Payden & Rygel

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Payden & Rygel reported 113 stock positions worth $1.3 billion. Its top holding was iShares JP Morgan Usd Emergi (EMB) at 6.7% of the portfolio, followed by Vaneck JPM Em Local Curr BND (EMLC, 4.5%) and SPDR Gold Shares (GLD, 4.3%). Compared with Q4 2025, it opened 13 new positions, sold out of 14, added to 24 and reduced 28. The biggest buy was a new position in SPDR Gold Shares (GLD) and the biggest sale an exit from SPDR Gold Minishares Trust (GLDM).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0000919219
Portfolio Value
$1.3B (Q1 2026)
SEC Filing
0001193125-26-218603 ↗ filed May 12, 2026

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 Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.3B $1.3B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 113 stocks · $1.3B
EMB iShares JP Morgan Usd Emergi 6.71% 917,273 $86.2M Reduce -8.5%
EMLC Vaneck JPM Em Local Curr BND 4.48% 2,292,102 $57.6M Reduce -5.9%
GLD SPDR Gold Shares 4.33% 129,300 $55.6M New
GOOGL Alphabet Inc. Class A 3.30% 147,300 $42.4M Add +0.6%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 2.95% 347,496 $37.9M Reduce -25.2%
JPM JPMorgan Chase & Co. 2.74% 119,850 $35.3M Reduce -21.2%
AMZN Amazon.com Inc. 2.18% 134,600 $28.0M Add +0.6%
MS Morgan Stanley 2.07% 161,500 $26.6M Reduce -8.2%
DUK Duke Energy Corp. 1.93% 189,690 $24.8M No change
MRK Merck & Co. Inc. 1.85% 198,100 $23.8M No change
MSFT Microsoft Corp. 1.83% 63,430 $23.5M Add +30.2%
CSCO Cisco Systems Inc. 1.71% 283,530 $22.0M Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.70% 90,100 $21.8M Add +32.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.69% 135,700 $21.7M No change
CVX Chevron Corp. 1.68% 104,600 $21.6M Add +47.7%
RTX RTX Corp. 1.67% 111,300 $21.5M Add +50.4%
ADI Analog Devices Inc. 1.63% 66,000 $21.0M No change
ET Energy Transfer LP 1.52% 1,012,090 $19.5M Add +58.5%
D Dominion Energy Inc. 1.51% 313,800 $19.4M No change
WMT Walmart Inc. 1.43% 148,300 $18.4M Reduce -23.2%
TMUS T-Mobile US Inc. 1.35% 82,370 $17.3M Add +4401.1%
GLW Corning Inc. 1.34% 126,900 $17.3M Reduce -34.4%
GE General Electric filed as GE AEROSPACE 1.31% 59,500 $16.9M Reduce -21.0%
CRH CRH PLC 1.31% 159,900 $16.8M Reduce -11.2%
VOO Vanguard S&P 500 ETF 1.27% 27,207 $16.3M Add +0.9%
VLO Valero Energy Corp. 1.26% 65,600 $16.2M No change
ABBV Abbvie Inc. 1.23% 72,730 $15.8M Add +27.6%
EPD Enterprise Products Partners 1.23% 417,070 $15.8M No change
CTVA Corteva Inc. 1.23% 188,390 $15.8M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.21% 320,100 $15.6M Reduce -37.9%
ITT Itt Inc. 1.20% 80,800 $15.4M Reduce -28.2%
CVS CVS Health Corp. 1.19% 213,100 $15.3M Reduce -18.1%
DGX Quest Diagnostics Inc. 1.17% 76,600 $15.0M Reduce -18.0%
JNJ Johnson & Johnson 1.17% 61,400 $15.0M No change
VZ Verizon Communications Inc. 1.16% 297,190 $14.9M Reduce -11.4%
MCK McKesson Corp. 1.14% 16,900 $14.6M Reduce -21.4%
PLD Prologis Inc. 1.13% 110,300 $14.6M No change
SPG Simon Property Group Inc. 1.12% 77,050 $14.4M No change
EXC Exelon Corp. 1.10% 287,310 $14.1M No change
AVGO Broadcom Inc. 1.06% 44,212 $13.7M Add +0.3%
AME Ametek Inc. 1.05% 63,000 $13.5M Add +28.3%
META Meta Platforms Inc. Class A 1.03% 23,110 $13.2M Reduce -24.8%
MCD McDonald's Corp. 1.01% 41,900 $13.0M Add +3.0%
NVDA Nvidia Corp. 1.00% 74,040 $12.9M Add +24.1%
CMI Cummins Inc. 1.00% 24,000 $12.9M Reduce -23.1%
GILD Gilead Sciences Inc. 0.99% 91,280 $12.7M No change
ETN Eaton Corp. PLC 0.98% 35,200 $12.6M Reduce -2.8%
JCI Johnson Controls Internation 0.95% 93,300 $12.2M Add +6.4%
V Visa Inc. Class A 0.92% 39,200 $11.8M Reduce -16.8%
PEP Pepsico Inc. 0.89% 73,400 $11.4M No change
NDAQ Nasdaq Inc. 0.88% 133,500 $11.3M Add +45.3%
BLK BlackRock Inc. 0.86% 11,500 $11.1M Reduce -48.9%
SYK Stryker Corp. 0.80% 31,100 $10.2M No change
AXP American Express Co. 0.75% 31,800 $9.6M No change
AAPL Apple Inc. 0.73% 36,800 $9.3M Add +119.0%
TXN Texas Instruments Inc. 0.73% 48,100 $9.3M No change
FITB Fifth Third Bancorp 0.72% 199,400 $9.3M Reduce -26.7%
NUE Nucor Corp. 0.70% 53,500 $9.0M Add +735.9%
PFE Pfizer Inc. 0.68% 309,580 $8.7M Add +51.0%
HAS Hasbro Inc. 0.67% 92,000 $8.6M New
LLY Eli Lilly & Co. 0.64% 8,920 $8.2M Add +195.4%
TGT Target Corp. 0.63% 66,900 $8.1M New
TMO Thermo Fisher Scientific Inc. 0.63% 16,400 $8.1M New
HON Honeywell International Inc. 0.62% 35,300 $8.0M New
PG The Procter & Gamble Co. 0.62% 54,900 $7.9M Reduce -18.7%
SPTB SS SPDR P Treasury ETF 0.61% 261,000 $7.9M New
NLY Annaly Capital Management Inc. 0.59% 361,100 $7.6M No change
USHY iShares Broad Usd High Yield 0.57% 199,187 $7.3M New
MET Metlife Inc. 0.53% 95,700 $6.8M No change
WAB Wabtec Corp. 0.45% 23,200 $5.8M New
AMT American Tower Corp. 0.45% 33,400 $5.8M Add +695.2%
NEM Newmont Corp. 0.43% 50,600 $5.5M New
PNC PNC Financial Services Group 0.43% 26,300 $5.5M New
VST Vistra Corp. 0.41% 35,400 $5.3M No change
HLT Hilton Worldwide Holdings Inc. 0.41% 17,500 $5.3M New
WMB Williams Cos Inc. 0.18% 31,660 $2.3M Add +11.2%
SUSB iShares ESG Aware 1-5 Year U 0.17% 88,579 $2.2M No change
KO The Coca-Cola Co. 0.12% 19,610 $1.5M No change
NFLX Netflix Inc. 0.11% 14,800 $1.4M Add +11.3%
GS Goldman Sachs Group Inc. 0.08% 1,260 $1.1M No change
COST Costco Wholesale Corp. 0.07% 900 $897K No change
SUSC iShares ESG Aware Usd Corpor 0.06% 35,557 $823K No change
XOM Exxon Mobil Corp. 0.05% 3,700 $628K No change
TFC Truist Financial Corp. 0.05% 12,800 $588K No change
HD Home Depot Inc. 0.05% 1,770 $582K No change
ORCL Oracle Corp. 0.04% 3,890 $572K Reduce -45.1%
DOV Dover Corp. 0.04% 2,680 $559K No change
AMAT Applied Materials Inc. 0.04% 1,600 $547K No change
DE Deere & Co. 0.04% 900 $507K No change
AMP Ameriprise Financial Inc. 0.04% 1,100 $489K No change
EMR Emerson Electric Co. 0.04% 3,500 $459K No change
LMT Lockheed Martin Corp. 0.03% 740 $447K No change
QCOM Qualcomm Inc. 0.03% 3,200 $412K No change
RSG Republic Services Inc. 0.03% 1,800 $394K No change
DHR Danaher Corp. 0.03% 2,000 $379K No change
AEP American Electric Power 0.03% 2,500 $328K No change
EQT Eqt Corp. 0.02% 5,000 $318K No change
MCHP Microchip Technology Inc. 0.02% 4,800 $310K No change
MA Mastercard Inc. Class A 0.02% 560 $280K No change
WM Waste Management Inc. 0.02% 1,200 $276K New

Show all 113 holdings

Options reported separately and not counted above: WFC puts ($14.0M).

Portfolio Sells Q4 2025 → Q1 2026
GLDM SPDR Gold Minishares Trust Sold out 0.00% −7.72
QQQM Invesco Nasdaq 100 ETF Reduce -99.8% 0.01% −4.26
WFC Wells Fargo & Co. Sold out 0.00% −2.04
SSNC Ss&c Technologies Holdings Sold out 0.00% −1.14
BLK BlackRock Inc. Reduce -48.9% 0.86% −0.81
BAC Bank of America Corp. Reduce -37.9% 1.21% −0.76
JPM JPMorgan Chase & Co. Reduce -21.2% 2.74% −0.67
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -25.2% 2.95% −0.61
BKNG Booking Holdings Inc. Sold out 0.00% −0.60
CI The Cigna Group Sold out 0.00% −0.56
SPGI S&P Global Inc. Sold out 0.00% −0.55
J Jacobs Solutions Inc. Sold out 0.00% −0.55
DIS The Walt Disney Co. Reduce -97.1% 0.02% −0.53
KIM Kimco Realty Corp. Sold out 0.00% −0.51
META Meta Platforms Inc. Class A Reduce -24.8% 1.03% −0.38
IGSB iShares 1-5Y Inv Grade Corp. Sold out 0.00% −0.37
GE General Electric Reduce -21.0% 1.31% −0.30
CRH CRH PLC Reduce -11.2% 1.31% −0.25
CVS CVS Health Corp. Reduce -18.1% 1.19% −0.24
V Visa Inc. Class A Reduce -16.8% 0.92% −0.23
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.20
FITB Fifth Third Bancorp Reduce -26.7% 0.72% −0.16
ITT Itt Inc. Reduce -28.2% 1.20% −0.16
MS Morgan Stanley Reduce -8.2% 2.07% −0.10
CMI Cummins Inc. Reduce -23.1% 1.00% −0.10
MCK McKesson Corp. Reduce -21.4% 1.14% −0.09
WMT Walmart Inc. Reduce -23.2% 1.43% −0.06
PG The Procter & Gamble Co. Reduce -18.7% 0.62% −0.06
ORCL Oracle Corp. Reduce -45.1% 0.04% −0.05
CRM Salesforce Inc. Sold out 0.00% −0.05
PSA Public Storage Reduce -94.6% 0.00% −0.01
ARES Ares Management Corp. Class A Sold out 0.00% −0.01
EMB iShares JP Morgan Usd Emergi Reduce -8.5% 6.71% −0.01
AJG Arthur J Gallagher & Co. Sold out 0.00% −0.01
DELL Dell Technologies -C Sold out 0.00% −0.01
ACM Aecom Reduce -27.5% 0.02% −0.01
PFF iShares Preferred & Income S Reduce -65.7% 0.00% −0.00
DGX Quest Diagnostics Inc. Reduce -18.0% 1.17% +0.04
EMLC Vaneck JPM Em Local Curr BND Reduce -5.9% 4.48% +0.11
GLW Corning Inc. Reduce -34.4% 1.34% +0.17
ETN Eaton Corp. PLC Reduce -2.8% 0.98% +0.18
VZ Verizon Communications Inc. Reduce -11.4% 1.16% +0.21

Portfolio Buys Q4 2025 → Q1 2026
GLD SPDR Gold Shares New 4.33% +4.33
TMUS T-Mobile US Inc. Add +4401.1% 1.35% +1.32
CTVA Corteva Inc. New 1.23% +1.23
CVX Chevron Corp. Add +47.7% 1.68% +0.93
ET Energy Transfer LP Add +58.5% 1.52% +0.79
RTX RTX Corp. Add +50.4% 1.67% +0.73
HAS Hasbro Inc. New 0.67% +0.67
NUE Nucor Corp. Add +735.9% 0.70% +0.63
TGT Target Corp. New 0.63% +0.63
TMO Thermo Fisher Scientific Inc. New 0.63% +0.63
HON Honeywell International Inc. New 0.62% +0.62
SPTB SS SPDR P Treasury ETF New 0.61% +0.61
USHY iShares Broad Usd High Yield New 0.57% +0.57
WAB Wabtec Corp. New 0.45% +0.45
NEM Newmont Corp. New 0.43% +0.43
PNC PNC Financial Services Group New 0.43% +0.43
HLT Hilton Worldwide Holdings Inc. New 0.41% +0.41
LLY Eli Lilly & Co. Add +195.4% 0.64% +0.41
AAPL Apple Inc. Add +119.0% 0.73% +0.41
AMT American Tower Corp. Add +695.2% 0.45% +0.40
AME Ametek Inc. Add +28.3% 1.05% +0.35
ABBV Abbvie Inc. Add +27.6% 1.23% +0.33
PFE Pfizer Inc. Add +51.0% 0.68% +0.32
IBM Intl Business Machines Corp. Add +32.7% 1.70% +0.30
NDAQ Nasdaq Inc. Add +45.3% 0.88% +0.26
NVDA Nvidia Corp. Add +24.1% 1.00% +0.23
JCI Johnson Controls Internation Add +6.4% 0.95% +0.22
CSCO Cisco Systems Inc. Add +0.5% 1.71% +0.20
MSFT Microsoft Corp. Add +30.2% 1.83% +0.19
MCD McDonald's Corp. Add +3.0% 1.01% +0.15
GOOGL Alphabet Inc. Class A Add +0.6% 3.30% +0.11
VOO Vanguard S&P 500 ETF Add +0.9% 1.27% +0.09
WMB Williams Cos Inc. Add +11.2% 0.18% +0.06
AMZN Amazon.com Inc. Add +0.6% 2.18% +0.03
NFLX Netflix Inc. Add +11.3% 0.11% +0.02
WM Waste Management Inc. New 0.02% +0.02
AVGO Broadcom Inc. Add +0.3% 1.06% +0.00

Options Activity Q4 2025 → Q1 2026
WFC Wells Fargo & Co. put New 176,300 $14.0M
WM Waste Management Inc. put Sold out 37,500 $8.2Mbefore 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