Barrow Hanley Mewhinney & Strauss LLC
Reported US equity positions for Q1 2026 — $30.5B across 503 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| MRK Merck & Company, Inc. Common Stock (new) | $952.4M | 3.1% | 7,917,866 |
| CVX Chevron Corporation | $874.8M | 2.9% | 4,228,105 |
| GEHC GE HealthCare Technologies Inc. | $845.9M | 2.8% | 11,884,588 |
| CCL1EUR Carnival Corp | $766.9M | 2.5% | 29,632,847 |
| ETR Entergy Corporation | $750.8M | 2.5% | 6,681,876 |
| PR Permian Resources Corporation Class A | $737.1M | 2.4% | 34,573,010 |
| PNW Pinnacle West Capital Corporation | $705.3M | 2.3% | 7,000,617 |
| XOM ExxonMobil Holdings Corporation | $687.6M | 2.3% | 4,052,608 |
| MCHP Microchip Technology Incorporated | $682.3M | 2.2% | 10,560,144 |
| HPE Hewlett Packard Enterprise Company | $674.6M | 2.2% | 28,333,485 |
| ENTG Entegris, Inc. | $641.7M | 2.1% | 5,473,446 |
| APD Air Products and Chemicals, Inc. | $636.8M | 2.1% | 2,192,291 |
| FCX Freeport-McMoRan, Inc. | $577.8M | 1.9% | 9,829,134 |
| KDP Keurig Dr Pepper Inc. | $575.9M | 1.9% | 21,871,212 |
| BAC Bank of America Corporation | $547.4M | 1.8% | 11,229,035 |
| BRK.B Berkshire Hathaway Inc. | $513.5M | 1.7% | 1,071,594 |
| PSA Public Storage | $510.0M | 1.7% | 1,882,785 |
| PCG Pacific Gas & Electric Co. | $508.6M | 1.7% | 28,949,408 |
| FTV Fortive Corporation | $507.6M | 1.7% | 9,181,833 |
| G0750C108 Axalta Coating Sys LTD | $505.8M | 1.7% | 18,261,518 |
| G51502105 Johnson Controls Internation | $502.8M | 1.6% | 3,839,851 |
| QCOM QUALCOMM Incorporated | $481.2M | 1.6% | 3,736,239 |
| PLD Prologis, Inc. | $466.8M | 1.5% | 3,531,211 |
| XEL Xcel Energy Inc. | $442.7M | 1.5% | 5,572,658 |
| HAL Halliburton Company | $423.3M | 1.4% | 10,856,543 |
| WYNN Wynn Resorts, Limited | $370.1M | 1.2% | 3,644,717 |
| G3265R107 Aptiv PLC | $361.5M | 1.2% | 5,206,523 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $360.5M | 1.2% | 1,332,292 |
| G5960L103 Medtronic PLC | $352.8M | 1.2% | 4,071,177 |
| WFC Wells Fargo & Company | $337.2M | 1.1% | 4,235,470 |
| G3223R108 Everest Group LTD | $336.1M | 1.1% | 1,028,240 |
| GOOG Alphabet Inc. - Class C Capital Stock | $335.7M | 1.1% | 1,170,087 |
| PB Prosperity Bancshares, Inc. | $331.7M | 1.1% | 4,937,028 |
| LPLA LPL Financial Holdings Inc. | $328.9M | 1.1% | 1,093,406 |
| AXP American Express Company | $326.1M | 1.1% | 1,078,158 |
| COHR Coherent Corp. | $301.9M | 1.0% | 1,267,469 |
| GOOGL Alphabet Inc. | $291.0M | 1.0% | 1,011,791 |
| VICI VICI Properties Inc. | $289.6M | 0.9% | 10,598,950 |
| MDU MDU Resources Group, Inc. Common Stock (Holding Company) | $285.1M | 0.9% | 13,760,167 |
| SNY Sanofi | $283.7M | 0.9% | 5,887,466 |
| ORCL Oracle Corporation | $277.1M | 0.9% | 1,883,362 |
| AMT American Tower Corporation (REIT) | $273.6M | 0.9% | 1,585,600 |
| FIS Fidelity National Information Services, Inc. | $268.3M | 0.9% | 5,720,440 |
| PGR The Progressive Corporation | $264.5M | 0.9% | 1,334,140 |
| NEM Newmont Corporation | $252.5M | 0.8% | 2,332,859 |
| ACM AECOM | $242.0M | 0.8% | 2,852,722 |
| WMG Warner Music Group Corp. | $236.5M | 0.8% | 9,261,674 |
| JBHT J.B. Hunt Transport Services, Inc. | $233.3M | 0.8% | 1,100,952 |
| VRT Vertiv Holdings, LLC Class A | $228.5M | 0.7% | 911,930 |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $223.1M | 0.7% | 3,219,293 |
| COF Capital One Financial Corporation | $211.6M | 0.7% | 1,159,750 |
| URTH iShares MSCI World ETF | $210.0M | 0.7% | 1,166,433 |
| UL Unilever PLC American Preferred | $208.5M | 0.7% | 3,659,488 |
| JEF Jefferies Financial Group Inc. | $204.3M | 0.7% | 4,951,027 |
| PSX Phillips 66 | $178.8M | 0.6% | 981,432 |
| AVTR Avantor, Inc. | $175.3M | 0.6% | 22,358,399 |
| Q Qnity Electronics INC | $172.2M | 0.6% | 1,492,241 |
| KNF Knife Riv Holding Co. | $167.4M | 0.5% | 2,050,789 |
| WAL Western Alliance Bancorporation Common Stock (DE) | $167.4M | 0.5% | 2,362,939 |
| CNP CenterPoint Energy, Inc (Holding Co) | $158.7M | 0.5% | 3,677,534 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| MRK Merck & Company, Inc. Common Stock (new) | Add | $952.4M | $820.3M | +2% |
| CVX Chevron Corporation | Add | $874.8M | $615.6M | +5% |
| GEHC GE HealthCare Technologies Inc. | Add | $845.9M | $533.7M | +83% |
| CCL1EUR Carnival Corp | Add | $766.9M | $889.5M | +2% |
| ETR Entergy Corporation | Trim | $750.8M | $699.2M | -12% |
| PR Permian Resources Corporation Class A | Add | $737.1M | $433.7M | +12% |
| PNW Pinnacle West Capital Corporation | Add | $705.3M | $592.9M | +5% |
| XOM ExxonMobil Holdings Corporation | Trim | $687.6M | $498.4M | -2% |
| MCHP Microchip Technology Incorporated | Add | $682.3M | $647.5M | +4% |
| HPE Hewlett Packard Enterprise Company | Add | $674.6M | $433.5M | +57% |
| ENTG Entegris, Inc. | Trim | $641.7M | $574.3M | -20% |
| APD Air Products and Chemicals, Inc. | Add | $636.8M | $526.1M | +3% |
| FCX Freeport-McMoRan, Inc. | Add | $577.8M | $185.4M | +169% |
| KDP Keurig Dr Pepper Inc. | Add | $575.9M | $595.1M | +3% |
| BAC Bank of America Corporation | Trim | $547.4M | $632.6M | -2% |
| BRK.B Berkshire Hathaway Inc. | Trim | $513.5M | $550.8M | -2% |
| PSA Public Storage | Add | $510.0M | $465.5M | +5% |
| PCG Pacific Gas & Electric Co. | Add | $508.6M | $429.9M | +8% |
| FTV Fortive Corporation | Add | $507.6M | $456.9M | +11% |
| G0750C108 Axalta Coating Sys LTD | Add | $505.8M | $564.0M | +5% |
| G51502105 Johnson Controls Internation | Trim | $502.8M | $662.0M | -31% |
| QCOM QUALCOMM Incorporated | Add | $481.2M | $623.4M | +3% |
| XEL Xcel Energy Inc. | Trim | $442.7M | $421.7M | -2% |
| HAL Halliburton Company | Add | $423.3M | $287.0M | +7% |
| G3265R107 Aptiv PLC | Add | $361.5M | $334.6M | +18% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Add | $360.5M | $427.3M | +3% |
| G5960L103 Medtronic PLC | Trim | $352.8M | $401.1M | -3% |
| WFC Wells Fargo & Company | Trim | $337.2M | $405.8M | -3% |
| G3223R108 Everest Group LTD | Add | $336.1M | $321.8M | +8% |
| GOOG Alphabet Inc. - Class C Capital Stock | Trim | $335.7M | $375.5M | -2% |
| PB Prosperity Bancshares, Inc. | Add | $331.7M | $90.6M | +277% |
| LPLA LPL Financial Holdings Inc. | Trim | $328.9M | $450.5M | -13% |
| AXP American Express Company | Trim | $326.1M | $407.5M | -2% |
| COHR Coherent Corp. | Trim | $301.9M | $258.2M | -9% |
| GOOGL Alphabet Inc. | Trim | $291.0M | $323.8M | -2% |
| MDU MDU Resources Group, Inc. Common Stock (Holding Company) | Add | $285.1M | $251.7M | +7% |
| SNY Sanofi | Trim | $283.7M | $337.7M | -16% |
| ORCL Oracle Corporation | Add | $277.1M | $316.7M | +16% |
| AMT American Tower Corporation (REIT) | Add | $273.6M | $251.9M | +11% |
| FIS Fidelity National Information Services, Inc. | Trim | $268.3M | $419.0M | -9% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.