# Westchester Capital Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1390063. Source: https://holderbook.com/funds/1390063-westchester-capital-management-inc/

- Reported value: $555.4M
- Positions: 46
- Weight of the ten largest: 59.5%
- Filed: 2026-07-23

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $59.4M | 55,808 | 10.7% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $44.2M | 152,601 | 8.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $36.7M | 102,614 | 6.6% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $28.7M | 57,422 | 5.2% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $28.3M | 240,567 | 5.1% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $27.8M | 245,533 | 5.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $27.2M | 72,899 | 4.9% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $26.9M | 82,058 | 4.8% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $25.8M | 102,641 | 4.7% | 31 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $25.5M | 176,255 | 4.6% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $25.2M | 180,439 | 4.5% | 31 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $21.7M | 83,284 | 3.9% | 31 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $19.7M | 88,590 | 3.6% | 31 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $18.0M | 197,635 | 3.2% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $16.2M | 118,294 | 2.9% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $16.1M | 31,554 | 2.9% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $15.2M | 59,675 | 2.7% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $15.1M | 55,692 | 2.7% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $13.7M | 38,782 | 2.5% | 23 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $10.2M | 42,813 | 1.8% | 23 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $7.8M | 99,190 | 1.4% | 25 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $7.4M | 47,024 | 1.3% | 5 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $7.0M | 46,500 | 1.3% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $6.7M | 276,275 | 1.2% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $4.3M | 44,693 | 0.8% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.6M | 6,315 | 0.6% | 4 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.5M | 118,987 | 0.4% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.2M | 11,235 | 0.4% | 23 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $2.2M | 10,353 | 0.4% | 27 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.2M | 2,896 | 0.4% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.1M | 15,513 | 0.4% | 22 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $2.0M | 5,228 | 0.4% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $841.8K | 3,818 | 0.2% | 31 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $710.5K | 52,783 | 0.1% | 28 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $405.5K | 543 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $353.0K | 514 | 0.1% | 20 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $314.1K | 1,912 | 0.1% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $292.6K | 6,911 | 0.1% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $223.2K | 660 | 0.0% | 31 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $219.3K | 2,988 | 0.0% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $190.8K | 540 | 0.0% | 18 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $166.6K | 1,005 | 0.0% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $135.5K | 1,715 | 0.0% | 24 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $133.6K | 2,295 | 0.0% | 24 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $117.8K | 1,449 | 0.0% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $17.1K | 300 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.6% | +14.8% | -1.3% | 100% |
| Q1 2026 | +1.7% | -4.6% | +6.3% | 100% |
| Q4 2025 | +4.4% | +2.4% | +2.0% | 100% |
| Q3 2025 | +10.5% | +7.8% | +2.6% | 100% |
| Q2 2025 | +4.5% | +10.5% | -6.0% | 100% |
| Q1 2025 | +0.5% | -4.6% | +5.1% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.2% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $555.4M | 46 |
| Q1 2026 | $496.5M | 45 |
| Q4 2025 | $483.7M | 43 |
| Q3 2025 | $465.2M | 43 |
| Q2 2025 | $425.0M | 39 |
| Q1 2025 | $402.2M | 39 |
| Q4 2024 | $397.6M | 41 |
| Q3 2024 | $411.7M | 41 |
| Q2 2024 | $396.1M | 41 |
| Q1 2024 | $398.4M | 41 |
| Q4 2023 | $371.5M | 44 |
| Q3 2023 | $349.1M | 44 |