Kornitzer Capital Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Kornitzer Capital Management Inc. reported 487 stock positions worth $4.9 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Chevron (CVX, 3.1%) and Apple (AAPL, 2.2%). Compared with Q2 2025, it opened 39 new positions, sold out of 32, added to 105 and reduced 212. The biggest buy was Chevron (CVX, shares +123%) and the biggest sale an exit from Hess (HES).
- Most Recent 13F
- Q2 2026
- Location
- SHAWNEE MISSION, KS
- CIK
- 0000898358
- Portfolio Value
- $4.9B (Q3 2025)
- SEC Filing
- 0000898358-25-000013 ↗ filed Oct 31, 2025
Holdings Value
Holdings 487 stocks · $4.9B
| MSFT Microsoft Corp. | 5.78% | 552,049 | $285.9M | Reduce -1.5% |
| CVX Chevron Corp. | 3.15% | 1,003,012 | $155.8M | Add +122.7% |
| AAPL Apple Inc. | 2.23% | 433,445 | $110.4M | Add +0.1% |
| LLY Eli Lilly & Co. | 1.91% | 123,528 | $94.3M | Add +2.4% |
| COST Costco Wholesale Corp. | 1.87% | 99,952 | $92.5M | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 1.71% | 347,611 | $84.5M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 1.56% | 682,358 | $76.9M | Reduce -1.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.55% | 247,099 | $76.5M | Reduce -4.4% |
| KMI Kinder Morgan Inc. | 1.51% | 2,629,750 | $74.4M | Add +0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.47% | 258,111 | $72.8M | Reduce -0.6% |
| WM Waste Management Inc. | 1.42% | 317,761 | $70.2M | Add +0.2% |
| JNJ Johnson & Johnson | 1.30% | 347,695 | $64.5M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 1.30% | 87,522 | $64.3M | Reduce -2.5% |
| CSCO Cisco Systems Inc. | 1.22% | 885,171 | $60.6M | Reduce -0.7% |
| PEP Pepsico Inc. | 1.17% | 412,486 | $57.9M | Add +0.4% |
| QCOM Qualcomm Inc. | 1.16% | 344,332 | $57.3M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 1.15% | 258,717 | $56.8M | Reduce -3.5% |
| PG The Procter & Gamble Co. | 1.13% | 362,985 | $55.8M | Reduce -0.5% |
| NVDA Nvidia Corp. | 1.11% | 294,497 | $54.9M | Reduce -0.5% |
| WMT Walmart Inc. | 1.08% | 519,304 | $53.5M | Reduce -1.3% |
| ABT Abbott Laboratories | 1.04% | 383,172 | $51.3M | Reduce -0.7% |
| COP Conocophillips | 1.01% | 528,598 | $50.0M | Reduce -0.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.99% | 1,428,051 | $49.1M | Add +0.1% |
| ALL Allstate Corp. | 0.98% | 226,168 | $48.5M | Reduce -1.7% |
| MRK Merck & Co. Inc. | 0.93% | 545,054 | $45.7M | Add +1.3% |
| APA Apa Corp. | 0.92% | 1,873,041 | $45.5M | Add +7.5% |
| KO The Coca-Cola Co. | 0.86% | 637,756 | $42.3M | Reduce -1.2% |
| VZ Verizon Communications Inc. | 0.82% | 920,150 | $40.4M | Reduce -1.0% |
| GD General Dynamics Corp. | 0.76% | 109,541 | $37.4M | Reduce -1.8% |
| GILD Gilead Sciences Inc. | 0.75% | 334,476 | $37.1M | Reduce -4.3% |
| KMB Kimberly-Clark Corp. | 0.73% | 288,571 | $35.9M | Reduce -0.2% |
| TFC Truist Financial Corp. | 0.67% | 722,761 | $33.0M | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 0.64% | 100,983 | $31.9M | Reduce -2.8% |
| PFE Pfizer Inc. | 0.64% | 1,246,765 | $31.8M | Add +0.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.63% | 111,014 | $31.0M | Reduce -1.5% |
| VST Vistra Corp. | 0.61% | 154,838 | $30.3M | Reduce -14.2% |
| MLM Martin Marietta Materials | 0.61% | 48,068 | $30.3M | Reduce -0.8% |
| ABBNY Abb Ltd.-Spon ADR | 0.58% | 400,096 | $28.8M | Reduce -0.4% |
| MSCI MSCI Inc. | 0.58% | 50,639 | $28.7M | Reduce -2.6% |
| MELI MercadoLibre Inc. | 0.58% | 12,226 | $28.6M | Add +0.8% |
| SHEL Shell PLC-ADR | 0.57% | 394,356 | $28.2M | Reduce -1.4% |
| VEEV Veeva Systems Inc. Class A | 0.56% | 93,181 | $27.8M | No change |
| CINF Cincinnati Financial Corp. | 0.54% | 168,002 | $26.6M | Reduce -0.5% |
| DINO HF Sinclair Corp. | 0.53% | 496,999 | $26.0M | Reduce -0.8% |
| T AT&T Inc. | 0.53% | 921,056 | $26.0M | Reduce -1.7% |
| CLX Clorox Company | 0.51% | 206,132 | $25.4M | Reduce -0.9% |
| BKNG Booking Holdings Inc. | 0.50% | 4,552 | $24.6M | Reduce -2.5% |
| V Visa Inc. Class A | 0.49% | 70,333 | $24.0M | Reduce -0.1% |
| NEM Newmont Corp. | 0.48% | 279,420 | $23.6M | Reduce -2.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.46% | 297,777 | $22.8M | Add +2.3% |
| UL Unilever PLC | 0.44% | 364,944 | $21.6M | Reduce -1.0% |
| RTX RTX Corp. | 0.42% | 124,110 | $20.8M | Reduce -1.3% |
| CFG Citizens Financial Group | 0.41% | 383,714 | $20.4M | Reduce -3.3% |
| CRH CRH PLC | 0.41% | 167,445 | $20.1M | No change |
| SAP Sap SE-Sponsored ADR | 0.41% | 75,000 | $20.0M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.40% | 20,628 | $20.0M | Reduce -0.3% |
| RIO Rio Tinto PLC-Spon ADR | 0.40% | 297,740 | $19.7M | Reduce -0.1% |
| LIN Linde PLC | 0.40% | 41,341 | $19.6M | Add +0.1% |
| VRSK Verisk Analytics Inc. | 0.40% | 77,892 | $19.6M | Add +6.9% |
| CSGP Costar Group Inc. | 0.40% | 231,626 | $19.5M | Reduce -14.2% |
| GIS General Mills Inc. | 0.39% | 383,493 | $19.3M | Reduce -0.5% |
| FOUR SHIFT4 Payments Inc. Class A | 0.39% | 249,606 | $19.3M | Reduce -23.1% |
| TRU Transunion | 0.38% | 226,391 | $19.0M | Reduce -6.6% |
| VRT Vertiv Holdings Co. Class A | 0.37% | 122,498 | $18.5M | Reduce -11.2% |
| EMR Emerson Electric Co. | 0.37% | 140,682 | $18.5M | Reduce -1.7% |
| PYPL PayPal Holdings Inc. | 0.37% | 275,126 | $18.4M | Reduce -1.9% |
| VRNS Varonis Systems Inc. | 0.36% | 306,835 | $17.6M | No change |
| RSG Republic Services Inc. | 0.34% | 73,861 | $16.9M | Reduce -0.1% |
| GFL GFL Environmental Inc.-Sub VT | 0.34% | 350,000 | $16.6M | No change |
| KNSL Kinsale Capital Group Inc. | 0.33% | 37,990 | $16.2M | No change |
| LGND Ligand Pharmaceuticals | 0.33% | 91,167 | $16.1M | No change |
| BP BP PLC-Spons ADR | 0.33% | 468,154 | $16.1M | Reduce -3.5% |
| AON Aon PLC Class A | 0.32% | 44,866 | $16.0M | No change |
| GOOG Alphabet Inc. Class C | 0.32% | 64,176 | $15.6M | Add +0.9% |
| DLR Digital Realty Trust Inc. | 0.31% | 90,000 | $15.6M | Reduce -0.3% |
| K Kellanova | 0.31% | 188,907 | $15.5M | Reduce -8.1% |
| ELF Elf Beauty Inc. | 0.31% | 115,647 | $15.3M | Reduce -35.5% |
| OLED Universal Display Corp. | 0.31% | 105,487 | $15.2M | No change |
| GSK GSK PLC-Spon ADR | 0.30% | 342,974 | $14.8M | Reduce -0.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.30% | 56,425 | $14.6M | New |
| PCOR Procore Technologies Inc. | 0.29% | 196,800 | $14.4M | Reduce -11.7% |
| CPRT Copart Inc. | 0.29% | 316,351 | $14.2M | No change |
| NTRA Natera Inc. | 0.29% | 88,174 | $14.2M | No change |
| ADM Archer-Daniels-Midland Co. | 0.29% | 237,140 | $14.2M | Reduce -1.2% |
| AME Ametek Inc. | 0.29% | 75,275 | $14.2M | Reduce -19.5% |
| ALC Alcon Inc. filed as ALCON AG | 0.28% | 188,958 | $14.1M | Reduce -6.9% |
| LYV Live Nation Entertainment Inc. | 0.28% | 86,000 | $14.1M | No change |
| COR Cencora Inc. | 0.28% | 44,595 | $13.9M | No change |
| AVGO Broadcom Inc. | 0.28% | 42,242 | $13.9M | Add +1.0% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 306,109 | $13.8M | Reduce -0.5% |
| CAG Conagra Brands Inc. | 0.28% | 743,008 | $13.6M | Reduce -10.6% |
| WT Wisdomtree Inc. | 0.27% | 970,830 | $13.5M | No change |
| SYY Sysco Corp. | 0.27% | 163,136 | $13.4M | Reduce -6.5% |
| UBER Uber Technologies Inc. | 0.27% | 137,036 | $13.4M | Reduce -6.3% |
| MA Mastercard Inc. Class A | 0.27% | 23,306 | $13.3M | Add +0.6% |
| SNOW Snowflake Inc. | 0.27% | 58,725 | $13.2M | Add +13.2% |
| WMS Advanced Drainage Systems Inc. | 0.27% | 94,480 | $13.1M | Reduce -29.9% |
| BIRK Birkenstock Holding PLC | 0.26% | 287,505 | $13.0M | Add +12.1% |
| EGY Vaalco Energy Inc. | 0.26% | 3,200,015 | $12.9M | Add +6.6% |
| AVAV Aerovironment Inc. | 0.26% | 40,630 | $12.8M | Reduce -0.7% |
Other holdings (14): bonds, preferreds, convertibles and warrants · $34.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 110,000 | $7.6M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 150,000 | $5.9M | Add +11.1% |
| 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 | $2.8M | No change |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 1,100,000 | $2.6M | Reduce -15.4% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 1,250,000 | $2.0M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,000,000 | $2.0M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 2,000,000 | $1.7M | No change |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 30,000 | $1.6M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 750,000 | $1.3M | No change |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 600,000 | $770K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 750,000 | $693K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 500,000 | $474K | No change |
| APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) | NOTE 3.500% 9/1 · principal | 300,000 | $310K | No change |
Total filed on the 13F, all lines: $5.0B.
Portfolio Sells Q2 2025 → Q3 2025
| HES Hess Corp. | Sold out | 0.00% | −1.58 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -23.1% | 0.39% | −0.26 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.23 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.22 |
| FERG Ferguson Enterprises Inc. | Reduce -88.3% | 0.03% | −0.21 |
| DV Doubleverify Holdings Inc. | Reduce -56.4% | 0.10% | −0.19 |
| TIC Tic Solutions Inc. | Reduce -54.0% | 0.08% | −0.18 |
| MKTX Marketaxess Holdings Inc. | Reduce -82.6% | 0.03% | −0.18 |
| HUBS HubSpot Inc. | Reduce -93.0% | 0.01% | −0.16 |
| KBR KBR Inc. | Sold out | 0.00% | −0.16 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.15 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.15 |
| ELF Elf Beauty Inc. | Reduce -35.5% | 0.31% | −0.14 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.13 |
| AJG Arthur J Gallagher & Co. | Reduce -4.4% | 1.55% | −0.13 |
| WING Wingstop Inc. | Reduce -75.8% | 0.03% | −0.13 |
| INSP Inspire Medical Systems Inc. | Reduce -88.5% | 0.01% | −0.12 |
| PLMR Palomar Holdings Inc. | Reduce -26.4% | 0.15% | −0.12 |
| LULU Lululemon Athletica Inc. | Reduce -82.6% | 0.02% | −0.12 |
| CMCSA Comcast Corp. Class A | Reduce -52.2% | 0.09% | −0.12 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.12 |
| IBP Installed Building Products | Sold out | 0.00% | −0.11 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.11 |
| ICFI Icf International Inc. | Reduce -60.9% | 0.08% | −0.11 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.10 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.10 |
| VST Vistra Corp. | Reduce -14.2% | 0.61% | −0.10 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.09 |
| HLNE Hamilton Lane Inc. Class A | Reduce -42.2% | 0.11% | −0.09 |
| PD Pagerduty Inc. | Sold out | 0.00% | −0.09 |
| MDGL Madrigal Pharmaceuticals Inc. | Sold out | 0.00% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -0.6% | 1.47% | −0.08 |
| GTLS Chart Industries Inc. | Reduce -47.4% | 0.14% | −0.08 |
| IQV Iqvia Holdings Inc. | Reduce -53.3% | 0.10% | −0.08 |
| ALC Alcon Inc. | Reduce -6.9% | 0.28% | −0.08 |
| STRL Sterling Infrastructure Inc. | Reduce -51.9% | 0.19% | −0.08 |
| CRM Salesforce Inc. | Reduce -47.9% | 0.06% | −0.08 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.08 |
| ICLR Icon PLC | Reduce -39.3% | 0.19% | −0.07 |
| KO The Coca-Cola Co. | Reduce -1.2% | 0.86% | −0.07 |
| CAG Conagra Brands Inc. | Reduce -10.6% | 0.28% | −0.07 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -56.6% | 0.05% | −0.07 |
| ESTA Establishment Labs Holdings | Reduce -27.9% | 0.15% | −0.07 |
| HEI.A Heico Corp. Class A | Reduce -31.1% | 0.14% | −0.07 |
| PTLO Portillo's Inc. Class A | Reduce -77.5% | 0.01% | −0.06 |
| AME Ametek Inc. | Reduce -19.5% | 0.29% | −0.06 |
| UPS United Parcel Service Class B | Reduce -32.3% | 0.07% | −0.06 |
| BKNG Booking Holdings Inc. | Reduce -2.5% | 0.50% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 1.13% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -1.9% | 0.37% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| CVX Chevron Corp. | Add +122.7% | 3.15% | +1.84 |
| AAPL Apple Inc. | Add +0.1% | 2.23% | +0.43 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.30% | +0.30 |
| APA Apa Corp. | Add +7.5% | 0.92% | +0.27 |
| RGEN Repligen Corp. | New | 0.21% | +0.21 |
| JHX James Hardie Ind PLC | New | 0.19% | +0.19 |
| FIX Comfort Systems USA Inc. | New | 0.18% | +0.18 |
| MOD Modine Manufacturing Co. | New | 0.16% | +0.16 |
| CCL Carnival Corp. | New | 0.15% | +0.15 |
| CVLT Commvault Systems Inc. | New | 0.15% | +0.15 |
| RBLX Roblox Corp. Class A | New | 0.15% | +0.15 |
| ECG Everus Construction Group | New | 0.14% | +0.14 |
| DORM Dorman Products Inc. | New | 0.13% | +0.13 |
| HWM Howmet Aerospace Inc. | New | 0.12% | +0.12 |
| AXON Axon Enterprise Inc. | New | 0.12% | +0.12 |
| AMP Ameriprise Financial Inc. | New | 0.11% | +0.11 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.11% | +0.11 |
| TCEHY Tencent Holdings Ltd.-Uns ADR | New | 0.11% | +0.11 |
| WLDN Willdan Group Inc. | Add +161.5% | 0.14% | +0.11 |
| GWW WW Grainger Inc. | Add +282.4% | 0.14% | +0.10 |
| PJT PJT Partners Inc. Class A | New | 0.10% | +0.10 |
| VNOM Viper Energy Inc. Class A | New | 0.10% | +0.10 |
| OS Onestream Inc. | New | 0.09% | +0.09 |
| PAY Paymentus Holdings Inc. Class A | New | 0.09% | +0.09 |
| ADMA Adma Biologics Inc. | Add +652.0% | 0.11% | +0.09 |
| KAI Kadant Inc. | New | 0.09% | +0.09 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 0.32% | +0.09 |
| IONQ Ionq Inc. | New | 0.09% | +0.09 |
| SKYT Skywater Technology Inc. | New | 0.08% | +0.08 |
| PEP Pepsico Inc. | Add +0.4% | 1.17% | +0.07 |
| RDDT Reddit Inc. Class A | New | 0.07% | +0.07 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +2.3% | 0.22% | +0.07 |
| MRK Merck & Co. Inc. | Add +1.3% | 0.93% | +0.06 |
| FAST Fastenal Co. | Add +77.3% | 0.11% | +0.06 |
| AGX Argan Inc. | New | 0.05% | +0.05 |
| AZN Astrazeneca PLC-Spons ADR | Add +2.3% | 0.46% | +0.05 |
| SEI Solaris Energy Infrastructur | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | Add +1.0% | 0.28% | +0.05 |
| ROST Ross Stores Inc. | Add +28.8% | 0.13% | +0.05 |
| WAY Waystar Holding Corp. | Add +65.9% | 0.13% | +0.05 |
| EGY Vaalco Energy Inc. | Add +6.6% | 0.26% | +0.04 |
| PI Impinj Inc. | New | 0.03% | +0.03 |
| DDOG Datadog Inc. Class A | Add +19.8% | 0.16% | +0.03 |
| SNOW Snowflake Inc. | Add +13.2% | 0.27% | +0.03 |
| CAVA Cava Group Inc. | New | 0.03% | +0.03 |
| PFE Pfizer Inc. | Add +0.2% | 0.64% | +0.03 |
| BHP BHP Group Ltd.-Spon ADR | Add +2.1% | 0.19% | +0.03 |
| EXPE Expedia Group Inc. | Add +0.1% | 0.12% | +0.03 |
| LION Lionsgate Studios Corp. | Add +0.1% | 0.16% | +0.03 |
| ABBV Abbvie Inc. | Add +4.7% | 0.10% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 1,000,000 | $6.3Mbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +11.1% | 150,000 | $5.9M |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | Reduce -15.4% | 1,100,000 | $2.6M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 2,000,000 | $2.0M |
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 |