Becker Capital Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Becker Capital Management Inc. reported 278 stock positions worth $3.2 billion. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by Apple (AAPL, 4.0%) and JPMorgan Chase (JPM, 3.4%). Compared with Q1 2025, it opened 13 new positions, sold out of 9, added to 65 and reduced 141. The biggest buy was Nvidia (NVDA, shares +105%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Portland, OR
- CIK
- 0000799004
- Portfolio Value
- $3.2B (Q2 2025)
- SEC Filing
- 0001941040-25-000484 ↗ filed Aug 14, 2025
Holdings Value
Holdings 278 stocks · $3.2B
| MSFT Microsoft Corp. | 5.60% | 361,555 | $179.8M | Reduce -0.3% |
| AAPL Apple Inc. | 4.02% | 628,239 | $128.9M | Reduce -3.7% |
| JPM JPMorgan Chase & Co. | 3.39% | 374,702 | $108.6M | Reduce -0.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.27% | 239,068 | $104.9M | Add +6.5% |
| EMBJ Embraer SA-Spon ADR | 2.65% | 1,496,693 | $85.2M | Reduce -2.9% |
| VTI VG Morningstar TS MKT ETF-US | 2.52% | 265,307 | $80.9M | Reduce -2.7% |
| SCHW Schwab (charles) Corp. | 2.15% | 755,839 | $69.0M | Reduce -0.1% |
| EFA iShares MSCI Eafe ETF | 2.11% | 757,211 | $67.7M | Add +5.2% |
| WMT Walmart Inc. | 2.03% | 667,285 | $65.2M | Reduce -0.8% |
| GS Goldman Sachs Group Inc. | 1.93% | 87,360 | $61.8M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 1.86% | 272,084 | $59.7M | Add +9.3% |
| MCK McKesson Corp. | 1.85% | 80,958 | $59.4M | Reduce -3.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.79% | 92,609 | $57.4M | Reduce -0.7% |
| RTX RTX Corp. | 1.69% | 371,017 | $54.2M | Reduce -2.4% |
| BLK BlackRock Inc. | 1.65% | 50,449 | $52.9M | Reduce -0.0% |
| NVDA Nvidia Corp. | 1.61% | 326,766 | $51.6M | Add +105.0% |
| SAP Sap SE-Sponsored ADR | 1.61% | 169,738 | $51.6M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 1.53% | 706,534 | $49.0M | Reduce -0.9% |
| IJR iShares Core S&P Small-Cap E | 1.41% | 414,585 | $45.3M | Reduce -27.1% |
| QCOM Qualcomm Inc. | 1.39% | 279,048 | $44.4M | Add +1.1% |
| JNJ Johnson & Johnson | 1.24% | 260,197 | $39.7M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 1.24% | 224,868 | $39.6M | Reduce -2.9% |
| ALL Allstate Corp. | 1.22% | 193,366 | $39.1M | Reduce -0.6% |
| CVX Chevron Corp. | 1.11% | 248,707 | $35.6M | Add +3.7% |
| CRM Salesforce Inc. | 1.10% | 129,397 | $35.3M | Reduce -1.1% |
| SYY Sysco Corp. | 1.09% | 462,590 | $35.0M | Reduce -2.4% |
| NEM Newmont Corp. | 1.05% | 579,424 | $33.8M | Reduce -14.5% |
| HD Home Depot Inc. | 1.05% | 91,667 | $33.6M | Reduce -0.2% |
| APD Air Products & Chemicals Inc. | 1.02% | 116,321 | $32.8M | Add +1.0% |
| PG The Procter & Gamble Co. | 1.02% | 204,835 | $32.6M | Add +0.9% |
| FE Firstenergy Corp. | 1.01% | 806,771 | $32.5M | Add +1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.98% | 64,714 | $31.4M | Add +0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.94% | 242,975 | $30.1M | Add +0.5% |
| FLEX Flex Ltd. | 0.94% | 601,828 | $30.0M | Reduce -4.2% |
| KMI Kinder Morgan Inc. | 0.92% | 1,005,961 | $29.6M | Reduce -1.3% |
| AZO AutoZone Inc. | 0.92% | 7,953 | $29.5M | Reduce -0.1% |
| CARR Carrier Global Corp. | 0.92% | 403,170 | $29.5M | Add +2.0% |
| VNQ Vanguard Real Estate ETF | 0.87% | 315,178 | $28.1M | Add +0.6% |
| SNY Sanofi-ADR | 0.86% | 568,400 | $27.5M | Add +2.0% |
| COST Costco Wholesale Corp. | 0.82% | 26,510 | $26.2M | Reduce -0.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.81% | 373,347 | $26.1M | Reduce -2.0% |
| USB US Bancorp | 0.78% | 545,790 | $25.0M | Reduce -1.8% |
| AMGN Amgen Inc. | 0.78% | 89,218 | $24.9M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 0.77% | 33,395 | $24.6M | Add +37.3% |
| VZ Verizon Communications Inc. | 0.77% | 569,144 | $24.6M | Reduce -32.5% |
| CB Chubb Ltd. | 0.76% | 83,927 | $24.4M | Add +2.5% |
| IEMG iShares Core MSCI Emerging | 0.76% | 406,219 | $24.4M | Reduce -4.5% |
| PYPL PayPal Holdings Inc. | 0.76% | 327,364 | $24.3M | Add +0.2% |
| GD General Dynamics Corp. | 0.76% | 83,379 | $24.3M | Reduce -0.0% |
| MRK Merck & Co. Inc. | 0.76% | 303,925 | $24.3M | Reduce -1.4% |
| BKR Baker Hughes Co. | 0.73% | 606,814 | $23.3M | Add +0.1% |
| V Visa Inc. Class A | 0.70% | 63,499 | $22.5M | Add +0.4% |
| ETN Eaton Corp. PLC | 0.70% | 62,594 | $22.3M | Add +10.7% |
| PHG Koninklijke Philips NVR- NY | 0.68% | 911,455 | $21.9M | Reduce -0.2% |
| SO The Southern Co. | 0.67% | 234,052 | $21.5M | Add +5.3% |
| NKE Nike Inc. Class B | 0.61% | 276,109 | $19.7M | Reduce -35.8% |
| INTC Intel Corp. | 0.61% | 870,578 | $19.5M | Add +0.2% |
| HON Honeywell International Inc. | 0.61% | 83,460 | $19.4M | Add +5.9% |
| MEOH Methanex Corp. | 0.58% | 563,609 | $18.7M | Add +3.1% |
| KR Kroger Co. | 0.57% | 256,290 | $18.4M | Reduce -1.7% |
| CIEN Ciena Corp. | 0.57% | 222,978 | $18.1M | Reduce -7.8% |
| DEO Diageo PLC-Sponsored ADR | 0.56% | 176,816 | $17.8M | Reduce -1.7% |
| TEL Te Connectivity PLC | 0.55% | 105,021 | $17.7M | Reduce -4.8% |
| LLY Eli Lilly & Co. | 0.49% | 20,324 | $15.8M | Add +372.4% |
| TKR Timken Co. | 0.48% | 213,805 | $15.5M | Reduce -4.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.48% | 185,444 | $15.5M | Add +5.4% |
| IVV iShares Core S&P 500 ETF | 0.48% | 24,803 | $15.4M | Reduce -0.5% |
| BAX Baxter International Inc. | 0.48% | 500,823 | $15.3M | Reduce -2.2% |
| SHEL Shell PLC-ADR | 0.47% | 214,758 | $15.1M | Reduce -0.7% |
| BX Blackstone Inc. | 0.43% | 91,881 | $13.7M | Reduce -0.5% |
| O Realty Income Corp. | 0.41% | 231,068 | $13.3M | Reduce -2.2% |
| MOH Molina Healthcare Inc. | 0.40% | 43,496 | $13.0M | Add +1.1% |
| ACN Accenture PLC Class A | 0.40% | 42,811 | $12.8M | Reduce -3.2% |
| DGX Quest Diagnostics Inc. | 0.37% | 65,252 | $11.7M | Reduce -1.4% |
| EMR Emerson Electric Co. | 0.36% | 86,437 | $11.5M | Reduce -16.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 235,317 | $11.1M | Reduce -1.9% |
| XVV iShares ESG Select Screened | 0.34% | 226,954 | $10.8M | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 0.33% | 98,632 | $10.6M | Add +0.8% |
| ECL Ecolab Inc. | 0.31% | 37,316 | $10.1M | Reduce -8.9% |
| GO Grocery Outlet Holding Corp. | 0.30% | 776,285 | $9.6M | Reduce -56.7% |
| PFE Pfizer Inc. | 0.29% | 379,966 | $9.2M | Reduce -58.4% |
| AVGO Broadcom Inc. | 0.28% | 32,667 | $9.0M | Reduce -0.8% |
| VEA Vanguard Ftse Developed ETF | 0.26% | 147,208 | $8.4M | Reduce -5.4% |
| BDX Becton Dickinson and Co. | 0.26% | 48,269 | $8.3M | Add +0.1% |
| BEPC Brookfield Renewable Corp. | 0.25% | 248,190 | $8.1M | Add +0.6% |
| MS Morgan Stanley | 0.25% | 56,748 | $8.0M | Reduce -2.3% |
| IWM iShares Russell 2000 ETF | 0.23% | 34,840 | $7.5M | Reduce -1.1% |
| MCHP Microchip Technology Inc. | 0.21% | 98,024 | $6.9M | New |
| VOO Vanguard S&P 500 ETF | 0.21% | 12,047 | $6.9M | Add +12.4% |
| GLD SPDR Gold Shares | 0.21% | 22,442 | $6.8M | Add +0.5% |
| SBUX Starbucks Corp. | 0.21% | 72,289 | $6.6M | Reduce -9.7% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.19% | 48,804 | $6.0M | No change |
| ADBE Adobe Inc. | 0.18% | 15,258 | $5.9M | Reduce -5.8% |
| VGK Vanguard Ftse Europe ETF | 0.18% | 73,425 | $5.7M | Reduce -2.0% |
| TFX Teleflex Inc. | 0.18% | 47,953 | $5.7M | Reduce -45.5% |
| WM Waste Management Inc. | 0.17% | 24,285 | $5.6M | Add +10.7% |
| UNP Union Pacific Corp. | 0.16% | 22,957 | $5.3M | Reduce -1.4% |
| BLKB Blackbaud Inc. | 0.16% | 80,800 | $5.2M | Reduce -13.1% |
| UL Unilever PLC | 0.15% | 79,380 | $4.9M | Reduce -5.8% |
| LW Lamb Weston Holdings Inc. | 0.15% | 91,375 | $4.7M | Reduce -11.9% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -3.7% | 4.02% | −0.76 |
| IJR iShares Core S&P Small-Cap E | Reduce -27.1% | 1.41% | −0.55 |
| GO Grocery Outlet Holding Corp. | Reduce -56.7% | 0.30% | −0.53 |
| VZ Verizon Communications Inc. | Reduce -32.5% | 0.77% | −0.49 |
| PFE Pfizer Inc. | Reduce -58.4% | 0.29% | −0.48 |
| NKE Nike Inc. Class B | Reduce -35.8% | 0.61% | −0.29 |
| TFX Teleflex Inc. | Reduce -45.5% | 0.18% | −0.22 |
| MRK Merck & Co. Inc. | Reduce -1.4% | 0.76% | −0.16 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.78% | −0.14 |
| ALL Allstate Corp. | Reduce -0.6% | 1.22% | −0.11 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -2.0% | 0.81% | −0.11 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -80.8% | 0.02% | −0.11 |
| MUB iShares National Muni Bond E | Reduce -87.0% | 0.01% | −0.11 |
| BAX Baxter International Inc. | Reduce -2.2% | 0.48% | −0.11 |
| PHG Koninklijke Philips NVR- NY | Reduce -0.2% | 0.68% | −0.08 |
| SYY Sysco Corp. | Reduce -2.4% | 1.09% | −0.08 |
| AZO AutoZone Inc. | Reduce -0.1% | 0.92% | −0.08 |
| WBD Warner Bros Discovery Inc. | Reduce -45.5% | 0.09% | −0.08 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.7% | 0.56% | −0.07 |
| SUB iShares Short-Term National | Reduce -63.8% | 0.04% | −0.07 |
| HD Home Depot Inc. | Reduce -0.2% | 1.05% | −0.06 |
| CRM Salesforce Inc. | Reduce -1.1% | 1.10% | −0.06 |
| ACN Accenture PLC Class A | Reduce -3.2% | 0.40% | −0.06 |
| SBUX Starbucks Corp. | Reduce -9.7% | 0.21% | −0.05 |
| SHEL Shell PLC-ADR | Reduce -0.7% | 0.47% | −0.05 |
| TKR Timken Co. | Reduce -4.8% | 0.48% | −0.05 |
| WY Weyerhaeuser Co. | Reduce -11.6% | 0.11% | −0.04 |
| O Realty Income Corp. | Reduce -2.2% | 0.41% | −0.04 |
| KMI Kinder Morgan Inc. | Reduce -1.3% | 0.92% | −0.04 |
| LW Lamb Weston Holdings Inc. | Reduce -11.9% | 0.15% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.10% | −0.03 |
| ECL Ecolab Inc. | Reduce -8.9% | 0.31% | −0.03 |
| BLKB Blackbaud Inc. | Reduce -13.1% | 0.16% | −0.03 |
| NEM Newmont Corp. | Reduce -14.5% | 1.05% | −0.03 |
| HOLX Hologic Inc. | Reduce -15.8% | 0.14% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -1.0% | 0.12% | −0.02 |
| ADBE Adobe Inc. | Reduce -5.8% | 0.18% | −0.02 |
| COLM Columbia Sportswear Co. | Reduce -0.4% | 0.07% | −0.02 |
| IWD iShares Russell 1000 Value E | Reduce -14.0% | 0.09% | −0.02 |
| MDT Medtronic PLC | Reduce -5.1% | 0.11% | −0.02 |
| ABBV Abbvie Inc. | Reduce -0.4% | 0.08% | −0.02 |
| UNP Union Pacific Corp. | Reduce -1.4% | 0.16% | −0.02 |
| EMR Emerson Electric Co. | Reduce -16.4% | 0.36% | −0.01 |
| UL Unilever PLC | Reduce -5.8% | 0.15% | −0.01 |
| MCK McKesson Corp. | Reduce -3.6% | 1.85% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.82% | −0.01 |
| HPQ HP Inc. | Reduce -9.8% | 0.04% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -5.0% | 0.11% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -28.5% | 0.02% | −0.01 |
| WAFD Wafd Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +105.0% | 1.61% | +1.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +6.5% | 3.27% | +0.53 |
| LLY Eli Lilly & Co. | Add +372.4% | 0.49% | +0.38 |
| META Meta Platforms Inc. Class A | Add +37.3% | 0.77% | +0.31 |
| AMZN Amazon.com Inc. | Add +9.3% | 1.86% | +0.30 |
| MCHP Microchip Technology Inc. | New | 0.21% | +0.21 |
| ETN Eaton Corp. PLC | Add +10.7% | 0.70% | +0.19 |
| EFA iShares MSCI Eafe ETF | Add +5.2% | 2.11% | +0.17 |
| DIS The Walt Disney Co. | Add +0.5% | 0.94% | +0.15 |
| CARR Carrier Global Corp. | Add +2.0% | 0.92% | +0.09 |
| PYPL PayPal Holdings Inc. | Add +0.2% | 0.76% | +0.06 |
| HON Honeywell International Inc. | Add +5.9% | 0.61% | +0.06 |
| BRKR Bruker Corp. | New | 0.05% | +0.05 |
| IEFA iShares Core MSCI Eafe ETF | Add +5.4% | 0.48% | +0.04 |
| LINE Lineage Inc. | New | 0.04% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +12.4% | 0.21% | +0.03 |
| BEPC Brookfield Renewable Corp. | Add +0.6% | 0.25% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 0.13% | +0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.01% | +0.01 |
| GE General Electric | Add +16.2% | 0.03% | +0.01 |
| ABNB Airbnb Inc. Class A | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +1.4% | 0.08% | +0.01 |
| VLUE iShares MSCI USA Value Facto | New | 0.01% | +0.01 |
| TSLA Tesla Inc. | Add +8.3% | 0.04% | +0.01 |
| IVLU iShares MSCI International V | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | Add +17.6% | 0.02% | +0.01 |
| COF Capital One Financial Corp. | New | 0.01% | +0.01 |
| STT State Street Corp. | New | 0.01% | +0.01 |
| ADSK Autodesk Inc. | New | 0.01% | +0.01 |
| ALK Alaska Air Group Inc. | Add +33.4% | 0.03% | +0.01 |
| SCHB Schwab US Broad Market ETF | New | 0.01% | +0.01 |
| SCHA Schwab US Small-Cap ETF | New | 0.01% | +0.01 |
| MNST Monster Beverage Corp. | New | 0.01% | +0.01 |
| WFC Wells Fargo & Co. | Add +14.9% | 0.04% | +0.01 |
| WM Waste Management Inc. | Add +10.7% | 0.17% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +73.0% | 0.01% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +33.4% | 0.02% | +0.01 |
| MCD McDonald's Corp. | Add +25.4% | 0.05% | +0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +0.0% | 0.14% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +5.0% | 0.08% | +0.00 |
| GIS General Mills Inc. | Add +62.6% | 0.01% | +0.00 |
| VONE Vanguard Russell 1000 | Add +1.2% | 0.03% | +0.00 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +5.2% | 0.12% | +0.00 |
| GLD SPDR Gold Shares | Add +0.5% | 0.21% | +0.00 |
| TSN Tyson Foods Inc. Class A | Add +23.4% | 0.03% | +0.00 |
| PPG PPG Industries Inc. | Add +3.5% | 0.04% | +0.00 |
| IEI iShares 3-7 Year Treasury Bo | Add +5.4% | 0.11% | +0.00 |
| SYK Stryker Corp. | Add +0.7% | 0.06% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +0.4% | 0.02% | 0.00 |
| IWS iShares Russell Mid-Cap Valu | Add +0.0% | 0.01% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 303 | $3.7B | AAPL, VUG, MSFT, JPM, EFA |
| Q1 2026 | 298 | $3.4B | AAPL, MSFT, VUG, JPM, VTI |
| Q4 2025 | 301 | $3.5B | MSFT, AAPL, VUG, JPM, VTI |
| Q3 2025 | 293 | $3.4B | MSFT, AAPL, VUG, JPM, VTI |
| Q2 2025 | 278 | $3.2B | MSFT, AAPL, JPM, VUG, EMBJ |
| Q1 2025 | 274 | $3.0B | AAPL, MSFT, JPM, VUG, VTI |
| Q4 2024 | 272 | $3.1B | AAPL, MSFT, JPM, VUG, VTI |
| Q3 2024 | 275 | $3.1B | MSFT, AAPL, JPM, VTI, VUG |
| Q2 2024 | 266 | $2.9B | MSFT, AAPL, JPM, VUG, VTI |
| Q1 2024 | 263 | $2.9B | MSFT, AAPL, JPM, VTI, VUG |