Payden & Rygel

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Payden & Rygel reported 125 stock positions worth $1.2 billion. Its top holding was Invesco Nasdaq 100 ETF (QQQM) at 4.0% of the portfolio, followed by JPMorgan Chase (JPM, 3.7%) and Duke Energy (DUK, 2.6%). Compared with Q4 2024, it opened 10 new positions, sold out of 9, added to 41 and reduced 31. The biggest buy was a new position in Vaneck JPM Em Local Curr BND (EMLC) and the biggest sale Ross Stores (ROST, shares −91%).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0000919219
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0000919219-25-000006 ↗ filed May 15, 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 Q4 2024 Q1 2025: $1.2B $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 125 stocks · $1.2B
QQQM Invesco Nasdaq 100 ETF 4.02% 242,572 $46.8M Add +0.0%
JPM JPMorgan Chase & Co. 3.66% 173,550 $42.6M Add +17.5%
DUK Duke Energy Corp. 2.60% 248,190 $30.3M Add +3.5%
GE General Electric filed as GE AEROSPACE 2.26% 131,200 $26.3M Add +1.1%
EMLC Vaneck JPM Em Local Curr BND 2.25% 1,096,500 $26.2M New
ET Energy Transfer LP 2.13% 1,332,490 $24.8M No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.99% 67,100 $23.2M Add +4.3%
EPD Enterprise Products Partners 1.96% 669,370 $22.9M No change
PG The Procter & Gamble Co. 1.93% 131,600 $22.4M Add +84.9%
CRH CRH PLC 1.92% 254,100 $22.4M Reduce -16.7%
MS Morgan Stanley 1.89% 189,000 $22.1M Add +3.0%
WMT Walmart Inc. 1.88% 249,500 $21.9M Add +2.5%
MCK McKesson Corp. 1.87% 32,300 $21.7M Add +5.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.81% 503,600 $21.0M No change
V Visa Inc. Class A 1.74% 57,700 $20.2M Add +5.5%
TMUS T-Mobile US Inc. 1.73% 75,600 $20.2M No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.73% 185,127 $20.1M Add +211.1%
WMB Williams Cos Inc. 1.72% 334,060 $20.0M Add +773.1%
SYK Stryker Corp. 1.71% 53,500 $19.9M Add +11.2%
MCD McDonald's Corp. 1.67% 62,300 $19.5M Add +53.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.66% 77,700 $19.3M Add +4.3%
MSFT Microsoft Corp. 1.63% 50,430 $18.9M Reduce -36.0%
AXP American Express Co. 1.56% 67,400 $18.1M Add +4.0%
XOM Exxon Mobil Corp. 1.55% 151,200 $18.0M Add +2.6%
BMY Bristol-Myers Squibb Co. 1.53% 292,800 $17.9M Add +18.2%
CSCO Cisco Systems Inc. 1.52% 285,970 $17.6M No change
SPGI S&P Global Inc. 1.48% 33,800 $17.2M Add +27.1%
COST Costco Wholesale Corp. 1.42% 17,500 $16.6M Add +3.5%
D Dominion Energy Inc. 1.41% 293,000 $16.4M Add +47.0%
LIN Linde PLC 1.39% 34,700 $16.2M Add +3.9%
DHR Danaher Corp. 1.38% 78,400 $16.1M Add +7740.0%
HCA HCA Healthcare Inc. 1.34% 45,100 $15.6M New
VOO Vanguard S&P 500 ETF 1.33% 30,153 $15.5M New
MDLZ Mondelez International Inc. Class A 1.33% 227,470 $15.4M Add +4877.5%
WFC Wells Fargo & Co. 1.32% 214,600 $15.4M Add +5134.1%
SSNC Ss&c Technologies Holdings 1.32% 183,800 $15.4M Add +85.7%
KO The Coca-Cola Co. 1.26% 204,210 $14.6M Add +4.7%
MET Metlife Inc. 1.19% 172,400 $13.8M No change
META Meta Platforms Inc. Class A 1.19% 24,010 $13.8M Add +76.4%
AAPL Apple Inc. 1.15% 60,500 $13.4M Add +20.8%
GOOGL Alphabet Inc. Class A 1.12% 84,000 $13.0M Reduce -20.1%
LLY Eli Lilly & Co. 1.12% 15,720 $13.0M Add +65.1%
SCI Service Corp. International 1.11% 161,400 $12.9M New
NEE Nextera Energy Inc. 1.09% 179,100 $12.7M Reduce -51.0%
VZ Verizon Communications Inc. 1.09% 278,590 $12.6M No change
AMP Ameriprise Financial Inc. 1.06% 25,500 $12.3M Reduce -28.8%
HD Home Depot Inc. 1.03% 32,770 $12.0M Reduce -14.4%
UNH Unitedhealth Group Inc. 1.03% 22,780 $11.9M Reduce -19.7%
CB Chubb Ltd. 1.01% 38,900 $11.7M Reduce -45.5%
ARES Ares Management Corp. Class A 1.00% 79,300 $11.6M Reduce -35.1%
AMZN Amazon.com Inc. 0.97% 59,500 $11.3M Reduce -30.3%
ETN Eaton Corp. PLC 0.96% 41,100 $11.2M Reduce -46.8%
SPG Simon Property Group Inc. 0.94% 65,650 $10.9M Reduce -28.6%
LMT Lockheed Martin Corp. 0.93% 24,340 $10.9M Add +490.8%
ITT Itt Inc. 0.93% 83,800 $10.8M Reduce -45.6%
ACM Aecom 0.93% 116,200 $10.8M Reduce -0.8%
JNJ Johnson & Johnson 0.92% 64,900 $10.8M Add +75.4%
ABBV Abbvie Inc. 0.92% 51,010 $10.7M Add +46272.7%
AVB Avalonbay Communities Inc. 0.91% 49,400 $10.6M Reduce -34.9%
REGN Regeneron Pharmaceuticals 0.88% 16,100 $10.2M New
PLD Prologis Inc. 0.82% 85,500 $9.6M Add +6.1%
ORCL Oracle Corp. 0.81% 67,790 $9.5M Reduce -20.9%
AVGO Broadcom Inc. 0.68% 47,400 $7.9M Add +175.6%
CRM Salesforce Inc. 0.67% 28,900 $7.8M Add +65.1%
NDAQ Nasdaq Inc. 0.66% 100,800 $7.6M New
CMCSA Comcast Corp. Class A 0.65% 205,670 $7.6M Reduce -4.4%
BKNG Booking Holdings Inc. 0.63% 1,600 $7.4M New
GLW Corning Inc. 0.62% 158,400 $7.3M New
DELL Dell Technologies -C 0.45% 57,800 $5.3M Add +14.7%
IJH iShares Core S&P Midcap ETF 0.34% 67,527 $3.9M Add +0.7%
NVDA Nvidia Corp. 0.34% 36,000 $3.9M Add +100.0%
NFLX Netflix Inc. 0.27% 3,410 $3.2M Add +78.5%
DLR Digital Realty Trust Inc. 0.22% 18,200 $2.6M Reduce -78.9%
IGSB iShares 1-5Y Inv Grade Corp. 0.19% 43,000 $2.3M Reduce -82.1%
SUSB iShares ESG Aware 1-5 Year U 0.19% 88,579 $2.2M No change
PEP Pepsico Inc. 0.15% 11,300 $1.7M No change
AMGN Amgen Inc. 0.14% 5,300 $1.7M No change
EMR Emerson Electric Co. 0.13% 13,500 $1.5M Reduce -84.4%
ROST Ross Stores Inc. 0.12% 11,100 $1.4M Reduce -90.7%
TFC Truist Financial Corp. 0.12% 34,400 $1.4M Reduce -91.0%
FDX FedEx Corp. 0.11% 5,300 $1.3M Reduce -91.0%
MMP Magellan Midstream Partners 0.09% 15,600 $1.1M No change
IVW iShares S&P 500 Growth ETF 0.08% 10,322 $958K Add +0.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 9,230 $911K Reduce -92.2%
DAL Delta Air Lines Inc. 0.07% 19,300 $841K No change
SUSC iShares ESG Aware Usd Corpor 0.07% 35,557 $820K No change
GS Goldman Sachs Group Inc. 0.06% 1,260 $688K No change
PNC PNC Financial Services Group 0.06% 3,900 $686K Reduce -95.3%
MRK Merck & Co. Inc. 0.06% 7,410 $665K Reduce -93.4%
PFE Pfizer Inc. 0.05% 24,680 $625K No change
BA The Boeing Co. 0.05% 3,200 $546K No change
PSX Phillips 66 0.04% 4,000 $494K No change
QCOM Qualcomm Inc. 0.04% 3,200 $492K Reduce -25.6%
DOV Dover Corp. 0.04% 2,680 $471K No change
FIS Fidelity National Info Serv 0.04% 6,000 $448K Reduce -95.7%
RSG Republic Services Inc. 0.04% 1,800 $436K No change
MUR Murphy Oil Corp. 0.04% 14,882 $423K New
TXN Texas Instruments Inc. 0.04% 2,300 $413K No change
MA Mastercard Inc. Class A 0.03% 560 $307K No change
WM Waste Management Inc. 0.02% 1,200 $278K No change

Show all 125 holdings

Portfolio Sells Q4 2024 → Q1 2025
ROST Ross Stores Inc. Reduce -90.7% 0.12% −1.44
PNC PNC Financial Services Group Reduce -95.3% 0.06% −1.32
FDX FedEx Corp. Reduce -91.0% 0.11% −1.32
TFC Truist Financial Corp. Reduce -91.0% 0.12% −1.30
ETN Eaton Corp. PLC Reduce -46.8% 0.96% −1.25
MSFT Microsoft Corp. Reduce -36.0% 1.63% −1.23
NEE Nextera Energy Inc. Reduce -51.0% 1.09% −1.16
DLR Digital Realty Trust Inc. Reduce -78.9% 0.22% −1.09
DIS The Walt Disney Co. Reduce -92.2% 0.08% −1.05
ITT Itt Inc. Reduce -45.6% 0.93% −0.97
FIS Fidelity National Info Serv Reduce -95.7% 0.04% −0.94
EOG EOG Resources Inc. Sold out 0.00% −0.91
DHI D.R. Horton Inc. Sold out 0.00% −0.90
MRK Merck & Co. Inc. Reduce -93.4% 0.06% −0.90
IGSB iShares 1-5Y Inv Grade Corp. Reduce -82.1% 0.19% −0.87
ARES Ares Management Corp. Class A Reduce -35.1% 1.00% −0.86
EMR Emerson Electric Co. Reduce -84.4% 0.13% −0.80
CB Chubb Ltd. Reduce -45.5% 1.01% −0.69
TSCO Tractor Supply Company Sold out 0.00% −0.68
UNP Union Pacific Corp. Sold out 0.00% −0.68
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.66
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.65
AMZN Amazon.com Inc. Reduce -30.3% 0.97% −0.64
GOOGL Alphabet Inc. Class A Reduce -20.1% 1.12% −0.60
AMP Ameriprise Financial Inc. Reduce -28.8% 1.06% −0.58
AVB Avalonbay Communities Inc. Reduce -34.9% 0.91% −0.53
CRH CRH PLC Reduce -16.7% 1.92% −0.51
SPG Simon Property Group Inc. Reduce -28.6% 0.94% −0.43
ORCL Oracle Corp. Reduce -20.9% 0.81% −0.42
HD Home Depot Inc. Reduce -14.4% 1.03% −0.25
UNH Unitedhealth Group Inc. Reduce -19.7% 1.03% −0.21
ACM Aecom Reduce -0.8% 0.93% −0.15
APA Apa Corp. Sold out 0.00% −0.10
DVN Devon Energy Corp. Reduce -82.1% 0.02% −0.08
CMCSA Comcast Corp. Class A Reduce -4.4% 0.65% −0.04
UPS United Parcel Service Class B Sold out 0.00% −0.02
QCOM Qualcomm Inc. Reduce -25.6% 0.04% −0.01
CRK Comstock Resources Inc. Sold out 0.00% −0.01
EQT Eqt Corp. Reduce -23.3% 0.02% −0.00
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -30.7% 0.00% −0.00

Portfolio Buys Q4 2024 → Q1 2025
EMLC Vaneck JPM Em Local Curr BND New 2.25% +2.25
WMB Williams Cos Inc. Add +773.1% 1.72% +1.54
DHR Danaher Corp. Add +7740.0% 1.38% +1.36
HCA HCA Healthcare Inc. New 1.34% +1.34
VOO Vanguard S&P 500 ETF New 1.33% +1.33
MDLZ Mondelez International Inc. Class A Add +4877.5% 1.33% +1.30
WFC Wells Fargo & Co. Add +5134.1% 1.32% +1.30
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +211.1% 1.73% +1.18
SCI Service Corp. International New 1.11% +1.11
ABBV Abbvie Inc. Add +46272.7% 0.92% +0.92
PG The Procter & Gamble Co. Add +84.9% 1.93% +0.90
REGN Regeneron Pharmaceuticals New 0.88% +0.88
LMT Lockheed Martin Corp. Add +490.8% 0.93% +0.76
SSNC Ss&c Technologies Holdings Add +85.7% 1.32% +0.67
MCD McDonald's Corp. Add +53.5% 1.67% +0.66
NDAQ Nasdaq Inc. New 0.66% +0.66
BKNG Booking Holdings Inc. New 0.63% +0.63
GLW Corning Inc. New 0.62% +0.62
JPM JPMorgan Chase & Co. Add +17.5% 3.66% +0.61
META Meta Platforms Inc. Class A Add +76.4% 1.19% +0.50
D Dominion Energy Inc. Add +47.0% 1.41% +0.49
LLY Eli Lilly & Co. Add +65.1% 1.12% +0.48
JNJ Johnson & Johnson Add +75.4% 0.92% +0.46
AJG Arthur J Gallagher & Co. Add +4.3% 1.99% +0.42
GE General Electric Add +1.1% 2.26% +0.39
DUK Duke Energy Corp. Add +3.5% 2.60% +0.38
MCK McKesson Corp. Add +5.2% 1.87% +0.36
AVGO Broadcom Inc. Add +175.6% 0.68% +0.34
SPGI S&P Global Inc. Add +27.1% 1.48% +0.33
BMY Bristol-Myers Squibb Co. Add +18.2% 1.53% +0.33
IBM Intl Business Machines Corp. Add +4.3% 1.66% +0.25
V Visa Inc. Class A Add +5.5% 1.74% +0.25
SYK Stryker Corp. Add +11.2% 1.71% +0.22
KO The Coca-Cola Co. Add +4.7% 1.26% +0.21
LIN Linde PLC Add +3.9% 1.39% +0.18
XOM Exxon Mobil Corp. Add +2.6% 1.55% +0.18
CRM Salesforce Inc. Add +65.1% 0.67% +0.16
NVDA Nvidia Corp. Add +100.0% 0.34% +0.13
NFLX Netflix Inc. Add +78.5% 0.27% +0.13
COST Costco Wholesale Corp. Add +3.5% 1.42% +0.09
PLD Prologis Inc. Add +6.1% 0.82% +0.09
AAPL Apple Inc. Add +20.8% 1.15% +0.07
MUR Murphy Oil Corp. New 0.04% +0.04
KRE SS SPDR S&P Regional Bank New 0.00% +0.00
IVW iShares S&P 500 Growth ETF Add +0.3% 0.08% −0.01
WMT Walmart Inc. Add +2.5% 1.88% −0.01
IJH iShares Core S&P Midcap ETF Add +0.7% 0.34% −0.02
DELL Dell Technologies -C Add +14.7% 0.45% −0.05
MS Morgan Stanley Add +3.0% 1.89% −0.09
AXP American Express Co. Add +4.0% 1.56% −0.10

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