Bahl & Gaynor LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Bahl & Gaynor LLC reported 327 stock positions worth $19.8 billion. Its top holding was Broadcom (AVGO) at 5.0% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Eli Lilly (LLY, 4.3%). Compared with Q3 2025, it opened 9 new positions, sold out of 9, added to 88 and reduced 167. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +57%) and the biggest sale Marsh & McLennan Cos (MRSH, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- CINCINNATI, OH
- CIK
- 0000872259
- Portfolio Value
- $19.8B (Q4 2025)
- SEC Filing
- 0000872259-26-000005 ↗ filed Feb 12, 2026
Holdings Value
Holdings 327 stocks · $19.8B
| AVGO Broadcom Inc. | 4.96% | 2,833,840 | $980.8M | Reduce -15.9% |
| MSFT Microsoft Corp. | 4.50% | 1,836,423 | $888.1M | Add +9.1% |
| LLY Eli Lilly & Co. | 4.28% | 787,380 | $846.2M | Reduce -2.1% |
| ABBV Abbvie Inc. | 3.58% | 3,092,528 | $706.6M | Reduce -2.0% |
| JPM JPMorgan Chase & Co. | 3.14% | 1,927,042 | $620.9M | Reduce -4.2% |
| PG The Procter & Gamble Co. | 2.87% | 3,959,106 | $567.4M | Reduce -3.5% |
| JNJ Johnson & Johnson | 2.87% | 2,737,948 | $566.6M | Add +2.6% |
| NEE Nextera Energy Inc. | 2.18% | 5,359,732 | $430.3M | Reduce -2.1% |
| WMB Williams Cos Inc. | 2.13% | 6,993,459 | $420.4M | Reduce -15.3% |
| HD Home Depot Inc. | 2.08% | 1,191,576 | $410.0M | Reduce -1.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.97% | 1,283,432 | $390.0M | Add +56.5% |
| TRV The Travelers Cos Inc. | 1.72% | 1,174,428 | $340.7M | Add +5.5% |
| HIG Hartford Insurance Group Inc. | 1.70% | 2,441,573 | $336.4M | Add +6.5% |
| CVX Chevron Corp. | 1.70% | 2,200,574 | $335.4M | Reduce -2.8% |
| MCD McDonald's Corp. | 1.58% | 1,019,219 | $311.5M | Reduce -2.1% |
| SRE Sempra | 1.54% | 3,454,022 | $305.0M | Reduce -1.3% |
| PNC PNC Financial Services Group | 1.49% | 1,408,668 | $294.0M | Reduce -2.3% |
| MDLZ Mondelez International Inc. Class A | 1.45% | 5,322,819 | $286.5M | Reduce -8.5% |
| TRGP Targa Resources Corp. | 1.36% | 1,458,310 | $269.1M | Add +17.4% |
| ETN Eaton Corp. PLC | 1.34% | 832,758 | $265.2M | Reduce -6.1% |
| BR Broadridge Financial Solutio | 1.28% | 1,134,232 | $253.1M | Reduce -4.3% |
| CSCO Cisco Systems Inc. | 1.26% | 3,240,551 | $249.6M | Add +9.7% |
| MRSH Marsh & McLennan Cos | 1.21% | 1,287,401 | $238.8M | Reduce -30.3% |
| LMT Lockheed Martin Corp. | 1.18% | 482,965 | $233.6M | Reduce -6.9% |
| ADP Automatic Data Processing | 1.15% | 880,627 | $226.5M | Reduce -2.7% |
| UNH Unitedhealth Group Inc. | 1.11% | 664,861 | $219.5M | Reduce -2.8% |
| ACN Accenture PLC Class A | 1.09% | 799,386 | $214.5M | Add +17.4% |
| TXN Texas Instruments Inc. | 1.01% | 1,155,221 | $200.4M | Reduce -12.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.01% | 1,304,592 | $200.4M | Reduce -0.4% |
| CINF Cincinnati Financial Corp. | 1.01% | 1,225,644 | $200.2M | Add +1.5% |
| TEL Te Connectivity PLC | 0.97% | 843,482 | $191.9M | Reduce -2.1% |
| AAPL Apple Inc. | 0.97% | 704,289 | $191.5M | Add +0.2% |
| PAYX Paychex Inc. | 0.96% | 1,693,009 | $189.9M | Reduce -3.0% |
| PEP Pepsico Inc. | 0.94% | 1,289,113 | $185.0M | Reduce -4.6% |
| GD General Dynamics Corp. | 0.88% | 515,247 | $173.5M | Add +20.8% |
| CME Cme Group Inc. | 0.87% | 628,007 | $171.5M | Add +5.2% |
| XOM Exxon Mobil Corp. | 0.86% | 1,415,113 | $170.3M | Add +4.4% |
| APO Apollo Global Management Inc. | 0.82% | 1,116,529 | $161.6M | Add +12.0% |
| MSI Motorola Solutions Inc. | 0.78% | 403,176 | $154.5M | Add +6.2% |
| ITW Illinois Tool Works | 0.77% | 620,418 | $152.8M | Reduce -2.2% |
| RTX RTX Corp. | 0.77% | 832,761 | $152.7M | Reduce -0.7% |
| SNA Snap-on Inc. | 0.75% | 429,133 | $147.9M | Add +12.6% |
| PPL PPL Corp. | 0.74% | 4,198,702 | $147.0M | Reduce -3.2% |
| EVR Evercore Inc. Class A | 0.73% | 421,568 | $143.4M | Reduce -5.1% |
| CTAS Cintas Corp. | 0.72% | 751,773 | $141.4M | Reduce -1.6% |
| USB US Bancorp | 0.68% | 2,528,997 | $134.9M | Reduce -1.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.68% | 4,758,185 | $133.8M | Add +0.7% |
| VCTR Victory Capital Holding - A | 0.66% | 2,069,325 | $130.6M | Add +20.0% |
| KO The Coca-Cola Co. | 0.63% | 1,772,735 | $123.9M | Add +0.7% |
| RGA Reinsurance Group of America | 0.62% | 603,519 | $122.8M | Reduce -0.2% |
| KMI Kinder Morgan Inc. | 0.62% | 4,458,877 | $122.6M | Reduce -1.8% |
| HUBB Hubbell Inc. | 0.60% | 266,731 | $118.5M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 0.59% | 374,374 | $117.2M | Reduce -1.7% |
| ABT Abbott Laboratories | 0.57% | 892,930 | $111.9M | Reduce -0.5% |
| WEC WEC Energy Group Inc. | 0.56% | 1,053,958 | $111.2M | Add +20.0% |
| APD Air Products & Chemicals Inc. | 0.56% | 444,105 | $109.7M | Reduce -39.1% |
| WM Waste Management Inc. | 0.52% | 463,187 | $101.8M | Reduce -0.5% |
| GLW Corning Inc. | 0.49% | 1,102,289 | $96.5M | Reduce -46.5% |
| GIL Gildan Activewear Inc. | 0.47% | 1,501,100 | $93.8M | Add +3.0% |
| AVB Avalonbay Communities Inc. | 0.47% | 507,362 | $92.0M | Reduce -8.7% |
| META Meta Platforms Inc. Class A | 0.45% | 135,122 | $89.2M | Add +11.0% |
| WSO Watsco Inc. | 0.44% | 260,786 | $87.9M | Add +1.0% |
| CBOE Cboe Global Markets Inc. | 0.44% | 342,860 | $86.1M | Add +42.9% |
| MRK Merck & Co. Inc. | 0.41% | 764,839 | $80.5M | Reduce -25.7% |
| FAST Fastenal Co. | 0.38% | 1,869,719 | $75.0M | Reduce -2.1% |
| PSX Phillips 66 | 0.37% | 572,343 | $73.9M | Reduce -2.3% |
| ADI Analog Devices Inc. | 0.36% | 265,413 | $72.0M | Reduce -8.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 1,238,070 | $68.1M | Add +0.2% |
| DTM DT Midstream Inc. | 0.34% | 562,615 | $67.3M | Reduce -1.0% |
| PLD Prologis Inc. | 0.34% | 522,812 | $66.7M | Reduce -1.0% |
| O Realty Income Corp. | 0.33% | 1,151,792 | $64.9M | Reduce -2.8% |
| WDC Western Digital Corp. | 0.33% | 374,975 | $64.6M | Reduce -19.0% |
| AMGN Amgen Inc. | 0.33% | 197,029 | $64.5M | Reduce -0.7% |
| KLAC KLA Corp. | 0.32% | 52,571 | $63.9M | Reduce -0.3% |
| AFG American Financial Group Inc. | 0.32% | 465,295 | $63.6M | Reduce -2.9% |
| CMS CMS Energy Corp. | 0.32% | 904,315 | $63.2M | Add +25.6% |
| SYK Stryker Corp. | 0.32% | 178,335 | $62.7M | Reduce -36.1% |
| LHX L3HARRIS Technologies Inc. | 0.30% | 204,056 | $59.9M | Add +1.9% |
| PKG Packaging Corp. of America | 0.30% | 288,837 | $59.6M | Reduce -1.6% |
| DRI Darden Restaurants Inc. | 0.30% | 323,299 | $59.5M | New |
| AVY Avery Dennison Corp. | 0.29% | 315,260 | $57.3M | Reduce -13.8% |
| NI Nisource Inc. | 0.28% | 1,347,962 | $56.3M | Reduce -1.3% |
| NOC Northrop Grumman Corp. | 0.28% | 96,769 | $55.2M | Reduce -0.4% |
| OKE Oneok Inc. | 0.28% | 745,494 | $54.8M | Reduce -8.8% |
| ATO Atmos Energy Corp. | 0.27% | 323,292 | $54.2M | Reduce -1.4% |
| WMT Walmart Inc. | 0.27% | 481,228 | $53.6M | Add +2.4% |
| RPM RPM International Inc. | 0.27% | 505,101 | $52.5M | Add +21.7% |
| LIN Linde PLC | 0.27% | 122,997 | $52.4M | Add +1274.7% |
| UNP Union Pacific Corp. | 0.26% | 225,140 | $52.1M | Reduce -7.5% |
| USPH U.S. Physical Therapy Inc. | 0.26% | 660,864 | $51.6M | Add +39.2% |
| PH Parker Hannifin Corp. | 0.26% | 57,985 | $51.0M | Add +25.9% |
| TXRH Texas Roadhouse Inc. | 0.24% | 282,154 | $46.8M | Add +18.8% |
| EHC Encompass Health Corp. | 0.23% | 436,977 | $46.4M | Add +3.6% |
| PM Philip Morris International | 0.23% | 287,663 | $46.1M | Reduce -5.2% |
| KKR KKR & Co. Inc. | 0.23% | 351,042 | $44.8M | Reduce -1.0% |
| APH Amphenol Corp. Class A | 0.22% | 319,350 | $43.2M | New |
| ADC Agree Realty Corp. | 0.22% | 598,399 | $43.1M | Reduce -1.0% |
| CSL Carlisle Cos Inc. | 0.22% | 134,709 | $43.1M | Reduce -24.9% |
| LNT Alliant Energy Corp. | 0.22% | 662,120 | $43.0M | Reduce -2.0% |
| DOX Amdocs Ltd. | 0.22% | 533,613 | $43.0M | Reduce -3.3% |
Portfolio Sells Q3 2025 → Q4 2025
| MRSH Marsh & McLennan Cos | Reduce -30.3% | 1.21% | −0.64 |
| AVGO Broadcom Inc. | Reduce -15.9% | 4.96% | −0.56 |
| WMB Williams Cos Inc. | Reduce -15.3% | 2.13% | −0.47 |
| APD Air Products & Chemicals Inc. | Reduce -39.1% | 0.56% | −0.43 |
| KDP Keurig Dr Pepper Inc. | Reduce -84.6% | 0.08% | −0.39 |
| HD Home Depot Inc. | Reduce -1.9% | 2.08% | −0.37 |
| MDLZ Mondelez International Inc. Class A | Reduce -8.5% | 1.45% | −0.35 |
| GLW Corning Inc. | Reduce -46.5% | 0.49% | −0.35 |
| ETN Eaton Corp. PLC | Reduce -6.1% | 1.34% | −0.31 |
| BAH Booz Allen Hamilton Holdings | Reduce -94.3% | 0.01% | −0.28 |
| PG The Procter & Gamble Co. | Reduce -3.5% | 2.87% | −0.26 |
| SYK Stryker Corp. | Reduce -36.1% | 0.32% | −0.19 |
| TXN Texas Instruments Inc. | Reduce -12.3% | 1.01% | −0.19 |
| ADP Automatic Data Processing | Reduce -2.7% | 1.15% | −0.17 |
| ORCL Oracle Corp. | Reduce -22.0% | 0.19% | −0.16 |
| PAYX Paychex Inc. | Reduce -3.0% | 0.96% | −0.14 |
| BR Broadridge Financial Solutio | Reduce -4.3% | 1.28% | −0.12 |
| LMT Lockheed Martin Corp. | Reduce -6.9% | 1.18% | −0.10 |
| PRGO Perrigo Co. PLC | Reduce -8.9% | 0.13% | −0.10 |
| FAST Fastenal Co. | Reduce -2.1% | 0.38% | −0.09 |
| CDW CDW Corp. | Reduce -41.2% | 0.08% | −0.08 |
| DHI D.R. Horton Inc. | Reduce -74.2% | 0.02% | −0.08 |
| BLK BlackRock Inc. | Reduce -21.5% | 0.21% | −0.08 |
| CSL Carlisle Cos Inc. | Reduce -24.9% | 0.22% | −0.07 |
| AVB Avalonbay Communities Inc. | Reduce -8.7% | 0.47% | −0.07 |
| CTAS Cintas Corp. | Reduce -1.6% | 0.72% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -2.8% | 1.11% | −0.06 |
| AVNT Avient Corp. | Reduce -95.9% | 0.00% | −0.06 |
| PPL PPL Corp. | Reduce -3.2% | 0.74% | −0.06 |
| ABBV Abbvie Inc. | Reduce -2.0% | 3.58% | −0.05 |
| ITW Illinois Tool Works | Reduce -2.2% | 0.77% | −0.05 |
| CVX Chevron Corp. | Reduce -2.8% | 1.70% | −0.05 |
| ENB Enbridge Inc. | Reduce -35.4% | 0.07% | −0.04 |
| DGX Quest Diagnostics Inc. | Reduce -13.6% | 0.16% | −0.04 |
| MTH Meritage Homes Corp. | Reduce -45.3% | 0.03% | −0.03 |
| DELL Dell Technologies -C | Reduce -5.2% | 0.19% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.5% | 0.57% | −0.03 |
| AVT Avnet Inc. | Reduce -16.8% | 0.10% | −0.03 |
| IPAR Interparfums Inc. | Reduce -2.8% | 0.17% | −0.03 |
| O Realty Income Corp. | Reduce -2.8% | 0.33% | −0.03 |
| FISV Fiserv Inc. | Reduce -33.1% | 0.01% | −0.03 |
| AFG American Financial Group Inc. | Reduce -2.9% | 0.32% | −0.02 |
| UNP Union Pacific Corp. | Reduce -7.5% | 0.26% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -25.7% | 0.41% | −0.02 |
| PSX Phillips 66 | Reduce -2.3% | 0.37% | −0.02 |
| SRE Sempra | Reduce -1.3% | 1.54% | −0.02 |
| OKE Oneok Inc. | Reduce -8.8% | 0.28% | −0.02 |
| KMI Kinder Morgan Inc. | Reduce -1.8% | 0.62% | −0.02 |
| EVR Evercore Inc. Class A | Reduce -5.1% | 0.73% | −0.02 |
| PKG Packaging Corp. of America | Reduce -1.6% | 0.30% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| TSM Taiwan Semiconductor-SP ADR | Add +56.5% | 1.97% | +0.84 |
| JNJ Johnson & Johnson | Add +2.6% | 2.87% | +0.41 |
| TRGP Targa Resources Corp. | Add +17.4% | 1.36% | +0.33 |
| DRI Darden Restaurants Inc. | New | 0.30% | +0.30 |
| CSCO Cisco Systems Inc. | Add +9.7% | 1.26% | +0.26 |
| ACN Accenture PLC Class A | Add +17.4% | 1.09% | +0.25 |
| LIN Linde PLC | Add +1274.7% | 0.27% | +0.24 |
| APH Amphenol Corp. Class A | New | 0.22% | +0.22 |
| HIG Hartford Insurance Group Inc. | Add +6.5% | 1.70% | +0.18 |
| TRV The Travelers Cos Inc. | Add +5.5% | 1.72% | +0.18 |
| MSFT Microsoft Corp. | Add +9.1% | 4.50% | +0.17 |
| APO Apollo Global Management Inc. | Add +12.0% | 0.82% | +0.16 |
| GD General Dynamics Corp. | Add +20.8% | 0.88% | +0.16 |
| GRMN Garmin Ltd. | New | 0.15% | +0.15 |
| CBOE Cboe Global Markets Inc. | Add +42.9% | 0.44% | +0.14 |
| VCTR Victory Capital Holding - A | Add +20.0% | 0.66% | +0.11 |
| XOM Exxon Mobil Corp. | Add +4.4% | 0.86% | +0.10 |
| SNA Snap-on Inc. | Add +12.6% | 0.75% | +0.09 |
| PH Parker Hannifin Corp. | Add +25.9% | 0.26% | +0.08 |
| AAPL Apple Inc. | Add +0.2% | 0.97% | +0.08 |
| CME Cme Group Inc. | Add +5.2% | 0.87% | +0.07 |
| CINF Cincinnati Financial Corp. | Add +1.5% | 1.01% | +0.07 |
| WEC WEC Energy Group Inc. | Add +20.0% | 0.56% | +0.06 |
| USPH U.S. Physical Therapy Inc. | Add +39.2% | 0.26% | +0.06 |
| CMS CMS Energy Corp. | Add +25.6% | 0.32% | +0.06 |
| GIL Gildan Activewear Inc. | Add +3.0% | 0.47% | +0.06 |
| KO The Coca-Cola Co. | Add +0.7% | 0.63% | +0.05 |
| TXRH Texas Roadhouse Inc. | Add +18.8% | 0.24% | +0.04 |
| R Ryder System Inc. | Add +22.9% | 0.18% | +0.04 |
| FFBC First Financial Bancorp | Add +49.8% | 0.11% | +0.04 |
| AHR American Healthcare REIT Inc. | New | 0.03% | +0.03 |
| WMT Walmart Inc. | Add +2.4% | 0.27% | +0.03 |
| BAC Bank of America Corp. | Add +0.2% | 0.34% | +0.03 |
| ELS Equity Lifestyle Properties | Add +14.6% | 0.18% | +0.03 |
| RPM RPM International Inc. | Add +21.7% | 0.27% | +0.02 |
| DOV Dover Corp. | Add +28.0% | 0.07% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +1.2% | 0.08% | +0.02 |
| BCPC Balchem Corp. | Add +36.9% | 0.05% | +0.01 |
| OSK Oshkosh Corp. | Add +27.7% | 0.05% | +0.01 |
| AWI Armstrong World Industries | New | 0.01% | +0.01 |
| CARR Carrier Global Corp. | Add +15.9% | 0.21% | +0.01 |
| PAGP Plains GP Holdings LP | Add +1.5% | 0.11% | +0.01 |
| META Meta Platforms Inc. Class A | Add +11.0% | 0.45% | +0.01 |
| NYT New York Times Co. Class A | Add +2.4% | 0.04% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +2.4% | 0.09% | +0.01 |
| RACE Ferrari NV | Add +37.6% | 0.10% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +7.3% | 0.05% | +0.01 |
| AMZN Amazon.com Inc. | Add +7.9% | 0.04% | +0.00 |
| BSM Black Stone Minerals LP | Add +113.8% | 0.01% | +0.00 |
| MS Morgan Stanley | Add +22.7% | 0.01% | +0.00 |
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 |