Zacks Investment Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Zacks Investment Management reported 723 stock positions worth $12.7 billion. Its top holding was Nvidia (NVDA) at 4.1% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Alphabet Class A (GOOGL, 3.7%). Compared with Q3 2025, it opened 109 new positions, sold out of 125, added to 247 and reduced 339. The biggest buy was iShares Russell 1000 Value E (IWD, shares +328%) and the biggest sale Netflix (NFLX, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0001086483
- Portfolio Value
- $12.7B (Q4 2025)
- SEC Filing
- 0001172661-26-000942 ↗ filed Feb 17, 2026
Holdings Value
Holdings 723 stocks · $12.7B
| NVDA Nvidia Corp. | 4.14% | 2,823,493 | $526.6M | Reduce -2.6% |
| MSFT Microsoft Corp. | 3.86% | 1,017,084 | $491.9M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 3.69% | 1,499,508 | $469.3M | Reduce -3.5% |
| AAPL Apple Inc. | 3.38% | 1,580,088 | $429.6M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 2.76% | 1,091,509 | $351.7M | Reduce -11.1% |
| META Meta Platforms Inc. Class A | 2.33% | 448,356 | $296.0M | Reduce -5.2% |
| AVGO Broadcom Inc. | 2.12% | 780,580 | $270.2M | Add +10.7% |
| AMZN Amazon.com Inc. | 1.97% | 1,085,578 | $250.6M | Reduce -0.1% |
| CAT Caterpillar Inc. | 1.90% | 421,914 | $241.7M | Reduce -0.1% |
| WMT Walmart Inc. | 1.86% | 2,123,056 | $236.5M | Add +3.3% |
| XOM Exxon Mobil Corp. | 1.44% | 1,527,615 | $183.8M | Add +5.3% |
| JNJ Johnson & Johnson | 1.44% | 884,426 | $183.0M | Reduce -0.3% |
| PH Parker Hannifin Corp. | 1.43% | 207,050 | $182.0M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 1.41% | 2,335,627 | $179.9M | Reduce -0.3% |
| HD Home Depot Inc. | 1.38% | 510,310 | $175.6M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 1.32% | 1,172,081 | $168.0M | Reduce -4.2% |
| ABBV Abbvie Inc. | 1.22% | 682,333 | $155.9M | Reduce -13.4% |
| BLK BlackRock Inc. | 1.17% | 139,535 | $149.4M | Reduce -0.5% |
| MET Metlife Inc. | 1.05% | 1,690,433 | $133.4M | Reduce -1.2% |
| PM Philip Morris International | 1.02% | 808,434 | $129.7M | Reduce -1.2% |
| TSLA Tesla Inc. | 1.01% | 285,934 | $128.6M | Reduce -0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.98% | 2,256,930 | $124.1M | Add +0.7% |
| LLY Eli Lilly & Co. | 0.97% | 115,021 | $123.6M | Add +1.2% |
| MRK Merck & Co. Inc. | 0.89% | 1,081,122 | $113.8M | Add +5.1% |
| COP Conocophillips | 0.89% | 1,205,303 | $112.8M | Reduce -4.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.86% | 370,916 | $109.9M | Add +0.3% |
| MCD McDonald's Corp. | 0.80% | 332,310 | $101.6M | Reduce -0.9% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.79% | 861,238 | $100.0M | Reduce -0.8% |
| GD General Dynamics Corp. | 0.78% | 294,539 | $99.2M | Add +0.0% |
| WFC Wells Fargo & Co. | 0.77% | 1,049,651 | $97.8M | Reduce -0.5% |
| PRU Prudential Financial Inc. | 0.76% | 852,803 | $96.3M | Reduce -1.4% |
| SO The Southern Co. | 0.72% | 1,047,291 | $91.3M | Reduce -1.0% |
| AEP American Electric Power | 0.72% | 790,758 | $91.2M | Add +1.5% |
| EME Emcor Group Inc. | 0.70% | 145,749 | $89.2M | Add +2.2% |
| PEP Pepsico Inc. | 0.69% | 614,729 | $88.2M | Reduce -2.7% |
| KO The Coca-Cola Co. | 0.69% | 1,249,633 | $87.4M | Reduce -0.6% |
| PNC PNC Financial Services Group | 0.66% | 403,245 | $84.2M | Reduce -1.1% |
| PLD Prologis Inc. | 0.66% | 655,187 | $83.6M | Add +25.1% |
| QCOM Qualcomm Inc. | 0.65% | 482,882 | $82.6M | Reduce -1.1% |
| VZ Verizon Communications Inc. | 0.65% | 2,021,397 | $82.3M | Reduce -3.6% |
| KMI Kinder Morgan Inc. | 0.64% | 2,947,125 | $81.0M | Reduce -1.1% |
| CMI Cummins Inc. | 0.61% | 152,312 | $77.7M | Reduce -0.7% |
| USB US Bancorp | 0.61% | 1,451,075 | $77.4M | Reduce -1.6% |
| FITB Fifth Third Bancorp | 0.59% | 1,609,652 | $75.3M | Reduce -0.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.59% | 289,056 | $74.8M | Reduce -2.6% |
| AXP American Express Co. | 0.59% | 201,658 | $74.6M | Add +0.7% |
| AGG iShares Core U.S. Aggregate | 0.58% | 737,953 | $73.7M | Reduce -3.0% |
| FERG Ferguson Enterprises Inc. | 0.55% | 313,448 | $69.8M | Reduce -19.5% |
| APH Amphenol Corp. Class A | 0.54% | 510,332 | $69.0M | Reduce -1.7% |
| GILD Gilead Sciences Inc. | 0.53% | 548,057 | $67.3M | Add +20.8% |
| NFLX Netflix Inc. | 0.52% | 702,017 | $65.8M | Reduce -34.2% |
| T AT&T Inc. | 0.50% | 2,579,610 | $64.1M | Add +0.4% |
| UNH Unitedhealth Group Inc. | 0.50% | 193,943 | $64.0M | Reduce -8.1% |
| IWD iShares Russell 1000 Value E | 0.50% | 304,086 | $64.0M | Add +328.4% |
| CSX CSX Corp. | 0.50% | 1,744,913 | $63.3M | Reduce -0.6% |
| PFE Pfizer Inc. | 0.49% | 2,513,903 | $62.6M | Reduce -6.9% |
| ABT Abbott Laboratories | 0.48% | 483,716 | $60.6M | Add +1.4% |
| C Citigroup Inc. | 0.47% | 513,146 | $59.9M | Reduce -0.3% |
| NSC Norfolk Southern Corp. | 0.46% | 204,915 | $59.2M | Reduce -0.6% |
| CAH Cardinal Health Inc. | 0.46% | 286,298 | $58.8M | Add +3.6% |
| HIG Hartford Insurance Group Inc. | 0.46% | 425,442 | $58.6M | Add +2.2% |
| ACN Accenture PLC Class A | 0.44% | 210,802 | $56.6M | Reduce -5.9% |
| DE Deere & Co. | 0.44% | 119,181 | $55.5M | Reduce -2.1% |
| PEG Public Service Enterprise GP | 0.43% | 689,299 | $55.4M | Reduce -1.3% |
| MDT Medtronic PLC | 0.42% | 562,204 | $54.0M | Reduce -0.7% |
| MO Altria Group Inc. | 0.41% | 903,810 | $52.1M | Reduce -1.4% |
| LMT Lockheed Martin Corp. | 0.41% | 107,508 | $52.0M | Reduce -2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.40% | 334,899 | $51.4M | Add +0.3% |
| PNR Pentair PLC | 0.40% | 485,667 | $50.6M | Add +42.8% |
| CTAS Cintas Corp. | 0.38% | 256,490 | $48.2M | Reduce -0.6% |
| LHX L3HARRIS Technologies Inc. | 0.38% | 163,527 | $48.0M | Reduce -0.7% |
| BDX Becton Dickinson and Co. | 0.37% | 243,004 | $47.2M | Reduce -10.4% |
| GOOG Alphabet Inc. Class C | 0.35% | 142,571 | $44.7M | Add +2.8% |
| LAMR Lamar Advertising Co. Class A | 0.35% | 352,210 | $44.6M | Reduce -0.4% |
| CVX Chevron Corp. | 0.35% | 290,579 | $44.3M | Reduce -0.8% |
| RTX RTX Corp. | 0.35% | 240,901 | $44.2M | Add +16.1% |
| ANET Arista Networks Inc. | 0.35% | 337,114 | $44.2M | Reduce -3.5% |
| PLTR Palantir Technologies Inc. Class A | 0.34% | 246,622 | $43.8M | Reduce -16.4% |
| CCI Crown Castle Inc. | 0.34% | 484,432 | $43.1M | Add +64.6% |
| RSG Republic Services Inc. | 0.32% | 193,843 | $41.1M | Add +7.5% |
| AMD Advanced Micro Devices | 0.31% | 184,088 | $39.4M | Add +5.8% |
| LRCX Lam Research Corp. | 0.31% | 229,408 | $39.3M | Reduce -0.1% |
| SPOT Spotify Technology SA | 0.31% | 67,018 | $38.9M | Reduce -1.7% |
| GS Goldman Sachs Group Inc. | 0.31% | 44,211 | $38.9M | Add +9.0% |
| CI The Cigna Group | 0.30% | 137,965 | $38.0M | Reduce -12.3% |
| GLW Corning Inc. | 0.30% | 431,813 | $37.8M | Add +11.8% |
| AMP Ameriprise Financial Inc. | 0.29% | 75,165 | $36.9M | Add +1.7% |
| HWM Howmet Aerospace Inc. | 0.29% | 179,227 | $36.7M | Reduce -6.4% |
| ADP Automatic Data Processing | 0.29% | 141,881 | $36.5M | Reduce -2.0% |
| DHR Danaher Corp. | 0.29% | 159,120 | $36.4M | Reduce -1.7% |
| MRSH Marsh & McLennan Cos | 0.28% | 194,755 | $36.1M | Reduce -5.3% |
| WPC WP Carey Inc. | 0.28% | 559,326 | $36.0M | Reduce -2.2% |
| CFG Citizens Financial Group | 0.28% | 601,838 | $35.2M | Reduce -0.4% |
| AMAT Applied Materials Inc. | 0.27% | 135,002 | $34.7M | Reduce -37.6% |
| MCO Moody's Corp. | 0.27% | 67,727 | $34.6M | Reduce -0.2% |
| COST Costco Wholesale Corp. | 0.27% | 39,708 | $34.2M | Reduce -0.6% |
| CMCSA Comcast Corp. Class A | 0.27% | 1,131,292 | $33.8M | Reduce -12.0% |
| MAR Marriott International Class A | 0.26% | 108,653 | $33.7M | Reduce -0.9% |
| CDNS Cadence Design SYS Inc. | 0.26% | 105,800 | $33.1M | Add +2.2% |
| TFC Truist Financial Corp. | 0.26% | 666,748 | $32.8M | Reduce -0.5% |
Portfolio Sells Q3 2025 → Q4 2025
| NFLX Netflix Inc. | Reduce -34.2% | 0.52% | −0.50 |
| META Meta Platforms Inc. Class A | Reduce -5.2% | 2.33% | −0.44 |
| MSFT Microsoft Corp. | Reduce -0.9% | 3.86% | −0.37 |
| ORCL Oracle Corp. | Reduce -40.4% | 0.24% | −0.35 |
| JPM JPMorgan Chase & Co. | Reduce -11.1% | 2.76% | −0.32 |
| DD Dupont DE Nemours Inc. | Reduce -94.2% | 0.01% | −0.29 |
| HD Home Depot Inc. | Reduce -0.9% | 1.38% | −0.28 |
| ABBV Abbvie Inc. | Reduce -13.4% | 1.22% | −0.23 |
| TXN Texas Instruments Inc. | Reduce -94.4% | 0.01% | −0.18 |
| PG The Procter & Gamble Co. | Reduce -4.2% | 1.32% | −0.18 |
| NVDA Nvidia Corp. | Reduce -2.6% | 4.14% | −0.17 |
| ITRI Itron Inc. | Reduce -96.3% | 0.00% | −0.16 |
| FERG Ferguson Enterprises Inc. | Reduce -19.5% | 0.55% | −0.15 |
| Q Qnity Electronics Inc. | Reduce -93.8% | 0.01% | −0.15 |
| AJG Arthur J Gallagher & Co. | Reduce -2.6% | 0.59% | −0.14 |
| BLK BlackRock Inc. | Reduce -0.5% | 1.17% | −0.13 |
| MRVL Marvell Technology Inc. | Reduce -97.0% | 0.00% | −0.13 |
| SNOW Snowflake Inc. | Reduce -95.9% | 0.00% | −0.11 |
| AAP Advance Auto Parts Inc. | Reduce -84.9% | 0.01% | −0.11 |
| P Everpure Inc. Class A | Reduce -42.8% | 0.08% | −0.10 |
| DUOL Duolingo | Sold out | 0.00% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -3.6% | 0.65% | −0.09 |
| FAST Fastenal Co. | Reduce -42.5% | 0.08% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -16.4% | 0.34% | −0.08 |
| SO The Southern Co. | Reduce -1.0% | 0.72% | −0.08 |
| SBUX Starbucks Corp. | Reduce -95.6% | 0.00% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -37.6% | 0.27% | −0.08 |
| CCL Carnival Corp. | Reduce -69.5% | 0.04% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -8.1% | 0.50% | −0.08 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.08 |
| MET Metlife Inc. | Reduce -1.2% | 1.05% | −0.07 |
| SPOT Spotify Technology SA | Reduce -1.7% | 0.31% | −0.07 |
| MO Altria Group Inc. | Reduce -1.4% | 0.41% | −0.07 |
| ZS Zscaler Inc. | Reduce -11.4% | 0.13% | −0.07 |
| STWD Starwood Property Trust Inc. | Sold out | 0.00% | −0.07 |
| CI The Cigna Group | Reduce -12.3% | 0.30% | −0.06 |
| COP Conocophillips | Reduce -4.1% | 0.89% | −0.06 |
| ANET Arista Networks Inc. | Reduce -3.5% | 0.35% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -12.0% | 0.27% | −0.06 |
| INTA Intapp Inc. | Reduce -95.3% | 0.00% | −0.06 |
| PFE Pfizer Inc. | Reduce -6.9% | 0.49% | −0.06 |
| TFX Teleflex Inc. | Sold out | 0.00% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -2.5% | 0.25% | −0.06 |
| ADP Automatic Data Processing | Reduce -2.0% | 0.29% | −0.05 |
| WMB Williams Cos Inc. | Reduce -78.8% | 0.01% | −0.05 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.05 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -1.8% | 0.23% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -5.3% | 0.28% | −0.05 |
| CTAS Cintas Corp. | Reduce -0.6% | 0.38% | −0.04 |
| SNPS Synopsys Inc. | Reduce -52.3% | 0.03% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| IWD iShares Russell 1000 Value E | Add +328.4% | 0.50% | +0.39 |
| LLY Eli Lilly & Co. | Add +1.2% | 0.97% | +0.28 |
| AVGO Broadcom Inc. | Add +10.7% | 2.12% | +0.27 |
| MDB Mongodb Inc. | New | 0.21% | +0.21 |
| MRK Merck & Co. Inc. | Add +5.1% | 0.89% | +0.21 |
| ADI Analog Devices Inc. | Add +7241.5% | 0.21% | +0.20 |
| PLD Prologis Inc. | Add +25.1% | 0.66% | +0.18 |
| WMT Walmart Inc. | Add +3.3% | 1.86% | +0.17 |
| PFF iShares Preferred & Income S | Add +6725.5% | 0.16% | +0.16 |
| XOM Exxon Mobil Corp. | Add +5.3% | 1.44% | +0.14 |
| DINO HF Sinclair Corp. | New | 0.14% | +0.14 |
| GILD Gilead Sciences Inc. | Add +20.8% | 0.53% | +0.13 |
| INTC Intel Corp. | Add +3658.9% | 0.13% | +0.12 |
| CAH Cardinal Health Inc. | Add +3.6% | 0.46% | +0.12 |
| CCI Crown Castle Inc. | Add +64.6% | 0.34% | +0.11 |
| QUIZ Zacks QLTY Inter'l Fund | New | 0.11% | +0.11 |
| TWLO Twilio Inc. Class A | Add +4204.2% | 0.11% | +0.11 |
| PATH Uipath Inc. Class A | New | 0.10% | +0.10 |
| PNR Pentair PLC | Add +42.8% | 0.40% | +0.10 |
| AA Alcoa Corp. | New | 0.10% | +0.10 |
| IWV iShares Russell 3000 ETF | Add +375.1% | 0.12% | +0.09 |
| EL Estee Lauder Companies Class A | New | 0.09% | +0.09 |
| ROST Ross Stores Inc. | Add +4509.5% | 0.09% | +0.09 |
| AMD Advanced Micro Devices | Add +5.8% | 0.31% | +0.09 |
| OMC Omnicom Group | New | 0.08% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +2.8% | 0.35% | +0.08 |
| EXPE Expedia Group Inc. | New | 0.08% | +0.08 |
| IWR iShares Russell Mid-Cap ETF | Add +844.4% | 0.08% | +0.07 |
| RTX RTX Corp. | Add +16.1% | 0.35% | +0.07 |
| IWF iShares Russell 1000 Growth | Add +182.4% | 0.11% | +0.07 |
| PSX Phillips 66 | Add +4120.5% | 0.07% | +0.07 |
| U Unity Software Inc. | New | 0.07% | +0.07 |
| IWM iShares Russell 2000 ETF | Add +1129.1% | 0.07% | +0.06 |
| FN Fabrinet | Add +9.4% | 0.25% | +0.06 |
| MNST Monster Beverage Corp. | New | 0.06% | +0.06 |
| AXP American Express Co. | Add +0.7% | 0.59% | +0.06 |
| BAC Bank of America Corp. | Add +0.7% | 0.98% | +0.05 |
| SF Stifel Financial Corp. | New | 0.05% | +0.05 |
| AFRM Affirm Holdings Inc. | Add +162.8% | 0.08% | +0.05 |
| RDDT Reddit Inc. Class A | Add +88.1% | 0.11% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +9.0% | 0.31% | +0.05 |
| EWBC East West Bancorp Inc. | New | 0.05% | +0.05 |
| DDOG Datadog Inc. Class A | New | 0.05% | +0.05 |
| GLW Corning Inc. | Add +11.8% | 0.30% | +0.04 |
| PSK SS SPDR Ice Pref Sec ETF | New | 0.04% | +0.04 |
| ACLS Axcelis Technologies Inc. | Add +335.8% | 0.06% | +0.04 |
| SOLV Solventum Corp. | New | 0.04% | +0.04 |
| AMGN Amgen Inc. | Add +2.3% | 0.25% | +0.04 |
| NVT Nvent Electric PLC | New | 0.03% | +0.03 |
| TRMB Trimble Inc. | New | 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 |