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Livermore
Livermore
ZHEN

Ervin Investment Management, LLC

SEC CIK
0001907802
Latest filing
Jul 14, 2026

The latest 13F from Ervin Investment Management, LLC covers Q2 2026 (filed Jul 14, 2026): 47 long positions worth $184.1M. The top 10 holdings make up 70.0% of the portfolio, and the largest is Berkshire Hathaway Inc (BRK.B) at 21.4%. Livermore has 24 filings on Form 13F from this institution, going back to Q4 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. +$2.63M
Added
13
Est. +$2.08M
Reduced
20
Est. −$4.07M
Sold out
3
Est. −$2.31M

Top 5 holdings

Share of this quarter's portfolio value

  1. BRK.BBerkshire Hathaway Inc
    21.4%$39.4MHistory
  2. SPDR Series Trust78464A805
    8.3%$15.3M
  3. AAPLApple Inc.
    7.7%$14.1MHistory
  4. MSFTMicrosoft Corp
    6.8%$12.4MHistory
  5. GOOGLAlphabet Inc.
    5.4%$9.94MHistory

Share of portfolio

Top 5 holdings and the other 42 positions, by share of portfolio value

  1. BRK.B21.4%
  2. SPDR Series Trust8.3%
  3. AAPL7.7%
  4. MSFT6.8%
  5. GOOGL5.4%
  6. Other 42 positions50.4%

Biggest buys

New and added positions, by estimated amount bought

  1. MELIMercadolibre Inc
    +$1.96MNewHistory
  2. Vanguard S&P 500 ETF922908363
    +$423.1KNew
  3. SGOLabrdn Gold ETF Trust
    +$332.0KAddedHistory
  4. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$323.6KAdded
  5. Vanguard Morningstar Small-Cap Value ETF922908611
    +$285.5KAdded

Largest weight increases

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

  1. MELIMercadolibre Inc
    +1.06 pp0.0% → 1.1%History
  2. SPDR Series Trust78464A805
    +0.64 pp7.7% → 8.3%
  3. JEFJefferies Financial Group Inc.
    +0.32 pp2.2% → 2.5%History
  4. Vanguard Morningstar Small-Cap Value ETF922908611
    +0.29 pp3.5% → 3.8%
  5. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +0.25 pp3.0% → 3.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46436E718
    −$1.82MSold out
  2. BRK.BBerkshire Hathaway Inc
    −$1.18MReducedHistory
  3. GOOGLAlphabet Inc.
    −$644.7KReducedHistory
  4. AAPLApple Inc.
    −$542.3KReducedHistory
  5. XOMExxonMobil Holdings Corp
    −$290.7KReducedHistory

Largest weight decreases

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

  1. BRK.BBerkshire Hathaway Inc
    −1.36 pp22.8% → 21.4%History
  2. iShares Tr46436E718
    −1.07 pp1.1% → 0.0%
  3. XOMExxonMobil Holdings Corp
    −0.71 pp2.2% → 1.5%History
  4. GMGeneral Motors Co
    −0.18 pp3.2% → 3.0%History
  5. BNBROOKFIELD Corp
    −0.15 pp5.5% → 5.4%History

Metrics

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

Portfolio value
$184.1M
+$13.3M (+7.8%) vs. prior quarter
Positions
47
0 vs. prior quarter
Top 10 concentration
70.0%
Top 10 as share of value
Turnover
2.7%
Q2 2026, one quarter
Average holding period
17.5 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 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $184.1M (Q2 2026)

Q4 2021: $125.1MQ1 2022: $130.7MQ2 2022: $107.8MQ3 2022: $100.9MQ4 2022: $109.8MQ1 2023: $114.6MQ2 2023: $124.7MQ3 2023: $119.3MQ4 2023: $130.9MQ1 2024: $142.7MQ2 2024: $144.3MQ3 2024: $155.8MQ4 2024: $155.0MQ1 2025: $148.2MQ2 2025: $159.8MQ3 2025: $174.7MQ4 2025: $178.5MQ1 2026: $170.8MQ2 2026: $184.1M
Q4 2021Q2 2026
13F filings of Ervin Investment Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 14, 202647$184.1MBRK.BSPDR Series TrustAAPLvs. Q1 2026SEC
Q1 2026Apr 8, 202647$170.8MBRK.BSPDR Series TrustAAPLvs. Q4 2025SEC
Q4 2025Jan 23, 2026Amended44$178.5MBRK.BMSFTAAPLvs. Q3 2025SEC
Q3 2025Oct 7, 202542$174.7MBRK.BMSFTAAPLvs. Q2 2025SEC
Q2 2025Jul 22, 202540$159.8MBRK.BMSFTSPDR Series Trustvs. Q1 2025SEC
Q1 2025Apr 9, 202538$148.2MBRK.BMSFTAAPLvs. Q4 2024SEC
Q4 2024Jan 16, 202537$155.0MBRK.BMSFTAAPLvs. Q3 2024SEC
Q3 2024Oct 16, 202439$155.8MBRK.BMSFTAAPLvs. Q2 2024SEC
Q2 2024Jul 22, 202438$144.3MBRK.BMSFTAAPLvs. Q1 2024SEC
Q1 2024Apr 15, 202436$142.7MBRK.BMSFTAAPLvs. Q4 2023SEC
Q4 2023Jan 11, 202435$130.9MBRK.BMSFTAAPLvs. Q3 2023SEC
Q3 2023Oct 16, 202335$119.3MBRK.BMSFTAAPLvs. Q2 2023SEC
Q2 2023Jul 26, 202336$124.7MBRK.BMSFTAAPLvs. Q1 2023SEC
Q1 2023Apr 14, 202335$114.6MBRK.BMSFTAAPLvs. Q4 2022SEC
Q4 2022Apr 14, 2023Amended35$109.8MBRK.BMSFTAAPLvs. Q3 2022SEC
Q3 2022Apr 14, 2023Amended33$100.9MBRK.BAAPLMSFTvs. Q2 2022SEC
Q2 2022Apr 14, 2023Amended33$107.8MBRK.BMSFTAAPLvs. Q1 2022SEC
Q1 2022Apr 14, 2023Amended34$130.7MBRK.BMSFTAAPLvs. Q4 2021SEC
Q4 2021Feb 8, 202231$125.1MBRK.BMSFTAAPL–SEC