Payden & Rygel

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Payden & Rygel reported 113 stock positions worth $1.2 billion. Its top holding was Invesco Nasdaq 100 ETF (QQQM) at 4.6% of the portfolio, followed by JPMorgan Chase (JPM, 4.2%) and Duke Energy (DUK, 2.5%). Compared with Q1 2025, it opened 9 new positions, sold out of 21, added to 25 and reduced 29. The biggest buy was a new position in BlackRock (BLK) and the biggest sale an exit from Vaneck JPM Em Local Curr BND (EMLC).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0000919219
Portfolio Value
$1.2B (Q2 2025)
SEC Filing
0000919219-25-000010 ↗ filed Aug 7, 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 Q1 2025 Q2 2025: $1.2B $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 113 stocks · $1.2B
QQQM Invesco Nasdaq 100 ETF 4.56% 242,572 $55.1M No change
JPM JPMorgan Chase & Co. 4.17% 173,550 $50.3M No change
DUK Duke Energy Corp. 2.47% 252,590 $29.8M Add +1.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.38% 606,400 $28.7M Add +20.4%
WFC Wells Fargo & Co. 2.32% 349,400 $28.0M Add +62.8%
MS Morgan Stanley 2.22% 190,700 $26.9M Add +0.9%
GOOGL Alphabet Inc. Class A 2.15% 147,400 $26.0M Add +75.5%
XOM Exxon Mobil Corp. 2.11% 236,500 $25.5M Add +56.4%
AMZN Amazon.com Inc. 2.09% 114,900 $25.2M Add +93.1%
MSFT Microsoft Corp. 2.08% 50,430 $25.1M No change
V Visa Inc. Class A 1.96% 66,700 $23.7M Add +15.6%
MCK McKesson Corp. 1.96% 32,300 $23.7M No change
GE General Electric filed as GE AEROSPACE 1.96% 91,900 $23.7M Reduce -29.9%
BLK BlackRock Inc. 1.89% 21,700 $22.8M New
D Dominion Energy Inc. 1.80% 383,900 $21.7M Add +31.0%
CSCO Cisco Systems Inc. 1.79% 310,770 $21.6M Add +8.7%
AXP American Express Co. 1.78% 67,400 $21.5M No change
SYK Stryker Corp. 1.75% 53,500 $21.2M No change
PG The Procter & Gamble Co. 1.75% 132,400 $21.1M Add +0.6%
META Meta Platforms Inc. Class A 1.74% 28,510 $21.0M Add +18.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.69% 63,700 $20.4M Reduce -5.1%
WMT Walmart Inc. 1.67% 206,700 $20.2M Reduce -17.1%
ORCL Oracle Corp. 1.67% 92,290 $20.2M Add +36.1%
EPD Enterprise Products Partners 1.59% 620,870 $19.3M Reduce -7.3%
SSNC Ss&c Technologies Holdings 1.56% 227,700 $18.9M Add +23.9%
ET Energy Transfer LP 1.50% 1,001,790 $18.2M Reduce -24.8%
SPGI S&P Global Inc. 1.48% 33,800 $17.8M No change
VZ Verizon Communications Inc. 1.44% 401,890 $17.4M Add +44.3%
VOO Vanguard S&P 500 ETF 1.43% 30,459 $17.3M Add +1.0%
ACM Aecom 1.41% 150,800 $17.0M Add +29.8%
DGX Quest Diagnostics Inc. 1.39% 93,600 $16.8M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.38% 56,600 $16.7M Reduce -27.2%
COST Costco Wholesale Corp. 1.37% 16,700 $16.5M Reduce -4.6%
AMP Ameriprise Financial Inc. 1.33% 30,200 $16.1M Add +18.4%
BRK.B Berkshire Hathaway Inc. Class B 1.32% 32,800 $15.9M New
DHR Danaher Corp. 1.32% 80,600 $15.9M Add +2.8%
CRH CRH PLC 1.31% 172,300 $15.8M Reduce -32.2%
HCA HCA Healthcare Inc. 1.28% 40,500 $15.5M Reduce -10.2%
ETN Eaton Corp. PLC 1.24% 42,000 $15.0M Add +2.2%
MET Metlife Inc. 1.15% 172,400 $13.9M No change
WMB Williams Cos Inc. 1.11% 212,760 $13.4M Reduce -36.3%
ITT Itt Inc. 1.09% 83,800 $13.1M No change
AVGO Broadcom Inc. 1.08% 47,400 $13.1M No change
LLY Eli Lilly & Co. 1.01% 15,720 $12.3M No change
LIN Linde PLC 1.00% 25,700 $12.1M Reduce -25.9%
NDAQ Nasdaq Inc. 0.97% 131,000 $11.7M Add +30.0%
GLW Corning Inc. 0.97% 222,000 $11.7M Add +40.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.97% 94,400 $11.7M New
KO The Coca-Cola Co. 0.96% 164,310 $11.6M Reduce -19.5%
TMUS T-Mobile US Inc. 0.95% 48,100 $11.5M Reduce -36.4%
LMT Lockheed Martin Corp. 0.93% 24,340 $11.3M No change
RTX RTX Corp. 0.92% 76,400 $11.2M New
EXC Exelon Corp. 0.92% 255,110 $11.1M Add +4892.4%
UNH Unitedhealth Group Inc. 0.89% 34,600 $10.8M Add +51.9%
J Jacobs Solutions Inc. 0.88% 81,300 $10.7M New
SCI Service Corp. International 0.87% 129,700 $10.6M Reduce -19.6%
SPG Simon Property Group Inc. 0.87% 65,650 $10.6M No change
CB Chubb Ltd. 0.87% 36,200 $10.5M Reduce -6.9%
CI The Cigna Group 0.86% 31,300 $10.3M New
JNJ Johnson & Johnson 0.82% 64,900 $9.9M No change
BKNG Booking Holdings Inc. 0.77% 1,600 $9.3M No change
PLD Prologis Inc. 0.74% 85,500 $9.0M No change
AMT American Tower Corp. 0.64% 35,100 $7.8M New
MDLZ Mondelez International Inc. Class A 0.64% 114,270 $7.7M Reduce -49.8%
GILD Gilead Sciences Inc. 0.63% 68,380 $7.6M Add +37888.9%
ROYAL CARIBBEAN CRUISES 0.56% 21,500 $6.7M New
MCD McDonald's Corp. 0.53% 22,100 $6.5M Reduce -64.5%
NVDA Nvidia Corp. 0.47% 36,000 $5.7M No change
AAPL Apple Inc. 0.40% 23,800 $4.9M Reduce -60.7%
NFLX Netflix Inc. 0.38% 3,410 $4.6M No change
SUSB iShares ESG Aware 1-5 Year U 0.18% 88,579 $2.2M No change
DLR Digital Realty Trust Inc. 0.15% 10,400 $1.8M Reduce -42.9%
EMR Emerson Electric Co. 0.15% 13,500 $1.8M No change
AMGN Amgen Inc. 0.12% 5,300 $1.5M No change
PEP Pepsico Inc. 0.10% 9,200 $1.2M Reduce -18.6%
MMP Magellan Midstream Partners 0.09% 15,600 $1.1M No change
DAL Delta Air Lines Inc. 0.08% 19,300 $949K No change
CRM Salesforce Inc. 0.08% 3,400 $927K Reduce -88.2%
GS Goldman Sachs Group Inc. 0.07% 1,260 $892K No change
SUSC iShares ESG Aware Usd Corpor 0.07% 35,557 $826K No change
BA The Boeing Co. 0.06% 3,200 $670K No change
HD Home Depot Inc. 0.05% 1,770 $649K Reduce -94.6%
PFE Pfizer Inc. 0.05% 24,680 $598K No change
TFC Truist Financial Corp. 0.05% 12,800 $550K Reduce -62.8%
QCOM Qualcomm Inc. 0.04% 3,200 $510K No change
DOV Dover Corp. 0.04% 2,680 $491K No change
TXN Texas Instruments Inc. 0.04% 2,300 $478K No change
RSG Republic Services Inc. 0.04% 1,800 $444K No change
MCHP Microchip Technology Inc. 0.03% 4,800 $338K No change
MA Mastercard Inc. Class A 0.03% 560 $315K No change
MRK Merck & Co. Inc. 0.02% 3,710 $294K Reduce -49.9%
AMAT Applied Materials Inc. 0.02% 1,600 $293K No change
EQT Eqt Corp. 0.02% 5,000 $292K No change
WM Waste Management Inc. 0.02% 1,200 $275K No change
AEP American Electric Power 0.02% 2,500 $259K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 2,030 $252K Reduce -78.0%
PSA Public Storage 0.02% 740 $217K No change
CVX Chevron Corp. 0.02% 1,500 $215K No change
VST Vistra Corp. 0.02% 1,100 $213K No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.02% 6,360 $207K No change

Show all 113 holdings

Portfolio Sells Q1 2025 → Q2 2025
EMLC Vaneck JPM Em Local Curr BND Sold out 0.00% −2.25
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −1.73
BMY Bristol-Myers Squibb Co. Sold out 0.00% −1.53
MCD McDonald's Corp. Reduce -64.5% 0.53% −1.14
NEE Nextera Energy Inc. Sold out 0.00% −1.09
ARES Ares Management Corp. Class A Reduce -98.6% 0.02% −0.98
HD Home Depot Inc. Reduce -94.6% 0.05% −0.98
ABBV Abbvie Inc. Reduce -99.8% 0.00% −0.92
AVB Avalonbay Communities Inc. Sold out 0.00% −0.91
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.88
TMUS T-Mobile US Inc. Reduce -36.4% 0.95% −0.78
AAPL Apple Inc. Reduce -60.7% 0.40% −0.75
MDLZ Mondelez International Inc. Class A Reduce -49.8% 0.64% −0.69
CMCSA Comcast Corp. Class A Reduce -97.2% 0.02% −0.64
ET Energy Transfer LP Reduce -24.8% 1.50% −0.62
CRH CRH PLC Reduce -32.2% 1.31% −0.61
WMB Williams Cos Inc. Reduce -36.3% 1.11% −0.61
CRM Salesforce Inc. Reduce -88.2% 0.08% −0.59
DELL Dell Technologies -C Reduce -97.6% 0.01% −0.44
LIN Linde PLC Reduce -25.9% 1.00% −0.39
EPD Enterprise Products Partners Reduce -7.3% 1.59% −0.37
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.34
AJG Arthur J Gallagher & Co. Reduce -5.1% 1.69% −0.30
GE General Electric Reduce -29.9% 1.96% −0.30
KO The Coca-Cola Co. Reduce -19.5% 0.96% −0.29
IBM Intl Business Machines Corp. Reduce -27.2% 1.38% −0.28
SCI Service Corp. International Reduce -19.6% 0.87% −0.24
WMT Walmart Inc. Reduce -17.1% 1.67% −0.21
IGSB iShares 1-5Y Inv Grade Corp. Sold out 0.00% −0.19
CB Chubb Ltd. Reduce -6.9% 0.87% −0.14
ROST Ross Stores Inc. Sold out 0.00% −0.12
FDX FedEx Corp. Sold out 0.00% −0.11
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.08
TFC Truist Financial Corp. Reduce -62.8% 0.05% −0.08
DLR Digital Realty Trust Inc. Reduce -42.9% 0.15% −0.07
PNC PNC Financial Services Group Sold out 0.00% −0.06
DIS The Walt Disney Co. Reduce -78.0% 0.02% −0.06
HCA HCA Healthcare Inc. Reduce -10.2% 1.28% −0.05
COST Costco Wholesale Corp. Reduce -4.6% 1.37% −0.05
PEP Pepsico Inc. Reduce -18.6% 0.10% −0.04
PSX Phillips 66 Sold out 0.00% −0.04
FIS Fidelity National Info Serv Sold out 0.00% −0.04
MUR Murphy Oil Corp. Sold out 0.00% −0.04
MRK Merck & Co. Inc. Reduce -49.9% 0.02% −0.03
COP Conocophillips Sold out 0.00% −0.02
DVN Devon Energy Corp. Sold out 0.00% −0.02
OVV Ovintiv Inc. Sold out 0.00% −0.01
GTE Gran Tierra Energy Inc. Sold out 0.00% −0.01
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.01
XLE SS Energy Select Sector Sold out 0.00% −0.00

Portfolio Buys Q1 2025 → Q2 2025
BLK BlackRock Inc. New 1.89% +1.89
DGX Quest Diagnostics Inc. New 1.39% +1.39
BRK.B Berkshire Hathaway Inc. Class B New 1.32% +1.32
AMZN Amazon.com Inc. Add +93.1% 2.09% +1.11
GOOGL Alphabet Inc. Class A Add +75.5% 2.15% +1.03
WFC Wells Fargo & Co. Add +62.8% 2.32% +0.99
TJX TJX Companies Inc. New 0.97% +0.97
RTX RTX Corp. New 0.92% +0.92
EXC Exelon Corp. Add +4892.4% 0.92% +0.90
J Jacobs Solutions Inc. New 0.88% +0.88
CI The Cigna Group New 0.86% +0.86
ORCL Oracle Corp. Add +36.1% 1.67% +0.86
AMT American Tower Corp. New 0.64% +0.64
GILD Gilead Sciences Inc. Add +37888.9% 0.63% +0.63
BAC Bank of America Corp. Add +20.4% 2.38% +0.57
XOM Exxon Mobil Corp. Add +56.4% 2.11% +0.57
ROYAL CARIBBEAN CRUISES New 0.56% +0.56
META Meta Platforms Inc. Class A Add +18.7% 1.74% +0.55
ACM Aecom Add +29.8% 1.41% +0.48
D Dominion Energy Inc. Add +31.0% 1.80% +0.38
VZ Verizon Communications Inc. Add +44.3% 1.44% +0.35
GLW Corning Inc. Add +40.1% 0.97% +0.34
MS Morgan Stanley Add +0.9% 2.22% +0.33
NDAQ Nasdaq Inc. Add +30.0% 0.97% +0.31
ETN Eaton Corp. PLC Add +2.2% 1.24% +0.28
AMP Ameriprise Financial Inc. Add +18.4% 1.33% +0.27
CSCO Cisco Systems Inc. Add +8.7% 1.79% +0.27
SSNC Ss&c Technologies Holdings Add +23.9% 1.56% +0.24
V Visa Inc. Class A Add +15.6% 1.96% +0.22
VOO Vanguard S&P 500 ETF Add +1.0% 1.43% +0.10
DHR Danaher Corp. Add +2.8% 1.32% −0.06
UNH Unitedhealth Group Inc. Add +51.9% 0.89% −0.13
DUK Duke Energy Corp. Add +1.8% 2.47% −0.13
PG The Procter & Gamble Co. Add +0.6% 1.75% −0.18

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