Westchester Capital Management, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Westchester Capital Management, Inc. reported 45 stock positions worth $496.5 million. Its top holding was Caterpillar (CAT) at 8.4% of the portfolio, followed by Apple (AAPL, 8.0%) and Walmart (WMT, 6.3%). Compared with Q4 2025, it opened 2 new positions, added to 12 and reduced 19. The biggest buy was a new position in Waters (WAT) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
OMAHA, NE
CIK
0001390063
Portfolio Value
$496.5M (Q1 2026)
SEC Filing
0001104659-26-056078 ↗ filed May 6, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $398.4M Q1 2024 Q2 2024: $396.1M Q2 2024 Q3 2024: $411.7M Q3 2024 Q4 2024: $397.6M Q4 2024 Q1 2025: $402.2M Q1 2025 Q2 2025: $425.0M Q2 2025 Q3 2025: $465.2M Q3 2025 Q4 2025: $483.7M Q4 2025 Q1 2026: $496.5M $496.5M Q1 2026 Q2 2026: $555.4M Q2 2026

Holdings 45 stocks · $496.5M

CAT Caterpillar Inc. 8.40% 58,862 $41.7M Reduce -0.4%
AAPL Apple Inc. 8.01% 156,692 $39.8M Reduce -0.1%
WMT Walmart Inc. 6.29% 251,380 $31.2M Reduce -0.6%
GOOGL Alphabet Inc. Class A 6.00% 103,578 $29.8M Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B 5.53% 57,299 $27.5M Add +0.7%
MSFT Microsoft Corp. 5.49% 73,677 $27.3M Add +1.5%
JPM JPMorgan Chase & Co. 4.94% 83,413 $24.5M Add +1.2%
ABBV Abbvie Inc. 4.54% 103,643 $22.5M Add +1.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 4.41% 184,721 $21.9M Add +7.0%
VLO Valero Energy Corp. 4.26% 85,673 $21.2M Reduce -0.2%
WM Waste Management Inc. 4.18% 90,325 $20.8M Reduce -0.1%
XOM Exxon Mobil Corp. 4.12% 120,573 $20.5M Reduce -0.9%
CSCO Cisco Systems Inc. 3.93% 251,486 $19.5M Reduce -0.1%
LMT Lockheed Martin Corp. 3.92% 32,191 $19.5M Reduce -0.3%
MCD McDonald's Corp. 3.23% 51,608 $16.0M Reduce -0.1%
JNJ Johnson & Johnson 2.99% 60,653 $14.8M Reduce -0.2%
MCHP Microchip Technology Inc. 2.62% 201,060 $13.0M Add +1.4%
HD Home Depot Inc. 2.59% 39,087 $12.9M Add +1.4%
AMZN Amazon.com Inc. 1.78% 42,390 $8.8M Add +2.2%
MDT Medtronic PLC 1.77% 101,322 $8.8M Add +1.9%
CRM Salesforce Inc. 1.74% 46,204 $8.6M Add +2.1%
INTC Intel Corp. 1.68% 189,530 $8.4M Reduce -0.3%
PFE Pfizer Inc. 1.59% 281,628 $7.9M Reduce -0.1%
BDX Becton Dickinson and Co. 1.50% 47,300 $7.4M Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.90% 46,138 $4.4M Reduce -0.0%
T AT&T Inc. 0.71% 121,848 $3.5M Reduce -0.4%
PEP Pepsico Inc. 0.46% 14,572 $2.3M Add +9.5%
BA The Boeing Co. 0.41% 10,353 $2.1M No change
NVDA Nvidia Corp. 0.39% 11,235 $2.0M No change
IVV iShares Core S&P 500 ETF 0.38% 2,896 $1.9M No change
WAT Waters Corp. 0.37% 6,184 $1.8M New
LOW Lowe's Cos Inc. 0.19% 3,958 $935K Reduce -0.9%
CAG Conagra Brands Inc. 0.17% 53,416 $840K Reduce -0.3%
META Meta Platforms Inc. Class A 0.08% 735 $421K Add +2000.0%
VZ Verizon Communications Inc. 0.07% 6,911 $347K No change
VOO Vanguard S&P 500 ETF 0.07% 543 $324K Reduce -5.7%
ITOT iShares Core S&P Total U.S. 0.05% 1,912 $272K No change
BND Vanguard Total Bond Market 0.04% 2,988 $220K No change
CVX Chevron Corp. 0.04% 1,005 $208K No change
AXP American Express Co. 0.04% 660 $200K No change
GOOG Alphabet Inc. Class C 0.03% 540 $155K 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 $134K No change
KO The Coca-Cola Co. 0.02% 1,449 $110K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 300 $15K New

Portfolio Sells Q4 2025 → Q1 2026

AAPL Apple Inc. Reduce -0.1% 8.01% −0.80
GOOGL Alphabet Inc. Class A Reduce -1.1% 6.00% −0.78
BDX Becton Dickinson and Co. Reduce -0.1% 1.50% −0.40
DIS The Walt Disney Co. Reduce -0.0% 0.90% −0.19
CSCO Cisco Systems Inc. Reduce -0.1% 3.93% −0.08
MCD McDonald's Corp. Reduce -0.1% 3.23% −0.03
CAG Conagra Brands Inc. Reduce -0.3% 0.17% −0.02
LOW Lowe's Cos Inc. Reduce -0.9% 0.19% −0.01
VOO Vanguard S&P 500 ETF Reduce -5.7% 0.07% −0.01
WM Waste Management Inc. Reduce -0.1% 4.18% +0.07
T AT&T Inc. Reduce -0.4% 0.71% +0.08
PFE Pfizer Inc. Reduce -0.1% 1.59% +0.14
INTC Intel Corp. Reduce -0.3% 1.68% +0.23
JNJ Johnson & Johnson Reduce -0.2% 2.99% +0.39
WMT Walmart Inc. Reduce -0.6% 6.29% +0.47
LMT Lockheed Martin Corp. Reduce -0.3% 3.92% +0.69
XOM Exxon Mobil Corp. Reduce -0.9% 4.12% +1.09
VLO Valero Energy Corp. Reduce -0.2% 4.26% +1.37
CAT Caterpillar Inc. Reduce -0.4% 8.40% +1.40

Portfolio Buys Q4 2025 → Q1 2026

WAT Waters Corp. New 0.37% +0.37
BNY Bank of New York Mellon Corp. Add +7.0% 4.41% +0.27
META Meta Platforms Inc. Class A Add +2000.0% 0.08% +0.08
PEP Pepsico Inc. Add +9.5% 0.46% +0.06
MCHP Microchip Technology Inc. Add +1.4% 2.62% +0.00
BAC Bank of America Corp. New 0.00% +0.00
HD Home Depot Inc. Add +1.4% 2.59% −0.15
AMZN Amazon.com Inc. Add +2.2% 1.78% −0.20
MDT Medtronic PLC Add +1.9% 1.77% −0.21
ABBV Abbvie Inc. Add +1.3% 4.54% −0.29
BRK.B Berkshire Hathaway Inc. Class B Add +0.7% 5.53% −0.38
JPM JPMorgan Chase & Co. Add +1.2% 4.94% −0.55
CRM Salesforce Inc. Add +2.1% 1.74% −0.74
MSFT Microsoft Corp. Add +1.5% 5.49% −1.76

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 46$555.4MCAT, AAPL, GOOGL, BRK.B, CSCO
Q1 2026 45$496.5MCAT, AAPL, WMT, GOOGL, BRK.B
Q4 2025 43$483.7MAAPL, MSFT, CAT, GOOGL, BRK.B
Q3 2025 43$465.2MAAPL, MSFT, CAT, BRK.B, WMT
Q2 2025 39$425.0MMSFT, AAPL, BRK.B, WMT, JPM
Q1 2025 39$402.2MAAPL, BRK.B, MSFT, WMT, ABBV
Q4 2024 41$397.6MAAPL, MSFT, BRK.B, WMT, CAT
Q3 2024 41$411.7MAAPL, MSFT, BRK.B, CAT, WMT
Q2 2024 41$396.1MAAPL, MSFT, BRK.B, CAT, GOOGL
Q1 2024 41$398.4MMSFT, AAPL, BRK.B, CAT, WM