Bahl & Gaynor LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Bahl & Gaynor LLC reported 326 stock positions worth $20.1 billion. Its top holding was Broadcom (AVGO) at 5.5% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Abbvie (ABBV, 3.6%). Compared with Q2 2025, it opened 7 new positions, sold out of 13, added to 100 and reduced 170. The biggest buy was Johnson & Johnson (JNJ, shares +6%) and the biggest sale Merck (MRK, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- CINCINNATI, OH
- CIK
- 0000872259
- Portfolio Value
- $20.1B (Q3 2025)
- SEC Filing
- 0000872259-25-000010 ↗ filed Nov 12, 2025
Holdings Value
Holdings 326 stocks · $20.1B
| AVGO Broadcom Inc. | 5.52% | 3,371,689 | $1.1B | Reduce -16.3% |
| MSFT Microsoft Corp. | 4.33% | 1,683,686 | $872.1M | Reduce -0.7% |
| ABBV Abbvie Inc. | 3.63% | 3,154,256 | $730.3M | Reduce -23.5% |
| JPM JPMorgan Chase & Co. | 3.15% | 2,011,301 | $634.4M | Reduce -2.8% |
| PG The Procter & Gamble Co. | 3.13% | 4,103,354 | $630.5M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 3.05% | 803,980 | $613.4M | Reduce -3.3% |
| WMB Williams Cos Inc. | 2.60% | 8,257,555 | $523.1M | Reduce -3.1% |
| JNJ Johnson & Johnson | 2.46% | 2,667,504 | $494.6M | Add +5.6% |
| HD Home Depot Inc. | 2.44% | 1,214,639 | $492.2M | Reduce -2.8% |
| NEE Nextera Energy Inc. | 2.05% | 5,476,332 | $413.4M | Reduce -3.3% |
| MRSH Marsh & McLennan Cos | 1.85% | 1,846,515 | $372.1M | Reduce -4.5% |
| MDLZ Mondelez International Inc. Class A | 1.80% | 5,816,826 | $363.4M | Reduce -4.0% |
| CVX Chevron Corp. | 1.75% | 2,263,166 | $351.4M | Add +1.0% |
| ETN Eaton Corp. PLC | 1.65% | 886,696 | $331.8M | Reduce -2.9% |
| MCD McDonald's Corp. | 1.57% | 1,041,188 | $316.4M | Reduce -3.4% |
| SRE Sempra | 1.56% | 3,499,794 | $314.9M | Reduce -3.2% |
| TRV The Travelers Cos Inc. | 1.54% | 1,112,951 | $310.8M | Reduce -4.5% |
| HIG Hartford Insurance Group Inc. | 1.52% | 2,291,946 | $305.7M | Reduce -1.9% |
| PNC PNC Financial Services Group | 1.44% | 1,441,275 | $289.6M | Reduce -3.3% |
| BR Broadridge Financial Solutio | 1.40% | 1,185,303 | $282.3M | Reduce -0.5% |
| ADP Automatic Data Processing | 1.32% | 905,130 | $265.7M | Reduce -3.6% |
| LMT Lockheed Martin Corp. | 1.29% | 518,798 | $259.0M | Reduce -2.9% |
| TXN Texas Instruments Inc. | 1.20% | 1,317,452 | $242.1M | Reduce -18.0% |
| UNH Unitedhealth Group Inc. | 1.17% | 684,161 | $236.2M | Add +0.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.14% | 819,918 | $229.0M | Add +48.0% |
| PAYX Paychex Inc. | 1.10% | 1,746,330 | $221.4M | Reduce -3.2% |
| TRGP Targa Resources Corp. | 1.03% | 1,242,347 | $208.1M | Add +26.8% |
| CSCO Cisco Systems Inc. | 1.00% | 2,952,995 | $202.0M | Add +22.5% |
| APD Air Products & Chemicals Inc. | 0.99% | 729,494 | $198.9M | Reduce -21.7% |
| CINF Cincinnati Financial Corp. | 0.95% | 1,207,736 | $190.9M | Add +3.2% |
| PEP Pepsico Inc. | 0.94% | 1,350,835 | $189.7M | Reduce -6.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.94% | 1,310,283 | $189.4M | Reduce -1.7% |
| TEL Te Connectivity PLC | 0.94% | 861,281 | $189.1M | Add +26.6% |
| AAPL Apple Inc. | 0.89% | 702,586 | $178.9M | Reduce -5.7% |
| MSI Motorola Solutions Inc. | 0.86% | 379,716 | $173.6M | Reduce -2.7% |
| GLW Corning Inc. | 0.84% | 2,059,718 | $169.0M | Reduce -16.8% |
| ACN Accenture PLC Class A | 0.83% | 680,832 | $167.9M | Add +17.0% |
| ITW Illinois Tool Works | 0.82% | 634,255 | $165.4M | Reduce -5.0% |
| CME Cme Group Inc. | 0.80% | 596,903 | $161.3M | Reduce -3.6% |
| PPL PPL Corp. | 0.80% | 4,338,246 | $161.2M | Add +6.0% |
| CTAS Cintas Corp. | 0.78% | 764,186 | $156.9M | Reduce -2.6% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.77% | 4,724,487 | $154.1M | Add +54.7% |
| XOM Exxon Mobil Corp. | 0.76% | 1,355,913 | $152.9M | Reduce -5.5% |
| EVR Evercore Inc. Class A | 0.74% | 444,022 | $149.8M | Reduce -4.4% |
| GD General Dynamics Corp. | 0.72% | 426,572 | $145.5M | Add +70.5% |
| RTX RTX Corp. | 0.70% | 838,365 | $140.3M | Reduce -3.5% |
| APO Apollo Global Management Inc. | 0.66% | 996,727 | $132.8M | Add +62.0% |
| SNA Snap-on Inc. | 0.66% | 381,283 | $132.1M | Add +1.3% |
| KMI Kinder Morgan Inc. | 0.64% | 4,540,250 | $128.5M | Reduce -3.5% |
| USB US Bancorp | 0.62% | 2,577,657 | $124.6M | Reduce -1.1% |
| ABT Abbott Laboratories | 0.60% | 897,482 | $120.2M | Reduce -7.4% |
| KO The Coca-Cola Co. | 0.58% | 1,760,861 | $116.8M | Add +2.7% |
| RGA Reinsurance Group of America | 0.58% | 604,664 | $116.2M | Add +18.6% |
| HUBB Hubbell Inc. | 0.57% | 268,398 | $115.5M | Add +1.9% |
| VCTR Victory Capital Holding - A | 0.55% | 1,723,897 | $111.6M | Add +4.8% |
| AVB Avalonbay Communities Inc. | 0.53% | 555,832 | $107.4M | Add +126.5% |
| WSO Watsco Inc. | 0.52% | 258,285 | $104.4M | Reduce -7.1% |
| SYK Stryker Corp. | 0.51% | 279,006 | $103.1M | Reduce -2.2% |
| WM Waste Management Inc. | 0.51% | 465,693 | $102.8M | Add +4.0% |
| WEC WEC Energy Group Inc. | 0.50% | 878,339 | $100.6M | Reduce -5.2% |
| KDP Keurig Dr Pepper Inc. | 0.47% | 3,675,271 | $93.8M | Reduce -13.0% |
| FAST Fastenal Co. | 0.47% | 1,910,842 | $93.7M | Reduce -3.6% |
| GOOGL Alphabet Inc. Class A | 0.46% | 380,918 | $92.6M | Add +10.6% |
| META Meta Platforms Inc. Class A | 0.44% | 121,714 | $89.4M | Add +1.2% |
| MRK Merck & Co. Inc. | 0.43% | 1,029,841 | $86.4M | Reduce -57.7% |
| GIL Gildan Activewear Inc. | 0.42% | 1,457,591 | $84.2M | Add +30.4% |
| PSX Phillips 66 | 0.40% | 585,652 | $79.7M | Reduce -31.5% |
| O Realty Income Corp. | 0.36% | 1,184,919 | $72.0M | Reduce -34.3% |
| ADI Analog Devices Inc. | 0.35% | 290,250 | $71.3M | Reduce -2.7% |
| ORCL Oracle Corp. | 0.35% | 248,625 | $69.9M | Add +6.5% |
| AFG American Financial Group Inc. | 0.35% | 479,226 | $69.8M | Reduce -7.7% |
| DTM DT Midstream Inc. | 0.32% | 568,445 | $64.3M | Add +2.5% |
| PKG Packaging Corp. of America | 0.32% | 293,645 | $64.0M | Add +1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 1,235,073 | $63.7M | Reduce -0.4% |
| LHX L3HARRIS Technologies Inc. | 0.30% | 200,355 | $61.2M | Add +25.1% |
| PLD Prologis Inc. | 0.30% | 528,001 | $60.5M | Reduce -36.8% |
| OKE Oneok Inc. | 0.30% | 817,707 | $59.7M | Reduce -20.1% |
| AVY Avery Dennison Corp. | 0.29% | 365,808 | $59.3M | Reduce -11.8% |
| NOC Northrop Grumman Corp. | 0.29% | 97,131 | $59.2M | Reduce -3.5% |
| NI Nisource Inc. | 0.29% | 1,365,859 | $59.1M | Reduce -5.4% |
| CSL Carlisle Cos Inc. | 0.29% | 179,324 | $59.0M | Reduce -4.1% |
| CBOE Cboe Global Markets Inc. | 0.29% | 239,907 | $58.8M | Reduce -0.5% |
| BAH Booz Allen Hamilton Holdings | 0.29% | 586,646 | $58.6M | Reduce -24.9% |
| BLK BlackRock Inc. | 0.29% | 49,631 | $57.9M | Reduce -13.6% |
| UNP Union Pacific Corp. | 0.29% | 243,286 | $57.5M | Reduce -7.9% |
| KLAC KLA Corp. | 0.28% | 52,719 | $56.9M | Reduce -1.5% |
| ATO Atmos Energy Corp. | 0.28% | 328,043 | $56.0M | Add +1.5% |
| AMGN Amgen Inc. | 0.28% | 198,402 | $56.0M | Reduce -31.3% |
| WDC Western Digital Corp. | 0.28% | 462,850 | $55.6M | Reduce -5.8% |
| EHC Encompass Health Corp. | 0.27% | 421,811 | $53.6M | Add +46.4% |
| CMS CMS Energy Corp. | 0.26% | 720,057 | $52.8M | Reduce -0.7% |
| PM Philip Morris International | 0.24% | 303,537 | $49.2M | Add +881.8% |
| RPM RPM International Inc. | 0.24% | 415,014 | $48.9M | Add +0.9% |
| WMT Walmart Inc. | 0.24% | 470,200 | $48.5M | Add +2.0% |
| PRGO Perrigo Co. PLC | 0.23% | 2,087,075 | $46.5M | Add +5.5% |
| KKR KKR & Co. Inc. | 0.23% | 354,749 | $46.1M | Reduce -2.0% |
| LNT Alliant Energy Corp. | 0.23% | 675,388 | $45.5M | Add +12.3% |
| DELL Dell Technologies -C | 0.22% | 319,336 | $45.3M | Reduce -57.1% |
| DOX Amdocs Ltd. | 0.22% | 551,734 | $45.3M | Add +1.7% |
| ADC Agree Realty Corp. | 0.21% | 604,627 | $43.0M | Add +1.4% |
Portfolio Sells Q2 2025 → Q3 2025
| MRK Merck & Co. Inc. | Reduce -57.7% | 0.43% | −0.55 |
| TXN Texas Instruments Inc. | Reduce -18.0% | 1.20% | −0.49 |
| APD Air Products & Chemicals Inc. | Reduce -21.7% | 0.99% | −0.34 |
| MRSH Marsh & McLennan Cos | Reduce -4.5% | 1.85% | −0.29 |
| PG The Procter & Gamble Co. | Reduce -3.0% | 3.13% | −0.28 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.0% | 1.80% | −0.26 |
| ABBV Abbvie Inc. | Reduce -23.5% | 3.63% | −0.25 |
| KDP Keurig Dr Pepper Inc. | Reduce -13.0% | 0.47% | −0.24 |
| DELL Dell Technologies -C | Reduce -57.1% | 0.22% | −0.24 |
| LLY Eli Lilly & Co. | Reduce -3.3% | 3.05% | −0.23 |
| PAYX Paychex Inc. | Reduce -3.2% | 1.10% | −0.23 |
| QCOM Qualcomm Inc. | Reduce -53.7% | 0.18% | −0.20 |
| O Realty Income Corp. | Reduce -34.3% | 0.36% | −0.17 |
| ZTS Zoetis Inc. | Reduce -91.8% | 0.01% | −0.15 |
| ADP Automatic Data Processing | Reduce -3.6% | 1.32% | −0.15 |
| PLD Prologis Inc. | Reduce -36.8% | 0.30% | −0.14 |
| AMGN Amgen Inc. | Reduce -31.3% | 0.28% | −0.13 |
| OKE Oneok Inc. | Reduce -20.1% | 0.30% | −0.13 |
| BAH Booz Allen Hamilton Holdings | Reduce -24.9% | 0.29% | −0.12 |
| PSX Phillips 66 | Reduce -31.5% | 0.40% | −0.12 |
| WMB Williams Cos Inc. | Reduce -3.1% | 2.60% | −0.11 |
| CTAS Cintas Corp. | Reduce -2.6% | 0.78% | −0.11 |
| WSO Watsco Inc. | Reduce -7.1% | 0.52% | −0.10 |
| AVGO Broadcom Inc. | Reduce -16.3% | 5.52% | −0.10 |
| AVY Avery Dennison Corp. | Reduce -11.8% | 0.29% | −0.07 |
| ABT Abbott Laboratories | Reduce -7.4% | 0.60% | −0.07 |
| CME Cme Group Inc. | Reduce -3.6% | 0.80% | −0.06 |
| BR Broadridge Financial Solutio | Reduce -0.5% | 1.40% | −0.06 |
| KMI Kinder Morgan Inc. | Reduce -3.5% | 0.64% | −0.06 |
| CSL Carlisle Cos Inc. | Reduce -4.1% | 0.29% | −0.06 |
| SYK Stryker Corp. | Reduce -2.2% | 0.51% | −0.06 |
| DGX Quest Diagnostics Inc. | Reduce -22.9% | 0.21% | −0.05 |
| TRV The Travelers Cos Inc. | Reduce -4.5% | 1.54% | −0.04 |
| CDW CDW Corp. | Reduce -6.2% | 0.16% | −0.04 |
| PEP Pepsico Inc. | Reduce -6.6% | 0.94% | −0.02 |
| HON Honeywell International Inc. | Reduce -4.5% | 0.13% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -5.5% | 0.76% | −0.02 |
| AVT Avnet Inc. | Reduce -11.5% | 0.13% | −0.02 |
| MCD McDonald's Corp. | Reduce -3.4% | 1.57% | −0.02 |
| UNP Union Pacific Corp. | Reduce -7.9% | 0.29% | −0.02 |
| AVNT Avient Corp. | Reduce -26.1% | 0.06% | −0.02 |
| BLK BlackRock Inc. | Reduce -13.6% | 0.29% | −0.02 |
| SBUX Starbucks Corp. | Reduce -12.8% | 0.06% | −0.02 |
| FISV Fiserv Inc. | Reduce -1.3% | 0.04% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -20.1% | 0.04% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -2.0% | 0.23% | −0.01 |
| ITW Illinois Tool Works | Reduce -5.0% | 0.82% | −0.01 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -5.1% | 0.06% | −0.01 |
| DOV Dover Corp. | Reduce -11.7% | 0.04% | −0.01 |
| MKTX Marketaxess Holdings Inc. | Reduce -3.3% | 0.03% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| JNJ Johnson & Johnson | Add +5.6% | 2.46% | +0.50 |
| TSM Taiwan Semiconductor-SP ADR | Add +48.0% | 1.14% | +0.50 |
| TEL Te Connectivity PLC | Add +26.6% | 0.94% | +0.36 |
| GD General Dynamics Corp. | Add +70.5% | 0.72% | +0.35 |
| AVB Avalonbay Communities Inc. | Add +126.5% | 0.53% | +0.28 |
| VICI Vici Properties Inc. | Add +54.7% | 0.77% | +0.26 |
| APO Apollo Global Management Inc. | Add +62.0% | 0.66% | +0.22 |
| PM Philip Morris International | Add +881.8% | 0.24% | +0.22 |
| TRGP Targa Resources Corp. | Add +26.8% | 1.03% | +0.17 |
| CSCO Cisco Systems Inc. | Add +22.5% | 1.00% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +10.6% | 0.46% | +0.15 |
| GIL Gildan Activewear Inc. | Add +30.4% | 0.42% | +0.14 |
| CVX Chevron Corp. | Add +1.0% | 1.75% | +0.12 |
| LHX L3HARRIS Technologies Inc. | Add +25.1% | 0.30% | +0.10 |
| PPL PPL Corp. | Add +6.0% | 0.80% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +0.5% | 1.17% | +0.10 |
| RACE Ferrari NV | New | 0.09% | +0.09 |
| ORCL Oracle Corp. | Add +6.5% | 0.35% | +0.09 |
| EHC Encompass Health Corp. | Add +46.4% | 0.27% | +0.09 |
| USPH U.S. Physical Therapy Inc. | Add +47.6% | 0.20% | +0.07 |
| CINF Cincinnati Financial Corp. | Add +3.2% | 0.95% | +0.07 |
| RGA Reinsurance Group of America | Add +18.6% | 0.58% | +0.07 |
| SNA Snap-on Inc. | Add +1.3% | 0.66% | +0.06 |
| PKG Packaging Corp. of America | Add +1.9% | 0.32% | +0.04 |
| LNT Alliant Energy Corp. | Add +12.3% | 0.23% | +0.04 |
| CARR Carrier Global Corp. | Add +58.0% | 0.20% | +0.04 |
| OSK Oshkosh Corp. | New | 0.04% | +0.04 |
| HUBB Hubbell Inc. | Add +1.9% | 0.57% | +0.03 |
| ATO Atmos Energy Corp. | Add +1.5% | 0.28% | +0.03 |
| VCTR Victory Capital Holding - A | Add +4.8% | 0.55% | +0.02 |
| FFBC First Financial Bancorp | Add +47.7% | 0.07% | +0.02 |
| R Ryder System Inc. | Add +2.9% | 0.14% | +0.02 |
| ALLE Allegion PLC | Add +2.7% | 0.10% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +3.8% | 0.06% | +0.02 |
| RPM RPM International Inc. | Add +0.9% | 0.24% | +0.01 |
| WMT Walmart Inc. | Add +2.0% | 0.24% | +0.01 |
| AIT Applied Industrial Tech Inc. | Add +40.1% | 0.03% | +0.01 |
| DTM DT Midstream Inc. | Add +2.5% | 0.32% | +0.01 |
| LFUS Littelfuse Inc. | Add +22.6% | 0.03% | +0.01 |
| BWXT BWX Technologies Inc. | Add +4.3% | 0.04% | +0.01 |
| ENSG The Ensign Group Inc. | Add +3.7% | 0.07% | +0.01 |
| NVDA Nvidia Corp. | Add +7.8% | 0.04% | +0.01 |
| FITB Fifth Third Bancorp | Add +18.0% | 0.04% | +0.01 |
| NPO Enpro Inc. | Add +3.4% | 0.04% | +0.01 |
| FSS Federal Signal Corp. | Add +3.6% | 0.05% | +0.01 |
| NTAP Netapp Inc. | Add +1.5% | 0.06% | +0.01 |
| IBP Installed Building Products | Add +32.6% | 0.01% | +0.01 |
| MTH Meritage Homes Corp. | Add +2.7% | 0.07% | +0.01 |
| MS Morgan Stanley | Add +103.1% | 0.01% | +0.01 |
| NYT New York Times Co. Class A | Add +21.3% | 0.03% | +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 |