Edgemoor Investment Advisors, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Edgemoor Investment Advisors, Inc. reported 158 stock positions worth $1.1 billion. Its top holding was Berkshire Hathaway Class B (BRK.B) at 7.8% of the portfolio, followed by Microsoft (MSFT, 7.5%) and Apple (AAPL, 7.4%). Compared with Q4 2024, it opened 3 new positions, sold out of 10, added to 50 and reduced 61. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +0%) and the biggest sale Broadcom (AVGO, shares −1%).

Most Recent 13F
Q2 2026
Location
BETHESDA, MD
CIK
0001313792
Portfolio Value
$1.1B (Q1 2025)
SEC Filing
0001398344-25-008646 ↗ filed May 5, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.1B $1.1B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 158 stocks · $1.1B
BRK.B Berkshire Hathaway Inc. Class B 7.82% 158,475 $84.4M Add +0.3%
MSFT Microsoft Corp. 7.50% 215,642 $81.0M Reduce -0.1%
AAPL Apple Inc. 7.42% 360,663 $80.1M Reduce -0.2%
LOW Lowe's Cos Inc. 4.36% 201,762 $47.1M Add +0.4%
URI United Rentals Inc. 4.28% 73,673 $46.2M Reduce -0.4%
GOOG Alphabet Inc. Class C 3.33% 229,818 $35.9M Reduce -1.1%
AMZN Amazon.com Inc. 3.21% 182,005 $34.6M Add +0.6%
WSM Williams-Sonoma Inc. 2.71% 185,357 $29.3M Reduce -0.7%
AVGO Broadcom Inc. 2.70% 174,207 $29.2M Reduce -0.7%
VRTX Vertex Pharmaceuticals Inc. 2.55% 56,796 $27.5M Reduce -0.5%
GOOGL Alphabet Inc. Class A 2.23% 155,854 $24.1M Reduce -0.3%
LEN Lennar Corp. Class A 2.20% 206,896 $23.7M Reduce -0.9%
AMAT Applied Materials Inc. 2.06% 153,386 $22.3M Reduce -0.3%
V Visa Inc. Class A 2.01% 61,882 $21.7M Add +2.2%
BX Blackstone Inc. 1.98% 152,673 $21.3M Add +0.1%
NVDA Nvidia Corp. 1.72% 171,271 $18.6M Add +0.8%
BLK BlackRock Inc. 1.70% 19,371 $18.3M Reduce -1.8%
ARCC Ares Capital Corp. 1.48% 722,739 $16.0M Reduce -0.7%
JCI Johnson Controls Internation 1.47% 198,587 $15.9M Add +0.5%
GD General Dynamics Corp. 1.47% 58,090 $15.8M Add +2.0%
SCHW Schwab (charles) Corp. 1.29% 178,210 $14.0M Add +1.0%
AEP American Electric Power 1.28% 126,857 $13.9M Reduce -1.6%
NVS Novartis AG-Sponsored ADR 1.16% 112,334 $12.5M Reduce -6.1%
DE Deere & Co. 1.09% 25,170 $11.8M Reduce -1.8%
ICSH iShares Ultra Short Duration 1.08% 230,343 $11.7M Add +3.3%
SHEL Shell PLC-ADR 1.07% 157,973 $11.6M Add +1.6%
SPG Simon Property Group Inc. 1.07% 69,606 $11.6M Reduce -0.2%
TSM Taiwan Semiconductor-SP ADR 1.04% 67,443 $11.2M Add +2.7%
EPD Enterprise Products Partners 0.98% 310,683 $10.6M Add +0.4%
ETR Entergy Corp. 0.98% 123,800 $10.6M Reduce -0.8%
O Realty Income Corp. 0.95% 177,505 $10.3M Add +2.7%
C Citigroup Inc. 0.95% 143,950 $10.2M Add +3.8%
VZ Verizon Communications Inc. 0.93% 222,144 $10.1M Add +1.3%
CCI Crown Castle Inc. 0.86% 89,049 $9.3M Reduce -0.7%
FISV Fiserv Inc. 0.85% 41,796 $9.2M Reduce -0.2%
TMO Thermo Fisher Scientific Inc. 0.84% 18,222 $9.1M Reduce -0.9%
PSA Public Storage 0.78% 28,074 $8.4M Add +6.3%
T AT&T Inc. 0.78% 296,665 $8.4M Add +2.2%
SO The Southern Co. 0.74% 86,424 $7.9M Reduce -0.4%
JEPI JPMorgan Equity Premium Inco 0.73% 137,611 $7.9M Add +5.8%
NEE Nextera Energy Inc. 0.70% 107,066 $7.6M Reduce -0.2%
FCT First Trust SNR FL RT Inc. II 0.60% 639,011 $6.5M Reduce -1.9%
CNP Centerpoint Energy Inc. 0.59% 176,727 $6.4M Reduce -2.0%
DLR Digital Realty Trust Inc. 0.56% 42,208 $6.0M Add +0.5%
CWEN.A Clearway Energy Inc. Class A 0.55% 208,777 $5.9M Reduce -0.3%
EVRG Evergy Inc. 0.52% 81,061 $5.6M Add +3.8%
ARE Alexandria Real Estate Equit 0.50% 58,688 $5.4M Add +1.3%
PFE Pfizer Inc. 0.50% 213,573 $5.4M Add +1040.9%
KMI Kinder Morgan Inc. 0.45% 170,336 $4.9M Reduce -1.6%
BKNG Booking Holdings Inc. 0.45% 1,047 $4.8M Add +4.6%
OKE Oneok Inc. 0.42% 46,224 $4.6M Reduce -3.6%
ATO Atmos Energy Corp. 0.41% 28,959 $4.5M Reduce -0.3%
MRK Merck & Co. Inc. 0.39% 46,665 $4.2M Reduce -4.6%
IVV iShares Core S&P 500 ETF 0.38% 7,298 $4.1M No change
ES Eversource Energy 0.36% 63,241 $3.9M Add +235.2%
STWD Starwood Property Trust Inc. 0.35% 191,645 $3.8M Add +2.8%
PBA Pembina Pipeline Corp. 0.33% 89,869 $3.6M Reduce -0.4%
KO The Coca-Cola Co. 0.31% 45,998 $3.3M No change
BTZ BlackRock Credit Allocation 0.27% 268,495 $2.9M Reduce -1.7%
VRT Vertiv Holdings Co. Class A 0.26% 39,212 $2.8M Add +15.9%
XEL Xcel Energy Inc. 0.24% 36,508 $2.6M Reduce -1.1%
WELL Welltower Inc. 0.23% 16,375 $2.5M Reduce -0.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.22% 58,027 $2.4M Add +13.0%
BRK.A Berkshire Hathaway Inc. Class A 0.22% 3 $2.4M No change
NZF Nuveen Municipal Credit Inc. 0.22% 190,302 $2.3M Add +24.2%
AGG iShares Core U.S. Aggregate 0.21% 23,062 $2.3M Add +2.1%
EMO Clearbridge Energy Midstream 0.21% 45,932 $2.3M Add +6.0%
XFRAX BlackRock Fltng RT Inc. Strat 0.21% 172,155 $2.2M Add +18.1%
KYN Kayne Anderson Energy Infra 0.18% 151,209 $1.9M Add +3.9%
ACN Accenture PLC Class A 0.18% 6,190 $1.9M Add +8.7%
CI The Cigna Group 0.17% 5,683 $1.9M No change
JNJ Johnson & Johnson 0.17% 10,983 $1.8M Reduce -1.3%
JPM JPMorgan Chase & Co. 0.16% 7,025 $1.7M Reduce -2.1%
MRSH Marsh & McLennan Cos 0.15% 6,449 $1.6M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.15% 18,718 $1.6M No change
SHV iShares 0-1 Year Treasury Bo 0.14% 13,610 $1.5M Reduce -4.8%
DHR Danaher Corp. 0.14% 7,246 $1.5M Reduce -0.3%
BEP Brookfield Renewable Partner 0.14% 66,061 $1.5M Add +2.0%
IWF iShares Russell 1000 Growth 0.13% 3,762 $1.4M Reduce -7.6%
XOM Exxon Mobil Corp. 0.12% 11,178 $1.3M Reduce -1.3%
BCE Bce Inc. 0.12% 55,542 $1.3M Reduce -43.9%
BEPC Brookfield Renewable Corp. 0.12% 45,205 $1.3M Add +3.0%
ORCL Oracle Corp. 0.12% 8,931 $1.2M Add +0.5%
WY Weyerhaeuser Co. 0.11% 40,518 $1.2M Reduce -2.8%
WMT Walmart Inc. 0.10% 12,593 $1.1M Add +0.2%
NVO Novo-Nordisk A/S-Spons ADR 0.10% 15,726 $1.1M Add +3.6%
ED Consolidated Edison Inc. 0.10% 9,781 $1.1M No change
VOO Vanguard S&P 500 ETF 0.10% 2,078 $1.1M Reduce -3.0%
IJH iShares Core S&P Midcap ETF 0.10% 18,238 $1.1M Reduce -5.8%
GBDC Golub Capital BDC Inc. 0.10% 70,215 $1.1M Reduce -1.8%
UBER Uber Technologies Inc. 0.10% 14,365 $1.0M New
MUB iShares National Muni Bond E 0.10% 9,863 $1.0M Add +23.9%
ADBE Adobe Inc. 0.09% 2,516 $965K Reduce -3.5%
CVX Chevron Corp. 0.09% 5,693 $952K No change
LLY Eli Lilly & Co. 0.09% 1,147 $948K Reduce -6.2%
HD Home Depot Inc. 0.09% 2,512 $921K Add +15.9%
IJR iShares Core S&P Small-Cap E 0.08% 8,174 $855K Reduce -25.3%
ADP Automatic Data Processing 0.08% 2,700 $825K No change
CSX CSX Corp. 0.08% 27,750 $817K No change
PG The Procter & Gamble Co. 0.07% 4,448 $758K Reduce -0.3%

Show all 158 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $7.7M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 3,225$3.9MReduce -4.1%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,599$2.0MReduce -0.9%
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 74,333$1.8MReduce -1.5%

Total filed on the 13F, all lines: $1.1B.

Portfolio Sells Q4 2024 → Q1 2025
AVGO Broadcom Inc. Reduce -0.7% 2.70% −0.91
AAPL Apple Inc. Reduce -0.2% 7.42% −0.61
GOOG Alphabet Inc. Class C Reduce -1.1% 3.33% −0.60
MSFT Microsoft Corp. Reduce -0.1% 7.50% −0.57
BXMT Blackstone Mortgage Tru Class A Sold out 0.00% −0.42
GOOGL Alphabet Inc. Class A Reduce -0.3% 2.23% −0.39
WSM Williams-Sonoma Inc. Reduce -0.7% 2.71% −0.35
URI United Rentals Inc. Reduce -0.4% 4.28% −0.34
LEN Lennar Corp. Class A Reduce -0.9% 2.20% −0.33
AES AES Corp. Sold out 0.00% −0.25
AMAT Applied Materials Inc. Reduce -0.3% 2.06% −0.16
BLK BlackRock Inc. Reduce -1.8% 1.70% −0.10
BCE Bce Inc. Reduce -43.9% 0.12% −0.09
MRK Merck & Co. Inc. Reduce -4.6% 0.39% −0.04
IJR iShares Core S&P Small-Cap E Reduce -25.3% 0.08% −0.03
IPAC iShares Core MSCI Pacific Et Reduce -50.0% 0.03% −0.03
DGRW Wisdomtree U.S. Quality Divi Sold out 0.00% −0.02
MAR Marriott International Class A Sold out 0.00% −0.02
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.02
IWF iShares Russell 1000 Growth Reduce -7.6% 0.13% −0.02
IWP iShares Russell Mid-Cap Grow Sold out 0.00% −0.02
XLK SS Technology Select Sector Sold out 0.00% −0.02
CL Colgate-Palmolive Co. Sold out 0.00% −0.02
DUK Duke Energy Corp. Sold out 0.00% −0.02
NKE Nike Inc. Class B Sold out 0.00% −0.02
SUB iShares Short-Term National Reduce -37.6% 0.03% −0.02
ADBE Adobe Inc. Reduce -3.5% 0.09% −0.01
KKR KKR & Co. Inc. Reduce -1.1% 0.05% −0.01
DHR Danaher Corp. Reduce -0.3% 0.14% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -0.9% 0.84% −0.01
IJH iShares Core S&P Midcap ETF Reduce -5.8% 0.10% −0.01
IEFA iShares Core MSCI Eafe ETF Reduce -29.0% 0.02% −0.01
IWD iShares Russell 1000 Value E Reduce -13.8% 0.04% −0.00
VOO Vanguard S&P 500 ETF Reduce -3.0% 0.10% −0.00
LMT Lockheed Martin Corp. Reduce -1.9% 0.05% −0.00
OKE Oneok Inc. Reduce -3.6% 0.42% −0.00
FTV Fortive Corp. Reduce -10.5% 0.02% −0.00
SYY Sysco Corp. Reduce -6.5% 0.02% −0.00
IEMG iShares Core MSCI Emerging Reduce -11.1% 0.02% −0.00
SHV iShares 0-1 Year Treasury Bo Reduce -4.8% 0.14% −0.00
PEP Pepsico Inc. Reduce -2.7% 0.06% +0.00
PFF iShares Preferred & Income S Reduce -0.5% 0.03% +0.00
FCT First Trust SNR FL RT Inc. II Reduce -1.9% 0.60% +0.00
GBDC Golub Capital BDC Inc. Reduce -1.8% 0.10% +0.00
PG The Procter & Gamble Co. Reduce -0.3% 0.07% +0.00
LLY Eli Lilly & Co. Reduce -6.2% 0.09% +0.00
YUM Yum! Brands Inc. Reduce -1.3% 0.03% +0.00
SPG Simon Property Group Inc. Reduce -0.2% 1.07% +0.01
WY Weyerhaeuser Co. Reduce -2.8% 0.11% +0.01
JPM JPMorgan Chase & Co. Reduce -2.1% 0.16% +0.01

Portfolio Buys Q4 2024 → Q1 2025
BRK.B Berkshire Hathaway Inc. Class B Add +0.3% 7.82% +1.46
PFE Pfizer Inc. Add +1040.9% 0.50% +0.46
V Visa Inc. Class A Add +2.2% 2.01% +0.31
ES Eversource Energy Add +235.2% 0.36% +0.27
SHEL Shell PLC-ADR Add +1.6% 1.07% +0.21
T AT&T Inc. Add +2.2% 0.78% +0.19
VZ Verizon Communications Inc. Add +1.3% 0.93% +0.15
GD General Dynamics Corp. Add +2.0% 1.47% +0.14
O Realty Income Corp. Add +2.7% 0.95% +0.13
SCHW Schwab (charles) Corp. Add +1.0% 1.29% +0.13
EPD Enterprise Products Partners Add +0.4% 0.98% +0.12
UBER Uber Technologies Inc. New 0.10% +0.10
EVRG Evergy Inc. Add +3.8% 0.52% +0.09
JCI Johnson Controls Internation Add +0.5% 1.47% +0.09
ICSH iShares Ultra Short Duration Add +3.3% 1.08% +0.08
C Citigroup Inc. Add +3.8% 0.95% +0.08
PSA Public Storage Add +6.3% 0.78% +0.08
JEPI JPMorgan Equity Premium Inco Add +5.8% 0.73% +0.06
NZF Nuveen Municipal Credit Inc. Add +24.2% 0.22% +0.05
SLB SLB Ltd. Add +13.0% 0.22% +0.05
STWD Starwood Property Trust Inc. Add +2.8% 0.35% +0.04
EMO Clearbridge Energy Midstream Add +6.0% 0.21% +0.03
XFRAX BlackRock Fltng RT Inc. Strat Add +18.1% 0.21% +0.03
AZO AutoZone Inc. New 0.02% +0.02
MUB iShares National Muni Bond E Add +23.9% 0.10% +0.02
WEC WEC Energy Group Inc. New 0.02% +0.02
AGG iShares Core U.S. Aggregate Add +2.1% 0.21% +0.02
KYN Kayne Anderson Energy Infra Add +3.9% 0.18% +0.02
HD Home Depot Inc. Add +15.9% 0.09% +0.01
META Meta Platforms Inc. Class A Add +19.9% 0.05% +0.01
JFR Nuveen Floating Rate Income Add +20.0% 0.06% +0.01
BEPC Brookfield Renewable Corp. Add +3.0% 0.12% +0.01
ABBV Abbvie Inc. Add +0.0% 0.04% +0.01
ABT Abbott Laboratories Add +0.0% 0.04% +0.01
BKNG Booking Holdings Inc. Add +4.6% 0.45% +0.01
COST Costco Wholesale Corp. Add +0.6% 0.06% +0.00
BEP Brookfield Renewable Partner Add +2.0% 0.14% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +23.1% 0.02% +0.00
COP Conocophillips Add +1.7% 0.02% +0.00
WMT Walmart Inc. Add +0.2% 0.10% +0.00
ARE Alexandria Real Estate Equit Add +1.3% 0.50% +0.00
ACN Accenture PLC Class A Add +8.7% 0.18% +0.00
GS Goldman Sachs Group Inc. Add +1.2% 0.03% +0.00
NOW ServiceNow Inc. Add +2.5% 0.03% −0.01
NVO Novo-Nordisk A/S-Spons ADR Add +3.6% 0.10% −0.01
ORCL Oracle Corp. Add +0.5% 0.12% −0.02
LOW Lowe's Cos Inc. Add +0.4% 4.36% −0.04
VRT Vertiv Holdings Co. Class A Add +15.9% 0.26% −0.08
DLR Digital Realty Trust Inc. Add +0.5% 0.56% −0.10
TSM Taiwan Semiconductor-SP ADR Add +2.7% 1.04% −0.11

Notes & Other Activity Q4 2024 → Q1 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -4.1% 3,225 $3.9M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -0.9% 1,599 $2.0M
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A Reduce -1.5% 74,333 $1.8M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 185$1.5BAMAT, AAPL, URI, MSFT, BRK.B
Q1 2026 167$1.3BAAPL, MSFT, BRK.B, GOOG, AVGO
Q4 2025 172$1.3BMSFT, AAPL, BRK.B, GOOG, AVGO
Q3 2025 187$1.3BMSFT, AAPL, BRK.B, URI, AVGO
Q2 2025 167$1.2BMSFT, BRK.B, AAPL, URI, AVGO
Q1 2025 158$1.1BBRK.B, MSFT, AAPL, LOW, URI
Q4 2024 165$1.1BMSFT, AAPL, BRK.B, URI, LOW
Q3 2024 161$1.1BMSFT, AAPL, BRK.B, URI, LOW
Q2 2024 157$1.1BMSFT, AAPL, BRK.B, URI, LOW
Q1 2024 161$1.0BMSFT, BRK.B, AAPL, URI, LOW