Hotchkis & Wiley Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Hotchkis & Wiley Capital Management LLC reported 469 stock positions worth $30.8 billion. Its top holding was F5 (FFIV) at 5.0% of the portfolio, followed by Workday Class A (WDAY, 3.1%) and Citigroup (C, 3.0%). Compared with Q1 2025, it opened 12 new positions, sold out of 8, added to 290 and reduced 162. The biggest buy was Omnicom (OMC, shares +437%) and the biggest sale Bank of New York Mellon (BNY, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001164833
- Portfolio Value
- $30.8B (Q2 2025)
- SEC Filing
- 0001172661-25-003239 ↗ filed Aug 14, 2025
Holdings Value
Holdings 469 stocks · $30.8B
| FFIV F5 Inc. | 4.99% | 5,229,200 | $1.5B | Reduce -2.9% |
| WDAY Workday Inc. Class A | 3.08% | 3,960,100 | $950.4M | Add +13.8% |
| C Citigroup Inc. | 3.00% | 10,846,698 | $923.3M | Reduce -14.3% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 2.67% | 97,029,167 | $822.8M | Reduce -10.3% |
| CMCSA Comcast Corp. Class A | 2.43% | 20,953,997 | $747.8M | Add +6.6% |
| WFC Wells Fargo & Co. | 2.35% | 9,041,329 | $724.4M | Reduce -7.9% |
| AIG American International Group | 2.34% | 8,409,311 | $719.8M | Reduce -7.7% |
| D Dominion Energy Inc. | 2.15% | 11,725,866 | $662.7M | Add +10.1% |
| APA Apa Corp. | 2.14% | 36,042,592 | $659.2M | Reduce -1.1% |
| GM General Motors Co. | 2.04% | 12,772,666 | $628.5M | Reduce -0.4% |
| ELV Elevance Health Inc. | 1.79% | 1,418,442 | $551.7M | Reduce -20.2% |
| GEHC GE Healthcare Technology | 1.73% | 7,199,546 | $533.3M | Add +25.2% |
| STT State Street Corp. | 1.71% | 4,949,717 | $526.4M | Reduce -2.4% |
| MDT Medtronic PLC | 1.68% | 5,931,921 | $517.1M | Reduce -4.8% |
| CMI Cummins Inc. | 1.63% | 1,532,738 | $502.0M | Add +15.8% |
| NOV Nov Inc. | 1.61% | 39,914,272 | $496.1M | Reduce -1.4% |
| MGA Magna International Inc. | 1.56% | 12,441,846 | $480.4M | Reduce -1.1% |
| FDX FedEx Corp. | 1.56% | 2,112,499 | $480.2M | Add +4.0% |
| SHEL Shell PLC-ADR | 1.47% | 6,412,128 | $451.5M | Reduce -13.8% |
| USB US Bancorp | 1.46% | 9,967,022 | $451.0M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 1.40% | 2,451,872 | $432.1M | Reduce -0.9% |
| KHC The Kraft Heinz Co. | 1.29% | 15,412,106 | $397.9M | Reduce -1.2% |
| PPG PPG Industries Inc. | 1.26% | 3,411,050 | $388.0M | Add +193.3% |
| CVS CVS Health Corp. | 1.24% | 5,543,244 | $382.4M | Reduce -28.7% |
| CFG Citizens Financial Group | 1.24% | 8,523,715 | $381.4M | Reduce -1.6% |
| OMC Omnicom Group | 1.21% | 5,163,161 | $371.4M | Add +436.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.18% | 10,769,652 | $364.0M | Add +79.7% |
| WPP WPP PLC-Sponsored ADR | 1.15% | 10,138,902 | $355.0M | Add +50.9% |
| HUM Humana Inc. | 1.10% | 1,388,446 | $339.4M | Add +12.3% |
| FIS Fidelity National Info Serv | 1.09% | 4,144,792 | $337.4M | Reduce -37.8% |
| OVV Ovintiv Inc. | 1.09% | 8,843,655 | $336.5M | Add +4.8% |
| PPL PPL Corp. | 1.09% | 9,866,545 | $334.4M | Reduce -27.1% |
| BKR Baker Hughes Co. | 1.08% | 8,644,869 | $331.4M | Add +68.5% |
| PCAR Paccar Inc. | 1.03% | 3,355,168 | $318.9M | Add +56.9% |
| APTV Aptiv PLC | 1.00% | 4,502,432 | $307.2M | Add +2.3% |
| HCA HCA Healthcare Inc. | 0.98% | 784,607 | $300.6M | Reduce -1.4% |
| CNH CNH Industrial NV | 0.93% | 22,228,784 | $288.1M | Reduce -1.1% |
| CRBG Corebridge Financial Inc. | 0.89% | 7,695,857 | $273.2M | Reduce -0.8% |
| HIG Hartford Insurance Group Inc. | 0.87% | 2,123,919 | $269.5M | Reduce -9.5% |
| TEL Te Connectivity PLC | 0.87% | 1,597,083 | $269.4M | Reduce -0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.87% | 5,636,946 | $266.7M | Add +26.6% |
| OLN Olin Corp. | 0.78% | 12,028,758 | $241.7M | Reduce -1.3% |
| WBD Warner Bros Discovery Inc. | 0.73% | 19,671,601 | $225.4M | Reduce -3.7% |
| COF Capital One Financial Corp. | 0.73% | 1,055,814 | $224.6M | Reduce -1.3% |
| UNH Unitedhealth Group Inc. | 0.70% | 694,370 | $216.6M | New |
| STZ Constellation Brands Inc. Class A | 0.69% | 1,312,910 | $213.6M | New |
| TFC Truist Financial Corp. | 0.68% | 4,891,789 | $210.3M | Add +12.6% |
| NSC Norfolk Southern Corp. | 0.68% | 818,623 | $209.5M | Reduce -0.6% |
| CI The Cigna Group | 0.65% | 610,445 | $201.8M | Reduce -10.2% |
| SWK Stanley Black & Decker Inc. | 0.63% | 2,848,646 | $193.0M | Add +125.9% |
| FCNCA First Citizens Bcshs Class A | 0.62% | 97,330 | $190.4M | Add +123.3% |
| FLR Fluor Corp. | 0.61% | 3,641,697 | $186.7M | Reduce -0.1% |
| COP Conocophillips | 0.60% | 2,060,520 | $184.9M | Add +1.5% |
| BA The Boeing Co. | 0.58% | 853,447 | $178.8M | Reduce -21.4% |
| GSK GSK PLC-Spon ADR | 0.57% | 4,556,621 | $175.0M | Reduce -1.8% |
| UL Unilever PLC | 0.57% | 2,848,099 | $174.2M | Reduce -43.0% |
| GD General Dynamics Corp. | 0.52% | 551,612 | $160.9M | Add +35.7% |
| ZBH Zimmer Biomet Holdings Inc. | 0.48% | 1,629,187 | $148.6M | Reduce -1.0% |
| PARAA Paramount Global Class B | 0.48% | 11,415,374 | $147.3M | Reduce -0.0% |
| CNC Centene Corp. | 0.47% | 2,663,875 | $144.6M | Reduce -17.1% |
| LAD Lithia Motors Inc. | 0.45% | 411,339 | $139.0M | Add +9.3% |
| SOLV Solventum Corp. | 0.44% | 1,804,044 | $136.8M | Reduce -1.0% |
| MSFT Microsoft Corp. | 0.44% | 274,505 | $136.5M | Add +88.6% |
| TKR Timken Co. | 0.44% | 1,865,497 | $135.3M | Reduce -6.3% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.43% | 2,449,309 | $133.2M | Add +7.6% |
| CAG Conagra Brands Inc. | 0.40% | 5,992,903 | $122.7M | Reduce -2.3% |
| MUR Murphy Oil Corp. | 0.39% | 5,308,962 | $119.5M | Add +10.3% |
| BPOP Popular Inc. | 0.36% | 993,767 | $109.5M | Reduce -17.4% |
| GS Goldman Sachs Group Inc. | 0.35% | 150,745 | $106.7M | Add +31.9% |
| JLL Jones Lang Lasalle Inc. | 0.35% | 416,772 | $106.6M | Add +35.5% |
| SNY Sanofi-ADR | 0.34% | 2,177,705 | $105.2M | Reduce -1.5% |
| DE Deere & Co. | 0.33% | 202,800 | $103.1M | Reduce -0.9% |
| AVT Avnet Inc. | 0.33% | 1,909,803 | $101.4M | Reduce -26.0% |
| LH Labcorp Holdings Inc. | 0.33% | 383,986 | $100.8M | Reduce -1.3% |
| EEFT Euronet Worldwide Inc. | 0.31% | 927,707 | $94.1M | Reduce -13.3% |
| ECVT Ecovyst Inc. | 0.30% | 11,218,795 | $92.3M | Reduce -11.1% |
| BWA Borgwarner Inc. | 0.30% | 2,748,879 | $92.0M | Reduce -1.4% |
| STGW Stagwell Inc. | 0.29% | 20,114,146 | $90.5M | Add +11.9% |
| RTX RTX Corp. | 0.28% | 596,691 | $87.1M | Reduce -66.1% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.27% | 1,230,440 | $84.6M | Reduce -55.9% |
| CTSH Cognizant Tech Solutions-A | 0.27% | 1,077,242 | $84.1M | Reduce -0.8% |
| VAC Marriott Vacations World | 0.25% | 1,081,360 | $78.2M | Reduce -5.1% |
| FHB First Hawaiian Inc. | 0.25% | 3,110,906 | $77.6M | Reduce -2.4% |
| SLM SLM Corp. | 0.25% | 2,321,476 | $76.1M | Reduce -6.0% |
| FTV Fortive Corp. | 0.21% | 1,216,900 | $63.4M | New |
| ADNT Adient PLC | 0.21% | 3,251,560 | $63.3M | Reduce -27.8% |
| DOX Amdocs Ltd. | 0.20% | 685,364 | $62.5M | Reduce -1.9% |
| HII Huntington Ingalls Industrie | 0.19% | 246,820 | $59.6M | Reduce -2.3% |
| LEA Lear Corp. | 0.19% | 617,666 | $58.7M | Add +14.3% |
| WEX Wex Inc. | 0.18% | 385,118 | $56.6M | Add +0.9% |
| LIVN Livanova PLC | 0.17% | 1,159,180 | $52.2M | Add +15.6% |
| SF Stifel Financial Corp. | 0.16% | 474,559 | $49.2M | Add +17.4% |
| SAH Sonic Automotive Inc. Class A | 0.15% | 566,120 | $45.2M | Reduce -14.1% |
| NTB Bank of N.T. Butterfield&son | 0.14% | 965,370 | $42.7M | Reduce -1.9% |
| BCO The Brink's Co. | 0.13% | 444,233 | $39.7M | Reduce -4.9% |
| OGE Oge Energy Corp. | 0.13% | 873,244 | $38.8M | Add +3.3% |
| MAN Manpowergroup Inc. | 0.12% | 908,856 | $36.7M | Add +5.0% |
| KOS Kosmos Energy Ltd. | 0.12% | 21,210,674 | $36.5M | Reduce -16.9% |
| HMN Horace Mann Educators | 0.12% | 841,405 | $36.2M | Reduce -2.2% |
| RUSHA Rush Enterprises Inc. Class A | 0.11% | 680,548 | $35.1M | Add +16.3% |
Options reported separately and not counted above: MTUM puts ($1.6M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $18.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 176,322 | $12.0M | Add +40.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 363,585 | $6.4M | Add +9.7% |
Total filed on the 13F, all lines: $30.8B.
Portfolio Sells Q1 2025 → Q2 2025
| BNY Bank of New York Mellon Corp. | Reduce -96.3% | 0.04% | −0.90 |
| ELV Elevance Health Inc. | Reduce -20.2% | 1.79% | −0.79 |
| FIS Fidelity National Info Serv | Reduce -37.8% | 1.09% | −0.57 |
| PPL PPL Corp. | Reduce -27.1% | 1.09% | −0.55 |
| CVS CVS Health Corp. | Reduce -28.7% | 1.24% | −0.52 |
| RTX RTX Corp. | Reduce -66.1% | 0.28% | −0.50 |
| NOV Nov Inc. | Reduce -1.4% | 1.61% | −0.45 |
| MU Micron Technology Inc. | Reduce -98.2% | 0.01% | −0.43 |
| UL Unilever PLC | Reduce -43.0% | 0.57% | −0.43 |
| APA Apa Corp. | Reduce -1.1% | 2.14% | −0.42 |
| SHEL Shell PLC-ADR | Reduce -13.8% | 1.47% | −0.35 |
| AIG American International Group | Reduce -7.7% | 2.34% | −0.31 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -55.9% | 0.27% | −0.30 |
| KHC The Kraft Heinz Co. | Reduce -1.2% | 1.29% | −0.29 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.26 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −0.24 |
| OLN Olin Corp. | Reduce -1.3% | 0.78% | −0.20 |
| MDT Medtronic PLC | Reduce -4.8% | 1.68% | −0.19 |
| CNC Centene Corp. | Reduce -17.1% | 0.47% | −0.18 |
| CAG Conagra Brands Inc. | Reduce -2.3% | 0.40% | −0.15 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -1.0% | 0.48% | −0.14 |
| ERIC Ericsson (lm) Tel-SP ADR | Reduce -10.3% | 2.67% | −0.13 |
| HIG Hartford Insurance Group Inc. | Reduce -9.5% | 0.87% | −0.10 |
| CI The Cigna Group | Reduce -10.2% | 0.65% | −0.09 |
| AVT Avnet Inc. | Reduce -26.0% | 0.33% | −0.09 |
| EEFT Euronet Worldwide Inc. | Reduce -13.3% | 0.31% | −0.08 |
| KOS Kosmos Energy Ltd. | Reduce -16.9% | 0.12% | −0.08 |
| ARW Arrow Electronics Inc. | Reduce -64.5% | 0.05% | −0.07 |
| SNY Sanofi-ADR | Reduce -1.5% | 0.34% | −0.07 |
| CNO Cno Financial Group Inc. | Reduce -52.7% | 0.04% | −0.05 |
| NCMI National Cinemedia Inc. | Reduce -26.4% | 0.07% | −0.05 |
| TKR Timken Co. | Reduce -6.3% | 0.44% | −0.04 |
| BA The Boeing Co. | Reduce -21.4% | 0.58% | −0.04 |
| PRA Proassurance Corp. | Sold out | 0.00% | −0.04 |
| GSK GSK PLC-Spon ADR | Reduce -1.8% | 0.57% | −0.03 |
| GBX Greenbrier Companies Inc. | Reduce -18.1% | 0.07% | −0.03 |
| AVA Avista Corp. | Reduce -7.9% | 0.11% | −0.03 |
| BDC Belden Inc. | Reduce -71.0% | 0.01% | −0.02 |
| NXT Nextpower Inc. | Reduce -45.7% | 0.05% | −0.02 |
| BUSE First Busey Corp. | Reduce -37.0% | 0.04% | −0.02 |
| KFY Korn Ferry | Reduce -34.9% | 0.05% | −0.02 |
| HUN Huntsman Corp. | Reduce -7.5% | 0.03% | −0.02 |
| PM Philip Morris International | Reduce -35.7% | 0.05% | −0.02 |
| SOLV Solventum Corp. | Reduce -1.0% | 0.44% | −0.02 |
| GIS General Mills Inc. | Reduce -1.3% | 0.09% | −0.02 |
| AGCO Agco Corp. | Reduce -70.2% | 0.01% | −0.02 |
| BPOP Popular Inc. | Reduce -17.4% | 0.36% | −0.02 |
| GBLI Global Indemnity Group LLC-A | Reduce -1.1% | 0.10% | −0.01 |
| SIGA Siga Technologies Inc. | Reduce -34.5% | 0.04% | −0.01 |
| BKH Black Hills Corp. | Reduce -6.9% | 0.07% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| OMC Omnicom Group | Add +436.8% | 1.21% | +0.94 |
| PPG PPG Industries Inc. | Add +193.3% | 1.26% | +0.83 |
| UNH Unitedhealth Group Inc. | New | 0.70% | +0.70 |
| STZ Constellation Brands Inc. Class A | New | 0.69% | +0.69 |
| WDAY Workday Inc. Class A | Add +13.8% | 3.08% | +0.37 |
| FCNCA First Citizens Bcshs Class A | Add +123.3% | 0.62% | +0.35 |
| SLB SLB Ltd. | Add +79.7% | 1.18% | +0.34 |
| PCAR Paccar Inc. | Add +56.9% | 1.03% | +0.34 |
| BKR Baker Hughes Co. | Add +68.5% | 1.08% | +0.32 |
| SWK Stanley Black & Decker Inc. | Add +125.9% | 0.63% | +0.30 |
| WPP WPP PLC-Sponsored ADR | Add +50.9% | 1.15% | +0.30 |
| MSFT Microsoft Corp. | Add +88.6% | 0.44% | +0.26 |
| BAC Bank of America Corp. | Add +26.6% | 0.87% | +0.24 |
| CMI Cummins Inc. | Add +15.8% | 1.63% | +0.24 |
| FTV Fortive Corp. | New | 0.21% | +0.21 |
| GEHC GE Healthcare Technology | Add +25.2% | 1.73% | +0.18 |
| D Dominion Energy Inc. | Add +10.1% | 2.15% | +0.16 |
| GD General Dynamics Corp. | Add +35.7% | 0.52% | +0.15 |
| GS Goldman Sachs Group Inc. | Add +31.9% | 0.35% | +0.14 |
| APTV Aptiv PLC | Add +2.3% | 1.00% | +0.12 |
| JLL Jones Lang Lasalle Inc. | Add +35.5% | 0.35% | +0.09 |
| TFC Truist Financial Corp. | Add +12.6% | 0.68% | +0.09 |
| LAD Lithia Motors Inc. | Add +9.3% | 0.45% | +0.08 |
| RAL Ralliant Corp. | New | 0.06% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.06% | +0.06 |
| VGLT Vanguard Long-Term Treasury | New | 0.05% | +0.05 |
| MDU Mdu Resources Group Inc. | Add +110.3% | 0.08% | +0.04 |
| LIVN Livanova PLC | Add +15.6% | 0.17% | +0.04 |
| SF Stifel Financial Corp. | Add +17.4% | 0.16% | +0.03 |
| LEA Lear Corp. | Add +14.3% | 0.19% | +0.03 |
| WCC Wesco International Inc. | Add +169.6% | 0.04% | +0.03 |
| EVR Evercore Inc. Class A | New | 0.03% | +0.03 |
| TPC Tutor Perini Corp. | Add +3.3% | 0.04% | +0.02 |
| DK Delek US Holdings Inc. | Add +9.5% | 0.05% | +0.02 |
| BRY Berry Corp. | New | 0.02% | +0.02 |
| LOB Live Oak Bancshares Inc. | Add +105.8% | 0.03% | +0.02 |
| ACHC Acadia Healthcare Co. Inc. | Add +133.8% | 0.04% | +0.02 |
| WFRD Weatherford International PL | New | 0.02% | +0.02 |
| CWK Cushman & Wakefield UK Holdc | Add +38.3% | 0.05% | +0.02 |
| PBF PBF Energy Inc. Class A | Add +33.6% | 0.05% | +0.02 |
| AWI Armstrong World Industries | Add +51.1% | 0.03% | +0.01 |
| BLMN Bloomin' Brands Inc. | Add +33.7% | 0.04% | +0.01 |
| MCRI Monarch Casino & Resort Inc. | Add +58.2% | 0.03% | +0.01 |
| ASB Associated Banc-Corp. | Add +8.1% | 0.11% | +0.01 |
| MDLZ Mondelez International Inc. Class A | Add +30.2% | 0.06% | +0.01 |
| BFH Bread Financial Holdings Inc. | Add +23.2% | 0.05% | +0.01 |
| SRCE 1ST Source Corp. | Add +39.9% | 0.04% | +0.01 |
| SNDR Schneider National Inc. Class B | Add +142.3% | 0.02% | +0.01 |
| THO Thor Industries Inc. | Add +30.1% | 0.04% | +0.01 |
| ACEL Accel Entertainment Inc. | Add +41.4% | 0.03% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +40.3% | 176,322 | $12.0M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | Add +9.7% | 363,585 | $6.4M |
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 |