Payden & Rygel

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Payden & Rygel reported 124 stock positions worth $1.2 billion. Its top holding was Invesco Nasdaq 100 ETF (QQQM) at 4.4% of the portfolio, followed by JPMorgan Chase (JPM, 3.0%) and Microsoft (MSFT, 2.9%). Compared with Q3 2024, it opened 12 new positions, sold out of 10, added to 18 and reduced 56. The biggest buy was a new position in Truist Financial (TFC) and the biggest sale Ishr Ibx Usd Invgd CB ETF-Ui (LQD, shares −87%).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0000919219
Portfolio Value
$1.2B (Q4 2024)
SEC Filing
0000919219-25-000003 ↗ filed Feb 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.2B $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 124 stocks · $1.2B
QQQM Invesco Nasdaq 100 ETF 4.39% 242,500 $51.0M No change
JPM JPMorgan Chase & Co. 3.05% 147,650 $35.4M Reduce -19.8%
MSFT Microsoft Corp. 2.86% 78,830 $33.2M Add +7.9%
CRH CRH PLC 2.43% 305,100 $28.2M Reduce -5.1%
NEE Nextera Energy Inc. 2.26% 365,400 $26.2M No change
ET Energy Transfer LP 2.25% 1,332,490 $26.1M No change
DUK Duke Energy Corp. 2.23% 239,890 $25.8M No change
ETN Eaton Corp. PLC 2.21% 77,240 $25.6M Reduce -5.4%
MS Morgan Stanley 1.99% 183,500 $23.1M Add +39.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.91% 503,600 $22.1M Add +46.8%
ITT Itt Inc. 1.90% 154,100 $22.0M Add +32.7%
WMT Walmart Inc. 1.89% 243,300 $22.0M Reduce -5.3%
GE General Electric filed as GE AEROSPACE 1.86% 129,800 $21.6M Add +102.2%
ARES Ares Management Corp. Class A 1.86% 122,200 $21.6M Reduce -5.9%
EPD Enterprise Products Partners 1.81% 669,370 $21.0M No change
GOOGL Alphabet Inc. Class A 1.71% 105,100 $19.9M Add +26.2%
CB Chubb Ltd. 1.70% 71,370 $19.7M Reduce -8.1%
AXP American Express Co. 1.66% 64,800 $19.2M Reduce -3.7%
AMP Ameriprise Financial Inc. 1.64% 35,800 $19.1M Reduce -4.5%
AMZN Amazon.com Inc. 1.61% 85,370 $18.7M Reduce -9.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.57% 64,300 $18.3M Reduce -24.0%
ROST Ross Stores Inc. 1.56% 119,800 $18.1M Add +0.5%
MCK McKesson Corp. 1.51% 30,700 $17.5M Reduce -22.5%
SYK Stryker Corp. 1.49% 48,100 $17.3M Reduce -7.0%
V Visa Inc. Class A 1.49% 54,700 $17.3M Reduce -9.9%
CSCO Cisco Systems Inc. 1.46% 285,970 $16.9M Add +11.5%
AVB Avalonbay Communities Inc. 1.44% 75,900 $16.7M Reduce -5.4%
TMUS T-Mobile US Inc. 1.44% 75,600 $16.7M Reduce -6.9%
FDX FedEx Corp. 1.43% 58,900 $16.6M Add +806.1%
TFC Truist Financial Corp. 1.43% 381,700 $16.6M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.41% 74,500 $16.4M Reduce -6.6%
PNC PNC Financial Services Group 1.38% 83,000 $16.0M New
XOM Exxon Mobil Corp. 1.36% 147,300 $15.8M Reduce -34.9%
SPG Simon Property Group Inc. 1.36% 91,950 $15.8M Reduce -5.3%
COST Costco Wholesale Corp. 1.33% 16,900 $15.5M Reduce -4.5%
DLR Digital Realty Trust Inc. 1.32% 86,300 $15.3M Reduce -7.2%
HD Home Depot Inc. 1.28% 38,270 $14.9M Reduce -6.6%
UNH Unitedhealth Group Inc. 1.24% 28,380 $14.4M Add +519.6%
ORCL Oracle Corp. 1.23% 85,690 $14.3M Add +31.3%
MET Metlife Inc. 1.22% 172,400 $14.1M Reduce -49.4%
BMY Bristol-Myers Squibb Co. 1.21% 247,800 $14.0M New
LIN Linde PLC 1.20% 33,400 $14.0M Reduce -23.0%
SPGI S&P Global Inc. 1.14% 26,600 $13.2M Reduce -5.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.13% 117,930 $13.1M Add +54.7%
AAPL Apple Inc. 1.08% 50,100 $12.5M No change
ACM Aecom 1.08% 117,170 $12.5M No change
IGSB iShares 1-5Y Inv Grade Corp. 1.07% 239,932 $12.4M New
KO The Coca-Cola Co. 1.05% 194,960 $12.1M Reduce -32.7%
PG The Procter & Gamble Co. 1.03% 71,180 $11.9M Reduce -35.8%
MCD McDonald's Corp. 1.01% 40,600 $11.8M Reduce -10.0%
FIS Fidelity National Info Serv 0.98% 140,200 $11.3M Reduce -36.2%
VZ Verizon Communications Inc. 0.96% 278,590 $11.1M Reduce -50.4%
MRK Merck & Co. Inc. 0.96% 111,550 $11.1M Reduce -39.8%
D Dominion Energy Inc. 0.92% 199,300 $10.7M New
EMR Emerson Electric Co. 0.92% 86,500 $10.7M Reduce -31.8%
EOG EOG Resources Inc. 0.91% 86,500 $10.6M Reduce -10.6%
DHI D.R. Horton Inc. 0.90% 75,000 $10.5M Reduce -10.7%
PLD Prologis Inc. 0.73% 80,600 $8.5M Reduce -31.5%
CMCSA Comcast Corp. Class A 0.70% 215,070 $8.1M Add +627.3%
META Meta Platforms Inc. Class A 0.69% 13,610 $8.0M Add +6.3%
TSCO Tractor Supply Company 0.68% 149,500 $7.9M New
UNP Union Pacific Corp. 0.68% 34,500 $7.9M Add +784.6%
LHX L3HARRIS Technologies Inc. 0.66% 36,400 $7.7M Reduce -58.8%
VRT Vertiv Holdings Co. Class A 0.65% 66,800 $7.6M No change
SSNC Ss&c Technologies Holdings 0.65% 99,000 $7.5M New
LLY Eli Lilly & Co. 0.63% 9,520 $7.3M Reduce -24.0%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.55% 59,502 $6.4M Reduce -87.0%
CRM Salesforce Inc. 0.50% 17,500 $5.9M Add +272.3%
DELL Dell Technologies -C 0.50% 50,400 $5.8M Reduce -52.7%
JNJ Johnson & Johnson 0.46% 37,000 $5.4M Reduce -15.5%
IJH iShares Core S&P Midcap ETF 0.36% 67,053 $4.2M Add +0.4%
AVGO Broadcom Inc. 0.34% 17,200 $4.0M Reduce -87.0%
NVDA Nvidia Corp. 0.21% 18,000 $2.4M No change
SUSB iShares ESG Aware 1-5 Year U 0.19% 88,579 $2.2M No change
WMB Williams Cos Inc. 0.18% 38,260 $2.1M No change
LMT Lockheed Martin Corp. 0.17% 4,120 $2.0M No change
PEP Pepsico Inc. 0.15% 11,300 $1.7M Reduce -51.1%
NFLX Netflix Inc. 0.15% 1,910 $1.7M No change
AMGN Amgen Inc. 0.12% 5,300 $1.4M Reduce -85.0%
DVN Devon Energy Corp. 0.11% 37,400 $1.2M Add +968.6%
DAL Delta Air Lines Inc. 0.10% 19,300 $1.2M Reduce -55.4%
APA Apa Corp. 0.10% 49,500 $1.1M New
MMP Magellan Midstream Partners 0.09% 15,600 $1.1M No change
IVW iShares S&P 500 Growth ETF 0.09% 10,296 $1.0M Reduce -90.0%
SUSC iShares ESG Aware Usd Corpor 0.07% 35,557 $808K No change
GS Goldman Sachs Group Inc. 0.06% 1,260 $722K No change
QCOM Qualcomm Inc. 0.06% 4,300 $661K Reduce -95.2%
PFE Pfizer Inc. 0.06% 24,680 $655K Reduce -92.1%
BA The Boeing Co. 0.05% 3,200 $566K No change
DOV Dover Corp. 0.04% 2,680 $503K No change
PSX Phillips 66 0.04% 4,000 $456K No change
TXN Texas Instruments Inc. 0.04% 2,300 $431K No change
RSG Republic Services Inc. 0.03% 1,800 $362K No change
EQT Eqt Corp. 0.03% 6,520 $301K Reduce -96.7%
MA Mastercard Inc. Class A 0.03% 560 $295K No change
WFC Wells Fargo & Co. 0.02% 4,100 $288K No change
MCHP Microchip Technology Inc. 0.02% 4,800 $275K No change
MDLZ Mondelez International Inc. Class A 0.02% 4,570 $273K Reduce -96.2%
AMAT Applied Materials Inc. 0.02% 1,600 $260K Reduce -97.4%
WM Waste Management Inc. 0.02% 1,200 $242K Reduce -81.5%
COP Conocophillips 0.02% 2,400 $238K No change
AEP American Electric Power 0.02% 2,500 $231K No change
DHR Danaher Corp. 0.02% 1,000 $230K No change
PSA Public Storage 0.02% 740 $222K Reduce -2.6%
CVX Chevron Corp. 0.02% 1,500 $217K Reduce -6.8%
GNMA iShares Gnma Bond ETF 0.02% 4,553 $195K No change
EXC Exelon Corp. 0.02% 5,110 $192K No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.02% 6,360 $186K Reduce -2.9%
UPS United Parcel Service Class B 0.02% 1,400 $177K No change
NATIONWIDE HEALTH PPTYS INC 0.01% 3,900 $165K No change
VST Vistra Corp. 0.01% 1,100 $152K No change
GTE Gran Tierra Energy Inc. 0.01% 20,000 $145K New
AR Antero Resources Corp. 0.01% 3,910 $137K Reduce -92.1%
PBR Petroleo Brasileiro-Spon ADR 0.01% 10,210 $131K No change
OVV Ovintiv Inc. 0.01% 3,000 $122K No change
EXE Expand Energy Corp. 0.01% 853 $85K New
LYB Lyondellbasell Indu Class A 0.01% 900 $67K No change
CRK Comstock Resources Inc. 0.01% 3,620 $66K Reduce -65.9%
XLE SS Energy Select Sector 0.00% 598 $51K New
SPYM Ste STR SPDR PT S&P 500 ETF 0.00% 700 $48K New
ARCC Ares Capital Corp. 0.00% 1,160 $25K No change
ABBV Abbvie Inc. 0.00% 110 $20K Reduce -97.8%
GILD Gilead Sciences Inc. 0.00% 180 $17K No change
VLY Valley National Bancorp 0.00% 483 $4K No change

Portfolio Sells Q3 2024 → Q4 2024
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -87.0% 0.55% −3.45
AVGO Broadcom Inc. Reduce -87.0% 0.34% −1.42
NXST Nexstar Media Group Inc. Sold out 0.00% −1.40
AMT American Tower Corp. Sold out 0.00% −1.22
QCOM Qualcomm Inc. Reduce -95.2% 0.06% −1.11
VZ Verizon Communications Inc. Reduce -50.4% 0.96% −0.98
LHX L3HARRIS Technologies Inc. Reduce -58.8% 0.66% −0.96
MET Metlife Inc. Reduce -49.4% 1.22% −0.95
AMAT Applied Materials Inc. Reduce -97.4% 0.02% −0.92
LEN Lennar Corp. Class A Sold out 0.00% −0.77
AMGN Amgen Inc. Reduce -85.0% 0.12% −0.76
XOM Exxon Mobil Corp. Reduce -34.9% 1.36% −0.68
MRK Merck & Co. Inc. Reduce -39.8% 0.96% −0.67
MDLZ Mondelez International Inc. Class A Reduce -96.2% 0.02% −0.66
PFE Pfizer Inc. Reduce -92.1% 0.06% −0.64
KO The Coca-Cola Co. Reduce -32.7% 1.05% −0.56
EQT Eqt Corp. Reduce -96.7% 0.03% −0.52
CVS CVS Health Corp. Sold out 0.00% −0.48
DELL Dell Technologies -C Reduce -52.7% 0.50% −0.47
PG The Procter & Gamble Co. Reduce -35.8% 1.03% −0.45
FIS Fidelity National Info Serv Reduce -36.2% 0.98% −0.44
PLD Prologis Inc. Reduce -31.5% 0.73% −0.41
LIN Linde PLC Reduce -23.0% 1.20% −0.39
DHI D.R. Horton Inc. Reduce -10.7% 0.90% −0.33
AJG Arthur J Gallagher & Co. Reduce -24.0% 1.57% −0.26
LLY Eli Lilly & Co. Reduce -24.0% 0.63% −0.22
PEP Pepsico Inc. Reduce -51.1% 0.15% −0.15
EMR Emerson Electric Co. Reduce -31.8% 0.92% −0.15
AR Antero Resources Corp. Reduce -92.1% 0.01% −0.10
JNJ Johnson & Johnson Reduce -15.5% 0.46% −0.09
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.09
WM Waste Management Inc. Reduce -81.5% 0.02% −0.08
ABBV Abbvie Inc. Reduce -97.8% 0.00% −0.07
DE Deere & Co. Sold out 0.00% −0.07
DAL Delta Air Lines Inc. Reduce -55.4% 0.10% −0.07
NKE Nike Inc. Class B Sold out 0.00% −0.07
BLK BlackRock Finance Inc. Sold out 0.00% −0.07
MCD McDonald's Corp. Reduce -10.0% 1.01% −0.05
CME Cme Group Inc. Sold out 0.00% −0.04
CB Chubb Ltd. Reduce -8.1% 1.70% −0.03
SWN Southwestern Energy Co. Sold out 0.00% −0.01
EOG EOG Resources Inc. Reduce -10.6% 0.91% −0.00
CRK Comstock Resources Inc. Reduce -65.9% 0.01% −0.00
MCK McKesson Corp. Reduce -22.5% 1.51% −0.00
PSA Public Storage Reduce -2.6% 0.02% −0.00
VICI Vici Properties Inc. Reduce -2.9% 0.02% −0.00
CVX Chevron Corp. Reduce -6.8% 0.02% +0.00
HD Home Depot Inc. Reduce -6.6% 1.28% +0.00
IVW iShares S&P 500 Growth ETF Reduce -90.0% 0.09% +0.01
SPGI S&P Global Inc. Reduce -5.3% 1.14% +0.02

Portfolio Buys Q3 2024 → Q4 2024
TFC Truist Financial Corp. New 1.43% +1.43
PNC PNC Financial Services Group New 1.38% +1.38
FDX FedEx Corp. Add +806.1% 1.43% +1.29
BMY Bristol-Myers Squibb Co. New 1.21% +1.21
IGSB iShares 1-5Y Inv Grade Corp. New 1.07% +1.07
UNH Unitedhealth Group Inc. Add +519.6% 1.24% +1.03
GE General Electric Add +102.2% 1.86% +0.93
MS Morgan Stanley Add +39.5% 1.99% +0.93
D Dominion Energy Inc. New 0.92% +0.92
BAC Bank of America Corp. Add +46.8% 1.91% +0.86
TSCO Tractor Supply Company New 0.68% +0.68
GOOGL Alphabet Inc. Class A Add +26.2% 1.71% +0.65
SSNC Ss&c Technologies Holdings New 0.65% +0.65
UNP Union Pacific Corp. Add +784.6% 0.68% +0.60
CMCSA Comcast Corp. Class A Add +627.3% 0.70% +0.60
DIS The Walt Disney Co. Add +54.7% 1.13% +0.57
ITT Itt Inc. Add +32.7% 1.90% +0.56
MSFT Microsoft Corp. Add +7.9% 2.86% +0.44
CSCO Cisco Systems Inc. Add +11.5% 1.46% +0.41
CRM Salesforce Inc. Add +272.3% 0.50% +0.40
ORCL Oracle Corp. Add +31.3% 1.23% +0.37
ROST Ross Stores Inc. Add +0.5% 1.56% +0.18
META Meta Platforms Inc. Class A Add +6.3% 0.69% +0.12
APA Apa Corp. New 0.10% +0.10
DVN Devon Energy Corp. Add +968.6% 0.11% +0.09
IJH iShares Core S&P Midcap ETF Add +0.4% 0.36% +0.04
GTE Gran Tierra Energy Inc. New 0.01% +0.01
EXE Expand Energy Corp. New 0.01% +0.01
XLE SS Energy Select Sector New 0.00% +0.00
SPYM Ste STR SPDR PT S&P 500 ETF New 0.00% +0.00

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