Vaughan Nelson Investment Management, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 21, 2025), Vaughan Nelson Investment Management, L.P. reported 195 stock positions worth $10.7 billion. Its top holding was Microsoft (MSFT) at 3.5% of the portfolio, followed by Amazon.com (AMZN, 2.9%) and Nvidia (NVDA, 2.9%). Compared with Q1 2025, it opened 23 new positions, sold out of 35, added to 64 and reduced 65. The biggest buy was a new position in Spotify Technology (SPOT) and the biggest sale an exit from Becton Dickinson and (BDX).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001021642
- Portfolio Value
- $10.7B (Q2 2025)
- SEC Filing
- 0001021642-25-000004 ↗ filed Jul 21, 2025
Holdings Value
Holdings 195 stocks · $10.7B
| MSFT Microsoft Corp. | 3.51% | 752,147 | $374.1M | Reduce -5.3% |
| AMZN Amazon.com Inc. | 2.89% | 1,406,948 | $308.7M | Reduce -5.3% |
| NVDA Nvidia Corp. | 2.88% | 1,944,828 | $307.3M | Reduce -3.9% |
| META Meta Platforms Inc. Class A | 2.46% | 356,326 | $263.0M | Reduce -3.8% |
| TSM Taiwan Semiconductor-SP ADR | 2.02% | 949,635 | $215.1M | Reduce -6.8% |
| GOOGL Alphabet Inc. Class A | 1.98% | 1,201,855 | $211.8M | Reduce -8.6% |
| JPM JPMorgan Chase & Co. | 1.98% | 728,362 | $211.2M | Reduce -5.1% |
| SPOT Spotify Technology SA | 1.96% | 273,010 | $209.5M | New |
| IWN iShares Russell 2000 Value E | 1.91% | 1,290,410 | $203.6M | Add +4.5% |
| MPWR Monolithic Power Systems Inc. | 1.86% | 272,047 | $199.0M | Add +6.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.85% | 406,933 | $197.7M | Reduce -5.4% |
| NOW ServiceNow Inc. | 1.69% | 175,232 | $180.2M | Add +14.1% |
| COHR Coherent Corp. | 1.52% | 1,822,636 | $162.6M | Add +333.4% |
| SHW The Sherwin-Williams Co. | 1.51% | 470,948 | $161.7M | Add +83.1% |
| COF Capital One Financial Corp. | 1.48% | 742,471 | $158.0M | New |
| ETN Eaton Corp. PLC | 1.46% | 437,594 | $156.2M | New |
| ZTS Zoetis Inc. | 1.46% | 999,038 | $155.8M | Reduce -17.8% |
| ORLY O'reilly Automotive Inc. | 1.45% | 1,722,403 | $155.2M | Reduce -23.1% |
| WAL Western Alliance Bancorp | 1.44% | 1,971,205 | $153.7M | Add +3.3% |
| URI United Rentals Inc. | 1.42% | 201,843 | $152.1M | New |
| ZION Zions Bancorp NA | 1.38% | 2,834,949 | $147.2M | Add +9.3% |
| ICE Intercontinental Exchange Inc. | 1.32% | 769,070 | $141.1M | Reduce -43.8% |
| CWK Cushman & Wakefield UK Holdc | 1.26% | 12,156,514 | $134.6M | Add +46.2% |
| CMA Comerica Inc. | 1.23% | 2,200,132 | $131.2M | Reduce -10.3% |
| MSI Motorola Solutions Inc. | 1.21% | 306,373 | $128.8M | Reduce -7.7% |
| XYL Xylem Inc. | 1.18% | 971,009 | $125.6M | Add +29.1% |
| BLD Topbuild Corp. | 1.11% | 365,548 | $118.3M | Reduce -5.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.06% | 915,274 | $113.5M | Reduce -42.6% |
| APAM Artisan Partners Asset Ma -A | 1.02% | 2,464,096 | $109.2M | Add +25.0% |
| IBP Installed Building Products | 1.00% | 593,496 | $107.0M | Add +11.9% |
| LECO Lincoln Electric Holdings | 0.98% | 504,479 | $104.6M | Add +24.4% |
| CFR Cullen/Frost Bankers Inc. | 0.97% | 806,752 | $103.7M | Add +13.4% |
| CIEN Ciena Corp. | 0.94% | 1,235,696 | $100.5M | Add +375.4% |
| SIGI Selective Insurance Group | 0.93% | 1,150,662 | $99.7M | Add +2.0% |
| ESI Element Solutions Inc. | 0.91% | 4,296,855 | $97.3M | Reduce -9.8% |
| TDG Transdigm Group Inc. | 0.88% | 61,872 | $94.1M | New |
| EXE Expand Energy Corp. | 0.88% | 803,009 | $93.9M | Reduce -29.6% |
| VVV Valvoline Inc. | 0.87% | 2,452,908 | $92.9M | Add +19.9% |
| CADE Cadence Bank | 0.87% | 2,896,820 | $92.6M | Add +19.9% |
| RRR Red Rock Resorts Inc. Class A | 0.86% | 1,773,603 | $92.3M | Add +10.7% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.86% | 700,402 | $92.2M | Add +362.8% |
| HII Huntington Ingalls Industrie | 0.85% | 375,950 | $90.8M | Add +25.0% |
| PB Prosperity Bancshares Inc. | 0.84% | 1,269,634 | $89.2M | Add +14.1% |
| MDLZ Mondelez International Inc. Class A | 0.82% | 1,291,866 | $87.1M | Reduce -53.9% |
| AR Antero Resources Corp. | 0.81% | 2,147,218 | $86.5M | Add +12.1% |
| JBTM JBT Marel Corp. | 0.78% | 693,475 | $83.4M | Add +21.2% |
| GXO Gxo Logistics Inc. | 0.76% | 1,672,860 | $81.5M | Reduce -8.1% |
| KEX Kirby Corp. | 0.76% | 714,127 | $81.0M | Add +12.7% |
| THG Hanover Insurance Group Inc./ | 0.74% | 464,660 | $78.9M | Add +25.6% |
| FCFS Firstcash Holdings Inc. | 0.73% | 576,751 | $77.9M | Reduce -10.0% |
| STAG Stag Industrial Inc. | 0.72% | 2,110,374 | $76.6M | Add +2.5% |
| CLS Celestica Inc. | 0.71% | 484,860 | $75.7M | New |
| WCC Wesco International Inc. | 0.70% | 405,700 | $75.1M | New |
| XOM Exxon Mobil Corp. | 0.67% | 667,893 | $72.0M | Reduce -6.7% |
| SR Spire Inc. | 0.67% | 974,127 | $71.1M | Add +9.1% |
| AVGO Broadcom Inc. | 0.65% | 251,150 | $69.2M | Reduce -0.5% |
| HWKN Hawkins Inc. | 0.63% | 473,752 | $67.3M | Add +35.1% |
| GATX Gatx Corp. | 0.63% | 434,415 | $66.7M | Add +52.7% |
| HUBB Hubbell Inc. | 0.62% | 162,207 | $66.2M | Add +130.3% |
| BURL Burlington Stores Inc. | 0.60% | 276,609 | $64.4M | New |
| GIL Gildan Activewear Inc. | 0.60% | 1,303,490 | $64.2M | Add +14.4% |
| EXP Eagle Materials Inc. | 0.58% | 306,990 | $62.0M | Add +198.3% |
| TW Tradeweb Markets Inc. Class A | 0.58% | 422,871 | $61.9M | Reduce -19.8% |
| VMI Valmont Industries | 0.57% | 187,765 | $61.3M | Add +42.9% |
| SLGN Silgan Holdings Inc. | 0.57% | 1,131,470 | $61.3M | New |
| CLH Clean Harbors Inc. | 0.55% | 255,580 | $59.1M | New |
| VMC Vulcan Materials Co. | 0.54% | 220,217 | $57.4M | Reduce -2.6% |
| AXON Axon Enterprise Inc. | 0.54% | 69,242 | $57.3M | Add +143.1% |
| BRKR Bruker Corp. | 0.50% | 1,293,645 | $53.3M | Add +71.2% |
| RUSHA Rush Enterprises Inc. Class A | 0.50% | 1,030,873 | $53.1M | Reduce -20.8% |
| NNN NNN REIT Inc. | 0.49% | 1,202,036 | $51.9M | Reduce -24.1% |
| RGA Reinsurance Group of America | 0.48% | 257,221 | $51.0M | Reduce -21.2% |
| WTS Watts Water Technologies-A | 0.47% | 204,970 | $50.4M | New |
| FSS Federal Signal Corp. | 0.47% | 469,240 | $49.9M | Add +32.0% |
| HXL Hexcel Corp. | 0.46% | 861,995 | $48.7M | New |
| WRBY Warby Parker Inc. Class A | 0.46% | 2,216,320 | $48.6M | Add +105.5% |
| NWN Northwest Natural Holding Co. | 0.45% | 1,222,340 | $48.6M | New |
| TNET Trinet Group Inc. | 0.44% | 648,630 | $47.4M | Add +90.1% |
| EMBJ Embraer SA-Spon ADR | 0.44% | 832,416 | $47.4M | Add +15.4% |
| TYL Tyler Technologies Inc. | 0.44% | 79,178 | $46.9M | Add +25.6% |
| PFGC Performance Food Group Co. | 0.44% | 536,626 | $46.9M | Add +2.4% |
| WAB Wabtec Corp. | 0.44% | 221,911 | $46.5M | Add +70.0% |
| CCC CCC Intelligent Solutions Ho | 0.43% | 4,834,565 | $45.5M | New |
| BWXT BWX Technologies Inc. | 0.42% | 312,325 | $45.0M | Reduce -43.8% |
| GEV GE Vernova Inc. | 0.40% | 81,139 | $42.9M | Add +138.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.40% | 392,216 | $42.3M | Reduce -2.8% |
| AZO AutoZone Inc. | 0.39% | 11,326 | $42.0M | Reduce -46.6% |
| MRVL Marvell Technology Inc. | 0.39% | 541,449 | $41.9M | Reduce -21.5% |
| VST Vistra Corp. | 0.39% | 212,411 | $41.2M | Add +67.6% |
| SYF Synchrony Financial | 0.38% | 605,071 | $40.4M | New |
| FN Fabrinet | 0.37% | 133,084 | $39.2M | Add +178.9% |
| EVRG Evergy Inc. | 0.37% | 567,034 | $39.1M | Reduce -3.0% |
| WEC WEC Energy Group Inc. | 0.36% | 369,669 | $38.5M | Reduce -5.3% |
| CMS CMS Energy Corp. | 0.35% | 537,619 | $37.2M | Reduce -3.0% |
| LNT Alliant Energy Corp. | 0.35% | 612,640 | $37.0M | Reduce -52.2% |
| CACI Caci International Inc. Class A | 0.34% | 76,977 | $36.7M | Reduce -14.5% |
| VRT Vertiv Holdings Co. Class A | 0.33% | 277,058 | $35.6M | Add +146.4% |
| NDAQ Nasdaq Inc. | 0.33% | 395,634 | $35.4M | Reduce -2.1% |
| GMED Globus Medical Inc. Class A | 0.32% | 582,562 | $34.4M | Reduce -20.3% |
| EGP Eastgroup Properties Inc. | 0.32% | 202,517 | $33.8M | Reduce -60.0% |
Portfolio Sells Q1 2025 → Q2 2025
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −1.88 |
| AGNC AGNC Investment Corp. | Sold out | 0.00% | −1.63 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −1.30 |
| SAIA Saia Inc. | Sold out | 0.00% | −1.18 |
| MDLZ Mondelez International Inc. Class A | Reduce -53.9% | 0.82% | −1.08 |
| FAF First American Financial | Sold out | 0.00% | −1.07 |
| ICE Intercontinental Exchange Inc. | Reduce -43.8% | 1.32% | −1.04 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −1.01 |
| HQY Healthequity Inc. | Sold out | 0.00% | −0.74 |
| ORLY O'reilly Automotive Inc. | Reduce -23.1% | 1.45% | −0.69 |
| MFA Mfa Financial Inc. | Sold out | 0.00% | −0.62 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.61 |
| MAN Manpowergroup Inc. | Sold out | 0.00% | −0.59 |
| EGP Eastgroup Properties Inc. | Reduce -60.0% | 0.32% | −0.58 |
| MTRN Materion Corp. | Sold out | 0.00% | −0.55 |
| ZTS Zoetis Inc. | Reduce -17.8% | 1.46% | −0.54 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.53 |
| RXO Rxo Inc. | Sold out | 0.00% | −0.52 |
| DIS The Walt Disney Co. | Reduce -42.6% | 1.06% | −0.51 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.49 |
| KMPR Kemper Corp. | Sold out | 0.00% | −0.49 |
| LNT Alliant Energy Corp. | Reduce -52.2% | 0.35% | −0.48 |
| AAON Aaon Inc. | Sold out | 0.00% | −0.47 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.4% | 1.85% | −0.44 |
| SKY Champion Homes Inc. | Reduce -94.5% | 0.02% | −0.43 |
| CHD Church & Dwight Co. Inc. | Sold out | 0.00% | −0.42 |
| AZO AutoZone Inc. | Reduce -46.6% | 0.39% | −0.41 |
| POR Portland General Electric Co. | Sold out | 0.00% | −0.40 |
| RSG Republic Services Inc. | Reduce -60.3% | 0.24% | −0.40 |
| EXE Expand Energy Corp. | Reduce -29.6% | 0.88% | −0.39 |
| ITGR Integer Holdings Corp. | Sold out | 0.00% | −0.33 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.31 |
| RMBS Rambus Inc. | Sold out | 0.00% | −0.29 |
| NSIT Insight Enterprises Inc. | Sold out | 0.00% | −0.29 |
| AJG Arthur J Gallagher & Co. | Reduce -85.4% | 0.04% | −0.26 |
| RRC Range Resources Corp. | Reduce -53.4% | 0.20% | −0.26 |
| MSI Motorola Solutions Inc. | Reduce -7.7% | 1.21% | −0.25 |
| COKE Coca-Cola Consolidated Inc. | Reduce -35.2% | 0.24% | −0.24 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.22 |
| CMA Comerica Inc. | Reduce -10.3% | 1.23% | −0.22 |
| GMED Globus Medical Inc. Class A | Reduce -20.3% | 0.32% | −0.21 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.21 |
| TW Tradeweb Markets Inc. Class A | Reduce -19.8% | 0.58% | −0.20 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -20.8% | 0.50% | −0.20 |
| NNN NNN REIT Inc. | Reduce -24.1% | 0.49% | −0.19 |
| CDW CDW Corp. | Reduce -66.7% | 0.10% | −0.18 |
| XOM Exxon Mobil Corp. | Reduce -6.7% | 0.67% | −0.18 |
| CMCO Columbus McKinnon Corp. | Sold out | 0.00% | −0.17 |
| ESI Element Solutions Inc. | Reduce -9.8% | 0.91% | −0.17 |
| RGA Reinsurance Group of America | Reduce -21.2% | 0.48% | −0.16 |
Portfolio Buys Q1 2025 → Q2 2025
| SPOT Spotify Technology SA | New | 1.96% | +1.96 |
| COF Capital One Financial Corp. | New | 1.48% | +1.48 |
| ETN Eaton Corp. PLC | New | 1.46% | +1.46 |
| URI United Rentals Inc. | New | 1.42% | +1.42 |
| COHR Coherent Corp. | Add +333.4% | 1.52% | +1.25 |
| TDG Transdigm Group Inc. | New | 0.88% | +0.88 |
| CIEN Ciena Corp. | Add +375.4% | 0.94% | +0.78 |
| CLS Celestica Inc. | New | 0.71% | +0.71 |
| WCC Wesco International Inc. | New | 0.70% | +0.70 |
| HRI Herc Holdings Inc. | Add +362.8% | 0.86% | +0.66 |
| SHW The Sherwin-Williams Co. | Add +83.1% | 1.51% | +0.62 |
| BURL Burlington Stores Inc. | New | 0.60% | +0.60 |
| SLGN Silgan Holdings Inc. | New | 0.57% | +0.57 |
| CLH Clean Harbors Inc. | New | 0.55% | +0.55 |
| WTS Watts Water Technologies-A | New | 0.47% | +0.47 |
| NOW ServiceNow Inc. | Add +14.1% | 1.69% | +0.47 |
| HXL Hexcel Corp. | New | 0.46% | +0.46 |
| NWN Northwest Natural Holding Co. | New | 0.45% | +0.45 |
| CCC CCC Intelligent Solutions Ho | New | 0.43% | +0.43 |
| CWK Cushman & Wakefield UK Holdc | Add +46.2% | 1.26% | +0.41 |
| HUBB Hubbell Inc. | Add +130.3% | 0.62% | +0.39 |
| AXON Axon Enterprise Inc. | Add +143.1% | 0.54% | +0.39 |
| MPWR Monolithic Power Systems Inc. | Add +6.3% | 1.86% | +0.38 |
| SYF Synchrony Financial | New | 0.38% | +0.38 |
| EXP Eagle Materials Inc. | Add +198.3% | 0.58% | +0.35 |
| ADMA Adma Biologics Inc. | New | 0.31% | +0.31 |
| FND Floor & Decor Holdings Inc. Class A | New | 0.30% | +0.30 |
| GEV GE Vernova Inc. | Add +138.6% | 0.40% | +0.30 |
| XYL Xylem Inc. | Add +29.1% | 1.18% | +0.28 |
| FN Fabrinet | Add +178.9% | 0.37% | +0.27 |
| HWKN Hawkins Inc. | Add +35.1% | 0.63% | +0.26 |
| WRBY Warby Parker Inc. Class A | Add +105.5% | 0.46% | +0.26 |
| APAM Artisan Partners Asset Ma -A | Add +25.0% | 1.02% | +0.25 |
| VRT Vertiv Holdings Co. Class A | Add +146.4% | 0.33% | +0.25 |
| HII Huntington Ingalls Industrie | Add +25.0% | 0.85% | +0.24 |
| VST Vistra Corp. | Add +67.6% | 0.39% | +0.24 |
| OWL Blue Owl Capital Inc. | Add +513.1% | 0.28% | +0.23 |
| GE General Electric | New | 0.21% | +0.21 |
| LECO Lincoln Electric Holdings | Add +24.4% | 0.98% | +0.21 |
| FSS Federal Signal Corp. | Add +32.0% | 0.47% | +0.21 |
| VMI Valmont Industries | Add +42.9% | 0.57% | +0.20 |
| WAB Wabtec Corp. | Add +70.0% | 0.44% | +0.20 |
| TOL Toll Brothers Inc. | Add +188.3% | 0.29% | +0.19 |
| BRKR Bruker Corp. | Add +71.2% | 0.50% | +0.18 |
| GATX Gatx Corp. | Add +52.7% | 0.63% | +0.18 |
| TNET Trinet Group Inc. | Add +90.1% | 0.44% | +0.17 |
| RRR Red Rock Resorts Inc. Class A | Add +10.7% | 0.86% | +0.17 |
| PH Parker Hannifin Corp. | Add +118.9% | 0.29% | +0.17 |
| VVV Valvoline Inc. | Add +19.9% | 0.87% | +0.16 |
| DHI D.R. Horton Inc. | Add +148.1% | 0.25% | +0.14 |
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 |