Advisors Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Advisors Capital Management, LLC reported 534 stock positions worth $8.0 billion. Its top holding was Microsoft (MSFT) at 3.9% of the portfolio, followed by Broadcom (AVGO, 3.5%) and Apple (AAPL, 3.1%). Compared with Q2 2025, it opened 41 new positions, sold out of 21, added to 333 and reduced 135. The biggest buy was a new position in SS SPDR P High Yield ETF (SPHY) and the biggest sale SS SPDR BB St Hi Yield ETF (SJNK, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- RIDGEWOOD, NJ
- CIK
- 0001345576
- Portfolio Value
- $8.0B (Q3 2025)
- SEC Filing
- 0002063364-25-000276 ↗ filed Nov 7, 2025
Holdings Value
Holdings 534 stocks · $8.0B
| MSFT Microsoft Corp. | 3.86% | 593,994 | $307.7M | Add +1.7% |
| AVGO Broadcom Inc. | 3.47% | 837,776 | $276.4M | Reduce -9.3% |
| AAPL Apple Inc. | 3.10% | 969,803 | $246.9M | Add +1.6% |
| NVDA Nvidia Corp. | 2.84% | 1,212,370 | $226.2M | Add +2.7% |
| ABBV Abbvie Inc. | 1.78% | 614,095 | $142.2M | Add +3.9% |
| BX Blackstone Inc. | 1.74% | 811,913 | $138.7M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 1.69% | 426,483 | $134.5M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 1.58% | 517,870 | $126.1M | Reduce -2.9% |
| C Citigroup Inc. | 1.53% | 1,202,999 | $122.1M | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 1.44% | 171,391 | $114.7M | Add +8.4% |
| AMZN Amazon.com Inc. | 1.42% | 516,323 | $113.4M | Add +3.2% |
| PM Philip Morris International | 1.42% | 698,892 | $113.4M | Add +3.5% |
| CSCO Cisco Systems Inc. | 1.31% | 1,530,816 | $104.7M | Add +3.6% |
| GOOGL Alphabet Inc. Class A | 1.27% | 416,517 | $101.3M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.23% | 347,155 | $98.0M | Add +3.8% |
| JNJ Johnson & Johnson | 1.20% | 515,907 | $95.7M | Add +1.9% |
| CVX Chevron Corp. | 1.16% | 596,608 | $92.6M | Add +5.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.10% | 174,410 | $87.7M | Add +3.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.02% | 170,168 | $81.6M | Add +10.8% |
| KMI Kinder Morgan Inc. | 1.01% | 2,834,730 | $80.3M | Add +2.6% |
| ORCL Oracle Corp. | 0.99% | 280,318 | $78.8M | Reduce -3.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.98% | 540,282 | $78.1M | Add +3.2% |
| QCOM Qualcomm Inc. | 0.92% | 440,701 | $73.3M | Add +1.7% |
| TT Trane Technologies PLC | 0.91% | 172,188 | $72.7M | Add +1.5% |
| SPHY SS SPDR P High Yield ETF | 0.91% | 3,025,928 | $72.4M | New |
| SGOV iShares 0-3 Month Treasury B | 0.89% | 707,230 | $71.2M | Reduce -24.0% |
| PANW Palo Alto Networks Inc. | 0.89% | 347,807 | $70.8M | Add +2.6% |
| ACN Accenture PLC Class A | 0.87% | 279,993 | $69.0M | Add +5.6% |
| HON Honeywell International Inc. | 0.86% | 326,311 | $68.7M | Add +3.0% |
| DUK Duke Energy Corp. | 0.84% | 541,896 | $67.1M | Add +4.0% |
| RTX RTX Corp. | 0.84% | 398,423 | $66.7M | Reduce -1.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.82% | 233,246 | $65.1M | Add +0.6% |
| ARCC Ares Capital Corp. | 0.81% | 3,142,995 | $64.1M | Add +4.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.78% | 333,509 | $62.2M | Add +7.9% |
| WPC WP Carey Inc. | 0.78% | 914,969 | $61.8M | Add +4.5% |
| BEPC Brookfield Renewable Corp. | 0.77% | 1,788,239 | $61.6M | Add +4.1% |
| PFE Pfizer Inc. | 0.77% | 2,411,463 | $61.4M | Add +12.1% |
| TXN Texas Instruments Inc. | 0.77% | 332,957 | $61.2M | Add +1.3% |
| MCD McDonald's Corp. | 0.76% | 199,618 | $60.7M | Add +4.3% |
| HD Home Depot Inc. | 0.74% | 144,680 | $58.6M | Add +2.4% |
| DGX Quest Diagnostics Inc. | 0.71% | 297,644 | $56.7M | Add +5.0% |
| TMO Thermo Fisher Scientific Inc. | 0.71% | 116,545 | $56.5M | Add +1.2% |
| OKE Oneok Inc. | 0.70% | 759,241 | $55.4M | Add +23.6% |
| WMB Williams Cos Inc. | 0.64% | 799,432 | $50.6M | Add +2.3% |
| KO The Coca-Cola Co. | 0.63% | 757,638 | $50.2M | Add +5.2% |
| WFC Wells Fargo & Co. | 0.63% | 596,861 | $50.0M | Reduce -18.0% |
| PAGP Plains GP Holdings LP | 0.61% | 2,666,859 | $48.6M | Add +4.0% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.61% | 598,318 | $48.3M | Add +8.3% |
| MA Mastercard Inc. Class A | 0.60% | 84,301 | $48.0M | Add +1.9% |
| WSM Williams-Sonoma Inc. | 0.60% | 244,254 | $47.7M | Add +1.8% |
| STX Seagate Technology Holdings | 0.58% | 195,421 | $46.1M | Reduce -33.4% |
| SBRA Sabra Health Care REIT Inc. | 0.54% | 2,309,654 | $43.1M | Add +2.8% |
| LMT Lockheed Martin Corp. | 0.53% | 85,255 | $42.6M | Add +3.0% |
| MDT Medtronic PLC | 0.52% | 435,376 | $41.5M | Add +2.9% |
| BMY Bristol-Myers Squibb Co. | 0.52% | 913,980 | $41.2M | Add +4.8% |
| OUT Outfront Media Inc. | 0.51% | 2,197,384 | $40.3M | Add +16.8% |
| BLK BlackRock Inc. | 0.50% | 34,410 | $40.1M | Add +0.4% |
| COST Costco Wholesale Corp. | 0.50% | 43,198 | $40.0M | Add +5.0% |
| UL Unilever PLC | 0.50% | 665,494 | $39.5M | Add +4.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.49% | 199,413 | $39.4M | Add +2.7% |
| OHI Omega Healthcare Investors | 0.49% | 918,091 | $38.8M | Add +3.5% |
| ETN Eaton Corp. PLC | 0.48% | 103,156 | $38.6M | Add +0.3% |
| VZ Verizon Communications Inc. | 0.47% | 844,133 | $37.1M | Add +16.0% |
| MCK McKesson Corp. | 0.46% | 47,750 | $36.9M | Add +1.8% |
| CAT Caterpillar Inc. | 0.46% | 77,083 | $36.8M | Add +1.6% |
| PEP Pepsico Inc. | 0.46% | 260,703 | $36.6M | Add +48.1% |
| VEA Vanguard Ftse Developed ETF | 0.45% | 604,502 | $36.2M | Add +4.2% |
| META Meta Platforms Inc. Class A | 0.45% | 48,819 | $35.9M | Add +16.7% |
| TD Toronto-Dominion Bank | 0.43% | 425,737 | $34.0M | Add +2.1% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.42% | 1,573,421 | $33.4M | Add +8.2% |
| VCIT Vanguard Int-Term Corporate | 0.41% | 388,516 | $32.7M | Add +7.1% |
| VRP Invesco Variable Rate Prefer | 0.40% | 1,296,804 | $32.0M | Add +7.3% |
| AON Aon PLC Class A | 0.40% | 89,364 | $31.9M | Add +2.1% |
| MO Altria Group Inc. | 0.40% | 480,273 | $31.7M | Add +12.2% |
| TMUS T-Mobile US Inc. | 0.40% | 132,226 | $31.7M | Add +1.7% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.39% | 283,090 | $30.7M | Add +4.7% |
| URI United Rentals Inc. | 0.38% | 31,749 | $30.3M | Reduce -6.0% |
| NEE Nextera Energy Inc. | 0.38% | 400,532 | $30.2M | Add +1.3% |
| FIS Fidelity National Info Serv | 0.38% | 456,097 | $30.1M | Add +4.5% |
| HST Host Hotels & Resorts Inc. | 0.37% | 1,746,617 | $29.7M | Add +2.1% |
| CME Cme Group Inc. | 0.37% | 109,987 | $29.7M | Add +1.5% |
| FTAI Ftai Aviation Ltd. | 0.37% | 176,706 | $29.5M | Reduce -0.1% |
| SPIB SS SPDR P Int C Corp. ETF | 0.37% | 860,503 | $29.2M | Add +4.5% |
| TEL Te Connectivity PLC | 0.36% | 131,947 | $29.0M | Reduce -0.2% |
| SO The Southern Co. | 0.36% | 302,490 | $28.7M | Add +0.7% |
| DE Deere & Co. | 0.36% | 62,672 | $28.7M | Add +1.4% |
| EPR Epr Properties filed as EPR PPTYS | 0.35% | 483,538 | $28.1M | Add +3.3% |
| STWD Starwood Property Trust Inc. | 0.35% | 1,439,079 | $27.9M | Add +4.1% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.35% | 750,689 | $27.7M | Add +3.8% |
| CASY Casey's General Stores Inc. | 0.34% | 48,355 | $27.3M | Add +4.4% |
| ABT Abbott Laboratories | 0.34% | 202,909 | $27.2M | Add +0.9% |
| KNTK Kinetik Holdings Inc. | 0.34% | 632,387 | $27.0M | Add +4.3% |
| DOC Healthpeak Properties Inc. | 0.34% | 1,404,695 | $26.9M | New |
| KVUE Kenvue Inc. | 0.33% | 1,619,567 | $26.3M | Reduce -1.0% |
| ROST Ross Stores Inc. | 0.33% | 170,507 | $26.0M | Add +2.1% |
| PLD Prologis Inc. | 0.33% | 226,476 | $25.9M | Add +0.5% |
| V Visa Inc. Class A | 0.31% | 71,749 | $24.5M | Reduce -0.5% |
| CB Chubb Ltd. | 0.30% | 85,746 | $24.2M | Add +1905.8% |
| TNL Travel + Leisure Co. | 0.30% | 404,499 | $24.1M | Add +1.2% |
| LIN Linde PLC | 0.30% | 50,193 | $23.8M | Add +2.1% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $109.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 1,139,718 | $79.3M | Add +4.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 23,346 | $29.9M | Add +4.8% |
Total filed on the 13F, all lines: $8.1B.
Portfolio Sells Q2 2025 → Q3 2025
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -96.2% | 0.02% | −0.57 |
| SGOV iShares 0-3 Month Treasury B | Reduce -24.0% | 0.89% | −0.41 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -60.1% | 0.19% | −0.33 |
| WFC Wells Fargo & Co. | Reduce -18.0% | 0.63% | −0.18 |
| KVUE Kenvue Inc. | Reduce -1.0% | 0.33% | −0.15 |
| FITB Fifth Third Bancorp | Reduce -94.6% | 0.01% | −0.14 |
| TGT Target Corp. | Reduce -11.7% | 0.28% | −0.11 |
| AVGO Broadcom Inc. | Reduce -9.3% | 3.47% | −0.07 |
| V Visa Inc. Class A | Reduce -0.5% | 0.31% | −0.05 |
| FCN Fti Consulting Inc. | Sold out | 0.00% | −0.04 |
| PJT PJT Partners Inc. Class A | Reduce -13.8% | 0.14% | −0.03 |
| CCB Coastal Financial Corp. | Reduce -11.9% | 0.17% | −0.02 |
| DHR Danaher Corp. | Reduce -3.0% | 0.12% | −0.02 |
| HES Hess Corp. | Sold out | 0.00% | −0.02 |
| BRKR Bruker Corp. | Reduce -2.4% | 0.03% | −0.01 |
| TFC Truist Financial Corp. | Reduce -1.1% | 0.26% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -12.3% | 0.04% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -1.5% | 0.16% | −0.01 |
| UPS United Parcel Service Class B | Reduce -4.1% | 0.03% | −0.01 |
| ADBE Adobe Inc. | Reduce -14.6% | 0.02% | −0.01 |
| ADP Automatic Data Processing | Reduce -0.1% | 0.06% | −0.01 |
| BF.A Brown-Forman Corp. Class A | Sold out | 0.00% | −0.01 |
| STX Seagate Technology Holdings | Reduce -33.4% | 0.58% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.9% | 0.19% | −0.01 |
| ORI Old Republic Intl Corp. | Sold out | 0.00% | −0.01 |
| DIS The Walt Disney Co. | Reduce -2.5% | 0.03% | −0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -11.6% | 0.01% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -0.1% | 0.06% | −0.01 |
| MTG Mgic Investment Corp. | Reduce -2.6% | 0.05% | −0.01 |
| FISV Fiserv Inc. | Reduce -16.9% | 0.01% | −0.01 |
| TKR Timken Co. | Reduce -0.9% | 0.07% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -0.6% | 0.02% | −0.01 |
| TTD Trade Desk Inc./the Class A | Reduce -27.1% | 0.00% | −0.01 |
| SBUX Starbucks Corp. | Reduce -9.5% | 0.01% | −0.00 |
| ACHR Archer Aviation Inc. Class A | Sold out | 0.00% | −0.00 |
| IJS iShares S&P Small-Cap 600 Va | Sold out | 0.00% | −0.00 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −0.00 |
| VFH Vanguard Financials ETF | Reduce -1.4% | 0.05% | −0.00 |
| VGT Vanguard Info Tech ETF | Reduce -4.7% | 0.13% | −0.00 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.00 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.00 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.00 |
| SFM Sprouts Farmers Market Inc. | Reduce -2.0% | 0.00% | −0.00 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.00 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.00 |
| ELV Elevance Health Inc. | Reduce -23.6% | 0.00% | −0.00 |
| VXUS Vanguard Total Intl Stock | Reduce -39.5% | 0.00% | −0.00 |
| PPG PPG Industries Inc. | Sold out | 0.00% | −0.00 |
| CBZ Cbiz Inc. | Sold out | 0.00% | −0.00 |
| PUI Invesco Dorsey Wright Utilit | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| SPHY SS SPDR P High Yield ETF | New | 0.91% | +0.91 |
| AAPL Apple Inc. | Add +1.6% | 3.10% | +0.38 |
| DOC Healthpeak Properties Inc. | New | 0.34% | +0.34 |
| CB Chubb Ltd. | Add +1905.8% | 0.30% | +0.29 |
| ABBV Abbvie Inc. | Add +3.9% | 1.78% | +0.26 |
| GOOGL Alphabet Inc. Class A | Add +0.7% | 1.27% | +0.26 |
| NVDA Nvidia Corp. | Add +2.7% | 2.84% | +0.25 |
| PEP Pepsico Inc. | Add +48.1% | 0.46% | +0.14 |
| JNJ Johnson & Johnson | Add +1.9% | 1.20% | +0.13 |
| PLTR Palantir Technologies Inc. Class A | Add +357.1% | 0.15% | +0.12 |
| C Citigroup Inc. | Add +0.6% | 1.53% | +0.12 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +10.8% | 1.02% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.6% | 0.82% | +0.09 |
| TJX TJX Companies Inc. | Add +3.2% | 0.98% | +0.08 |
| BX Blackstone Inc. | Add +1.6% | 1.74% | +0.08 |
| OUT Outfront Media Inc. | Add +16.8% | 0.51% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +8.4% | 1.44% | +0.08 |
| AGNC AGNC Investment Corp. | Add +54.2% | 0.21% | +0.07 |
| TSLA Tesla Inc. | Add +30.9% | 0.16% | +0.07 |
| AEM Agnico Eagle Mines Ltd. | Add +2.4% | 0.26% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +1.2% | 0.71% | +0.06 |
| WMS Advanced Drainage Systems Inc. | New | 0.06% | +0.06 |
| WSM Williams-Sonoma Inc. | Add +1.8% | 0.60% | +0.05 |
| CAT Caterpillar Inc. | Add +1.6% | 0.46% | +0.05 |
| SCHG Schwab US Large-Cap Growth | Add +31.9% | 0.22% | +0.05 |
| APP AppLovin Corp. Class A | Add +1.0% | 0.11% | +0.05 |
| MO Altria Group Inc. | Add +12.2% | 0.40% | +0.05 |
| PFE Pfizer Inc. | Add +12.1% | 0.77% | +0.05 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.05% | +0.05 |
| VONG Vanguard Russell 1000 Growth | Add +31.5% | 0.19% | +0.05 |
| SNPS Synopsys Inc. | Add +875.9% | 0.05% | +0.05 |
| BA The Boeing Co. | Add +370.1% | 0.06% | +0.04 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +27.0% | 0.22% | +0.04 |
| IYK iShares US Consumer Staples | New | 0.04% | +0.04 |
| FLUT Flutter Entertainment PLC-Di | New | 0.04% | +0.04 |
| SFY Sofi Select 500 ETF | Add +31.7% | 0.18% | +0.04 |
| CVX Chevron Corp. | Add +5.5% | 1.16% | +0.04 |
| NFLX Netflix Inc. | Add +49.1% | 0.21% | +0.04 |
| OHI Omega Healthcare Investors | Add +3.5% | 0.49% | +0.03 |
| TOL Toll Brothers Inc. | New | 0.03% | +0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +8.3% | 0.61% | +0.03 |
| ROST Ross Stores Inc. | Add +2.1% | 0.33% | +0.03 |
| FELG Fidelity Enh LRG Cap GWTH | Add +29.9% | 0.13% | +0.03 |
| CWAN Clearwater Analytics HDS-A | New | 0.03% | +0.03 |
| VZ Verizon Communications Inc. | Add +16.0% | 0.47% | +0.03 |
| DLN Wisdomtree US Largecap Divid | New | 0.03% | +0.03 |
| LNC Lincoln National Corp. | Add +3.4% | 0.29% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +7.9% | 0.78% | +0.02 |
| META Meta Platforms Inc. Class A | Add +16.7% | 0.45% | +0.02 |
| WM Waste Management Inc. | Add +39.4% | 0.11% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +4.6% | 1,139,718 | $79.3M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +4.8% | 23,346 | $29.9M |
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 |