Vaughan Nelson Investment Management, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), Vaughan Nelson Investment Management, L.P. reported 198 stock positions worth $11.0 billion. Its top holding was Nvidia (NVDA) at 3.2% of the portfolio, followed by Microsoft (MSFT, 2.8%) and Amazon.com (AMZN, 2.7%). Compared with Q2 2025, it opened 27 new positions, sold out of 24, added to 57 and reduced 73. The biggest buy was a new position in Eli Lilly (LLY) and the biggest sale an exit from Zoetis (ZTS).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001021642
- Portfolio Value
- $11.0B (Q3 2025)
- SEC Filing
- 0001021642-25-000008 ↗ filed Oct 22, 2025
Holdings Value
Holdings 198 stocks · $11.0B
| NVDA Nvidia Corp. | 3.19% | 1,878,587 | $350.5M | Reduce -3.4% |
| MSFT Microsoft Corp. | 2.79% | 592,239 | $306.8M | Reduce -21.3% |
| AMZN Amazon.com Inc. | 2.72% | 1,363,595 | $299.4M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 2.57% | 1,162,121 | $282.5M | Reduce -3.3% |
| TSM Taiwan Semiconductor-SP ADR | 2.32% | 912,955 | $255.0M | Reduce -3.9% |
| MPWR Monolithic Power Systems Inc. | 2.28% | 272,529 | $250.9M | Add +0.2% |
| META Meta Platforms Inc. Class A | 2.17% | 324,302 | $238.2M | Reduce -9.0% |
| JPM JPMorgan Chase & Co. | 2.02% | 704,821 | $222.3M | Reduce -3.2% |
| URI United Rentals Inc. | 2.02% | 232,318 | $221.8M | Add +15.1% |
| IWN iShares Russell 2000 Value E | 1.85% | 1,151,075 | $203.5M | Reduce -10.8% |
| LLY Eli Lilly & Co. | 1.83% | 264,360 | $201.7M | New |
| WAL Western Alliance Bancorp | 1.73% | 2,194,630 | $190.3M | Add +11.3% |
| ZION Zions Bancorp NA | 1.67% | 3,244,014 | $183.5M | Add +14.4% |
| COF Capital One Financial Corp. | 1.65% | 851,967 | $181.1M | Add +14.8% |
| SPOT Spotify Technology SA | 1.60% | 251,622 | $175.6M | Reduce -7.8% |
| ORLY O'reilly Automotive Inc. | 1.53% | 1,563,977 | $168.6M | Reduce -9.2% |
| COHR Coherent Corp. | 1.49% | 1,522,466 | $164.0M | Reduce -16.5% |
| ETN Eaton Corp. PLC | 1.37% | 401,507 | $150.3M | Reduce -8.3% |
| CWK Cushman & Wakefield UK Holdc | 1.36% | 9,397,534 | $149.6M | Reduce -22.7% |
| ICE Intercontinental Exchange Inc. | 1.35% | 884,162 | $149.0M | Add +15.0% |
| CMA Comerica Inc. | 1.29% | 2,063,212 | $141.4M | Reduce -6.2% |
| XYL Xylem Inc. | 1.26% | 938,996 | $138.5M | Reduce -3.3% |
| MSI Motorola Solutions Inc. | 1.23% | 296,362 | $135.5M | Reduce -3.3% |
| SHW The Sherwin-Williams Co. | 1.07% | 339,120 | $117.4M | Reduce -28.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.03% | 226,049 | $113.6M | Reduce -44.5% |
| LECO Lincoln Electric Holdings | 1.02% | 475,414 | $112.1M | Reduce -5.8% |
| ESI Element Solutions Inc. | 1.01% | 4,426,445 | $111.4M | Add +3.0% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 1.00% | 943,722 | $110.1M | Add +34.7% |
| CADE Cadence Bank | 1.00% | 2,931,570 | $110.1M | Add +1.2% |
| CFR Cullen/Frost Bankers Inc. | 0.96% | 831,752 | $105.4M | Add +3.1% |
| HXL Hexcel Corp. | 0.95% | 1,661,690 | $104.2M | Add +92.8% |
| CIEN Ciena Corp. | 0.95% | 713,696 | $104.0M | Reduce -42.2% |
| NOW ServiceNow Inc. | 0.94% | 111,963 | $103.0M | Reduce -36.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.92% | 886,364 | $101.5M | Reduce -3.2% |
| APAM Artisan Partners Asset Ma -A | 0.91% | 2,295,286 | $99.6M | Reduce -6.8% |
| VMI Valmont Industries | 0.89% | 253,735 | $98.4M | Add +35.1% |
| BLD Topbuild Corp. | 0.89% | 249,368 | $97.5M | Reduce -31.8% |
| MDLZ Mondelez International Inc. Class A | 0.86% | 1,522,194 | $95.1M | Add +17.8% |
| HII Huntington Ingalls Industrie | 0.85% | 324,545 | $93.4M | Reduce -13.7% |
| FCFS Firstcash Holdings Inc. | 0.84% | 584,487 | $92.6M | Add +1.3% |
| AMRZ Amrize Ltd. | 0.84% | 1,899,164 | $92.2M | New |
| PB Prosperity Bancshares Inc. | 0.83% | 1,373,974 | $91.2M | Add +8.2% |
| TDG Transdigm Group Inc. | 0.81% | 67,432 | $88.9M | Add +9.0% |
| SIGI Selective Insurance Group | 0.80% | 1,089,467 | $88.3M | Reduce -5.3% |
| CLH Clean Harbors Inc. | 0.77% | 362,730 | $84.2M | Add +41.9% |
| THG Hanover Insurance Group Inc./ | 0.76% | 459,540 | $83.5M | Reduce -1.1% |
| AVGO Broadcom Inc. | 0.75% | 251,275 | $82.9M | Add +0.1% |
| VVV Valvoline Inc. | 0.75% | 2,286,418 | $82.1M | Reduce -6.8% |
| SR Spire Inc. | 0.74% | 1,003,262 | $81.8M | Add +3.0% |
| EXE Expand Energy Corp. | 0.74% | 769,195 | $81.7M | Reduce -4.2% |
| GATX Gatx Corp. | 0.72% | 455,010 | $79.5M | Add +4.7% |
| HUBB Hubbell Inc. | 0.72% | 183,377 | $78.9M | Add +13.1% |
| WCC Wesco International Inc. | 0.71% | 368,030 | $77.8M | Reduce -9.3% |
| VMC Vulcan Materials Co. | 0.71% | 252,192 | $77.6M | Add +14.5% |
| EXP Eagle Materials Inc. | 0.70% | 329,645 | $76.8M | Add +7.4% |
| PVH PVH Corp. | 0.68% | 887,405 | $74.3M | New |
| XOM Exxon Mobil Corp. | 0.66% | 640,000 | $72.2M | Reduce -4.2% |
| JBTM JBT Marel Corp. | 0.64% | 504,925 | $70.9M | Reduce -27.2% |
| BRKR Bruker Corp. | 0.62% | 2,090,155 | $67.9M | Add +61.6% |
| WRBY Warby Parker Inc. Class A | 0.61% | 2,421,950 | $66.8M | Add +9.3% |
| HWKN Hawkins Inc. | 0.59% | 357,932 | $65.4M | Reduce -24.4% |
| STAG Stag Industrial Inc. | 0.59% | 1,834,569 | $64.7M | Reduce -13.1% |
| NWN Northwest Natural Holding Co. | 0.57% | 1,403,975 | $63.1M | Add +14.9% |
| RUSHA Rush Enterprises Inc. Class A | 0.57% | 1,179,236 | $63.1M | Add +14.4% |
| COKE Coca-Cola Consolidated Inc. | 0.57% | 537,640 | $63.0M | Add +136.9% |
| RSG Republic Services Inc. | 0.57% | 271,342 | $62.3M | Add +158.9% |
| SANM Sanmina Corp. | 0.56% | 538,150 | $61.9M | New |
| BURL Burlington Stores Inc. | 0.56% | 243,004 | $61.8M | Reduce -12.2% |
| AR Antero Resources Corp. | 0.56% | 1,842,643 | $61.8M | Reduce -14.2% |
| MUR Murphy Oil Corp. | 0.55% | 2,119,622 | $60.2M | Add +60.0% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.49% | 583,416 | $54.4M | Add +48.8% |
| CMC Commercial Metals Co. | 0.49% | 949,610 | $54.4M | New |
| CCC CCC Intelligent Solutions Ho | 0.49% | 5,943,980 | $54.1M | Add +22.9% |
| EVRG Evergy Inc. | 0.48% | 700,184 | $53.2M | Add +23.5% |
| MOH Molina Healthcare Inc. | 0.48% | 275,990 | $52.8M | New |
| GIL Gildan Activewear Inc. | 0.47% | 900,760 | $52.1M | Reduce -30.9% |
| MLI Mueller Industries Inc. | 0.47% | 512,205 | $51.8M | New |
| MTDR Matador Resources Co. | 0.45% | 1,100,805 | $49.5M | Add +64.3% |
| OWL Blue Owl Capital Inc. | 0.45% | 2,915,985 | $49.4M | Add +85.0% |
| PR Permian Resources Corp. Class A | 0.44% | 3,788,871 | $48.5M | Add +62.6% |
| WEC WEC Energy Group Inc. | 0.44% | 419,574 | $48.1M | Add +13.5% |
| TNET Trinet Group Inc. | 0.44% | 715,840 | $47.9M | Add +10.4% |
| LNT Alliant Energy Corp. | 0.43% | 706,575 | $47.6M | Add +15.3% |
| CMS CMS Energy Corp. | 0.42% | 630,599 | $46.2M | Add +17.3% |
| BBWI Bath & Body Works Inc. | 0.39% | 1,673,625 | $43.1M | New |
| MAS Masco Corp. | 0.39% | 607,655 | $42.8M | New |
| CSW CSW Industrials Inc. | 0.38% | 172,040 | $41.8M | New |
| FND Floor & Decor Holdings Inc. Class A | 0.37% | 558,554 | $41.2M | Add +30.4% |
| HLIO Helios Technologies Inc. | 0.37% | 775,417 | $40.4M | Add +28.1% |
| MRVL Marvell Technology Inc. | 0.36% | 471,824 | $39.7M | Reduce -12.9% |
| AXON Axon Enterprise Inc. | 0.36% | 55,007 | $39.5M | Reduce -20.6% |
| NUE Nucor Corp. | 0.36% | 289,990 | $39.3M | New |
| RRR Red Rock Resorts Inc. Class A | 0.36% | 642,038 | $39.2M | Reduce -63.8% |
| TMHC Taylor Morrison Home Corp. | 0.35% | 578,540 | $38.2M | New |
| HOOD Robinhood Markets Inc. Class A | 0.34% | 264,130 | $37.8M | New |
| MTH Meritage Homes Corp. | 0.34% | 517,430 | $37.5M | New |
| ACA Arcosa Inc. | 0.34% | 395,205 | $37.0M | New |
| TOL Toll Brothers Inc. | 0.34% | 268,001 | $37.0M | Add +0.5% |
| SYF Synchrony Financial | 0.33% | 510,861 | $36.3M | Reduce -15.6% |
| GXO Gxo Logistics Inc. | 0.33% | 685,510 | $36.3M | Reduce -59.0% |
Portfolio Sells Q2 2025 → Q3 2025
| ZTS Zoetis Inc. | Sold out | 0.00% | −1.46 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -44.5% | 1.03% | −0.82 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.76 |
| NOW ServiceNow Inc. | Reduce -36.1% | 0.94% | −0.75 |
| IBP Installed Building Products | Reduce -79.8% | 0.27% | −0.73 |
| MSFT Microsoft Corp. | Reduce -21.3% | 2.79% | −0.72 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.71 |
| SLGN Silgan Holdings Inc. | Sold out | 0.00% | −0.57 |
| TW Tradeweb Markets Inc. Class A | Reduce -91.5% | 0.04% | −0.54 |
| RRR Red Rock Resorts Inc. Class A | Reduce -63.8% | 0.36% | −0.51 |
| NNN NNN REIT Inc. | Sold out | 0.00% | −0.49 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.48 |
| FSS Federal Signal Corp. | Sold out | 0.00% | −0.47 |
| SHW The Sherwin-Williams Co. | Reduce -28.0% | 1.07% | −0.45 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −0.44 |
| GXO Gxo Logistics Inc. | Reduce -59.0% | 0.33% | −0.43 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.42 |
| TYL Tyler Technologies Inc. | Reduce -88.8% | 0.04% | −0.40 |
| WAB Wabtec Corp. | Reduce -90.2% | 0.04% | −0.40 |
| SPOT Spotify Technology SA | Reduce -7.8% | 1.60% | −0.37 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.34 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −0.32 |
| EGP Eastgroup Properties Inc. | Sold out | 0.00% | −0.32 |
| ADMA Adma Biologics Inc. | Sold out | 0.00% | −0.31 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.30 |
| META Meta Platforms Inc. Class A | Reduce -9.0% | 2.17% | −0.30 |
| VST Vistra Corp. | Reduce -76.0% | 0.09% | −0.29 |
| AR Antero Resources Corp. | Reduce -14.2% | 0.56% | −0.25 |
| BLD Topbuild Corp. | Reduce -31.8% | 0.89% | −0.22 |
| GEV GE Vernova Inc. | Reduce -58.9% | 0.19% | −0.22 |
| WTS Watts Water Technologies-A | Reduce -48.1% | 0.27% | −0.20 |
| FN Fabrinet | Reduce -59.4% | 0.18% | −0.19 |
| VRT Vertiv Holdings Co. Class A | Reduce -61.5% | 0.15% | −0.19 |
| RRC Range Resources Corp. | Reduce -87.9% | 0.02% | −0.18 |
| EXR Extra Space Storage Inc. | Reduce -99.5% | 0.00% | −0.18 |
| AXON Axon Enterprise Inc. | Reduce -20.6% | 0.36% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -3.1% | 2.72% | −0.17 |
| DIS The Walt Disney Co. | Reduce -3.2% | 0.92% | −0.14 |
| AZO AutoZone Inc. | Reduce -42.3% | 0.26% | −0.14 |
| EXE Expand Energy Corp. | Reduce -4.2% | 0.74% | −0.14 |
| PFGC Performance Food Group Co. | Reduce -40.3% | 0.30% | −0.14 |
| JBTM JBT Marel Corp. | Reduce -27.2% | 0.64% | −0.14 |
| SIGI Selective Insurance Group | Reduce -5.3% | 0.80% | −0.13 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −0.13 |
| STAG Stag Industrial Inc. | Reduce -13.1% | 0.59% | −0.13 |
| GIL Gildan Activewear Inc. | Reduce -30.9% | 0.47% | −0.13 |
| VVV Valvoline Inc. | Reduce -6.8% | 0.75% | −0.12 |
| APAM Artisan Partners Asset Ma -A | Reduce -6.8% | 0.91% | −0.12 |
| ETN Eaton Corp. PLC | Reduce -8.3% | 1.37% | −0.10 |
| CDW CDW Corp. | Sold out | 0.00% | −0.10 |
Portfolio Buys Q2 2025 → Q3 2025
| LLY Eli Lilly & Co. | New | 1.83% | +1.83 |
| AMRZ Amrize Ltd. | New | 0.84% | +0.84 |
| PVH PVH Corp. | New | 0.68% | +0.68 |
| URI United Rentals Inc. | Add +15.1% | 2.02% | +0.59 |
| SANM Sanmina Corp. | New | 0.56% | +0.56 |
| CMC Commercial Metals Co. | New | 0.49% | +0.49 |
| HXL Hexcel Corp. | Add +92.8% | 0.95% | +0.49 |
| MOH Molina Healthcare Inc. | New | 0.48% | +0.48 |
| MLI Mueller Industries Inc. | New | 0.47% | +0.47 |
| MPWR Monolithic Power Systems Inc. | Add +0.2% | 2.28% | +0.42 |
| BBWI Bath & Body Works Inc. | New | 0.39% | +0.39 |
| MAS Masco Corp. | New | 0.39% | +0.39 |
| CSW CSW Industrials Inc. | New | 0.38% | +0.38 |
| NUE Nucor Corp. | New | 0.36% | +0.36 |
| TMHC Taylor Morrison Home Corp. | New | 0.35% | +0.35 |
| HOOD Robinhood Markets Inc. Class A | New | 0.34% | +0.34 |
| MTH Meritage Homes Corp. | New | 0.34% | +0.34 |
| ACA Arcosa Inc. | New | 0.34% | +0.34 |
| COKE Coca-Cola Consolidated Inc. | Add +136.9% | 0.57% | +0.34 |
| RSG Republic Services Inc. | Add +158.9% | 0.57% | +0.32 |
| VMI Valmont Industries | Add +35.1% | 0.89% | +0.32 |
| WAL Western Alliance Bancorp | Add +11.3% | 1.73% | +0.29 |
| ZION Zions Bancorp NA | Add +14.4% | 1.67% | +0.29 |
| MUR Murphy Oil Corp. | Add +60.0% | 0.55% | +0.27 |
| SN Sharkninja Inc. | New | 0.22% | +0.22 |
| CLH Clean Harbors Inc. | Add +41.9% | 0.77% | +0.21 |
| NE Noble Corp. PLC | New | 0.20% | +0.20 |
| FAF First American Financial | New | 0.19% | +0.19 |
| HLIO Helios Technologies Inc. | Add +28.1% | 0.37% | +0.18 |
| LUMN Lumen Technologies Inc. | New | 0.17% | +0.17 |
| VMC Vulcan Materials Co. | Add +14.5% | 0.71% | +0.17 |
| COF Capital One Financial Corp. | Add +14.8% | 1.65% | +0.17 |
| OWL Blue Owl Capital Inc. | Add +85.0% | 0.45% | +0.17 |
| TLN Talen Energy Corp. | New | 0.16% | +0.16 |
| TREX Trex Company Inc. | Add +127.0% | 0.30% | +0.15 |
| NXT Nextpower Inc. | New | 0.15% | +0.15 |
| WRBY Warby Parker Inc. Class A | Add +9.3% | 0.61% | +0.15 |
| MTDR Matador Resources Co. | Add +64.3% | 0.45% | +0.15 |
| PR Permian Resources Corp. Class A | Add +62.6% | 0.44% | +0.14 |
| HRI Herc Holdings Inc. | Add +34.7% | 1.00% | +0.14 |
| CADE Cadence Bank | Add +1.2% | 1.00% | +0.13 |
| NWN Northwest Natural Holding Co. | Add +14.9% | 0.57% | +0.12 |
| BRKR Bruker Corp. | Add +61.6% | 0.62% | +0.12 |
| EVRG Evergy Inc. | Add +23.5% | 0.48% | +0.12 |
| EXP Eagle Materials Inc. | Add +7.4% | 0.70% | +0.12 |
| FCFS Firstcash Holdings Inc. | Add +1.3% | 0.84% | +0.11 |
| AVGO Broadcom Inc. | Add +0.1% | 0.75% | +0.11 |
| BLDR Builders Firstsource Inc. | Add +1054.7% | 0.11% | +0.10 |
| ESI Element Solutions Inc. | Add +3.0% | 1.01% | +0.10 |
| BJ Bj's Wholesale Club Holdings | Add +48.8% | 0.49% | +0.10 |
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 |