NFJ Investment Group, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), NFJ Investment Group, LLC reported 228 stock positions worth $2.8 billion. Its top holding was Schwab (charles) (SCHW) at 3.1% of the portfolio, followed by Marvell Technology (MRVL, 3.1%) and HF Sinclair (DINO, 3.1%). Compared with Q3 2025, it opened 35 new positions, sold out of 72, added to 25 and reduced 143. The biggest buy was HF Sinclair (DINO, shares +1275%) and the biggest sale an exit from Alexandria Real Estate Equit (ARE).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001862664
- Portfolio Value
- $2.8B (Q4 2025)
- SEC Filing
- 0001862664-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 228 stocks · $2.8B
| SCHW Schwab (charles) Corp. | 3.14% | 874,355 | $87.4M | Add +83.9% |
| MRVL Marvell Technology Inc. | 3.13% | 1,022,834 | $86.9M | Add +110.4% |
| DINO HF Sinclair Corp. | 3.11% | 1,873,541 | $86.3M | Add +1275.3% |
| GOOGL Alphabet Inc. Class A | 3.02% | 267,877 | $83.8M | Reduce -20.7% |
| PLD Prologis Inc. | 2.79% | 608,354 | $77.7M | Reduce -13.3% |
| BKNG Booking Holdings Inc. | 2.42% | 12,559 | $67.3M | New |
| NEE Nextera Energy Inc. | 2.24% | 775,850 | $62.3M | Reduce -22.0% |
| AMZN Amazon.com Inc. | 2.09% | 251,358 | $58.0M | Add +6.3% |
| PFE Pfizer Inc. | 1.96% | 2,182,350 | $54.3M | Reduce -6.5% |
| SWK Stanley Black & Decker Inc. | 1.95% | 730,245 | $54.2M | Reduce -4.1% |
| GBCI Glacier Bancorp Inc. | 1.88% | 1,189,006 | $52.4M | Reduce -3.3% |
| RGLD Royal Gold Inc. | 1.83% | 228,607 | $50.8M | New |
| CRM Salesforce Inc. | 1.73% | 181,699 | $48.1M | Add +29.0% |
| PNFP Pinnacle Financial Partners | 1.56% | 453,444 | $43.3M | Reduce -2.7% |
| AMD Advanced Micro Devices | 1.54% | 200,138 | $42.9M | Reduce -22.0% |
| CBSH Commerce Bancshares Inc. | 1.52% | 809,553 | $42.4M | Add +1.9% |
| EQIX Equinix Inc. | 1.52% | 55,079 | $42.2M | Add +388.8% |
| MSFT Microsoft Corp. | 1.45% | 83,417 | $40.3M | Add +39.5% |
| UMBF Umb Financial Corp. | 1.44% | 348,236 | $40.1M | Reduce -2.6% |
| CBU Community Financial System I | 1.44% | 695,820 | $40.0M | Reduce -4.2% |
| JPM JPMorgan Chase & Co. | 1.39% | 120,208 | $38.7M | Reduce -5.7% |
| CART Maplebear Inc. | 1.30% | 805,681 | $36.2M | New |
| INDB Independent Bank Corp. | 1.26% | 478,234 | $34.9M | Reduce -3.5% |
| UBER Uber Technologies Inc. | 1.16% | 394,961 | $32.3M | Add +33.0% |
| SSB Southstate Bank Corp. | 1.11% | 328,653 | $30.9M | New |
| CHRW C.H. Robinson Worldwide Inc. | 1.05% | 181,842 | $29.2M | Reduce -13.6% |
| COIN Coinbase Global Inc. Class A | 1.05% | 129,222 | $29.2M | New |
| ONB Old National Bancorp | 1.03% | 1,279,520 | $28.5M | Reduce -1.9% |
| HD Home Depot Inc. | 1.01% | 81,869 | $28.2M | Reduce -20.8% |
| NTR Nutrien Ltd. | 0.98% | 436,521 | $27.3M | Add +3125.6% |
| CADE Cadence Bank | 0.98% | 634,326 | $27.2M | Add +0.4% |
| LLY Eli Lilly & Co. | 0.96% | 24,881 | $26.7M | Reduce -12.9% |
| FFIN First Finl Bankshares Inc. | 0.95% | 885,328 | $26.4M | Reduce -2.5% |
| BLK BlackRock Inc. | 0.95% | 24,586 | $26.3M | Reduce -21.5% |
| MPC Marathon Petroleum Corp. | 0.92% | 157,776 | $25.7M | New |
| LKFN Lakeland Financial Corp. | 0.92% | 449,242 | $25.6M | Reduce -5.4% |
| UHS Universal Health Services-B | 0.91% | 116,627 | $25.4M | Reduce -14.1% |
| HCA HCA Healthcare Inc. | 0.90% | 53,834 | $25.1M | Reduce -25.0% |
| ABBV Abbvie Inc. | 0.89% | 107,711 | $24.6M | Reduce -14.9% |
| HOMB Home Bancshares Inc. | 0.87% | 874,250 | $24.3M | Reduce -2.9% |
| TFC Truist Financial Corp. | 0.86% | 486,958 | $24.0M | Reduce -14.8% |
| INTU Intuit Inc. | 0.86% | 35,899 | $23.8M | Reduce -30.6% |
| FLS Flowserve Corp. | 0.85% | 340,064 | $23.6M | Reduce -20.0% |
| WFC Wells Fargo & Co. | 0.81% | 240,511 | $22.4M | Reduce -30.2% |
| MS Morgan Stanley | 0.79% | 123,879 | $22.0M | Reduce -14.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.78% | 396,590 | $21.8M | Reduce -4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.77% | 42,681 | $21.5M | Reduce -32.4% |
| META Meta Platforms Inc. Class A | 0.76% | 31,887 | $21.0M | Add +1322.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.75% | 183,567 | $20.9M | Reduce -2.6% |
| PNC PNC Financial Services Group | 0.75% | 99,946 | $20.9M | Reduce -3.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.75% | 541,768 | $20.8M | Reduce -6.9% |
| CVX Chevron Corp. | 0.73% | 132,964 | $20.3M | Reduce -43.9% |
| JD Jd.com Inc.-ADR | 0.72% | 699,518 | $20.1M | Add +61.8% |
| NUE Nucor Corp. | 0.71% | 120,328 | $19.6M | New |
| C Citigroup Inc. | 0.68% | 161,377 | $18.8M | Reduce -19.2% |
| ES Eversource Energy | 0.66% | 270,704 | $18.2M | Reduce -22.1% |
| EOG EOG Resources Inc. | 0.64% | 169,819 | $17.8M | Reduce -3.9% |
| TMO Thermo Fisher Scientific Inc. | 0.63% | 30,246 | $17.5M | Reduce -56.8% |
| AU Anglogold Ashanti PLC | 0.60% | 11,721 | $16.8M | Reduce -10.3% |
| EXEL Exelixis Inc. | 0.58% | 367,111 | $16.1M | Reduce -14.3% |
| TOWN Towne Bank | 0.53% | 444,099 | $14.8M | New |
| XOM Exxon Mobil Corp. | 0.53% | 121,500 | $14.6M | Reduce -63.4% |
| KALU Kaiser Aluminum Corp. | 0.51% | 123,336 | $14.2M | Reduce -3.3% |
| ABNB Airbnb Inc. Class A | 0.50% | 102,863 | $14.0M | New |
| MKSI MKS Inc. | 0.49% | 85,590 | $13.7M | Reduce -15.9% |
| NEM Newmont Corp. | 0.47% | 132,079 | $13.2M | Add +175.6% |
| GS Goldman Sachs Group Inc. | 0.46% | 14,603 | $12.8M | Reduce -5.9% |
| CMC Commercial Metals Co. | 0.45% | 182,031 | $12.6M | New |
| PAAS Pan American Silver Corp. | 0.45% | 241,052 | $12.5M | Reduce -19.9% |
| INVH Invitation Homes Inc. | 0.43% | 432,865 | $12.0M | Reduce -5.6% |
| LFUS Littelfuse Inc. | 0.42% | 46,340 | $11.7M | Add +45.3% |
| FR First Industrial Realty TR | 0.40% | 193,445 | $11.1M | Reduce -19.2% |
| JBTM JBT Marel Corp. | 0.38% | 69,559 | $10.5M | Reduce -8.0% |
| G Genpact Ltd. | 0.37% | 221,340 | $10.4M | Reduce -30.7% |
| ISRG Intuitive Surgical Inc. | 0.37% | 18,207 | $10.3M | Reduce -20.5% |
| APH Amphenol Corp. Class A | 0.37% | 75,144 | $10.2M | Reduce -2.8% |
| CFG Citizens Financial Group | 0.36% | 172,281 | $10.1M | Reduce -0.5% |
| EFSC Enterprise Financial Service | 0.35% | 178,250 | $9.6M | Reduce -3.5% |
| HP Helmerich & Payne | 0.34% | 333,842 | $9.6M | Reduce -12.7% |
| IWD iShares Russell 1000 Value E | 0.31% | 41,105 | $8.6M | Add +1705.2% |
| SBAC SBA Communications Corp. | 0.31% | 44,246 | $8.6M | Reduce -4.4% |
| COST Costco Wholesale Corp. | 0.30% | 9,707 | $8.4M | Reduce -2.8% |
| PATH Uipath Inc. Class A | 0.30% | 508,943 | $8.3M | New |
| BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP | 0.30% | 120,540 | $8.2M | Reduce -1.8% |
| PSX Phillips 66 | 0.29% | 62,574 | $8.1M | Add +359.2% |
| MGA Magna International Inc. | 0.29% | 150,869 | $8.0M | Reduce -9.0% |
| MTDR Matador Resources Co. | 0.29% | 187,021 | $7.9M | Reduce -9.1% |
| WD Walker & Dunlop Inc. | 0.28% | 129,036 | $7.8M | Reduce -23.8% |
| UPS United Parcel Service Class B | 0.27% | 75,676 | $7.5M | Reduce -58.9% |
| PCH Potlatchdeltic Corp. | 0.27% | 186,490 | $7.4M | Reduce -12.3% |
| APTV Aptiv PLC | 0.26% | 93,354 | $7.1M | Reduce -63.5% |
| GTY Getty Realty Corp. | 0.25% | 257,140 | $7.0M | Reduce -3.8% |
| COO The Cooper Cos Inc. | 0.25% | 85,579 | $7.0M | Reduce -12.0% |
| LYFT LYFT Inc. Class A | 0.25% | 355,666 | $6.9M | Reduce -2.7% |
| EWBC East West Bancorp Inc. | 0.24% | 58,335 | $6.6M | Reduce -2.7% |
| LUV Southwest Airlines Co. | 0.22% | 150,436 | $6.2M | Reduce -6.7% |
| XYL Xylem Inc. | 0.22% | 44,235 | $6.0M | Reduce -26.2% |
| AMT American Tower Corp. | 0.22% | 34,067 | $6.0M | Add +20.6% |
| GRAB Grab Holdings Ltd. Class A | 0.21% | 1,178,918 | $5.9M | New |
| ADBE Adobe Inc. | 0.21% | 16,797 | $5.9M | Add +5.5% |
Portfolio Sells Q3 2025 → Q4 2025
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −3.33 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −1.45 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −1.08 |
| OVV Ovintiv Inc. | Reduce -92.2% | 0.09% | −1.01 |
| USB US Bancorp | Reduce -99.9% | 0.00% | −1.01 |
| BALL Ball Corp. | Sold out | 0.00% | −0.86 |
| XOM Exxon Mobil Corp. | Reduce -63.4% | 0.53% | −0.76 |
| AES AES Corp. | Sold out | 0.00% | −0.76 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.65 |
| OSK Oshkosh Corp. | Sold out | 0.00% | −0.64 |
| RBA RB Global Inc. | Sold out | 0.00% | −0.62 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.59 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.54 |
| TMO Thermo Fisher Scientific Inc. | Reduce -56.8% | 0.63% | −0.53 |
| CVX Chevron Corp. | Reduce -43.9% | 0.73% | −0.53 |
| APTV Aptiv PLC | Reduce -63.5% | 0.26% | −0.50 |
| VEEV Veeva Systems Inc. Class A | Reduce -66.7% | 0.16% | −0.46 |
| FMC FMC Corp. | Sold out | 0.00% | −0.44 |
| HD Home Depot Inc. | Reduce -20.8% | 1.01% | −0.42 |
| ALLE Allegion PLC | Sold out | 0.00% | −0.38 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.38 |
| INTU Intuit Inc. | Reduce -30.6% | 0.86% | −0.36 |
| ADUS Addus Homecare Corp. | Reduce -99.7% | 0.00% | −0.35 |
| NEE Nextera Energy Inc. | Reduce -22.0% | 2.24% | −0.34 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -32.4% | 0.77% | −0.32 |
| BLK BlackRock Inc. | Reduce -21.5% | 0.95% | −0.31 |
| WGO Winnebago Industries | Reduce -99.8% | 0.00% | −0.27 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.26 |
| ASH Ashland Inc. | Sold out | 0.00% | −0.26 |
| UPS United Parcel Service Class B | Reduce -58.9% | 0.27% | −0.26 |
| SCL Stepan Co. | Sold out | 0.00% | −0.26 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.25 |
| LGIH Lgi Homes Inc. | Sold out | 0.00% | −0.24 |
| ZTS Zoetis Inc. | Reduce -99.8% | 0.00% | −0.23 |
| WERN Werner Enterprises Inc. | Sold out | 0.00% | −0.23 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.22 |
| WD Walker & Dunlop Inc. | Reduce -23.8% | 0.28% | −0.21 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.20 |
| ES Eversource Energy | Reduce -22.1% | 0.66% | −0.19 |
| CSGP Costar Group Inc. | Reduce -58.1% | 0.10% | −0.19 |
| IQV Iqvia Holdings Inc. | Reduce -99.7% | 0.00% | −0.19 |
| WFC Wells Fargo & Co. | Reduce -30.2% | 0.81% | −0.19 |
| TTC Toro Co. | Reduce -99.8% | 0.00% | −0.18 |
| BC Brunswick Corp. | Sold out | 0.00% | −0.18 |
| ESS Essex Property Trust Inc. | Sold out | 0.00% | −0.18 |
| GBCI Glacier Bancorp Inc. | Reduce -3.3% | 1.88% | −0.17 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.16 |
| YETI Yeti Holdings Inc. | Reduce -71.0% | 0.11% | −0.16 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.15 |
| HCA HCA Healthcare Inc. | Reduce -25.0% | 0.90% | −0.15 |
Portfolio Buys Q3 2025 → Q4 2025
| DINO HF Sinclair Corp. | Add +1275.3% | 3.11% | +2.86 |
| BKNG Booking Holdings Inc. | New | 2.42% | +2.42 |
| RGLD Royal Gold Inc. | New | 1.83% | +1.83 |
| MRVL Marvell Technology Inc. | Add +110.4% | 3.13% | +1.72 |
| SCHW Schwab (charles) Corp. | Add +83.9% | 3.14% | +1.58 |
| CART Maplebear Inc. | New | 1.30% | +1.30 |
| EQIX Equinix Inc. | Add +388.8% | 1.52% | +1.22 |
| SSB Southstate Bank Corp. | New | 1.11% | +1.11 |
| COIN Coinbase Global Inc. Class A | New | 1.05% | +1.05 |
| NTR Nutrien Ltd. | Add +3125.6% | 0.98% | +0.94 |
| MPC Marathon Petroleum Corp. | New | 0.92% | +0.92 |
| NUE Nucor Corp. | New | 0.71% | +0.71 |
| META Meta Platforms Inc. Class A | Add +1322.3% | 0.76% | +0.70 |
| CRM Salesforce Inc. | Add +29.0% | 1.73% | +0.58 |
| TOWN Towne Bank | New | 0.53% | +0.53 |
| ABNB Airbnb Inc. Class A | New | 0.50% | +0.50 |
| CMC Commercial Metals Co. | New | 0.45% | +0.45 |
| MSFT Microsoft Corp. | Add +39.5% | 1.45% | +0.39 |
| NEM Newmont Corp. | Add +175.6% | 0.47% | +0.34 |
| AMZN Amazon.com Inc. | Add +6.3% | 2.09% | +0.30 |
| PATH Uipath Inc. Class A | New | 0.30% | +0.30 |
| IWD iShares Russell 1000 Value E | Add +1705.2% | 0.31% | +0.30 |
| PSX Phillips 66 | Add +359.2% | 0.29% | +0.23 |
| GRAB Grab Holdings Ltd. Class A | New | 0.21% | +0.21 |
| JD Jd.com Inc.-ADR | Add +61.8% | 0.72% | +0.20 |
| CATY Cathay General Bancorp | New | 0.20% | +0.20 |
| QXO Qxo Inc. | New | 0.19% | +0.19 |
| UWMC Uwm Holdings Corp. | New | 0.19% | +0.19 |
| TRIP Tripadvisor Inc. | New | 0.17% | +0.17 |
| CADE Cadence Bank | Add +0.4% | 0.98% | +0.16 |
| UBER Uber Technologies Inc. | Add +33.0% | 1.16% | +0.16 |
| VIK Viking Holdings Ltd. | New | 0.15% | +0.15 |
| TKO Tko Group Holdings Inc. | New | 0.14% | +0.14 |
| LFUS Littelfuse Inc. | Add +45.3% | 0.42% | +0.14 |
| WOR Worthington Enterprises Inc. | Add +264.8% | 0.18% | +0.13 |
| RKT Rocket Cos Inc. Class A | New | 0.12% | +0.12 |
| CMCL Caledonia Mining Corp. PLC | New | 0.11% | +0.11 |
| ZETA Zeta Global Holdings Corp. Class A | New | 0.10% | +0.10 |
| KGS Kodiak Gas Services Inc. | New | 0.10% | +0.10 |
| SMG Scotts Miracle-Gro Co. | New | 0.10% | +0.10 |
| LNG Cheniere Energy Inc. | New | 0.10% | +0.10 |
| CHEF The Chefs' Warehouse Inc. | New | 0.09% | +0.09 |
| EE Excelerate Energy Inc. Class A | New | 0.09% | +0.09 |
| CTRI Centuri Holdings Inc. | New | 0.09% | +0.09 |
| CURB Curbline Properties Corp. | New | 0.09% | +0.09 |
| YOU Clear Secure Inc. Class A | New | 0.09% | +0.09 |
| CRGY Crescent Energy Inc. Class A | New | 0.09% | +0.09 |
| CNR Core Natural Resources Inc. | New | 0.09% | +0.09 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +1474.2% | 0.06% | +0.06 |
| AMT American Tower Corp. | Add +20.6% | 0.22% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| SOBO South Bow Corp. | COM | New | 0 | $0 |
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 | 208 | $3.0B | DINO, AAPL, GEV, LLY, SCHW |
| Q1 2026 | 221 | $2.6B | DINO, MRVL, SCHW, PLD, GOOGL |
| Q4 2025 | 228 | $2.8B | SCHW, MRVL, DINO, GOOGL, PLD |
| Q3 2025 | 265 | $2.9B | ARE, GOOGL, PLD, NEE, GBCI |
| Q2 2025 | 271 | $2.9B | NEE, BAC, ES, INTU, GOOGL |
| Q1 2025 | 282 | $3.0B | NEE, ES, REXR, PLD, BAC |
| Q4 2024 | 270 | $3.1B | BAC, NEE, ARE, REXR, INTU |
| Q3 2024 | 271 | $3.4B | ARE, NEE, REXR, BAC, ES |
| Q2 2024 | 251 | $3.3B | ARE, REXR, NEE, BAC, INTU |
| Q1 2024 | 236 | $3.7B | BAC, ARE, REXR, NEE, ES |