Zacks Investment Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Zacks Investment Management reported 664 stock positions worth $10.8 billion. Its top holding was Microsoft (MSFT) at 4.2% of the portfolio, followed by Nvidia (NVDA, 3.5%) and Apple (AAPL, 3.3%). Compared with Q3 2024, it opened 111 new positions, sold out of 124, added to 213 and reduced 322. The biggest buy was Wells Fargo (WFC, shares +6196%) and the biggest sale Dow (DOW, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001086483
- Portfolio Value
- $10.8B (Q4 2024)
- SEC Filing
- 0001172661-25-000838 ↗ filed Feb 13, 2025
Holdings Value
Holdings 664 stocks · $10.8B
| MSFT Microsoft Corp. | 4.21% | 1,080,177 | $455.3M | Reduce -7.2% |
| NVDA Nvidia Corp. | 3.54% | 2,843,774 | $381.9M | Reduce -7.1% |
| AAPL Apple Inc. | 3.34% | 1,442,319 | $361.2M | Add +1.7% |
| JPM JPMorgan Chase & Co. | 2.64% | 1,191,720 | $285.7M | Reduce -10.1% |
| AMZN Amazon.com Inc. | 2.15% | 1,056,763 | $231.8M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 2.14% | 1,221,901 | $231.3M | Add +3.4% |
| PG The Procter & Gamble Co. | 1.86% | 1,201,011 | $201.3M | Reduce -10.4% |
| HD Home Depot Inc. | 1.80% | 499,862 | $194.4M | Reduce -9.8% |
| META Meta Platforms Inc. Class A | 1.79% | 329,944 | $193.2M | Reduce -7.9% |
| WMT Walmart Inc. | 1.64% | 1,965,196 | $177.6M | Reduce -10.4% |
| XOM Exxon Mobil Corp. | 1.41% | 1,412,638 | $152.0M | Reduce -1.5% |
| CAT Caterpillar Inc. | 1.40% | 416,326 | $151.0M | Reduce -7.3% |
| BLK BlackRock Inc. | 1.31% | 137,919 | $141.4M | Reduce -4.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.28% | 488,589 | $138.7M | Reduce -9.9% |
| MET Metlife Inc. | 1.25% | 1,648,559 | $135.0M | Reduce -9.9% |
| ABBV Abbvie Inc. | 1.25% | 756,861 | $134.5M | Reduce -11.3% |
| AVGO Broadcom Inc. | 1.23% | 571,678 | $132.5M | Reduce -42.2% |
| PH Parker Hannifin Corp. | 1.20% | 203,335 | $129.3M | Reduce -9.5% |
| CSCO Cisco Systems Inc. | 1.12% | 2,048,300 | $121.3M | Add +4.6% |
| JNJ Johnson & Johnson | 1.11% | 827,576 | $119.7M | Reduce -13.5% |
| COP Conocophillips | 1.09% | 1,192,411 | $118.3M | Reduce -12.4% |
| TSLA Tesla Inc. | 1.01% | 271,243 | $109.5M | Reduce -4.3% |
| UNH Unitedhealth Group Inc. | 1.00% | 213,396 | $107.9M | Reduce -13.3% |
| SO The Southern Co. | 0.98% | 1,284,501 | $105.7M | Reduce -10.0% |
| PRU Prudential Financial Inc. | 0.92% | 837,108 | $99.2M | Reduce -9.2% |
| ORCL Oracle Corp. | 0.91% | 590,808 | $98.5M | Reduce -6.2% |
| MRK Merck & Co. Inc. | 0.90% | 974,458 | $96.9M | Reduce -18.2% |
| PM Philip Morris International | 0.89% | 799,036 | $96.2M | Reduce -9.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.89% | 2,186,580 | $96.1M | Reduce -2.9% |
| NFLX Netflix Inc. | 0.87% | 105,807 | $94.3M | Reduce -6.6% |
| MCD McDonald's Corp. | 0.87% | 323,214 | $93.7M | Reduce -9.8% |
| PEP Pepsico Inc. | 0.84% | 593,304 | $90.2M | Reduce -12.9% |
| QCOM Qualcomm Inc. | 0.77% | 540,978 | $83.1M | Reduce -8.7% |
| LLY Eli Lilly & Co. | 0.75% | 104,811 | $80.9M | Reduce -8.0% |
| KMI Kinder Morgan Inc. | 0.74% | 2,915,768 | $79.9M | Reduce -9.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.74% | 361,290 | $79.4M | Reduce -9.6% |
| VZ Verizon Communications Inc. | 0.73% | 1,959,630 | $78.4M | Reduce -11.2% |
| KO The Coca-Cola Co. | 0.70% | 1,208,565 | $75.2M | Reduce -1.5% |
| PNC PNC Financial Services Group | 0.69% | 388,486 | $74.9M | Reduce -10.2% |
| GD General Dynamics Corp. | 0.69% | 283,874 | $74.8M | Reduce -10.1% |
| WFC Wells Fargo & Co. | 0.64% | 984,104 | $69.1M | Add +6195.9% |
| AEP American Electric Power | 0.64% | 748,446 | $69.0M | Reduce -4.3% |
| AGG iShares Core U.S. Aggregate | 0.63% | 707,118 | $68.5M | Reduce -8.5% |
| USB US Bancorp | 0.63% | 1,421,862 | $68.0M | Reduce -9.5% |
| FITB Fifth Third Bancorp | 0.62% | 1,577,403 | $66.7M | Reduce -9.2% |
| LMT Lockheed Martin Corp. | 0.61% | 134,687 | $65.4M | Reduce -9.5% |
| T AT&T Inc. | 0.60% | 2,857,156 | $65.1M | Reduce -9.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.60% | 846,182 | $65.0M | Reduce -2.9% |
| PFE Pfizer Inc. | 0.60% | 2,436,120 | $64.6M | Add +2.0% |
| AMAT Applied Materials Inc. | 0.58% | 388,274 | $63.1M | Reduce -7.0% |
| ABT Abbott Laboratories | 0.56% | 537,785 | $60.8M | Reduce -10.5% |
| EME Emcor Group Inc. | 0.56% | 133,782 | $60.7M | Reduce -8.9% |
| AXP American Express Co. | 0.54% | 196,418 | $58.3M | Reduce -2.7% |
| PEG Public Service Enterprise GP | 0.54% | 685,373 | $57.9M | Reduce -8.8% |
| BDX Becton Dickinson and Co. | 0.52% | 247,316 | $56.1M | Reduce -11.1% |
| CSX CSX Corp. | 0.51% | 1,706,732 | $55.1M | Reduce -3.5% |
| MMM 3M Co. | 0.47% | 392,986 | $50.7M | Reduce -8.9% |
| PLD Prologis Inc. | 0.47% | 476,488 | $50.4M | Reduce -1.4% |
| JCI Johnson Controls Internation | 0.46% | 629,200 | $49.7M | Reduce -9.2% |
| DHR Danaher Corp. | 0.46% | 214,665 | $49.3M | Reduce -10.5% |
| ANET Arista Networks Inc. | 0.45% | 439,344 | $48.6M | Add +36.0% |
| MO Altria Group Inc. | 0.43% | 884,890 | $46.3M | Reduce -1.7% |
| SNPS Synopsys Inc. | 0.43% | 95,212 | $46.2M | Reduce -16.4% |
| CMCSA Comcast Corp. Class A | 0.42% | 1,220,968 | $45.8M | Reduce -6.6% |
| NSC Norfolk Southern Corp. | 0.42% | 191,884 | $45.0M | New |
| IWD iShares Russell 1000 Value E | 0.41% | 240,880 | $44.6M | Add +403.5% |
| CTAS Cintas Corp. | 0.41% | 243,183 | $44.4M | Add +14.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.41% | 192,024 | $44.3M | Reduce -1.7% |
| HIG Hartford Insurance Group Inc. | 0.40% | 394,643 | $43.2M | Reduce -11.4% |
| MDT Medtronic PLC | 0.40% | 535,447 | $42.8M | Reduce -13.2% |
| LAMR Lamar Advertising Co. Class A | 0.39% | 344,343 | $41.9M | Add +2.1% |
| SPOT Spotify Technology SA | 0.39% | 93,245 | $41.7M | Reduce -14.2% |
| INTU Intuit Inc. | 0.39% | 66,166 | $41.6M | Reduce -7.9% |
| ADP Automatic Data Processing | 0.38% | 141,930 | $41.5M | Reduce -3.8% |
| CVX Chevron Corp. | 0.38% | 284,543 | $41.2M | Reduce -7.2% |
| DOW Dow Inc. | 0.38% | 1,014,475 | $40.7M | Reduce -30.9% |
| MRSH Marsh & McLennan Cos | 0.37% | 187,687 | $39.9M | Reduce -13.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.36% | 66,315 | $38.9M | Add +19.7% |
| AMP Ameriprise Financial Inc. | 0.36% | 72,239 | $38.5M | Reduce -7.9% |
| NOW ServiceNow Inc. | 0.34% | 34,558 | $36.6M | Add +3.2% |
| EMN Eastman Chemical Co. | 0.34% | 398,624 | $36.4M | Reduce -9.3% |
| MANH Manhattan Associates Inc. | 0.33% | 133,551 | $36.1M | Reduce -8.8% |
| ACN Accenture PLC Class A | 0.33% | 102,088 | $35.9M | Reduce -11.2% |
| RSG Republic Services Inc. | 0.33% | 177,322 | $35.7M | Reduce -12.0% |
| COST Costco Wholesale Corp. | 0.33% | 38,633 | $35.4M | Add +0.8% |
| LHX L3HARRIS Technologies Inc. | 0.33% | 168,228 | $35.4M | Reduce -9.0% |
| C Citigroup Inc. | 0.33% | 501,088 | $35.3M | Reduce -2.3% |
| DD Dupont DE Nemours Inc. | 0.32% | 453,635 | $34.6M | Reduce -5.6% |
| HBAN Huntington Bancshares Inc. | 0.31% | 2,064,942 | $33.6M | Reduce -8.9% |
| TMUS T-Mobile US Inc. | 0.31% | 150,004 | $33.1M | Reduce -13.0% |
| UPS United Parcel Service Class B | 0.29% | 252,117 | $31.8M | Add +29.6% |
| GILD Gilead Sciences Inc. | 0.29% | 334,973 | $30.9M | Reduce -9.3% |
| FNF Fidelity National Financial | 0.28% | 546,709 | $30.7M | Reduce -8.8% |
| CDNS Cadence Design SYS Inc. | 0.28% | 101,123 | $30.4M | Add +6.8% |
| BR Broadridge Financial Solutio | 0.28% | 133,805 | $30.3M | New |
| MCO Moody's Corp. | 0.28% | 63,027 | $29.8M | Reduce -11.7% |
| CRM Salesforce Inc. | 0.27% | 86,837 | $29.0M | Add +148.7% |
| PLTR Palantir Technologies Inc. Class A | 0.27% | 383,674 | $29.0M | Add +76.4% |
| DOC Healthpeak Properties Inc. | 0.27% | 1,427,638 | $28.9M | Add +6.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 239,360 | $28.9M | Reduce -2.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $47K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 21,646 | $47K | No change |
Total filed on the 13F, all lines: $10.8B.
Portfolio Sells Q3 2024 → Q4 2024
| DOW Dow Inc. | Reduce -30.9% | 0.38% | −0.32 |
| NKE Nike Inc. Class B | Reduce -99.0% | 0.00% | −0.28 |
| MRK Merck & Co. Inc. | Reduce -18.2% | 0.90% | −0.28 |
| AVGO Broadcom Inc. | Reduce -42.2% | 1.23% | −0.25 |
| UNH Unitedhealth Group Inc. | Reduce -13.3% | 1.00% | −0.25 |
| HON Honeywell International Inc. | Reduce -95.8% | 0.01% | −0.25 |
| JNJ Johnson & Johnson | Reduce -13.5% | 1.11% | −0.24 |
| HCA HCA Healthcare Inc. | Reduce -98.6% | 0.00% | −0.22 |
| ABBV Abbvie Inc. | Reduce -11.3% | 1.25% | −0.22 |
| EMR Emerson Electric Co. | Reduce -61.3% | 0.18% | −0.21 |
| CE Celanese Corp. | Sold out | 0.00% | −0.19 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.18 |
| PEP Pepsico Inc. | Reduce -12.9% | 0.84% | −0.17 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.15 |
| PG The Procter & Gamble Co. | Reduce -10.4% | 1.86% | −0.15 |
| COP Conocophillips | Reduce -12.4% | 1.09% | −0.15 |
| LMT Lockheed Martin Corp. | Reduce -9.5% | 0.61% | −0.15 |
| HD Home Depot Inc. | Reduce -9.8% | 1.80% | −0.15 |
| AMAT Applied Materials Inc. | Reduce -7.0% | 0.58% | −0.15 |
| SO The Southern Co. | Reduce -10.0% | 0.98% | −0.14 |
| GD General Dynamics Corp. | Reduce -10.1% | 0.69% | −0.14 |
| VZ Verizon Communications Inc. | Reduce -11.2% | 0.73% | −0.13 |
| ECL Ecolab Inc. | Reduce -95.7% | 0.01% | −0.13 |
| MSFT Microsoft Corp. | Reduce -7.2% | 4.21% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -8.0% | 0.75% | −0.13 |
| CAT Caterpillar Inc. | Reduce -7.3% | 1.40% | −0.13 |
| DHR Danaher Corp. | Reduce -10.5% | 0.46% | −0.12 |
| PANW Palo Alto Networks Inc. | Reduce -44.4% | 0.21% | −0.12 |
| PHM Pultegroup Inc. | Reduce -17.9% | 0.22% | −0.11 |
| DDOG Datadog Inc. Class A | Reduce -67.7% | 0.08% | −0.11 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -8.7% | 0.77% | −0.10 |
| BAH Booz Allen Hamilton Holdings | Reduce -72.3% | 0.03% | −0.10 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.09 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.09 |
| CCI Crown Castle Inc. | Reduce -12.4% | 0.23% | −0.09 |
| DGRO iShares Core Dividend Growth | Reduce -90.3% | 0.01% | −0.09 |
| AMD Advanced Micro Devices | Reduce -13.8% | 0.19% | −0.09 |
| EMN Eastman Chemical Co. | Reduce -9.3% | 0.34% | −0.09 |
| MDT Medtronic PLC | Reduce -13.2% | 0.40% | −0.09 |
| APP AppLovin Corp. Class A | Reduce -87.6% | 0.04% | −0.08 |
| MCD McDonald's Corp. | Reduce -9.8% | 0.87% | −0.08 |
| ROST Ross Stores Inc. | Reduce -95.2% | 0.00% | −0.08 |
| SNPS Synopsys Inc. | Reduce -16.4% | 0.43% | −0.07 |
| WPC WP Carey Inc. | Reduce -16.1% | 0.26% | −0.07 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.07 |
| KO The Coca-Cola Co. | Reduce -1.5% | 0.70% | −0.07 |
| VRT Vertiv Holdings Co. Class A | Reduce -38.5% | 0.20% | −0.07 |
| PLD Prologis Inc. | Reduce -1.4% | 0.47% | −0.06 |
| BDX Becton Dickinson and Co. | Reduce -11.1% | 0.52% | −0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| WFC Wells Fargo & Co. | Add +6195.9% | 0.64% | +0.63 |
| AMZN Amazon.com Inc. | Add +2.6% | 2.15% | +0.48 |
| AAPL Apple Inc. | Add +1.7% | 3.34% | +0.48 |
| GOOGL Alphabet Inc. Class A | Add +3.4% | 2.14% | +0.44 |
| NSC Norfolk Southern Corp. | New | 0.42% | +0.42 |
| IWD iShares Russell 1000 Value E | Add +403.5% | 0.41% | +0.33 |
| BR Broadridge Financial Solutio | New | 0.28% | +0.28 |
| CSCO Cisco Systems Inc. | Add +4.6% | 1.12% | +0.22 |
| PLTR Palantir Technologies Inc. Class A | Add +76.4% | 0.27% | +0.20 |
| CRM Salesforce Inc. | Add +148.7% | 0.27% | +0.19 |
| ANET Arista Networks Inc. | Add +36.0% | 0.45% | +0.18 |
| MRVL Marvell Technology Inc. | New | 0.18% | +0.18 |
| ADBE Adobe Inc. | Add +1097.3% | 0.16% | +0.15 |
| MSI Motorola Solutions Inc. | Add +4541.6% | 0.15% | +0.14 |
| TWLO Twilio Inc. Class A | Add +211.0% | 0.16% | +0.13 |
| BMY Bristol-Myers Squibb Co. | Add +4936.4% | 0.13% | +0.13 |
| ZS Zscaler Inc. | New | 0.11% | +0.11 |
| INTA Intapp Inc. | Add +1810.7% | 0.09% | +0.09 |
| IWV iShares Russell 3000 ETF | Add +401.0% | 0.11% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +19.7% | 0.36% | +0.08 |
| FTNT Fortinet Inc. | Add +28.6% | 0.21% | +0.08 |
| VONV Vanguard Russell 1000 Value | New | 0.08% | +0.08 |
| NOW ServiceNow Inc. | Add +3.2% | 0.34% | +0.08 |
| NDAQ Nasdaq Inc. | New | 0.08% | +0.08 |
| FIVN FIVE9 Inc. | New | 0.07% | +0.07 |
| SPAB SS SPDR P Agg Bond ETF | Add +1901.2% | 0.07% | +0.07 |
| RTX RTX Corp. | Add +36.2% | 0.24% | +0.07 |
| SEIC Sei Investments Company | New | 0.07% | +0.07 |
| UPS United Parcel Service Class B | Add +29.6% | 0.29% | +0.06 |
| GTLB Gitlab Inc. Class A | Add +196.6% | 0.09% | +0.06 |
| CDNS Cadence Design SYS Inc. | Add +6.8% | 0.28% | +0.06 |
| IWF iShares Russell 1000 Growth | Add +169.4% | 0.09% | +0.06 |
| UI Ubiquiti Inc. | Add +8.5% | 0.13% | +0.06 |
| RPM RPM International Inc. | New | 0.06% | +0.06 |
| DBX Dropbox Inc. Class A | New | 0.05% | +0.05 |
| AAL American Airlines Group Inc. | New | 0.04% | +0.04 |
| IFF Intl Flavors & Fragrances | New | 0.04% | +0.04 |
| DX Dynex Capital Inc. | New | 0.04% | +0.04 |
| PLXS Plexus Corp. | New | 0.04% | +0.04 |
| MTZ Mastec Inc. | New | 0.04% | +0.04 |
| PKG Packaging Corp. of America | New | 0.04% | +0.04 |
| IWR iShares Russell Mid-Cap ETF | Add +342.4% | 0.04% | +0.04 |
| PSK SS SPDR Ice Pref Sec ETF | New | 0.03% | +0.03 |
| DECK Deckers Outdoor Corp. | New | 0.03% | +0.03 |
| ALL Allstate Corp. | New | 0.03% | +0.03 |
| CASY Casey's General Stores Inc. | Add +9.8% | 0.18% | +0.03 |
| COST Costco Wholesale Corp. | Add +0.8% | 0.33% | +0.03 |
| V Visa Inc. Class A | Add +3.6% | 0.15% | +0.03 |
| IWM iShares Russell 2000 ETF | Add +1068.9% | 0.04% | +0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Add +1703.0% | 0.03% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 724 | $14.1B | AAPL, NVDA, GOOGL, MSFT, AVGO |
| Q1 2026 | 706 | $12.5B | NVDA, AAPL, GOOGL, MSFT, CAT |
| Q4 2025 | 723 | $12.7B | NVDA, MSFT, GOOGL, AAPL, JPM |
| Q3 2025 | 738 | $12.6B | NVDA, MSFT, AAPL, JPM, GOOGL |
| Q2 2025 | 691 | $11.7B | MSFT, NVDA, JPM, AAPL, GOOGL |
| Q1 2025 | 650 | $10.7B | MSFT, AAPL, JPM, NVDA, PG |
| Q4 2024 | 664 | $10.8B | MSFT, NVDA, AAPL, JPM, AMZN |
| Q3 2024 | 677 | $11.5B | MSFT, NVDA, AAPL, JPM, PG |
| Q2 2024 | 607 | $8.9B | MSFT, NVDA, JPM, GOOGL, PG |
| Q1 2024 | 628 | $9.4B | MSFT, NVDA, AAPL, JPM, CAT |