RNC Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 16, 2025), RNC Capital Management LLC reported 165 stock positions worth $2.0 billion. Its top holding was AT&T (T) at 4.2% of the portfolio, followed by Chevron (CVX, 3.4%) and JPMorgan Chase (JPM, 3.4%). Compared with Q4 2024, it opened 9 new positions, sold out of 7, added to 74 and reduced 69. The biggest buy was a new position in Northern Trust (NTRS) and the biggest sale Broadcom (AVGO, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0000051762
- Portfolio Value
- $2.0B (Q1 2025)
- SEC Filing
- 0000051762-25-000002 ↗ filed May 16, 2025
Holdings Value
Holdings 165 stocks · $2.0B
| T AT&T Inc. | 4.19% | 2,903,196 | $82.1M | Reduce -0.2% |
| CVX Chevron Corp. | 3.44% | 403,070 | $67.4M | Add +1.7% |
| JPM JPMorgan Chase & Co. | 3.41% | 272,410 | $66.8M | Reduce -24.1% |
| CSCO Cisco Systems Inc. | 3.40% | 1,081,284 | $66.7M | Reduce -0.4% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 3.30% | 362,000 | $64.7M | Reduce -0.2% |
| MO Altria Group Inc. | 3.29% | 1,075,155 | $64.5M | Add +0.3% |
| ENB Enbridge Inc. | 3.24% | 1,430,997 | $63.4M | Reduce -0.1% |
| BLK BlackRock Inc. | 2.87% | 59,463 | $56.3M | Reduce -1.3% |
| CVS CVS Health Corp. | 2.81% | 813,333 | $55.1M | Add +44.6% |
| APD Air Products & Chemicals Inc. | 2.77% | 183,906 | $54.2M | Add +0.6% |
| ABBV Abbvie Inc. | 2.65% | 248,067 | $52.0M | Reduce -1.3% |
| COF Capital One Financial Corp. | 2.62% | 286,551 | $51.4M | Add +1.4% |
| EMR Emerson Electric Co. | 2.62% | 468,450 | $51.4M | Reduce -0.1% |
| GILD Gilead Sciences Inc. | 2.61% | 456,585 | $51.2M | Reduce -0.5% |
| EVRG Evergy Inc. | 2.44% | 693,666 | $47.8M | Reduce -0.1% |
| JNJ Johnson & Johnson | 2.35% | 277,640 | $46.0M | Add +20.2% |
| KVUE Kenvue Inc. | 2.31% | 1,885,185 | $45.2M | Reduce -0.1% |
| BMY Bristol-Myers Squibb Co. | 2.22% | 713,954 | $43.5M | Add +3.5% |
| SRE Sempra | 2.16% | 593,580 | $42.4M | Add +14.7% |
| HD Home Depot Inc. | 2.14% | 114,394 | $41.9M | Reduce -0.8% |
| NTRS Northern Trust Corp. | 2.14% | 424,780 | $41.9M | New |
| CMCSA Comcast Corp. Class A | 2.13% | 1,129,179 | $41.7M | Reduce -0.3% |
| PSX Phillips 66 | 2.11% | 334,871 | $41.3M | Add +0.6% |
| PEP Pepsico Inc. | 2.11% | 275,611 | $41.3M | Add +814.9% |
| UPS United Parcel Service Class B | 2.07% | 368,670 | $40.5M | Add +20.7% |
| LMT Lockheed Martin Corp. | 2.02% | 88,458 | $39.5M | Reduce -1.1% |
| MDT Medtronic PLC | 1.91% | 417,021 | $37.5M | Add +8.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.84% | 145,224 | $36.1M | Reduce -39.2% |
| GLW Corning Inc. | 1.82% | 778,824 | $35.7M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 1.80% | 393,687 | $35.3M | Add +36.8% |
| CRH CRH PLC | 1.75% | 389,613 | $34.3M | Reduce -1.2% |
| AAPL Apple Inc. | 1.54% | 135,478 | $30.1M | Reduce -3.8% |
| MSFT Microsoft Corp. | 1.36% | 70,763 | $26.6M | Reduce -2.4% |
| DOW Dow Inc. | 1.35% | 760,083 | $26.5M | Add +47.0% |
| AVGO Broadcom Inc. | 1.28% | 149,319 | $25.0M | Reduce -48.5% |
| LKQ LKQ Corp. | 1.27% | 584,153 | $24.8M | New |
| NVDA Nvidia Corp. | 0.98% | 177,180 | $19.2M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 0.67% | 84,025 | $13.1M | Add +4.1% |
| AMZN Amazon.com Inc. | 0.58% | 59,772 | $11.4M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 0.57% | 93,164 | $11.1M | Add +0.4% |
| LLY Eli Lilly & Co. | 0.54% | 12,883 | $10.6M | Reduce -2.2% |
| QCOM Qualcomm Inc. | 0.52% | 65,901 | $10.1M | Reduce -0.3% |
| ETN Eaton Corp. PLC | 0.51% | 37,093 | $10.1M | Reduce -1.9% |
| UNH Unitedhealth Group Inc. | 0.48% | 18,026 | $9.4M | Add +10.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.43% | 50,597 | $8.4M | Reduce -0.1% |
| ADBE Adobe Inc. | 0.38% | 19,615 | $7.5M | Add +18.9% |
| V Visa Inc. Class A | 0.38% | 21,398 | $7.5M | Reduce -34.3% |
| HON Honeywell International Inc. | 0.30% | 27,468 | $5.8M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 0.30% | 10,058 | $5.8M | Add +381.7% |
| DD Dupont DE Nemours Inc. | 0.29% | 75,607 | $5.6M | Add +1.4% |
| TMO Thermo Fisher Scientific Inc. | 0.28% | 11,017 | $5.5M | Add +12.7% |
| TRV The Travelers Cos Inc. | 0.26% | 19,254 | $5.1M | Reduce -3.3% |
| EXPE Expedia Group Inc. | 0.26% | 29,800 | $5.0M | Add +0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 50,011 | $4.9M | Reduce -2.6% |
| BAX Baxter International Inc. | 0.24% | 136,048 | $4.7M | Add +74.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.22% | 59,716 | $4.4M | Add +3.5% |
| WFC Wells Fargo & Co. | 0.22% | 58,953 | $4.2M | Add +32.5% |
| CRM Salesforce Inc. | 0.21% | 15,649 | $4.2M | Add +2225.3% |
| MS Morgan Stanley | 0.21% | 34,787 | $4.1M | Reduce -1.2% |
| FERG Ferguson Enterprises Inc. | 0.21% | 25,176 | $4.0M | Reduce -0.2% |
| MET Metlife Inc. | 0.21% | 50,184 | $4.0M | Reduce -20.0% |
| ORCL Oracle Corp. | 0.19% | 26,406 | $3.7M | Reduce -12.5% |
| RNR Renaissancere Holdings Ltd. | 0.18% | 14,411 | $3.5M | Reduce -1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.18% | 82,615 | $3.4M | Reduce -3.6% |
| LOW Lowe's Cos Inc. | 0.16% | 13,747 | $3.2M | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 0.16% | 20,669 | $3.2M | Reduce -0.7% |
| SCHW Schwab (charles) Corp. | 0.16% | 39,895 | $3.1M | Add +68.9% |
| COST Costco Wholesale Corp. | 0.15% | 3,114 | $2.9M | Reduce -4.6% |
| ULTA Ulta Beauty Inc. | 0.14% | 7,537 | $2.8M | Add +6.0% |
| TSLA Tesla Inc. | 0.13% | 9,977 | $2.6M | Add +232.5% |
| RY Royal Bank of Canada | 0.13% | 22,562 | $2.5M | No change |
| STZ Constellation Brands Inc. Class A | 0.13% | 13,484 | $2.5M | Add +6.9% |
| PM Philip Morris International | 0.12% | 15,299 | $2.4M | Reduce -2.4% |
| TSN Tyson Foods Inc. Class A | 0.12% | 37,831 | $2.4M | Reduce -92.8% |
| SBUX Starbucks Corp. | 0.12% | 24,091 | $2.4M | Reduce -18.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.12% | 56,376 | $2.4M | Add +85.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.12% | 25,442 | $2.3M | Add +2.0% |
| TGT Target Corp. | 0.12% | 21,898 | $2.3M | Add +37.3% |
| KMI Kinder Morgan Inc. | 0.11% | 76,566 | $2.2M | Add +0.9% |
| RTX RTX Corp. | 0.09% | 13,677 | $1.8M | Add +0.5% |
| AIG American International Group | 0.09% | 20,000 | $1.7M | No change |
| CTRA Coterra Energy Inc. | 0.08% | 57,103 | $1.7M | Add +4.0% |
| DUK Duke Energy Corp. | 0.08% | 13,377 | $1.6M | Reduce -2.0% |
| ABT Abbott Laboratories | 0.08% | 11,120 | $1.5M | Reduce -19.4% |
| PNC PNC Financial Services Group | 0.08% | 8,380 | $1.5M | Reduce -3.7% |
| CAT Caterpillar Inc. | 0.07% | 4,280 | $1.4M | Add +83.5% |
| AMAT Applied Materials Inc. | 0.07% | 9,094 | $1.3M | No change |
| AMD Advanced Micro Devices | 0.07% | 12,495 | $1.3M | Reduce -71.3% |
| SYK Stryker Corp. | 0.06% | 3,205 | $1.2M | No change |
| FDX FedEx Corp. | 0.06% | 4,588 | $1.1M | Reduce -4.9% |
| PG The Procter & Gamble Co. | 0.06% | 6,540 | $1.1M | Add +3.7% |
| MCD McDonald's Corp. | 0.06% | 3,471 | $1.1M | Add +1.8% |
| GS Goldman Sachs Group Inc. | 0.05% | 1,936 | $1.1M | Add +0.8% |
| VNT Vontier Corp. | 0.05% | 32,152 | $1.1M | Add +0.3% |
| AMGN Amgen Inc. | 0.05% | 3,205 | $998K | Reduce -1.5% |
| WMB Williams Cos Inc. | 0.05% | 16,635 | $994K | Reduce -11.8% |
| CXT Crane NXT Co. | 0.05% | 18,585 | $955K | Add +41.7% |
| NXPI NXP Semiconductors NV | 0.05% | 4,982 | $947K | Reduce -4.4% |
| MOG.A Moog Inc. Class A | 0.05% | 5,204 | $902K | Reduce -1.1% |
| PBA Pembina Pipeline Corp. | 0.05% | 22,271 | $892K | Reduce -4.8% |
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -48.5% | 1.28% | −2.31 |
| TSN Tyson Foods Inc. Class A | Reduce -92.8% | 0.12% | −1.49 |
| JPM JPMorgan Chase & Co. | Reduce -24.1% | 3.41% | −1.18 |
| IBM Intl Business Machines Corp. | Reduce -39.2% | 1.84% | −0.96 |
| EMR Emerson Electric Co. | Reduce -0.1% | 2.62% | −0.48 |
| BLK BlackRock Inc. | Reduce -1.3% | 2.87% | −0.43 |
| AAPL Apple Inc. | Reduce -3.8% | 1.54% | −0.35 |
| MTB M & T Bank Corp. | Reduce -0.2% | 3.30% | −0.34 |
| LMT Lockheed Martin Corp. | Reduce -1.1% | 2.02% | −0.30 |
| NVDA Nvidia Corp. | Reduce -0.3% | 0.98% | −0.29 |
| MSFT Microsoft Corp. | Reduce -2.4% | 1.36% | −0.28 |
| HD Home Depot Inc. | Reduce -0.8% | 2.14% | −0.26 |
| AMD Advanced Micro Devices | Reduce -71.3% | 0.07% | −0.22 |
| CRH CRH PLC | Reduce -1.2% | 1.75% | −0.20 |
| GLW Corning Inc. | Reduce -0.8% | 1.82% | −0.17 |
| V Visa Inc. Class A | Reduce -34.3% | 0.38% | −0.17 |
| ETN Eaton Corp. PLC | Reduce -1.9% | 0.51% | −0.16 |
| WBD Warner Bros Discovery Inc. | Reduce -95.9% | 0.01% | −0.15 |
| CMCSA Comcast Corp. Class A | Reduce -0.3% | 2.13% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 0.58% | −0.14 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.1% | 0.43% | −0.11 |
| ORCL Oracle Corp. | Reduce -12.5% | 0.19% | −0.08 |
| MET Metlife Inc. | Reduce -20.0% | 0.21% | −0.07 |
| GIS General Mills Inc. | Reduce -71.2% | 0.02% | −0.06 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.06 |
| AXP American Express Co. | Reduce -63.7% | 0.02% | −0.05 |
| DIS The Walt Disney Co. | Reduce -2.6% | 0.25% | −0.05 |
| UNP Union Pacific Corp. | Reduce -80.2% | 0.01% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 0.16% | −0.05 |
| HON Honeywell International Inc. | Reduce -2.9% | 0.30% | −0.04 |
| MS Morgan Stanley | Reduce -1.2% | 0.21% | −0.03 |
| FERG Ferguson Enterprises Inc. | Reduce -0.2% | 0.21% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -0.4% | 3.40% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -0.3% | 0.52% | −0.03 |
| BAC Bank of America Corp. | Reduce -3.6% | 0.18% | −0.03 |
| SBUX Starbucks Corp. | Reduce -18.6% | 0.12% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -1.8% | 0.16% | −0.02 |
| APTV Aptiv PLC | Reduce -31.1% | 0.04% | −0.02 |
| RNR Renaissancere Holdings Ltd. | Reduce -1.1% | 0.18% | −0.02 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.02 |
| SBGSY Schneider Elect SE-Unsp ADR | Reduce -49.3% | 0.01% | −0.02 |
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −0.02 |
| FDX FedEx Corp. | Reduce -4.9% | 0.06% | −0.02 |
| PNC PNC Financial Services Group | Reduce -3.7% | 0.08% | −0.01 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.01 |
| ANET Arista Networks Inc. | Reduce -9.7% | 0.02% | −0.01 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.01 |
| CEG Constellation Energy | Sold out | 0.00% | −0.01 |
| SUI Sun Communities Inc. | Sold out | 0.00% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -4.4% | 0.05% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| NTRS Northern Trust Corp. | New | 2.14% | +2.14 |
| PEP Pepsico Inc. | Add +814.9% | 2.11% | +1.86 |
| CVS CVS Health Corp. | Add +44.6% | 2.81% | +1.46 |
| LKQ LKQ Corp. | New | 1.27% | +1.27 |
| JNJ Johnson & Johnson | Add +20.2% | 2.35% | +0.57 |
| CVX Chevron Corp. | Add +1.7% | 3.44% | +0.38 |
| MO Altria Group Inc. | Add +0.3% | 3.29% | +0.30 |
| MDT Medtronic PLC | Add +8.8% | 1.91% | +0.28 |
| MRK Merck & Co. Inc. | Add +36.8% | 1.80% | +0.27 |
| DOW Dow Inc. | Add +47.0% | 1.35% | +0.25 |
| META Meta Platforms Inc. Class A | Add +381.7% | 0.30% | +0.23 |
| CRM Salesforce Inc. | Add +2225.3% | 0.21% | +0.20 |
| BMY Bristol-Myers Squibb Co. | Add +3.5% | 2.22% | +0.14 |
| BAX Baxter International Inc. | Add +74.0% | 0.24% | +0.12 |
| PSX Phillips 66 | Add +0.6% | 2.11% | +0.08 |
| TSLA Tesla Inc. | Add +232.5% | 0.13% | +0.07 |
| SCHW Schwab (charles) Corp. | Add +68.9% | 0.16% | +0.07 |
| SLB SLB Ltd. | Add +85.0% | 0.12% | +0.06 |
| WFC Wells Fargo & Co. | Add +32.5% | 0.22% | +0.05 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.04% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +10.3% | 0.48% | +0.04 |
| XOM Exxon Mobil Corp. | Add +0.4% | 0.57% | +0.03 |
| CAT Caterpillar Inc. | Add +83.5% | 0.07% | +0.03 |
| AZN Astrazeneca PLC-Spons ADR | Add +3.5% | 0.22% | +0.02 |
| ENLAY Enel SPA - Unspon ADR | New | 0.02% | +0.02 |
| BBVA Banco Bilbao Vizcaya-SP ADR | New | 0.02% | +0.02 |
| NMR Nomura Holdings Inc.-Spon ADR | New | 0.02% | +0.02 |
| GE General Electric | New | 0.02% | +0.02 |
| UPS United Parcel Service Class B | Add +20.7% | 2.07% | +0.01 |
| OKE Oneok Inc. | New | 0.01% | +0.01 |
| KMTUY Komatsu Ltd. -Spons ADR | New | 0.01% | +0.01 |
| BAESY Bae Systems PLC -Spon ADR | Add +2.1% | 0.03% | +0.01 |
| CTRA Coterra Energy Inc. | Add +4.0% | 0.08% | +0.01 |
| RTX RTX Corp. | Add +0.5% | 0.09% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +12.7% | 0.28% | +0.01 |
| CXT Crane NXT Co. | Add +41.7% | 0.05% | +0.01 |
| NKE Nike Inc. Class B | Add +65.7% | 0.03% | +0.01 |
| BNPQY BNP Paribas-ADR | Add +15.5% | 0.02% | +0.01 |
| ORANY Orange-Spon ADR | Add +24.1% | 0.02% | +0.01 |
| HAS Hasbro Inc. | Add +6.8% | 0.04% | +0.00 |
| ALIZY Allianz SE - Unsp ADR | Add +1.9% | 0.02% | +0.00 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Add +1.9% | 0.03% | +0.00 |
| NGG National Grid PLC-SP ADR | Add +19.4% | 0.02% | +0.00 |
| SNY Sanofi-ADR | Add +14.1% | 0.02% | +0.00 |
| AXAHY AXA -Spons ADR | Add +2.5% | 0.02% | +0.00 |
| BCS Barclays PLC-Spons ADR | Add +2.3% | 0.03% | +0.00 |
| VOD Vodafone Group PLC-SP ADR | Add +8.8% | 0.02% | +0.00 |
| MCD McDonald's Corp. | Add +1.8% | 0.06% | +0.00 |
| NVS Novartis AG-Sponsored ADR | Add +3.7% | 0.02% | +0.00 |
| ADRNY Koninklijke Ahold-SP ADR | Add +2.5% | 0.02% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 181 | $2.4B | NTRS, CSCO, JPM, MTB, CVS |
| Q1 2026 | 172 | $2.3B | CTRA, CVX, CSCO, NTRS, JPM |
| Q4 2025 | 173 | $2.2B | JPM, CSCO, NTRS, MTB, COF |
| Q3 2025 | 167 | $2.2B | JPM, NTRS, CSCO, ENB, MTB |
| Q2 2025 | 170 | $2.1B | JPM, CSCO, NTRS, MTB, ENB |
| Q1 2025 | 165 | $2.0B | T, CVX, JPM, CSCO, MTB |
| Q4 2024 | 163 | $1.9B | JPM, MTB, AVGO, T, CSCO |
| Q3 2024 | 153 | $1.8B | JPM, AVGO, ABBV, T, MTB |
| Q2 2024 | 153 | $1.8B | JPM, AVGO, ABBV, T, MTB |
| Q1 2024 | 148 | $1.8B | JPM, AVGO, ABBV, PSX, ENB |