PAYDEN & RYGEL
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SPDR GOLD TR | GLD | $69.9M | 183,650 | +1.77pp | 3q | +40.2%+$20.1M | |
| MICROSOFT CORP | MSFT | $68.2M | 133,050 | +2.71pp | 32q | +44.9%+$21.1M | |
| VANECK ETF TRUST | EMLC | $57.5M | 2,316,707 | +1.47pp | 4q | +49.7%+$19.1M | |
| APPLE INC | AAPL | $50.5M | 151,510 | +0.88pp | 32q | +9.5%+$4.4M | |
| AMAZON COM INC | AMZN | $49.4M | 198,180 | +0.87pp | 27q | +20.9%+$8.5M | |
| JPMORGAN CHASE & CO | JPM | $40.1M | 121,160 | +0.08pp | 32q | HELD | |
| ALPHABET INC | GOOGL | $36.6M | 106,273 | -0.03pp | 32q | +0.8%+$300.4K | |
| MORGAN STANLEY | MS | $30.2M | 160,800 | -0.22pp | 32q | HELD | |
| MERCK & CO INC | MRK | $29.2M | 200,660 | +0.30pp | 32q | HELD | |
| NVIDIA CORPORATION | NVDA | $26.5M | 116,180 | +0.33pp | 18q | +1.9%+$488.7K | |
| VALERO ENERGY CORP | VLO | $25.4M | 65,400 | +0.67pp | 5q | HELD | |
| CISCO SYS INC | CSCO | $24.9M | 231,446 | -0.62pp | 32q | -18.9%-$5.8M | |
| ANALOG DEVICES INC | ADI | $22.6M | 57,090 | -0.31pp | 5q | -16.4%-$4.4M | |
| META PLATFORMS INC | META | $22.5M | 31,030 | +0.75pp | 15q | +32.6%+$5.5M | |
| CVS HEALTH CORP | CVS | $22.3M | 260,340 | +0.01pp | 5q | +19.0%+$3.6M | |
| RTX CORPORATION | RTX | $21.2M | 114,000 | flat | 6q | HELD | |
| CHEVRON CORPORATION | CVX | $20.9M | 102,200 | flat | 32q | -20.5%-$5.4M | |
| ENERGY TRANSFER L P | ET | $20.0M | 1,012,090 | +0.08pp | 14q | HELD | |
| ABBVIE INC | ABBV | $19.1M | 73,050 | +0.08pp | 32q | HELD | |
| WALMART INC | WMT | $19.1M | 183,860 | +0.18pp | 32q | +21.1%+$3.3M | |
| GILEAD SCIENCES INC | GILD | $18.8M | 126,360 | +0.25pp | 20q | HELD | |
| GE AEROSPACE | GE | $18.7M | 59,825 | -0.26pp | 11q | HELD | |
| DUKE ENERGY CORP NEW | DUK | $18.1M | 159,140 | -0.46pp | 32q | -17.6%-$3.9M | |
| BANK OF AMER CORP | BAC | $17.8M | 327,200 | -0.04pp | 32q | HELD | |
| MCKESSON CORP | MCK | $17.4M | 20,340 | +0.17pp | 12q | HELD | |
| JOHNSON & JOHNSON | JNJ | $17.2M | 64,900 | +0.08pp | 32q | HELD | |
| ELI LILLY & CO | LLY | $17.0M | 14,670 | -0.02pp | 32q | HELD | |
| SIMON PPTY GROUP INC NEW | SPG | $16.6M | 82,820 | -0.13pp | 24q | HELD | |
| VANGUARD INDEX FDS | VOO | $16.6M | 23,688 | -0.05pp | 7q | -7.6%-$1.4M | |
| ITT INC | ITT | $16.3M | 80,600 | +0.05pp | 10q | HELD | |
| BROADCOM INC | AVGO | $16.0M | 45,452 | -0.07pp | 27q | HELD | |
| AMETEK INC | AME | $15.7M | 63,300 | +0.05pp | 4q | HELD | |
| EATON CORP PLC | ETN | $15.4M | 35,780 | +0.03pp | 20q | HELD | |
| JOHNSON CONTROLS INTERNATION | JCI | $15.2M | 102,100 | +0.14pp | 4q | +9.4%+$1.3M | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $14.9M | 233,700 | +0.36pp | 2q | HELD | |
| CORNING INC | GLW | $14.9M | 96,700 | -1.28pp | 7q | -22.5%-$4.3M | |
| ENTERPRISE PRODS PARTNERS L | EPD | $14.9M | 417,070 | -0.01pp | 22q | HELD | |
| QUEST DIAGNOSTICS INC | DGX | $14.5M | 62,340 | -0.37pp | 6q | -32.8%-$7.1M | |
| Dominion Energy, Inc. | D | $14.5M | 238,900 | -0.51pp | 8q | -23.9%-$4.5M | |
| AUTOMATIC DATA PROCESSING IN | ADP | $14.4M | 55,900 | - | new | NEW | |
| SALESFORCE INC | CRM | $14.2M | 61,700 | - | new | NEW | |
| TEXAS INSTRS INC | TXN | $14.1M | 50,250 | -0.04pp | 32q | HELD | |
| VISA INC | V | $14.1M | 39,100 | +0.07pp | 27q | HELD | |
| GALLAGHER ARTHUR J CO | AJG | $13.3M | 58,460 | +0.01pp | 2q | HELD | |
| Ventas Inc | VTR | $13.1M | 153,540 | -0.03pp | 2q | HELD | |
| NUCOR CORP | NUE | $13.0M | 55,540 | +0.08pp | 5q | +1.7%+$219.7K | |
| DELTA AIR LINES INC | DAL | $12.8M | 153,360 | - | new | NEW | |
| PARKER HANNIFIN CORP | PH | $12.7M | 13,280 | +0.48pp | 2q | +93.0%+$6.1M | |
| BLACKROCK INC | BLK | $12.3M | 11,660 | +0.12pp | 6q | +1.2%+$142.9K | |
| PROLOGIS INC. | PLD | $11.6M | 89,400 | -0.26pp | 32q | -20.6%-$3.0M | |
| CATERPILLAR INC | CAT | $10.8M | 13,300 | +0.82pp | 2q | +4333.3%+$10.5M | |
| TARGET CORP | TGT | $10.4M | 66,600 | +0.15pp | 3q | HELD | |
| FIFTH THIRD BANCORP | FITB | $10.0M | 197,900 | -0.29pp | 5q | -20.4%-$2.6M | |
| SPDR SERIES TRUST | SPTB | $9.1M | 314,300 | +0.11pp | 3q | +20.4%+$1.5M | |
| METLIFE INC | MET | $9.0M | 95,700 | +0.08pp | 13q | HELD | |
| QUANTA SVCS INC | PWR | $9.0M | 14,010 | - | new | NEW | |
| LINDE PLC | LIN | $8.1M | 17,020 | +0.62pp | 2q | +5218.8%+$7.9M | |
| COCA COLA CO | KO | $7.8M | 90,110 | +0.04pp | 32q | HELD | |
| HILTON WORLDWIDE HLDGS INC | HLT | $7.0M | 21,880 | -0.14pp | 3q | -18.8%-$1.6M | |
| WABTEC | WAB | $6.9M | 24,180 | +0.04pp | 3q | HELD | |
| AMERICAN EXPRESS CO | AXP | $6.9M | 22,700 | -0.49pp | 12q | -42.7%-$5.1M | |
| CUMMINS INC | CMI | $6.1M | 11,900 | -0.86pp | 5q | -51.5%-$6.5M | |
| ARES CAPITAL CORP | ARCC | $5.3M | 275,660 | +0.02pp | 21q | HELD | |
| CRH PLC | CRH | $5.0M | 60,000 | -0.92pp | 11q | -62.5%-$8.3M | |
| ISHARES TR | TLH | $3.3M | 35,900 | - | new | NEW | |
| ISHARES TR | SUSB | $2.2M | 88,579 | flat | 30q | HELD | |
| WILLIAMS COS INC | WMB | $2.1M | 30,860 | -0.02pp | 25q | -2.5%-$54.4K | |
| GOLDMAN SACHS GROUP INC | GS | $1.6M | 1,760 | -0.01pp | 30q | HELD | |
| MCDONALDS CORP | MCD | $1.5M | 6,600 | -0.68pp | 32q | -82.8%-$7.3M | |
| INTERNATIONAL BUSINESS MACHS | IBM | $1.5M | 6,700 | -1.51pp | 32q | -91.1%-$15.1M | |
| VERIZON COMMUNICATIONS INC | VZ | $1.2M | 25,830 | -0.89pp | 32q | -91.5%-$12.7M | |
| COSTCO WHOLESALE CORPORATION | COST | $1.1M | 1,260 | -0.63pp | 32q | -87.3%-$7.9M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.1M | 1,428 | flat | 2q | HELD | |
| NETFLIX INC. | NFLX | $1.0M | 14,800 | flat | 18q | HELD | |
| QUALCOMM INC | QCOM | $994.0K | 5,400 | -0.13pp | 32q | -62.6%-$1.7M | |
| EXXONMOBIL HOLDINGS CORP | XOM | $928.0K | 5,700 | - | new | NEW | |
| EMERSON ELEC CO | EMR | $841.0K | 5,420 | +0.01pp | 12q | HELD | |
| APPLIED MATLS INC | AMAT | $818.0K | 1,600 | -0.02pp | 15q | HELD | |
| ISHARES TR | SUSC | $780.0K | 35,557 | flat | 24q | HELD | |
| AMGEN INC | AMGN | $759.0K | 1,800 | +0.01pp | 2q | HELD | |
| AMERICAN ELEC PWR CO INC | AEP | $690.0K | 5,820 | -0.01pp | 32q | HELD | |
| ALPHABET INC | GOOG | $681.0K | 2,000 | flat | 2q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $647.0K | 1,300 | flat | 2q | HELD | |
| UNION PAC CORP | UNP | $544.0K | 2,000 | flat | 2q | HELD | |
| ORACLE CORP | ORCL | $534.0K | 3,890 | flat | 20q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $530.0K | 1,040 | flat | 32q | HELD | |
| MASTERCARD INCORPORATED | MA | $518.0K | 940 | +0.02pp | 26q | +67.9%+$209.4K | |
| HOME DEPOT INC | HD | $398.0K | 1,400 | -0.02pp | 32q | -20.9%-$105.2K | |
| AMERIPRISE FINL INC | AMP | $394.0K | 800 | flat | 25q | HELD | |
| GE VERNOVA INC | GEV | $390.0K | 410 | +0.01pp | 2q | +46.4%+$123.7K | |
| REPUBLIC SVCS INC | RSG | $378.0K | 1,800 | flat | 27q | HELD | |
| MICROCHIP TECHNOLOGY INC. | MCHP | $373.0K | 4,800 | flat | 32q | HELD | |
| DOVER CORP | DOV | $337.0K | 1,800 | -0.02pp | 25q | -32.8%-$164.8K | |
| WELLS FARGO & CO | WFC | $328.0K | 4,100 | flat | 12q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $320.0K | 1,440 | -0.92pp | 3q | -97.1%-$10.8M | |
| STARBUCKS CORP | SBUX | $316.0K | 3,360 | flat | 2q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $278.0K | 700 | flat | 2q | HELD | |
| ISHARES TR | IWM | $257.0K | 924 | flat | 2q | HELD | |
| WASTE MGMT INC DEL | WM | $245.0K | 1,200 | -0.68pp | 32q | -97.1%-$8.1M | |
| EQT Corp | EQT | $243.0K | 5,000 | flat | 19q | HELD | |
| NORTHROP GRUMMAN CORP | NOC | $242.0K | 500 | flat | 2q | HELD | |
| DANAHER CORP DEL | DHR | $222.0K | 1,000 | -0.01pp | 16q | -50.0%-$222.0K | |
| BOEING CO | BA | $220.0K | 1,180 | flat | 2q | HELD | |
| DISNEY WALT CO | DIS | $213.0K | 2,030 | -0.01pp | 17q | -42.5%-$157.4K | |
| PETROLEO BRASILEIRO S A | PBR | $213.0K | 10,210 | flat | 19q | HELD | |
| SPDR SERIES TRUST | SPYG | $209.0K | 1,700 | flat | 2q | HELD | |
| EXELON CORP | EXC | $206.0K | 5,110 | -1.01pp | 19q | -98.2%-$11.4M | |
| DIGITAL RLTY TR INC | DLR | $193.0K | 1,100 | flat | 13q | HELD | |
| ISHARES TR | GNMA | $191.0K | 4,553 | flat | 24q | HELD | |
| AZUL SA-SPON ADR | AZUL | $177.0K | 22,447 | - | new | NEW | |
| HASBRO INC | HAS | $167.0K | 1,900 | flat | 3q | HELD | |
| PEPSICO INC | PEP | $162.0K | 1,280 | -0.01pp | 32q | -46.2%-$139.2K | |
| DELL TECHNOLOGIES INC | DELL | $161.0K | 300 | flat | 2q | HELD | |
| LAM RESEARCH CORP | LRCX | $158.0K | 480 | - | new | NEW | |
| VISTRA CORP | VST | $152.0K | 1,100 | flat | 10q | HELD | |
| ANTERO RESOURCES CORP | AR | $131.0K | 3,910 | flat | 18q | HELD | |
| HOWMET AEROSPACE INC | HWM | $129.0K | 570 | - | new | NEW | |
| CONOCOPHILLIPS | COP | $125.0K | 1,000 | flat | 2q | HELD | |
| INVESCO EXCH TRADED FD TR II | QQQM | $119.0K | 390 | flat | 14q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VGK | $110.0K | 1,269 | flat | 2q | HELD | |
| SYNOPSYS INC | SNPS | $107.0K | 245 | flat | 2q | HELD | |
| SLB LIMITED | SLB | $97.0K | 2,000 | flat | 2q | HELD | |
| PROCTER & GAMBLE CO | PG | $84.0K | 580 | -0.63pp | 15q | -99.0%-$8.1M | |
| EXPAND ENERGY CORPORATION | EXE | $72.0K | 853 | flat | 8q | HELD | |
| CADENCE DESIGN SYSTEM INC | CDNS | $66.0K | 200 | - | new | NEW | |
| ISHARES TR | PFF | $50.0K | 1,697 | flat | 4q | HELD | |
| MONDELEZ INTL INC | MDLZ | $16.0K | 270 | flat | 21q | HELD | |
| PFIZER INC | PFE | $11.0K | 380 | -0.58pp | 32q | -99.9%-$9.0M | |
| PUBLIC STORAGE | PSA | $11.0K | 40 | flat | 32q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $157.3M | 12.3% |
| Capital Markets | $114.5M | 9.0% |
| Biotech & Pharma | $102.0M | 8.0% |
| Semiconductors & Electronics | $101.3M | 7.9% |
| Computer Hardware | $92.2M | 7.2% |
| Energy | $85.0M | 6.7% |
| Retail & Consumer | $82.3M | 6.4% |
| Industrials | $77.1M | 6.0% |
| Banks & Lending | $75.5M | 5.9% |
| Real Estate | $41.5M | 3.2% |
| Healthcare Services | $36.8M | 2.9% |
| Utilities | $34.3M | 2.7% |
| Other sectors | $187.2M | 14.7% |
| Not classified | $90.4M | 7.1% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -0.1% | +2.1% | -2.2% | 100% |
| Q2 2026 | +7.5% | +14.8% | -7.3% | 100% |
| Q1 2026 | -0.3% | -4.6% | +4.4% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 99% |
| Q2 2025 | +6.3% | +10.5% | -4.1% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.6% | 100% |
| Q4 2024 | -0.0% | +2.1% | -2.2% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $1.3B | 129 | 10 | 19 | 30 | 12 | 35.9% | 28 |
| Q2 2026 | $1.3B | 131 | 27 | 52 | 11 | 10 | 29.0% | 31 |
| Q1 2026 | $1.3B | 114 | 12 | 23 | 29 | 13 | 32.2% | 42 |
| Q4 2025 | $1.4B | 115 | 9 | 10 | 63 | 7 | 39.4% | 37 |
| Q3 2025 | $1.2B | 113 | 13 | 19 | 42 | 13 | 29.8% | 41 |
| Q2 2025 | $1.2B | 113 | 9 | 25 | 29 | 21 | 26.5% | 38 |
| Q1 2025 | $1.2B | 125 | 10 | 39 | 31 | 9 | 24.7% | 45 |
| Q4 2024 | $1.2B | 124 | 12 | 17 | 56 | 10 | 25.6% | 44 |
| Q3 2024 | $1.3B | 122 | 4 | 32 | 29 | 4 | 26.3% | 39 |
| Q2 2024 | $1.2B | 122 | 6 | 21 | 59 | 18 | 24.7% | 99 |
| Q1 2024 | $2.1B | 134 | 7 | 25 | 30 | 8 | 43.9% | 191 |
| Q4 2023 | $1.4B | 135 | 12 | 28 | 31 | 11 | 22.8% | 44 |
| Q3 2023 | $1.5B | 134 | 19 | 27 | 56 | 16 | 30.3% | 373 |
| Q2 2023 | $1.4B | 131 | 20 | 23 | 67 | 11 | 20.8% | 41 |
| Q1 2023 | $1.7B | 122 | 18 | 30 | 43 | 32 | 22.7% | 40 |
| Q4 2022 | $1.9B | 136 | 8 | 34 | 45 | 8 | 22.8% | 44 |
| Q3 2022 | $1.7B | 136 | 5 | 62 | 18 | 7 | 22.6% | 41 |
| Q2 2022 | $1.7B | 138 | 17 | 31 | 36 | 7 | 24.1% | 43 |
| Q1 2022 | $2.0B | 128 | 17 | 42 | 41 | 15 | 24.3% | 13 |
| Q4 2021 | $2.2B | 126 | 16 | 27 | 38 | 17 | 21.2% | 42 |
| Q3 2021 | $1.9B | 127 | 15 | 26 | 33 | 14 | 21.8% | 46 |
| Q2 2021 | $2.1B | 126 | 13 | 26 | 63 | 7 | 21.2% | 37 |
| Q1 2021 | $2.2B | 120 | 23 | 43 | 37 | 36 | 22.5% | 43 |
| Q4 2020 | $2.0B | 133 | 26 | 21 | 28 | 17 | 22.3% | 39 |
| Q3 2020 | $1.7B | 124 | 14 | 43 | 22 | 5 | 22.6% | 41 |
| Q2 2020 | $1.6B | 115 | 5 | 24 | 31 | 5 | 24.2% | 43 |
| Q1 2020 | $1.4B | 115 | 13 | 46 | 18 | 19 | 27.4% | 34 |
| Q4 2019 | $1.6B | 121 | 6 | 14 | 15 | 3 | 25.9% | 31 |
| Q3 2019 | $1.5B | 118 | 9 | 29 | 22 | 9 | 26.4% | 30 |
| Q2 2019 | $1.5B | 118 | 6 | 41 | 8 | 6 | 26.3% | 37 |
| Q1 2019 | $1.4B | 118 | 7 | 14 | 31 | 9 | 25.9% | 38 |
| Q4 2018 | $1.2B | 120 | 0 | 0 | 0 | 0 | 26.4% | 25 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.