Estabrook Capital Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Estabrook Capital Management reported 314 stock positions worth $648.1 million. Its top holding was Microsoft (MSFT) at 12.2% of the portfolio, followed by JPMorgan Chase (JPM, 7.7%) and Apple (AAPL, 5.9%). Compared with Q1 2025, it opened 18 new positions, sold out of 18, added to 40 and reduced 98. The biggest buy was GE Vernova (GEV, shares +20%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001344717
- Portfolio Value
- $648.1M (Q2 2025)
- SEC Filing
- 0001344717-25-000011 ↗ filed Aug 13, 2025
Holdings Value
Holdings 314 stocks · $648.1M
| MSFT Microsoft Corp. | 12.18% | 158,718 | $78.9M | Reduce -2.4% |
| JPM JPMorgan Chase & Co. | 7.74% | 173,014 | $50.2M | Reduce -2.1% |
| AAPL Apple Inc. | 5.94% | 187,538 | $38.5M | Reduce -3.4% |
| COST Costco Wholesale Corp. | 5.23% | 34,248 | $33.9M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.20% | 70,277 | $20.7M | Reduce -1.3% |
| HON Honeywell International Inc. | 2.56% | 71,375 | $16.6M | Reduce -2.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.18% | 298,546 | $14.1M | Reduce -0.4% |
| JNJ Johnson & Johnson | 2.16% | 91,754 | $14.0M | Add +0.4% |
| UNP Union Pacific Corp. | 2.12% | 59,699 | $13.7M | Reduce -1.8% |
| PNC PNC Financial Services Group | 2.09% | 72,815 | $13.6M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 2.03% | 190,053 | $13.2M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 1.97% | 72,325 | $12.7M | Reduce -1.6% |
| CB Chubb Ltd. | 1.92% | 42,999 | $12.5M | Reduce -2.9% |
| C Citigroup Inc. | 1.89% | 143,700 | $12.2M | Reduce -0.6% |
| CVX Chevron Corp. | 1.84% | 83,100 | $11.9M | Reduce -2.4% |
| COP Conocophillips | 1.63% | 117,830 | $10.6M | Reduce -1.2% |
| WMB Williams Cos Inc. | 1.61% | 166,537 | $10.5M | Reduce -3.8% |
| WFC Wells Fargo & Co. | 1.50% | 121,307 | $9.7M | Reduce -1.5% |
| ETN Eaton Corp. PLC | 1.45% | 26,376 | $9.4M | Reduce -0.2% |
| GE General Electric filed as GE AEROSPACE | 1.37% | 34,609 | $8.9M | Reduce -2.9% |
| XOM Exxon Mobil Corp. | 1.26% | 75,572 | $8.1M | Reduce -1.8% |
| MDT Medtronic PLC | 1.23% | 91,718 | $8.0M | Reduce -2.4% |
| MRK Merck & Co. Inc. | 1.23% | 100,355 | $7.9M | Add +3.7% |
| PFE Pfizer Inc. | 1.19% | 318,925 | $7.7M | Add +5.8% |
| CP Canadian Pacific Kansas City | 1.18% | 96,400 | $7.6M | Reduce -0.3% |
| WMT Walmart Inc. | 1.15% | 76,297 | $7.5M | Reduce -1.5% |
| DUK Duke Energy Corp. | 1.07% | 58,789 | $6.9M | Add +11.4% |
| VZ Verizon Communications Inc. | 1.07% | 160,090 | $6.9M | Add +3.8% |
| AFL Aflac Inc. | 1.03% | 63,133 | $6.7M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 0.96% | 28,221 | $6.2M | Reduce -0.9% |
| HD Home Depot Inc. | 0.94% | 16,646 | $6.1M | Reduce -1.2% |
| GLW Corning Inc. | 0.93% | 114,421 | $6.0M | Reduce -1.4% |
| GEV GE Vernova Inc. | 0.88% | 10,799 | $5.7M | Add +20.1% |
| NSC Norfolk Southern Corp. | 0.88% | 22,221 | $5.7M | Reduce -1.6% |
| AMGN Amgen Inc. | 0.84% | 19,504 | $5.4M | Reduce -1.1% |
| T AT&T Inc. | 0.84% | 187,865 | $5.4M | Add +7.7% |
| NOC Northrop Grumman Corp. | 0.73% | 9,449 | $4.7M | Reduce -3.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.72% | 51,330 | $4.7M | Reduce -3.5% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 0.71% | 171,615 | $4.6M | Reduce -22.1% |
| PG The Procter & Gamble Co. | 0.67% | 27,440 | $4.4M | Reduce -0.4% |
| MDLZ Mondelez International Inc. Class A | 0.63% | 60,879 | $4.1M | Reduce -0.8% |
| CTVA Corteva Inc. | 0.62% | 54,311 | $4.0M | Reduce -2.0% |
| TXN Texas Instruments Inc. | 0.60% | 18,651 | $3.9M | Add +3.7% |
| DOV Dover Corp. | 0.55% | 19,565 | $3.6M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 0.55% | 22,497 | $3.6M | Reduce -1.0% |
| NEE Nextera Energy Inc. | 0.51% | 47,223 | $3.3M | Add +1.6% |
| NXPI NXP Semiconductors NV | 0.50% | 14,840 | $3.2M | Reduce -1.0% |
| RTX RTX Corp. | 0.49% | 21,869 | $3.2M | Reduce -3.5% |
| LLY Eli Lilly & Co. | 0.49% | 4,087 | $3.2M | Reduce -12.8% |
| PEP Pepsico Inc. | 0.48% | 23,738 | $3.1M | Add +33.8% |
| GOOG Alphabet Inc. Class C | 0.48% | 17,585 | $3.1M | Reduce -0.2% |
| NVDA Nvidia Corp. | 0.46% | 18,785 | $3.0M | Reduce -2.6% |
| USB US Bancorp | 0.46% | 65,525 | $3.0M | No change |
| RNR Renaissancere Holdings Ltd. | 0.46% | 12,197 | $3.0M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 0.46% | 9,481 | $3.0M | Reduce -36.1% |
| SYK Stryker Corp. | 0.41% | 6,683 | $2.6M | Reduce -1.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.40% | 77,592 | $2.6M | Add +0.4% |
| ABBV Abbvie Inc. | 0.38% | 13,118 | $2.4M | Reduce -3.6% |
| BA The Boeing Co. | 0.36% | 11,194 | $2.3M | Reduce -2.8% |
| ADI Analog Devices Inc. | 0.35% | 9,500 | $2.3M | No change |
| TGT Target Corp. | 0.34% | 22,655 | $2.2M | Reduce -4.3% |
| NVGS Navigator Holdings Ltd. | 0.33% | 149,658 | $2.1M | Add +13.8% |
| NKE Nike Inc. Class B | 0.33% | 29,793 | $2.1M | Add +0.1% |
| DQIAX BNYM Equity Income-A | 0.32% | 63,692 | $2.1M | Add +0.0% |
| KMI Kinder Morgan Inc. | 0.27% | 59,868 | $1.8M | Reduce -4.7% |
| GEHC GE Healthcare Technology | 0.27% | 23,316 | $1.7M | Reduce -3.2% |
| ALL Allstate Corp. | 0.26% | 8,350 | $1.7M | Reduce -8.6% |
| DD Dupont DE Nemours Inc. | 0.24% | 22,805 | $1.6M | Reduce -0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 12,299 | $1.5M | Add +0.1% |
| V Visa Inc. Class A | 0.23% | 4,166 | $1.5M | Reduce -0.5% |
| VTRS Viatris Inc. | 0.21% | 150,611 | $1.3M | Reduce -2.4% |
| ABT Abbott Laboratories | 0.20% | 9,333 | $1.3M | Reduce -2.3% |
| CNI Canadian Natl Railway Co. | 0.19% | 12,132 | $1.3M | No change |
| BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA | 0.19% | 30,444 | $1.2M | Reduce -13.7% |
| F Ford Motor Co. filed as FORD MTR CO | 0.19% | 112,200 | $1.2M | Add +41.1% |
| DOW Dow Inc. | 0.18% | 44,635 | $1.2M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 0.18% | 1,584 | $1.2M | Add +0.7% |
| INTC Intel Corp. | 0.18% | 52,141 | $1.2M | Reduce -4.5% |
| AME Ametek Inc. | 0.16% | 5,600 | $1.0M | No change |
| CARR Carrier Global Corp. | 0.15% | 13,112 | $960K | Reduce -2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 1,875 | $911K | No change |
| KO The Coca-Cola Co. | 0.14% | 12,538 | $887K | No change |
| DE Deere & Co. | 0.13% | 1,690 | $859K | No change |
| JLDAX John Hancock II Mult 2020-A | 0.10% | 72,147 | $626K | New |
| HII Huntington Ingalls Industrie | 0.09% | 2,484 | $600K | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.08% | 5,337 | $547K | No change |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.08% | 2,774 | $538K | Reduce -14.7% |
| SHEL Shell PLC-ADR | 0.08% | 7,615 | $536K | Reduce -0.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.08% | 500 | $520K | No change |
| BMY Bristol-Myers Squibb Co. | 0.08% | 11,179 | $517K | Reduce -1.9% |
| BKR Baker Hughes Co. | 0.08% | 13,332 | $511K | No change |
| ORCL Oracle Corp. | 0.07% | 2,150 | $470K | Reduce -31.4% |
| TDW Tidewater Inc. | 0.07% | 9,800 | $452K | No change |
| LIN Linde PLC | 0.07% | 947 | $444K | Reduce -20.9% |
| OMC Omnicom Group | 0.07% | 5,866 | $422K | No change |
| PSX Phillips 66 | 0.06% | 3,507 | $418K | Reduce -14.7% |
| EPD Enterprise Products Partners | 0.06% | 12,390 | $384K | Reduce -8.2% |
| FNF Fidelity National Financial | 0.06% | 6,689 | $375K | Reduce -3.0% |
| FDX FedEx Corp. | 0.05% | 1,415 | $322K | No change |
| CSX CSX Corp. | 0.05% | 9,505 | $310K | 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 | 25,731 | $651K | Reduce -3.7% |
| FORD MOTOR COMPANY (F 6.2 06/01/59) | NTS DUE 01/06/2059 USD | 10,600 | $222K | Reduce -6.6% |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | 8,800 | $217K | Reduce -4.3% |
| STIFEL FINANCIAL CORP (SF 6.25 PERP B) | PREFERR | 6,200 | $146K | Reduce -3.9% |
| JPMORGAN CHASE & CO (JPM 6 PERP EE) | Common Stock | 5,300 | $134K | No change |
| AT&T INC (T 5 PERP A) | COM | 4,000 | $81K | No change |
| CITIGROUP CAPITAL XIII (C V0 10/30/40) | C.PRN | 1,000 | $29K | No change |
| MORGAN STANLEY (MS F PERP +A) | COM | 1,355 | $29K | No change |
| GOLDMAN SACHS GROUP INC (GS F PERP C) | Preferred Stock | 1,048 | $22K | No change |
| BANK OF AMERICA CORP (BAC 4.75 PERP SS) | PREFERR | 750 | $15K | No change |
| TDGMW Tidewater Inc.-CW42 | WARRANT | 207 | $10K | No change |
| BANK OF AMERICA CORP (BAC F PERP +4) | COM | 400 | $9K | No change |
| GOLDMAN SACHS GROUP INC (GS F PERP A) | COM | 344 | $7K | No change |
| LIBERTY BROADBAND CORP (LBRDA 7 PERP A) | COM | 40 | $998 | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 13 | $269 | Reduce -69.0% |
| SEARS ROEBUCK ACCEPTANCE (SHLD 7.4 02/01/43) | PREFERR | 291 | $0 | No change |
Total filed on the 13F, all lines: $649.6M.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -3.4% | 5.94% | −1.04 |
| UNH Unitedhealth Group Inc. | Reduce -36.1% | 0.46% | −0.80 |
| CVX Chevron Corp. | Reduce -2.4% | 1.84% | −0.47 |
| COP Conocophillips | Reduce -1.2% | 1.63% | −0.40 |
| FRPH FRP Holdings Inc. | Reduce -22.1% | 0.71% | −0.31 |
| CB Chubb Ltd. | Reduce -2.9% | 1.92% | −0.24 |
| XOM Exxon Mobil Corp. | Reduce -1.8% | 1.26% | −0.23 |
| UNP Union Pacific Corp. | Reduce -1.8% | 2.12% | −0.21 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.84% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -12.8% | 0.49% | −0.14 |
| MDT Medtronic PLC | Reduce -2.4% | 1.23% | −0.13 |
| AFL Aflac Inc. | Reduce -1.8% | 1.03% | −0.13 |
| COST Costco Wholesale Corp. | Reduce -1.4% | 5.23% | −0.09 |
| ABBV Abbvie Inc. | Reduce -3.6% | 0.38% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -0.4% | 0.67% | −0.09 |
| NOC Northrop Grumman Corp. | Reduce -3.5% | 0.73% | −0.08 |
| DOW Dow Inc. | Reduce -2.0% | 0.18% | −0.08 |
| WMB Williams Cos Inc. | Reduce -3.8% | 1.61% | −0.06 |
| HD Home Depot Inc. | Reduce -1.2% | 0.94% | −0.06 |
| TGT Target Corp. | Reduce -4.3% | 0.34% | −0.06 |
| GEHC GE Healthcare Technology | Reduce -3.2% | 0.27% | −0.05 |
| ALL Allstate Corp. | Reduce -8.6% | 0.26% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.8% | 0.63% | −0.04 |
| DD Dupont DE Nemours Inc. | Reduce -0.6% | 0.24% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.9% | 0.08% | −0.03 |
| LIN Linde PLC | Reduce -20.9% | 0.07% | −0.02 |
| INTC Intel Corp. | Reduce -4.5% | 0.18% | −0.02 |
| RNR Renaissancere Holdings Ltd. | Reduce -0.7% | 0.46% | −0.02 |
| BLX Bladex Inc. | Reduce -13.7% | 0.19% | −0.02 |
| KMI Kinder Morgan Inc. | Reduce -4.7% | 0.27% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -79.2% | 0.01% | −0.02 |
| PSX Phillips 66 | Reduce -14.7% | 0.06% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -74.3% | 0.01% | −0.02 |
| VMC Vulcan Materials Co. | Reduce -33.2% | 0.04% | −0.02 |
| EPD Enterprise Products Partners | Reduce -8.2% | 0.06% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -3.5% | 0.03% | −0.01 |
| FNF Fidelity National Financial | Reduce -3.0% | 0.06% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -1.0% | 0.55% | −0.01 |
| WM Waste Management Inc. | Reduce -40.6% | 0.02% | −0.01 |
| DOV Dover Corp. | Reduce -1.6% | 0.55% | −0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -0.4% | 0.04% | −0.01 |
| MTB M & T Bank Corp. | Reduce -14.7% | 0.08% | −0.01 |
| SON Sonoco Products Co. | Reduce -50.7% | 0.01% | −0.01 |
| VTRS Viatris Inc. | Reduce -2.4% | 0.21% | −0.01 |
| TRGP Targa Resources Corp. | Sold out | 0.00% | −0.01 |
| ABT Abbott Laboratories | Reduce -2.3% | 0.20% | −0.01 |
| V Visa Inc. Class A | Reduce -0.5% | 0.23% | −0.01 |
| ROK Rockwell Automation Inc. | Reduce -36.0% | 0.03% | −0.01 |
| COR Cencora Inc. | Sold out | 0.00% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -0.5% | 0.08% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| GEV GE Vernova Inc. | Add +20.1% | 0.88% | +0.44 |
| JLDAX John Hancock II Mult 2020-A | New | 0.10% | +0.10 |
| TXN Texas Instruments Inc. | Add +3.7% | 0.60% | +0.07 |
| F Ford Motor Co. | Add +41.1% | 0.19% | +0.06 |
| PEP Pepsico Inc. | Add +33.8% | 0.48% | +0.05 |
| NVGS Navigator Holdings Ltd. | Add +13.8% | 0.33% | +0.04 |
| T AT&T Inc. | Add +7.7% | 0.84% | +0.04 |
| DIS The Walt Disney Co. | Add +0.1% | 0.24% | +0.04 |
| META Meta Platforms Inc. Class A | Add +0.7% | 0.18% | +0.03 |
| DUK Duke Energy Corp. | Add +11.4% | 1.07% | +0.03 |
| COIN Coinbase Global Inc. Class A | Add +13333.3% | 0.02% | +0.02 |
| NKE Nike Inc. Class B | Add +0.1% | 0.33% | +0.02 |
| DQIAX BNYM Equity Income-A | Add +0.0% | 0.32% | +0.01 |
| FGRIX Fidelity Grwth & Inc. Port | New | 0.01% | +0.01 |
| AMP Ameriprise Financial Inc. | Add +120.0% | 0.02% | +0.01 |
| PGOFX Victory Pioneer Sel M/C GR-A | New | 0.01% | +0.01 |
| RIOT Riot Platforms Inc. | New | 0.01% | +0.01 |
| LMND Lemonade Inc. | New | 0.01% | +0.01 |
| FANG Diamondback Energy Inc. | New | 0.01% | +0.01 |
| TTD Trade Desk Inc./the Class A | New | 0.01% | +0.01 |
| MARA Mara Holdings Inc. | New | 0.00% | +0.00 |
| TWLO Twilio Inc. Class A | New | 0.00% | +0.00 |
| PM Philip Morris International | New | 0.00% | +0.00 |
| SHOP Shopify Inc. Class A | New | 0.00% | +0.00 |
| DPZ Domino's Pizza Inc. | New | 0.00% | +0.00 |
| DOCU Docusign Inc. | New | 0.00% | +0.00 |
| XLB SS Materials Select Sector | New | 0.00% | +0.00 |
| LNTH Lantheus Holdings Inc. | New | 0.00% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +19.7% | 0.01% | +0.00 |
| MO Altria Group Inc. | New | 0.00% | +0.00 |
| VFIAX Vanguard 500 Index-Adm | Add +0.4% | 0.02% | +0.00 |
| FXAIX Fidelity 500 Index Fund | Add +0.4% | 0.02% | +0.00 |
| AIVSX Amer FND Inv Co. of Am-A | Add +1.2% | 0.01% | +0.00 |
| ICAFX Amer FND Inv Co. of Am-F2 | Add +1.3% | 0.01% | +0.00 |
| NBXG Neuberger Next Generation Co. | Add +2.3% | 0.00% | +0.00 |
| BTI British American Tob-SP ADR | New | 0.00% | +0.00 |
| DEO Diageo PLC-Sponsored ADR | New | 0.00% | +0.00 |
| FRBAX JH Region Bank-A | Add +0.5% | 0.01% | +0.00 |
| AM Antero Midstream Corp. | Add +1.2% | 0.00% | 0.00 |
| ABR Arbor Realty Trust Inc. | Add +3.4% | 0.00% | 0.00 |
| DPG Duff & Phelps Utility & Inc. | Add +1.6% | 0.00% | 0.00 |
| FBSOX Fidelity Sel Enterpr Tech | Add +13.5% | 0.00% | 0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +14.3% | 0.00% | −0.00 |
| VSBSX Vanguard S/T Trsry Indx-Adm | Add +1.0% | 0.00% | −0.00 |
| NWN Northwest Natural Holding Co. | Add +1.3% | 0.00% | −0.00 |
| POR Portland General Electric Co. | Add +1.1% | 0.00% | −0.00 |
| HTO H2O America | Add +1.0% | 0.00% | −0.00 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +3.6% | 0.01% | −0.00 |
| DHR Danaher Corp. | Add +4.8% | 0.01% | −0.00 |
| MET Metlife Inc. | Add +0.5% | 0.01% | −0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| FIRST HORIZON CORP (FHN V6.6 PERP C) | PREFERR | Reduce -3.7% | 25,731 | $651K |
| FORD MOTOR COMPANY (F 6.2 06/01/59) | NTS DUE 01/06/2059 USD | Reduce -6.6% | 10,600 | $222K |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Reduce -4.3% | 8,800 | $217K |
| STIFEL FINANCIAL CORP (SF 6.25 PERP B) | PREFERR | Reduce -3.9% | 6,200 | $146K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -69.0% | 13 | $269 |
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 |