Westchester Capital Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), Westchester Capital Management, Inc. reported 39 stock positions worth $425.0 million. Its top holding was Microsoft (MSFT) at 8.5% of the portfolio, followed by Apple (AAPL, 7.6%) and Berkshire Hathaway Class B (BRK.B, 6.6%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 10 and reduced 20. The biggest buy was a new position in Salesforce (CRM) and the biggest sale an exit from CVS Health (CVS).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001390063
- Portfolio Value
- $425.0M (Q2 2025)
- SEC Filing
- 0001104659-25-070873 ↗ filed Jul 25, 2025
Holdings Value
Holdings 39 stocks · $425.0M
| MSFT Microsoft Corp. | 8.45% | 72,231 | $35.9M | Reduce -0.3% |
| AAPL Apple Inc. | 7.64% | 158,193 | $32.5M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.58% | 57,530 | $27.9M | Reduce -0.2% |
| WMT Walmart Inc. | 6.06% | 263,590 | $25.8M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 5.92% | 86,805 | $25.2M | Reduce -1.5% |
| CAT Caterpillar Inc. | 5.80% | 63,546 | $24.7M | Add +0.2% |
| WM Waste Management Inc. | 4.78% | 88,739 | $20.3M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 4.63% | 111,565 | $19.7M | Add +0.2% |
| ABBV Abbvie Inc. | 4.58% | 104,790 | $19.5M | Add +1.0% |
| CSCO Cisco Systems Inc. | 4.19% | 256,397 | $17.8M | Reduce -0.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 3.92% | 182,612 | $16.6M | Reduce -0.3% |
| MCD McDonald's Corp. | 3.56% | 51,819 | $15.1M | Reduce -0.4% |
| LMT Lockheed Martin Corp. | 3.52% | 32,274 | $14.9M | Add +0.8% |
| HD Home Depot Inc. | 3.34% | 38,659 | $14.2M | Add +0.9% |
| MCHP Microchip Technology Inc. | 3.15% | 190,366 | $13.4M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 3.13% | 123,528 | $13.3M | Add +1.1% |
| CRM Salesforce Inc. | 2.86% | 44,558 | $12.2M | New |
| VLO Valero Energy Corp. | 2.72% | 86,047 | $11.6M | Reduce -0.1% |
| JNJ Johnson & Johnson | 2.23% | 62,085 | $9.5M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 2.06% | 39,962 | $8.8M | Add +0.2% |
| MDT Medtronic PLC | 2.03% | 98,954 | $8.6M | Add +0.5% |
| BDX Becton Dickinson and Co. | 1.92% | 47,472 | $8.2M | Reduce -0.3% |
| PFE Pfizer Inc. | 1.57% | 274,512 | $6.7M | Add +0.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.36% | 46,730 | $5.8M | Reduce -3.6% |
| INTC Intel Corp. | 1.05% | 199,987 | $4.5M | Reduce -0.1% |
| T AT&T Inc. | 0.84% | 122,950 | $3.6M | Reduce -4.7% |
| BA The Boeing Co. | 0.49% | 10,009 | $2.1M | Reduce -0.6% |
| NVDA Nvidia Corp. | 0.42% | 11,235 | $1.8M | No change |
| PEP Pepsico Inc. | 0.36% | 11,452 | $1.5M | Reduce -1.5% |
| CAG Conagra Brands Inc. | 0.28% | 58,134 | $1.2M | Reduce -0.5% |
| LOW Lowe's Cos Inc. | 0.22% | 4,241 | $941K | No change |
| VOO Vanguard S&P 500 ETF | 0.08% | 576 | $327K | Reduce -5.3% |
| VZ Verizon Communications Inc. | 0.07% | 6,911 | $299K | Reduce -0.4% |
| AXP American Express Co. | 0.05% | 660 | $211K | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.03% | 1,715 | $136K | No change |
| VGSH Vanguard Short-Term Treasury | 0.03% | 2,295 | $135K | No change |
| CVX Chevron Corp. | 0.03% | 932 | $133K | No change |
| KO The Coca-Cola Co. | 0.02% | 1,449 | $103K | No change |
| GOOG Alphabet Inc. Class C | 0.02% | 540 | $96K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| CVS CVS Health Corp. | Sold out | 0.00% | −1.69 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.2% | 6.58% | −1.06 |
| BDX Becton Dickinson and Co. | Reduce -0.3% | 1.92% | −0.79 |
| MCD McDonald's Corp. | Reduce -0.4% | 3.56% | −0.48 |
| WM Waste Management Inc. | Reduce -0.5% | 4.78% | −0.35 |
| JNJ Johnson & Johnson | Reduce -0.1% | 2.23% | −0.33 |
| CAG Conagra Brands Inc. | Reduce -0.5% | 0.28% | −0.11 |
| VLO Valero Energy Corp. | Reduce -0.1% | 2.72% | −0.11 |
| PEP Pepsico Inc. | Reduce -1.5% | 0.36% | −0.08 |
| INTC Intel Corp. | Reduce -0.1% | 1.05% | −0.08 |
| T AT&T Inc. | Reduce -4.7% | 0.84% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -0.4% | 0.07% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -5.3% | 0.08% | −0.00 |
| BA The Boeing Co. | Reduce -0.6% | 0.49% | +0.07 |
| BNY Bank of New York Mellon Corp. | Reduce -0.3% | 3.92% | +0.10 |
| DIS The Walt Disney Co. | Reduce -3.6% | 1.36% | +0.17 |
| CSCO Cisco Systems Inc. | Reduce -0.2% | 4.19% | +0.24 |
| WMT Walmart Inc. | Reduce -0.2% | 6.06% | +0.30 |
| JPM JPMorgan Chase & Co. | Reduce -1.5% | 5.92% | +0.55 |
| MCHP Microchip Technology Inc. | Reduce -0.1% | 3.15% | +0.86 |
| MSFT Microsoft Corp. | Reduce -0.3% | 8.45% | +1.69 |
Portfolio Buys Q1 2025 → Q2 2025
| CRM Salesforce Inc. | New | 2.86% | +2.86 |
| CAT Caterpillar Inc. | Add +0.2% | 5.80% | +0.60 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 4.63% | +0.34 |
| AMZN Amazon.com Inc. | Add +0.2% | 2.06% | +0.18 |
| LMT Lockheed Martin Corp. | Add +0.8% | 3.52% | −0.04 |
| HD Home Depot Inc. | Add +0.9% | 3.34% | −0.16 |
| PFE Pfizer Inc. | Add +0.4% | 1.57% | −0.16 |
| MDT Medtronic PLC | Add +0.5% | 2.03% | −0.17 |
| XOM Exxon Mobil Corp. | Add +1.1% | 3.13% | −0.48 |
| ABBV Abbvie Inc. | Add +1.0% | 4.58% | −0.83 |
| AAPL Apple Inc. | Add +0.3% | 7.64% | −1.07 |
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 |