Great Lakes Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Great Lakes Advisors, LLC reported 793 stock positions worth $12.0 billion. Its top holding was JPMorgan Chase (JPM) at 2.9% of the portfolio, followed by Alphabet Class A (GOOGL, 2.3%) and Amazon.com (AMZN, 2.3%). Compared with Q2 2025, it opened 76 new positions, sold out of 88, added to 187 and reduced 485. The biggest buy was Boeing (BA, shares +25532%) and the biggest sale Cambiar Opportunity-Inst (CAMWX, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001078013
- Portfolio Value
- $12.0B (Q3 2025)
- SEC Filing
- 0001078013-25-000008 ↗ filed Nov 3, 2025
Holdings Value
Holdings 793 stocks · $12.0B
| JPM JPMorgan Chase & Co. | 2.88% | 1,095,647 | $345.6M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 2.30% | 1,135,019 | $275.9M | Add +3.5% |
| AMZN Amazon.com Inc. | 2.28% | 1,242,009 | $272.7M | Add +21.9% |
| MSFT Microsoft Corp. | 2.03% | 469,821 | $243.3M | Reduce -0.8% |
| NVDA Nvidia Corp. | 1.63% | 1,046,946 | $195.3M | Reduce -19.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.59% | 3,685,227 | $190.1M | Add +0.1% |
| WFC Wells Fargo & Co. | 1.58% | 2,251,186 | $188.7M | Reduce -1.3% |
| BLK BlackRock Inc. | 1.53% | 157,709 | $183.9M | Reduce -1.4% |
| ABT Abbott Laboratories | 1.50% | 1,342,628 | $179.8M | Add +3.7% |
| BSX Boston Scientific Corp. | 1.49% | 1,834,401 | $179.1M | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.49% | 1,563,501 | $179.0M | Add +14.4% |
| AVGO Broadcom Inc. | 1.45% | 526,626 | $173.7M | Reduce -15.3% |
| META Meta Platforms Inc. Class A | 1.39% | 225,993 | $166.0M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 1.36% | 1,444,241 | $162.8M | Reduce -0.6% |
| RTX RTX Corp. | 1.35% | 966,552 | $161.7M | Reduce -6.4% |
| PH Parker Hannifin Corp. | 1.24% | 195,617 | $148.3M | Reduce -4.7% |
| HIG Hartford Insurance Group Inc. | 1.20% | 1,077,248 | $143.7M | Reduce -1.3% |
| ABBV Abbvie Inc. | 1.17% | 604,409 | $139.9M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 1.15% | 1,637,843 | $137.5M | Reduce -1.1% |
| ICE Intercontinental Exchange Inc. | 1.15% | 815,772 | $137.4M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.13% | 268,328 | $134.9M | Reduce -1.9% |
| GS Goldman Sachs Group Inc. | 1.13% | 169,324 | $134.8M | Reduce -3.5% |
| MU Micron Technology Inc. | 1.08% | 771,839 | $129.1M | Add +0.2% |
| LOW Lowe's Cos Inc. | 1.07% | 508,650 | $127.8M | Reduce -0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.04% | 864,309 | $124.9M | Add +4.1% |
| RNR Renaissancere Holdings Ltd. | 1.04% | 490,283 | $124.5M | Add +12.2% |
| MLM Martin Marietta Materials | 0.97% | 184,460 | $116.3M | Reduce -0.3% |
| CSX CSX Corp. | 0.96% | 3,242,607 | $115.1M | Add +28.6% |
| AXP American Express Co. | 0.95% | 341,108 | $113.3M | Reduce -1.7% |
| GILD Gilead Sciences Inc. | 0.94% | 1,012,816 | $112.4M | Add +0.0% |
| AAPL Apple Inc. | 0.93% | 436,851 | $111.2M | Reduce -4.5% |
| FOXA Fox Corp. Class A | 0.90% | 1,703,883 | $107.4M | Reduce -0.9% |
| PWR Quanta Services Inc. | 0.90% | 259,065 | $107.4M | Reduce -3.2% |
| COR Cencora Inc. | 0.89% | 342,407 | $107.0M | Reduce -20.8% |
| DUK Duke Energy Corp. | 0.86% | 831,275 | $102.9M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 0.86% | 1,499,936 | $102.6M | Add +1.0% |
| COP Conocophillips | 0.83% | 1,047,732 | $99.1M | Add +5.6% |
| LMGNX Clearbridge Intl Grwth-I filed as Legg Mason Global Asset Manage | 0.82% | 1,250,502 | $98.7M | Add +2.1% |
| ROK Rockwell Automation Inc. | 0.82% | 281,678 | $98.5M | Reduce -0.8% |
| DAL Delta Air Lines Inc. | 0.82% | 1,732,220 | $98.3M | Add +6.1% |
| TMO Thermo Fisher Scientific Inc. | 0.82% | 202,384 | $98.2M | Reduce -1.4% |
| CEMIX Causeway Emerging MKTS-Inst | 0.80% | 6,897,947 | $96.2M | Add +1.0% |
| MSI Motorola Solutions Inc. | 0.80% | 209,927 | $96.0M | Reduce -0.6% |
| IVV iShares Core S&P 500 ETF | 0.79% | 140,586 | $94.1M | Add +1.4% |
| BA The Boeing Co. | 0.77% | 424,983 | $91.7M | Add +25532.3% |
| CIVIX Causeway Intl Val-Inst | 0.76% | 3,834,038 | $91.5M | Add +1.0% |
| GLIFX Lazard GLBL LSTD Infra-Inst | 0.76% | 5,218,472 | $91.2M | Add +5.7% |
| GM General Motors Co. | 0.76% | 1,490,570 | $90.9M | Reduce -0.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.73% | 2,544,005 | $87.4M | Reduce -1.2% |
| PEP Pepsico Inc. | 0.73% | 621,629 | $87.3M | Reduce -1.6% |
| MDLZ Mondelez International Inc. Class A | 0.72% | 1,387,405 | $86.7M | Reduce -3.2% |
| AMT American Tower Corp. | 0.71% | 443,482 | $85.3M | Reduce -2.1% |
| DD Dupont DE Nemours Inc. | 0.67% | 1,032,350 | $80.4M | Add +0.1% |
| PLD Prologis Inc. | 0.67% | 696,820 | $79.8M | Reduce -1.9% |
| PYODX Victory Pioneer Fund-Y | 0.66% | 1,676,149 | $79.6M | New |
| C Citigroup Inc. | 0.65% | 771,554 | $78.3M | Reduce -18.0% |
| UNH Unitedhealth Group Inc. | 0.62% | 214,769 | $74.2M | Reduce -38.2% |
| GEV GE Vernova Inc. | 0.62% | 120,025 | $73.8M | Reduce -26.6% |
| TXT Textron Inc. | 0.60% | 848,797 | $71.7M | Reduce -1.4% |
| HGER Harbor Commodity All Weather | 0.54% | 2,502,453 | $64.6M | Add +115.8% |
| FCX Freeport-McMoran Inc. | 0.51% | 1,551,258 | $60.8M | Add +8.0% |
| TRV The Travelers Cos Inc. | 0.50% | 212,792 | $59.4M | Reduce -1.3% |
| NEE Nextera Energy Inc. | 0.50% | 786,379 | $59.4M | Reduce -3.8% |
| CMCSA Comcast Corp. Class A | 0.50% | 1,888,146 | $59.3M | Reduce -0.5% |
| STT State Street Corp. | 0.48% | 500,861 | $58.1M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 0.46% | 225,530 | $54.9M | Reduce -3.7% |
| MCK McKesson Corp. | 0.44% | 68,135 | $52.6M | Reduce -0.5% |
| ORCL Oracle Corp. | 0.44% | 185,901 | $52.3M | Reduce -41.4% |
| APD Air Products & Chemicals Inc. | 0.42% | 186,250 | $50.8M | Reduce -34.3% |
| BWA Borgwarner Inc. | 0.40% | 1,093,306 | $48.1M | Add +9.5% |
| PG The Procter & Gamble Co. | 0.40% | 309,427 | $47.5M | Reduce -2.8% |
| PM Philip Morris International | 0.37% | 274,884 | $44.6M | Reduce -0.7% |
| DRI Darden Restaurants Inc. | 0.36% | 227,577 | $43.3M | Reduce -32.8% |
| CMI Cummins Inc. | 0.36% | 102,100 | $43.1M | Reduce -1.1% |
| SPGI S&P Global Inc. | 0.36% | 88,487 | $43.1M | Reduce -1.5% |
| SHEL Shell PLC-ADR | 0.36% | 596,972 | $42.7M | Add +0.5% |
| VZ Verizon Communications Inc. | 0.36% | 970,008 | $42.6M | Add +3.0% |
| EMR Emerson Electric Co. | 0.35% | 319,913 | $42.0M | Reduce -2.2% |
| BDX Becton Dickinson and Co. | 0.34% | 218,800 | $41.0M | Reduce -1.2% |
| CARR Carrier Global Corp. | 0.34% | 678,497 | $40.5M | Reduce -1.5% |
| PEG Public Service Enterprise GP | 0.33% | 471,493 | $39.4M | Reduce -0.8% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 129,919 | $39.1M | Reduce -0.5% |
| SMOT Vaneck Morningstar Smid Moat | 0.32% | 1,073,573 | $38.7M | Add +7.5% |
| PSA Public Storage | 0.32% | 133,744 | $38.6M | Reduce -1.3% |
| CB Chubb Ltd. | 0.32% | 135,249 | $38.2M | Reduce -2.0% |
| CNH CNH Industrial NV | 0.32% | 3,501,536 | $38.0M | Reduce -0.3% |
| ACGL Arch Capital Group Ltd. | 0.32% | 418,320 | $38.0M | Add +99.1% |
| SSNC Ss&c Technologies Holdings | 0.31% | 420,898 | $37.4M | Reduce -1.4% |
| EOG EOG Resources Inc. | 0.31% | 331,962 | $37.2M | Reduce -1.2% |
| BKNG Booking Holdings Inc. | 0.30% | 6,741 | $36.4M | Reduce -0.9% |
| OC Owens Corning | 0.30% | 252,196 | $35.7M | Reduce -1.4% |
| PYPL PayPal Holdings Inc. | 0.30% | 528,045 | $35.4M | Reduce -2.1% |
| EXE Expand Energy Corp. | 0.28% | 318,797 | $33.9M | Reduce -12.0% |
| AMGN Amgen Inc. | 0.27% | 115,190 | $32.5M | Reduce -2.0% |
| SPEM State Street SP PTF Em ETF | 0.27% | 691,517 | $32.4M | Add +8.3% |
| OTIS Otis Worldwide Corp. | 0.27% | 353,178 | $32.3M | Add +12108.0% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.26% | 525,845 | $31.7M | Add +0.8% |
| JERIX Janus Hndrsn GLBL RL Est-I | 0.26% | 2,575,425 | $31.7M | Add +6.3% |
| CVX Chevron Corp. | 0.26% | 202,288 | $31.4M | Add +1.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.26% | 355,736 | $31.1M | Add +1.1% |
Lines left out (1) · $16 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| VOO Vanguard S&P 500 ETF | S&P 500 ETF SHS | 0 | $16 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $12.0B.
Portfolio Sells Q2 2025 → Q3 2025
| CAMWX Cambiar Opportunity-Inst | Reduce -97.8% | 0.01% | −0.61 |
| HON Honeywell International Inc. | Reduce -96.9% | 0.02% | −0.56 |
| UNH Unitedhealth Group Inc. | Reduce -38.2% | 0.62% | −0.29 |
| BCI Abrdn Bloomberg All Commodit | Sold out | 0.00% | −0.25 |
| APD Air Products & Chemicals Inc. | Reduce -34.3% | 0.42% | −0.25 |
| PSX Phillips 66 | Reduce -83.0% | 0.05% | −0.19 |
| BSX Boston Scientific Corp. | Reduce -1.4% | 1.49% | −0.18 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −0.15 |
| ORCL Oracle Corp. | Reduce -41.4% | 0.44% | −0.15 |
| PRU Prudential Financial Inc. | Reduce -36.0% | 0.21% | −0.13 |
| NRG NRG Energy Inc. | Reduce -97.5% | 0.00% | −0.13 |
| AMT American Tower Corp. | Reduce -2.1% | 0.71% | −0.13 |
| SFM Sprouts Farmers Market Inc. | Reduce -49.6% | 0.06% | −0.12 |
| ICE Intercontinental Exchange Inc. | Reduce -1.2% | 1.15% | −0.12 |
| MASI Masimo Corp. | Reduce -98.3% | 0.00% | −0.11 |
| CMCSA Comcast Corp. Class A | Reduce -0.5% | 0.50% | −0.11 |
| GEV GE Vernova Inc. | Reduce -26.6% | 0.62% | −0.11 |
| ZG Zillow Group Inc. Class A | Reduce -96.7% | 0.00% | −0.11 |
| RGLD Royal Gold Inc. | Reduce -97.9% | 0.00% | −0.10 |
| GL Globe Life Inc. | Reduce -58.3% | 0.09% | −0.10 |
| TOST Toast Inc. Class A | Reduce -90.3% | 0.01% | −0.10 |
| VNO Vornado Realty Trust | Sold out | 0.00% | −0.10 |
| USFD US Foods Holding Corp. | Reduce -49.5% | 0.10% | −0.10 |
| ITGR Integer Holdings Corp. | Reduce -72.5% | 0.03% | −0.09 |
| LIVN Livanova PLC | Sold out | 0.00% | −0.09 |
| WHD Cactus Inc. Class A | Sold out | 0.00% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -37.4% | 0.12% | −0.09 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.2% | 0.72% | −0.09 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.09 |
| JLL Jones Lang Lasalle Inc. | Reduce -96.2% | 0.00% | −0.09 |
| MMSI Merit Medical Systems Inc. | Reduce -96.0% | 0.00% | −0.09 |
| CARR Carrier Global Corp. | Reduce -1.5% | 0.34% | −0.08 |
| NVDA Nvidia Corp. | Reduce -19.1% | 1.63% | −0.08 |
| ACIW Aci Worldwide Inc. | Reduce -94.7% | 0.01% | −0.08 |
| EHC Encompass Health Corp. | Reduce -40.3% | 0.13% | −0.08 |
| CRM Salesforce Inc. | Reduce -82.2% | 0.01% | −0.08 |
| TNL Travel + Leisure Co. | Reduce -72.5% | 0.04% | −0.08 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.08 |
| HCMLY Holcim Ltd.-Uns ADR | Reduce -13.7% | 0.11% | −0.08 |
| DKS Dick's Sporting Goods Inc. | Reduce -76.8% | 0.04% | −0.07 |
| EWBC East West Bancorp Inc. | Reduce -60.7% | 0.05% | −0.07 |
| CCK Crown Holdings Inc. | Reduce -58.8% | 0.04% | −0.07 |
| DRI Darden Restaurants Inc. | Reduce -32.8% | 0.36% | −0.07 |
| ADBE Adobe Inc. | Reduce -91.1% | 0.01% | −0.07 |
| BKH Black Hills Corp. | Sold out | 0.00% | −0.07 |
| CMA Comerica Inc. | Reduce -56.6% | 0.07% | −0.07 |
| EXE Expand Energy Corp. | Reduce -12.0% | 0.28% | −0.07 |
| CNH CNH Industrial NV | Reduce -0.3% | 0.32% | −0.06 |
| ACAD Acadia Pharmaceuticals Inc. | Reduce -42.3% | 0.08% | −0.06 |
| COHR Coherent Corp. | Reduce -47.3% | 0.10% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| BA The Boeing Co. | Add +25532.3% | 0.77% | +0.76 |
| GOOGL Alphabet Inc. Class A | Add +3.5% | 2.30% | +0.68 |
| PYODX Victory Pioneer Fund-Y | New | 0.66% | +0.66 |
| AMZN Amazon.com Inc. | Add +21.9% | 2.28% | +0.40 |
| HGER Harbor Commodity All Weather | Add +115.8% | 0.54% | +0.30 |
| MU Micron Technology Inc. | Add +0.2% | 1.08% | +0.28 |
| OTIS Otis Worldwide Corp. | Add +12108.0% | 0.27% | +0.27 |
| CSX CSX Corp. | Add +28.6% | 0.96% | +0.23 |
| SSNHZ Samsung Electr-GDR Reg S | New | 0.20% | +0.20 |
| TJX TJX Companies Inc. | Add +4.1% | 1.04% | +0.18 |
| ACGL Arch Capital Group Ltd. | Add +99.1% | 0.32% | +0.16 |
| RNR Renaissancere Holdings Ltd. | Add +12.2% | 1.04% | +0.15 |
| DAL Delta Air Lines Inc. | Add +6.1% | 0.82% | +0.14 |
| BAC Bank of America Corp. | Add +0.1% | 1.59% | +0.13 |
| BWA Borgwarner Inc. | Add +9.5% | 0.40% | +0.12 |
| NEM Newmont Corp. | Add +84.0% | 0.15% | +0.09 |
| XP XP Inc. Class A | New | 0.08% | +0.08 |
| ELAN Elanco Animal Health Inc. | New | 0.08% | +0.08 |
| CEMIX Causeway Emerging MKTS-Inst | Add +1.0% | 0.80% | +0.08 |
| DIS The Walt Disney Co. | Add +14.4% | 1.49% | +0.08 |
| COP Conocophillips | Add +5.6% | 0.83% | +0.07 |
| AMAT Applied Materials Inc. | Add +346.6% | 0.09% | +0.07 |
| AMRZ Amrize Ltd. | Add +153.8% | 0.12% | +0.07 |
| SNDK Sandisk Corp. | New | 0.07% | +0.07 |
| LYFT LYFT Inc. Class A | New | 0.07% | +0.07 |
| LNC Lincoln National Corp. | Add +2049.8% | 0.07% | +0.07 |
| AAL American Airlines Group Inc. | Add +6687.4% | 0.07% | +0.06 |
| EIX Edison International | New | 0.06% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +1.4% | 0.79% | +0.06 |
| DD Dupont DE Nemours Inc. | Add +0.1% | 0.67% | +0.06 |
| CRC California Resources Corp. | New | 0.06% | +0.06 |
| EXPE Expedia Group Inc. | Add +4.6% | 0.25% | +0.06 |
| FHN First Horizon Corp. | Add +1145.9% | 0.06% | +0.06 |
| APP AppLovin Corp. Class A | Add +228.3% | 0.07% | +0.06 |
| PBF PBF Energy Inc. Class A | New | 0.06% | +0.06 |
| GME Gamestop Corp. Class A | New | 0.05% | +0.05 |
| MRP Millrose Properties | New | 0.05% | +0.05 |
| MOS The Mosaic Co. | New | 0.05% | +0.05 |
| CIVIX Causeway Intl Val-Inst | Add +1.0% | 0.76% | +0.05 |
| LMGNX Clearbridge Intl Grwth-I | Add +2.1% | 0.82% | +0.05 |
| MCD McDonald's Corp. | Add +168.9% | 0.07% | +0.05 |
| PGR Progressive Corp. | Add +277.1% | 0.06% | +0.04 |
| SPEM State Street SP PTF Em ETF | Add +8.3% | 0.27% | +0.04 |
| MO Altria Group Inc. | Add +31.3% | 0.12% | +0.04 |
| PRVA Privia Health Group Inc. | New | 0.04% | +0.04 |
| LRCX Lam Research Corp. | Add +0.1% | 0.14% | +0.04 |
| W Wayfair Inc. Class A | New | 0.03% | +0.03 |
| SMOT Vaneck Morningstar Smid Moat | Add +7.5% | 0.32% | +0.03 |
| QGEN Qiagen N.V. | New | 0.03% | +0.03 |
| TNGX Tango Therapeutics Inc. | New | 0.03% | +0.03 |
Notes & Other Activity Q2 2025 → Q3 2025
| Citigroup Inc | ADR · principal | Sold out | 1,000,000 | $1.0Mbefore exit |
| VOO Vanguard S&P 500 ETF | S&P 500 ETF SHS | Reduce -100.0% | 0 | $16 |
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 |