Great Lakes Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Great Lakes Advisors, LLC reported 806 stock positions worth $11.9 billion. Its top holding was JPMorgan Chase (JPM) at 2.7% of the portfolio, followed by Microsoft (MSFT, 2.0%) and Amazon.com (AMZN, 1.9%). Compared with Q1 2025, it opened 96 new positions, sold out of 81, added to 216 and reduced 467. The biggest buy was Amazon.com (AMZN, shares +147%) and the biggest sale Caterpillar (CAT, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001078013
- Portfolio Value
- $11.9B (Q2 2025)
- SEC Filing
- 0001078013-25-000005 ↗ filed Aug 11, 2025
Holdings Value
Holdings 806 stocks · $11.9B
| JPM JPMorgan Chase & Co. | 2.72% | 1,118,557 | $324.3M | Reduce -7.8% |
| MSFT Microsoft Corp. | 1.98% | 473,718 | $235.6M | Add +0.6% |
| AMZN Amazon.com Inc. | 1.87% | 1,018,637 | $223.5M | Add +147.1% |
| NVDA Nvidia Corp. | 1.71% | 1,294,073 | $204.5M | Add +6.7% |
| BSX Boston Scientific Corp. | 1.67% | 1,859,865 | $199.8M | Reduce -10.1% |
| GOOGL Alphabet Inc. Class A | 1.62% | 1,096,627 | $193.3M | Add +38.9% |
| WFC Wells Fargo & Co. | 1.53% | 2,281,711 | $182.8M | Reduce -1.5% |
| ABT Abbott Laboratories | 1.48% | 1,294,178 | $176.0M | Add +4.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.46% | 3,679,817 | $174.1M | Reduce -2.8% |
| META Meta Platforms Inc. Class A | 1.44% | 232,184 | $171.4M | Reduce -0.3% |
| AVGO Broadcom Inc. | 1.44% | 621,413 | $171.3M | Add +4.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.42% | 1,367,060 | $169.2M | Reduce -4.1% |
| BLK BlackRock Inc. | 1.41% | 159,996 | $167.9M | Reduce -2.3% |
| XOM Exxon Mobil Corp. | 1.27% | 1,452,612 | $152.0M | Reduce -1.9% |
| ICE Intercontinental Exchange Inc. | 1.27% | 825,807 | $151.5M | Reduce -1.5% |
| RTX RTX Corp. | 1.26% | 1,032,451 | $150.8M | Reduce -1.3% |
| PH Parker Hannifin Corp. | 1.20% | 205,150 | $143.3M | Reduce -1.8% |
| HIG Hartford Insurance Group Inc. | 1.16% | 1,091,766 | $138.5M | Reduce -5.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.11% | 273,553 | $132.9M | Reduce -1.8% |
| MRK Merck & Co. Inc. | 1.10% | 1,655,535 | $131.1M | Add +43.3% |
| GS Goldman Sachs Group Inc. | 1.04% | 175,463 | $124.2M | Add +7.5% |
| ABBV Abbvie Inc. | 0.95% | 611,182 | $113.4M | Reduce -28.1% |
| LOW Lowe's Cos Inc. | 0.95% | 509,456 | $113.0M | Add +10.9% |
| GILD Gilead Sciences Inc. | 0.94% | 1,012,499 | $112.3M | Reduce -1.5% |
| AXP American Express Co. | 0.93% | 346,854 | $110.6M | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.91% | 347,635 | $108.5M | Reduce -1.5% |
| RNR Renaissancere Holdings Ltd. | 0.89% | 436,980 | $106.1M | Add +33.9% |
| COR Cencora Inc. | 0.87% | 432,489 | $104.3M | Add +15.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.86% | 830,067 | $102.5M | Add +14.1% |
| MLM Martin Marietta Materials | 0.85% | 184,931 | $101.5M | Add +0.4% |
| PWR Quanta Services Inc. | 0.85% | 267,517 | $101.1M | Reduce -29.5% |
| AMT American Tower Corp. | 0.84% | 452,841 | $100.1M | Reduce -2.3% |
| CSCO Cisco Systems Inc. | 0.83% | 1,484,474 | $99.3M | Reduce -3.6% |
| MDLZ Mondelez International Inc. Class A | 0.81% | 1,433,664 | $96.7M | Add +1.4% |
| DUK Duke Energy Corp. | 0.81% | 839,312 | $96.5M | Reduce -8.3% |
| FOXA Fox Corp. Class A | 0.80% | 1,720,233 | $95.2M | Reduce -0.8% |
| MU Micron Technology Inc. | 0.80% | 770,508 | $95.0M | Reduce -4.1% |
| ROK Rockwell Automation Inc. | 0.79% | 283,933 | $94.3M | Reduce -0.9% |
| AAPL Apple Inc. | 0.79% | 457,461 | $93.9M | Reduce -5.5% |
| LMGNX Clearbridge Intl Grwth-I filed as Legg Mason Global Asset Manage | 0.78% | 1,224,901 | $92.7M | Add +2.1% |
| COP Conocophillips | 0.75% | 991,831 | $89.8M | Reduce -8.3% |
| MSI Motorola Solutions Inc. | 0.74% | 211,158 | $88.8M | Reduce -0.9% |
| GLIFX Lazard GLBL LSTD Infra-Inst | 0.74% | 4,937,806 | $88.7M | Add +2.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.73% | 2,575,808 | $87.1M | Reduce -1.1% |
| CSX CSX Corp. | 0.73% | 2,521,426 | $87.0M | Reduce -7.5% |
| CEMIX Causeway Emerging MKTS-Inst | 0.73% | 6,827,105 | $86.6M | Add +57.0% |
| GEV GE Vernova Inc. | 0.73% | 163,643 | $86.6M | Add +154.8% |
| IVV iShares Core S&P 500 ETF | 0.72% | 138,573 | $86.0M | Add +6.5% |
| CIVIX Causeway Intl Val-Inst | 0.72% | 3,797,743 | $85.4M | Add +0.0% |
| PEP Pepsico Inc. | 0.70% | 631,487 | $83.4M | Reduce -2.5% |
| TMO Thermo Fisher Scientific Inc. | 0.70% | 205,325 | $83.3M | Reduce -1.4% |
| DAL Delta Air Lines Inc. | 0.68% | 1,632,069 | $81.7M | Reduce -8.3% |
| C Citigroup Inc. | 0.67% | 941,002 | $80.1M | Reduce -1.3% |
| APD Air Products & Chemicals Inc. | 0.67% | 283,597 | $80.0M | Reduce -2.3% |
| PLD Prologis Inc. | 0.63% | 710,014 | $74.6M | Reduce -1.8% |
| CAMWX Cambiar Opportunity-Inst | 0.62% | 2,610,266 | $74.2M | Add +8.1% |
| GM General Motors Co. | 0.62% | 1,495,522 | $73.6M | Reduce -4.0% |
| DD Dupont DE Nemours Inc. | 0.61% | 1,031,607 | $72.7M | Add +11.3% |
| CMCSA Comcast Corp. Class A | 0.61% | 1,896,874 | $72.3M | Reduce -2.8% |
| ORCL Oracle Corp. | 0.58% | 317,396 | $69.4M | Reduce -19.6% |
| TXT Textron Inc. | 0.58% | 860,504 | $69.1M | Reduce -0.5% |
| HON Honeywell International Inc. | 0.57% | 293,040 | $68.2M | Add +0.9% |
| FCX Freeport-McMoran Inc. | 0.56% | 1,435,973 | $66.2M | Reduce -7.3% |
| TRV The Travelers Cos Inc. | 0.48% | 215,630 | $57.7M | Add +0.3% |
| NEE Nextera Energy Inc. | 0.48% | 817,416 | $56.7M | Add +19.0% |
| STT State Street Corp. | 0.45% | 507,178 | $53.9M | Add +5.8% |
| DRI Darden Restaurants Inc. | 0.43% | 338,761 | $51.4M | Add +46.3% |
| PG The Procter & Gamble Co. | 0.43% | 318,421 | $50.7M | Reduce -15.7% |
| PM Philip Morris International | 0.42% | 276,862 | $50.4M | Reduce -1.8% |
| CARR Carrier Global Corp. | 0.42% | 688,697 | $50.4M | Add +0.4% |
| MCK McKesson Corp. | 0.42% | 68,492 | $50.2M | Reduce -1.9% |
| SPGI S&P Global Inc. | 0.40% | 89,871 | $47.4M | Reduce -1.0% |
| CNH CNH Industrial NV | 0.38% | 3,510,355 | $45.5M | Add +26.0% |
| EMR Emerson Electric Co. | 0.37% | 327,225 | $43.6M | Add +2.9% |
| SHEL Shell PLC-ADR | 0.35% | 593,888 | $41.8M | Add +17.5% |
| EXE Expand Energy Corp. | 0.35% | 362,157 | $41.6M | Add +43.4% |
| PRU Prudential Financial Inc. | 0.35% | 386,751 | $41.6M | Reduce -15.8% |
| GOOG Alphabet Inc. Class C | 0.35% | 234,120 | $41.5M | Reduce -1.5% |
| VZ Verizon Communications Inc. | 0.34% | 942,112 | $40.8M | Reduce -0.0% |
| PYPL PayPal Holdings Inc. | 0.34% | 539,653 | $40.1M | Reduce -3.8% |
| PEG Public Service Enterprise GP | 0.34% | 475,441 | $40.0M | Reduce -1.6% |
| CB Chubb Ltd. | 0.34% | 137,968 | $40.0M | Reduce -0.8% |
| PSA Public Storage | 0.33% | 135,467 | $39.7M | Add +0.3% |
| BKNG Booking Holdings Inc. | 0.33% | 6,801 | $39.4M | Reduce -1.9% |
| BDX Becton Dickinson and Co. | 0.32% | 221,514 | $38.2M | Reduce -4.2% |
| EOG EOG Resources Inc. | 0.32% | 335,856 | $38.0M | Reduce -0.4% |
| SSNC Ss&c Technologies Holdings | 0.30% | 426,668 | $35.3M | Reduce -2.2% |
| OC Owens Corning | 0.29% | 255,696 | $35.2M | Reduce -0.1% |
| SMOT Vaneck Morningstar Smid Moat | 0.29% | 998,750 | $34.8M | Add +7.0% |
| CMI Cummins Inc. | 0.28% | 103,251 | $33.8M | Reduce -1.6% |
| GE General Electric filed as GE AEROSPACE | 0.28% | 130,594 | $33.6M | Reduce -30.8% |
| BWA Borgwarner Inc. | 0.28% | 998,836 | $33.4M | Reduce -19.6% |
| AMGN Amgen Inc. | 0.28% | 117,488 | $32.8M | Reduce -0.9% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.25% | 1,454,571 | $30.2M | Reduce -6.3% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.25% | 521,500 | $30.1M | Add +83.5% |
| MA Mastercard Inc. Class A | 0.25% | 52,415 | $29.5M | Add +24.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 351,770 | $29.4M | Add +1.4% |
| NFLX Netflix Inc. | 0.25% | 21,927 | $29.4M | Reduce -4.0% |
| JERIX Janus Hndrsn GLBL RL Est-I | 0.24% | 2,422,032 | $29.1M | Add +1.4% |
| CVX Chevron Corp. | 0.24% | 199,163 | $28.5M | Reduce -4.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| Citigroup Inc | ADR · principal | 1,000,000 | $1.0M | New |
Total filed on the 13F, all lines: $11.9B.
Portfolio Sells Q1 2025 → Q2 2025
| CAT Caterpillar Inc. | Reduce -85.9% | 0.12% | −0.75 |
| UNH Unitedhealth Group Inc. | Reduce -1.5% | 0.91% | −0.73 |
| ABBV Abbvie Inc. | Reduce -28.1% | 0.95% | −0.64 |
| JNJ Johnson & Johnson | Reduce -87.2% | 0.03% | −0.35 |
| HLMRX Hrdng LVNR Intl SM Co.-Inst | Reduce -69.5% | 0.16% | −0.32 |
| TSN Tyson Foods Inc. Class A | Reduce -54.6% | 0.18% | −0.30 |
| XOM Exxon Mobil Corp. | Reduce -1.9% | 1.27% | −0.29 |
| COP Conocophillips | Reduce -8.3% | 0.75% | −0.26 |
| SLB SLB Ltd. | Reduce -1.1% | 0.73% | −0.23 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.4% | 0.70% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.8% | 1.11% | −0.21 |
| BSX Boston Scientific Corp. | Reduce -10.1% | 1.67% | −0.19 |
| DUK Duke Energy Corp. | Reduce -8.3% | 0.81% | −0.19 |
| PNC PNC Financial Services Group | Reduce -89.2% | 0.02% | −0.18 |
| AAPL Apple Inc. | Reduce -5.5% | 0.79% | −0.17 |
| PEP Pepsico Inc. | Reduce -2.5% | 0.70% | −0.17 |
| AMG Affiliated Managers Group | Sold out | 0.00% | −0.16 |
| BDX Becton Dickinson and Co. | Reduce -4.2% | 0.32% | −0.15 |
| EVR Evercore Inc. Class A | Reduce -98.2% | 0.00% | −0.15 |
| PG The Procter & Gamble Co. | Reduce -15.7% | 0.43% | −0.15 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.13 |
| HIG Hartford Insurance Group Inc. | Reduce -5.7% | 1.16% | −0.12 |
| SW Smurfit Westrock PLC | Sold out | 0.00% | −0.12 |
| PRU Prudential Financial Inc. | Reduce -15.8% | 0.35% | −0.11 |
| PARAA Paramount Global Class B | Reduce -74.4% | 0.04% | −0.10 |
| NCLH Norwegian Cruise Line Holdin | Reduce -96.0% | 0.00% | −0.10 |
| PLD Prologis Inc. | Reduce -1.8% | 0.63% | −0.09 |
| GKOS Glaukos Corp. | Sold out | 0.00% | −0.09 |
| APD Air Products & Chemicals Inc. | Reduce -2.3% | 0.67% | −0.09 |
| ELAN Elanco Animal Health Inc. | Sold out | 0.00% | −0.09 |
| MSI Motorola Solutions Inc. | Reduce -0.9% | 0.74% | −0.09 |
| NTNX Nutanix Inc. Class A | Reduce -94.3% | 0.01% | −0.09 |
| GILD Gilead Sciences Inc. | Reduce -1.5% | 0.94% | −0.09 |
| TOST Toast Inc. Class A | Reduce -55.1% | 0.11% | −0.08 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.08 |
| ALK Alaska Air Group Inc. | Reduce -81.3% | 0.02% | −0.08 |
| ARR Armour Residential REIT Inc. | Sold out | 0.00% | −0.08 |
| PIPR Piper Sandler Cos | Sold out | 0.00% | −0.08 |
| FOXA Fox Corp. Class A | Reduce -0.8% | 0.80% | −0.08 |
| EEFT Euronet Worldwide Inc. | Reduce -69.3% | 0.03% | −0.07 |
| CFLT Confluent Inc. Class A | Reduce -50.9% | 0.07% | −0.07 |
| CVX Chevron Corp. | Reduce -4.0% | 0.24% | −0.07 |
| FLR Fluor Corp. | Reduce -95.9% | 0.00% | −0.07 |
| AMT American Tower Corp. | Reduce -2.3% | 0.84% | −0.06 |
| EOG EOG Resources Inc. | Reduce -0.4% | 0.32% | −0.06 |
| KBH KB Home | Reduce -57.5% | 0.04% | −0.06 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.06 |
| ECL Ecolab Inc. | Reduce -45.5% | 0.07% | −0.06 |
| HCMLY Holcim Ltd.-Uns ADR | Reduce -29.5% | 0.19% | −0.06 |
| CBT Cabot Corp. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | Add +147.1% | 1.87% | +1.17 |
| GEV GE Vernova Inc. | Add +154.8% | 0.73% | +0.54 |
| NVDA Nvidia Corp. | Add +6.7% | 1.71% | +0.54 |
| AVGO Broadcom Inc. | Add +4.1% | 1.44% | +0.53 |
| GOOGL Alphabet Inc. Class A | Add +38.9% | 1.62% | +0.53 |
| MSFT Microsoft Corp. | Add +0.6% | 1.98% | +0.39 |
| CEMIX Causeway Emerging MKTS-Inst | Add +57.0% | 0.73% | +0.30 |
| GS Goldman Sachs Group Inc. | Add +7.5% | 1.04% | +0.24 |
| STRL Sterling Infrastructure Inc. | Add +347.6% | 0.23% | +0.20 |
| RNR Renaissancere Holdings Ltd. | Add +33.9% | 0.89% | +0.19 |
| MRK Merck & Co. Inc. | Add +43.3% | 1.10% | +0.17 |
| SMTC Semtech Corp. | New | 0.16% | +0.16 |
| UBS UBS Group AG-Reg | Add +746.8% | 0.18% | +0.16 |
| ACGL Arch Capital Group Ltd. | Add +4928.4% | 0.16% | +0.16 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +83.5% | 0.25% | +0.14 |
| IONS Ionis Pharmaceuticals Inc. | New | 0.13% | +0.13 |
| ACM Aecom | Add +5479.8% | 0.12% | +0.12 |
| HSIC Henry Schein Inc. | Add +277.5% | 0.15% | +0.11 |
| DBX Dropbox Inc. Class A | New | 0.11% | +0.11 |
| SCZ iShares MSCI Eafe Small-Cap | Add +145.1% | 0.17% | +0.11 |
| SKM SK Telecom Co. Ltd.-Spon ADR | Add +83.7% | 0.21% | +0.10 |
| EXE Expand Energy Corp. | Add +43.4% | 0.35% | +0.10 |
| GVA Granite Construction Inc. | New | 0.10% | +0.10 |
| ECHO Echostar Corp. Class A | New | 0.10% | +0.10 |
| WWW Wolverine World Wide Inc. | New | 0.09% | +0.09 |
| DRS Leonardo DRS Inc. | New | 0.09% | +0.09 |
| U Unity Software Inc. | New | 0.09% | +0.09 |
| LMB Limbach Holdings Inc. | New | 0.09% | +0.09 |
| AFRM Affirm Holdings Inc. | New | 0.09% | +0.09 |
| SU Suncor Energy Inc. | Add +81.0% | 0.21% | +0.08 |
| ITGR Integer Holdings Corp. | Add +213.9% | 0.12% | +0.08 |
| MO Altria Group Inc. | Add +1231.3% | 0.08% | +0.08 |
| OZK Bank Ozk | Add +144.1% | 0.13% | +0.08 |
| CNH CNH Industrial NV | Add +26.0% | 0.38% | +0.08 |
| SPEM State Street SP PTF Em ETF | Add +43.2% | 0.23% | +0.07 |
| DKS Dick's Sporting Goods Inc. | Add +275.8% | 0.12% | +0.07 |
| ZBRA Zebra Technologies Corp. Class A | Add +536800.0% | 0.07% | +0.07 |
| STT State Street Corp. | Add +5.8% | 0.45% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +6.5% | 0.72% | +0.07 |
| TJX TJX Companies Inc. | Add +14.1% | 0.86% | +0.06 |
| MTZ Mastec Inc. | Add +15.7% | 0.17% | +0.06 |
| BKSY Blacksky Technology Inc. | New | 0.06% | +0.06 |
| COHR Coherent Corp. | Add +26.8% | 0.16% | +0.06 |
| MLM Martin Marietta Materials | Add +0.4% | 0.85% | +0.06 |
| STRA Strategic Education Inc. | New | 0.05% | +0.05 |
| DVAX Dynavax Technologies Corp. | New | 0.05% | +0.05 |
| EMR Emerson Electric Co. | Add +2.9% | 0.37% | +0.05 |
| ABEV Ambev SA-ADR | Add +55.1% | 0.16% | +0.05 |
| ACAD Acadia Pharmaceuticals Inc. | Add +28.6% | 0.14% | +0.05 |
| LMGNX Clearbridge Intl Grwth-I | Add +2.1% | 0.78% | +0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| Citigroup Inc | ADR · principal | New | 1,000,000 | $1.0M |
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 | 824 | $13.1B | AMZN, AAPL, MSFT, JPM, GOOGL |
| Q1 2026 | 791 | $12.1B | GOOGL, JPM, XOM, AMZN, RTX |
| Q4 2025 | 797 | $12.3B | GOOGL, JPM, AMZN, MSFT, WFC |
| Q3 2025 | 793 | $12.0B | JPM, GOOGL, AMZN, MSFT, NVDA |
| Q2 2025 | 806 | $11.9B | JPM, MSFT, AMZN, NVDA, BSX |
| Q1 2025 | 791 | $11.2B | JPM, BSX, UNH, ABBV, MSFT |
| Q4 2024 | 813 | $11.7B | JPM, MSFT, BSX, UNH, BLK |
| Q3 2024 | 831 | $11.9B | JPM, MSFT, UNH, XOM, BSX |
| Q2 2024 | 832 | $11.3B | MSFT, JPM, XOM, BSX, UNH |
| Q1 2024 | 802 | $11.8B | MSFT, JPM, XOM, MRK, DIS |