Estabrook Capital Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Estabrook Capital Management reported 309 stock positions worth $684.2 million. Its top holding was Microsoft (MSFT) at 11.9% of the portfolio, followed by JPMorgan Chase (JPM, 7.8%) and Apple (AAPL, 6.9%). Compared with Q2 2025, it opened 3 new positions, sold out of 8, added to 31 and reduced 93. The biggest buy was Verizon Communications (VZ, shares +13%) and the biggest sale Costco Wholesale (COST, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001344717
- Portfolio Value
- $684.2M (Q3 2025)
- SEC Filing
- 0001344717-25-000014 ↗ filed Nov 10, 2025
Holdings Value
Holdings 309 stocks · $684.2M
| MSFT Microsoft Corp. | 11.91% | 157,365 | $81.5M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 7.76% | 168,316 | $53.1M | Reduce -2.7% |
| AAPL Apple Inc. | 6.91% | 185,709 | $47.3M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 4.60% | 33,976 | $31.4M | Reduce -0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.87% | 69,597 | $19.6M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 2.54% | 71,520 | $17.4M | Reduce -1.1% |
| JNJ Johnson & Johnson | 2.48% | 91,513 | $17.0M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.21% | 293,085 | $15.1M | Reduce -1.8% |
| HON Honeywell International Inc. | 2.18% | 70,912 | $14.9M | Reduce -0.7% |
| PNC PNC Financial Services Group | 2.13% | 72,575 | $14.6M | Reduce -0.3% |
| C Citigroup Inc. | 2.11% | 142,511 | $14.5M | Reduce -0.8% |
| UNP Union Pacific Corp. | 2.04% | 59,142 | $14.0M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 1.87% | 187,065 | $12.8M | Reduce -1.6% |
| CVX Chevron Corp. | 1.86% | 82,154 | $12.8M | Reduce -1.1% |
| CB Chubb Ltd. | 1.75% | 42,536 | $12.0M | Reduce -1.1% |
| COP Conocophillips | 1.62% | 116,977 | $11.1M | Reduce -0.7% |
| WMB Williams Cos Inc. | 1.54% | 166,471 | $10.5M | Reduce -0.0% |
| GE General Electric filed as GE AEROSPACE | 1.51% | 34,308 | $10.3M | Reduce -0.9% |
| WFC Wells Fargo & Co. | 1.46% | 119,568 | $10.0M | Reduce -1.4% |
| ETN Eaton Corp. PLC | 1.42% | 26,022 | $9.7M | Reduce -1.3% |
| GLW Corning Inc. | 1.35% | 112,428 | $9.2M | Reduce -1.7% |
| MDT Medtronic PLC | 1.26% | 90,445 | $8.6M | Reduce -1.4% |
| XOM Exxon Mobil Corp. | 1.24% | 75,422 | $8.5M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 1.22% | 99,700 | $8.4M | Reduce -0.7% |
| VZ Verizon Communications Inc. | 1.16% | 180,228 | $7.9M | Add +12.6% |
| WMT Walmart Inc. | 1.13% | 75,269 | $7.8M | Reduce -1.4% |
| PFE Pfizer Inc. | 1.13% | 303,450 | $7.7M | Reduce -4.8% |
| DUK Duke Energy Corp. | 1.05% | 58,198 | $7.2M | Reduce -1.0% |
| CP Canadian Pacific Kansas City | 1.05% | 96,400 | $7.2M | No change |
| AFL Aflac Inc. | 1.02% | 62,508 | $7.0M | Reduce -1.0% |
| HD Home Depot Inc. | 0.98% | 16,543 | $6.7M | Reduce -0.6% |
| NSC Norfolk Southern Corp. | 0.97% | 22,019 | $6.6M | Reduce -0.9% |
| GEV GE Vernova Inc. | 0.96% | 10,678 | $6.6M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 0.91% | 28,251 | $6.2M | Add +0.1% |
| T AT&T Inc. | 0.89% | 216,287 | $6.1M | Add +15.1% |
| NOC Northrop Grumman Corp. | 0.84% | 9,449 | $5.8M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.81% | 50,657 | $5.5M | Reduce -1.3% |
| AMGN Amgen Inc. | 0.80% | 19,320 | $5.5M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 0.62% | 17,515 | $4.3M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 0.61% | 27,369 | $4.2M | Reduce -0.3% |
| MDLZ Mondelez International Inc. Class A | 0.56% | 60,824 | $3.8M | Reduce -0.1% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 0.54% | 152,115 | $3.7M | Reduce -11.4% |
| QCOM Qualcomm Inc. | 0.54% | 22,055 | $3.7M | Reduce -2.0% |
| RTX RTX Corp. | 0.53% | 21,604 | $3.6M | Reduce -1.2% |
| CTVA Corteva Inc. | 0.53% | 53,135 | $3.6M | Reduce -2.2% |
| NEE Nextera Energy Inc. | 0.52% | 46,852 | $3.5M | Reduce -0.8% |
| PEP Pepsico Inc. | 0.49% | 24,074 | $3.4M | Add +1.4% |
| NVDA Nvidia Corp. | 0.49% | 18,110 | $3.4M | Reduce -3.6% |
| TXN Texas Instruments Inc. | 0.49% | 18,383 | $3.4M | Reduce -1.4% |
| NXPI NXP Semiconductors NV | 0.49% | 14,680 | $3.3M | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 0.47% | 9,410 | $3.2M | Reduce -0.8% |
| DOV Dover Corp. | 0.47% | 19,392 | $3.2M | Reduce -0.9% |
| USB US Bancorp | 0.46% | 65,525 | $3.2M | No change |
| LLY Eli Lilly & Co. | 0.45% | 4,062 | $3.1M | Reduce -0.6% |
| RNR Renaissancere Holdings Ltd. | 0.45% | 12,097 | $3.1M | Reduce -0.8% |
| ABBV Abbvie Inc. | 0.44% | 12,963 | $3.0M | Reduce -1.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.38% | 75,889 | $2.6M | Reduce -2.2% |
| SYK Stryker Corp. | 0.37% | 6,789 | $2.5M | Add +1.6% |
| BA The Boeing Co. | 0.36% | 11,427 | $2.5M | Add +2.1% |
| ADI Analog Devices Inc. | 0.34% | 9,500 | $2.3M | No change |
| DQIAX BNYM Equity Income-A | 0.33% | 63,692 | $2.3M | No change |
| NVGS Navigator Holdings Ltd. | 0.32% | 142,458 | $2.2M | Reduce -4.8% |
| NKE Nike Inc. Class B | 0.30% | 29,603 | $2.1M | Reduce -0.6% |
| TGT Target Corp. | 0.28% | 21,522 | $1.9M | Reduce -5.0% |
| ALL Allstate Corp. | 0.26% | 8,323 | $1.8M | Reduce -0.3% |
| DD Dupont DE Nemours Inc. | 0.26% | 22,805 | $1.8M | No change |
| GEHC GE Healthcare Technology | 0.26% | 23,232 | $1.7M | Reduce -0.4% |
| KMI Kinder Morgan Inc. | 0.25% | 59,874 | $1.7M | Add +0.0% |
| INTC Intel Corp. | 0.24% | 49,636 | $1.7M | Reduce -4.8% |
| V Visa Inc. Class A | 0.21% | 4,186 | $1.4M | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 12,045 | $1.4M | Reduce -2.1% |
| F Ford Motor Co. filed as FORD MTR CO | 0.18% | 104,700 | $1.3M | Reduce -6.7% |
| ABT Abbott Laboratories | 0.18% | 9,333 | $1.3M | No change |
| META Meta Platforms Inc. Class A | 0.17% | 1,606 | $1.2M | Add +1.4% |
| CNI Canadian Natl Railway Co. | 0.17% | 12,132 | $1.1M | No change |
| VTRS Viatris Inc. | 0.16% | 113,488 | $1.1M | Reduce -24.6% |
| BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA | 0.15% | 23,042 | $1.1M | Reduce -24.3% |
| AME Ametek Inc. | 0.15% | 5,600 | $1.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.14% | 1,875 | $943K | No change |
| KO The Coca-Cola Co. | 0.12% | 12,538 | $832K | No change |
| DE Deere & Co. | 0.11% | 1,690 | $773K | No change |
| CARR Carrier Global Corp. | 0.11% | 12,827 | $766K | Reduce -2.2% |
| HII Huntington Ingalls Industrie | 0.10% | 2,484 | $715K | No change |
| JLDAX John Hancock II Mult 2020-A | 0.10% | 72,147 | $651K | No change |
| BKR Baker Hughes Co. | 0.09% | 13,332 | $650K | No change |
| DOW Dow Inc. | 0.09% | 27,297 | $626K | Reduce -38.8% |
| ORCL Oracle Corp. | 0.09% | 2,150 | $605K | No change |
| SHEL Shell PLC-ADR | 0.08% | 7,615 | $545K | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.08% | 5,337 | $544K | No change |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.08% | 2,748 | $543K | Reduce -0.9% |
| TDW Tidewater Inc. | 0.08% | 9,800 | $523K | No change |
| OMC Omnicom Group | 0.07% | 5,866 | $478K | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.07% | 500 | $476K | No change |
| PSX Phillips 66 | 0.07% | 3,417 | $465K | Reduce -2.6% |
| BMY Bristol-Myers Squibb Co. | 0.07% | 10,007 | $451K | Reduce -10.5% |
| LIN Linde PLC | 0.06% | 932 | $443K | Reduce -1.6% |
| FNF Fidelity National Financial | 0.06% | 6,511 | $394K | Reduce -2.7% |
| EPD Enterprise Products Partners | 0.06% | 12,390 | $387K | No change |
| LHX L3HARRIS Technologies Inc. | 0.05% | 1,123 | $343K | Reduce -8.2% |
| CSX CSX Corp. | 0.05% | 9,505 | $338K | No change |
Other holdings (19): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
Total filed on the 13F, all lines: $686.1M.
Portfolio Sells Q2 2025 → Q3 2025
| COST Costco Wholesale Corp. | Reduce -0.8% | 4.60% | −0.63 |
| HON Honeywell International Inc. | Reduce -0.7% | 2.18% | −0.38 |
| IBM Intl Business Machines Corp. | Reduce -1.0% | 2.87% | −0.33 |
| MSFT Microsoft Corp. | Reduce -0.8% | 11.91% | −0.27 |
| FRPH FRP Holdings Inc. | Reduce -11.4% | 0.54% | −0.17 |
| CB Chubb Ltd. | Reduce -1.1% | 1.75% | −0.17 |
| CSCO Cisco Systems Inc. | Reduce -1.6% | 1.87% | −0.16 |
| TXN Texas Instruments Inc. | Reduce -1.4% | 0.49% | −0.10 |
| CTVA Corteva Inc. | Reduce -2.2% | 0.53% | −0.10 |
| DOW Dow Inc. | Reduce -38.8% | 0.09% | −0.09 |
| DOV Dover Corp. | Reduce -0.9% | 0.47% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.1% | 0.56% | −0.08 |
| UNP Union Pacific Corp. | Reduce -0.9% | 2.04% | −0.08 |
| WMB Williams Cos Inc. | Reduce -0.0% | 1.54% | −0.07 |
| PFE Pfizer Inc. | Reduce -4.8% | 1.13% | −0.06 |
| TGT Target Corp. | Reduce -5.0% | 0.28% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 0.61% | −0.06 |
| AMGN Amgen Inc. | Reduce -0.9% | 0.80% | −0.04 |
| VTRS Viatris Inc. | Reduce -24.6% | 0.16% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -0.6% | 0.45% | −0.04 |
| CARR Carrier Global Corp. | Reduce -2.2% | 0.11% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -1.4% | 1.46% | −0.03 |
| BLX Bladex Inc. | Reduce -24.3% | 0.15% | −0.03 |
| DIS The Walt Disney Co. | Reduce -2.1% | 0.20% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -1.3% | 1.42% | −0.03 |
| NKE Nike Inc. Class B | Reduce -0.6% | 0.30% | −0.02 |
| SLB SLB Ltd. | Reduce -2.2% | 0.38% | −0.02 |
| DUK Duke Energy Corp. | Reduce -1.0% | 1.05% | −0.02 |
| WMT Walmart Inc. | Reduce -1.4% | 1.13% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -2.0% | 0.54% | −0.02 |
| COP Conocophillips | Reduce -0.7% | 1.62% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 1.24% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -10.5% | 0.07% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -1.1% | 0.49% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -0.4% | 0.26% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -54.5% | 0.01% | −0.01 |
| RNR Renaissancere Holdings Ltd. | Reduce -0.8% | 0.45% | −0.01 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −0.01 |
| AFL Aflac Inc. | Reduce -1.0% | 1.02% | −0.01 |
| COIN Coinbase Global Inc. Class A | Reduce -24.8% | 0.01% | −0.01 |
| F Ford Motor Co. | Reduce -6.7% | 0.18% | −0.00 |
| FDX FedEx Corp. | Reduce -7.1% | 0.05% | −0.00 |
| NVGS Navigator Holdings Ltd. | Reduce -4.8% | 0.32% | −0.00 |
| LIN Linde PLC | Reduce -1.6% | 0.06% | −0.00 |
| MTB M & T Bank Corp. | Reduce -0.9% | 0.08% | −0.00 |
| VSMAX Vangrd Mrgstr SML CP Idx-Adm | Sold out | 0.00% | −0.00 |
| LMND Lemonade Inc. | Reduce -50.0% | 0.00% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -0.7% | 1.22% | −0.00 |
| PM Philip Morris International | Reduce -51.8% | 0.00% | −0.00 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| VZ Verizon Communications Inc. | Add +12.6% | 1.16% | +0.09 |
| T AT&T Inc. | Add +15.1% | 0.89% | +0.05 |
| PEP Pepsico Inc. | Add +1.4% | 0.49% | +0.01 |
| COR Cencora Inc. | New | 0.01% | +0.01 |
| CHE Chemed Corp. | New | 0.00% | +0.00 |
| LULU Lululemon Athletica Inc. | Add +100.0% | 0.00% | +0.00 |
| MCD McDonald's Corp. | Add +2.7% | 0.04% | +0.00 |
| CAVA Cava Group Inc. | New | 0.00% | +0.00 |
| FXAIX Fidelity 500 Index Fund | Add +0.2% | 0.02% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +0.7% | 0.02% | +0.00 |
| NWN Northwest Natural Holding Co. | Add +1.2% | 0.00% | +0.00 |
| DODFX Dodge & Cox Intl STCK-I | Add +300.5% | 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 |
| POR Portland General Electric Co. | Add +1.5% | 0.00% | +0.00 |
| AM Antero Midstream Corp. | Add +1.2% | 0.00% | 0.00 |
| ABR Arbor Realty Trust Inc. | Add +2.2% | 0.00% | 0.00 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +3.5% | 0.01% | 0.00 |
| DPG Duff & Phelps Utility & Inc. | Add +1.8% | 0.00% | 0.00 |
| FGRIX Fidelity Grwth & Inc. Port | Add +6.9% | 0.01% | 0.00 |
| FRBAX JH Region Bank-A | Add +0.4% | 0.01% | 0.00 |
| HTGC Hercules Capital Inc. | Add +2.1% | 0.01% | 0.00 |
| NBXG Neuberger Next Generation Co. | Add +2.0% | 0.00% | 0.00 |
| XLB SS Materials Select Sector | Add +0.6% | 0.00% | −0.00 |
| VSBSX Vanguard S/T Trsry Indx-Adm | Add +1.1% | 0.00% | −0.00 |
| MET Metlife Inc. | Add +0.5% | 0.01% | −0.00 |
| HTO H2O America | Add +0.5% | 0.00% | −0.00 |
| PRU Prudential Financial Inc. | Add +0.7% | 0.01% | −0.00 |
| BA The Boeing Co. | Add +2.1% | 0.36% | −0.00 |
| META Meta Platforms Inc. Class A | Add +1.4% | 0.17% | −0.01 |
| V Visa Inc. Class A | Add +0.5% | 0.21% | −0.02 |
| KMI Kinder Morgan Inc. | Add +0.0% | 0.25% | −0.02 |
| SYK Stryker Corp. | Add +1.6% | 0.37% | −0.04 |
| AMZN Amazon.com Inc. | Add +0.1% | 0.91% | −0.05 |
Notes & Other Activity Q2 2025 → Q3 2025
| FIRST HORIZON CORP (FHN V6.6 PERP C) | PREFERR | Reduce -1.2% | 25,431 | $645K |
| CHARLES SCHWAB CORP (SCHW 5.95 PERP D) | Common Stock | Add +28.4% | 11,300 | $283K |
| FORD MOTOR COMPANY (F 6.2 06/01/59) | NTS DUE 01/06/2059 USD | Reduce -1.9% | 10,400 | $233K |
| BANK OF AMERICA CORP (BAC 5.375 PERP KK) | PFD | New | 4,000 | $91K |
| FORD MOTOR COMPANY (F 6 12/01/59) | PREFERR | New | 3,000 | $66K |
| BANK OF AMERICA CORP (BAC 5.875 PERP HH) | Common Stock | New | 2,000 | $50K |
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 |