Advisors Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Advisors Capital Management, LLC reported 514 stock positions worth $7.2 billion. Its top holding was Microsoft (MSFT) at 4.0% of the portfolio, followed by Broadcom (AVGO, 3.5%) and Apple (AAPL, 2.7%). Compared with Q1 2025, it opened 31 new positions, sold out of 21, added to 318 and reduced 141. The biggest buy was Nvidia (NVDA, shares +10%) and the biggest sale Unitedhealth (UNH, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- RIDGEWOOD, NJ
- CIK
- 0001345576
- Portfolio Value
- $7.2B (Q2 2025)
- SEC Filing
- 0002063364-25-000193 ↗ filed Aug 8, 2025
Holdings Value
Holdings 514 stocks · $7.2B
| MSFT Microsoft Corp. | 4.04% | 583,946 | $290.5M | Add +3.2% |
| AVGO Broadcom Inc. | 3.54% | 923,681 | $254.6M | Reduce -0.5% |
| AAPL Apple Inc. | 2.72% | 954,478 | $195.8M | Add +5.0% |
| NVDA Nvidia Corp. | 2.59% | 1,180,769 | $186.5M | Add +9.5% |
| PM Philip Morris International | 1.71% | 674,953 | $122.9M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 1.70% | 422,983 | $122.6M | Reduce -4.9% |
| BX Blackstone Inc. | 1.66% | 799,549 | $119.6M | Add +5.0% |
| AMZN Amazon.com Inc. | 1.53% | 500,426 | $109.8M | Add +5.2% |
| ABBV Abbvie Inc. | 1.52% | 591,096 | $109.7M | Add +1.9% |
| CSCO Cisco Systems Inc. | 1.42% | 1,477,736 | $102.5M | Add +19.0% |
| C Citigroup Inc. | 1.41% | 1,195,590 | $101.8M | Add +30.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.37% | 334,532 | $98.6M | Add +2.8% |
| IVV iShares Core S&P 500 ETF | 1.36% | 158,091 | $98.2M | Add +12.1% |
| GOOG Alphabet Inc. Class C | 1.31% | 533,079 | $94.6M | Add +3.1% |
| SGOV iShares 0-3 Month Treasury B | 1.30% | 930,987 | $93.7M | Add +43.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.13% | 167,959 | $81.6M | Add +3.0% |
| KMI Kinder Morgan Inc. | 1.13% | 2,763,084 | $81.2M | Add +2.9% |
| CVX Chevron Corp. | 1.13% | 565,653 | $81.0M | Reduce -4.8% |
| ACN Accenture PLC Class A | 1.10% | 265,109 | $79.2M | Add +6.0% |
| JNJ Johnson & Johnson | 1.07% | 506,373 | $77.3M | Add +14.4% |
| TT Trane Technologies PLC | 1.03% | 169,681 | $74.2M | Add +3.2% |
| HON Honeywell International Inc. | 1.02% | 316,797 | $73.8M | Add +4.1% |
| GOOGL Alphabet Inc. Class A | 1.01% | 413,701 | $72.9M | Add +3.7% |
| PANW Palo Alto Networks Inc. | 0.96% | 339,070 | $69.4M | Reduce -0.8% |
| QCOM Qualcomm Inc. | 0.96% | 433,430 | $69.0M | Reduce -3.5% |
| TXN Texas Instruments Inc. | 0.95% | 328,721 | $68.2M | Reduce -6.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.94% | 153,529 | $67.3M | Add +13.0% |
| ARCC Ares Capital Corp. | 0.92% | 3,001,309 | $65.9M | Reduce -17.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.90% | 523,426 | $64.6M | Add +16.3% |
| ORCL Oracle Corp. | 0.88% | 290,095 | $63.4M | Add +26.0% |
| DUK Duke Energy Corp. | 0.85% | 520,847 | $61.5M | Add +5.3% |
| RTX RTX Corp. | 0.82% | 403,316 | $58.9M | Add +2.8% |
| WFC Wells Fargo & Co. | 0.81% | 727,761 | $58.3M | Add +0.9% |
| BEPC Brookfield Renewable Corp. | 0.78% | 1,717,318 | $56.3M | Add +3.8% |
| MCD McDonald's Corp. | 0.78% | 191,358 | $55.9M | Add +3.6% |
| WPC WP Carey Inc. | 0.76% | 875,988 | $54.6M | Add +6.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.76% | 309,076 | $54.6M | Add +15.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.73% | 231,909 | $52.5M | Reduce -1.9% |
| PFE Pfizer Inc. | 0.72% | 2,150,721 | $52.1M | Add +40.7% |
| HD Home Depot Inc. | 0.72% | 141,279 | $51.8M | Add +4.7% |
| KO The Coca-Cola Co. | 0.71% | 720,097 | $50.9M | Add +52.9% |
| DGX Quest Diagnostics Inc. | 0.71% | 283,386 | $50.9M | Add +12.8% |
| OKE Oneok Inc. | 0.70% | 614,181 | $50.1M | Add +5.2% |
| PAGP Plains GP Holdings LP | 0.69% | 2,565,347 | $49.8M | Add +5.3% |
| WMB Williams Cos Inc. | 0.68% | 781,634 | $49.1M | Add +1.2% |
| TMO Thermo Fisher Scientific Inc. | 0.65% | 115,144 | $46.7M | Reduce -9.3% |
| MA Mastercard Inc. Class A | 0.65% | 82,707 | $46.5M | Add +2.1% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.59% | 1,669,016 | $42.5M | Add +5.8% |
| STX Seagate Technology Holdings | 0.59% | 293,486 | $42.4M | Add +2.9% |
| SBRA Sabra Health Care REIT Inc. | 0.58% | 2,246,965 | $41.4M | Add +0.6% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.58% | 552,692 | $41.4M | Add +10.6% |
| COST Costco Wholesale Corp. | 0.57% | 41,151 | $40.7M | Add +3.0% |
| BMY Bristol-Myers Squibb Co. | 0.56% | 872,113 | $40.4M | Add +7.3% |
| WSM Williams-Sonoma Inc. | 0.54% | 239,884 | $39.2M | Add +1.7% |
| UL Unilever PLC | 0.54% | 638,919 | $39.1M | Add +4.7% |
| LMT Lockheed Martin Corp. | 0.53% | 82,796 | $38.3M | Add +2.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.52% | 874,294 | $37.7M | Add +6.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.52% | 194,136 | $37.7M | Add +4.9% |
| MDT Medtronic PLC | 0.51% | 422,982 | $36.9M | Reduce -16.7% |
| ETN Eaton Corp. PLC | 0.51% | 102,794 | $36.7M | Add +2.2% |
| BLK BlackRock Inc. | 0.50% | 34,267 | $36.0M | Add +3.5% |
| FIS Fidelity National Info Serv | 0.49% | 436,563 | $35.5M | Add +4.6% |
| MCK McKesson Corp. | 0.48% | 46,931 | $34.4M | Add +0.4% |
| KVUE Kenvue Inc. | 0.48% | 1,635,838 | $34.2M | Add +7.0% |
| VEA Vanguard Ftse Developed ETF | 0.46% | 580,140 | $33.1M | Add +2.7% |
| OHI Omega Healthcare Investors | 0.45% | 886,908 | $32.5M | Add +14.4% |
| VZ Verizon Communications Inc. | 0.44% | 727,528 | $31.5M | Add +198.5% |
| DE Deere & Co. | 0.44% | 61,786 | $31.4M | Add +0.9% |
| AON Aon PLC Class A | 0.43% | 87,556 | $31.2M | Add +5.0% |
| TMUS T-Mobile US Inc. | 0.43% | 129,984 | $31.0M | Reduce -8.3% |
| META Meta Platforms Inc. Class A | 0.43% | 41,828 | $30.9M | Add +261.1% |
| OUT Outfront Media Inc. | 0.43% | 1,881,277 | $30.7M | Add +36.0% |
| TD Toronto-Dominion Bank | 0.43% | 417,083 | $30.6M | Add +3.6% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.43% | 1,454,740 | $30.6M | Add +9.5% |
| VCIT Vanguard Int-Term Corporate | 0.42% | 362,636 | $30.1M | Add +8.1% |
| CME Cme Group Inc. | 0.41% | 108,340 | $29.9M | Add +4.4% |
| WHR Whirlpool Corp. | 0.41% | 292,425 | $29.7M | Add +72.1% |
| VRP Invesco Variable Rate Prefer | 0.41% | 1,208,994 | $29.6M | Add +8.8% |
| CAT Caterpillar Inc. | 0.41% | 75,897 | $29.5M | Add +5.1% |
| TGT Target Corp. | 0.39% | 286,328 | $28.2M | Add +24.6% |
| STWD Starwood Property Trust Inc. | 0.39% | 1,382,338 | $27.7M | Add +1.9% |
| SPIB SS SPDR P Int C Corp. ETF | 0.38% | 823,264 | $27.6M | Add +0.1% |
| SO The Southern Co. | 0.38% | 300,348 | $27.6M | Add +3.7% |
| NEE Nextera Energy Inc. | 0.38% | 395,552 | $27.5M | Add +9.3% |
| ABT Abbott Laboratories | 0.38% | 201,099 | $27.4M | Add +1.4% |
| EPR Epr Properties filed as EPR PPTYS | 0.38% | 468,308 | $27.3M | Reduce -5.5% |
| KNTK Kinetik Holdings Inc. | 0.37% | 606,284 | $26.7M | Add +37.4% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.37% | 270,391 | $26.6M | Add +6.3% |
| HST Host Hotels & Resorts Inc. | 0.37% | 1,711,128 | $26.3M | Add +25.3% |
| V Visa Inc. Class A | 0.36% | 72,136 | $25.6M | Add +0.9% |
| URI United Rentals Inc. | 0.35% | 33,784 | $25.5M | Reduce -0.5% |
| MO Altria Group Inc. | 0.35% | 428,038 | $25.1M | Add +2.1% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.35% | 723,003 | $25.0M | Add +51.9% |
| SYK Stryker Corp. | 0.34% | 60,935 | $24.1M | Add +2.9% |
| PLD Prologis Inc. | 0.33% | 225,420 | $23.7M | Add +4.0% |
| CASY Casey's General Stores Inc. | 0.33% | 46,329 | $23.6M | Add +0.8% |
| PEP Pepsico Inc. | 0.32% | 176,018 | $23.2M | Add +4.0% |
| LIN Linde PLC | 0.32% | 49,166 | $23.1M | Add +2.9% |
| TEL Te Connectivity PLC | 0.31% | 132,236 | $22.3M | Add +1.3% |
| ZTS Zoetis Inc. | 0.31% | 142,837 | $22.3M | Add +5.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $101.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 1,089,794 | $74.1M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 22,277 | $27.0M | Add +44.0% |
Total filed on the 13F, all lines: $7.3B.
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -79.7% | 0.09% | −0.71 |
| DIS The Walt Disney Co. | Reduce -95.0% | 0.04% | −0.63 |
| UPS United Parcel Service Class B | Reduce -92.7% | 0.04% | −0.58 |
| CVX Chevron Corp. | Reduce -4.8% | 1.13% | −0.42 |
| TMO Thermo Fisher Scientific Inc. | Reduce -9.3% | 0.65% | −0.33 |
| ARCC Ares Capital Corp. | Reduce -17.3% | 0.92% | −0.33 |
| MDT Medtronic PLC | Reduce -16.7% | 0.51% | −0.20 |
| SPG Simon Property Group Inc. | Reduce -56.1% | 0.12% | −0.19 |
| ADBE Adobe Inc. | Reduce -83.3% | 0.03% | −0.19 |
| TMUS T-Mobile US Inc. | Reduce -8.3% | 0.43% | −0.16 |
| BXSL Blackstone Secured Lending F | Reduce -20.4% | 0.25% | −0.12 |
| IBDT iShares Ibonds Dec 2028 ETF | Sold out | 0.00% | −0.12 |
| QCOM Qualcomm Inc. | Reduce -3.5% | 0.96% | −0.11 |
| HTGC Hercules Capital Inc. | Reduce -25.5% | 0.19% | −0.11 |
| RITM Rithm Capital Corp. | Reduce -27.4% | 0.18% | −0.10 |
| KIM Kimco Realty Corp. | Sold out | 0.00% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -7.6% | 0.15% | −0.05 |
| MTG Mgic Investment Corp. | Reduce -41.3% | 0.06% | −0.04 |
| FITB Fifth Third Bancorp | Reduce -15.3% | 0.15% | −0.04 |
| GXO Gxo Logistics Inc. | Reduce -50.2% | 0.04% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -6.8% | 0.11% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -6.0% | 0.95% | −0.03 |
| EPR Epr Properties | Reduce -5.5% | 0.38% | −0.03 |
| DHR Danaher Corp. | Reduce -1.9% | 0.14% | −0.02 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.02 |
| AZO AutoZone Inc. | Reduce -13.5% | 0.07% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -24.8% | 0.05% | −0.02 |
| RELX Relx PLC - Spon ADR | Reduce -14.5% | 0.09% | −0.02 |
| PRK Park National Corp. | Sold out | 0.00% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -9.5% | 0.05% | −0.02 |
| GILD Gilead Sciences Inc. | Reduce -15.9% | 0.05% | −0.02 |
| DLN Wisdomtree US Largecap Divid | Sold out | 0.00% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -5.3% | 0.07% | −0.01 |
| BSY Bentley Systems Inc. Class B | Sold out | 0.00% | −0.01 |
| A Agilent Technologies Inc. | Reduce -1.9% | 0.10% | −0.01 |
| LEN Lennar Corp. Class A | Reduce -1.5% | 0.07% | −0.01 |
| TW Tradeweb Markets Inc. Class A | Reduce -1.1% | 0.09% | −0.01 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.01 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.01 |
| GBIL Goldman Sachs Access Treasur | Reduce -67.5% | 0.00% | −0.01 |
| ADP Automatic Data Processing | Reduce -0.6% | 0.07% | −0.01 |
| BRKR Bruker Corp. | Reduce -3.1% | 0.05% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -45.7% | 0.01% | −0.01 |
| FHLC Fidelity MSCI Health Care | Sold out | 0.00% | −0.01 |
| VLTO Veralto Corp. | Reduce -0.8% | 0.08% | −0.01 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.01 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -5.4% | 0.02% | −0.01 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +9.5% | 2.59% | +0.78 |
| MSFT Microsoft Corp. | Add +3.2% | 4.04% | +0.74 |
| C Citigroup Inc. | Add +30.3% | 1.41% | +0.40 |
| ORCL Oracle Corp. | Add +26.0% | 0.88% | +0.38 |
| META Meta Platforms Inc. Class A | Add +261.1% | 0.43% | +0.33 |
| SGOV iShares 0-3 Month Treasury B | Add +43.1% | 1.30% | +0.29 |
| VZ Verizon Communications Inc. | Add +198.5% | 0.44% | +0.27 |
| CSCO Cisco Systems Inc. | Add +19.0% | 1.42% | +0.23 |
| STX Seagate Technology Holdings | Add +2.9% | 0.59% | +0.21 |
| KO The Coca-Cola Co. | Add +52.9% | 0.71% | +0.18 |
| WHR Whirlpool Corp. | Add +72.1% | 0.41% | +0.17 |
| TT Trane Technologies PLC | Add +3.2% | 1.03% | +0.17 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +13.0% | 0.94% | +0.15 |
| IVV iShares Core S&P 500 ETF | Add +12.1% | 1.36% | +0.13 |
| PFE Pfizer Inc. | Add +40.7% | 0.72% | +0.12 |
| AMZN Amazon.com Inc. | Add +5.2% | 1.53% | +0.12 |
| IBM Intl Business Machines Corp. | Add +2.8% | 1.37% | +0.11 |
| IBDX iShares Ibonds Dec 2032 TC | New | 0.10% | +0.10 |
| LTC LTC Properties Inc. | Add +51.9% | 0.35% | +0.09 |
| ETN Eaton Corp. PLC | Add +2.2% | 0.51% | +0.09 |
| SCHG Schwab US Large-Cap Growth | Add +87.0% | 0.17% | +0.08 |
| OUT Outfront Media Inc. | Add +36.0% | 0.43% | +0.08 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +69.3% | 0.17% | +0.08 |
| WM Waste Management Inc. | Add +482.8% | 0.09% | +0.07 |
| VONG Vanguard Russell 1000 Growth | Add +85.1% | 0.15% | +0.07 |
| PM Philip Morris International | Add +1.6% | 1.71% | +0.07 |
| SFY Sofi Select 500 ETF | Add +93.9% | 0.14% | +0.07 |
| BEPC Brookfield Renewable Corp. | Add +3.8% | 0.78% | +0.06 |
| HST Host Hotels & Resorts Inc. | Add +25.3% | 0.37% | +0.06 |
| DELL Dell Technologies -C | Add +19.2% | 0.21% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +3.1% | 1.31% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +3.7% | 1.01% | +0.06 |
| IDXX Idexx Laboratories Inc. | Add +1276.4% | 0.06% | +0.05 |
| TD Toronto-Dominion Bank | Add +3.6% | 0.43% | +0.05 |
| FELG Fidelity Enh LRG Cap GWTH | Add +89.5% | 0.10% | +0.05 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +10.6% | 0.58% | +0.05 |
| DGX Quest Diagnostics Inc. | Add +12.8% | 0.71% | +0.05 |
| TJX TJX Companies Inc. | Add +16.3% | 0.90% | +0.05 |
| KTOS Kratos Defense & Security | Add +1.3% | 0.16% | +0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +15.8% | 0.76% | +0.04 |
| CAT Caterpillar Inc. | Add +5.1% | 0.41% | +0.04 |
| NFLX Netflix Inc. | Add +0.1% | 0.17% | +0.04 |
| ULTA Ulta Beauty Inc. | Add +1.7% | 0.27% | +0.04 |
| ISCF iShares International Small | Add +95.0% | 0.07% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +24.5% | 0.12% | +0.03 |
| COF Capital One Financial Corp. | Add +529.1% | 0.03% | +0.03 |
| HON Honeywell International Inc. | Add +4.1% | 1.02% | +0.03 |
| IWP iShares Russell Mid-Cap Grow | Add +87.4% | 0.05% | +0.03 |
| TEL Te Connectivity PLC | Add +1.3% | 0.31% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +334.5% | 0.03% | +0.02 |
Notes & Other Activity Q1 2025 → Q2 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 1,089,794 | $74.1M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +44.0% | 22,277 | $27.0M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Sold out | 38,378 | $936Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 631 | $9.3B | AAPL, AVGO, NVDA, MSFT, CSCO |
| Q1 2026 | 564 | $8.5B | AAPL, AVGO, MSFT, NVDA, C |
| Q4 2025 | 565 | $8.4B | MSFT, AAPL, AVGO, NVDA, GOOG |
| Q3 2025 | 534 | $8.0B | MSFT, AVGO, AAPL, NVDA, ABBV |
| Q2 2025 | 514 | $7.2B | MSFT, AVGO, AAPL, NVDA, PM |
| Q1 2025 | 504 | $6.4B | MSFT, AAPL, AVGO, ABBV, NVDA |
| Q4 2024 | 504 | $6.3B | AVGO, AAPL, MSFT, NVDA, BX |
| Q3 2024 | 491 | $6.1B | MSFT, AAPL, AVGO, BX, NVDA |
| Q2 2024 | 478 | $5.7B | MSFT, AAPL, AVGO, NVDA, BX |
| Q1 2024 | 463 | $5.5B | MSFT, AVGO, AAPL, BX, ABBV |