Estabrook Capital Management

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Estabrook Capital Management reported 341 stock positions worth $645.5 million. Its top holding was Microsoft (MSFT) at 11.8% of the portfolio, followed by JPMorgan Chase (JPM, 6.0%) and Apple (AAPL, 5.7%). Compared with Q4 2023, it opened 1 new position, sold out of 6, added to 20 and reduced 95. The biggest buy was Citigroup (C, shares +0%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001344717
Portfolio Value
$645.5M (Q1 2024)
SEC Filing
0001344717-24-000004 ↗ filed May 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $645.5M $645.5M Q1 2024 Q2 2024: $648.0M Q2 2024 Q3 2024: $668.9M Q3 2024 Q4 2024: $646.9M Q4 2024 Q1 2025: $617.3M Q1 2025 Q2 2025: $648.1M Q2 2025 Q3 2025: $684.2M Q3 2025 Q4 2025: $679.2M Q4 2025 Q1 2026: $682.9M Q1 2026 Q2 2026: $736.7M Q2 2026

Holdings 341 stocks · $645.5M
MSFT Microsoft Corp. 11.84% 181,596 $76.4M Reduce -4.7%
JPM JPMorgan Chase & Co. 6.03% 194,332 $38.9M Reduce -1.9%
AAPL Apple Inc. 5.70% 214,393 $36.8M Reduce -3.3%
COST Costco Wholesale Corp. 4.70% 41,453 $30.4M Reduce -3.1%
UNP Union Pacific Corp. 2.52% 66,156 $16.3M Reduce -7.0%
HON Honeywell International Inc. 2.45% 76,931 $15.8M Reduce -1.4%
COP Conocophillips 2.43% 123,263 $15.7M Reduce -5.9%
JNJ Johnson & Johnson 2.35% 95,824 $15.2M Reduce -0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.23% 75,321 $14.4M Reduce -3.0%
CVX Chevron Corp. 2.13% 87,027 $13.7M Add +0.5%
MRK Merck & Co. Inc. 2.06% 100,864 $13.3M Reduce -2.2%
PNC PNC Financial Services Group 1.94% 77,537 $12.5M Reduce -4.0%
CB Chubb Ltd. 1.88% 46,805 $12.1M Reduce -0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.87% 318,482 $12.1M Reduce -4.5%
GOOGL Alphabet Inc. Class A 1.84% 78,591 $11.9M Reduce -1.5%
CSCO Cisco Systems Inc. 1.64% 211,461 $10.6M Reduce -3.6%
ETN Eaton Corp. PLC 1.63% 33,713 $10.5M Reduce -1.8%
PFE Pfizer Inc. 1.55% 359,878 $10.0M Add +14.2%
C Citigroup Inc. 1.48% 151,057 $9.6M Add +0.5%
MDT Medtronic PLC 1.40% 103,705 $9.0M Reduce -0.3%
XOM Exxon Mobil Corp. 1.37% 76,047 $8.8M Reduce -3.6%
UNH Unitedhealth Group Inc. 1.37% 17,863 $8.8M Reduce -2.9%
CP Canadian Pacific Kansas City 1.34% 98,310 $8.7M No change
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 1.34% 280,930 $8.6M Add +88.8%
WFC Wells Fargo & Co. 1.21% 134,217 $7.8M Reduce -0.9%
WMB Williams Cos Inc. 1.17% 192,993 $7.5M Reduce -3.8%
HD Home Depot Inc. 1.07% 18,039 $6.9M Reduce -1.9%
VZ Verizon Communications Inc. 1.07% 164,472 $6.9M Add +0.1%
GE General Electric 1.04% 38,335 $6.7M Reduce -1.3%
NSC Norfolk Southern Corp. 0.99% 25,081 $6.4M Reduce -2.7%
AFL Aflac Inc. 0.94% 70,727 $6.1M Reduce -8.6%
AMGN Amgen Inc. 0.93% 21,054 $6.0M Reduce -1.6%
GLW Corning Inc. 0.93% 181,408 $6.0M Reduce -2.5%
LLY Eli Lilly & Co. 0.86% 7,128 $5.5M Reduce -7.0%
DUK Duke Energy Corp. 0.81% 54,165 $5.2M Reduce -0.9%
WMT Walmart Inc. 0.78% 83,749 $5.0M Reduce -1.5%
NOC Northrop Grumman Corp. 0.76% 10,236 $4.9M No change
PG The Procter & Gamble Co. 0.74% 29,505 $4.8M Reduce -1.4%
AMZN Amazon.com Inc. 0.74% 26,455 $4.8M No change
TGT Target Corp. 0.73% 26,627 $4.7M Reduce -1.4%
NXPI NXP Semiconductors NV 0.70% 18,242 $4.5M Reduce -1.9%
MDLZ Mondelez International Inc. Class A 0.69% 63,271 $4.4M Reduce -0.4%
QCOM Qualcomm Inc. 0.63% 24,187 $4.1M Reduce -1.7%
INTC Intel Corp. 0.62% 90,818 $4.0M Reduce -0.9%
DOV Dover Corp. 0.58% 21,067 $3.7M Reduce -0.1%
CVS CVS Health Corp. 0.54% 43,990 $3.5M Reduce -0.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.53% 59,763 $3.4M Reduce -10.9%
TXN Texas Instruments Inc. 0.53% 19,486 $3.4M Reduce -3.3%
CTVA Corteva Inc. 0.52% 57,987 $3.3M Reduce -4.9%
PEP Pepsico Inc. 0.50% 18,520 $3.2M Reduce -1.1%
DOW Dow Inc. 0.50% 55,631 $3.2M Reduce -3.6%
T AT&T Inc. 0.50% 181,643 $3.2M Add +11.0%
RNR Renaissancere Holdings Ltd. 0.47% 13,044 $3.1M Reduce -3.9%
NEE Nextera Energy Inc. 0.47% 47,260 $3.0M Reduce -0.8%
USB US Bancorp 0.46% 65,815 $2.9M No change
GOOG Alphabet Inc. Class C 0.45% 19,285 $2.9M Reduce -1.2%
ABBV Abbvie Inc. 0.44% 15,523 $2.8M No change
SYK Stryker Corp. 0.41% 7,454 $2.7M Reduce -1.4%
NKE Nike Inc. Class B 0.37% 25,676 $2.4M Reduce -2.0%
BA The Boeing Co. 0.37% 12,322 $2.4M Add +3.0%
RTX RTX Corp. 0.36% 23,653 $2.3M Reduce -2.2%
F Ford Motor Co. filed as FORD MTR CO DEL 0.35% 171,200 $2.3M Reduce -4.3%
GEHC GE Healthcare Technology 0.33% 23,702 $2.2M Add +72.1%
VTRS Viatris Inc. 0.33% 176,270 $2.1M Add +1.3%
ALL Allstate Corp. 0.32% 12,074 $2.1M No change
NVGS Navigator Holdings Ltd. 0.31% 130,948 $2.0M Reduce -0.4%
ADI Analog Devices Inc. 0.29% 9,500 $1.9M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.29% 34,023 $1.9M Add +66.6%
DQIAX BNYM Equity Income-A 0.29% 63,678 $1.8M No change
DD Dupont DE Nemours Inc. 0.28% 23,772 $1.8M Reduce -2.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.27% 14,043 $1.7M Reduce -7.8%
CNI Canadian Natl Railway Co. 0.25% 12,132 $1.6M No change
NVDA Nvidia Corp. 0.22% 1,602 $1.4M Reduce -25.0%
AME Ametek Inc. 0.22% 7,810 $1.4M No change
V Visa Inc. Class A 0.19% 4,418 $1.2M Add +1.6%
LIN Linde PLC 0.19% 2,597 $1.2M Reduce -13.6%
ABT Abbott Laboratories 0.19% 10,605 $1.2M No change
BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA 0.19% 40,471 $1.2M Reduce -2.7%
TDW Tidewater Inc. 0.14% 10,000 $920K No change
KO The Coca-Cola Co. 0.14% 14,538 $889K Reduce -1.4%
CARR Carrier Global Corp. 0.13% 14,247 $828K Reduce -4.6%
AXP American Express Co. 0.13% 3,609 $822K Reduce -10.1%
DE Deere & Co. 0.13% 1,982 $814K No change
BRK.B Berkshire Hathaway Inc. Class B 0.12% 1,880 $791K No change
META Meta Platforms Inc. Class A 0.12% 1,540 $748K No change
HII Huntington Ingalls Industrie 0.11% 2,484 $724K No change
KMI Kinder Morgan Inc. 0.11% 37,763 $693K Add +975.0%
BMY Bristol-Myers Squibb Co. 0.10% 12,395 $672K Reduce -20.5%
PSX Phillips 66 0.10% 4,109 $671K Reduce -4.5%
FDX FedEx Corp. 0.10% 2,193 $635K Reduce -6.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.09% 600 $610K No change
MCD McDonald's Corp. 0.09% 2,143 $604K Reduce -6.5%
BKR Baker Hughes Co. 0.09% 17,832 $597K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.09% 3,909 $569K No change
OMC Omnicom Group 0.09% 5,866 $568K No change
AMP Ameriprise Financial Inc. 0.09% 1,270 $557K Reduce -2.3%
SHEL Shell PLC-ADR 0.08% 8,124 $545K Reduce -9.1%
PGNY Progyny Inc. 0.08% 13,754 $525K New
ORCL Oracle Corp. 0.08% 4,167 $523K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.08% 6,237 $500K Reduce -2.2%

Show all 341 holdings

Other holdings (17): bonds, preferreds, convertibles and warrants · $1.8M (not counted above)
SecurityClassShares / PrincipalValueChange
FIRST HORIZON CORP (FHN V6.6 PERP C) PREFERR 28,031$674KNo change
FORD MOTOR COMPANY (F 6.2 06/01/59) NTS DUE 01/06/2059 USD 11,900$287KNo change
CHARLES SCHWAB CORP (SCHW 5.95 PERP D) Common Stock 9,200$232KNo change
STIFEL FINANCIAL CORP (SF 6.25 PERP B) PREFERR 6,950$173KNo change
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 5,300$133KNo change
AT&T INC (T 5 PERP A) COM 4,000$85KNo change
MORGAN STANLEY (MS F PERP +A) COM 2,705$61KNo change
TDGMW Tidewater Inc.-CW42 WARRANT 745$57KNo change
CITIGROUP CAPITAL XIII (C V0 10/30/40) C.PRN 1,450$43KNo change
GASLOG LTD (GLOG 8.75 PERP A) PREFERR 1,362$35KReduce -25.4%
GOLDMAN SACHS GROUP INC (GS F PERP C) Preferred Stock 1,048$24KNo change
BANK OF AMERICA CORP (BAC 4.75 PERP SS) PREFERR 750$17KNo change
BANK OF AMERICA CORP (BAC F PERP +4) COM 400$9KNo change
GOLDMAN SACHS GROUP INC (GS F PERP A) COM 344$8KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 42$2KNo change
LIBERTY BROADBAND CORP (LBRDA 7 PERP A) COM 40$932No change
SEARS ROEBUCK ACCEPTANCE (SHLD 7.4 02/01/43) PREFERR 291$0No change

Total filed on the 13F, all lines: $647.3M.

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -3.3% 5.70% −1.30
UNP Union Pacific Corp. Reduce -7.0% 2.52% −0.34
HON Honeywell International Inc. Reduce -1.4% 2.45% −0.23
UNH Unitedhealth Group Inc. Reduce -2.9% 1.37% −0.22
CSCO Cisco Systems Inc. Reduce -3.6% 1.64% −0.18
INTC Intel Corp. Reduce -0.9% 0.62% −0.13
JNJ Johnson & Johnson Reduce -0.2% 2.35% −0.12
PNC PNC Financial Services Group Reduce -4.0% 1.94% −0.11
AFL Aflac Inc. Reduce -8.6% 0.94% −0.10
NKE Nike Inc. Class B Reduce -2.0% 0.37% −0.09
AMGN Amgen Inc. Reduce -1.6% 0.93% −0.08
MDLZ Mondelez International Inc. Class A Reduce -0.4% 0.69% −0.07
COP Conocophillips Reduce -5.9% 2.43% −0.06
DUK Duke Energy Corp. Reduce -0.9% 0.81% −0.06
BNY Bank of New York Mellon Corp. Reduce -10.9% 0.53% −0.04
TXN Texas Instruments Inc. Reduce -3.3% 0.53% −0.04
BMY Bristol-Myers Squibb Co. Reduce -20.5% 0.10% −0.03
CVS CVS Health Corp. Reduce -0.2% 0.54% −0.03
DD Dupont DE Nemours Inc. Reduce -2.5% 0.28% −0.02
DOW Dow Inc. Reduce -3.6% 0.50% −0.02
PEP Pepsico Inc. Reduce -1.1% 0.50% −0.02
ZBH Zimmer Biomet Holdings Inc. Reduce -27.2% 0.05% −0.02
MCD McDonald's Corp. Reduce -6.5% 0.09% −0.02
LIN Linde PLC Reduce -13.6% 0.19% −0.02
HUM Humana Inc. Reduce -0.3% 0.04% −0.01
CARR Carrier Global Corp. Reduce -4.6% 0.13% −0.01
DGAGX BNYM Appreciation-A Reduce -46.7% 0.01% −0.01
BNTX Biontech SE-ADR Reduce -54.5% 0.01% −0.01
SHEL Shell PLC-ADR Reduce -9.1% 0.08% −0.01
NSC Norfolk Southern Corp. Reduce -2.7% 0.99% −0.01
IMPP Imperial Petroleum Inc. Sold out 0.00% −0.01
CMCSA Comcast Corp. Class A Reduce -5.3% 0.05% −0.01
NEE Nextera Energy Inc. Reduce -0.8% 0.47% −0.01
FDS Factset Research Systems Inc. Reduce -6.6% 0.03% −0.01
CLF Cleveland-Cliffs Inc. Reduce -55.2% 0.00% −0.01
F Ford Motor Co. Reduce -4.3% 0.35% −0.01
KO The Coca-Cola Co. Reduce -1.4% 0.14% −0.00
MDT Medtronic PLC Reduce -0.3% 1.40% −0.00
BCC Boise Cascade Co. Sold out 0.00% −0.00
MKSI MKS Inc. Reduce -50.0% 0.01% −0.00
FRBAX JH Region Bank-A Reduce -21.6% 0.01% −0.00
FLG New York Community Bancorp Sold out 0.00% −0.00
GLW Corning Inc. Reduce -2.5% 0.93% −0.00
SNY Sanofi-ADR Reduce -0.2% 0.03% −0.00
NVGS Navigator Holdings Ltd. Reduce -0.4% 0.31% −0.00
WBD Warner Bros Discovery Inc. Reduce -8.7% 0.00% −0.00
PK Park Hotels & Resorts Inc. Reduce -18.2% 0.01% −0.00
VFIAX Vanguard 500 Index-Adm Reduce -10.6% 0.02% −0.00
FNF Fidelity National Financial Reduce -0.8% 0.06% −0.00
AOUT American Outdoor Brands Inc. Sold out 0.00% −0.00

Portfolio Buys Q4 2023 → Q1 2024
C Citigroup Inc. Add +0.5% 1.48% +0.21
GEHC GE Healthcare Technology Add +72.1% 0.33% +0.16
SLB SLB Ltd. Add +66.6% 0.29% +0.11
KMI Kinder Morgan Inc. Add +975.0% 0.11% +0.10
PGNY Progyny Inc. New 0.08% +0.08
PFE Pfizer Inc. Add +14.2% 1.55% +0.06
VZ Verizon Communications Inc. Add +0.1% 1.07% +0.05
T AT&T Inc. Add +11.0% 0.50% +0.05
VTRS Viatris Inc. Add +1.3% 0.33% +0.02
CVX Chevron Corp. Add +0.5% 2.13% +0.01
V Visa Inc. Class A Add +1.6% 0.19% +0.01
FXAIX Fidelity 500 Index Fund Add +25.0% 0.01% +0.00
AIVSX Amer FND Inv Co. of Am-A Add +0.3% 0.01% +0.00
ICAFX Amer FND Inv Co. of Am-F2 Add +0.4% 0.01% +0.00
TMO Thermo Fisher Scientific Inc. Add +10.0% 0.00% +0.00
DPG Duff & Phelps Utility & Inc. Add +4.5% 0.00% 0.00
VSBSX Vanguard S/T Trsry Indx-Adm Add +1.0% 0.00% −0.00
ZTS Zoetis Inc. Add +10.6% 0.00% −0.00
NEM Newmont Corp. Add +4.3% 0.01% −0.00
BA The Boeing Co. Add +3.0% 0.37% −0.14
FRPH FRP Holdings Inc. Add +88.8% 1.34% −0.20

Notes & Other Activity Q4 2023 → Q1 2024
GASLOG LTD (GLOG 8.75 PERP A) PREFERR Reduce -25.4% 1,362 $35K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 320$736.7MMSFT, JPM, AAPL, COST, GOOGL
Q1 2026 357$682.9MMSFT, JPM, AAPL, COST, JNJ
Q4 2025 308$679.2MMSFT, JPM, AAPL, COST, GOOGL
Q3 2025 309$684.2MMSFT, JPM, AAPL, COST, IBM
Q2 2025 314$648.1MMSFT, JPM, AAPL, COST, IBM
Q1 2025 314$617.3MMSFT, JPM, AAPL, COST, IBM
Q4 2024 332$646.9MMSFT, AAPL, JPM, COST, HON
Q3 2024 343$668.9MMSFT, AAPL, JPM, COST, IBM
Q2 2024 334$648.0MMSFT, AAPL, JPM, COST, HON
Q1 2024 341$645.5MMSFT, JPM, AAPL, COST, UNP