Estabrook Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Estabrook Capital Management reported 314 stock positions worth $617.3 million. Its top holding was Microsoft (MSFT) at 9.9% of the portfolio, followed by JPMorgan Chase (JPM, 7.0%) and Apple (AAPL, 7.0%). Compared with Q4 2024, it opened 1 new position, sold out of 20, added to 34 and reduced 97. The biggest buy was SLB (SLB, shares +3%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001344717
- Portfolio Value
- $617.3M (Q1 2025)
- SEC Filing
- 0001344717-25-000004 ↗ filed May 14, 2025
Holdings Value
Holdings 314 stocks · $617.3M
| MSFT Microsoft Corp. | 9.89% | 162,606 | $61.0M | Reduce -2.7% |
| JPM JPMorgan Chase & Co. | 7.02% | 176,773 | $43.4M | Reduce -5.3% |
| AAPL Apple Inc. | 6.98% | 194,040 | $43.1M | Reduce -5.2% |
| COST Costco Wholesale Corp. | 5.32% | 34,736 | $32.9M | Reduce -7.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.87% | 71,203 | $17.7M | Reduce -3.9% |
| HON Honeywell International Inc. | 2.52% | 73,513 | $15.6M | Reduce -2.8% |
| JNJ Johnson & Johnson | 2.46% | 91,416 | $15.2M | Reduce -2.1% |
| UNP Union Pacific Corp. | 2.33% | 60,783 | $14.4M | Reduce -6.4% |
| CVX Chevron Corp. | 2.31% | 85,102 | $14.2M | Reduce -0.7% |
| CB Chubb Ltd. | 2.17% | 44,265 | $13.4M | Reduce -3.4% |
| PNC PNC Financial Services Group | 2.09% | 73,424 | $12.9M | Reduce -2.5% |
| COP Conocophillips | 2.03% | 119,256 | $12.5M | Reduce -2.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.03% | 299,615 | $12.5M | Reduce -3.5% |
| CSCO Cisco Systems Inc. | 1.93% | 193,008 | $11.9M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 1.84% | 73,500 | $11.4M | Reduce -2.6% |
| WMB Williams Cos Inc. | 1.68% | 173,156 | $10.3M | Reduce -4.0% |
| C Citigroup Inc. | 1.66% | 144,506 | $10.3M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 1.48% | 76,947 | $9.2M | Reduce -0.7% |
| WFC Wells Fargo & Co. | 1.43% | 123,132 | $8.8M | Reduce -2.7% |
| MRK Merck & Co. Inc. | 1.41% | 96,771 | $8.7M | Reduce -0.9% |
| MDT Medtronic PLC | 1.37% | 94,014 | $8.4M | Reduce -4.0% |
| UNH Unitedhealth Group Inc. | 1.26% | 14,834 | $7.8M | Reduce -2.6% |
| PFE Pfizer Inc. | 1.24% | 301,310 | $7.6M | Add +1.8% |
| ETN Eaton Corp. PLC | 1.16% | 26,432 | $7.2M | Reduce -6.0% |
| AFL Aflac Inc. | 1.16% | 64,283 | $7.1M | Reduce -2.7% |
| GE General Electric filed as GE AEROSPACE | 1.16% | 35,649 | $7.1M | Reduce -4.7% |
| VZ Verizon Communications Inc. | 1.13% | 154,253 | $7.0M | Reduce -0.2% |
| WMT Walmart Inc. | 1.10% | 77,491 | $6.8M | Reduce -3.3% |
| CP Canadian Pacific Kansas City | 1.10% | 96,725 | $6.8M | No change |
| DUK Duke Energy Corp. | 1.04% | 52,765 | $6.4M | Reduce -0.9% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 1.02% | 220,225 | $6.3M | Reduce -10.4% |
| HD Home Depot Inc. | 1.00% | 16,848 | $6.2M | Reduce -4.2% |
| AMGN Amgen Inc. | 1.00% | 19,724 | $6.1M | Reduce -2.9% |
| AMZN Amazon.com Inc. | 0.88% | 28,490 | $5.4M | Add +1.0% |
| NSC Norfolk Southern Corp. | 0.87% | 22,583 | $5.3M | Reduce -4.5% |
| GLW Corning Inc. | 0.86% | 116,046 | $5.3M | Reduce -1.8% |
| NOC Northrop Grumman Corp. | 0.81% | 9,789 | $5.0M | No change |
| T AT&T Inc. | 0.80% | 174,422 | $4.9M | Reduce -3.4% |
| PG The Procter & Gamble Co. | 0.76% | 27,545 | $4.7M | Reduce -0.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.72% | 53,177 | $4.5M | Reduce -2.8% |
| MDLZ Mondelez International Inc. Class A | 0.67% | 61,394 | $4.2M | Reduce -1.6% |
| LLY Eli Lilly & Co. | 0.63% | 4,687 | $3.9M | Reduce -19.9% |
| DOV Dover Corp. | 0.57% | 19,877 | $3.5M | Reduce -3.4% |
| QCOM Qualcomm Inc. | 0.57% | 22,731 | $3.5M | Reduce -2.0% |
| CTVA Corteva Inc. | 0.56% | 55,401 | $3.5M | Reduce -0.4% |
| NEE Nextera Energy Inc. | 0.53% | 46,464 | $3.3M | Reduce -1.3% |
| TXN Texas Instruments Inc. | 0.52% | 17,985 | $3.2M | Reduce -3.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.52% | 77,303 | $3.2M | Add +3.3% |
| RTX RTX Corp. | 0.49% | 22,657 | $3.0M | Reduce -1.1% |
| RNR Renaissancere Holdings Ltd. | 0.48% | 12,278 | $2.9M | Reduce -5.7% |
| ABBV Abbvie Inc. | 0.46% | 13,603 | $2.9M | Reduce -8.3% |
| NXPI NXP Semiconductors NV | 0.46% | 14,995 | $2.8M | Reduce -14.6% |
| USB US Bancorp | 0.45% | 65,525 | $2.8M | No change |
| GOOG Alphabet Inc. Class C | 0.45% | 17,615 | $2.8M | Reduce -2.7% |
| GEV GE Vernova Inc. | 0.44% | 8,991 | $2.7M | No change |
| PEP Pepsico Inc. | 0.43% | 17,739 | $2.7M | Add +8.8% |
| SYK Stryker Corp. | 0.41% | 6,807 | $2.5M | Reduce -2.4% |
| TGT Target Corp. | 0.40% | 23,674 | $2.5M | Reduce -1.1% |
| NVDA Nvidia Corp. | 0.34% | 19,290 | $2.1M | Reduce -0.8% |
| BA The Boeing Co. | 0.32% | 11,518 | $2.0M | Add +5.4% |
| GEHC GE Healthcare Technology | 0.31% | 24,081 | $1.9M | Add +1.6% |
| ADI Analog Devices Inc. | 0.31% | 9,500 | $1.9M | No change |
| DQIAX BNYM Equity Income-A | 0.31% | 63,683 | $1.9M | Add +0.0% |
| ALL Allstate Corp. | 0.31% | 9,138 | $1.9M | Reduce -7.1% |
| NKE Nike Inc. Class B | 0.31% | 29,773 | $1.9M | Add +26.9% |
| KMI Kinder Morgan Inc. | 0.29% | 62,802 | $1.8M | Reduce -7.1% |
| NVGS Navigator Holdings Ltd. | 0.28% | 131,568 | $1.8M | Reduce -4.4% |
| DD Dupont DE Nemours Inc. | 0.28% | 22,948 | $1.7M | Reduce -2.2% |
| DOW Dow Inc. | 0.26% | 45,536 | $1.6M | Reduce -5.4% |
| V Visa Inc. Class A | 0.24% | 4,186 | $1.5M | Reduce -2.5% |
| VTRS Viatris Inc. | 0.22% | 154,326 | $1.3M | Reduce -4.3% |
| BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA | 0.21% | 35,273 | $1.3M | Reduce -8.4% |
| ABT Abbott Laboratories | 0.21% | 9,552 | $1.3M | Reduce -3.9% |
| INTC Intel Corp. | 0.20% | 54,601 | $1.2M | Add +4.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 12,285 | $1.2M | Reduce -3.5% |
| CNI Canadian Natl Railway Co. | 0.19% | 12,132 | $1.2M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 1,875 | $999K | Reduce -0.3% |
| AME Ametek Inc. | 0.16% | 5,600 | $964K | Reduce -28.3% |
| META Meta Platforms Inc. Class A | 0.15% | 1,573 | $907K | Add +2.8% |
| KO The Coca-Cola Co. | 0.15% | 12,538 | $898K | Reduce -13.8% |
| CARR Carrier Global Corp. | 0.14% | 13,492 | $855K | Reduce -3.1% |
| F Ford Motor Co. filed as FORD MTR CO | 0.13% | 79,500 | $797K | Reduce -8.6% |
| DE Deere & Co. | 0.13% | 1,690 | $793K | No change |
| BMY Bristol-Myers Squibb Co. | 0.11% | 11,395 | $695K | No change |
| BKR Baker Hughes Co. | 0.09% | 13,332 | $586K | Reduce -23.1% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.09% | 3,251 | $581K | Reduce -1.8% |
| SHEL Shell PLC-ADR | 0.09% | 7,655 | $561K | No change |
| LIN Linde PLC | 0.09% | 1,197 | $557K | Reduce -9.8% |
| PSX Phillips 66 | 0.08% | 4,109 | $507K | No change |
| HII Huntington Ingalls Industrie | 0.08% | 2,484 | $507K | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.08% | 500 | $494K | Reduce -16.7% |
| OMC Omnicom Group | 0.08% | 5,866 | $486K | No change |
| EPD Enterprise Products Partners | 0.07% | 13,490 | $461K | Reduce -2.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.07% | 5,337 | $459K | No change |
| FNF Fidelity National Financial | 0.07% | 6,894 | $449K | Reduce -0.5% |
| ORCL Oracle Corp. | 0.07% | 3,132 | $438K | No change |
| TDW Tidewater Inc. | 0.07% | 9,800 | $414K | No change |
| FDX FedEx Corp. | 0.06% | 1,415 | $345K | Reduce -13.3% |
| VMC Vulcan Materials Co. | 0.06% | 1,461 | $341K | No change |
| EIX Edison International | 0.05% | 5,689 | $335K | No change |
Other holdings (16): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FIRST HORIZON CORP (FHN V6.6 PERP C) | PREFERR | 26,731 | $671K | Reduce -4.6% |
| FORD MOTOR COMPANY (F 6.2 06/01/59) | NTS DUE 01/06/2059 USD | 11,350 | $244K | Reduce -2.6% |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 9,200 | $229K | No change |
| STIFEL FINANCIAL CORP (SF 6.25 PERP B) | PREFERR | 6,450 | $156K | Reduce -7.2% |
| JPMORGAN CHASE & CO (JPM 6 PERP EE) | Common Stock | 5,300 | $133K | No change |
| AT&T INC (T 5 PERP A) | COM | 4,000 | $81K | No change |
| MORGAN STANLEY (MS F PERP +A) | COM | 1,355 | $31K | Reduce -49.9% |
| CITIGROUP CAPITAL XIII (C V0 10/30/40) | C.PRN | 1,000 | $30K | Reduce -31.0% |
| GOLDMAN SACHS GROUP INC (GS F PERP C) | Preferred Stock | 1,048 | $24K | No change |
| BANK OF AMERICA CORP (BAC 4.75 PERP SS) | PREFERR | 750 | $15K | No change |
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | 400 | $9K | No change |
| TDGMW Tidewater Inc.-CW42 | WARRANT | 207 | $8K | No change |
| GOLDMAN SACHS GROUP INC (GS F PERP A) | COM | 344 | $8K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 42 | $1K | No change |
| LIBERTY BROADBAND CORP (LBRDA 7 PERP A) | COM | 40 | $962 | No change |
| SEARS ROEBUCK ACCEPTANCE (SHLD 7.4 02/01/43) | PREFERR | 291 | $0 | No change |
Total filed on the 13F, all lines: $619.0M.
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -2.7% | 9.89% | −1.00 |
| AAPL Apple Inc. | Reduce -5.2% | 6.98% | −0.94 |
| GOOGL Alphabet Inc. Class A | Reduce -2.6% | 1.84% | −0.37 |
| ETN Eaton Corp. PLC | Reduce -6.0% | 1.16% | −0.28 |
| PNC PNC Financial Services Group | Reduce -2.5% | 2.09% | −0.15 |
| FRPH FRP Holdings Inc. | Reduce -10.4% | 1.02% | −0.14 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.13 |
| HON Honeywell International Inc. | Reduce -2.8% | 2.52% | −0.12 |
| NXPI NXP Semiconductors NV | Reduce -14.6% | 0.46% | −0.10 |
| TGT Target Corp. | Reduce -1.1% | 0.40% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -0.9% | 1.41% | −0.10 |
| VTRS Viatris Inc. | Reduce -4.3% | 0.22% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 0.45% | −0.09 |
| BAC Bank of America Corp. | Reduce -3.5% | 2.03% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -19.9% | 0.63% | −0.07 |
| NVDA Nvidia Corp. | Reduce -0.8% | 0.34% | −0.06 |
| AME Ametek Inc. | Reduce -28.3% | 0.16% | −0.06 |
| HD Home Depot Inc. | Reduce -4.2% | 1.00% | −0.06 |
| NVGS Navigator Holdings Ltd. | Reduce -4.4% | 0.28% | −0.04 |
| DOW Dow Inc. | Reduce -5.4% | 0.26% | −0.04 |
| SWPPX Schwab S&P 500 Index-Sel | Reduce -51.1% | 0.03% | −0.03 |
| DOV Dover Corp. | Reduce -3.4% | 0.57% | −0.03 |
| RNR Renaissancere Holdings Ltd. | Reduce -5.7% | 0.48% | −0.02 |
| DIS The Walt Disney Co. | Reduce -3.5% | 0.20% | −0.02 |
| GWW WW Grainger Inc. | Reduce -16.7% | 0.08% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -3.6% | 0.52% | −0.02 |
| WMT Walmart Inc. | Reduce -3.3% | 1.10% | −0.02 |
| FDX FedEx Corp. | Reduce -13.3% | 0.06% | −0.02 |
| BKR Baker Hughes Co. | Reduce -23.1% | 0.09% | −0.01 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.01 |
| SUN Sunoco LP | Sold out | 0.00% | −0.01 |
| PK Park Hotels & Resorts Inc. | Sold out | 0.00% | −0.01 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.01 |
| CARR Carrier Global Corp. | Reduce -3.1% | 0.14% | −0.01 |
| GLW Corning Inc. | Reduce -1.8% | 0.86% | −0.01 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.01 |
| ITW Illinois Tool Works | Reduce -18.8% | 0.03% | −0.01 |
| IFF Intl Flavors & Fragrances | Reduce -40.3% | 0.01% | −0.01 |
| ORGO Organogenesis Holdings Inc. | Sold out | 0.00% | −0.00 |
| SWSSX Schwab Small-Cap Index | Reduce -48.3% | 0.00% | −0.00 |
| FSLR First Solar Inc. | Reduce -76.7% | 0.00% | −0.00 |
| F Ford Motor Co. | Reduce -8.6% | 0.13% | −0.00 |
| BP BP PLC-Spons ADR | Reduce -26.4% | 0.03% | −0.00 |
| CMCSA Comcast Corp. Class A | Reduce -17.0% | 0.02% | −0.00 |
| JCI Johnson Controls Internation | Reduce -67.4% | 0.00% | −0.00 |
| BLX Bladex Inc. | Reduce -8.4% | 0.21% | −0.00 |
| AMP Ameriprise Financial Inc. | Reduce -11.8% | 0.01% | −0.00 |
| MTB M & T Bank Corp. | Reduce -1.8% | 0.09% | −0.00 |
| LHX L3HARRIS Technologies Inc. | Reduce -7.6% | 0.04% | −0.00 |
| SNDL SNDL Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| SLB SLB Ltd. | Add +3.3% | 0.52% | +0.08 |
| PEP Pepsico Inc. | Add +8.8% | 0.43% | +0.05 |
| INTC Intel Corp. | Add +4.9% | 0.20% | +0.04 |
| NKE Nike Inc. Class B | Add +26.9% | 0.31% | +0.03 |
| GEHC GE Healthcare Technology | Add +1.6% | 0.31% | +0.03 |
| PFE Pfizer Inc. | Add +1.8% | 1.24% | +0.02 |
| BA The Boeing Co. | Add +5.4% | 0.32% | +0.02 |
| META Meta Platforms Inc. Class A | Add +2.8% | 0.15% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +55.5% | 0.01% | +0.01 |
| DQIAX BNYM Equity Income-A | Add +0.0% | 0.31% | +0.00 |
| UGI Ugi Corp. | Add +107.3% | 0.00% | +0.00 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +3.5% | 0.01% | +0.00 |
| AM Antero Midstream Corp. | Add +1.4% | 0.00% | +0.00 |
| YETI Yeti Holdings Inc. | Add +100.0% | 0.00% | +0.00 |
| ZTS Zoetis Inc. | Add +12.2% | 0.00% | +0.00 |
| NWN Northwest Natural Holding Co. | Add +1.3% | 0.00% | +0.00 |
| HTO H2O America | Add +1.0% | 0.00% | +0.00 |
| APH Amphenol Corp. Class A | Add +33.3% | 0.00% | +0.00 |
| DGAGX BNYM Appreciation-A | Add +2.6% | 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 +0.3% | 0.01% | +0.00 |
| MET Metlife Inc. | Add +0.5% | 0.01% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +16.7% | 0.00% | +0.00 |
| DPG Duff & Phelps Utility & Inc. | Add +1.9% | 0.00% | +0.00 |
| HTGC Hercules Capital Inc. | Add +2.1% | 0.01% | +0.00 |
| NBXG Neuberger Next Generation Co. | Add +2.3% | 0.00% | +0.00 |
| POR Portland General Electric Co. | Add +1.1% | 0.00% | +0.00 |
| VSBSX Vanguard S/T Trsry Indx-Adm | Add +0.7% | 0.00% | +0.00 |
| ABR Arbor Realty Trust Inc. | Add +3.5% | 0.00% | 0.00 |
| C3IS INC | New | 0.00% | 0.00 |
| FRBAX JH Region Bank-A | Add +0.4% | 0.01% | −0.00 |
| PRU Prudential Financial Inc. | Add +0.5% | 0.01% | −0.00 |
| LULU Lululemon Athletica Inc. | Add +14.3% | 0.00% | −0.00 |
| AMD Advanced Micro Devices | Add +1.0% | 0.03% | −0.00 |
| AMZN Amazon.com Inc. | Add +1.0% | 0.88% | −0.08 |
Notes & Other Activity Q4 2024 → Q1 2025
| FIRST HORIZON CORP (FHN V6.6 PERP C) | PREFERR | Reduce -4.6% | 26,731 | $671K |
| FORD MOTOR COMPANY (F 6.2 06/01/59) | NTS DUE 01/06/2059 USD | Reduce -2.6% | 11,350 | $244K |
| STIFEL FINANCIAL CORP (SF 6.25 PERP B) | PREFERR | Reduce -7.2% | 6,450 | $156K |
| MORGAN STANLEY (MS F PERP +A) | COM | Reduce -49.9% | 1,355 | $31K |
| CITIGROUP CAPITAL XIII (C V0 10/30/40) | C.PRN | Reduce -31.0% | 1,000 | $30K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 320 | $736.7M | MSFT, JPM, AAPL, COST, GOOGL |
| Q1 2026 | 357 | $682.9M | MSFT, JPM, AAPL, COST, JNJ |
| Q4 2025 | 308 | $679.2M | MSFT, JPM, AAPL, COST, GOOGL |
| Q3 2025 | 309 | $684.2M | MSFT, JPM, AAPL, COST, IBM |
| Q2 2025 | 314 | $648.1M | MSFT, JPM, AAPL, COST, IBM |
| Q1 2025 | 314 | $617.3M | MSFT, JPM, AAPL, COST, IBM |
| Q4 2024 | 332 | $646.9M | MSFT, AAPL, JPM, COST, HON |
| Q3 2024 | 343 | $668.9M | MSFT, AAPL, JPM, COST, IBM |
| Q2 2024 | 334 | $648.0M | MSFT, AAPL, JPM, COST, HON |
| Q1 2024 | 341 | $645.5M | MSFT, JPM, AAPL, COST, UNP |