PAYDEN & RYGEL
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SPDR GOLD TR | GLD | $48.3M | 131,000 | -0.58pp | 2q | +1.3%+$626.2K | |
| APPLE INC | AAPL | $40.0M | 138,310 | +2.35pp | 31q | +275.8%+$29.4M | |
| JPMORGAN CHASE & CO | JPM | $39.8M | 121,650 | +0.34pp | 31q | +1.5%+$589.2K | |
| VANECK ETF TRUST | EMLC | $39.6M | 1,547,458 | -1.39pp | 3q | -32.5%-$19.0M | |
| AMAZON COM INC | AMZN | $39.1M | 163,980 | +0.84pp | 26q | +21.8%+$7.0M | |
| ALPHABET INC | GOOGL | $37.7M | 105,400 | -0.37pp | 31q | -28.4%-$15.0M | |
| MICROSOFT CORP | MSFT | $34.3M | 91,850 | +0.82pp | 31q | +44.8%+$10.6M | |
| MORGAN STANLEY | MS | $33.7M | 161,100 | +0.54pp | 31q | HELD | |
| CISCO SYS INC | CSCO | $33.5M | 285,476 | +0.88pp | 31q | +0.7%+$228.6K | |
| CORNING INC | GLW | $31.9M | 124,800 | +1.12pp | 6q | -1.7%-$536.4K | |
| ANALOG DEVICES INC | ADI | $27.1M | 68,300 | +0.47pp | 4q | +3.5%+$913.5K | |
| MERCK & CO INC | MRK | $25.8M | 200,960 | +0.15pp | 31q | +1.4%+$367.5K | |
| DUKE ENERGY CORP NEW | DUK | $24.4M | 193,110 | -0.04pp | 31q | +1.8%+$432.9K | |
| NVIDIA CORPORATION | NVDA | $22.8M | 114,040 | +0.76pp | 17q | +54.0%+$8.0M | |
| CVS HEALTH CORP | CVS | $22.6M | 218,700 | +0.56pp | 4q | +2.6%+$579.3K | |
| GE AEROSPACE | GE | $22.5M | 60,125 | +0.42pp | 10q | +1.1%+$233.6K | |
| RTX CORPORATION | RTX | $21.6M | 114,000 | +0.01pp | 5q | +2.4%+$512.3K | |
| DOMINION ENERGY INC | D | $21.4M | 313,800 | +0.15pp | 7q | HELD | |
| CHEVRON CORPORATION | CVX | $21.3M | 128,500 | -0.03pp | 31q | +22.8%+$4.0M | |
| INTERNATIONAL BUSINESS MACHS | IBM | $21.2M | 75,500 | -0.05pp | 31q | -16.2%-$4.1M | |
| TJX COS INC NEW | TJX | $20.6M | 135,700 | -0.09pp | 5q | HELD | |
| QUEST DIAGNOSTICS INC | DGX | $19.7M | 92,740 | +0.35pp | 5q | +21.1%+$3.4M | |
| ENERGY TRANSFER L P | ET | $19.4M | 1,012,090 | -0.02pp | 13q | HELD | |
| BANK OF AMER CORP | BAC | $18.7M | 328,100 | +0.23pp | 31q | +2.5%+$455.8K | |
| SIMON PPTY GROUP INC NEW | SPG | $18.6M | 83,110 | +0.32pp | 23q | +7.9%+$1.4M | |
| ABBVIE INC | ABBV | $18.4M | 73,250 | +0.20pp | 31q | +0.7%+$130.9K | |
| VANGUARD INDEX FDS | VOO | $17.6M | 25,632 | +0.10pp | 6q | -5.8%-$1.1M | |
| ELI LILLY & CO | LLY | $17.6M | 14,670 | +0.72pp | 31q | +64.5%+$6.9M | |
| CUMMINS INC | CMI | $17.5M | 24,520 | +0.35pp | 4q | +2.2%+$370.9K | |
| BROADCOM INC | AVGO | $17.2M | 45,652 | +0.27pp | 26q | +3.3%+$544.0K | |
| WALMART INC | WMT | $17.2M | 151,860 | -0.10pp | 31q | +2.4%+$403.2K | |
| CRH PLC | CRH | $17.1M | 159,900 | +0.02pp | 10q | HELD | |
| VALERO ENERGY CORP | VLO | $17.1M | 65,600 | +0.06pp | 4q | HELD | |
| JOHNSON & JOHNSON | JNJ | $16.5M | 64,900 | +0.11pp | 31q | +5.7%+$888.9K | |
| GILEAD SCIENCES INC | GILD | $16.0M | 126,560 | +0.25pp | 19q | +38.7%+$4.5M | |
| ITT INC | ITT | $16.0M | 80,800 | +0.04pp | 9q | HELD | |
| MCKESSON CORP | MCK | $15.4M | 20,440 | +0.06pp | 11q | +20.9%+$2.7M | |
| AMETEK INC | AME | $15.4M | 63,500 | +0.14pp | 3q | +0.8%+$121.0K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $15.3M | 417,070 | -0.04pp | 21q | HELD | |
| EATON CORP PLC | ETN | $15.3M | 35,880 | +0.20pp | 19q | +1.9%+$289.8K | |
| PROLOGIS INC. | PLD | $15.3M | 112,600 | +0.05pp | 31q | +2.1%+$311.6K | |
| TEXAS INSTRS INC | TXN | $14.9M | 50,100 | +0.43pp | 31q | +4.2%+$596.1K | |
| FIFTH THIRD BANCORP | FITB | $14.0M | 248,700 | +0.36pp | 4q | +24.7%+$2.8M | |
| VENTAS INC | VTR | $13.7M | 154,140 | - | new | NEW | |
| JOHNSON CONTROLS INTERNATION | JCI | $13.6M | 93,300 | +0.11pp | 3q | HELD | |
| GALLAGHER ARTHUR J & CO | AJG | $13.5M | 58,660 | - | new | NEW | |
| VISA INC | V | $13.4M | 39,200 | +0.12pp | 26q | HELD | |
| AMERICAN EXPRESS CO | AXP | $13.4M | 39,600 | +0.29pp | 11q | +24.5%+$2.6M | |
| EXELON CORP | EXC | $13.4M | 287,310 | -0.06pp | 18q | HELD | |
| META PLATFORMS INC | META | $13.2M | 23,410 | -0.01pp | 14q | +1.3%+$169.0K | |
| VERIZON COMMUNICATIONS INC | VZ | $12.8M | 302,530 | -0.17pp | 31q | +1.8%+$226.1K | |
| PNC FINL SVCS GROUP INC | PNC | $12.4M | 50,240 | +0.53pp | 2q | +91.0%+$5.9M | |
| NUCOR CORP | NUE | $12.2M | 54,600 | +0.24pp | 4q | +2.1%+$245.0K | |
| BLACKROCK INC | BLK | $11.1M | 11,525 | flat | 5q | HELD | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $10.6M | 234,400 | - | new | NEW | |
| MCDONALDS CORP | MCD | $10.4M | 38,300 | -0.21pp | 31q | -8.6%-$973.1K | |
| COSTCO WHOLESALE CORPORATION | COST | $9.3M | 9,960 | +0.65pp | 31q | +1006.7%+$8.5M | |
| WASTE MGMT INC DEL | WM | $9.1M | 40,840 | +0.68pp | 31q | +3303.3%+$8.8M | |
| HILTON WORLDWIDE HLDGS INC | HLT | $8.9M | 26,940 | +0.27pp | 2q | +53.9%+$3.1M | |
| TARGET CORP | TGT | $8.7M | 66,900 | +0.05pp | 2q | HELD | |
| PROCTER & GAMBLE CO | PG | $8.3M | 56,700 | +0.03pp | 14q | +3.3%+$263.9K | |
| HONEYWELL INTL INC | HONZZZZ | $8.1M | 36,300 | +0.01pp | 2q | +2.8%+$223.9K | |
| METLIFE INC | MET | $8.1M | 95,700 | +0.10pp | 12q | HELD | |
| ANNALY CAPITAL MANAGEMENT IN | NLY | $8.1M | 361,100 | +0.03pp | 4q | HELD | |
| SPDR SERIES TRUST | SPTB | $7.8M | 261,000 | -0.01pp | 2q | HELD | |
| PFIZER INC | PFE | $7.5M | 311,580 | -0.09pp | 31q | +0.6%+$48.2K | |
| COCA COLA CO | KO | $7.3M | 90,410 | +0.45pp | 31q | +361.0%+$5.8M | |
| PARKER-HANNIFIN CORP | PH | $6.7M | 6,880 | - | new | NEW | |
| WABTEC | WAB | $6.5M | 24,180 | +0.05pp | 2q | +4.2%+$264.2K | |
| ARES CAPITAL CORP | ARCC | $5.1M | 275,660 | +0.39pp | 20q | +23663.8%+$5.1M | |
| QUALCOMM INC | QCOM | $2.7M | 14,420 | +0.17pp | 31q | +350.6%+$2.1M | |
| WILLIAMS COS INC | WMB | $2.4M | 31,660 | flat | 24q | HELD | |
| ISHARES TR | SUSB | $2.2M | 88,579 | flat | 29q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $1.8M | 1,760 | +0.05pp | 29q | +39.7%+$505.7K | |
| CBOE GLOBAL MKTS INC | CBOE | $1.3M | 5,340 | - | new | NEW | |
| APPLIED MATLS INC | AMAT | $1.2M | 1,600 | +0.05pp | 14q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.1M | 1,428 | - | new | NEW | |
| NETFLIX INC | NFLX | $1.1M | 14,800 | -0.03pp | 17q | HELD | |
| ISHARES TR | SUSC | $823.0K | 35,557 | flat | 23q | HELD | |
| AMERICAN ELEC PWR CO INC | AEP | $796.0K | 5,820 | +0.04pp | 31q | +132.8%+$454.1K | |
| EXXON MOBIL CORP | XOMXXXX | $779.0K | 5,700 | +0.01pp | 22q | +54.1%+$273.3K | |
| EMERSON ELEC CO | EMR | $776.0K | 5,420 | +0.02pp | 11q | +54.9%+$274.9K | |
| ALPHABET INC | GOOG | $707.0K | 2,000 | - | new | NEW | |
| AMGEN INC | AMGN | $652.0K | 1,800 | - | new | NEW | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $651.0K | 1,300 | - | new | NEW | |
| TRUIST FINL CORP | TFC | $638.0K | 12,800 | flat | 7q | HELD | |
| HOME DEPOT INC | HD | $624.0K | 1,770 | flat | 31q | HELD | |
| DOVER CORP | DOV | $601.0K | 2,680 | flat | 24q | HELD | |
| ORACLE CORP | ORCL | $570.0K | 3,890 | flat | 19q | HELD | |
| UNION PAC CORP | UNP | $544.0K | 2,000 | - | new | NEW | |
| LOCKHEED MARTIN CORP | LMT | $530.0K | 1,040 | +0.01pp | 31q | +40.5%+$152.9K | |
| MICROCHIP TECHNOLOGY INC. | MCHP | $438.0K | 4,800 | +0.01pp | 31q | HELD | |
| REPUBLIC SVCS INC | RSG | $384.0K | 1,800 | flat | 26q | HELD | |
| DANAHER CORP DEL | DHR | $381.0K | 2,000 | flat | 15q | HELD | |
| AMERIPRISE FINL INC | AMP | $367.0K | 800 | -0.01pp | 24q | -27.3%-$137.6K | |
| STARBUCKS CORP | SBUX | $343.0K | 3,360 | - | new | NEW | |
| DISNEY WALT CO | DIS | $340.0K | 3,530 | +0.01pp | 16q | +73.9%+$144.5K | |
| WELLS FARGO & CO | WFC | $339.0K | 4,100 | -1.05pp | 11q | HELD | |
| GE VERNOVA INC | GEV | $329.0K | 280 | - | new | NEW | |
| PEPSICO INC | PEP | $322.0K | 2,380 | -0.85pp | 31q | -96.8%-$9.6M | |
| CATERPILLAR INC | CAT | $319.0K | 300 | - | new | NEW | |
| MASTERCARD INCORPORATED | MA | $288.0K | 560 | flat | 25q | HELD | |
| ISHARES TR | IWM | $278.0K | 924 | - | new | NEW | |
| EQT CORP | EQT | $266.0K | 5,000 | flat | 18q | HELD | |
| BOEING CO | BA | $255.0K | 1,180 | - | new | NEW | |
| NORTHROP GRUMMAN CORP | NOC | $255.0K | 500 | - | new | NEW | |
| PALO ALTO NETWORKS INC | PANW | $239.0K | 700 | - | new | NEW | |
| T-MOBILE US INC | TMUS | $213.0K | 1,270 | -1.32pp | 11q | -98.5%-$13.6M | |
| AECOM | ACM | $202.0K | 2,900 | flat | 13q | HELD | |
| SPDR SERIES TRUST | SPYG | $202.0K | 1,700 | - | new | NEW | |
| ISHARES TR | GNMA | $201.0K | 4,553 | flat | 23q | HELD | |
| DIGITAL RLTY TR INC | DLR | $198.0K | 1,100 | flat | 12q | HELD | |
| VISTRA CORP | VST | $174.0K | 1,100 | -0.40pp | 9q | -96.9%-$5.4M | |
| LINDE PLC | LIN | $166.0K | 320 | - | new | NEW | |
| PETROLEO BRASILEIRO S A | PBR | $165.0K | 10,210 | flat | 18q | HELD | |
| HASBRO INC | HAS | $157.0K | 1,900 | -0.65pp | 2q | -97.9%-$7.4M | |
| ANTERO RESOURCES CORP | AR | $137.0K | 3,910 | flat | 17q | HELD | |
| DELL TECHNOLOGIES INC | DELL | $129.0K | 300 | - | new | NEW | |
| INVESCO EXCH TRADED FD TR II | QQQM | $118.0K | 390 | flat | 13q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VGK | $112.0K | 1,269 | - | new | NEW | |
| SYNOPSYS INC | SNPS | $109.0K | 245 | - | new | NEW | |
| CONOCOPHILLIPS | COP | $104.0K | 1,000 | - | new | NEW | |
| SLB LIMITED | SLB | $93.0K | 2,000 | - | new | NEW | |
| ISHARES TR | IVW | $81.0K | 590 | - | new | NEW | |
| EXPAND ENERGY CORPORATION | EXE | $78.0K | 853 | flat | 7q | HELD | |
| EOG RES INC | EOG | $65.0K | 500 | - | new | NEW | |
| ISHARES TR | PFF | $52.0K | 1,697 | flat | 3q | +153.3%+$31.5K | |
| ACCENTURE PLC IRELAND | ACN | $37.0K | 300 | - | new | NEW | |
| MONDELEZ INTL INC | MDLZ | $16.0K | 270 | flat | 20q | HELD | |
| PUBLIC STORAGE | PSA | $13.0K | 40 | flat | 31q | HELD | |
| VICI PPTYS INC | VICI | $10.0K | 360 | flat | 20q | 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 |
|---|---|---|
| Semiconductors & Electronics | $110.0M | 8.4% |
| Retail & Consumer | $106.2M | 8.2% |
| Computer Hardware | $105.7M | 8.1% |
| Biotech & Pharma | $102.5M | 7.9% |
| Banks & Lending | $99.3M | 7.6% |
| Capital Markets | $96.5M | 7.4% |
| Software & IT Services | $86.5M | 6.6% |
| Energy | $76.3M | 5.9% |
| Industrials | $70.2M | 5.4% |
| Utilities | $68.9M | 5.3% |
| Real Estate | $55.8M | 4.3% |
| Mining & Metals | $44.0M | 3.4% |
| Other sectors | $202.2M | 15.5% |
| Not classified | $78.8M | 6.0% |
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 |
|---|---|---|---|---|
| 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% |
| Q3 2024 | +6.7% | +5.4% | +1.3% | 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 |
|---|---|---|---|---|---|---|---|---|
| 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 | 11 | 62 | 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 | 33 | 28 | 4 | 26.3% | 39 |
| Q2 2024 | $1.2B | 122 | 6 | 22 | 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 | 63 | 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 | 28 | 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 | 22 | 27 | 17 | 22.3% | 39 |
| Q3 2020 | $1.7B | 124 | 14 | 44 | 21 | 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.