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Livermore
Livermore
ZHEN

Intrinsic Value Partners, LLC

SEC CIK
0001910364
Latest filing
Jul 14, 2026

The latest 13F from Intrinsic Value Partners, LLC covers Q2 2026 (filed Jul 14, 2026): 73 long positions worth $146.3M. The top 10 holdings make up 54.7% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 10.7%. Livermore has 19 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
4
Est. +$1.21M
Added
15
Est. +$2.80M
Reduced
29
Est. −$3.05M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    10.7%$15.7MHistory
  2. BRK.BBerkshire Hathaway Inc
    10.3%$15.1MHistory
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    6.5%$9.58MHistory
  4. GOOGLAlphabet Inc.
    5.7%$8.27MHistory
  5. Vanguard Morningstar Value ETF922908744
    4.3%$6.28M

Biggest buys

New and added positions, by estimated amount bought

  1. KNSLKinsale Capital Group, Inc.
    +$606.9KAddedHistory
  2. Vanguard Morningstar Value ETF922908744
    +$599.3KAdded
  3. Capital Group Intl Focus EQT14019W109
    +$444.9KNew
  4. iShares Core S&P Small Cap ETF464287804
    +$280.3KAdded
  5. CSCOCisco Systems, Inc.
    +$278.7KNewHistory

Largest weight increases

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

  1. Vanguard Morningstar Value ETF922908744
    +0.35 pp3.9% → 4.3%
  2. iShares Core S&P Small Cap ETF464287804
    +0.31 pp2.0% → 2.4%
  3. Capital Group Intl Focus EQT14019W109
    +0.30 pp0.0% → 0.3%
  4. CSCOCisco Systems, Inc.
    +0.19 pp0.0% → 0.2%History
  5. INTCIntel Corp
    +0.18 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGLAlphabet Inc.
    −$850.5KReducedHistory
  2. ASMLASML Holding NV
    −$630.7KReducedHistory
  3. GOOGAlphabet Inc.
    −$466.4KReducedHistory
  4. UIUbiquiti Inc.
    −$196.5KReducedHistory
  5. BNYBank of New York Mellon Corp
    −$179.3KReducedHistory

Largest weight decreases

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

  1. BRK.BBerkshire Hathaway Inc
    −0.84 pp11.2% → 10.3%History
  2. OXYOccidental Petroleum Corp
    −0.72 pp2.1% → 1.4%History
  3. UIUbiquiti Inc.
    −0.66 pp1.3% → 0.6%History
  4. JOEST JOE Co
    −0.58 pp4.5% → 3.9%History
  5. SCHWSchwab Charles Corp
    −0.50 pp3.8% → 3.3%History

Metrics

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

Portfolio value
$146.3M
+$16.6M (+12.8%) vs. prior quarter
Positions
73
+4 vs. prior quarter
Top 10 concentration
54.7%
Top 10 as share of value
Turnover
2.2%
Q2 2026, one quarter
Average holding period
15.2 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 $146.3M (Q2 2026)

Q4 2021: $93.8MQ1 2022: $94.4MQ2 2022: $78.4MQ3 2022: $72.0MQ4 2022: $73.0MQ1 2023: $73.9MQ2 2023: $79.3MQ3 2023: $77.8MQ4 2023: $85.7MQ1 2024: $93.8MQ2 2024: $95.9MQ3 2024: $99.9MQ4 2024: $99.6MQ1 2025: $101.3MQ2 2025: $112.4MQ3 2025: $123.5MQ4 2025: $133.3MQ1 2026: $129.8MQ2 2026: $146.3M
Q4 2021Q2 2026
13F filings of Intrinsic Value Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 14, 202673$146.3MGOOGBRK.BTSMvs. Q1 2026SEC
Q1 2026Apr 28, 202669$129.8MBRK.BGOOGGOOGLvs. Q4 2025SEC
Q4 2025Jan 21, 202669$133.3MBRK.BGOOGGOOGLvs. Q3 2025SEC
Q3 2025Nov 14, 202567$123.5MBRK.BGOOGMETAvs. Q2 2025SEC
Q2 2025Jul 21, 202567$112.4MBRK.BGOOGMETAvs. Q1 2025SEC
Q1 2025May 8, 202566$101.3MBRK.BGOOGJOEvs. Q4 2024SEC
Q4 2024Jan 30, 202559$99.6MBRK.BGOOGMETAvs. Q3 2024SEC
Q3 2024Nov 4, 202462$99.9MBRK.BGOOGJOEvs. Q2 2024SEC
Q2 2024Jul 25, 202459$95.9MBRK.BGOOGJOEvs. Q1 2024SEC
Q1 2024Apr 22, 202456$93.8MBRK.BGOOGJOEvs. Q4 2023SEC
Q4 2023Feb 7, 202453$85.7MBRK.BGOOGJOEvs. Q3 2023SEC
Q3 2023Oct 17, 202352$77.8MBRK.BGOOGJOEvs. Q2 2023SEC
Q2 2023Aug 2, 202354$79.3MBRK.BGOOGJOEvs. Q1 2023SEC
Q1 2023Apr 18, 202354$73.9MBRK.BGOOGJOEvs. Q4 2022SEC
Q4 2022Jan 12, 202353$73.0MBRK.BGOOGJOEvs. Q3 2022SEC
Q3 2022Oct 14, 202253$72.0MBRK.BGOOGJOEvs. Q2 2022SEC
Q2 2022Jul 18, 202253$78.4MBRK.BGOOGJOEvs. Q1 2022SEC
Q1 2022Apr 28, 202248$94.4MBRK.BGOOGJOEvs. Q4 2021SEC
Q4 2021Feb 10, 202247$93.8MBRK.BGOOGJOE–SEC