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Livermore
Livermore
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Value Base Ltd.

SEC CIK
0001992355
Latest filing
Nov 10, 2026

The latest 13F from Value Base Ltd. covers Q3 2026 (filed Nov 10, 2026): 6 long positions worth $150.5M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Cognyte Software Ltd. (CGNT) at 37.3%. Livermore has 8 filings on Form 13F from this institution, going back to Q4 2024.

What changed in Q3 2026

Full comparison

Share counts compared with Q2 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.

New
0
Added
2
Est. +$611.5K
Reduced
0
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. CGNTCognyte Software Ltd.
    37.3%$56.1MHistory
  2. VLNValens Semiconductor Ltd.
    26.9%$40.4MHistory
  3. AUDCAudiocodes Ltd
    18.7%$28.1MHistory
  4. PERIPerion Network Ltd.
    9.0%$13.5MHistory
  5. RDCMRadcom Ltd
    6.3%$9.51MHistory

Share of portfolio

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

  1. CGNT37.3%
  2. VLN26.9%
  3. AUDC18.7%
  4. PERI9.0%
  5. RDCM6.3%
  6. Other 1 position2.0%

Biggest buys

New and added positions, by estimated amount bought

  1. RDCMRadcom Ltd
    +$590.4KAddedHistory
  2. VLNValens Semiconductor Ltd.
    +$21.1KAddedHistory

Largest weight increases

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

None this quarter.

Biggest sells

Reduced and sold-out positions, by estimated amount sold

None this quarter.

Largest weight decreases

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

None this quarter.

Metrics

13F metrics for Q3 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$150.5M
−$11.8M (−7.3%) vs. prior quarter
Positions
6
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.0%
Q3 2026, one quarter
Average holding period
7.9 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 2024), so positions held before then are understated.

13F filings by quarter

8 quarters, going back to Q4 2024. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $175.0M (Q2 2025)

Q4 2024: $163.3MQ1 2025: $152.9MQ2 2025: $175.0MQ3 2025: $141.2MQ4 2025: $133.5MQ1 2026: $126.9MQ2 2026: $162.3MQ3 2026: $150.5M
Q4 2024Q3 2026
13F filings of Value Base Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2026Nov 10, 20266$150.5MCGNTVLNAUDCvs. Q2 2026SEC
Q2 2026Jul 29, 20266$162.3MCGNTVLNAUDCvs. Q1 2026SEC
Q1 2026May 6, 20267$126.9MCGNTVLNAUDCvs. Q4 2025SEC
Q4 2025Feb 9, 20268$133.5MCGNTVLNAUDCvs. Q3 2025SEC
Q3 2025Oct 30, 20257$141.2MCGNTVLNAUDCvs. Q2 2025SEC
Q2 2025Jul 31, 20257$175.0MVLNCGNTPERIvs. Q1 2025SEC
Q1 2025May 8, 20258$152.9MCGNTVLNAUDCvs. Q4 2024SEC
Q4 2024Feb 11, 20258$163.3MVLNCGNTTEAD–SEC

13D and 13G filings

Companies where Value Base Ltd. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

5 companies, largest stake first.

Companies where Value Base Ltd. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
VLNValens Semiconductor Ltd.13D/A20.79%21.3M shares+1.36 ppfrom 19.43%Sep 28, 20238 filingsNov 24, 2025SEC
SHL Telemedicine LtdOrdinary shares, nominal value NIS 0.01 per share13D/A15.18%5.62M shares–Dec 21, 20233 filingsDec 5, 2025SEC
AUDCAudiocodes Ltd13G/A11.54%3.09M shares+1.13 ppfrom 10.41%Jul 16, 20244 filingsMay 11, 2026SEC
RDCMRadcom Ltd13D/A5.27%865.0K shares0.00 ppfrom 5.27%Feb 13, 20243 filingsMar 26, 2026SEC
TEADTeads Holding Co.13G/A5.06%4.75M shares–Aug 7, 20243 filingsApr 9, 2025SEC

Latest filings

35 filings on file made by Value Base Ltd. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Value Base Ltd.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
AUDCAudiocodes LtdMay 11, 20266:04 AM ET13G/A11.54%3.09M shares+1.13 ppfrom 10.41%Mar 31, 2026SEC
RDCMRadcom LtdMar 26, 20266:00 AM ET13D/A5.27%865.0K shares0.00 ppfrom 5.27%Mar 25, 2026SEC
RDCMRadcom LtdFeb 17, 20269:21 AM ET13D5.27%865.0K shares–Feb 17, 2026SEC
AUDCAudiocodes LtdFeb 5, 20261:55 PM ET13G/A10.41%2.79M shares+2.27 ppfrom 8.14%Feb 4, 2026SEC
SHL Telemedicine LtdOrdinary shares, nominal value NIS 0.01 per shareDec 5, 20259:00 AM ET13D/A15.18%5.62M shares–Dec 3, 2025SEC
VLNValens Semiconductor Ltd.Nov 24, 20252:13 PM ET13D/A20.79%21.3M shares+1.36 ppfrom 19.43%Nov 20, 2025SEC
PERIPerion Network Ltd.Oct 30, 202512:19 PM ET13G/A4.14%1.86M shares−1.47 ppfrom 5.61%Below 5%Sep 30, 2025SEC
PERIPerion Network Ltd.Jul 15, 20252:00 PM ET13G/A5.61%2.53M shares0.00 ppfrom 5.61%Jul 14, 2025SEC
PERIPerion Network Ltd.Jul 14, 20252:54 PM ET13D/A5.61%2.53M shares−0.16 ppfrom 5.77%Jul 14, 2025SEC
PERIPerion Network Ltd.Jun 30, 20252:39 PM ET13D/A5.77%2.60M shares−0.08 ppfrom 5.85%Jun 26, 2025SEC
PERIPerion Network Ltd.Apr 21, 20252:00 PM ET13D5.85%2.63M shares+0.84 ppfrom 5.01%Apr 21, 2025SEC
TEADTeads Holding Co.Apr 9, 202510:25 AM ET13G/A5.06%4.75M shares–Apr 7, 2025SEC
PERIPerion Network Ltd.Mar 3, 202510:49 AM ET13G5.01%2.25M sharesNewFeb 26, 2025SEC
VLNValens Semiconductor Ltd.Jan 30, 20251:18 PM ET13D/A19.43%20.6M shares–Oct 31, 2024SEC
AUDCAudiocodes LtdJan 22, 20254:56 PM ET13G/A8.14%2.46M shares–Dec 31, 2024SEC
TEADTeads Holding Co.Nov 7, 202413G/AOld format–––SEC
CGNTCognyte Software Ltd.Sep 16, 202413D/AOld format–––SEC
CGNTCognyte Software Ltd.Aug 27, 202413D/AOld format–––SEC
CGNTCognyte Software Ltd.Aug 21, 202413D/AOld format–––SEC
VLNValens Semiconductor Ltd.Aug 8, 202413D/AOld format–––SEC