Hotchkis & Wiley Capital Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Hotchkis & Wiley Capital Management LLC reported 478 stock positions worth $30.0 billion. Its top holding was Citigroup (C) at 3.2% of the portfolio, followed by Wells Fargo (WFC, 3.2%) and F5 (FFIV, 3.2%). Compared with Q4 2023, it opened 55 new positions, sold out of 48, added to 181 and reduced 238. The biggest buy was a new position in Humana (HUM) and the biggest sale Microsoft (MSFT, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001164833
- Portfolio Value
- $30.0B (Q1 2024)
- SEC Filing
- 0001172661-24-002312 ↗ filed May 14, 2024
Holdings Value
Holdings 478 stocks · $30.0B
| C Citigroup Inc. | 3.24% | 15,344,484 | $970.4M | Reduce -13.2% |
| WFC Wells Fargo & Co. | 3.16% | 16,342,577 | $947.2M | Reduce -14.5% |
| FFIV F5 Inc. | 3.15% | 4,982,022 | $944.5M | Reduce -0.8% |
| APA Apa Corp. | 2.80% | 24,430,645 | $839.9M | Add +20.4% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 2.79% | 151,564,145 | $835.1M | Add +3.6% |
| GM General Motors Co. | 2.74% | 18,088,581 | $820.3M | Reduce -0.1% |
| ELV Elevance Health Inc. | 2.60% | 1,500,539 | $778.1M | Reduce -7.0% |
| MRO Marathon Oil Corp. | 2.15% | 22,761,173 | $645.1M | Add +17.4% |
| MDT Medtronic PLC | 2.11% | 7,242,299 | $631.2M | Add +16.1% |
| FIS Fidelity National Info Serv | 2.07% | 8,376,413 | $621.4M | Reduce -0.6% |
| CMCSA Comcast Corp. Class A | 1.96% | 13,547,863 | $587.3M | Add +19.9% |
| AIG American International Group | 1.95% | 7,458,229 | $583.0M | Reduce -23.9% |
| USB US Bancorp | 1.94% | 13,016,547 | $581.8M | Reduce -5.6% |
| HIG Hartford Insurance Group Inc. | 1.93% | 5,622,118 | $579.4M | Reduce -8.1% |
| CFG Citizens Financial Group | 1.92% | 15,872,051 | $576.0M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 1.91% | 3,792,482 | $572.4M | Add +13.3% |
| NOV Nov Inc. | 1.83% | 28,038,799 | $547.3M | Add +26.7% |
| CVS CVS Health Corp. | 1.77% | 6,647,790 | $530.2M | Reduce -0.7% |
| GS Goldman Sachs Group Inc. | 1.67% | 1,197,404 | $500.1M | Reduce -9.9% |
| FDX FedEx Corp. | 1.55% | 1,600,620 | $463.8M | Reduce -0.3% |
| SHEL Shell PLC-ADR | 1.54% | 6,874,205 | $460.8M | Add +8.0% |
| GEHC GE Healthcare Technology | 1.50% | 4,948,731 | $449.9M | Reduce -10.2% |
| PPL PPL Corp. | 1.42% | 15,510,540 | $427.0M | Add +0.4% |
| UL Unilever PLC | 1.41% | 8,433,071 | $423.3M | Add +28.8% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.40% | 7,307,718 | $421.1M | Reduce -23.3% |
| OLN Olin Corp. | 1.39% | 7,071,102 | $415.8M | Add +7.1% |
| MGA Magna International Inc. | 1.38% | 7,616,793 | $415.0M | Add +0.3% |
| CMI Cummins Inc. | 1.36% | 1,383,784 | $407.7M | Reduce -1.0% |
| GE General Electric | 0.98% | 1,669,928 | $293.1M | Reduce -54.7% |
| HCA HCA Healthcare Inc. | 0.96% | 864,763 | $288.4M | Reduce -0.8% |
| CRBG Corebridge Financial Inc. | 0.95% | 9,962,072 | $286.2M | Reduce -0.5% |
| OVV Ovintiv Inc. | 0.92% | 5,302,797 | $275.2M | Add +0.4% |
| CNH CNH Industrial NV | 0.87% | 20,164,626 | $261.3M | Add +0.2% |
| CI The Cigna Group | 0.84% | 690,272 | $250.7M | Add +0.5% |
| TEL Te Connectivity Ltd. | 0.80% | 1,641,857 | $238.5M | Add +0.3% |
| RTX RTX Corp. | 0.77% | 2,355,191 | $229.7M | Add +0.6% |
| STT State Street Corp. | 0.76% | 2,949,393 | $228.0M | Add +2.6% |
| CNC Centene Corp. | 0.73% | 2,796,944 | $219.5M | Add +0.9% |
| BA The Boeing Co. | 0.70% | 1,090,637 | $210.5M | Add +30.1% |
| PCAR Paccar Inc. | 0.69% | 1,673,297 | $207.3M | Reduce -0.4% |
| GLW Corning Inc. | 0.65% | 5,934,404 | $195.6M | Add +1.1% |
| MU Micron Technology Inc. | 0.64% | 1,617,474 | $190.7M | Reduce -15.7% |
| FLR Fluor Corp. | 0.63% | 4,471,825 | $189.1M | Add +2.3% |
| WBD Warner Bros Discovery Inc. | 0.61% | 20,838,618 | $181.9M | Reduce -0.2% |
| MSFT Microsoft Corp. | 0.60% | 427,608 | $179.9M | Reduce -56.5% |
| HUM Humana Inc. | 0.60% | 518,405 | $179.7M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.59% | 4,644,389 | $176.1M | Reduce -14.4% |
| ORCL Oracle Corp. | 0.56% | 1,345,648 | $169.0M | Reduce -37.7% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.56% | 2,095,440 | $166.9M | Add +52.4% |
| ARW Arrow Electronics Inc. | 0.55% | 1,283,442 | $166.2M | Add +50.7% |
| DFS Discover Financial Services | 0.55% | 1,247,583 | $163.5M | Reduce -1.3% |
| HAL Halliburton Co. | 0.55% | 4,146,854 | $163.5M | Add +0.6% |
| BKR Baker Hughes Co. | 0.54% | 4,796,232 | $160.7M | Add +147.2% |
| ADNT Adient PLC | 0.53% | 4,800,273 | $158.0M | Add +7.4% |
| BPOP Popular Inc. | 0.52% | 1,770,056 | $155.9M | Reduce -10.4% |
| VOD Vodafone Group PLC-SP ADR | 0.52% | 17,427,333 | $155.1M | Add +0.8% |
| ZBH Zimmer Biomet Holdings Inc. | 0.51% | 1,168,240 | $154.2M | Add +0.6% |
| CAG Conagra Brands Inc. | 0.49% | 4,961,080 | $147.0M | Add +2012.9% |
| COF Capital One Financial Corp. | 0.48% | 964,439 | $143.6M | Reduce -1.3% |
| MUR Murphy Oil Corp. | 0.46% | 2,997,565 | $137.0M | Add +1.3% |
| STGW Stagwell Inc. | 0.42% | 20,153,740 | $125.4M | Reduce -0.6% |
| GD General Dynamics Corp. | 0.41% | 431,597 | $121.9M | Reduce -0.6% |
| EEFT Euronet Worldwide Inc. | 0.40% | 1,084,937 | $119.3M | Reduce -7.1% |
| GSK GSK PLC-Spon ADR | 0.39% | 2,739,280 | $117.4M | Reduce -0.4% |
| KOS Kosmos Energy Ltd. | 0.39% | 19,653,535 | $117.1M | Add +11.8% |
| TKR Timken Co. | 0.39% | 1,336,279 | $116.8M | Add +1.8% |
| CVE Cenovus Energy Inc. | 0.38% | 5,669,268 | $113.3M | Add +2.0% |
| SNY Sanofi-ADR | 0.37% | 2,284,789 | $111.0M | Add +0.3% |
| ESGR Enstar Group Ltd. | 0.35% | 342,000 | $106.3M | Add +0.3% |
| SLM SLM Corp. | 0.33% | 4,518,823 | $98.5M | Reduce -31.1% |
| ECVT Ecovyst Inc. | 0.33% | 8,776,835 | $97.9M | Add +31.8% |
| OMC Omnicom Group | 0.32% | 976,325 | $94.5M | Add +0.3% |
| FCNCA First Citizens Bcshs Class A | 0.30% | 54,906 | $89.8M | Reduce -4.0% |
| VAC Marriott Vacations World | 0.30% | 824,044 | $88.8M | New |
| LH Laboratory CRP of Amer Hldgs | 0.29% | 396,767 | $86.7M | Add +3533.1% |
| BKNG Booking Holdings Inc. | 0.28% | 22,915 | $83.1M | Add +0.4% |
| IP International Paper Co. | 0.27% | 2,072,439 | $80.9M | Add +0.6% |
| BWA Borgwarner Inc. | 0.27% | 2,315,763 | $80.4M | Add +4.6% |
| CTSH Cognizant Tech Solutions-A | 0.27% | 1,087,505 | $79.7M | Add +0.4% |
| PARAA Paramount Global Class B | 0.26% | 6,630,954 | $78.0M | Add +0.0% |
| FHB First Hawaiian Inc. | 0.23% | 3,155,536 | $69.3M | Add +24.2% |
| AVA Avista Corp. | 0.23% | 1,967,919 | $68.9M | Add +1.6% |
| KFY Korn Ferry | 0.23% | 1,029,599 | $67.7M | Reduce -39.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.22% | 1,200,697 | $65.8M | Add +1.0% |
| MAN Manpowergroup Inc. | 0.22% | 838,640 | $65.1M | Reduce -13.1% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.21% | 953,745 | $63.6M | Add +15.4% |
| SWK Stanley Black & Decker Inc. | 0.21% | 648,856 | $63.5M | Add +1.4% |
| BRY Berry Corp. | 0.21% | 7,683,550 | $61.9M | Reduce -3.3% |
| ODP The Odp Corp. filed as THE ODP CORP | 0.21% | 1,165,393 | $61.8M | Reduce -3.5% |
| ATMU Atmus Filtration Technologie | 0.20% | 1,857,490 | $59.9M | Reduce -4.6% |
| SAH Sonic Automotive Inc. Class A | 0.18% | 944,046 | $53.8M | Add +5.9% |
| BDC Belden Inc. | 0.17% | 566,035 | $52.4M | Reduce -7.5% |
| BCO The Brink's Co. | 0.17% | 549,760 | $50.8M | Reduce -4.6% |
| GIS General Mills Inc. | 0.17% | 723,695 | $50.6M | New |
| BTE Baytex Energy Corp. | 0.17% | 13,713,748 | $49.8M | Add +5.9% |
| POR Portland General Electric Co. | 0.16% | 1,177,085 | $49.4M | Reduce -7.0% |
| JLL Jones Lang Lasalle Inc. | 0.16% | 245,670 | $47.9M | Add +177.2% |
| SU Suncor Energy Inc. | 0.16% | 1,282,556 | $47.3M | Reduce -8.4% |
| SRG Seritage Growth Prop- A | 0.16% | 4,859,010 | $46.9M | Add +0.4% |
| HII Huntington Ingalls Industrie | 0.15% | 157,671 | $46.0M | Reduce -2.4% |
Options reported separately and not counted above: IYR puts ($21.6M), TSLA puts ($7.0M), FXI puts ($5.2M), AAPL puts ($1.7M), ASAN puts ($1.3M).
Portfolio Sells Q4 2023 → Q1 2024
| MSFT Microsoft Corp. | Reduce -56.5% | 0.60% | −0.72 |
| GE General Electric | Reduce -54.7% | 0.98% | −0.70 |
| AIG American International Group | Reduce -23.9% | 1.95% | −0.42 |
| BNY Bank of New York Mellon Corp. | Reduce -23.3% | 1.40% | −0.36 |
| WDAY Workday Inc. Class A | Reduce -90.7% | 0.02% | −0.25 |
| ORCL Oracle Corp. | Reduce -37.7% | 0.56% | −0.25 |
| WBD Warner Bros Discovery Inc. | Reduce -0.2% | 0.61% | −0.24 |
| ETRN Equitrans Midstream Corp. | Reduce -85.4% | 0.05% | −0.24 |
| WFC Wells Fargo & Co. | Reduce -14.5% | 3.16% | −0.20 |
| USB US Bancorp | Reduce -5.6% | 1.94% | −0.19 |
| GS Goldman Sachs Group Inc. | Reduce -9.9% | 1.67% | −0.16 |
| CVSA Covista Inc. | Reduce -57.0% | 0.08% | −0.15 |
| EVR Evercore Inc. Class A | Reduce -61.4% | 0.09% | −0.13 |
| KFY Korn Ferry | Reduce -39.4% | 0.23% | −0.13 |
| ELV Elevance Health Inc. | Reduce -7.0% | 2.60% | −0.12 |
| SLM SLM Corp. | Reduce -31.1% | 0.33% | −0.12 |
| CVS CVS Health Corp. | Reduce -0.7% | 1.77% | −0.12 |
| XPRO Expro Group Holdings NV | Reduce -53.1% | 0.11% | −0.09 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.08 |
| BAC Bank of America Corp. | Reduce -14.4% | 0.59% | −0.06 |
| RRC Range Resources Corp. | Reduce -65.5% | 0.04% | −0.06 |
| NTB Bank of N.T. Butterfield&son | Reduce -26.5% | 0.13% | −0.06 |
| STGW Stagwell Inc. | Reduce -0.6% | 0.42% | −0.06 |
| BPOP Popular Inc. | Reduce -10.4% | 0.52% | −0.06 |
| MAN Manpowergroup Inc. | Reduce -13.1% | 0.22% | −0.06 |
| FFIV F5 Inc. | Reduce -0.8% | 3.15% | −0.05 |
| HOG Harley-Davidson Inc. | Reduce -82.8% | 0.01% | −0.05 |
| MMI Marcus & Millichap Inc. | Sold out | 0.00% | −0.05 |
| RMAX Re/Max Holdings Inc. Class A | Sold out | 0.00% | −0.05 |
| WAL Western Alliance Bancorp | Reduce -74.3% | 0.01% | −0.05 |
| TSEOQ Trinseo PLC | Sold out | 0.00% | −0.05 |
| IRWD Ironwood Pharmaceuticals Inc. | Sold out | 0.00% | −0.05 |
| AVT Avnet Inc. | Reduce -48.8% | 0.04% | −0.05 |
| MLKN Millerknoll Inc. | Reduce -64.3% | 0.02% | −0.04 |
| PREMIER INC-CLASS A | Sold out | 0.00% | −0.04 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.04 |
| FWRD Forward Air Corp. | Sold out | 0.00% | −0.04 |
| ODP The Odp Corp. | Reduce -3.5% | 0.21% | −0.04 |
| ACCO Acco Brands Corp. | Sold out | 0.00% | −0.04 |
| MATX Matson Inc. | Sold out | 0.00% | −0.03 |
| SPHY SS SPDR P High Yield ETF | Sold out | 0.00% | −0.03 |
| KELYA Kelly Services Inc. Class A | Sold out | 0.00% | −0.03 |
| POR Portland General Electric Co. | Reduce -7.0% | 0.16% | −0.03 |
| PWP Perella Weinberg Partners | Reduce -36.8% | 0.06% | −0.03 |
| M Macy's Inc. | Sold out | 0.00% | −0.03 |
| LBC Luther Burbank Corp. | Sold out | 0.00% | −0.03 |
| ABCB Ameris Bancorp | Sold out | 0.00% | −0.03 |
| VYX NCR Voyix Corp. | Sold out | 0.00% | −0.03 |
| EAF Graftech International Ltd. | Sold out | 0.00% | −0.03 |
| MXL Maxlinear Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| HUM Humana Inc. | New | 0.60% | +0.60 |
| MRO Marathon Oil Corp. | Add +17.4% | 2.15% | +0.48 |
| CAG Conagra Brands Inc. | Add +2012.9% | 0.49% | +0.47 |
| BKR Baker Hughes Co. | Add +147.2% | 0.54% | +0.30 |
| VAC Marriott Vacations World | New | 0.30% | +0.30 |
| LH Laboratory CRP of Amer Hldgs | Add +3533.1% | 0.29% | +0.28 |
| UL Unilever PLC | Add +28.8% | 1.41% | +0.28 |
| MDT Medtronic PLC | Add +16.1% | 2.11% | +0.27 |
| GOOGL Alphabet Inc. Class A | Add +13.3% | 1.91% | +0.24 |
| NOV Nov Inc. | Add +26.7% | 1.83% | +0.23 |
| APA Apa Corp. | Add +20.4% | 2.80% | +0.20 |
| CMCSA Comcast Corp. Class A | Add +19.9% | 1.96% | +0.19 |
| ARW Arrow Electronics Inc. | Add +50.7% | 0.55% | +0.18 |
| GIS General Mills Inc. | New | 0.17% | +0.17 |
| OLN Olin Corp. | Add +7.1% | 1.39% | +0.12 |
| APTV Aptiv Irish Holdings Ltd. | Add +52.4% | 0.56% | +0.12 |
| CI The Cigna Group | Add +0.5% | 0.84% | +0.10 |
| CPE Callon Petroleum Co. | Add +247.8% | 0.14% | +0.10 |
| JLL Jones Lang Lasalle Inc. | Add +177.2% | 0.16% | +0.10 |
| BUD Anheuser-Busch Inbev-SPN ADR | New | 0.10% | +0.10 |
| ECVT Ecovyst Inc. | Add +31.8% | 0.33% | +0.09 |
| OVV Ovintiv Inc. | Add +0.4% | 0.92% | +0.09 |
| RTX RTX Corp. | Add +0.6% | 0.77% | +0.06 |
| CVE Cenovus Energy Inc. | Add +2.0% | 0.38% | +0.05 |
| WHD Cactus Inc. Class A | New | 0.05% | +0.05 |
| SHEL Shell PLC-ADR | Add +8.0% | 1.54% | +0.04 |
| NCMI National Cinemedia Inc. | Add +38.7% | 0.11% | +0.04 |
| NAPA The Duckhorn Portfolio Inc. | New | 0.04% | +0.04 |
| CXT Crane NXT Co. | New | 0.04% | +0.04 |
| INMD Inmode Ltd. | New | 0.04% | +0.04 |
| RUSHA Rush Enterprises Inc. Class A | Add +79.9% | 0.09% | +0.04 |
| MMS Maximus Inc. | New | 0.04% | +0.04 |
| SBOW Silverbow Resources Inc. | New | 0.04% | +0.04 |
| IPGP Ipg Photonics Corp. | New | 0.04% | +0.04 |
| ALK Alaska Air Group Inc. | New | 0.03% | +0.03 |
| COOP Mr Cooper Group Inc. | New | 0.03% | +0.03 |
| ACEL Accel Entertainment Inc. | New | 0.03% | +0.03 |
| PRKS United Parks & Resorts Inc. | Add +318.3% | 0.04% | +0.03 |
| HGV Hilton Grand Vacations Inc. | New | 0.03% | +0.03 |
| FHN First Horizon Corp. | Add +61.1% | 0.08% | +0.03 |
| MCRI Monarch Casino & Resort Inc. | New | 0.03% | +0.03 |
| SNV Synovus Financial Corp. | Add +36.6% | 0.11% | +0.03 |
| DXC DXC Technology Co. | New | 0.03% | +0.03 |
| EVRI Everi Holdings Inc. | New | 0.03% | +0.03 |
| ING ING Groep N.V.-Sponsored ADR | New | 0.03% | +0.03 |
| KLG WK Kellogg Co. | New | 0.03% | +0.03 |
| NEXT Nextdecade Corp. | New | 0.03% | +0.03 |
| WAFD Wafd Inc. | Add +110.8% | 0.06% | +0.03 |
| LEG Leggett & Platt Inc. | New | 0.02% | +0.02 |
| FHB First Hawaiian Inc. | Add +24.2% | 0.23% | +0.02 |
Options Activity Q4 2023 → Q1 2024
| AYX Alteryx Inc. Class A | put | Sold out | 256,000 | $12.1Mbefore exit |
| TSLA Tesla Inc. | put | Add +135.7% | 39,600 | $7.0M |
| AAPL Apple Inc. | put | Reduce -50.0% | 10,000 | $1.7M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Sold out | 8,540,000 | $7.6Mbefore exit |
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 |