.9MQ2 2023: $465.5MQ3 2023: $448.4MQ4 2023: $489.0MQ1 2024: $529.1MQ2 2024: $512.3MQ3 2024: $536.2MQ4 2024: $536.1MQ1 2025: $513.3MQ2 2025: $543.8MQ3 2025: $563.0MQ4 2025: $548.0MQ1 2026: $537.4MQ2 2026: $543.3M
Q1 2021Q2 2026
13F filings of Coerente Capital Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 202643$543.3MGOOGLMSFTJNJvs. Q1 2026SEC
Q1 2026Apr 17, 202647$537.4MGOOGLMSFTJNJvs. Q4 2025SEC
Q4 2025Jan 23, 202649$548.0MGOOGLMSFTJNJvs. Q3 2025SEC
Q3 2025Oct 23, 202539$563.0MGOOGLMSFTSAPvs. Q2 2025SEC
Q2 2025Jul 24, 202539$543.8MMSFTGOOGLSAPvs. Q1 2025SEC
Q1 2025Apr 15, 202538$513.3MMSFTGOOGLFISVvs. Q4 2024SEC
Q4 2024Jan 24, 202542$536.1MGOOGLMSFTFISVvs. Q3 2024SEC
Q3 2024Oct 23, 202446$536.2MMSFTGOOGLFISVvs. Q2 2024SEC
Q2 2024Jul 29, 202444$512.3MMSFTGOOGLFISVvs. Q1 2024SEC
Q1 2024Apr 22, 202445$529.1MMSFTGOOGLFISVvs. Q4 2023SEC
Q4 2023Jan 22, 202441$489.0MMSFTGOOGLITWvs. Q3 2023SEC
Q3 2023Oct 19, 202335$448.4MMSFTGOOGLADPvs. Q2 2023SEC
Q2 2023Jul 20, 202335$465.5MMSFTGOOGLFISVvs. Q1 2023SEC
Q1 2023Apr 19, 202336$444.9MMSFTGOOGLADPvs. Q4 2022SEC
Q4 2022Jan 12, 202336$453.7MMSFTPFEJNJvs. Q3 2022SEC
Q3 2022Oct 18, 202234$415.9MMSFTGOOGLADPvs. Q2 2022SEC
Q2 2022Jul 20, 202234$447.5MMSFTGOOGLPFEvs. Q1 2022SEC
Q1 2022Apr 22, 202237$500.7MMSFTGOOGLADPvs. Q4 2021SEC
Q4 2021Jan 20, 202239$529.2MMSFTGOOGLPFEvs. Q3 2021SEC
Q3 2021Oct 26, 202140$483.0MMSFTGOOGLABTvs. Q2 2021SEC
Q2 2021Jul 15, 202141$482.5MMSFTGOOGLABTvs. Q1 2021SEC
Q1 2021May 6, 202141$457.3MMSFTGOOGLABT–SEC