Payden & Rygel

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed October 7, 2024), Payden & Rygel reported 122 stock positions worth $1.2 billion. Its top holding was Arthur J Gallagher (AJG) at 3.0% of the portfolio, followed by JPMorgan Chase (JPM, 3.0%) and Invesco Nasdaq 100 ETF (QQQM, 2.8%). Compared with Q1 2024, it opened 6 new positions, sold out of 16, added to 21 and reduced 59. The biggest buy was Invesco Nasdaq 100 ETF (QQQM, shares +489%) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0000919219
Portfolio Value
$1.2B (Q2 2024)
SEC Filing
0000919219-24-000011 ↗ filed Oct 7, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.2B $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 122 stocks · $1.2B
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 3.04% 145,000 $37.6M Add +8.4%
JPM JPMorgan Chase & Co. 3.00% 183,450 $37.1M Reduce -19.1%
QQQM Invesco Nasdaq 100 ETF 2.79% 175,400 $34.6M Add +488.6%
MSFT Microsoft Corp. 2.76% 76,530 $34.2M Reduce -10.5%
XOM Exxon Mobil Corp. 2.58% 277,350 $31.9M Reduce -14.8%
MCK McKesson Corp. 2.32% 49,200 $28.7M Add +14.9%
WMT Walmart Inc. 2.11% 386,000 $26.1M Reduce -39.3%
NEE Nextera Energy Inc. 2.08% 363,600 $25.7M Add +58.3%
AVGO Broadcom Inc. 2.06% 15,910 $25.5M Reduce -9.1%
DUK Duke Energy Corp. 1.94% 239,890 $24.0M Add +42.1%
CRH CRH PLC 1.93% 318,800 $23.9M Add +30.0%
LLY Eli Lilly & Co. 1.77% 24,220 $21.9M Reduce -8.7%
ET Energy Transfer LP 1.75% 1,332,490 $21.6M Add +4.0%
AMP Ameriprise Financial Inc. 1.73% 50,200 $21.4M Reduce -9.6%
AAPL Apple Inc. 1.67% 97,900 $20.6M Add +8.7%
ROST Ross Stores Inc. 1.64% 139,900 $20.3M Add +45.3%
EMR Emerson Electric Co. 1.64% 184,500 $20.3M Reduce -29.5%
LIN Linde PLC 1.63% 46,000 $20.2M Reduce -10.2%
MCD McDonald's Corp. 1.61% 78,300 $20.0M Reduce -3.0%
LHX L3HARRIS Technologies Inc. 1.60% 88,400 $19.9M Reduce -16.2%
CB Chubb Ltd. 1.59% 77,270 $19.7M Add +20.0%
DLR Digital Realty Trust Inc. 1.59% 129,400 $19.7M Reduce -7.8%
WFC Wells Fargo & Co. 1.59% 330,800 $19.6M Reduce -27.1%
VZ Verizon Communications Inc. 1.57% 472,290 $19.5M Reduce -25.6%
EPD Enterprise Products Partners 1.57% 669,370 $19.4M Reduce -8.6%
MET Metlife Inc. 1.55% 273,500 $19.2M Reduce -7.5%
FIS Fidelity National Info Serv 1.54% 252,100 $19.0M Add +27.5%
COST Costco Wholesale Corp. 1.52% 22,200 $18.9M Reduce -19.0%
MS Morgan Stanley 1.51% 192,800 $18.7M Reduce -9.3%
PG The Procter & Gamble Co. 1.47% 110,280 $18.2M Reduce -9.0%
SYK Stryker Corp. 1.42% 51,500 $17.5M New
ACM Aecom 1.41% 198,270 $17.5M Add +24.3%
AMZN Amazon.com Inc. 1.40% 89,870 $17.4M Reduce -8.8%
PSX Phillips 66 1.29% 113,100 $16.0M Add +51.8%
ETN Eaton Corp. PLC 1.26% 49,540 $15.5M Reduce -10.2%
AXP American Express Co. 1.25% 67,000 $15.5M Add +3.1%
META Meta Platforms Inc. Class A 1.23% 30,210 $15.2M Add +4.9%
GOOGL Alphabet Inc. Class A 1.22% 82,600 $15.0M Reduce -26.6%
ITT Itt Inc. 1.21% 115,500 $14.9M New
PLD Prologis Inc. 1.20% 132,600 $14.9M Reduce -31.1%
MRK Merck & Co. Inc. 1.20% 120,150 $14.9M Reduce -8.8%
AMAT Applied Materials Inc. 1.20% 62,810 $14.8M Reduce -10.5%
KO The Coca-Cola Co. 1.19% 231,560 $14.7M Reduce -27.3%
TMUS T-Mobile US Inc. 1.15% 80,900 $14.3M Reduce -9.5%
V Visa Inc. Class A 1.15% 54,000 $14.2M Reduce -47.4%
HD Home Depot Inc. 1.14% 40,870 $14.1M Add +40.6%
AMT American Tower Corp. 1.07% 67,900 $13.2M New
SPG Simon Property Group Inc. 1.06% 86,450 $13.1M Add +27.4%
NXST Nexstar Media Group Inc. 1.05% 78,500 $13.0M Reduce -10.7%
QCOM Qualcomm Inc. 1.04% 64,900 $12.9M Reduce -9.9%
DELL Dell Technologies -C 1.03% 92,200 $12.7M Reduce -8.7%
SPGI S&P Global Inc. 1.01% 28,100 $12.5M Reduce -46.2%
AVB Avalonbay Communities Inc. 1.01% 60,300 $12.5M New
COP Conocophillips 1.00% 107,700 $12.3M Reduce -37.5%
EOG EOG Resources Inc. 0.98% 96,800 $12.2M Reduce -25.3%
DHI D.R. Horton Inc. 0.96% 84,020 $11.8M Reduce -24.9%
HON Honeywell International Inc. 0.94% 54,600 $11.7M Reduce -39.6%
ARES Ares Management Corp. Class A 0.93% 86,000 $11.5M New
AMGN Amgen Inc. 0.89% 35,200 $11.0M Reduce -39.2%
UNP Union Pacific Corp. 0.82% 44,900 $10.2M Reduce -29.6%
GE General Electric filed as GE AEROSPACE 0.82% 63,900 $10.2M Reduce -1.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.74% 53,200 $9.2M Reduce -2.0%
ORCL Oracle Corp. 0.74% 64,990 $9.2M Reduce -55.7%
EQT Eqt Corp. 0.68% 228,020 $8.4M No change
DAL Delta Air Lines Inc. 0.64% 167,500 $7.9M Reduce -45.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.61% 75,830 $7.5M Add +452.3%
JNJ Johnson & Johnson 0.52% 43,800 $6.4M Reduce -51.8%
CME Cme Group Inc. 0.51% 32,300 $6.3M Add +1142.3%
VST Vistra Corp. 0.49% 70,100 $6.0M New
IJH iShares Core S&P Midcap ETF 0.32% 66,609 $3.9M Reduce -58.1%
PEP Pepsico Inc. 0.31% 23,100 $3.8M Reduce -73.1%
UNH Unitedhealth Group Inc. 0.19% 4,580 $2.3M Reduce -84.9%
NVDA Nvidia Corp. 0.18% 18,000 $2.2M No change
SUSB iShares ESG Aware 1-5 Year U 0.18% 88,579 $2.2M Add +6.9%
LMT Lockheed Martin Corp. 0.16% 4,120 $1.9M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 44,600 $1.8M No change
FDX FedEx Corp. 0.14% 5,800 $1.7M Reduce -1.7%
CSCO Cisco Systems Inc. 0.14% 35,370 $1.7M Reduce -25.6%
WMB Williams Cos Inc. 0.12% 35,660 $1.5M Reduce -34.6%
NFLX Netflix Inc. 0.10% 1,910 $1.3M Reduce -13.6%
IVW iShares S&P 500 Growth ETF 0.10% 13,306 $1.2M Reduce -94.0%
MMP Magellan Midstream Partners 0.09% 15,600 $1.1M No change
CRM Salesforce Inc. 0.09% 4,100 $1.1M Reduce -93.0%
TMO Thermo Fisher Scientific Inc. 0.08% 1,800 $995K Reduce -37.9%
WM Waste Management Inc. 0.08% 4,600 $981K No change
ABBV Abbvie Inc. 0.07% 5,010 $859K No change
DE Deere & Co. 0.07% 2,300 $859K No change
PFE Pfizer Inc. 0.07% 29,980 $839K Reduce -88.9%
SUSC iShares ESG Aware Usd Corpor 0.07% 35,557 $808K Add +15.8%
CMCSA Comcast Corp. Class A 0.06% 19,470 $762K Reduce -94.0%
NKE Nike Inc. Class B 0.06% 9,900 $746K Reduce -92.4%
BLK BlackRock Finance Inc. 0.06% 900 $709K No change
BA The Boeing Co. 0.05% 3,200 $582K No change
GS Goldman Sachs Group Inc. 0.05% 1,260 $570K No change
DOV Dover Corp. 0.04% 2,680 $484K No change
TXN Texas Instruments Inc. 0.04% 2,300 $447K No change
MCHP Microchip Technology Inc. 0.04% 4,800 $439K No change
RSG Republic Services Inc. 0.03% 1,800 $350K No change
MDLZ Mondelez International Inc. Class A 0.02% 4,570 $299K Reduce -57.2%
CVX Chevron Corp. 0.02% 1,610 $252K No change
DHR Danaher Corp. 0.02% 1,000 $250K No change
MA Mastercard Inc. Class A 0.02% 560 $247K No change
AEP American Electric Power 0.02% 2,500 $219K No change
PSA Public Storage 0.02% 760 $219K No change
GNMA iShares Gnma Bond ETF 0.02% 4,553 $196K No change
UPS United Parcel Service Class B 0.02% 1,400 $192K No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.02% 6,550 $188K No change
EXC Exelon Corp. 0.01% 5,110 $177K No change
DVN Devon Energy Corp. 0.01% 3,500 $166K No change
NATIONWIDE HEALTH PPTYS INC 0.01% 3,900 $165K No change
PBR Petroleo Brasileiro-Spon ADR 0.01% 10,210 $148K No change
OVV Ovintiv Inc. 0.01% 3,000 $141K No change
AR Antero Resources Corp. 0.01% 3,910 $128K No change
CRK Comstock Resources Inc. 0.01% 10,620 $110K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.01% 1,747 $90K No change
LYB Lyondellbasell Indu Class A 0.01% 900 $86K Reduce -82.7%
SWN Southwestern Energy Co. 0.01% 9,850 $66K No change
TLH iShares 10-20 Year Treasury 0.00% 586 $60K No change
TELL Tellurian Inc. 0.00% 40,000 $28K No change
ARCC Ares Capital Corp. 0.00% 1,160 $24K No change
GILD Gilead Sciences Inc. 0.00% 180 $12K Reduce -93.3%
VLY Valley National Bancorp 0.00% 483 $4K No change

Portfolio Sells Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −1.67
USB US Bancorp Sold out 0.00% −1.56
IVW iShares S&P 500 Growth ETF Reduce -94.0% 0.10% −1.18
CRM Salesforce Inc. Reduce -93.0% 0.09% −1.12
ABT Abbott Laboratories Sold out 0.00% −1.04
CVS CVS Health Corp. Sold out 0.00% −1.00
CMCSA Comcast Corp. Class A Reduce -94.0% 0.06% −0.90
SBUX Starbucks Corp. Sold out 0.00% −0.86
UNH Unitedhealth Group Inc. Reduce -84.9% 0.19% −0.84
ZTS Zoetis Inc. Sold out 0.00% −0.82
V Visa Inc. Class A Reduce -47.4% 1.15% −0.81
NKE Nike Inc. Class B Reduce -92.4% 0.06% −0.78
NUE Nucor Corp. Sold out 0.00% −0.72
PEP Pepsico Inc. Reduce -73.1% 0.31% −0.72
ORCL Oracle Corp. Reduce -55.7% 0.74% −0.52
PLD Prologis Inc. Reduce -31.1% 1.20% −0.51
SPGI S&P Global Inc. Reduce -46.2% 1.01% −0.50
COP Conocophillips Reduce -37.5% 1.00% −0.50
WMT Walmart Inc. Reduce -39.3% 2.11% −0.50
JNJ Johnson & Johnson Reduce -51.8% 0.52% −0.46
PFE Pfizer Inc. Reduce -88.9% 0.07% −0.44
VXUS Vanguard Total Intl Stock Sold out 0.00% −0.42
EMR Emerson Electric Co. Reduce -29.5% 1.64% −0.38
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.37
DAL Delta Air Lines Inc. Reduce -45.8% 0.64% −0.37
IJH iShares Core S&P Midcap ETF Reduce -58.1% 0.32% −0.34
HON Honeywell International Inc. Reduce -39.6% 0.94% −0.32
DHI D.R. Horton Inc. Reduce -24.9% 0.96% −0.30
IGLB iShares 10+ Year Inv GR Corp. Sold out 0.00% −0.25
UNP Union Pacific Corp. Reduce -29.6% 0.82% −0.25
VZ Verizon Communications Inc. Reduce -25.6% 1.57% −0.24
AMGN Amgen Inc. Reduce -39.2% 0.89% −0.23
WFC Wells Fargo & Co. Reduce -27.1% 1.59% −0.21
EOG EOG Resources Inc. Reduce -25.3% 0.98% −0.15
KO The Coca-Cola Co. Reduce -27.3% 1.19% −0.14
CMI Cummins Inc. Sold out 0.00% −0.10
JPM JPMorgan Chase & Co. Reduce -19.1% 3.00% −0.10
PPG PPG Industries Inc. Sold out 0.00% −0.06
EQIX Equinix Inc. Sold out 0.00% −0.04
TMO Thermo Fisher Scientific Inc. Reduce -37.9% 0.08% −0.03
LYB Lyondellbasell Indu Class A Reduce -82.7% 0.01% −0.03
MDLZ Mondelez International Inc. Class A Reduce -57.2% 0.02% −0.03
CSCO Cisco Systems Inc. Reduce -25.6% 0.14% −0.03
INTC Intel Corp. Sold out 0.00% −0.02
WMB Williams Cos Inc. Reduce -34.6% 0.12% −0.02
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.01
ALB Albemarle Corp. Sold out 0.00% −0.01
GILD Gilead Sciences Inc. Reduce -93.3% 0.00% −0.01
XOM Exxon Mobil Corp. Reduce -14.8% 2.58% −0.00
LIN Linde PLC Reduce -10.2% 1.63% +0.01

Portfolio Buys Q1 2024 → Q2 2024
QQQM Invesco Nasdaq 100 ETF Add +488.6% 2.79% +2.42
SYK Stryker Corp. New 1.42% +1.42
ITT Itt Inc. New 1.21% +1.21
NEE Nextera Energy Inc. Add +58.3% 2.08% +1.08
AMT American Tower Corp. New 1.07% +1.07
AVB Avalonbay Communities Inc. New 1.01% +1.01
ARES Ares Management Corp. Class A New 0.93% +0.93
DUK Duke Energy Corp. Add +42.1% 1.94% +0.83
AJG Arthur J Gallagher & Co. Add +8.4% 3.04% +0.76
MCK McKesson Corp. Add +14.9% 2.32% +0.75
ROST Ross Stores Inc. Add +45.3% 1.64% +0.68
AAPL Apple Inc. Add +8.7% 1.67% +0.61
FIS Fidelity National Info Serv Add +27.5% 1.54% +0.53
DIS The Walt Disney Co. Add +452.3% 0.61% +0.49
CRH CRH PLC Add +30.0% 1.93% +0.49
VST Vistra Corp. New 0.49% +0.49
CME Cme Group Inc. Add +1142.3% 0.51% +0.47
PSX Phillips 66 Add +51.8% 1.29% +0.46
CB Chubb Ltd. Add +20.0% 1.59% +0.45
HD Home Depot Inc. Add +40.6% 1.14% +0.38
ET Energy Transfer LP Add +4.0% 1.75% +0.37
ACM Aecom Add +24.3% 1.41% +0.34
SPG Simon Property Group Inc. Add +27.4% 1.06% +0.34
META Meta Platforms Inc. Class A Add +4.9% 1.23% +0.28
AXP American Express Co. Add +3.1% 1.25% +0.24
SUSB iShares ESG Aware 1-5 Year U Add +6.9% 0.18% +0.04
SUSC iShares ESG Aware Usd Corpor Add +15.8% 0.07% +0.02

Options Activity Q1 2024 → Q2 2024
TLT iShares 20+ Year Treasury BD put Sold out 58,650 $554.9Mbefore exit
LQD Ishr Ibx Usd Invgd CB ETF-Ui put Sold out 9,255 $100.8Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 131$1.3BGLD, AAPL, JPM, EMLC, AMZN
Q1 2026 113$1.3BEMB, EMLC, GLD, GOOGL, LQD
Q4 2025 114$1.4BGLDM, EMB, EMLC, QQQM, LQD
Q3 2025 112$1.2BQQQM, JPM, GOOGL, DUK, MS
Q2 2025 113$1.2BQQQM, JPM, DUK, BAC, WFC
Q1 2025 125$1.2BQQQM, JPM, DUK, GE, EMLC
Q4 2024 124$1.2BQQQM, JPM, MSFT, CRH, NEE
Q3 2024 122$1.3BLQD, QQQM, JPM, MSFT, NEE
Q2 2024 122$1.2BAJG, JPM, QQQM, MSFT, XOM
Q1 2024 132$1.5BJPM, WMT, XOM, MSFT, AJG