Westchester Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Westchester Capital Management, Inc. reported 43 stock positions worth $483.7 million. Its top holding was Apple (AAPL) at 8.8% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Caterpillar (CAT, 7.0%). Compared with Q3 2025, it added to 19 and reduced 12. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Abbvie (ABBV, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001390063
- Portfolio Value
- $483.7M (Q4 2025)
- SEC Filing
- 0001104659-26-014458 ↗ filed Feb 13, 2026
Holdings Value
Holdings 43 stocks · $483.7M
| AAPL Apple Inc. | 8.81% | 156,803 | $42.6M | Add +0.5% |
| MSFT Microsoft Corp. | 7.26% | 72,591 | $35.1M | Add +1.8% |
| CAT Caterpillar Inc. | 7.00% | 59,102 | $33.9M | Reduce -4.4% |
| GOOGL Alphabet Inc. Class A | 6.78% | 104,719 | $32.8M | Reduce -3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.91% | 56,905 | $28.6M | Reduce -0.3% |
| WMT Walmart Inc. | 5.82% | 252,891 | $28.2M | Reduce -2.2% |
| JPM JPMorgan Chase & Co. | 5.49% | 82,392 | $26.5M | Reduce -2.3% |
| ABBV Abbvie Inc. | 4.83% | 102,271 | $23.4M | Reduce -1.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 4.14% | 172,649 | $20.0M | Reduce -2.5% |
| WM Waste Management Inc. | 4.11% | 90,425 | $19.9M | Add +3.4% |
| CSCO Cisco Systems Inc. | 4.01% | 251,711 | $19.4M | Reduce -0.9% |
| MCD McDonald's Corp. | 3.26% | 51,662 | $15.8M | Add +0.6% |
| LMT Lockheed Martin Corp. | 3.23% | 32,279 | $15.6M | Add +0.4% |
| XOM Exxon Mobil Corp. | 3.03% | 121,688 | $14.6M | Add +0.3% |
| VLO Valero Energy Corp. | 2.89% | 85,858 | $14.0M | Add +0.5% |
| HD Home Depot Inc. | 2.74% | 38,562 | $13.3M | Add +0.7% |
| MCHP Microchip Technology Inc. | 2.61% | 198,351 | $12.6M | Add +1.1% |
| JNJ Johnson & Johnson | 2.60% | 60,783 | $12.6M | Reduce -1.1% |
| CRM Salesforce Inc. | 2.48% | 45,261 | $12.0M | Add +2.3% |
| AMZN Amazon.com Inc. | 1.98% | 41,495 | $9.6M | Add +5.9% |
| MDT Medtronic PLC | 1.98% | 99,457 | $9.6M | Add +0.9% |
| BDX Becton Dickinson and Co. | 1.90% | 47,365 | $9.2M | Add +0.9% |
| PFE Pfizer Inc. | 1.45% | 281,883 | $7.0M | Add +3.5% |
| INTC Intel Corp. | 1.45% | 190,105 | $7.0M | Reduce -1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.09% | 46,143 | $5.2M | Add +1.4% |
| T AT&T Inc. | 0.63% | 122,293 | $3.0M | Add +1.6% |
| BA The Boeing Co. | 0.46% | 10,353 | $2.2M | Add +3.6% |
| NVDA Nvidia Corp. | 0.43% | 11,235 | $2.1M | No change |
| IVV iShares Core S&P 500 ETF | 0.41% | 2,896 | $2.0M | No change |
| PEP Pepsico Inc. | 0.39% | 13,312 | $1.9M | Add +15.1% |
| LOW Lowe's Cos Inc. | 0.20% | 3,993 | $963K | Reduce -5.2% |
| CAG Conagra Brands Inc. | 0.19% | 53,591 | $928K | Reduce -3.6% |
| VOO Vanguard S&P 500 ETF | 0.07% | 576 | $361K | No change |
| ITOT iShares Core S&P Total U.S. | 0.06% | 1,912 | $284K | No change |
| VZ Verizon Communications Inc. | 0.06% | 6,911 | $281K | No change |
| AXP American Express Co. | 0.05% | 660 | $244K | No change |
| BND Vanguard Total Bond Market | 0.05% | 2,988 | $221K | No change |
| GOOG Alphabet Inc. Class C | 0.04% | 540 | $169K | No change |
| CVX Chevron Corp. | 0.03% | 1,005 | $153K | Add +7.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.03% | 1,715 | $137K | No change |
| VGSH Vanguard Short-Term Treasury | 0.03% | 2,295 | $135K | No change |
| KO The Coca-Cola Co. | 0.02% | 1,449 | $101K | No change |
| META Meta Platforms Inc. Class A | 0.00% | 35 | $23K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| ABBV Abbvie Inc. | Reduce -1.6% | 4.83% | −0.34 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 5.91% | −0.26 |
| JPM JPMorgan Chase & Co. | Reduce -2.3% | 5.49% | −0.23 |
| LOW Lowe's Cos Inc. | Reduce -5.2% | 0.20% | −0.03 |
| CAG Conagra Brands Inc. | Reduce -3.6% | 0.19% | −0.03 |
| BNY Bank of New York Mellon Corp. | Reduce -2.5% | 4.14% | −0.01 |
| INTC Intel Corp. | Reduce -1.5% | 1.45% | +0.06 |
| WMT Walmart Inc. | Reduce -2.2% | 5.82% | +0.09 |
| JNJ Johnson & Johnson | Reduce -1.1% | 2.60% | +0.15 |
| CSCO Cisco Systems Inc. | Reduce -0.9% | 4.01% | +0.27 |
| CAT Caterpillar Inc. | Reduce -4.4% | 7.00% | +0.66 |
| GOOGL Alphabet Inc. Class A | Reduce -3.5% | 6.78% | +1.11 |
Portfolio Buys Q3 2025 → Q4 2025
| AAPL Apple Inc. | Add +0.5% | 8.81% | +0.27 |
| CRM Salesforce Inc. | Add +2.3% | 2.48% | +0.23 |
| AMZN Amazon.com Inc. | Add +5.9% | 1.98% | +0.13 |
| XOM Exxon Mobil Corp. | Add +0.3% | 3.03% | +0.09 |
| PEP Pepsico Inc. | Add +15.1% | 0.39% | +0.05 |
| BDX Becton Dickinson and Co. | Add +0.9% | 1.90% | +0.01 |
| BA The Boeing Co. | Add +3.6% | 0.46% | +0.00 |
| CVX Chevron Corp. | Add +7.8% | 0.03% | +0.00 |
| DIS The Walt Disney Co. | Add +1.4% | 1.09% | −0.03 |
| PFE Pfizer Inc. | Add +3.5% | 1.45% | −0.04 |
| MDT Medtronic PLC | Add +0.9% | 1.98% | −0.04 |
| WM Waste Management Inc. | Add +3.4% | 4.11% | −0.04 |
| MCD McDonald's Corp. | Add +0.6% | 3.26% | −0.09 |
| MCHP Microchip Technology Inc. | Add +1.1% | 2.61% | −0.10 |
| T AT&T Inc. | Add +1.6% | 0.63% | −0.10 |
| LMT Lockheed Martin Corp. | Add +0.4% | 3.23% | −0.22 |
| VLO Valero Energy Corp. | Add +0.5% | 2.89% | −0.24 |
| HD Home Depot Inc. | Add +0.7% | 2.74% | −0.59 |
| MSFT Microsoft Corp. | Add +1.8% | 7.26% | −0.68 |
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 |