Westchester Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Westchester Capital Management, Inc. reported 39 stock positions worth $402.2 million. Its top holding was Apple (AAPL) at 8.7% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.6%) and Microsoft (MSFT, 6.8%). Compared with Q4 2024, it sold out of 2, added to 18 and reduced 14. The biggest buy was Medtronic (MDT, shares +15%) and the biggest sale Walt Disney (DIS, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001390063
- Portfolio Value
- $402.2M (Q1 2025)
- SEC Filing
- 0001104659-25-046340 ↗ filed May 9, 2025
Holdings Value
Holdings 39 stocks · $402.2M
| AAPL Apple Inc. | 8.71% | 157,745 | $35.0M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.64% | 57,666 | $30.7M | Reduce -0.9% |
| MSFT Microsoft Corp. | 6.76% | 72,473 | $27.2M | Add +0.7% |
| WMT Walmart Inc. | 5.77% | 264,199 | $23.2M | Add +2.5% |
| ABBV Abbvie Inc. | 5.41% | 103,780 | $21.7M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 5.37% | 88,094 | $21.6M | Add +2.1% |
| CAT Caterpillar Inc. | 5.20% | 63,435 | $20.9M | Add +0.7% |
| WM Waste Management Inc. | 5.13% | 89,164 | $20.6M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 4.28% | 111,361 | $17.2M | Add +1.1% |
| MCD McDonald's Corp. | 4.04% | 52,017 | $16.2M | Add +1.3% |
| CSCO Cisco Systems Inc. | 3.94% | 256,989 | $15.9M | Reduce -0.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 3.82% | 183,140 | $15.4M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 3.61% | 122,123 | $14.5M | Add +0.5% |
| LMT Lockheed Martin Corp. | 3.56% | 32,019 | $14.3M | Add +3.2% |
| HD Home Depot Inc. | 3.49% | 38,320 | $14.0M | Add +7.5% |
| VLO Valero Energy Corp. | 2.83% | 86,149 | $11.4M | Reduce -0.1% |
| BDX Becton Dickinson and Co. | 2.71% | 47,619 | $10.9M | Reduce -0.2% |
| JNJ Johnson & Johnson | 2.56% | 62,146 | $10.3M | Reduce -0.1% |
| MCHP Microchip Technology Inc. | 2.29% | 190,548 | $9.2M | Add +0.2% |
| MDT Medtronic PLC | 2.20% | 98,454 | $8.8M | Add +15.2% |
| AMZN Amazon.com Inc. | 1.89% | 39,865 | $7.6M | Add +5.3% |
| PFE Pfizer Inc. | 1.72% | 273,430 | $6.9M | Add +0.1% |
| CVS CVS Health Corp. | 1.69% | 100,150 | $6.8M | Reduce -16.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.19% | 48,482 | $4.8M | Reduce -0.6% |
| INTC Intel Corp. | 1.13% | 200,186 | $4.5M | Reduce -1.0% |
| T AT&T Inc. | 0.91% | 129,040 | $3.6M | Reduce -1.1% |
| PEP Pepsico Inc. | 0.43% | 11,622 | $1.7M | No change |
| BA The Boeing Co. | 0.43% | 10,064 | $1.7M | Add +0.7% |
| CAG Conagra Brands Inc. | 0.39% | 58,439 | $1.6M | Reduce -1.6% |
| NVDA Nvidia Corp. | 0.30% | 11,235 | $1.2M | No change |
| LOW Lowe's Cos Inc. | 0.25% | 4,241 | $989K | Add +2.7% |
| VZ Verizon Communications Inc. | 0.08% | 6,936 | $315K | Add +3.3% |
| VOO Vanguard S&P 500 ETF | 0.08% | 608 | $312K | Reduce -12.4% |
| AXP American Express Co. | 0.04% | 660 | $178K | No change |
| CVX Chevron Corp. | 0.04% | 932 | $156K | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.03% | 1,715 | $135K | No change |
| VGSH Vanguard Short-Term Treasury | 0.03% | 2,295 | $135K | No change |
| KO The Coca-Cola Co. | 0.03% | 1,449 | $104K | Add +7.7% |
| GOOG Alphabet Inc. Class C | 0.02% | 540 | $84K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| DIS The Walt Disney Co. | Reduce -0.6% | 1.19% | −0.18 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.09 |
| CAG Conagra Brands Inc. | Reduce -1.6% | 0.39% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -12.4% | 0.08% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -0.2% | 2.71% | −0.01 |
| C Citigroup Inc. | Sold out | 0.00% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -0.2% | 3.94% | +0.11 |
| INTC Intel Corp. | Reduce -1.0% | 1.13% | +0.11 |
| T AT&T Inc. | Reduce -1.1% | 0.91% | +0.16 |
| VLO Valero Energy Corp. | Reduce -0.1% | 2.83% | +0.17 |
| BNY Bank of New York Mellon Corp. | Reduce -0.4% | 3.82% | +0.26 |
| JNJ Johnson & Johnson | Reduce -0.1% | 2.56% | +0.30 |
| CVS CVS Health Corp. | Reduce -16.1% | 1.69% | +0.34 |
| WM Waste Management Inc. | Reduce -0.3% | 5.13% | +0.60 |
| ABBV Abbvie Inc. | Reduce -0.3% | 5.41% | +0.75 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 7.64% | +1.00 |
Portfolio Buys Q4 2024 → Q1 2025
| MDT Medtronic PLC | Add +15.2% | 2.20% | +0.48 |
| XOM Exxon Mobil Corp. | Add +0.5% | 3.61% | +0.32 |
| MCD McDonald's Corp. | Add +1.3% | 4.04% | +0.29 |
| JPM JPMorgan Chase & Co. | Add +2.1% | 5.37% | +0.17 |
| VZ Verizon Communications Inc. | Add +3.3% | 0.08% | +0.01 |
| KO The Coca-Cola Co. | Add +7.7% | 0.03% | +0.00 |
| HD Home Depot Inc. | Add +7.5% | 3.49% | +0.00 |
| LOW Lowe's Cos Inc. | Add +2.7% | 0.25% | −0.01 |
| BA The Boeing Co. | Add +0.7% | 0.43% | −0.02 |
| WMT Walmart Inc. | Add +2.5% | 5.77% | −0.09 |
| PFE Pfizer Inc. | Add +0.1% | 1.72% | −0.10 |
| AMZN Amazon.com Inc. | Add +5.3% | 1.89% | −0.20 |
| LMT Lockheed Martin Corp. | Add +3.2% | 3.56% | −0.23 |
| MCHP Microchip Technology Inc. | Add +0.2% | 2.29% | −0.45 |
| CAT Caterpillar Inc. | Add +0.7% | 5.20% | −0.54 |
| MSFT Microsoft Corp. | Add +0.7% | 6.76% | −0.86 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 4.28% | −0.96 |
| AAPL Apple Inc. | Add +0.3% | 8.71% | −1.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 46 | $555.4M | CAT, AAPL, GOOGL, BRK.B, CSCO |
| Q1 2026 | 45 | $496.5M | CAT, AAPL, WMT, GOOGL, BRK.B |
| Q4 2025 | 43 | $483.7M | AAPL, MSFT, CAT, GOOGL, BRK.B |
| Q3 2025 | 43 | $465.2M | AAPL, MSFT, CAT, BRK.B, WMT |
| Q2 2025 | 39 | $425.0M | MSFT, AAPL, BRK.B, WMT, JPM |
| Q1 2025 | 39 | $402.2M | AAPL, BRK.B, MSFT, WMT, ABBV |
| Q4 2024 | 41 | $397.6M | AAPL, MSFT, BRK.B, WMT, CAT |
| Q3 2024 | 41 | $411.7M | AAPL, MSFT, BRK.B, CAT, WMT |
| Q2 2024 | 41 | $396.1M | AAPL, MSFT, BRK.B, CAT, GOOGL |
| Q1 2024 | 41 | $398.4M | MSFT, AAPL, BRK.B, CAT, WM |