Hotchkis & Wiley Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Hotchkis & Wiley Capital Management LLC reported 473 stock positions worth $30.0 billion. Its top holding was F5 (FFIV) at 4.3% of the portfolio, followed by Citigroup (C, 3.3%) and Ericsson (lm) Tel-SP ADR (ERIC, 3.0%). Compared with Q3 2024, it opened 4 new positions, sold out of 10, added to 319 and reduced 142. The biggest buy was a new position in Conocophillips (COP) and the biggest sale an exit from Marathon Oil (MRO).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001164833
- Portfolio Value
- $30.0B (Q4 2024)
- SEC Filing
- 0001172661-25-001129 ↗ filed Feb 14, 2025
Holdings Value
Holdings 473 stocks · $30.0B
| FFIV F5 Inc. | 4.25% | 5,075,285 | $1.3B | Reduce -7.5% |
| C Citigroup Inc. | 3.25% | 13,873,931 | $976.6M | Reduce -11.5% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 2.96% | 110,166,591 | $887.9M | Reduce -5.4% |
| APA Apa Corp. | 2.72% | 35,409,788 | $817.6M | Add +16.2% |
| WFC Wells Fargo & Co. | 2.47% | 10,569,699 | $742.4M | Reduce -20.1% |
| WDAY Workday Inc. Class A | 2.20% | 2,565,492 | $662.0M | Add +15.3% |
| ELV Elevance Health Inc. | 2.18% | 1,775,612 | $655.0M | Add +42.9% |
| MDT Medtronic PLC | 2.03% | 7,620,532 | $608.7M | Add +12.4% |
| CMCSA Comcast Corp. Class A | 1.99% | 15,959,589 | $599.0M | Add +7.0% |
| GM General Motors Co. | 1.94% | 10,912,446 | $581.3M | Reduce -36.8% |
| CVS CVS Health Corp. | 1.93% | 12,939,987 | $580.9M | Add +8.8% |
| NOV Nov Inc. | 1.93% | 39,654,440 | $579.0M | Add +6.7% |
| AIG American International Group | 1.80% | 7,419,346 | $540.1M | Add +0.0% |
| D Dominion Energy Inc. | 1.78% | 9,952,073 | $536.0M | Add +18.0% |
| SHEL Shell PLC-ADR | 1.78% | 8,524,772 | $534.1M | Add +23.4% |
| FDX FedEx Corp. | 1.78% | 1,895,397 | $533.2M | Add +11.6% |
| STT State Street Corp. | 1.72% | 5,265,570 | $516.8M | Reduce -9.4% |
| MGA Magna International Inc. | 1.65% | 11,881,243 | $496.5M | Add +1.4% |
| KHC The Kraft Heinz Co. | 1.62% | 15,826,032 | $486.0M | Add +35.1% |
| CMI Cummins Inc. | 1.54% | 1,328,080 | $463.0M | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 1.53% | 2,429,507 | $459.9M | Reduce -13.5% |
| FIS Fidelity National Info Serv | 1.53% | 5,679,853 | $458.8M | Reduce -1.9% |
| PPL PPL Corp. | 1.49% | 13,791,157 | $447.7M | Reduce -0.9% |
| USB US Bancorp | 1.46% | 9,166,882 | $438.5M | Reduce -9.1% |
| GEHC GE Healthcare Technology | 1.45% | 5,575,201 | $435.9M | Reduce -0.3% |
| CFG Citizens Financial Group | 1.28% | 8,765,174 | $383.6M | Reduce -4.7% |
| BKR Baker Hughes Co. | 1.26% | 9,227,267 | $378.5M | Reduce -15.5% |
| HIG Hartford Insurance Group Inc. | 1.25% | 3,443,090 | $376.7M | Reduce -0.6% |
| OLN Olin Corp. | 1.23% | 10,931,368 | $369.5M | Add +23.7% |
| OVV Ovintiv Inc. | 1.10% | 8,152,496 | $330.2M | Reduce -0.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.10% | 4,281,891 | $329.0M | Reduce -9.0% |
| HUM Humana Inc. | 1.03% | 1,217,323 | $308.8M | Add +140.9% |
| UL Unilever PLC | 0.96% | 5,062,911 | $287.1M | Reduce -0.8% |
| APTV Aptiv PLC | 0.94% | 4,656,057 | $281.6M | Add +87.1% |
| WPP WPP PLC-Sponsored ADR | 0.90% | 5,284,190 | $271.6M | Reduce -1.3% |
| CNH CNH Industrial NV | 0.86% | 22,769,931 | $258.0M | Reduce -1.3% |
| RTX RTX Corp. | 0.80% | 2,080,611 | $240.8M | Add +1.6% |
| CRBG Corebridge Financial Inc. | 0.79% | 7,943,763 | $237.8M | Reduce -1.8% |
| TEL Te Connectivity PLC | 0.77% | 1,625,477 | $232.4M | Reduce -0.4% |
| PCAR Paccar Inc. | 0.74% | 2,144,696 | $223.1M | Reduce -1.1% |
| WBD Warner Bros Discovery Inc. | 0.72% | 20,487,078 | $216.5M | Reduce -1.9% |
| COP Conocophillips | 0.68% | 2,054,397 | $203.7M | New |
| CNC Centene Corp. | 0.66% | 3,257,339 | $197.3M | Add +1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.65% | 4,473,866 | $196.6M | Reduce -1.1% |
| BA The Boeing Co. | 0.65% | 1,103,517 | $195.3M | Add +2.0% |
| NSC Norfolk Southern Corp. | 0.65% | 828,703 | $194.5M | Reduce -0.9% |
| CI The Cigna Group | 0.64% | 691,970 | $191.1M | Add +0.2% |
| HCA HCA Healthcare Inc. | 0.61% | 612,802 | $183.9M | Reduce -3.9% |
| ZBH Zimmer Biomet Holdings Inc. | 0.59% | 1,670,741 | $176.5M | Reduce -4.7% |
| CAG Conagra Brands Inc. | 0.58% | 6,320,381 | $175.4M | Add +0.5% |
| TFC Truist Financial Corp. | 0.57% | 3,974,674 | $172.4M | Reduce -0.9% |
| COF Capital One Financial Corp. | 0.52% | 883,348 | $157.5M | Reduce -4.0% |
| GSK GSK PLC-Spon ADR | 0.52% | 4,641,289 | $157.0M | Add +31.0% |
| GS Goldman Sachs Group Inc. | 0.47% | 245,531 | $140.6M | Reduce -12.4% |
| TKR Timken Co. | 0.46% | 1,944,839 | $138.8M | Add +14.3% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.43% | 2,599,410 | $130.2M | Add +28.1% |
| AVT Avnet Inc. | 0.43% | 2,446,855 | $128.0M | Add +254.5% |
| MU Micron Technology Inc. | 0.42% | 1,511,727 | $127.2M | Add +1.5% |
| FLR Fluor Corp. | 0.42% | 2,542,487 | $125.4M | Reduce -25.7% |
| LAD Lithia Motors Inc. | 0.41% | 346,047 | $123.7M | Add +391.6% |
| STGW Stagwell Inc. | 0.41% | 18,778,720 | $123.6M | Reduce -2.1% |
| SOLV Solventum Corp. | 0.41% | 1,850,980 | $122.3M | Add +2.8% |
| PARAA Paramount Global Class B | 0.40% | 11,617,090 | $121.5M | Add +76.0% |
| BPOP Popular Inc. | 0.40% | 1,266,661 | $119.1M | Reduce -1.2% |
| SWK Stanley Black & Decker Inc. | 0.39% | 1,462,275 | $117.4M | Add +119.3% |
| SNY Sanofi-ADR | 0.36% | 2,257,976 | $108.9M | Reduce -0.0% |
| GD General Dynamics Corp. | 0.36% | 408,862 | $107.7M | Reduce -0.7% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.36% | 1,680,000 | $107.6M | Add +9.1% |
| EEFT Euronet Worldwide Inc. | 0.36% | 1,037,771 | $106.7M | Reduce -2.5% |
| ECVT Ecovyst Inc. | 0.33% | 13,128,915 | $100.3M | Add +2.1% |
| SLM SLM Corp. | 0.33% | 3,584,013 | $98.8M | Reduce -2.5% |
| VAC Marriott Vacations World | 0.32% | 1,054,104 | $94.7M | Reduce -4.4% |
| FCNCA First Citizens Bcshs Class A | 0.31% | 44,114 | $93.2M | Add +1.4% |
| HAL Halliburton Co. | 0.31% | 3,395,641 | $92.3M | Reduce -0.3% |
| LH Labcorp Holdings Inc. | 0.30% | 397,830 | $91.2M | Add +1.3% |
| FHB First Hawaiian Inc. | 0.30% | 3,477,611 | $90.2M | Add +1.6% |
| BWA Borgwarner Inc. | 0.30% | 2,794,073 | $88.8M | Add +1.1% |
| DE Deere & Co. | 0.30% | 209,500 | $88.8M | Add +1.3% |
| BKNG Booking Holdings Inc. | 0.28% | 17,044 | $84.7M | Reduce -24.7% |
| CTSH Cognizant Tech Solutions-A | 0.28% | 1,100,410 | $84.6M | Add +1.9% |
| MUR Murphy Oil Corp. | 0.28% | 2,782,582 | $84.2M | Add +5.9% |
| OMC Omnicom Group | 0.28% | 964,065 | $82.9M | Add +1.6% |
| KOS Kosmos Energy Ltd. | 0.27% | 23,416,795 | $80.1M | Add +10.8% |
| CVE Cenovus Energy Inc. | 0.27% | 5,285,858 | $80.1M | Add +1.9% |
| JLL Jones Lang Lasalle Inc. | 0.26% | 306,577 | $77.6M | Reduce -1.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.25% | 1,926,497 | $73.9M | Add +2.4% |
| ADNT Adient PLC | 0.21% | 3,677,098 | $63.4M | Reduce -29.3% |
| DOX Amdocs Ltd. | 0.20% | 717,007 | $61.0M | Reduce -5.5% |
| BDC Belden Inc. | 0.20% | 530,265 | $59.7M | Reduce -2.1% |
| SAH Sonic Automotive Inc. Class A | 0.19% | 889,226 | $56.3M | Add +7.8% |
| MAN Manpowergroup Inc. | 0.16% | 830,880 | $48.0M | Add +4.8% |
| NCMI National Cinemedia Inc. | 0.16% | 7,015,477 | $46.6M | Add +1.1% |
| OGE Oge Energy Corp. | 0.15% | 1,104,350 | $45.6M | Add +82.4% |
| EFOR Everforth Inc. filed as ASGN INC | 0.15% | 537,360 | $44.8M | Add +51.3% |
| SF Stifel Financial Corp. | 0.14% | 409,704 | $43.5M | Reduce -13.0% |
| BCO The Brink's Co. | 0.14% | 459,350 | $42.6M | Add +7.2% |
| ARW Arrow Electronics Inc. | 0.14% | 363,647 | $41.1M | Reduce -56.6% |
| HMN Horace Mann Educators | 0.13% | 1,006,115 | $39.5M | Add +2.6% |
| WEX Wex Inc. | 0.12% | 212,630 | $37.3M | Add +21.0% |
| NTB Bank of N.T. Butterfield&son | 0.12% | 1,013,550 | $37.0M | Add +0.8% |
Options reported separately and not counted above: QQQ calls ($5.9M), SPY puts ($2.7M), ASAN puts ($1.7M), TSLA calls ($1.0M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $6.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 100,158 | $6.1M | New |
Total filed on the 13F, all lines: $30.0B.
Portfolio Sells Q3 2024 → Q4 2024
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.72 |
| GM General Motors Co. | Reduce -36.8% | 1.94% | −0.64 |
| DFS Discover Financial Services | Reduce -99.4% | 0.00% | −0.56 |
| GEHC GE Healthcare Technology | Reduce -0.3% | 1.45% | −0.29 |
| GLW Corning Inc. | Reduce -74.1% | 0.11% | −0.29 |
| HCA HCA Healthcare Inc. | Reduce -3.9% | 0.61% | −0.25 |
| ARW Arrow Electronics Inc. | Reduce -56.6% | 0.14% | −0.23 |
| ADNT Adient PLC | Reduce -29.3% | 0.21% | −0.18 |
| WCC Wesco International Inc. | Reduce -90.8% | 0.02% | −0.15 |
| UL Unilever PLC | Reduce -0.8% | 0.96% | −0.15 |
| FLR Fluor Corp. | Reduce -25.7% | 0.42% | −0.13 |
| HIG Hartford Insurance Group Inc. | Reduce -0.6% | 1.25% | −0.10 |
| FIS Fidelity National Info Serv | Reduce -1.9% | 1.53% | −0.09 |
| USB US Bancorp | Reduce -9.1% | 1.46% | −0.07 |
| SNY Sanofi-ADR | Reduce -0.0% | 0.36% | −0.07 |
| ALSN Allison Transmission Holding | Reduce -74.7% | 0.03% | −0.07 |
| BRY Berry Corp. | Sold out | 0.00% | −0.06 |
| GD General Dynamics Corp. | Reduce -0.7% | 0.36% | −0.06 |
| BKR Baker Hughes Co. | Reduce -15.5% | 1.26% | −0.05 |
| HII Huntington Ingalls Industrie | Reduce -7.1% | 0.09% | −0.05 |
| TEL Te Connectivity PLC | Reduce -0.4% | 0.77% | −0.05 |
| FHN First Horizon Corp. | Reduce -66.7% | 0.03% | −0.05 |
| NSC Norfolk Southern Corp. | Reduce -0.9% | 0.65% | −0.04 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -4.7% | 0.59% | −0.04 |
| PPL PPL Corp. | Reduce -0.9% | 1.49% | −0.04 |
| STGW Stagwell Inc. | Reduce -2.1% | 0.41% | −0.04 |
| PLXS Plexus Corp. | Reduce -48.9% | 0.05% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -24.7% | 0.28% | −0.04 |
| BPOP Popular Inc. | Reduce -1.2% | 0.40% | −0.03 |
| AAN The Aaron's Co. Inc. | Sold out | 0.00% | −0.03 |
| BNY Bank of New York Mellon Corp. | Reduce -9.0% | 1.10% | −0.03 |
| NAPA The Duckhorn Portfolio Inc. | Sold out | 0.00% | −0.03 |
| GEAR Revelyst Inc. | Reduce -6.6% | 0.02% | −0.02 |
| HAL Halliburton Co. | Reduce -0.3% | 0.31% | −0.02 |
| JLL Jones Lang Lasalle Inc. | Reduce -1.7% | 0.26% | −0.02 |
| ESGR Enstar Group Ltd. | Reduce -28.6% | 0.05% | −0.02 |
| GIS General Mills Inc. | Reduce -3.5% | 0.09% | −0.02 |
| DOX Amdocs Ltd. | Reduce -5.5% | 0.20% | −0.02 |
| THFF First Financial Corp. | Reduce -63.7% | 0.01% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -13.5% | 1.53% | −0.02 |
| GBX Greenbrier Companies Inc. | Reduce -27.4% | 0.11% | −0.02 |
| TG Tredegar Corp. | Sold out | 0.00% | −0.02 |
| PLUS Eplus Inc. | Reduce -28.1% | 0.02% | −0.02 |
| FLIC First of Long Island Corp. | Reduce -58.4% | 0.01% | −0.01 |
| JAKK Jakks Pacific Inc. | Reduce -60.5% | 0.01% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -20.1% | 2.47% | −0.01 |
| C Citigroup Inc. | Reduce -11.5% | 3.25% | −0.01 |
| BDC Belden Inc. | Reduce -2.1% | 0.20% | −0.01 |
| HOG Harley-Davidson Inc. | Reduce -3.0% | 0.04% | −0.01 |
| CRGY Crescent Energy Inc. Class A | Reduce -32.9% | 0.10% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| COP Conocophillips | New | 0.68% | +0.68 |
| HUM Humana Inc. | Add +140.9% | 1.03% | +0.50 |
| WDAY Workday Inc. Class A | Add +15.3% | 2.20% | +0.40 |
| APTV Aptiv PLC | Add +87.1% | 0.94% | +0.34 |
| LAD Lithia Motors Inc. | Add +391.6% | 0.41% | +0.34 |
| AVT Avnet Inc. | Add +254.5% | 0.43% | +0.30 |
| SHEL Shell PLC-ADR | Add +23.4% | 1.78% | +0.26 |
| KHC The Kraft Heinz Co. | Add +35.1% | 1.62% | +0.25 |
| APA Apa Corp. | Add +16.2% | 2.72% | +0.24 |
| FDX FedEx Corp. | Add +11.6% | 1.78% | +0.23 |
| PARAA Paramount Global Class B | Add +76.0% | 0.40% | +0.17 |
| D Dominion Energy Inc. | Add +18.0% | 1.78% | +0.16 |
| SWK Stanley Black & Decker Inc. | Add +119.3% | 0.39% | +0.15 |
| LEA Lear Corp. | Add +1033.7% | 0.12% | +0.11 |
| BA The Boeing Co. | Add +2.0% | 0.65% | +0.10 |
| LIVN Livanova PLC | New | 0.08% | +0.08 |
| OGE Oge Energy Corp. | Add +82.4% | 0.15% | +0.07 |
| ASB Associated Banc-Corp. | Add +115.1% | 0.12% | +0.07 |
| MGA Magna International Inc. | Add +1.4% | 1.65% | +0.05 |
| NEXT Nextdecade Corp. | Add +1.1% | 0.12% | +0.05 |
| FCNCA First Citizens Bcshs Class A | Add +1.4% | 0.31% | +0.04 |
| MSFT Microsoft Corp. | Add +65.3% | 0.11% | +0.04 |
| ECVT Ecovyst Inc. | Add +2.1% | 0.33% | +0.04 |
| GSK GSK PLC-Spon ADR | Add +31.0% | 0.52% | +0.04 |
| EFOR Everforth Inc. | Add +51.3% | 0.15% | +0.04 |
| BKH Black Hills Corp. | Add +95.6% | 0.08% | +0.04 |
| FHB First Hawaiian Inc. | Add +1.6% | 0.30% | +0.04 |
| ELV Elevance Health Inc. | Add +42.9% | 2.18% | +0.03 |
| AGCO Agco Corp. | Add +78.2% | 0.08% | +0.03 |
| NESR National Energy Services Reu | New | 0.03% | +0.03 |
| PM Philip Morris International | Add +42.0% | 0.10% | +0.03 |
| PDCO Patterson Cos Inc. | Add +24.4% | 0.07% | +0.03 |
| SAH Sonic Automotive Inc. Class A | Add +7.8% | 0.19% | +0.03 |
| HI Hillenbrand Inc. | Add +79.0% | 0.05% | +0.02 |
| PUMP Propetro Holding Corp. | Add +48.4% | 0.05% | +0.02 |
| VTLE Vital Energy Inc. | Add +55.3% | 0.05% | +0.02 |
| CATY Cathay General Bancorp | Add +77.3% | 0.04% | +0.02 |
| NUS Nu Skin Enterprises Inc. Class A | Add +161.0% | 0.04% | +0.02 |
| PARR Par Pacific Holdings Inc. | Add +107.3% | 0.04% | +0.02 |
| AAP Advance Auto Parts Inc. | Add +62.1% | 0.04% | +0.02 |
| EFSC Enterprise Financial Service | Add +44.1% | 0.05% | +0.02 |
| HMN Horace Mann Educators | Add +2.6% | 0.13% | +0.02 |
| DIOD Diodes Inc. | Add +60.4% | 0.04% | +0.02 |
| VSH Vishay Intertechnology Inc. | Add +72.9% | 0.04% | +0.02 |
| PLYA Playa Hotels & Resorts NV | Add +4.8% | 0.03% | +0.01 |
| INDB Independent Bank Corp. | Add +58.4% | 0.03% | +0.01 |
| BARNES GROUP INC | Add +22.3% | 0.05% | +0.01 |
| PRLB Proto Labs Inc. | Add +11.2% | 0.04% | +0.01 |
| PFBC Preferred Bank/Los Angeles | Add +32.1% | 0.05% | +0.01 |
| BANC Banc of California Inc. | Add +54.5% | 0.03% | +0.01 |
Options Activity Q3 2024 → Q4 2024
| IYR iShares US Real Estate ETF | put | Sold out | 240,000 | $24.4Mbefore exit |
| FXI iShares China Large-Cap ETF | put | Sold out | 216,000 | $6.9Mbefore exit |
| TSLA Tesla Inc. | put | Sold out | 22,800 | $6.0Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | New | 11,500 | $5.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 4,600 | $2.7M |
| TSLA Tesla Inc. | call | New | 2,500 | $1.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 100,158 | $6.1M |
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 |