Zacks Investment Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Zacks Investment Management reported 650 stock positions worth $10.7 billion. Its top holding was Microsoft (MSFT) at 3.7% of the portfolio, followed by Apple (AAPL, 3.1%) and JPMorgan Chase (JPM, 2.8%). Compared with Q4 2024, it opened 114 new positions, sold out of 128, added to 343 and reduced 163. The biggest buy was Deere (DE, shares +5336%) and the biggest sale Nvidia (NVDA, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001086483
- Portfolio Value
- $10.7B (Q1 2025)
- SEC Filing
- 0001172661-25-001873 ↗ filed May 14, 2025
Holdings Value
Holdings 650 stocks · $10.7B
| MSFT Microsoft Corp. | 3.75% | 1,069,480 | $401.5M | Reduce -1.0% |
| AAPL Apple Inc. | 3.08% | 1,482,799 | $329.4M | Add +2.8% |
| JPM JPMorgan Chase & Co. | 2.80% | 1,222,042 | $299.8M | Add +2.5% |
| NVDA Nvidia Corp. | 2.76% | 2,725,232 | $295.4M | Reduce -4.2% |
| PG The Procter & Gamble Co. | 1.95% | 1,225,282 | $208.8M | Add +2.0% |
| AMZN Amazon.com Inc. | 1.92% | 1,081,659 | $205.8M | Add +2.4% |
| META Meta Platforms Inc. Class A | 1.81% | 336,842 | $194.1M | Add +2.1% |
| HD Home Depot Inc. | 1.74% | 509,483 | $186.7M | Add +1.9% |
| GOOGL Alphabet Inc. Class A | 1.73% | 1,196,040 | $185.0M | Reduce -2.1% |
| WMT Walmart Inc. | 1.66% | 2,019,684 | $177.3M | Add +2.8% |
| XOM Exxon Mobil Corp. | 1.60% | 1,440,550 | $171.3M | Add +2.0% |
| ABBV Abbvie Inc. | 1.59% | 815,053 | $170.8M | Add +7.7% |
| JNJ Johnson & Johnson | 1.35% | 871,393 | $144.5M | Add +5.3% |
| CAT Caterpillar Inc. | 1.30% | 421,139 | $138.9M | Add +1.2% |
| CSCO Cisco Systems Inc. | 1.28% | 2,227,771 | $137.5M | Add +8.8% |
| MET Metlife Inc. | 1.26% | 1,680,379 | $134.9M | Add +1.9% |
| BLK BlackRock Inc. | 1.23% | 139,673 | $132.2M | Add +1.3% |
| COP Conocophillips | 1.22% | 1,241,710 | $130.4M | Add +4.1% |
| PM Philip Morris International | 1.20% | 810,668 | $128.7M | Add +1.5% |
| PH Parker Hannifin Corp. | 1.17% | 206,585 | $125.6M | Add +1.6% |
| SO The Southern Co. | 1.12% | 1,300,702 | $119.6M | Add +1.3% |
| AVGO Broadcom Inc. | 1.10% | 701,338 | $117.4M | Add +22.7% |
| UNH Unitedhealth Group Inc. | 1.09% | 223,623 | $117.1M | Add +4.8% |
| MCD McDonald's Corp. | 0.96% | 328,356 | $102.6M | Add +1.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.95% | 295,661 | $102.1M | Reduce -39.5% |
| NFLX Netflix Inc. | 0.94% | 108,388 | $101.1M | Add +2.4% |
| PRU Prudential Financial Inc. | 0.89% | 850,023 | $94.9M | Add +1.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.87% | 2,223,151 | $92.8M | Add +1.7% |
| PEP Pepsico Inc. | 0.86% | 613,712 | $92.0M | Add +3.4% |
| VZ Verizon Communications Inc. | 0.86% | 2,026,806 | $91.9M | Add +3.4% |
| MRK Merck & Co. Inc. | 0.85% | 1,014,312 | $91.0M | Add +4.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.85% | 365,880 | $91.0M | Add +1.3% |
| LLY Eli Lilly & Co. | 0.84% | 108,684 | $89.8M | Add +3.7% |
| KO The Coca-Cola Co. | 0.82% | 1,228,208 | $88.0M | Add +1.6% |
| QCOM Qualcomm Inc. | 0.79% | 550,689 | $84.6M | Add +1.8% |
| AEP American Electric Power | 0.78% | 767,526 | $83.9M | Add +2.5% |
| KMI Kinder Morgan Inc. | 0.78% | 2,933,114 | $83.7M | Add +0.6% |
| T AT&T Inc. | 0.76% | 2,702,947 | $80.9M | Reduce -5.4% |
| GD General Dynamics Corp. | 0.74% | 290,918 | $79.3M | Add +2.5% |
| AGG iShares Core U.S. Aggregate | 0.72% | 779,962 | $77.2M | Add +10.3% |
| WFC Wells Fargo & Co. | 0.70% | 1,043,489 | $74.9M | Add +6.0% |
| ABT Abbott Laboratories | 0.68% | 548,364 | $72.7M | Add +2.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.67% | 857,862 | $71.9M | Add +1.4% |
| TSLA Tesla Inc. | 0.66% | 271,779 | $70.4M | Add +0.2% |
| PNC PNC Financial Services Group | 0.65% | 395,837 | $69.6M | Add +1.9% |
| PFE Pfizer Inc. | 0.63% | 2,642,202 | $67.0M | Add +8.5% |
| FITB Fifth Third Bancorp | 0.59% | 1,601,304 | $62.8M | Add +1.5% |
| BDX Becton Dickinson and Co. | 0.58% | 271,421 | $62.2M | Add +9.8% |
| USB US Bancorp | 0.57% | 1,453,297 | $61.4M | Add +2.2% |
| MMM 3M Co. | 0.55% | 401,251 | $58.9M | Add +2.1% |
| PLD Prologis Inc. | 0.54% | 512,632 | $57.3M | Add +7.6% |
| PEG Public Service Enterprise GP | 0.53% | 693,308 | $57.1M | Add +1.2% |
| DE Deere & Co. | 0.53% | 120,785 | $56.7M | Add +5335.9% |
| SPOT Spotify Technology SA | 0.52% | 101,002 | $55.6M | Add +8.3% |
| AXP American Express Co. | 0.51% | 202,100 | $54.4M | Add +2.9% |
| MO Altria Group Inc. | 0.50% | 898,465 | $53.9M | Add +1.5% |
| CTAS Cintas Corp. | 0.49% | 254,674 | $52.3M | Add +4.7% |
| CSX CSX Corp. | 0.48% | 1,737,794 | $51.1M | Add +1.8% |
| JCI Johnson Controls Internation | 0.48% | 637,785 | $51.1M | Add +1.4% |
| EME Emcor Group Inc. | 0.47% | 137,456 | $50.8M | Add +2.8% |
| MDT Medtronic PLC | 0.47% | 560,400 | $50.4M | Add +4.7% |
| HIG Hartford Insurance Group Inc. | 0.47% | 406,879 | $50.3M | Add +3.1% |
| GILD Gilead Sciences Inc. | 0.47% | 444,773 | $49.8M | Add +32.8% |
| CVX Chevron Corp. | 0.46% | 292,694 | $49.0M | Add +2.9% |
| LMT Lockheed Martin Corp. | 0.46% | 109,294 | $48.8M | Reduce -18.9% |
| NSC Norfolk Southern Corp. | 0.45% | 202,447 | $47.9M | Add +5.5% |
| CMI Cummins Inc. | 0.44% | 151,963 | $47.6M | Add +7689.0% |
| CMCSA Comcast Corp. Class A | 0.44% | 1,287,323 | $47.5M | Add +5.4% |
| MRSH Marsh & McLennan Cos | 0.44% | 194,109 | $47.4M | Add +3.4% |
| RSG Republic Services Inc. | 0.41% | 182,972 | $44.3M | Add +3.2% |
| ADP Automatic Data Processing | 0.41% | 142,624 | $43.6M | Add +0.5% |
| SNPS Synopsys Inc. | 0.40% | 98,910 | $42.4M | Add +3.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.39% | 86,050 | $41.7M | Add +63.4% |
| TMUS T-Mobile US Inc. | 0.38% | 150,736 | $40.2M | Add +0.5% |
| LAMR Lamar Advertising Co. Class A | 0.37% | 349,463 | $39.8M | Add +1.5% |
| DOW Dow Inc. | 0.37% | 1,127,425 | $39.4M | Add +11.1% |
| PLTR Palantir Technologies Inc. Class A | 0.36% | 463,195 | $39.1M | Add +20.7% |
| COST Costco Wholesale Corp. | 0.35% | 39,210 | $37.1M | Add +1.5% |
| FNF Fidelity National Financial | 0.34% | 556,851 | $36.2M | Add +1.9% |
| C Citigroup Inc. | 0.34% | 508,399 | $36.1M | Add +1.5% |
| EMN Eastman Chemical Co. | 0.34% | 409,143 | $36.0M | Add +2.6% |
| AMP Ameriprise Financial Inc. | 0.34% | 74,320 | $36.0M | Add +2.9% |
| ORCL Oracle Corp. | 0.34% | 257,186 | $36.0M | Reduce -56.5% |
| DD Dupont DE Nemours Inc. | 0.33% | 479,745 | $35.8M | Add +5.8% |
| CRM Salesforce Inc. | 0.33% | 133,368 | $35.8M | Add +53.6% |
| WPC WP Carey Inc. | 0.33% | 562,397 | $35.5M | Add +9.2% |
| ANET Arista Networks Inc. | 0.32% | 444,551 | $34.4M | Add +1.2% |
| LHX L3HARRIS Technologies Inc. | 0.32% | 162,816 | $34.1M | Reduce -3.2% |
| ACN Accenture PLC Class A | 0.32% | 108,607 | $33.9M | Add +6.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 60,359 | $33.8M | Reduce -9.0% |
| BR Broadridge Financial Solutio | 0.31% | 138,394 | $33.6M | Add +3.4% |
| V Visa Inc. Class A | 0.31% | 94,951 | $33.3M | Add +79.8% |
| DHR Danaher Corp. | 0.31% | 162,281 | $33.3M | Reduce -24.4% |
| AMAT Applied Materials Inc. | 0.29% | 217,333 | $31.5M | Reduce -44.0% |
| HBAN Huntington Bancshares Inc. | 0.29% | 2,085,122 | $31.3M | Add +1.0% |
| RTX RTX Corp. | 0.29% | 231,993 | $30.7M | Add +4.6% |
| CCI Crown Castle Inc. | 0.28% | 291,886 | $30.4M | Add +6.0% |
| MCO Moody's Corp. | 0.28% | 64,722 | $30.1M | Add +2.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.28% | 363,177 | $30.0M | Add +5.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 246,469 | $30.0M | Add +3.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $49K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 21,646 | $49K | No change |
Total filed on the 13F, all lines: $10.7B.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -4.2% | 2.76% | −0.78 |
| ORCL Oracle Corp. | Reduce -56.5% | 0.34% | −0.58 |
| MSFT Microsoft Corp. | Reduce -1.0% | 3.75% | −0.47 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 1.73% | −0.41 |
| AJG Arthur J Gallagher & Co. | Reduce -39.5% | 0.95% | −0.33 |
| MANH Manhattan Associates Inc. | Reduce -97.6% | 0.01% | −0.33 |
| NOW ServiceNow Inc. | Reduce -94.6% | 0.01% | −0.33 |
| IWD iShares Russell 1000 Value E | Reduce -72.9% | 0.11% | −0.30 |
| AMAT Applied Materials Inc. | Reduce -44.0% | 0.29% | −0.29 |
| CACI Caci International Inc. Class A | Reduce -98.8% | 0.00% | −0.19 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -40.0% | 0.22% | −0.19 |
| TT Trane Technologies PLC | Reduce -93.2% | 0.01% | −0.17 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.17 |
| ADBE Adobe Inc. | Reduce -93.5% | 0.01% | −0.15 |
| LMT Lockheed Martin Corp. | Reduce -18.9% | 0.46% | −0.15 |
| INTU Intuit Inc. | Reduce -37.8% | 0.24% | −0.15 |
| DHR Danaher Corp. | Reduce -24.4% | 0.31% | −0.15 |
| VRT Vertiv Holdings Co. Class A | Reduce -36.7% | 0.08% | −0.12 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.11 |
| UPS United Parcel Service Class B | Reduce -28.9% | 0.18% | −0.11 |
| AMD Advanced Micro Devices | Reduce -45.7% | 0.09% | −0.10 |
| MGM MGM Resorts International | Sold out | 0.00% | −0.09 |
| IWV iShares Russell 3000 ETF | Reduce -77.3% | 0.02% | −0.09 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.08 |
| DDOG Datadog Inc. Class A | Reduce -85.9% | 0.01% | −0.07 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.07 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.07 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -91.9% | 0.01% | −0.07 |
| RYAN Ryan Specialty Holdings Inc. | Sold out | 0.00% | −0.06 |
| GTLB Gitlab Inc. Class A | Reduce -64.0% | 0.03% | −0.06 |
| RPM RPM International Inc. | Sold out | 0.00% | −0.06 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.05 |
| VMI Valmont Industries | Sold out | 0.00% | −0.05 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.05 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.05 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.05 |
| IWF iShares Russell 1000 Growth | Reduce -51.8% | 0.04% | −0.05 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -9.0% | 0.32% | −0.04 |
| MCY Mercury General Corp. | Sold out | 0.00% | −0.04 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.04 |
| DX Dynex Capital Inc. | Sold out | 0.00% | −0.04 |
| VLTO Veralto Corp. | Reduce -92.7% | 0.00% | −0.04 |
| PLXS Plexus Corp. | Sold out | 0.00% | −0.04 |
| KW Kennedy-Wilson Holdings Inc. | Sold out | 0.00% | −0.04 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.04 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −0.03 |
| CHH Choice Hotels Intl Inc. | Sold out | 0.00% | −0.03 |
| PHM Pultegroup Inc. | Reduce -10.5% | 0.18% | −0.03 |
| DUOL Duolingo | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| DE Deere & Co. | Add +5335.9% | 0.53% | +0.52 |
| CMI Cummins Inc. | Add +7689.0% | 0.44% | +0.44 |
| ABBV Abbvie Inc. | Add +7.7% | 1.59% | +0.35 |
| PM Philip Morris International | Add +1.5% | 1.20% | +0.31 |
| JNJ Johnson & Johnson | Add +5.3% | 1.35% | +0.24 |
| OKTA Okta Inc. | Add +495.6% | 0.23% | +0.20 |
| VRTX Vertex Pharmaceuticals Inc. | Add +63.4% | 0.39% | +0.19 |
| XOM Exxon Mobil Corp. | Add +2.0% | 1.60% | +0.19 |
| OVV Ovintiv Inc. | New | 0.19% | +0.19 |
| GS Goldman Sachs Group Inc. | Add +1867.8% | 0.19% | +0.18 |
| GILD Gilead Sciences Inc. | Add +32.8% | 0.47% | +0.18 |
| CSCO Cisco Systems Inc. | Add +8.8% | 1.28% | +0.16 |
| V Visa Inc. Class A | Add +79.8% | 0.31% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +2.5% | 2.80% | +0.15 |
| AEP American Electric Power | Add +2.5% | 0.78% | +0.14 |
| GE General Electric | Add +3110.2% | 0.15% | +0.14 |
| SO The Southern Co. | Add +1.3% | 1.12% | +0.14 |
| VZ Verizon Communications Inc. | Add +3.4% | 0.86% | +0.13 |
| SPOT Spotify Technology SA | Add +8.3% | 0.52% | +0.13 |
| KO The Coca-Cola Co. | Add +1.6% | 0.82% | +0.12 |
| COP Conocophillips | Add +4.1% | 1.22% | +0.12 |
| JLL Jones Lang Lasalle Inc. | New | 0.12% | +0.12 |
| MWA Mueller Water Products Inc. Class A | New | 0.12% | +0.12 |
| ABT Abbott Laboratories | Add +2.0% | 0.68% | +0.12 |
| IBM Intl Business Machines Corp. | Add +1.3% | 0.85% | +0.11 |
| CAH Cardinal Health Inc. | Add +53.8% | 0.25% | +0.11 |
| SBUX Starbucks Corp. | New | 0.11% | +0.11 |
| CTRA Coterra Energy Inc. | New | 0.10% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +20.7% | 0.36% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +4.8% | 1.09% | +0.09 |
| PEN Penumbra Inc. | New | 0.09% | +0.09 |
| COR Cencora Inc. | Add +2018.0% | 0.09% | +0.09 |
| MCD McDonald's Corp. | Add +1.6% | 0.96% | +0.09 |
| LLY Eli Lilly & Co. | Add +3.7% | 0.84% | +0.09 |
| AGG iShares Core U.S. Aggregate | Add +10.3% | 0.72% | +0.09 |
| PG The Procter & Gamble Co. | Add +2.0% | 1.95% | +0.09 |
| VEEV Veeva Systems Inc. Class A | New | 0.09% | +0.09 |
| PPC Pilgrim's Pride Corp. | New | 0.08% | +0.08 |
| RSG Republic Services Inc. | Add +3.2% | 0.41% | +0.08 |
| NFG National Fuel Gas Co. | New | 0.08% | +0.08 |
| MMM 3M Co. | Add +2.1% | 0.55% | +0.08 |
| CTAS Cintas Corp. | Add +4.7% | 0.49% | +0.08 |
| GLW Corning Inc. | Add +170.1% | 0.12% | +0.08 |
| CVX Chevron Corp. | Add +2.9% | 0.46% | +0.08 |
| HOOD Robinhood Markets Inc. Class A | New | 0.08% | +0.08 |
| MO Altria Group Inc. | Add +1.5% | 0.50% | +0.08 |
| MDT Medtronic PLC | Add +4.7% | 0.47% | +0.07 |
| MRSH Marsh & McLennan Cos | Add +3.4% | 0.44% | +0.07 |
| TRGP Targa Resources Corp. | New | 0.07% | +0.07 |
| WPC WP Carey Inc. | Add +9.2% | 0.33% | +0.07 |
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 |