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Livermore
Livermore
ZHEN

Davidson Kahn Capital Management, LLC

SEC CIK
0002055535
Latest filing
Jul 14, 2026

The latest 13F from Davidson Kahn Capital Management, LLC covers Q2 2026 (filed Jul 14, 2026): 72 long positions worth $232.8M. The top 10 holdings make up 59.4% of the portfolio, and the largest is Invesco Exchange Traded FD T at 9.6%. Livermore has 7 filings on Form 13F from this institution, going back to Q4 2024.

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
11
Est. +$3.58M
Added
31
Est. +$19.6M
Reduced
22
Est. −$1.24M
Sold out
1
Est. −$246.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco Exchange Traded FD T46137V357
    9.6%$22.5M
  2. Vanguard S&P 500 ETF922908363
    9.0%$20.9M
  3. Schwab U.S. Broad Market ETF808524102
    8.6%$20.0M
  4. Invesco QQQ Trust Series I46090E103
    8.3%$19.3M
  5. Vanguard Star FDS921909768
    5.5%$12.8M

Share of portfolio

Top 5 holdings and the other 67 positions, by share of portfolio value

  1. Invesco Exchange Traded FD T9.6%
  2. Vanguard S&P 500 ETF9.0%
  3. Schwab U.S. Broad Market ETF8.6%
  4. Invesco QQQ Trust Series I8.3%
  5. Vanguard Star FDS5.5%
  6. Other 67 positions59.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab U.S. Broad Market ETF808524102
    +$2.48MAdded
  2. Vanguard Star FDS921909768
    +$2.10MAdded
  3. Invesco QQQ Trust Series I46090E103
    +$1.74MAdded
  4. AVGOBroadcom Inc.
    +$1.70MAddedHistory
  5. Invesco Exchange Traded FD T46137V357
    +$1.47MAdded

Largest weight increases

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

  1. Invesco QQQ Trust Series I46090E103
    +0.91 pp7.4% → 8.3%
  2. PRMPerimeter Solutions, Inc.
    +0.86 pp3.5% → 4.4%History
  3. AVGOBroadcom Inc.
    +0.73 pp0.3% → 1.0%History
  4. IBRXImmunityBio, Inc.
    +0.61 pp0.0% → 0.6%History
  5. SPYSPDR S&P 500 ETF Trust
    +0.45 pp0.9% → 1.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$364.0KReducedHistory
  2. CSGPCostar Group, Inc.
    −$246.7KSold outHistory
  3. GOOGAlphabet Inc.
    −$128.3KReducedHistory
  4. CRWDCrowdStrike Holdings, Inc.
    −$100.7KReducedHistory
  5. TSLATesla, Inc.
    −$87.1KReducedHistory

Largest weight decreases

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

  1. MKLMarkel Group Inc.
    −0.33 pp1.8% → 1.5%History
  2. APGAPi Group Corp
    −0.31 pp1.9% → 1.6%History
  3. BROBrown & Brown, Inc.
    −0.31 pp1.5% → 1.1%History
  4. WisdomTree Tr97717W570
    −0.30 pp2.9% → 2.6%
  5. BNBROOKFIELD Corp
    −0.30 pp1.9% → 1.6%History

Metrics

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

Portfolio value
$232.8M
+$45.2M (+24.1%) vs. prior quarter
Positions
72
+10 vs. prior quarter
Top 10 concentration
59.4%
Top 10 as share of value
Turnover
0.7%
Q2 2026, one quarter
Average holding period
6.4 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

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

Peak $232.8M (Q2 2026)

Q4 2024: $107.8MQ1 2025: $129.4MQ2 2025: $156.0MQ3 2025: $179.5MQ4 2025: $192.4MQ1 2026: $187.6MQ2 2026: $232.8M
Q4 2024Q2 2026
13F filings of Davidson Kahn Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 14, 202672$232.8MInvesco Exchange Traded FD TVanguard S&P 500 ETFSchwab U.S. Broad Market ETFvs. Q1 2026SEC
Q1 2026Apr 23, 202662$187.6MInvesco Exchange Traded FD TVanguard S&P 500 ETFSchwab U.S. Broad Market ETFvs. Q4 2025SEC
Q4 2025Jan 28, 202659$192.4MVanguard S&P 500 ETFInvesco Exchange Traded FD TInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Oct 31, 202560$179.5MVanguard S&P 500 ETFInvesco Exchange Traded FD TInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Jul 22, 202558$156.0MVanguard S&P 500 ETFInvesco Exchange Traded FD TInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025Apr 23, 202553$129.4MVanguard S&P 500 ETFInvesco Exchange Traded FD TAMZNvs. Q4 2024SEC
Q4 2024Feb 14, 202553$107.8MInvesco Exchange Traded FD TVanguard S&P 500 ETFInvesco QQQ Trust Series I–SEC