Great Lakes Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Great Lakes Advisors, LLC reported 797 stock positions worth $12.3 billion. Its top holding was Alphabet Class A (GOOGL) at 2.9% of the portfolio, followed by JPMorgan Chase (JPM, 2.9%) and Amazon.com (AMZN, 2.3%). Compared with Q3 2025, it opened 58 new positions, sold out of 57, added to 235 and reduced 440. The biggest buy was Linde (LIN, shares +1478%) and the biggest sale Air Products & Chemicals (APD, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001078013
- Portfolio Value
- $12.3B (Q4 2025)
- SEC Filing
- 0001078013-26-000002 ↗ filed Feb 12, 2026
Holdings Value
Holdings 797 stocks · $12.3B
| GOOGL Alphabet Inc. Class A | 2.94% | 1,150,952 | $360.2M | Add +1.4% |
| JPM JPMorgan Chase & Co. | 2.86% | 1,088,578 | $350.8M | Reduce -0.7% |
| AMZN Amazon.com Inc. | 2.27% | 1,208,401 | $278.9M | Reduce -2.7% |
| MSFT Microsoft Corp. | 1.77% | 448,963 | $217.1M | Reduce -4.4% |
| WFC Wells Fargo & Co. | 1.70% | 2,241,015 | $208.9M | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.65% | 3,668,045 | $201.7M | Reduce -0.5% |
| NVDA Nvidia Corp. | 1.55% | 1,022,247 | $190.6M | Reduce -2.4% |
| RTX RTX Corp. | 1.44% | 963,460 | $176.7M | Reduce -0.3% |
| MRK Merck & Co. Inc. | 1.44% | 1,677,111 | $176.5M | Add +2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.43% | 1,539,197 | $175.1M | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 1.43% | 1,454,814 | $175.1M | Add +0.7% |
| PH Parker Hannifin Corp. | 1.39% | 193,864 | $170.4M | Reduce -0.9% |
| BSX Boston Scientific Corp. | 1.38% | 1,776,776 | $169.4M | Reduce -3.1% |
| BLK BlackRock Inc. | 1.36% | 156,380 | $167.4M | Reduce -0.8% |
| ABT Abbott Laboratories | 1.34% | 1,312,779 | $164.5M | Reduce -2.2% |
| MU Micron Technology Inc. | 1.31% | 565,035 | $161.3M | Reduce -26.8% |
| AVGO Broadcom Inc. | 1.29% | 455,387 | $157.6M | Reduce -13.5% |
| LIN Linde PLC | 1.22% | 350,060 | $149.3M | Add +1477.8% |
| HIG Hartford Insurance Group Inc. | 1.21% | 1,073,943 | $148.0M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 1.20% | 222,532 | $146.9M | Reduce -1.5% |
| GS Goldman Sachs Group Inc. | 1.19% | 166,691 | $146.5M | Reduce -1.6% |
| ABBV Abbvie Inc. | 1.11% | 595,628 | $136.1M | Reduce -1.4% |
| RNR Renaissancere Holdings Ltd. | 1.11% | 482,713 | $135.7M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.08% | 262,410 | $131.9M | Reduce -2.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.07% | 856,695 | $131.6M | Reduce -0.9% |
| ICE Intercontinental Exchange Inc. | 1.07% | 807,111 | $130.7M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 1.02% | 1,628,991 | $125.5M | Add +8.6% |
| GILD Gilead Sciences Inc. | 1.02% | 1,022,210 | $125.5M | Add +0.9% |
| FOXA Fox Corp. Class A | 1.01% | 1,700,403 | $124.2M | Reduce -0.2% |
| AXP American Express Co. | 1.00% | 331,219 | $122.5M | Reduce -2.9% |
| AAPL Apple Inc. | 1.00% | 450,345 | $122.4M | Add +3.1% |
| LOW Lowe's Cos Inc. | 0.99% | 503,880 | $121.5M | Reduce -0.9% |
| GM General Motors Co. | 0.99% | 1,486,522 | $120.9M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.97% | 832,357 | $119.5M | Add +33.9% |
| DAL Delta Air Lines Inc. | 0.97% | 1,717,488 | $119.2M | Reduce -0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.96% | 202,181 | $117.2M | Reduce -0.1% |
| CSX CSX Corp. | 0.95% | 3,223,621 | $116.9M | Reduce -0.6% |
| COR Cencora Inc. | 0.93% | 339,378 | $114.6M | Reduce -0.9% |
| MLM Martin Marietta Materials | 0.93% | 183,100 | $114.0M | Reduce -0.7% |
| ROK Rockwell Automation Inc. | 0.89% | 280,686 | $109.2M | Reduce -0.3% |
| PWR Quanta Services Inc. | 0.89% | 257,156 | $108.5M | Reduce -0.7% |
| BA The Boeing Co. | 0.84% | 473,655 | $102.8M | Add +11.4% |
| CEMIX Causeway Emerging MKTS-Inst | 0.84% | 7,112,494 | $102.8M | Add +3.1% |
| GLIFX Lazard GLBL LSTD Infra-Inst | 0.82% | 5,514,295 | $100.2M | Add +5.7% |
| LMGNX Clearbridge Intl Grwth-I filed as Legg Mason Global Asset Manage | 0.81% | 1,339,726 | $99.3M | Add +7.1% |
| IVV iShares Core S&P 500 ETF | 0.80% | 143,039 | $98.0M | Add +1.7% |
| DUK Duke Energy Corp. | 0.79% | 828,101 | $97.1M | Reduce -0.4% |
| COP Conocophillips | 0.79% | 1,034,535 | $96.8M | Reduce -1.3% |
| CIVIX Causeway Intl Val-Inst | 0.79% | 4,097,896 | $96.3M | Add +6.9% |
| C Citigroup Inc. | 0.73% | 765,411 | $89.3M | Reduce -0.8% |
| PLD Prologis Inc. | 0.72% | 688,969 | $88.0M | Reduce -1.1% |
| PYODX Victory Pioneer Fund-Y | 0.68% | 1,840,514 | $83.2M | Add +9.8% |
| MSI Motorola Solutions Inc. | 0.65% | 208,873 | $80.1M | Reduce -0.5% |
| FCX Freeport-McMoran Inc. | 0.65% | 1,559,067 | $79.2M | Add +0.5% |
| GEV GE Vernova Inc. | 0.64% | 119,889 | $78.4M | Reduce -0.1% |
| AMT American Tower Corp. | 0.62% | 431,047 | $75.7M | Reduce -2.8% |
| GOOG Alphabet Inc. Class C | 0.62% | 240,748 | $75.5M | Add +6.8% |
| MDLZ Mondelez International Inc. Class A | 0.60% | 1,363,459 | $73.4M | Reduce -1.7% |
| TXT Textron Inc. | 0.57% | 795,539 | $69.3M | Reduce -6.3% |
| UNH Unitedhealth Group Inc. | 0.56% | 208,483 | $68.8M | Reduce -2.9% |
| HGER Harbor Commodity All Weather | 0.54% | 2,669,646 | $66.3M | Add +6.7% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.52% | 1,661,905 | $63.8M | Reduce -34.7% |
| STT State Street Corp. | 0.51% | 485,508 | $62.6M | Reduce -3.1% |
| TRV The Travelers Cos Inc. | 0.50% | 213,158 | $61.8M | Add +0.2% |
| NEE Nextera Energy Inc. | 0.49% | 744,956 | $59.8M | Reduce -5.3% |
| MCK McKesson Corp. | 0.44% | 65,694 | $53.9M | Reduce -3.6% |
| CMCSA Comcast Corp. Class A | 0.43% | 1,757,817 | $52.5M | Reduce -6.9% |
| CMI Cummins Inc. | 0.41% | 98,491 | $50.3M | Reduce -3.5% |
| OTIS Otis Worldwide Corp. | 0.38% | 533,611 | $46.6M | Add +51.1% |
| BWA Borgwarner Inc. | 0.38% | 1,021,800 | $46.0M | Reduce -6.5% |
| SPGI S&P Global Inc. | 0.37% | 87,148 | $45.5M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 0.36% | 304,168 | $43.6M | Reduce -1.7% |
| SHEL Shell PLC-ADR | 0.35% | 582,932 | $42.8M | Reduce -2.4% |
| PM Philip Morris International | 0.35% | 264,391 | $42.4M | Reduce -3.8% |
| DD Dupont DE Nemours Inc. | 0.34% | 1,028,960 | $41.4M | Reduce -0.3% |
| DRI Darden Restaurants Inc. | 0.34% | 223,893 | $41.2M | Reduce -1.6% |
| SMOT Vaneck Morningstar Smid Moat | 0.33% | 1,134,513 | $41.1M | Add +5.7% |
| CB Chubb Ltd. | 0.33% | 131,444 | $41.0M | Reduce -2.8% |
| BDX Becton Dickinson and Co. | 0.33% | 209,902 | $40.7M | Reduce -4.1% |
| NAPIX Voya MM Intl SM Cap-I filed as Voya Mutual Funds Intl Small C | 0.33% | 546,546 | $40.6M | New |
| EMR Emerson Electric Co. | 0.33% | 306,033 | $40.6M | Reduce -4.3% |
| Q Qnity Electronics Inc. | 0.33% | 495,258 | $40.4M | Reduce -4.0% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 126,564 | $39.0M | Reduce -2.6% |
| ACGL Arch Capital Group Ltd. | 0.32% | 404,092 | $38.8M | Reduce -3.4% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.31% | 528,213 | $38.1M | Add +0.5% |
| VZ Verizon Communications Inc. | 0.30% | 916,961 | $37.3M | Reduce -5.5% |
| AMGN Amgen Inc. | 0.30% | 113,971 | $37.3M | Reduce -1.1% |
| EXPE Expedia Group Inc. | 0.30% | 131,451 | $37.2M | Reduce -6.3% |
| PEG Public Service Enterprise GP | 0.30% | 455,598 | $36.6M | Reduce -3.4% |
| SSNC Ss&c Technologies Holdings | 0.29% | 403,980 | $35.3M | Reduce -4.0% |
| CARR Carrier Global Corp. | 0.29% | 664,956 | $35.1M | Reduce -2.0% |
| BKNG Booking Holdings Inc. | 0.29% | 6,543 | $35.0M | Reduce -2.9% |
| ORCL Oracle Corp. | 0.28% | 178,871 | $34.9M | Reduce -3.8% |
| EOG EOG Resources Inc. | 0.28% | 327,905 | $34.4M | Reduce -1.2% |
| EXE Expand Energy Corp. | 0.28% | 310,732 | $34.3M | Reduce -2.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.28% | 380,469 | $34.0M | Add +7.0% |
| JERIX Janus Hndrsn GLBL RL Est-I | 0.28% | 2,797,273 | $33.9M | Add +8.6% |
| SPEM State Street SP PTF Em ETF | 0.27% | 713,918 | $33.4M | Add +3.2% |
| PSA Public Storage | 0.27% | 128,038 | $33.2M | Reduce -4.3% |
| SU Suncor Energy Inc. | 0.25% | 701,991 | $31.1M | Add +1.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $181K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FANNIE MAE (FNMA 7.625 PERP R) | PFD | 13,432 | $181K | New |
Total filed on the 13F, all lines: $12.3B.
Portfolio Sells Q3 2025 → Q4 2025
| APD Air Products & Chemicals Inc. | Reduce -99.3% | 0.00% | −0.42 |
| DD Dupont DE Nemours Inc. | Reduce -0.3% | 0.34% | −0.33 |
| MSFT Microsoft Corp. | Reduce -4.4% | 1.77% | −0.26 |
| SLB SLB Ltd. | Reduce -34.7% | 0.52% | −0.21 |
| SSNHZ Samsung Electr-GDR Reg S | Sold out | 0.00% | −0.20 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 1.20% | −0.19 |
| SCZ iShares MSCI Eafe Small-Cap | Sold out | 0.00% | −0.18 |
| BLK BlackRock Inc. | Reduce -0.8% | 1.36% | −0.17 |
| HLMRX Hrdng LVNR Intl SM Co.-Inst | Sold out | 0.00% | −0.17 |
| AVGO Broadcom Inc. | Reduce -13.5% | 1.29% | −0.17 |
| PYPL PayPal Holdings Inc. | Reduce -46.2% | 0.14% | −0.16 |
| ABT Abbott Laboratories | Reduce -2.2% | 1.34% | −0.16 |
| TSN Tyson Foods Inc. Class A | Reduce -93.2% | 0.01% | −0.16 |
| ORCL Oracle Corp. | Reduce -3.8% | 0.28% | −0.15 |
| MSI Motorola Solutions Inc. | Reduce -0.5% | 0.65% | −0.15 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.7% | 0.60% | −0.13 |
| BSX Boston Scientific Corp. | Reduce -3.1% | 1.38% | −0.11 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.11 |
| AMT American Tower Corp. | Reduce -2.8% | 0.62% | −0.09 |
| EHC Encompass Health Corp. | Reduce -59.6% | 0.04% | −0.09 |
| ICE Intercontinental Exchange Inc. | Reduce -1.1% | 1.07% | −0.08 |
| LOW Lowe's Cos Inc. | Reduce -0.9% | 0.99% | −0.08 |
| NVDA Nvidia Corp. | Reduce -2.4% | 1.55% | −0.08 |
| OC Owens Corning | Reduce -2.4% | 0.22% | −0.07 |
| NFLX Netflix Inc. | Reduce -15.0% | 0.13% | −0.07 |
| DUK Duke Energy Corp. | Reduce -0.4% | 0.79% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -6.9% | 0.43% | −0.07 |
| DIS The Walt Disney Co. | Reduce -1.6% | 1.43% | −0.07 |
| CNH CNH Industrial NV | Reduce -4.4% | 0.25% | −0.07 |
| AYI Acuity Inc. | Reduce -92.0% | 0.01% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -17.0% | 0.13% | −0.06 |
| ABBV Abbvie Inc. | Reduce -1.4% | 1.11% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -2.9% | 0.56% | −0.06 |
| HALO Halozyme Therapeutics Inc. | Reduce -75.3% | 0.02% | −0.06 |
| SFM Sprouts Farmers Market Inc. | Reduce -89.2% | 0.00% | −0.06 |
| BABA Alibaba Group Holding-SP ADR | Reduce -24.7% | 0.08% | −0.05 |
| CARR Carrier Global Corp. | Reduce -2.0% | 0.29% | −0.05 |
| PSA Public Storage | Reduce -4.3% | 0.27% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -5.5% | 0.30% | −0.05 |
| PNR Pentair PLC | Reduce -84.6% | 0.01% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.2% | 1.08% | −0.05 |
| EIX Edison International | Reduce -78.8% | 0.01% | −0.05 |
| STRL Sterling Infrastructure Inc. | Reduce -17.2% | 0.13% | −0.05 |
| DKS Dick's Sporting Goods Inc. | Reduce -99.4% | 0.00% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -29.4% | 0.08% | −0.04 |
| ACM Aecom | Reduce -35.0% | 0.04% | −0.04 |
| CCK Crown Holdings Inc. | Reduce -96.4% | 0.00% | −0.04 |
| FMIMX Fmi Common Stock Fund-Inv | Reduce -2.5% | 0.20% | −0.04 |
| RBLX Roblox Corp. Class A | Reduce -35.2% | 0.02% | −0.04 |
| WWW Wolverine World Wide Inc. | Reduce -30.0% | 0.03% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| LIN Linde PLC | Add +1477.8% | 1.22% | +1.13 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 2.94% | +0.63 |
| NAPIX Voya MM Intl SM Cap-I | New | 0.33% | +0.33 |
| MRK Merck & Co. Inc. | Add +2.4% | 1.44% | +0.29 |
| PEP Pepsico Inc. | Add +33.9% | 0.97% | +0.25 |
| CSCO Cisco Systems Inc. | Add +8.6% | 1.02% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +6.8% | 0.62% | +0.16 |
| FCX Freeport-McMoran Inc. | Add +0.5% | 0.65% | +0.14 |
| IWD iShares Russell 1000 Value E | Add +412.6% | 0.15% | +0.12 |
| OTIS Otis Worldwide Corp. | Add +51.1% | 0.38% | +0.11 |
| PFE Pfizer Inc. | Add +1116.8% | 0.11% | +0.10 |
| GILD Gilead Sciences Inc. | Add +0.9% | 1.02% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +73.8% | 0.19% | +0.08 |
| BA The Boeing Co. | Add +11.4% | 0.84% | +0.07 |
| AAPL Apple Inc. | Add +3.1% | 1.00% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +0.0% | 0.07% | +0.07 |
| XOM Exxon Mobil Corp. | Add +0.7% | 1.43% | +0.07 |
| NEM Newmont Corp. | Add +19.8% | 0.20% | +0.06 |
| CCOJY Coca-Cola Bottlers-Unsp ADR | New | 0.06% | +0.06 |
| GLIFX Lazard GLBL LSTD Infra-Inst | Add +5.7% | 0.82% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +386.1% | 0.07% | +0.05 |
| LLY Eli Lilly & Co. | Add +0.4% | 0.19% | +0.05 |
| HCC Warrior Met Coal Inc. | New | 0.05% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Add +416.5% | 0.06% | +0.05 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.05% | +0.05 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +0.5% | 0.31% | +0.05 |
| IDYA Ideaya Biosciences Inc. | New | 0.04% | +0.04 |
| R Ryder System Inc. | Add +1472.4% | 0.04% | +0.04 |
| BEPC Brookfield Renewable Corp. | New | 0.04% | +0.04 |
| VLY Valley National Bancorp | New | 0.04% | +0.04 |
| LRCX Lam Research Corp. | Add +0.4% | 0.17% | +0.03 |
| CEMIX Causeway Emerging MKTS-Inst | Add +3.1% | 0.84% | +0.03 |
| URBN Urban Outfitters Inc. | Add +1754.2% | 0.04% | +0.03 |
| KURA Kura Oncology Inc. | New | 0.03% | +0.03 |
| DLTR Dollar Tree Inc. | Add +58.7% | 0.06% | +0.03 |
| ZION Zions Bancorp NA | Add +94.4% | 0.06% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +136.8% | 0.05% | +0.03 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.03% | +0.03 |
| CHRW C.H. Robinson Worldwide Inc. | Add +48.8% | 0.06% | +0.03 |
| AA Alcoa Corp. | New | 0.02% | +0.02 |
| RSI Rush Street Interactive Inc. | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +70.6% | 0.05% | +0.02 |
| ARHS Arhaus Inc. | New | 0.02% | +0.02 |
| RBGLY Reckitt Benckiser-Spon ADR | New | 0.02% | +0.02 |
| VXF Vanguard Extended Market ETF | New | 0.02% | +0.02 |
| ESNT Essent Group Ltd. | New | 0.02% | +0.02 |
| SMMD iShares Russell 2500 ETF | Add +1170.2% | 0.02% | +0.02 |
| CIVIX Causeway Intl Val-Inst | Add +6.9% | 0.79% | +0.02 |
| MKL Markel Group Inc. | New | 0.02% | +0.02 |
| BOX Box Inc. Class A | Add +283.7% | 0.03% | +0.02 |
Notes & Other Activity Q3 2025 → Q4 2025
| FANNIE MAE (FNMA 7.625 PERP R) | PFD | New | 13,432 | $181K |
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 |