Kornitzer Capital Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Kornitzer Capital Management Inc. reported 480 stock positions worth $4.9 billion. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by Costco Wholesale (COST, 2.0%) and Eli Lilly (LLY, 1.9%). Compared with Q1 2025, it opened 51 new positions, sold out of 24, added to 91 and reduced 199. The biggest buy was Nvidia (NVDA, shares +13%) and the biggest sale Apple (AAPL, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- SHAWNEE MISSION, KS
- CIK
- 0000898358
- Portfolio Value
- $4.9B (Q2 2025)
- SEC Filing
- 0000898358-25-000010 ↗ filed Jul 31, 2025
Holdings Value
Holdings 480 stocks · $4.9B
| MSFT Microsoft Corp. | 5.66% | 560,554 | $278.8M | Reduce -2.7% |
| COST Costco Wholesale Corp. | 1.98% | 98,678 | $97.7M | Reduce -1.0% |
| LLY Eli Lilly & Co. | 1.91% | 120,600 | $94.0M | Reduce -0.8% |
| AAPL Apple Inc. | 1.80% | 432,839 | $88.8M | Reduce -12.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.68% | 258,560 | $82.8M | Reduce -1.8% |
| HES Hess Corp. | 1.58% | 563,728 | $78.1M | Reduce -2.8% |
| KMI Kinder Morgan Inc. | 1.56% | 2,616,002 | $76.9M | Reduce -0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.55% | 259,647 | $76.5M | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 1.52% | 694,131 | $74.8M | Reduce -0.7% |
| WM Waste Management Inc. | 1.47% | 317,026 | $72.5M | Reduce -2.8% |
| META Meta Platforms Inc. Class A | 1.34% | 89,783 | $66.3M | Reduce -0.5% |
| CVX Chevron Corp. | 1.31% | 450,376 | $64.5M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 1.26% | 351,464 | $61.9M | Reduce -3.0% |
| CSCO Cisco Systems Inc. | 1.25% | 891,200 | $61.8M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 1.19% | 267,999 | $58.8M | Add +2.6% |
| PG The Procter & Gamble Co. | 1.18% | 364,844 | $58.1M | Reduce -1.8% |
| QCOM Qualcomm Inc. | 1.12% | 347,808 | $55.4M | Reduce -1.0% |
| PEP Pepsico Inc. | 1.10% | 410,813 | $54.2M | Add +4.1% |
| JNJ Johnson & Johnson | 1.08% | 349,458 | $53.4M | Reduce -1.1% |
| ABT Abbott Laboratories | 1.07% | 386,019 | $52.5M | Reduce -0.6% |
| WMT Walmart Inc. | 1.04% | 526,276 | $51.5M | Reduce -2.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.98% | 1,426,897 | $48.2M | Reduce -8.8% |
| COP Conocophillips | 0.96% | 529,931 | $47.6M | Reduce -0.9% |
| NVDA Nvidia Corp. | 0.95% | 295,953 | $46.8M | Add +13.2% |
| ALL Allstate Corp. | 0.94% | 230,071 | $46.3M | Reduce -3.8% |
| KO The Coca-Cola Co. | 0.93% | 645,639 | $45.7M | Reduce -1.3% |
| MRK Merck & Co. Inc. | 0.86% | 538,266 | $42.6M | Add +2.1% |
| VZ Verizon Communications Inc. | 0.82% | 929,027 | $40.2M | Reduce -1.2% |
| GILD Gilead Sciences Inc. | 0.79% | 349,486 | $38.7M | Reduce -1.4% |
| KMB Kimberly-Clark Corp. | 0.76% | 289,255 | $37.3M | Reduce -0.8% |
| VST Vistra Corp. | 0.71% | 180,475 | $35.0M | Add +3.0% |
| GD General Dynamics Corp. | 0.66% | 111,513 | $32.5M | Reduce -1.0% |
| FOUR SHIFT4 Payments Inc. Class A | 0.65% | 324,371 | $32.1M | No change |
| TFC Truist Financial Corp. | 0.65% | 746,161 | $32.1M | Reduce -0.5% |
| APA Apa Corp. | 0.65% | 1,742,517 | $31.9M | Add +9.8% |
| MELI MercadoLibre Inc. | 0.64% | 12,127 | $31.7M | Reduce -1.2% |
| PFE Pfizer Inc. | 0.61% | 1,244,650 | $30.2M | Reduce -3.2% |
| JPM JPMorgan Chase & Co. | 0.61% | 103,846 | $30.1M | Reduce -0.3% |
| MSCI MSCI Inc. | 0.61% | 52,016 | $30.0M | Reduce -11.8% |
| SHEL Shell PLC-ADR | 0.57% | 399,941 | $28.2M | Reduce -9.9% |
| T AT&T Inc. | 0.55% | 936,573 | $27.1M | Reduce -2.3% |
| BKNG Booking Holdings Inc. | 0.55% | 4,670 | $27.0M | Reduce -0.0% |
| VEEV Veeva Systems Inc. Class A | 0.54% | 93,181 | $26.8M | No change |
| MLM Martin Marietta Materials | 0.54% | 48,453 | $26.6M | Add +34.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.52% | 112,664 | $25.5M | Reduce -15.1% |
| CINF Cincinnati Financial Corp. | 0.51% | 168,770 | $25.1M | Reduce -1.9% |
| V Visa Inc. Class A | 0.51% | 70,407 | $25.0M | Reduce -2.4% |
| CLX Clorox Company | 0.51% | 208,024 | $25.0M | Reduce -1.1% |
| ABBNY Abb Ltd.-Spon ADR | 0.48% | 401,696 | $23.9M | Reduce -9.3% |
| SAP Sap SE-Sponsored ADR | 0.46% | 75,000 | $22.8M | Reduce -14.2% |
| VRSK Verisk Analytics Inc. | 0.46% | 72,887 | $22.7M | Reduce -0.2% |
| UL Unilever PLC | 0.46% | 368,577 | $22.5M | Reduce -0.4% |
| ELF Elf Beauty Inc. | 0.45% | 179,202 | $22.3M | Reduce -11.4% |
| CSGP Costar Group Inc. | 0.44% | 269,856 | $21.7M | Reduce -12.9% |
| TRU Transunion | 0.43% | 242,364 | $21.3M | Reduce -28.6% |
| PYPL PayPal Holdings Inc. | 0.42% | 280,566 | $20.9M | Reduce -0.4% |
| DINO HF Sinclair Corp. | 0.42% | 500,978 | $20.6M | Add +0.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.41% | 291,224 | $20.4M | Reduce -1.3% |
| GIS General Mills Inc. | 0.41% | 385,535 | $20.0M | Reduce -0.9% |
| LIN Linde PLC | 0.39% | 41,293 | $19.4M | Add +0.2% |
| EMR Emerson Electric Co. | 0.39% | 143,115 | $19.1M | Reduce -0.8% |
| IT Gartner Inc. | 0.38% | 46,856 | $18.9M | Add +44.5% |
| KNSL Kinsale Capital Group Inc. | 0.37% | 37,990 | $18.4M | Add +37.2% |
| RTX RTX Corp. | 0.37% | 125,754 | $18.4M | Reduce -0.7% |
| RSG Republic Services Inc. | 0.37% | 73,950 | $18.2M | Reduce -0.8% |
| ALC Alcon Inc. filed as ALCON AG | 0.36% | 202,958 | $17.9M | Reduce -12.9% |
| CFG Citizens Financial Group | 0.36% | 396,634 | $17.7M | Reduce -1.8% |
| VRT Vertiv Holdings Co. Class A | 0.36% | 137,882 | $17.7M | No change |
| GFL GFL Environmental Inc.-Sub VT | 0.36% | 350,000 | $17.7M | Reduce -12.3% |
| RIO Rio Tinto PLC-Spon ADR | 0.35% | 297,944 | $17.4M | Add +0.4% |
| CAG Conagra Brands Inc. | 0.35% | 831,369 | $17.0M | Reduce -1.5% |
| AME Ametek Inc. | 0.34% | 93,530 | $16.9M | No change |
| NEM Newmont Corp. | 0.34% | 287,425 | $16.7M | Reduce -1.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.34% | 20,685 | $16.6M | Reduce -10.9% |
| K Kellanova | 0.33% | 205,498 | $16.3M | Reduce -14.4% |
| OLED Universal Display Corp. | 0.33% | 105,487 | $16.3M | No change |
| AON Aon PLC Class A | 0.32% | 44,866 | $16.0M | No change |
| DLR Digital Realty Trust Inc. | 0.32% | 90,300 | $15.7M | No change |
| VRNS Varonis Systems Inc. | 0.32% | 306,835 | $15.6M | Reduce -39.0% |
| CPRT Copart Inc. | 0.31% | 316,351 | $15.5M | Reduce -11.7% |
| WMS Advanced Drainage Systems Inc. | 0.31% | 134,865 | $15.5M | Reduce -16.0% |
| CRH CRH PLC | 0.31% | 167,445 | $15.4M | Reduce -8.3% |
| PCOR Procore Technologies Inc. | 0.31% | 222,800 | $15.2M | Add +26.7% |
| NTRA Natera Inc. | 0.30% | 88,174 | $14.9M | No change |
| BP BP PLC-Spons ADR | 0.29% | 485,409 | $14.5M | Add +1.6% |
| DV Doubleverify Holdings Inc. | 0.29% | 961,813 | $14.4M | No change |
| BMY Bristol-Myers Squibb Co. | 0.29% | 307,627 | $14.2M | Reduce -0.9% |
| OPCH Option Care Health Inc. | 0.28% | 424,495 | $13.8M | Reduce -4.4% |
| UBER Uber Technologies Inc. | 0.28% | 146,267 | $13.6M | Reduce -11.5% |
| PLMR Palomar Holdings Inc. | 0.28% | 88,113 | $13.6M | Reduce -18.9% |
| COR Cencora Inc. | 0.27% | 44,595 | $13.4M | New |
| GSK GSK PLC-Spon ADR | 0.27% | 344,142 | $13.2M | Reduce -1.7% |
| SYY Sysco Corp. | 0.27% | 174,435 | $13.2M | Reduce -1.0% |
| STRL Sterling Infrastructure Inc. | 0.27% | 57,215 | $13.2M | Reduce -25.4% |
| CME Cme Group Inc. | 0.26% | 47,346 | $13.0M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 0.26% | 23,178 | $13.0M | Add +2.4% |
| LYV Live Nation Entertainment Inc. | 0.26% | 86,000 | $13.0M | No change |
| ICLR Icon PLC | 0.26% | 89,137 | $13.0M | Reduce -10.5% |
| NVEE NV5 Global Inc. | 0.26% | 559,480 | $12.9M | No change |
| ADM Archer-Daniels-Midland Co. | 0.26% | 240,095 | $12.7M | Reduce -1.3% |
Other holdings (14): bonds, preferreds, convertibles and warrants · $37.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 110,000 | $7.5M | No change |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 1,000,000 | $6.3M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 135,000 | $5.1M | Add +8.0% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 1,600,000 | $4.5M | No change |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 30,000 | $3.5M | New |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 1,300,000 | $2.3M | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 1,250,000 | $1.9M | No change |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 30,000 | $1.8M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 2,000,000 | $1.6M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 750,000 | $881K | No change |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 600,000 | $691K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 750,000 | $684K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 500,000 | $471K | No change |
| APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) | NOTE 3.500% 9/1 · principal | 300,000 | $293K | No change |
Total filed on the 13F, all lines: $5.0B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -12.6% | 1.80% | −0.48 |
| SLB SLB Ltd. | Reduce -8.8% | 0.98% | −0.38 |
| HES Hess Corp. | Reduce -2.8% | 1.58% | −0.34 |
| CVX Chevron Corp. | Reduce -0.6% | 1.31% | −0.26 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.26 |
| OKTA Okta Inc. | Reduce -95.8% | 0.01% | −0.24 |
| XOM Exxon Mobil Corp. | Reduce -0.7% | 1.52% | −0.21 |
| AJG Arthur J Gallagher & Co. | Reduce -1.8% | 1.68% | −0.21 |
| UNH Unitedhealth Group Inc. | Reduce -43.6% | 0.10% | −0.20 |
| COP Conocophillips | Reduce -0.9% | 0.96% | −0.20 |
| LLY Eli Lilly & Co. | Reduce -0.8% | 1.91% | −0.18 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.17 |
| SKY Champion Homes Inc. | Reduce -15.9% | 0.19% | −0.16 |
| TRU Transunion | Reduce -28.6% | 0.43% | −0.15 |
| ECL Ecolab Inc. | Reduce -87.1% | 0.02% | −0.15 |
| BIO Bio-Rad Laboratories-A | Reduce -73.0% | 0.05% | −0.14 |
| APTV Aptiv PLC | Sold out | 0.00% | −0.14 |
| HALO Halozyme Therapeutics Inc. | Reduce -38.3% | 0.13% | −0.14 |
| LGF.B Lions Gate Entertainment-B | Sold out | 0.00% | −0.14 |
| CLX Clorox Company | Reduce -1.1% | 0.51% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -1.8% | 1.18% | −0.13 |
| JNJ Johnson & Johnson | Reduce -1.1% | 1.08% | −0.13 |
| HLNE Hamilton Lane Inc. Class A | Reduce -33.9% | 0.21% | −0.13 |
| CAG Conagra Brands Inc. | Reduce -1.5% | 0.35% | −0.12 |
| TPG TPG Inc. | Sold out | 0.00% | −0.12 |
| PTC PTC Inc. | Reduce -70.1% | 0.06% | −0.12 |
| CPAY Corpay Inc. | Reduce -38.3% | 0.15% | −0.11 |
| BRBR Bellring Brands Inc. | Reduce -27.1% | 0.13% | −0.11 |
| VRNS Varonis Systems Inc. | Reduce -39.0% | 0.32% | −0.11 |
| CPRT Copart Inc. | Reduce -11.7% | 0.31% | −0.11 |
| KMB Kimberly-Clark Corp. | Reduce -0.8% | 0.76% | −0.10 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.9% | 0.29% | −0.10 |
| SHEL Shell PLC-ADR | Reduce -9.9% | 0.57% | −0.10 |
| ICLR Icon PLC | Reduce -10.5% | 0.26% | −0.10 |
| XYL Xylem Inc. | Reduce -53.9% | 0.09% | −0.10 |
| SNY Sanofi-ADR | Reduce -26.2% | 0.17% | −0.10 |
| ICE Intercontinental Exchange Inc. | Reduce -34.7% | 0.20% | −0.10 |
| ALC Alcon Inc. | Reduce -12.9% | 0.36% | −0.10 |
| LOVE The Lovesac Co. | Reduce -87.6% | 0.01% | −0.09 |
| WM Waste Management Inc. | Reduce -2.8% | 1.47% | −0.09 |
| HP Helmerich & Payne | Reduce -1.8% | 0.11% | −0.09 |
| ALL Allstate Corp. | Reduce -3.8% | 0.94% | −0.09 |
| LGND Ligand Pharmaceuticals | Reduce -32.7% | 0.21% | −0.09 |
| MSCI MSCI Inc. | Reduce -11.8% | 0.61% | −0.08 |
| K Kellanova | Reduce -14.4% | 0.33% | −0.08 |
| GIS General Mills Inc. | Reduce -0.9% | 0.41% | −0.08 |
| PTLO Portillo's Inc. Class A | Reduce -47.1% | 0.07% | −0.07 |
| CSGP Costar Group Inc. | Reduce -12.9% | 0.44% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -1.2% | 0.82% | −0.07 |
| BWIN Baldwin Insurance Group Inc./ | Reduce -25.4% | 0.16% | −0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +13.2% | 0.95% | +0.36 |
| VST Vistra Corp. | Add +3.0% | 0.71% | +0.28 |
| COR Cencora Inc. | New | 0.27% | +0.27 |
| MLM Martin Marietta Materials | Add +34.2% | 0.54% | +0.18 |
| FICO Fair Isaac Corp. | New | 0.17% | +0.17 |
| AMZN Amazon.com Inc. | Add +2.6% | 1.19% | +0.16 |
| BIRK Birkenstock Holding PLC | Add +156.6% | 0.26% | +0.16 |
| AVAV Aerovironment Inc. | Add +20.9% | 0.24% | +0.15 |
| MANH Manhattan Associates Inc. | New | 0.15% | +0.15 |
| KMX Carmax Inc. | New | 0.15% | +0.15 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +1058.2% | 0.15% | +0.14 |
| LION Lionsgate Studios Corp. | New | 0.14% | +0.14 |
| CELH Celsius Holdings Inc. | New | 0.13% | +0.13 |
| MMYT Makemytrip Ltd. | New | 0.13% | +0.13 |
| DDOG Datadog Inc. Class A | New | 0.12% | +0.12 |
| ZS Zscaler Inc. | New | 0.12% | +0.12 |
| AVGO Broadcom Inc. | Add +23.7% | 0.23% | +0.12 |
| CCC CCC Intelligent Solutions Ho | New | 0.12% | +0.12 |
| MDB Mongodb Inc. | New | 0.12% | +0.12 |
| RELX Relx PLC - Spon ADR | Add +125.0% | 0.20% | +0.11 |
| WING Wingstop Inc. | Add +139.2% | 0.16% | +0.11 |
| VVV Valvoline Inc. | New | 0.11% | +0.11 |
| IT Gartner Inc. | Add +44.5% | 0.38% | +0.10 |
| TREX Trex Company Inc. | Add +1394.5% | 0.11% | +0.10 |
| MNDY Monday.com Ltd. | Add +38.3% | 0.23% | +0.10 |
| DXCM Dexcom Inc. | Add +75.4% | 0.18% | +0.10 |
| KNSL Kinsale Capital Group Inc. | Add +37.2% | 0.37% | +0.09 |
| ROST Ross Stores Inc. | New | 0.09% | +0.09 |
| WAY Waystar Holding Corp. | New | 0.09% | +0.09 |
| SNOW Snowflake Inc. | Add +3.6% | 0.24% | +0.08 |
| BROS Dutch Bros Inc. Class A | New | 0.08% | +0.08 |
| DINO HF Sinclair Corp. | Add +0.6% | 0.42% | +0.08 |
| VCEL Vericel Corp. | Add +427.3% | 0.09% | +0.08 |
| PCOR Procore Technologies Inc. | Add +26.7% | 0.31% | +0.07 |
| BOOT Boot Barn Holdings Inc. | Add +18.6% | 0.17% | +0.07 |
| NFLX Netflix Inc. | Add +0.9% | 0.21% | +0.06 |
| WRBY Warby Parker Inc. Class A | New | 0.06% | +0.06 |
| KDP Keurig Dr Pepper Inc. | Add +99.7% | 0.11% | +0.05 |
| PRCT Procept Biorobotics Corp. | New | 0.05% | +0.05 |
| CEG Constellation Energy | Add +0.5% | 0.12% | +0.04 |
| EMN Eastman Chemical Co. | Add +46.3% | 0.22% | +0.04 |
| XLP SS Consumer Staples Sel Sect | New | 0.03% | +0.03 |
| AAOI Applied Optoelectronics Inc. | New | 0.03% | +0.03 |
| CAH Cardinal Health Inc. | New | 0.03% | +0.03 |
| AMSC American Superconductor Corp. | New | 0.03% | +0.03 |
| HUBS HubSpot Inc. | Add +25.0% | 0.17% | +0.03 |
| TATT Tat Technologies Ltd. | New | 0.02% | +0.02 |
| MEDP Medpace Holdings Inc. | Add +43.6% | 0.08% | +0.02 |
| GCMG GCM Grosvenor Inc. Class A | New | 0.02% | +0.02 |
| EVH Evolent Health Inc. Class A | New | 0.02% | +0.02 |
Notes & Other Activity Q1 2025 → Q2 2025
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +8.0% | 135,000 | $5.1M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 30,000 | $3.5M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | New | 30,000 | $1.8M |
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 | 541 | $4.8B | MSFT, CVX, LLY, AAPL, GOOGL |
| Q1 2026 | 497 | $4.6B | MSFT, CVX, XOM, AAPL, LLY |
| Q4 2025 | 495 | $4.8B | MSFT, CVX, LLY, AAPL, GOOGL |
| Q3 2025 | 487 | $4.9B | MSFT, CVX, AAPL, LLY, COST |
| Q2 2025 | 480 | $4.9B | MSFT, COST, LLY, AAPL, AJG |
| Q1 2025 | 453 | $4.8B | MSFT, AAPL, LLY, COST, HES |
| Q4 2024 | 457 | $5.1B | MSFT, AAPL, COST, LLY, HES |
| Q3 2024 | 460 | $5.4B | MSFT, AAPL, LLY, COST, HES |
| Q2 2024 | 459 | $5.3B | MSFT, LLY, AAPL, COST, HES |
| Q1 2024 | 458 | $5.4B | MSFT, LLY, HES, AAPL, COST |