Bahl & Gaynor LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Bahl & Gaynor LLC reported 332 stock positions worth $19.8 billion. Its top holding was Broadcom (AVGO) at 5.6% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Abbvie (ABBV, 3.9%). Compared with Q1 2025, it opened 12 new positions, sold out of 17, added to 106 and reduced 177. The biggest buy was Microsoft (MSFT, shares +6%) and the biggest sale Pepsico (PEP, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- CINCINNATI, OH
- CIK
- 0000872259
- Portfolio Value
- $19.8B (Q2 2025)
- SEC Filing
- 0000872259-25-000008 ↗ filed Aug 12, 2025
Holdings Value
Holdings 332 stocks · $19.8B
| AVGO Broadcom Inc. | 5.62% | 4,030,369 | $1.1B | Reduce -7.1% |
| MSFT Microsoft Corp. | 4.27% | 1,695,323 | $843.3M | Add +5.7% |
| ABBV Abbvie Inc. | 3.87% | 4,122,570 | $765.2M | Add +25.0% |
| PG The Procter & Gamble Co. | 3.41% | 4,231,199 | $674.1M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 3.28% | 831,489 | $648.2M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 3.04% | 2,069,375 | $599.9M | Reduce -0.9% |
| WMB Williams Cos Inc. | 2.71% | 8,518,814 | $535.1M | Reduce -24.5% |
| HD Home Depot Inc. | 2.32% | 1,249,165 | $458.0M | Reduce -1.3% |
| MRSH Marsh & McLennan Cos | 2.14% | 1,933,318 | $422.7M | Reduce -1.4% |
| MDLZ Mondelez International Inc. Class A | 2.07% | 6,060,915 | $408.7M | Reduce -1.4% |
| NEE Nextera Energy Inc. | 1.99% | 5,665,303 | $393.3M | Reduce -1.5% |
| JNJ Johnson & Johnson | 1.95% | 2,526,930 | $386.0M | Add +15.5% |
| TXN Texas Instruments Inc. | 1.69% | 1,606,143 | $333.5M | Reduce -27.2% |
| ETN Eaton Corp. PLC | 1.65% | 912,768 | $325.8M | Reduce -24.2% |
| CVX Chevron Corp. | 1.62% | 2,239,988 | $320.7M | Reduce -1.4% |
| MCD McDonald's Corp. | 1.59% | 1,077,753 | $314.9M | Reduce -1.8% |
| TRV The Travelers Cos Inc. | 1.58% | 1,165,917 | $311.9M | Reduce -30.6% |
| HIG Hartford Insurance Group Inc. | 1.50% | 2,336,324 | $296.4M | Add +9.1% |
| ADP Automatic Data Processing | 1.46% | 938,690 | $289.5M | Reduce -1.9% |
| BR Broadridge Financial Solutio | 1.46% | 1,190,777 | $289.4M | Add +1.9% |
| PNC PNC Financial Services Group | 1.41% | 1,490,029 | $277.8M | Reduce -6.4% |
| SRE Sempra | 1.39% | 3,614,830 | $273.9M | Reduce -9.7% |
| APD Air Products & Chemicals Inc. | 1.33% | 932,128 | $262.9M | Reduce -17.1% |
| PAYX Paychex Inc. | 1.33% | 1,804,182 | $262.4M | Add +2.8% |
| LMT Lockheed Martin Corp. | 1.25% | 534,130 | $247.4M | Reduce -1.5% |
| UNH Unitedhealth Group Inc. | 1.07% | 680,777 | $212.4M | Add +145.7% |
| MRK Merck & Co. Inc. | 0.98% | 2,435,932 | $192.8M | Reduce -34.9% |
| PEP Pepsico Inc. | 0.97% | 1,445,890 | $190.9M | Reduce -37.6% |
| CTAS Cintas Corp. | 0.88% | 784,607 | $174.9M | Reduce -5.2% |
| CINF Cincinnati Financial Corp. | 0.88% | 1,170,415 | $174.3M | Add +0.1% |
| ACN Accenture PLC Class A | 0.88% | 581,902 | $173.9M | Add +40.1% |
| CME Cme Group Inc. | 0.86% | 619,473 | $170.7M | Reduce -1.8% |
| TRGP Targa Resources Corp. | 0.86% | 979,794 | $170.6M | Add +5.1% |
| CSCO Cisco Systems Inc. | 0.85% | 2,411,327 | $167.3M | Add +12.9% |
| ITW Illinois Tool Works | 0.84% | 667,602 | $165.1M | Reduce -1.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.83% | 1,332,784 | $164.6M | Add +0.6% |
| MSI Motorola Solutions Inc. | 0.83% | 390,119 | $164.0M | Add +0.3% |
| XOM Exxon Mobil Corp. | 0.78% | 1,435,215 | $154.7M | Add +21.4% |
| AAPL Apple Inc. | 0.77% | 744,773 | $152.8M | Reduce -1.9% |
| KDP Keurig Dr Pepper Inc. | 0.71% | 4,224,469 | $139.7M | Reduce -0.7% |
| PPL PPL Corp. | 0.70% | 4,093,334 | $138.7M | Add +3.0% |
| KMI Kinder Morgan Inc. | 0.70% | 4,706,989 | $138.4M | Reduce -0.0% |
| ABT Abbott Laboratories | 0.67% | 969,054 | $131.8M | Add +0.2% |
| GLW Corning Inc. | 0.66% | 2,474,719 | $130.1M | Reduce -3.0% |
| RTX RTX Corp. | 0.64% | 868,966 | $126.9M | Add +11.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.64% | 554,077 | $125.5M | Add +3.2% |
| EVR Evercore Inc. Class A | 0.63% | 464,592 | $125.4M | Add +3.8% |
| WSO Watsco Inc. | 0.62% | 278,036 | $122.8M | Reduce -4.2% |
| KO The Coca-Cola Co. | 0.61% | 1,714,561 | $121.3M | Add +6.5% |
| USB US Bancorp | 0.60% | 2,607,249 | $118.0M | Reduce -3.1% |
| SNA Snap-on Inc. | 0.59% | 376,351 | $117.1M | Add +10.4% |
| TEL Te Connectivity PLC | 0.58% | 680,548 | $114.8M | Add +40481.3% |
| SYK Stryker Corp. | 0.57% | 285,287 | $112.9M | Reduce -1.1% |
| HUBB Hubbell Inc. | 0.54% | 263,287 | $107.5M | Add +26.5% |
| VCTR Victory Capital Holding - A | 0.53% | 1,644,884 | $104.7M | Reduce -9.9% |
| O Realty Income Corp. | 0.53% | 1,803,237 | $103.9M | Reduce -25.1% |
| WM Waste Management Inc. | 0.52% | 447,762 | $102.5M | Reduce -13.0% |
| PSX Phillips 66 | 0.52% | 854,543 | $101.9M | Reduce -41.8% |
| RGA Reinsurance Group of America | 0.51% | 509,770 | $101.1M | Add +81.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.50% | 3,053,176 | $99.5M | Reduce -0.1% |
| WEC WEC Energy Group Inc. | 0.49% | 926,224 | $96.5M | Reduce -29.8% |
| DELL Dell Technologies -C | 0.46% | 744,173 | $91.2M | Reduce -42.5% |
| META Meta Platforms Inc. Class A | 0.45% | 120,313 | $88.8M | Add +3.3% |
| PLD Prologis Inc. | 0.44% | 835,205 | $87.8M | Reduce -24.4% |
| APO Apollo Global Management Inc. | 0.44% | 615,248 | $87.3M | Add +3.1% |
| OKE Oneok Inc. | 0.42% | 1,023,642 | $83.6M | Reduce -1.8% |
| FAST Fastenal Co. | 0.42% | 1,982,521 | $83.3M | Reduce -0.1% |
| BAH Booz Allen Hamilton Holdings | 0.41% | 781,491 | $81.4M | Reduce -6.4% |
| AMGN Amgen Inc. | 0.41% | 288,918 | $80.7M | Reduce -1.5% |
| QCOM Qualcomm Inc. | 0.37% | 460,452 | $73.3M | Reduce -41.7% |
| GD General Dynamics Corp. | 0.37% | 250,133 | $73.0M | Reduce -0.8% |
| AVY Avery Dennison Corp. | 0.37% | 414,656 | $72.8M | Add +4.4% |
| ADI Analog Devices Inc. | 0.36% | 298,223 | $71.0M | Reduce -1.2% |
| CSL Carlisle Cos Inc. | 0.35% | 187,015 | $69.8M | Reduce -0.9% |
| AFG American Financial Group Inc. | 0.33% | 519,348 | $65.5M | Reduce -19.5% |
| DTM DT Midstream Inc. | 0.31% | 554,318 | $60.9M | Add +31.1% |
| UNP Union Pacific Corp. | 0.31% | 264,151 | $60.8M | Reduce -28.3% |
| GOOGL Alphabet Inc. Class A | 0.31% | 344,560 | $60.7M | Add +52.5% |
| BLK BlackRock Inc. | 0.31% | 57,467 | $60.3M | Reduce -1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 1,239,689 | $58.7M | Reduce -3.5% |
| NI Nisource Inc. | 0.29% | 1,443,705 | $58.2M | Reduce -2.1% |
| CBOE Cboe Global Markets Inc. | 0.28% | 241,140 | $56.2M | Add +4.0% |
| GIL Gildan Activewear Inc. | 0.28% | 1,117,632 | $55.0M | Add +10.8% |
| PKG Packaging Corp. of America | 0.27% | 288,258 | $54.3M | Add +9.2% |
| IPAR Interparfums Inc. | 0.27% | 406,497 | $53.4M | Add +8.5% |
| PRGO Perrigo Co. PLC | 0.27% | 1,979,301 | $52.9M | Reduce -7.8% |
| ORCL Oracle Corp. | 0.26% | 233,541 | $51.1M | Reduce -8.0% |
| DGX Quest Diagnostics Inc. | 0.26% | 281,039 | $50.5M | Reduce -10.7% |
| NOC Northrop Grumman Corp. | 0.25% | 100,665 | $50.3M | Reduce -5.9% |
| CMS CMS Energy Corp. | 0.25% | 724,816 | $50.2M | Add +9.5% |
| AVB Avalonbay Communities Inc. | 0.25% | 245,420 | $49.9M | New |
| ATO Atmos Energy Corp. | 0.25% | 323,257 | $49.8M | Add +5.7% |
| DOX Amdocs Ltd. | 0.25% | 542,545 | $49.5M | Reduce -8.4% |
| KKR KKR & Co. Inc. | 0.24% | 362,019 | $48.2M | Add +1.5% |
| KLAC KLA Corp. | 0.24% | 53,534 | $48.0M | Reduce -1.7% |
| RPM RPM International Inc. | 0.23% | 411,114 | $45.2M | Add +4.3% |
| WMT Walmart Inc. | 0.23% | 461,054 | $45.1M | Add +92.8% |
| ADC Agree Realty Corp. | 0.22% | 596,408 | $43.6M | Add +8.6% |
| TXRH Texas Roadhouse Inc. | 0.22% | 230,772 | $43.2M | Reduce -8.0% |
| LHX L3HARRIS Technologies Inc. | 0.20% | 160,214 | $40.2M | Add +1.1% |
Portfolio Sells Q1 2025 → Q2 2025
| PEP Pepsico Inc. | Reduce -37.6% | 0.97% | −0.81 |
| MRK Merck & Co. Inc. | Reduce -34.9% | 0.98% | −0.74 |
| WMB Williams Cos Inc. | Reduce -24.5% | 2.71% | −0.73 |
| TRV The Travelers Cos Inc. | Reduce -30.6% | 1.58% | −0.69 |
| PSX Phillips 66 | Reduce -41.8% | 0.52% | −0.41 |
| HPQ HP Inc. | Reduce -95.7% | 0.01% | −0.36 |
| APD Air Products & Chemicals Inc. | Reduce -17.1% | 1.33% | −0.36 |
| TXN Texas Instruments Inc. | Reduce -27.2% | 1.69% | −0.33 |
| CVX Chevron Corp. | Reduce -1.4% | 1.62% | −0.31 |
| PG The Procter & Gamble Co. | Reduce -1.1% | 3.41% | −0.30 |
| MRSH Marsh & McLennan Cos | Reduce -1.4% | 2.14% | −0.30 |
| LLY Eli Lilly & Co. | Reduce -1.5% | 3.28% | −0.27 |
| QCOM Qualcomm Inc. | Reduce -41.7% | 0.37% | −0.25 |
| WEC WEC Energy Group Inc. | Reduce -29.8% | 0.49% | −0.24 |
| O Realty Income Corp. | Reduce -25.1% | 0.53% | −0.19 |
| PLD Prologis Inc. | Reduce -24.4% | 0.44% | −0.19 |
| MCD McDonald's Corp. | Reduce -1.8% | 1.59% | −0.15 |
| DELL Dell Technologies -C | Reduce -42.5% | 0.46% | −0.14 |
| UNP Union Pacific Corp. | Reduce -28.3% | 0.31% | −0.14 |
| WSO Watsco Inc. | Reduce -4.2% | 0.62% | −0.13 |
| OKE Oneok Inc. | Reduce -1.8% | 0.42% | −0.10 |
| AFG American Financial Group Inc. | Reduce -19.5% | 0.33% | −0.10 |
| WM Waste Management Inc. | Reduce -13.0% | 0.52% | −0.09 |
| NEE Nextera Energy Inc. | Reduce -1.5% | 1.99% | −0.09 |
| AAPL Apple Inc. | Reduce -1.9% | 0.77% | −0.09 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.07 |
| SRE Sempra | Reduce -9.7% | 1.39% | −0.07 |
| NSP Insperity Inc. | Reduce -86.2% | 0.01% | −0.06 |
| HOMB Home Bancshares Inc. | Reduce -82.1% | 0.01% | −0.06 |
| AMGN Amgen Inc. | Reduce -1.5% | 0.41% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.4% | 2.07% | −0.06 |
| TRNO Terreno Realty Corp. | Reduce -25.9% | 0.09% | −0.05 |
| HD Home Depot Inc. | Reduce -1.3% | 2.32% | −0.05 |
| ZTS Zoetis Inc. | Reduce -16.1% | 0.16% | −0.04 |
| PRGO Perrigo Co. PLC | Reduce -7.8% | 0.27% | −0.04 |
| KDP Keurig Dr Pepper Inc. | Reduce -0.7% | 0.71% | −0.04 |
| CAG Conagra Brands Inc. | Reduce -93.4% | 0.00% | −0.03 |
| BAH Booz Allen Hamilton Holdings | Reduce -6.4% | 0.41% | −0.03 |
| SBUX Starbucks Corp. | Reduce -24.9% | 0.08% | −0.03 |
| BDX Becton Dickinson and Co. | Reduce -8.5% | 0.06% | −0.03 |
| DOX Amdocs Ltd. | Reduce -8.4% | 0.25% | −0.03 |
| ADP Automatic Data Processing | Reduce -1.9% | 1.46% | −0.03 |
| NOC Northrop Grumman Corp. | Reduce -5.9% | 0.25% | −0.02 |
| ITW Illinois Tool Works | Reduce -1.6% | 0.84% | −0.02 |
| PNC PNC Financial Services Group | Reduce -6.4% | 1.41% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -24.2% | 1.65% | −0.02 |
| FISV Fiserv Inc. | Reduce -0.8% | 0.06% | −0.02 |
| DGX Quest Diagnostics Inc. | Reduce -10.7% | 0.26% | −0.02 |
| AVNT Avient Corp. | Reduce -0.2% | 0.08% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 0.12% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +5.7% | 4.27% | +1.20 |
| TEL Te Connectivity PLC | Add +40481.3% | 0.58% | +0.58 |
| ABBV Abbvie Inc. | Add +25.0% | 3.87% | +0.35 |
| UNH Unitedhealth Group Inc. | Add +145.7% | 1.07% | +0.34 |
| AVB Avalonbay Communities Inc. | New | 0.25% | +0.25 |
| RGA Reinsurance Group of America | Add +81.3% | 0.51% | +0.23 |
| ACN Accenture PLC Class A | Add +40.1% | 0.88% | +0.22 |
| HUBB Hubbell Inc. | Add +26.5% | 0.54% | +0.19 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.2% | 0.64% | +0.18 |
| EVR Evercore Inc. Class A | Add +3.8% | 0.63% | +0.18 |
| CSCO Cisco Systems Inc. | Add +12.9% | 0.85% | +0.18 |
| WDC Western Digital Corp. | New | 0.16% | +0.16 |
| HIG Hartford Insurance Group Inc. | Add +9.1% | 1.50% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +52.5% | 0.31% | +0.13 |
| CARR Carrier Global Corp. | Add +312.3% | 0.16% | +0.12 |
| WMT Walmart Inc. | Add +92.8% | 0.23% | +0.12 |
| RTX RTX Corp. | Add +11.0% | 0.64% | +0.11 |
| META Meta Platforms Inc. Class A | Add +3.3% | 0.45% | +0.11 |
| JNJ Johnson & Johnson | Add +15.5% | 1.95% | +0.10 |
| DTM DT Midstream Inc. | Add +31.1% | 0.31% | +0.10 |
| ELS Equity Lifestyle Properties | Add +111.2% | 0.16% | +0.08 |
| R Ryder System Inc. | Add +149.1% | 0.12% | +0.07 |
| XOM Exxon Mobil Corp. | Add +21.4% | 0.78% | +0.07 |
| IPAR Interparfums Inc. | Add +8.5% | 0.27% | +0.05 |
| GIL Gildan Activewear Inc. | Add +10.8% | 0.28% | +0.05 |
| EHC Encompass Health Corp. | Add +14.8% | 0.18% | +0.05 |
| ALLE Allegion PLC | Add +105.5% | 0.08% | +0.05 |
| PAG Penske Automotive Group Inc. | Add +32.7% | 0.11% | +0.04 |
| PH Parker Hannifin Corp. | Add +13.2% | 0.17% | +0.04 |
| LHX L3HARRIS Technologies Inc. | Add +1.1% | 0.20% | +0.03 |
| KKR KKR & Co. Inc. | Add +1.5% | 0.24% | +0.03 |
| LNT Alliant Energy Corp. | Add +26.8% | 0.18% | +0.03 |
| KO The Coca-Cola Co. | Add +6.5% | 0.61% | +0.03 |
| APO Apollo Global Management Inc. | Add +3.1% | 0.44% | +0.03 |
| AVT Avnet Inc. | Add +8.1% | 0.16% | +0.02 |
| BR Broadridge Financial Solutio | Add +1.9% | 1.46% | +0.02 |
| CBOE Cboe Global Markets Inc. | Add +4.0% | 0.28% | +0.02 |
| AMD Advanced Micro Devices | Add +0.1% | 0.06% | +0.02 |
| FSS Federal Signal Corp. | Add +3.1% | 0.05% | +0.01 |
| ABT Abbott Laboratories | Add +0.2% | 0.67% | +0.01 |
| NTAP Netapp Inc. | Add +5.0% | 0.06% | +0.01 |
| ENSG The Ensign Group Inc. | Add +3.0% | 0.06% | +0.01 |
| ATO Atmos Energy Corp. | Add +5.7% | 0.25% | +0.01 |
| BX Blackstone Inc. | Add +0.0% | 0.17% | +0.01 |
| TJX TJX Companies Inc. | Add +0.6% | 0.83% | +0.01 |
| BWXT BWX Technologies Inc. | Add +4.3% | 0.03% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +16.3% | 0.04% | +0.01 |
| AIT Applied Industrial Tech Inc. | Add +78.7% | 0.02% | +0.01 |
| MZTI The Marzetti Company | Add +7.8% | 0.17% | +0.01 |
| LFUS Littelfuse Inc. | Add +38.1% | 0.02% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 341 | $21.7B | AVGO, LLY, MSFT, TSM, ABBV |
| Q1 2026 | 327 | $19.8B | AVGO, MSFT, JNJ, LLY, ABBV |
| Q4 2025 | 327 | $19.8B | AVGO, MSFT, LLY, ABBV, JPM |
| Q3 2025 | 326 | $20.1B | AVGO, MSFT, ABBV, JPM, PG |
| Q2 2025 | 332 | $19.8B | AVGO, MSFT, ABBV, PG, LLY |
| Q1 2025 | 337 | $19.6B | PG, AVGO, LLY, ABBV, WMB |
| Q4 2024 | 336 | $18.9B | AVGO, PG, MSFT, LLY, ABBV |
| Q3 2024 | 342 | $19.4B | AVGO, LLY, PG, ABBV, MSFT |
| Q2 2024 | 333 | $17.9B | AVGO, LLY, PG, MSFT, ABBV |
| Q1 2024 | 338 | $18.0B | AVGO, LLY, PG, MSFT, ABBV |