Aristotle Capital Management, LLC
Reported US equity positions for Q1 2026 — $47.8B across 191 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| WSM Williams-Sonoma, Inc. Common Stock (DE) | $2.0B | 4.3% | 11,140,471 |
| PH Parker-Hannifin Corporation | $1.9B | 4.0% | 2,121,374 |
| CTVA Corteva, Inc. | $1.6B | 3.3% | 18,833,712 |
| GOOG Alphabet Inc. - Class C Capital Stock | $1.5B | 3.1% | 5,130,659 |
| MSFT Microsoft Corporation | $1.3B | 2.6% | 3,377,893 |
| COF Capital One Financial Corporation | $1.2B | 2.6% | 6,750,796 |
| MLM Martin Marietta Materials, Inc. | $1.2B | 2.4% | 1,955,100 |
| AMGN Amgen Inc. | $1.1B | 2.3% | 3,079,565 |
| F92124100 Totalenergies Se | $1.0B | 2.2% | 11,243,638 |
| ECL Ecolab Inc. | $986.5M | 2.1% | 3,708,479 |
| MSI Motorola Solutions, Inc. | $983.4M | 2.1% | 2,266,047 |
| AMP Ameriprise Financial, Inc. | $982.9M | 2.1% | 2,211,677 |
| USB U.S. Bancorp | $975.0M | 2.0% | 18,747,239 |
| TDY Teledyne Technologies Incorporated | $966.8M | 2.0% | 1,597,930 |
| BAC Bank of America Corporation | $953.4M | 2.0% | 18,992,772 |
| CVX Chevron Corporation | $936.5M | 2.0% | 4,526,223 |
| KO The Coca-Cola Company | $933.2M | 2.0% | 12,270,438 |
| SONY Sony Group Corporation American Depositary Shares | $909.5M | 1.9% | 43,937,137 |
| ATO Atmos Energy Corporation | $899.0M | 1.9% | 4,866,481 |
| XEL Xcel Energy Inc. | $882.3M | 1.8% | 11,106,321 |
| MUFG Mitsubishi UFJ Financial Group, Inc. | $873.2M | 1.8% | 51,456,385 |
| PNC The PNC Financial Services Group, Inc. | $855.5M | 1.8% | 4,111,310 |
| GD General Dynamics Corporation | $839.8M | 1.8% | 2,446,709 |
| MRK Merck & Company, Inc. Common Stock (new) | $829.3M | 1.7% | 6,894,432 |
| WFC Wells Fargo & Company | $813.4M | 1.7% | 10,217,086 |
| AIG American International Group, Inc. | $792.4M | 1.7% | 10,529,689 |
| AWK American Water Works Company, Inc. | $791.2M | 1.7% | 5,813,455 |
| APD Air Products and Chemicals, Inc. | $779.7M | 1.6% | 2,683,883 |
| QCOM QUALCOMM Incorporated | $775.2M | 1.6% | 6,019,726 |
| LOW Lowe's Companies, Inc. | $766.2M | 1.6% | 3,242,794 |
| MCHP Microchip Technology Incorporated | $752.2M | 1.6% | 11,641,968 |
| OSK Oshkosh Corporation (Holding Company)Common Stock | $736.3M | 1.5% | 5,001,541 |
| SNPS Synopsys, Inc. | $733.3M | 1.5% | 1,849,326 |
| H01301128 Alcon Ag | $732.5M | 1.5% | 9,720,601 |
| UBER Uber Technologies, Inc. | $732.4M | 1.5% | 10,181,811 |
| RPM RPM International Inc. | $732.0M | 1.5% | 7,364,480 |
| LEN Lennar Corporation Class A | $724.8M | 1.5% | 8,346,077 |
| PG The Procter & Gamble Company | $670.9M | 1.4% | 4,644,540 |
| DHR Danaher Corporation | $661.7M | 1.4% | 3,489,816 |
| CFR Cullen/Frost Bankers, Inc. | $653.2M | 1.4% | 4,765,009 |
| MKC McCormick & Company, Incorporated | $638.8M | 1.3% | 12,664,378 |
| BX Blackstone Inc. | $599.9M | 1.3% | 5,216,518 |
| G5960L103 Medtronic PLC | $576.2M | 1.2% | 6,649,263 |
| ELS Equity Lifestyle Properties, Inc. | $538.0M | 1.1% | 8,618,627 |
| ADBE Adobe Inc. | $527.4M | 1.1% | 2,169,723 |
| CCO Clear Channel Outdoor Holdings, Inc. | $292.2M | 0.6% | 2,692,964 |
| G2519Y108 Credicorp LTD | $253.5M | 0.5% | 747,328 |
| G25839104 Coca-Cola Europacific Partne | $166.4M | 0.3% | 1,834,647 |
| EBKDY Erste Group Bank Ag Spons Adr | $134.2M | 0.3% | 2,515,652 |
| ING ING Group, N.V. | $131.7M | 0.3% | 5,055,258 |
| SAFRY Safran Sa Spons Adr | $128.1M | 0.3% | 1,591,000 |
| Y20246107 Dbs Group Holdings LTD | $127.7M | 0.3% | 2,895,451 |
| BN Brookfield Corporation Class A Limited Voting Shares | $126.0M | 0.3% | 3,112,754 |
| 00BPCPYT4 Brookfield Corp | $125.8M | 0.3% | 3,113,897 |
| DBSDY Dbs Group Hldgs LTD Spons Adr | $125.7M | 0.3% | 711,755 |
| A19494102 Erste Group Bank Ag | $122.5M | 0.3% | 1,149,226 |
| CTRA Coterra Energy INC | $118.0M | 0.2% | 3,356,822 |
| SPY State Street SPDR S&P 500 ETF Trust | $116.8M | 0.2% | 179,638 |
| 006771720 Samsung Electronics Co LTD | $107.8M | 0.2% | 987,850 |
| D55535104 Muenchener Rueckversicherungs-Gesellschaft Ag In Muenchen | $107.4M | 0.2% | 172,730 |
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 |
|---|---|---|---|---|
| WSM Williams-Sonoma, Inc. Common Stock (DE) | Add | $2.0B | $1.6B | +22% |
| PH Parker-Hannifin Corporation | Trim | $1.9B | $2.4B | -22% |
| CTVA Corteva, Inc. | Trim | $1.6B | $1.4B | -7% |
| GOOG Alphabet Inc. - Class C Capital Stock | Trim | $1.5B | $1.7B | -4% |
| MSFT Microsoft Corporation | Trim | $1.3B | $1.7B | -4% |
| COF Capital One Financial Corporation | Trim | $1.2B | $1.7B | -4% |
| MLM Martin Marietta Materials, Inc. | Trim | $1.2B | $1.3B | -5% |
| AMGN Amgen Inc. | Trim | $1.1B | $1.1B | -6% |
| F92124100 Totalenergies Se | Trim | $1.0B | $841.5M | -13% |
| ECL Ecolab Inc. | Trim | $986.5M | $1.0B | -5% |
| AMP Ameriprise Financial, Inc. | Trim | $982.9M | $1.1B | -4% |
| USB U.S. Bancorp | Trim | $975.0M | $1.0B | -5% |
| TDY Teledyne Technologies Incorporated | Trim | $966.8M | $872.0M | -6% |
| BAC Bank of America Corporation | Trim | $953.4M | $799.6M | -3% |
| CVX Chevron Corporation | Add | $936.5M | $91.6M | +653% |
| KO The Coca-Cola Company | Trim | $933.2M | $908.9M | -6% |
| SONY Sony Group Corporation American Depositary Shares | Trim | $909.5M | $1.2B | -3% |
| ATO Atmos Energy Corporation | Trim | $899.0M | $1.1B | -24% |
| XEL Xcel Energy Inc. | Trim | $882.3M | $855.2M | -4% |
| MUFG Mitsubishi UFJ Financial Group, Inc. | Trim | $873.2M | $854.5M | -5% |
| PNC The PNC Financial Services Group, Inc. | Trim | $855.5M | $899.0M | -5% |
| GD General Dynamics Corporation | Trim | $839.8M | $852.2M | -3% |
| MRK Merck & Company, Inc. Common Stock (new) | Trim | $829.3M | $766.4M | -5% |
| WFC Wells Fargo & Company | Trim | $813.4M | $1.0B | -5% |
| AIG American International Group, Inc. | Trim | $792.4M | $940.0M | -4% |
| AWK American Water Works Company, Inc. | Trim | $791.2M | $784.3M | -3% |
| QCOM QUALCOMM Incorporated | Trim | $775.2M | $1.1B | -4% |
| LOW Lowe's Companies, Inc. | Trim | $766.2M | $826.2M | -5% |
| MCHP Microchip Technology Incorporated | Trim | $752.2M | $792.4M | -6% |
| OSK Oshkosh Corporation (Holding Company)Common Stock | Trim | $736.3M | $676.7M | -7% |
| SNPS Synopsys, Inc. | Trim | $733.3M | $889.5M | -2% |
| H01301128 Alcon Ag | Trim | $732.5M | $799.8M | -4% |
| UBER Uber Technologies, Inc. | Trim | $732.4M | $890.2M | -7% |
| RPM RPM International Inc. | Trim | $732.0M | $807.4M | -5% |
| LEN Lennar Corporation Class A | Trim | $724.8M | $897.0M | -4% |
| PG The Procter & Gamble Company | Trim | $670.9M | $701.9M | -5% |
| DHR Danaher Corporation | Trim | $661.7M | $848.2M | -6% |
| CFR Cullen/Frost Bankers, Inc. | Trim | $653.2M | $634.4M | -5% |
| MKC McCormick & Company, Incorporated | Add | $638.8M | $259.9M | +232% |
| BX Blackstone Inc. | Trim | $599.9M | $840.9M | -4% |
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.