RNC Capital Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), RNC Capital Management LLC reported 163 stock positions worth $1.9 billion. Its top holding was JPMorgan Chase (JPM) at 4.6% of the portfolio, followed by M & T Bank (MTB, 3.6%) and Broadcom (AVGO, 3.6%). Compared with Q3 2024, it opened 15 new positions, sold out of 5, added to 25 and reduced 117. The biggest buy was Merck (MRK, shares +893%) and the biggest sale CVS Health (CVS, shares −36%).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0000051762
Portfolio Value
$1.9B (Q4 2024)
SEC Filing
0000051762-25-000001 ↗ filed Jan 28, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.8B Q1 2024 Q2 2024: $1.8B Q2 2024 Q3 2024: $1.8B Q3 2024 Q4 2024: $1.9B $1.9B Q4 2024 Q1 2025: $2.0B Q1 2025 Q2 2025: $2.1B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $2.3B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 163 stocks · $1.9B

JPM JPMorgan Chase & Co. 4.59% 358,752 $86.0M Reduce -1.4%
MTB M & T Bank Corp. filed as M & T BK CORP 3.64% 362,643 $68.2M Reduce -3.4%
AVGO Broadcom Inc. 3.59% 289,970 $67.2M Add +624.8%
T AT&T Inc. 3.54% 2,908,657 $66.2M Reduce -3.0%
CSCO Cisco Systems Inc. 3.43% 1,085,899 $64.3M Add +14.7%
BLK BlackRock Inc. 3.30% 60,259 $61.8M Reduce -4.1%
ENB Enbridge Inc. 3.24% 1,432,450 $60.8M Reduce -4.5%
EMR Emerson Electric Co. 3.10% 468,827 $58.1M Reduce -3.2%
CVX Chevron Corp. 3.06% 396,193 $57.4M Add +12.3%
MO Altria Group Inc. 2.99% 1,071,434 $56.0M Reduce -2.4%
APD Air Products & Chemicals Inc. 2.83% 182,741 $53.0M Reduce -2.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.80% 238,804 $52.5M Reduce -6.2%
COF Capital One Financial Corp. 2.69% 282,597 $50.4M Reduce -3.9%
SRE Sempra 2.42% 517,387 $45.4M Reduce -3.3%
HD Home Depot Inc. 2.40% 115,379 $44.9M Reduce -3.5%
ABBV Abbvie Inc. 2.39% 251,428 $44.7M Reduce -29.5%
LMT Lockheed Martin Corp. 2.32% 89,447 $43.5M Reduce -4.0%
EVRG Evergy Inc. 2.28% 694,159 $42.7M Reduce -6.1%
CMCSA Comcast Corp. Class A 2.27% 1,132,930 $42.5M Reduce -10.8%
GILD Gilead Sciences Inc. 2.26% 458,670 $42.4M Reduce -29.4%
KVUE Kenvue Inc. 2.15% 1,886,566 $40.3M Reduce -2.8%
BMY Bristol-Myers Squibb Co. 2.08% 689,835 $39.0M Reduce -6.7%
UPS United Parcel Service Class B 2.06% 305,530 $38.5M Reduce -21.7%
PSX Phillips 66 2.03% 333,046 $37.9M Reduce -4.9%
GLW Corning Inc. 1.99% 785,190 $37.3M Reduce -30.8%
CRH CRH PLC 1.95% 394,388 $36.5M Reduce -4.6%
AAPL Apple Inc. 1.88% 140,794 $35.3M Add +5.1%
JNJ Johnson & Johnson 1.78% 230,914 $33.4M Reduce -18.7%
MDT Medtronic PLC 1.63% 383,292 $30.6M Reduce -12.0%
MSFT Microsoft Corp. 1.63% 72,511 $30.6M Add +4.3%
TSN Tyson Foods Inc. Class A 1.61% 526,259 $30.2M Reduce -8.3%
MRK Merck & Co. Inc. 1.53% 287,889 $28.6M Add +893.4%
CVS CVS Health Corp. 1.35% 562,294 $25.2M Reduce -36.1%
NVDA Nvidia Corp. 1.27% 177,771 $23.9M Reduce -1.6%
DOW Dow Inc. 1.11% 517,111 $20.8M Add +45.5%
GOOG Alphabet Inc. Class C 0.82% 80,687 $15.4M Add +7.4%
AMZN Amazon.com Inc. 0.72% 61,454 $13.5M Add +26.6%
ETN Eaton Corp. PLC 0.67% 37,831 $12.6M Reduce -0.1%
V Visa Inc. Class A 0.55% 32,558 $10.3M Add +0.2%
LLY Eli Lilly & Co. 0.54% 13,169 $10.2M Reduce -5.3%
QCOM Qualcomm Inc. 0.54% 66,091 $10.2M Reduce -2.6%
TSM Taiwan Semiconductor-SP ADR 0.53% 50,644 $10.0M Reduce -5.3%
XOM Exxon Mobil Corp. 0.53% 92,761 $10.0M Reduce -1.7%
UNH Unitedhealth Group Inc. 0.44% 16,337 $8.3M Reduce -8.4%
ADBE Adobe Inc. 0.39% 16,504 $7.3M Reduce -5.2%
HON Honeywell International Inc. 0.34% 28,276 $6.4M Reduce -2.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.31% 51,350 $5.7M Reduce -3.7%
DD Dupont DE Nemours Inc. 0.30% 74,602 $5.7M Reduce -1.2%
EXPE Expedia Group Inc. 0.30% 29,734 $5.5M Reduce -2.2%
AMD Advanced Micro Devices 0.28% 43,604 $5.3M Reduce -9.7%
MET Metlife Inc. 0.27% 62,751 $5.1M Reduce -0.5%
TMO Thermo Fisher Scientific Inc. 0.27% 9,780 $5.1M Reduce -16.4%
ORCL Oracle Corp. 0.27% 30,168 $5.0M Reduce -3.5%
TRV The Travelers Cos Inc. 0.26% 19,912 $4.8M Reduce -9.5%
PEP Pepsico Inc. 0.24% 30,124 $4.6M Reduce -22.9%
MS Morgan Stanley 0.24% 35,196 $4.4M Reduce -4.8%
FERG Ferguson Enterprises Inc. 0.23% 25,222 $4.4M New
GOOGL Alphabet Inc. Class A 0.21% 20,818 $3.9M Reduce -6.9%
AZN Astrazeneca PLC-Spons ADR 0.20% 57,676 $3.8M Add +46.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.20% 85,669 $3.8M Reduce -7.3%
RNR Renaissancere Holdings Ltd. 0.19% 14,579 $3.6M Reduce -5.7%
LOW Lowe's Cos Inc. 0.18% 13,998 $3.5M Reduce -0.9%
WFC Wells Fargo & Co. 0.17% 44,476 $3.1M Add +129.9%
ULTA Ulta Beauty Inc. 0.17% 7,111 $3.1M Reduce -45.0%
COST Costco Wholesale Corp. 0.16% 3,265 $3.0M Add +6.3%
WBD Warner Bros Discovery Inc. 0.16% 282,078 $3.0M Reduce -22.4%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.15% 24,933 $2.8M Reduce -0.9%
STZ Constellation Brands Inc. Class A 0.15% 12,614 $2.8M Reduce -38.6%
RY Royal Bank of Canada 0.15% 22,562 $2.7M No change
SBUX Starbucks Corp. 0.14% 29,590 $2.7M Reduce -11.1%
BAX Baxter International Inc. 0.12% 78,193 $2.3M Reduce -34.6%
TGT Target Corp. 0.12% 15,944 $2.2M Add +23.7%
KMI Kinder Morgan Inc. 0.11% 75,894 $2.1M New
PM Philip Morris International 0.10% 15,672 $1.9M Reduce -1.2%
SCHW Schwab (charles) Corp. 0.09% 23,616 $1.7M New
PNC PNC Financial Services Group 0.09% 8,701 $1.7M Add +130.9%
GIS General Mills Inc. 0.09% 25,301 $1.6M Reduce -5.4%
RTX RTX Corp. 0.08% 13,615 $1.6M Add +303.8%
ABT Abbott Laboratories 0.08% 13,796 $1.6M Reduce -16.2%
AMAT Applied Materials Inc. 0.08% 9,094 $1.5M No change
DUK Duke Energy Corp. 0.08% 13,651 $1.5M Reduce -6.3%
AXP American Express Co. 0.08% 4,931 $1.5M Reduce -9.2%
AIG American International Group 0.08% 20,000 $1.5M New
CTRA Coterra Energy Inc. 0.07% 54,885 $1.4M Add +7.6%
FDX FedEx Corp. 0.07% 4,824 $1.4M Reduce -7.9%
UNP Union Pacific Corp. 0.07% 5,392 $1.2M Reduce -7.7%
META Meta Platforms Inc. Class A 0.07% 2,088 $1.2M Add +3.7%
TSLA Tesla Inc. 0.06% 3,001 $1.2M Reduce -25.3%
VNT Vontier Corp. 0.06% 32,060 $1.2M Reduce -6.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.06% 30,471 $1.2M Reduce -43.4%
SYK Stryker Corp. 0.06% 3,205 $1.2M Reduce -0.2%
GS Goldman Sachs Group Inc. 0.06% 1,920 $1.1M Reduce -13.0%
APTV Aptiv PLC 0.06% 18,127 $1.1M Reduce -41.2%
NXPI NXP Semiconductors NV 0.06% 5,212 $1.1M Reduce -5.1%
BWA Borgwarner Inc. 0.06% 33,595 $1.1M Reduce -36.0%
PG The Procter & Gamble Co. 0.06% 6,304 $1.1M Reduce -8.2%
MOG.A Moog Inc. Class A 0.06% 5,262 $1.0M Reduce -41.5%
WMB Williams Cos Inc. 0.05% 18,870 $1.0M Reduce -0.2%
MCD McDonald's Corp. 0.05% 3,411 $989K Reduce -0.4%
PBA Pembina Pipeline Corp. 0.05% 23,406 $865K Add +7.6%
AMGN Amgen Inc. 0.05% 3,255 $848K Reduce -4.4%
CAT Caterpillar Inc. 0.05% 2,332 $846K Reduce -1.7%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.04% 8,001 $841K New
BRK.B Berkshire Hathaway Inc. Class B 0.04% 1,765 $800K Reduce -3.3%
CXT Crane NXT Co. 0.04% 13,115 $764K New
HAS Hasbro Inc. 0.04% 12,290 $687K Reduce -6.8%
ANET Arista Networks Inc. 0.03% 5,367 $593K Add +10.6%
BHP BHP Group Ltd.-Spon ADR 0.03% 11,716 $572K Reduce -2.1%
SBGSY Schneider Elect SE-Unsp ADR 0.03% 11,501 $571K Reduce -4.4%
AFL Aflac Inc. 0.03% 5,391 $558K Reduce -0.3%
BX Blackstone Inc. 0.03% 3,083 $532K Add +11.8%
WMT Walmart Inc. 0.03% 5,850 $529K Add +0.4%
SMFG Sumitomo Mitsui-Spons ADR 0.03% 36,220 $525K Reduce -2.7%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.03% 42,540 $499K Reduce -4.3%
BAESY Bae Systems PLC -Spon ADR 0.02% 8,135 $465K Reduce -3.3%
PH Parker Hannifin Corp. 0.02% 730 $464K Add +7.3%
NKE Nike Inc. Class B 0.02% 5,654 $428K Reduce -19.6%
MCHP Microchip Technology Inc. 0.02% 7,458 $428K Reduce -8.8%
BCS Barclays PLC-Spons ADR 0.02% 31,935 $424K Reduce -2.4%
BA The Boeing Co. 0.02% 2,388 $423K Reduce -32.9%
ABBNY Abb Ltd.-Spon ADR 0.02% 7,869 $423K Reduce -2.4%
NFLX Netflix Inc. 0.02% 460 $410K Reduce -1.7%
GPC Genuine Parts Co. 0.02% 3,475 $406K Reduce -16.1%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.02% 49,985 $403K Reduce -1.8%
WDC Western Digital Corp. 0.02% 6,672 $398K Reduce -91.3%
PFE Pfizer Inc. 0.02% 13,453 $357K Reduce -75.1%
PRU Prudential Financial Inc. 0.02% 2,990 $354K Add +3.3%
VZ Verizon Communications Inc. 0.02% 8,807 $352K Reduce -81.1%
VOD Vodafone Group PLC-SP ADR 0.02% 41,234 $350K Reduce -0.5%
NVS Novartis AG-Sponsored ADR 0.02% 3,545 $345K Reduce -3.7%
BP BP PLC-Spons ADR 0.02% 11,538 $341K Reduce -12.7%
ALIZY Allianz SE - Unsp ADR 0.02% 11,165 $341K Reduce -2.7%
EXC Exelon Corp. 0.02% 8,969 $338K No change
ADRNY Koninklijke Ahold-SP ADR 0.02% 10,349 $337K New
AXAHY AXA -Spons ADR 0.02% 9,017 $321K Reduce -2.8%
CACI Caci International Inc. Class A 0.02% 780 $315K New
OMC Omnicom Group 0.02% 3,646 $314K Reduce -30.1%
MAA Mid-America Apartment Comm 0.02% 1,990 $308K New
MFC Manulife Financial Corp. 0.02% 9,945 $305K Reduce -1.8%
BTI British American Tob-SP ADR 0.02% 8,255 $300K Reduce -2.6%
BNPQY BNP Paribas-ADR 0.01% 9,047 $278K Reduce -14.1%
IX Orix - Sponsored ADR filed as ORIX CORP 0.01% 2,550 $271K Reduce -2.9%
IMBBY Imperial Brands PLC-Spon ADR 0.01% 8,332 $267K Reduce -1.9%
PEG Public Service Enterprise GP 0.01% 3,137 $265K No change
APO Apollo Global Management Inc. 0.01% 1,600 $264K New
XEL Xcel Energy Inc. 0.01% 3,881 $262K Add +0.5%
SNY Sanofi-ADR 0.01% 5,352 $258K Reduce -13.9%
HMC Honda Motor Co. Ltd.-Spons ADR 0.01% 8,805 $251K Reduce -14.2%
NGG National Grid PLC-SP ADR 0.01% 4,228 $251K Reduce -12.7%
EXR Extra Space Storage Inc. 0.01% 1,673 $250K New
HIG Hartford Insurance Group Inc. 0.01% 2,254 $247K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.01% 2,848 $241K Reduce -29.9%
RIO Rio Tinto PLC-Spon ADR 0.01% 4,012 $236K Reduce -14.3%
ORANY Orange-Spon ADR 0.01% 23,869 $235K Reduce -1.5%
MA Mastercard Inc. Class A 0.01% 445 $235K Reduce -9.2%
MBGYY Mercedes-Benz Group-Unsp ADR 0.01% 16,903 $234K Reduce -4.9%
CRM Salesforce Inc. 0.01% 673 $225K New
CKHUY CK Hutchison Holdin-Unsp ADR 0.01% 40,373 $214K Reduce -3.6%
EPD Enterprise Products Partners 0.01% 6,832 $214K Reduce -1.2%
NEE Nextera Energy Inc. 0.01% 2,934 $210K New
CEG Constellation Energy 0.01% 929 $208K New
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.01% 1,650 $203K New
SSCFF Smartcool Systems Inc. 0.00% 10,000 $400 No change

Portfolio Sells Q3 2024 → Q4 2024

CVS CVS Health Corp. Reduce -36.1% 1.35% −1.53
ABBV Abbvie Inc. Reduce -29.5% 2.39% −1.01
UPS United Parcel Service Class B Reduce -21.7% 2.06% −0.90
PSX Phillips 66 Reduce -4.9% 2.03% −0.71
JNJ Johnson & Johnson Reduce -18.7% 1.78% −0.52
CMCSA Comcast Corp. Class A Reduce -10.8% 2.27% −0.49
GLW Corning Inc. Reduce -30.8% 1.99% −0.45
WDC Western Digital Corp. Reduce -91.3% 0.02% −0.30
FERG Ferguson Jersey Ltd. Sold out 0.00% −0.28
MDT Medtronic PLC Reduce -12.0% 1.63% −0.27
GILD Gilead Sciences Inc. Reduce -29.4% 2.26% −0.21
QCOM Qualcomm Inc. Reduce -2.6% 0.54% −0.21
TSN Tyson Foods Inc. Class A Reduce -8.3% 1.61% −0.20
LLY Eli Lilly & Co. Reduce -5.3% 0.54% −0.16
AMD Advanced Micro Devices Reduce -9.7% 0.28% −0.15
ADBE Adobe Inc. Reduce -5.2% 0.39% −0.14
STZ Constellation Brands Inc. Class A Reduce -38.6% 0.15% −0.14
PEP Pepsico Inc. Reduce -22.9% 0.24% −0.11
ULTA Ulta Beauty Inc. Reduce -45.0% 0.17% −0.11
BAX Baxter International Inc. Reduce -34.6% 0.12% −0.10
LMT Lockheed Martin Corp. Reduce -4.0% 2.32% −0.09
VZ Verizon Communications Inc. Reduce -81.1% 0.02% −0.09
TMO Thermo Fisher Scientific Inc. Reduce -16.4% 0.27% −0.09
SLB SLB Ltd. Reduce -43.4% 0.06% −0.08
XOM Exxon Mobil Corp. Reduce -1.7% 0.53% −0.07
PFE Pfizer Inc. Reduce -75.1% 0.02% −0.06
UNH Unitedhealth Group Inc. Reduce -8.4% 0.44% −0.06
APTV Aptiv PLC Reduce -41.2% 0.06% −0.06
EMN Eastman Chemical Co. Sold out 0.00% −0.04
BWA Borgwarner Inc. Reduce -36.0% 0.06% −0.04
DD Dupont DE Nemours Inc. Reduce -1.2% 0.30% −0.03
MOG.A Moog Inc. Class A Reduce -41.5% 0.06% −0.03
NXPI NXP Semiconductors NV Reduce -5.1% 0.06% −0.02
MCHP Microchip Technology Inc. Reduce -8.8% 0.02% −0.02
GOOGL Alphabet Inc. Class A Reduce -6.9% 0.21% −0.02
FDX FedEx Corp. Reduce -7.9% 0.07% −0.01
AMGN Amgen Inc. Reduce -4.4% 0.05% −0.01
BA The Boeing Co. Reduce -32.9% 0.02% −0.01
KMTUY Komatsu Ltd. -Spons ADR Sold out 0.00% −0.01
ABT Abbott Laboratories Reduce -16.2% 0.08% −0.01
OCSL Oaktree Specialty Lending Co. Sold out 0.00% −0.01
VNT Vontier Corp. Reduce -6.9% 0.06% −0.01
TROW T Rowe Price Group Inc. Reduce -0.9% 0.15% −0.01
GPC Genuine Parts Co. Reduce -16.1% 0.02% −0.01
OMC Omnicom Group Reduce -30.1% 0.02% −0.01
IFF Intl Flavors & Fragrances Reduce -29.9% 0.01% −0.01
BP BP PLC-Spons ADR Reduce -12.7% 0.02% −0.01
UNP Union Pacific Corp. Reduce -7.7% 0.07% −0.01
GIS General Mills Inc. Reduce -5.4% 0.09% −0.01
BHP BHP Group Ltd.-Spon ADR Reduce -2.1% 0.03% −0.01

Portfolio Buys Q3 2024 → Q4 2024

MRK Merck & Co. Inc. Add +893.4% 1.53% +1.33
CSCO Cisco Systems Inc. Add +14.7% 3.43% +0.94
AAPL Apple Inc. Add +5.1% 1.88% +0.32
FERG Ferguson Enterprises Inc. New 0.23% +0.23
AMZN Amazon.com Inc. Add +26.6% 0.72% +0.20
KMI Kinder Morgan Inc. New 0.11% +0.11
WFC Wells Fargo & Co. Add +129.9% 0.17% +0.10
SCHW Schwab (charles) Corp. New 0.09% +0.09
AIG American International Group New 0.08% +0.08
V Visa Inc. Class A Add +0.2% 0.55% +0.08
RTX RTX Corp. Add +303.8% 0.08% +0.07
DOW Dow Inc. Add +45.5% 1.11% +0.06
PNC PNC Financial Services Group Add +130.9% 0.09% +0.06
GOOG Alphabet Inc. Class C Add +7.4% 0.82% +0.06
IRM Iron Mountain Inc. New 0.04% +0.04
CXT Crane NXT Co. New 0.04% +0.04
AZN Astrazeneca PLC-Spons ADR Add +46.1% 0.20% +0.03
AVGO Broadcom Inc. Add +624.8% 3.59% +0.03
ADRNY Koninklijke Ahold-SP ADR New 0.02% +0.02
CACI Caci International Inc. Class A New 0.02% +0.02
MAA Mid-America Apartment Comm New 0.02% +0.02
COST Costco Wholesale Corp. Add +6.3% 0.16% +0.01
APO Apollo Global Management Inc. New 0.01% +0.01
EXR Extra Space Storage Inc. New 0.01% +0.01
CRM Salesforce Inc. New 0.01% +0.01
NEE Nextera Energy Inc. New 0.01% +0.01
CEG Constellation Energy New 0.01% +0.01
SUI Sun Communities Inc. New 0.01% +0.01
BX Blackstone Inc. Add +11.8% 0.03% +0.01
TGT Target Corp. Add +23.7% 0.12% +0.01
META Meta Platforms Inc. Class A Add +3.7% 0.07% +0.01
ANET Arista Networks Inc. Add +10.6% 0.03% +0.01
WMT Walmart Inc. Add +0.4% 0.03% +0.01
PH Parker Hannifin Corp. Add +7.3% 0.02% +0.01
CVX Chevron Corp. Add +12.3% 3.06% +0.00
XEL Xcel Energy Inc. Add +0.5% 0.01% +0.00
PBA Pembina Pipeline Corp. Add +7.6% 0.05% +0.00
PRU Prudential Financial Inc. Add +3.3% 0.02% +0.00
CTRA Coterra Energy Inc. Add +7.6% 0.07% −0.00
MSFT Microsoft Corp. Add +4.3% 1.63% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 181$2.4BNTRS, CSCO, JPM, MTB, CVS
Q1 2026 172$2.3BCTRA, CVX, CSCO, NTRS, JPM
Q4 2025 173$2.2BJPM, CSCO, NTRS, MTB, COF
Q3 2025 167$2.2BJPM, NTRS, CSCO, ENB, MTB
Q2 2025 170$2.1BJPM, CSCO, NTRS, MTB, ENB
Q1 2025 165$2.0BT, CVX, JPM, CSCO, MTB
Q4 2024 163$1.9BJPM, MTB, AVGO, T, CSCO
Q3 2024 153$1.8BJPM, AVGO, ABBV, T, MTB
Q2 2024 153$1.8BJPM, AVGO, ABBV, T, MTB
Q1 2024 148$1.8BJPM, AVGO, ABBV, PSX, ENB