Vaughan Nelson Investment Management, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Vaughan Nelson Investment Management, L.P. reported 207 stock positions worth $10.0 billion. Its top holding was Microsoft (MSFT) at 3.0% of the portfolio, followed by Amazon.com (AMZN, 2.8%) and Intercontinental Exchange (ICE, 2.4%). Compared with Q4 2024, it opened 28 new positions, sold out of 26, added to 72 and reduced 71. The biggest buy was a new position in Mondelez International Class A (MDLZ) and the biggest sale an exit from DoorDash Class A (DASH).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001021642
- Portfolio Value
- $10.0B (Q1 2025)
- SEC Filing
- 0001021642-25-000003 ↗ filed Apr 17, 2025
Holdings Value
Holdings 207 stocks · $10.0B
| MSFT Microsoft Corp. | 2.98% | 794,107 | $298.1M | Reduce -5.9% |
| AMZN Amazon.com Inc. | 2.83% | 1,485,263 | $282.6M | Reduce -5.8% |
| ICE Intercontinental Exchange Inc. | 2.36% | 1,368,104 | $236.0M | Reduce -5.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.29% | 429,997 | $229.0M | Add +281.6% |
| NVDA Nvidia Corp. | 2.19% | 2,022,715 | $219.2M | Reduce -27.1% |
| ORLY O'reilly Automotive Inc. | 2.14% | 149,393 | $214.0M | Add +7.0% |
| META Meta Platforms Inc. Class A | 2.13% | 370,213 | $213.4M | Add +20.9% |
| GOOGL Alphabet Inc. Class A | 2.03% | 1,315,520 | $203.4M | Reduce -5.8% |
| ZTS Zoetis Inc. | 2.00% | 1,215,063 | $200.1M | Add +3.9% |
| MDLZ Mondelez International Inc. Class A | 1.90% | 2,799,257 | $189.9M | New |
| JPM JPMorgan Chase & Co. | 1.88% | 767,704 | $188.3M | Reduce -6.3% |
| BDX Becton Dickinson and Co. | 1.88% | 820,116 | $187.9M | Add +91.2% |
| IWN iShares Russell 2000 Value E | 1.86% | 1,234,460 | $186.4M | Add +2207.2% |
| TSM Taiwan Semiconductor-SP ADR | 1.69% | 1,018,750 | $169.1M | Reduce -4.8% |
| AGNC AGNC Investment Corp. | 1.63% | 16,996,741 | $162.8M | Add +18.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.57% | 1,594,142 | $157.3M | Reduce -23.2% |
| MPWR Monolithic Power Systems Inc. | 1.48% | 256,028 | $148.5M | Reduce -33.8% |
| WAL Western Alliance Bancorp | 1.47% | 1,909,003 | $146.7M | Add +1.3% |
| MSI Motorola Solutions Inc. | 1.45% | 331,910 | $145.3M | Add +541.2% |
| CMA Comerica Inc. | 1.45% | 2,453,641 | $144.9M | Reduce -1.1% |
| BECN Beacon Roofing Supply Inc. | 1.30% | 1,052,274 | $130.2M | Add +6.8% |
| ZION Zions Bancorp NA | 1.29% | 2,594,620 | $129.4M | Reduce -3.9% |
| EXE Expand Energy Corp. | 1.27% | 1,141,202 | $127.0M | Add +5.9% |
| NOW ServiceNow Inc. | 1.22% | 153,568 | $122.3M | Reduce -21.7% |
| SAIA Saia Inc. | 1.18% | 339,128 | $118.5M | Reduce -18.6% |
| BLD Topbuild Corp. | 1.18% | 386,920 | $118.0M | Add +32.3% |
| ESI Element Solutions Inc. | 1.08% | 4,763,800 | $107.7M | Reduce -8.6% |
| FAF First American Financial | 1.07% | 1,626,142 | $106.7M | Add +6.2% |
| SIGI Selective Insurance Group | 1.03% | 1,128,252 | $103.3M | Add +36.2% |
| UTHR United Therapeutics Corp. | 1.01% | 328,783 | $101.4M | New |
| IBP Installed Building Products | 0.91% | 530,181 | $90.9M | Add +28.6% |
| SHW The Sherwin-Williams Co. | 0.90% | 257,258 | $89.8M | Reduce -5.8% |
| XYL Xylem Inc. | 0.90% | 751,950 | $89.8M | New |
| EGP Eastgroup Properties Inc. | 0.89% | 506,835 | $89.3M | Reduce -2.1% |
| CFR Cullen/Frost Bankers Inc. | 0.89% | 711,527 | $89.1M | Add +19.3% |
| XOM Exxon Mobil Corp. | 0.85% | 716,151 | $85.2M | Add +5230.9% |
| CWK Cushman & Wakefield UK Holdc | 0.85% | 8,313,655 | $85.0M | Reduce -33.4% |
| LNT Alliant Energy Corp. | 0.82% | 1,281,995 | $82.5M | New |
| AZO AutoZone Inc. | 0.81% | 21,213 | $80.9M | Add +167.5% |
| PB Prosperity Bancshares Inc. | 0.79% | 1,112,574 | $79.4M | Add +25.1% |
| TW Tradeweb Markets Inc. Class A | 0.78% | 527,375 | $78.3M | New |
| AR Antero Resources Corp. | 0.77% | 1,914,798 | $77.4M | Add +13.1% |
| FCFS Firstcash Holdings Inc. | 0.77% | 640,521 | $77.1M | Add +14.3% |
| APAM Artisan Partners Asset Ma -A | 0.77% | 1,970,796 | $77.1M | Add +24.0% |
| LECO Lincoln Electric Holdings | 0.77% | 405,559 | $76.7M | Add +51.2% |
| STAG Stag Industrial Inc. | 0.74% | 2,059,849 | $74.4M | Add +12.5% |
| HQY Healthequity Inc. | 0.74% | 835,413 | $73.8M | Add +10.2% |
| CADE Cadence Bank | 0.73% | 2,416,198 | $73.4M | Add +8.1% |
| VVV Valvoline Inc. | 0.71% | 2,045,198 | $71.2M | Add +29.7% |
| GXO Gxo Logistics Inc. | 0.71% | 1,819,395 | $71.1M | Add +66.2% |
| JBTM JBT Marel Corp. | 0.70% | 572,345 | $69.9M | Add +14.3% |
| SR Spire Inc. | 0.70% | 893,162 | $69.9M | New |
| RUSHA Rush Enterprises Inc. Class A | 0.70% | 1,302,218 | $69.6M | Add +6.5% |
| RRR Red Rock Resorts Inc. Class A | 0.69% | 1,602,368 | $69.5M | Add +19.2% |
| NNN NNN REIT Inc. | 0.68% | 1,584,276 | $67.6M | Add +6.2% |
| THG Hanover Insurance Group Inc./ | 0.64% | 369,880 | $64.3M | New |
| RGA Reinsurance Group of America | 0.64% | 326,257 | $64.2M | Add +256.6% |
| KEX Kirby Corp. | 0.64% | 633,812 | $64.0M | Add +122.3% |
| RSG Republic Services Inc. | 0.64% | 263,915 | $63.9M | New |
| MFA Mfa Financial Inc. | 0.62% | 6,030,535 | $61.9M | Add +18.6% |
| HII Huntington Ingalls Industrie | 0.61% | 300,705 | $61.4M | Add +57.0% |
| MSCI MSCI Inc. | 0.61% | 107,035 | $60.5M | Add +66.0% |
| MAN Manpowergroup Inc. | 0.59% | 1,027,000 | $59.4M | Add +73.3% |
| MTRN Materion Corp. | 0.55% | 673,007 | $54.9M | Add +7.5% |
| BWXT BWX Technologies Inc. | 0.55% | 555,300 | $54.8M | Add +13.9% |
| GMED Globus Medical Inc. Class A | 0.54% | 731,192 | $53.5M | Add +7.6% |
| VMC Vulcan Materials Co. | 0.53% | 226,035 | $52.7M | Reduce -9.7% |
| ALL Allstate Corp. | 0.53% | 254,247 | $52.6M | Add +191.0% |
| RXO Rxo Inc. | 0.52% | 2,730,665 | $52.2M | Add +15.0% |
| GIL Gildan Activewear Inc. | 0.50% | 1,139,385 | $50.4M | Reduce -16.4% |
| CPRI Capri Holdings Ltd. | 0.49% | 2,496,815 | $49.3M | Add +7.4% |
| KMPR Kemper Corp. | 0.49% | 730,175 | $48.8M | Add +83.3% |
| COKE Coca-Cola Consolidated Inc. | 0.47% | 35,018 | $47.3M | Reduce -11.7% |
| AAON Aaon Inc. | 0.47% | 595,240 | $46.5M | Reduce -14.9% |
| RRC Range Resources Corp. | 0.46% | 1,153,095 | $46.0M | Reduce -1.3% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.46% | 403,329 | $46.0M | New |
| SKY Champion Homes Inc. | 0.45% | 473,940 | $44.9M | Add +16.4% |
| GATX Gatx Corp. | 0.44% | 284,465 | $44.2M | Add +7.4% |
| WEC WEC Energy Group Inc. | 0.43% | 390,230 | $42.5M | New |
| MRVL Marvell Technology Inc. | 0.42% | 689,655 | $42.5M | Reduce -29.6% |
| AVGO Broadcom Inc. | 0.42% | 252,450 | $42.3M | Add +1023.8% |
| CHD Church & Dwight Co. Inc. | 0.42% | 379,170 | $41.7M | New |
| CMS CMS Energy Corp. | 0.42% | 554,000 | $41.6M | New |
| PFGC Performance Food Group Co. | 0.41% | 524,146 | $41.2M | Reduce -2.3% |
| EVRG Evergy Inc. | 0.40% | 584,245 | $40.3M | New |
| POR Portland General Electric Co. | 0.40% | 900,561 | $40.2M | Reduce -31.4% |
| DPZ Domino's Pizza Inc. | 0.39% | 84,620 | $38.9M | Reduce -14.8% |
| MUR Murphy Oil Corp. | 0.38% | 1,338,002 | $38.0M | Reduce -23.6% |
| VMI Valmont Industries | 0.37% | 131,385 | $37.5M | Reduce -26.1% |
| HWKN Hawkins Inc. | 0.37% | 350,722 | $37.1M | Add +37.6% |
| TYL Tyler Technologies Inc. | 0.37% | 63,045 | $36.7M | Reduce -34.1% |
| MTDR Matador Resources Co. | 0.36% | 697,215 | $35.6M | Reduce -27.4% |
| PR Permian Resources Corp. Class A | 0.35% | 2,554,391 | $35.4M | Reduce -29.8% |
| FTI Technipfmc PLC | 0.34% | 1,063,670 | $33.7M | Reduce -54.0% |
| ITGR Integer Holdings Corp. | 0.33% | 282,485 | $33.3M | New |
| EMBJ Embraer SA-Spon ADR | 0.33% | 721,580 | $33.3M | Reduce -37.5% |
| CACI Caci International Inc. Class A | 0.33% | 90,078 | $33.1M | Add +36.3% |
| XPO Xpo Inc. | 0.32% | 296,225 | $31.9M | Reduce -26.8% |
| ROK Rockwell Automation Inc. | 0.32% | 122,965 | $31.8M | New |
| BRKR Bruker Corp. | 0.32% | 755,800 | $31.5M | Reduce -33.8% |
Portfolio Sells Q4 2024 → Q1 2025
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −1.78 |
| CTVA Corteva Inc. | Sold out | 0.00% | −1.45 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −1.43 |
| INTU Intuit Inc. | Sold out | 0.00% | −1.40 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −1.37 |
| NVDA Nvidia Corp. | Reduce -27.1% | 2.19% | −1.27 |
| DHR Danaher Corp. | Sold out | 0.00% | −1.26 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.97 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -91.0% | 0.09% | −0.93 |
| ON On Semiconductor | Sold out | 0.00% | −0.91 |
| NOW ServiceNow Inc. | Reduce -21.7% | 1.22% | −0.71 |
| CWK Cushman & Wakefield UK Holdc | Reduce -33.4% | 0.85% | −0.67 |
| MPWR Monolithic Power Systems Inc. | Reduce -33.8% | 1.48% | −0.64 |
| MRVL Marvell Technology Inc. | Reduce -29.6% | 0.42% | −0.58 |
| SAIA Saia Inc. | Reduce -18.6% | 1.18% | −0.58 |
| DIS The Walt Disney Co. | Reduce -23.2% | 1.57% | −0.57 |
| UBSI United Bankshares Inc. | Sold out | 0.00% | −0.56 |
| CCL Carnival Corp. | Reduce -84.4% | 0.08% | −0.56 |
| KOS Kosmos Energy Ltd. | Reduce -80.3% | 0.09% | −0.56 |
| FN Fabrinet | Reduce -84.4% | 0.09% | −0.53 |
| CIEN Ciena Corp. | Reduce -67.5% | 0.16% | −0.47 |
| GOOGL Alphabet Inc. Class A | Reduce -5.8% | 2.03% | −0.42 |
| ALG Alamo Group Inc. | Sold out | 0.00% | −0.42 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.42 |
| AXON Axon Enterprise Inc. | Reduce -71.8% | 0.15% | −0.41 |
| WRBY Warby Parker Inc. Class A | Reduce -59.2% | 0.20% | −0.40 |
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −0.39 |
| AMZN Amazon.com Inc. | Reduce -5.8% | 2.83% | −0.39 |
| COTY Coty Inc. Class A | Sold out | 0.00% | −0.38 |
| MSFT Microsoft Corp. | Reduce -5.9% | 2.98% | −0.33 |
| BRKR Bruker Corp. | Reduce -33.8% | 0.32% | −0.31 |
| AAON Aaon Inc. | Reduce -14.9% | 0.47% | −0.30 |
| SKX Skechers USA Inc. Class A | Reduce -72.9% | 0.10% | −0.29 |
| FTI Technipfmc PLC | Reduce -54.0% | 0.34% | −0.28 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -4.8% | 1.69% | −0.27 |
| HEES H&E Equipment Services Inc. | Sold out | 0.00% | −0.27 |
| ARES Ares Management Corp. Class A | Reduce -82.5% | 0.05% | −0.26 |
| TOL Toll Brothers Inc. | Reduce -68.4% | 0.10% | −0.25 |
| TFII Tfi International Inc. | Sold out | 0.00% | −0.24 |
| MXL Maxlinear Inc. | Sold out | 0.00% | −0.23 |
| OSK Oshkosh Corp. | Sold out | 0.00% | −0.22 |
| GEV GE Vernova Inc. | Reduce -67.5% | 0.10% | −0.22 |
| VST Vistra Corp. | Reduce -55.2% | 0.15% | −0.21 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.21 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.21 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.18 |
| HRI Herc Holdings Inc. | Reduce -30.0% | 0.20% | −0.18 |
| BLDR Builders Firstsource Inc. | Reduce -95.0% | 0.01% | −0.17 |
| XPO Xpo Inc. | Reduce -26.8% | 0.32% | −0.17 |
| OWL Blue Owl Capital Inc. | Reduce -74.6% | 0.05% | −0.17 |
Portfolio Buys Q4 2024 → Q1 2025
| MDLZ Mondelez International Inc. Class A | New | 1.90% | +1.90 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +281.6% | 2.29% | +1.81 |
| IWN iShares Russell 2000 Value E | Add +2207.2% | 1.86% | +1.78 |
| MSI Motorola Solutions Inc. | Add +541.2% | 1.45% | +1.23 |
| UTHR United Therapeutics Corp. | New | 1.01% | +1.01 |
| BDX Becton Dickinson and Co. | Add +91.2% | 1.88% | +0.97 |
| XYL Xylem Inc. | New | 0.90% | +0.90 |
| XOM Exxon Mobil Corp. | Add +5230.9% | 0.85% | +0.84 |
| LNT Alliant Energy Corp. | New | 0.82% | +0.82 |
| TW Tradeweb Markets Inc. Class A | New | 0.78% | +0.78 |
| SR Spire Inc. | New | 0.70% | +0.70 |
| THG Hanover Insurance Group Inc./ | New | 0.64% | +0.64 |
| RSG Republic Services Inc. | New | 0.64% | +0.64 |
| ORLY O'reilly Automotive Inc. | Add +7.0% | 2.14% | +0.60 |
| AZO AutoZone Inc. | Add +167.5% | 0.81% | +0.57 |
| META Meta Platforms Inc. Class A | Add +20.9% | 2.13% | +0.47 |
| RGA Reinsurance Group of America | Add +256.6% | 0.64% | +0.46 |
| BJ Bj's Wholesale Club Holdings | New | 0.46% | +0.46 |
| WEC WEC Energy Group Inc. | New | 0.43% | +0.43 |
| CHD Church & Dwight Co. Inc. | New | 0.42% | +0.42 |
| CMS CMS Energy Corp. | New | 0.42% | +0.42 |
| EVRG Evergy Inc. | New | 0.40% | +0.40 |
| AGNC AGNC Investment Corp. | Add +18.0% | 1.63% | +0.39 |
| AVGO Broadcom Inc. | Add +1023.8% | 0.42% | +0.37 |
| BECN Beacon Roofing Supply Inc. | Add +6.8% | 1.30% | +0.37 |
| ALL Allstate Corp. | Add +191.0% | 0.53% | +0.37 |
| KEX Kirby Corp. | Add +122.3% | 0.64% | +0.36 |
| BLD Topbuild Corp. | Add +32.3% | 1.18% | +0.33 |
| ITGR Integer Holdings Corp. | New | 0.33% | +0.33 |
| ROK Rockwell Automation Inc. | New | 0.32% | +0.32 |
| SIGI Selective Insurance Group | Add +36.2% | 1.03% | +0.31 |
| ONTO Onto Innovation Inc. | New | 0.31% | +0.31 |
| LECO Lincoln Electric Holdings | Add +51.2% | 0.77% | +0.30 |
| HII Huntington Ingalls Industrie | Add +57.0% | 0.61% | +0.28 |
| MAN Manpowergroup Inc. | Add +73.3% | 0.59% | +0.28 |
| EXE Expand Energy Corp. | Add +5.9% | 1.27% | +0.27 |
| COHR Coherent Corp. | New | 0.27% | +0.27 |
| TNET Trinet Group Inc. | New | 0.27% | +0.27 |
| GXO Gxo Logistics Inc. | Add +66.2% | 0.71% | +0.27 |
| FSS Federal Signal Corp. | New | 0.26% | +0.26 |
| AJG Arthur J Gallagher & Co. | Add +585.2% | 0.29% | +0.26 |
| MSCI MSCI Inc. | Add +66.0% | 0.61% | +0.25 |
| KMPR Kemper Corp. | Add +83.3% | 0.49% | +0.24 |
| IBP Installed Building Products | Add +28.6% | 0.91% | +0.24 |
| WAB Wabtec Corp. | New | 0.24% | +0.24 |
| FCFS Firstcash Holdings Inc. | Add +14.3% | 0.77% | +0.23 |
| ZTS Zoetis Inc. | Add +3.9% | 2.00% | +0.23 |
| EXP Eagle Materials Inc. | New | 0.23% | +0.23 |
| AR Antero Resources Corp. | Add +13.1% | 0.77% | +0.22 |
| FANG Diamondback Energy Inc. | New | 0.22% | +0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 208 | $11.3B | NVDA, LLY, GOOGL, TSM, AAPL |
| Q1 2026 | 222 | $10.0B | NVDA, GOOGL, LLY, IWN, LECO |
| Q4 2025 | 214 | $10.2B | GOOGL, NVDA, AMZN, LLY, MSFT |
| Q3 2025 | 198 | $11.0B | NVDA, MSFT, AMZN, GOOGL, TSM |
| Q2 2025 | 195 | $10.7B | MSFT, AMZN, NVDA, META, TSM |
| Q1 2025 | 207 | $10.0B | MSFT, AMZN, ICE, BRK.B, NVDA |
| Q4 2024 | 205 | $10.8B | NVDA, MSFT, AMZN, GOOGL, DIS |
| Q3 2024 | 205 | $11.2B | MPWR, MSFT, NVDA, AMZN, GOOGL |
| Q2 2024 | 201 | $10.8B | MSFT, MPWR, NVDA, GOOGL, AMZN |
| Q1 2024 | 203 | $11.4B | SAIA, MSFT, MPWR, NVDA, AMZN |