Hotchkis & Wiley Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Hotchkis & Wiley Capital Management LLC reported 457 stock positions worth $34.3 billion. Its top holding was Workday Class A (WDAY) at 4.5% of the portfolio, followed by Apa (APA, 3.0%) and American International (AIG, 2.6%). Compared with Q1 2026, it opened 9 new positions, sold out of 12, added to 262 and reduced 174. The biggest buy was Cigna (CI, shares +307%) and the biggest sale F5 (FFIV, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001164833
- Portfolio Value
- $34.3B (Q2 2026)
- SEC Filing
- 0001172661-26-003763 ↗ filed Aug 14, 2026
Holdings Value
Holdings 457 stocks · $34.3B
| WDAY Workday Inc. Class A | 4.53% | 12,679,129 | $1.6B | Add +19.0% |
| APA Apa Corp. | 3.01% | 31,695,303 | $1.0B | Reduce -1.0% |
| AIG American International Group | 2.57% | 11,841,030 | $882.5M | Add +15.7% |
| FFIV F5 Inc. | 2.50% | 2,061,574 | $857.5M | Reduce -55.0% |
| GEHC GE Healthcare Technology | 2.29% | 12,250,502 | $784.2M | Add +22.9% |
| ELV Elevance Health Inc. | 2.27% | 2,016,200 | $779.7M | Reduce -8.0% |
| PPG PPG Industries Inc. | 2.24% | 6,331,643 | $768.0M | Add +2.8% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 2.23% | 68,701,573 | $766.0M | Reduce -16.5% |
| CMCSA Comcast Corp. Class A | 2.15% | 30,084,514 | $738.6M | Add +12.3% |
| D Dominion Energy Inc. | 1.97% | 9,894,768 | $675.7M | Reduce -12.8% |
| USB US Bancorp | 1.86% | 10,566,132 | $638.2M | Reduce -6.5% |
| C Citigroup Inc. | 1.86% | 4,548,436 | $636.6M | Reduce -35.3% |
| GM General Motors Co. | 1.75% | 7,801,221 | $601.3M | Reduce -7.6% |
| WFC Wells Fargo & Co. | 1.72% | 7,118,512 | $588.3M | Add +12.7% |
| MGA Magna International Inc. | 1.68% | 8,795,761 | $577.5M | Reduce -10.7% |
| CI The Cigna Group | 1.63% | 2,024,152 | $558.0M | Add +307.2% |
| CRM Salesforce Inc. | 1.61% | 3,525,733 | $552.3M | Reduce -4.6% |
| CNH CNH Industrial NV | 1.61% | 49,047,896 | $550.8M | Add +12.4% |
| CDW CDW Corp. | 1.55% | 3,777,585 | $531.3M | Add +86.3% |
| FISV Fiserv Inc. | 1.50% | 10,469,503 | $513.5M | Add +79.4% |
| OMC Omnicom Group | 1.46% | 6,867,753 | $500.2M | Add +27.8% |
| SHEL Shell PLC-ADR | 1.40% | 6,199,706 | $480.7M | Add +0.9% |
| OVV Ovintiv Inc. | 1.34% | 8,695,301 | $457.8M | Add +2.3% |
| MDT Medtronic PLC | 1.32% | 5,789,077 | $452.9M | Add +20.8% |
| FDX FedEx Corp. | 1.27% | 1,394,197 | $436.6M | Reduce -12.2% |
| UNH Unitedhealth Group Inc. | 1.26% | 1,035,250 | $430.3M | Reduce -41.5% |
| PCAR Paccar Inc. | 1.21% | 3,464,963 | $416.2M | Reduce -1.3% |
| SAP Sap SE-Sponsored ADR | 1.13% | 2,508,905 | $386.6M | Add +878.1% |
| TFC Truist Financial Corp. | 1.08% | 7,413,799 | $369.4M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 1.06% | 1,013,951 | $362.4M | Reduce -6.9% |
| KHC The Kraft Heinz Co. | 1.05% | 15,196,599 | $358.9M | Reduce -0.5% |
| HUM Humana Inc. | 1.02% | 878,377 | $348.9M | Reduce -45.4% |
| SWK Stanley Black & Decker Inc. | 1.00% | 3,649,602 | $343.5M | Add +13.3% |
| STT State Street Corp. | 0.99% | 2,001,394 | $339.4M | Reduce -52.8% |
| CRBG Corebridge Financial Inc. | 0.97% | 11,644,490 | $333.4M | Add +28.2% |
| MDLZ Mondelez International Inc. Class A | 0.97% | 5,753,722 | $332.8M | Add +2.4% |
| STZ Constellation Brands Inc. Class A | 0.97% | 2,391,780 | $332.7M | Add +35.6% |
| FCNCA First Citizens Bcshs Class A | 0.94% | 154,960 | $322.4M | Add +16.7% |
| OLN Olin Corp. | 0.93% | 16,021,214 | $317.5M | Add +6.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.92% | 6,764,047 | $314.5M | Reduce -30.3% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.92% | 2,793,916 | $314.3M | Add +27.6% |
| GPC Genuine Parts Co. | 0.91% | 2,657,600 | $313.5M | Add +52.1% |
| BAC Bank of America Corp. | 0.88% | 5,307,713 | $302.4M | Add +16.9% |
| APTV Aptiv PLC | 0.88% | 4,905,719 | $301.1M | Add +43.4% |
| NOV Nov Inc. | 0.78% | 14,353,823 | $266.3M | Reduce -3.8% |
| TEL Te Connectivity PLC | 0.75% | 1,282,847 | $258.6M | Add +60.4% |
| WPP WPP PLC-Sponsored ADR | 0.75% | 16,676,408 | $258.3M | Add +11.2% |
| FLR Fluor Corp. | 0.71% | 4,635,570 | $242.9M | Add +15.3% |
| QCOM Qualcomm Inc. | 0.71% | 1,310,630 | $242.2M | New |
| FIS Fidelity National Info Serv | 0.70% | 6,179,887 | $240.3M | Add +92.1% |
| ZBH Zimmer Biomet Holdings Inc. | 0.69% | 2,761,429 | $237.7M | Reduce -1.1% |
| NSC Norfolk Southern Corp. | 0.67% | 727,138 | $228.8M | Reduce -2.0% |
| FTV Fortive Corp. | 0.64% | 3,618,174 | $221.0M | Reduce -0.8% |
| LH Labcorp Holdings Inc. | 0.61% | 742,022 | $207.8M | Reduce -0.2% |
| CTSH Cognizant Tech Solutions-A | 0.56% | 4,962,014 | $192.2M | Add +92.2% |
| BA The Boeing Co. | 0.55% | 874,437 | $189.3M | Reduce -0.5% |
| SLM SLM Corp. | 0.55% | 7,216,318 | $187.2M | Add +11.3% |
| COP Conocophillips | 0.54% | 1,787,373 | $185.8M | Add +4.8% |
| GSK GSK PLC-Spon ADR | 0.52% | 3,413,574 | $178.9M | Reduce -2.0% |
| CMI Cummins Inc. | 0.51% | 244,044 | $174.1M | Reduce -61.0% |
| LDOS Leidos Holdings Inc. | 0.49% | 1,644,950 | $169.4M | New |
| DE Deere & Co. | 0.48% | 261,130 | $165.6M | Reduce -0.4% |
| CNC Centene Corp. | 0.48% | 2,561,083 | $164.4M | Reduce -3.7% |
| STGW Stagwell Inc. | 0.46% | 21,313,377 | $158.4M | Reduce -7.6% |
| UL Unilever PLC-Sponsored ADR | 0.45% | 2,565,840 | $154.3M | Reduce -2.0% |
| GD General Dynamics Corp. | 0.43% | 415,162 | $147.1M | Reduce -0.1% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.42% | 2,470,586 | $142.6M | Reduce -22.1% |
| LAD Lithia Motors Inc. | 0.42% | 489,990 | $142.3M | Reduce -2.6% |
| CHKP Check Point Software Tech | 0.38% | 998,668 | $131.3M | New |
| LMT Lockheed Martin Corp. | 0.38% | 256,530 | $130.7M | New |
| AVT Avnet Inc. | 0.37% | 1,438,823 | $127.8M | Reduce -6.7% |
| PPL PPL Corp. | 0.37% | 3,446,840 | $125.3M | Reduce -32.1% |
| WK Workiva Inc. | 0.36% | 2,578,108 | $125.1M | Add +53.5% |
| BWA Borgwarner Inc. | 0.34% | 1,764,422 | $117.2M | Reduce -16.1% |
| CFG Citizens Financial Group | 0.32% | 1,541,159 | $108.0M | Reduce -33.2% |
| CRC California Resources Corp. | 0.28% | 1,785,343 | $94.4M | Add +41.6% |
| MUR Murphy Oil Corp. | 0.26% | 2,738,389 | $89.2M | Add +0.6% |
| EEFT Euronet Worldwide Inc. | 0.25% | 1,188,709 | $87.0M | Add +6.3% |
| FHB First Hawaiian Inc. | 0.24% | 2,849,812 | $83.5M | Add +1.9% |
| UHS Universal Health Services-B | 0.22% | 510,534 | $75.9M | Add +115.2% |
| CAG Conagra Brands Inc. | 0.22% | 5,615,737 | $75.6M | Add +16.9% |
| RUSHA Rush Enterprises Inc. Class A | 0.19% | 898,331 | $65.6M | Add +2.8% |
| TKR Timken Co. | 0.18% | 426,695 | $62.0M | Reduce -72.8% |
| BPOP Popular Inc. | 0.17% | 359,583 | $59.0M | Reduce -22.7% |
| OGE Oge Energy Corp. | 0.17% | 1,200,866 | $58.4M | Add +9.9% |
| MSFT Microsoft Corp. | 0.17% | 156,526 | $58.4M | Add +93.5% |
| DOX Amdocs Ltd. | 0.17% | 1,148,126 | $58.0M | Reduce -1.1% |
| JLL Jones Lang Lasalle Inc. | 0.17% | 184,124 | $57.1M | Add +43.2% |
| SOLV Solventum Corp. | 0.16% | 723,580 | $55.8M | Add +4.4% |
| WEX Wex Inc. | 0.16% | 386,978 | $54.6M | Add +63.6% |
| BCO The Brink's Co. | 0.16% | 568,083 | $53.7M | Add +26.5% |
| SF Stifel Financial Corp. | 0.15% | 757,136 | $52.8M | Add +32.4% |
| VAC Marriott Vacations World | 0.15% | 498,904 | $50.8M | Reduce -49.8% |
| ARE Alexandria Real Estate Equit | 0.14% | 913,300 | $48.3M | Reduce -25.2% |
| LIVN Livanova PLC | 0.13% | 561,124 | $46.1M | Add +0.8% |
| ADNT Adient PLC | 0.13% | 2,458,020 | $45.2M | Add +6.3% |
| NTB Bank of N.T. Butterfield&son | 0.13% | 745,400 | $44.4M | Reduce -7.4% |
| VGNT Versigent PLC | 0.13% | 1,038,679 | $43.6M | Add +3631.6% |
| RHI Robert Half Inc. | 0.12% | 1,359,143 | $41.7M | Add +1.3% |
| KOS Kosmos Energy Ltd. | 0.12% | 18,844,781 | $39.8M | Reduce -6.0% |
Options reported separately and not counted above: UPS puts ($12.9M), DLR puts ($1.8M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $23.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 171,322 | $11.5M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 377,137 | $7.3M | No change |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | 120,989 | $4.2M | Add +15.2% |
Total filed on the 13F, all lines: $34.3B.
Portfolio Sells Q1 2026 → Q2 2026
| FFIV F5 Inc. | Reduce -55.0% | 2.50% | −1.60 |
| APA Apa Corp. | Reduce -1.0% | 3.01% | −1.19 |
| STT State Street Corp. | Reduce -52.8% | 0.99% | −0.67 |
| ERIC Ericsson (lm) Tel-SP ADR | Reduce -16.5% | 2.23% | −0.63 |
| SLB SLB Ltd. | Reduce -30.3% | 0.92% | −0.63 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.62 |
| C Citigroup Inc. | Reduce -35.3% | 1.86% | −0.61 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.57 |
| CMI Cummins Inc. | Reduce -61.0% | 0.51% | −0.53 |
| CRM Salesforce Inc. | Reduce -4.6% | 1.61% | −0.52 |
| FDX FedEx Corp. | Reduce -12.2% | 1.27% | −0.48 |
| TKR Timken Co. | Reduce -72.8% | 0.18% | −0.31 |
| PPL PPL Corp. | Reduce -32.1% | 0.37% | −0.23 |
| UNH Unitedhealth Group Inc. | Reduce -41.5% | 1.26% | −0.23 |
| D Dominion Energy Inc. | Reduce -12.8% | 1.97% | −0.20 |
| GM General Motors Co. | Reduce -7.6% | 1.75% | −0.19 |
| ECVT Ecovyst Inc. | Reduce -74.1% | 0.05% | −0.16 |
| CFG Citizens Financial Group | Reduce -33.2% | 0.32% | −0.11 |
| NOV Nov Inc. | Reduce -3.8% | 0.78% | −0.09 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -1.1% | 0.69% | −0.09 |
| GSK GSK PLC-Spon ADR | Reduce -2.0% | 0.52% | −0.07 |
| DOX Amdocs Ltd. | Reduce -1.1% | 0.17% | −0.07 |
| KOS Kosmos Energy Ltd. | Reduce -6.0% | 0.12% | −0.06 |
| VAC Marriott Vacations World | Reduce -49.8% | 0.15% | −0.05 |
| PCAR Paccar Inc. | Reduce -1.3% | 1.21% | −0.04 |
| FFWM First Foundation Inc. | Sold out | 0.00% | −0.04 |
| FFIC Flushing Financial Corp. | Sold out | 0.00% | −0.04 |
| ARE Alexandria Real Estate Equit | Reduce -25.2% | 0.14% | −0.03 |
| HTBK Heritage Commerce Corp. | Sold out | 0.00% | −0.03 |
| CVGW Calavo Growers Inc. | Sold out | 0.00% | −0.03 |
| AMWD American Woodmark Corp. | Sold out | 0.00% | −0.02 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -22.1% | 0.42% | −0.02 |
| BPOP Popular Inc. | Reduce -22.7% | 0.17% | −0.02 |
| TPH Tri Pointe Homes Inc. | Sold out | 0.00% | −0.02 |
| RRC Range Resources Corp. | Reduce -45.8% | 0.01% | −0.02 |
| XPRO Expro Group Holdings NV | Reduce -3.7% | 0.05% | −0.02 |
| GBLI Global Indemnity Group LLC-A | Reduce -8.0% | 0.06% | −0.02 |
| HUN Huntsman Corp. | Reduce -5.5% | 0.04% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -0.5% | 1.05% | −0.01 |
| MGA Magna International Inc. | Reduce -10.7% | 1.68% | −0.01 |
| PLAB Photronics Inc. | Reduce -7.3% | 0.03% | −0.01 |
| PM Philip Morris International | Reduce -40.2% | 0.02% | −0.01 |
| GD General Dynamics Corp. | Reduce -0.1% | 0.43% | −0.01 |
| LEA Lear Corp. | Reduce -15.0% | 0.10% | −0.01 |
| PARR Par Pacific Holdings Inc. | Reduce -14.5% | 0.03% | −0.01 |
| BWA Borgwarner Inc. | Reduce -16.1% | 0.34% | −0.01 |
| UL Unilever PLC-Sponsored ADR | Reduce -2.0% | 0.45% | −0.01 |
| THR Thermon Group Holdings Inc. | Sold out | 0.00% | −0.01 |
| PBF PBF Energy Inc. Class A | Reduce -10.7% | 0.04% | −0.01 |
| CVI CVR Energy Inc. | Reduce -3.1% | 0.02% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| CI The Cigna Group | Add +307.2% | 1.63% | +1.22 |
| SAP Sap SE-Sponsored ADR | Add +878.1% | 1.13% | +0.99 |
| CDW CDW Corp. | Add +86.3% | 1.55% | +0.79 |
| QCOM Qualcomm Inc. | New | 0.71% | +0.71 |
| LDOS Leidos Holdings Inc. | New | 0.49% | +0.49 |
| FISV Fiserv Inc. | Add +79.4% | 1.50% | +0.49 |
| CHKP Check Point Software Tech | New | 0.38% | +0.38 |
| LMT Lockheed Martin Corp. | New | 0.38% | +0.38 |
| GPC Genuine Parts Co. | Add +52.1% | 0.91% | +0.34 |
| CRBG Corebridge Financial Inc. | Add +28.2% | 0.97% | +0.30 |
| SWK Stanley Black & Decker Inc. | Add +13.3% | 1.00% | +0.29 |
| SJM The JM Smucker Co. | Add +27.6% | 0.92% | +0.26 |
| WDAY Workday Inc. Class A | Add +19.0% | 4.53% | +0.25 |
| TEL Te Connectivity PLC | Add +60.4% | 0.75% | +0.24 |
| FIS Fidelity National Info Serv | Add +92.1% | 0.70% | +0.23 |
| OMC Omnicom Group | Add +27.8% | 1.46% | +0.21 |
| PPG PPG Industries Inc. | Add +2.8% | 2.24% | +0.20 |
| BAC Bank of America Corp. | Add +16.9% | 0.88% | +0.20 |
| AIG American International Group | Add +15.7% | 2.57% | +0.19 |
| FCNCA First Citizens Bcshs Class A | Add +16.7% | 0.94% | +0.17 |
| WFC Wells Fargo & Co. | Add +12.7% | 1.72% | +0.16 |
| STZ Constellation Brands Inc. Class A | Add +35.6% | 0.97% | +0.15 |
| APTV Aptiv PLC | Add +43.4% | 0.88% | +0.14 |
| FLR Fluor Corp. | Add +15.3% | 0.71% | +0.13 |
| VGNT Versigent PLC | Add +3631.6% | 0.13% | +0.12 |
| CNH CNH Industrial NV | Add +12.4% | 1.61% | +0.12 |
| SLM SLM Corp. | Add +11.3% | 0.55% | +0.12 |
| GEHC GE Healthcare Technology | Add +22.9% | 2.29% | +0.09 |
| UHS Universal Health Services-B | Add +115.2% | 0.22% | +0.09 |
| MSFT Microsoft Corp. | Add +93.5% | 0.17% | +0.08 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.07% | +0.07 |
| CTSH Cognizant Tech Solutions-A | Add +92.2% | 0.56% | +0.07 |
| WK Workiva Inc. | Add +53.5% | 0.36% | +0.06 |
| WEX Wex Inc. | Add +63.6% | 0.16% | +0.05 |
| JLL Jones Lang Lasalle Inc. | Add +43.2% | 0.17% | +0.05 |
| TTE Totalenergies SE | New | 0.04% | +0.04 |
| MBC Masterbrand Inc. | New | 0.04% | +0.04 |
| MDT Medtronic PLC | Add +20.8% | 1.32% | +0.04 |
| OCFC Oceanfirst Financial Corp. | Add +87.4% | 0.07% | +0.04 |
| WPP WPP PLC-Sponsored ADR | Add +11.2% | 0.75% | +0.03 |
| FHB First Hawaiian Inc. | Add +1.9% | 0.24% | +0.03 |
| NCMI National Cinemedia Inc. | Add +19.7% | 0.10% | +0.03 |
| FBIN Fortune Brands Innovations I | Add +43.8% | 0.06% | +0.03 |
| LIVN Livanova PLC | Add +0.8% | 0.13% | +0.03 |
| CVBF CVB Financial Corp. | Add +103.9% | 0.04% | +0.02 |
| EEFT Euronet Worldwide Inc. | Add +6.3% | 0.25% | +0.02 |
| FSUN Firstsun Capital Bancorp | Add +123.2% | 0.04% | +0.02 |
| SF Stifel Financial Corp. | Add +32.4% | 0.15% | +0.02 |
| SOLV Solventum Corp. | Add +4.4% | 0.16% | +0.02 |
| CXT Crane NXT Co. | Add +34.1% | 0.05% | +0.02 |
Options Activity Q1 2026 → Q2 2026
| UPS United Parcel Service Class B | put | Reduce -78.8% | 120,000 | $12.9M |
| DLR Digital Realty Trust Inc. | put | Reduce -77.8% | 10,000 | $1.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | Add +15.2% | 120,989 | $4.2M |
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 | 457 | $34.3B | WDAY, APA, AIG, FFIV, GEHC |
| Q1 2026 | 460 | $32.3B | WDAY, APA, FFIV, ERIC, C |
| Q4 2025 | 459 | $33.4B | WDAY, FFIV, C, ERIC, AIG |
| Q3 2025 | 464 | $32.2B | FFIV, WDAY, APA, C, AIG |
| Q2 2025 | 469 | $30.8B | FFIV, WDAY, C, ERIC, CMCSA |
| Q1 2025 | 465 | $29.9B | FFIV, C, ERIC, WDAY, AIG |
| Q4 2024 | 473 | $30.0B | FFIV, C, ERIC, APA, WFC |
| Q3 2024 | 478 | $30.1B | FFIV, C, ERIC, GM, CVS |
| Q2 2024 | 478 | $28.6B | ERIC, FFIV, C, WFC, APA |
| Q1 2024 | 478 | $30.0B | C, WFC, FFIV, APA, ERIC |