Bahl & Gaynor INC
Reported US equity positions for Q1 2026 — $19.8B across 327 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| AVGO Broadcom Inc. | $877.2M | 4.4% | 2,834,081 |
| MSFT Microsoft Corporation | $692.7M | 3.5% | 1,871,331 |
| JNJ Johnson & Johnson | $665.2M | 3.4% | 2,721,183 |
| LLY Eli Lilly and Company | $612.7M | 3.1% | 666,129 |
| ABBV AbbVie Inc. | $595.6M | 3.0% | 2,738,634 |
| JPM JP Morgan Chase & Co. | $568.0M | 2.9% | 1,930,782 |
| WMB The Williams Companies, Inc. | $499.3M | 2.5% | 6,859,866 |
| NEE NextEra Energy, Inc. | $487.6M | 2.5% | 5,249,543 |
| PG The Procter & Gamble Company | $477.8M | 2.4% | 3,308,120 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $458.1M | 2.3% | 1,355,558 |
| CVX Chevron Corporation | $439.4M | 2.2% | 2,123,532 |
| TRGP Targa Resources, Inc. | $432.8M | 2.2% | 1,726,266 |
| HD The Home Depot, Inc. | $378.9M | 1.9% | 1,152,059 |
| TRV The Travelers Companies, Inc. | $334.5M | 1.7% | 1,146,922 |
| HIG The Hartford Insurance Group, Inc. | $330.6M | 1.7% | 2,444,574 |
| SRE DBA Sempra | $329.9M | 1.7% | 3,395,158 |
| PNC The PNC Financial Services Group, Inc. | $327.2M | 1.7% | 1,572,543 |
| CSCO Cisco Systems, Inc. | $271.6M | 1.4% | 3,501,023 |
| G29183103 Eaton Corp PLC | $256.6M | 1.3% | 717,417 |
| XOM ExxonMobil Holdings Corporation | $248.5M | 1.3% | 1,464,635 |
| MDLZ Mondelez International, Inc. | $240.0M | 1.2% | 4,164,597 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $230.7M | 1.2% | 852,428 |
| MCD McDonald's Corporation | $221.8M | 1.1% | 713,802 |
| LMT Lockheed Martin Corporation | $211.5M | 1.1% | 349,873 |
| TJX The TJX Companies, Inc. | $210.6M | 1.1% | 1,318,667 |
| GD General Dynamics Corporation | $201.6M | 1.0% | 587,387 |
| TXN Texas Instruments Incorporated | $200.1M | 1.0% | 1,030,621 |
| DRI Darden Restaurants, Inc. | $198.0M | 1.0% | 1,010,176 |
| RTX RTX Corporation | $197.4M | 1.0% | 1,023,562 |
| PEP PepsiCo, Inc. | $196.6M | 1.0% | 1,266,056 |
| CINF Cincinnati Financial Corporation | $191.6M | 1.0% | 1,217,450 |
| CME CME Group Inc. | $186.3M | 0.9% | 630,722 |
| G87052109 TE Connectivity Ltd Reg | $184.6M | 0.9% | 883,164 |
| VCTR Victory Capital Holdings, Inc. | $177.1M | 0.9% | 2,704,231 |
| MSI Motorola Solutions, Inc. | $174.7M | 0.9% | 402,449 |
| APO Apollo Global Management, Inc. (New) | $165.9M | 0.8% | 1,488,665 |
| AAPL Apple Inc. | $164.3M | 0.8% | 647,413 |
| SNA Snap-On Incorporated | $162.3M | 0.8% | 446,761 |
| ADP Automatic Data Processing, Inc. | $161.9M | 0.8% | 796,793 |
| PPL PPL Corporation | $159.7M | 0.8% | 4,181,418 |
| ITW Illinois Tool Works Inc. | $157.0M | 0.8% | 603,106 |
| G1151C101 Accenture PLC Ireland Class A | $155.0M | 0.8% | 781,756 |
| FAST Fastenal Company | $145.2M | 0.7% | 3,129,757 |
| KMI Kinder Morgan, Inc. | $135.7M | 0.7% | 4,048,277 |
| KO The Coca-Cola Company | $133.7M | 0.7% | 1,757,564 |
| VICI VICI Properties Inc. | $131.9M | 0.7% | 4,826,311 |
| USB U.S. Bancorp | $131.1M | 0.7% | 2,520,978 |
| RGA Reinsurance Group of America, Incorporated | $130.6M | 0.7% | 639,841 |
| HUBB Hubbell Inc | $125.9M | 0.6% | 256,565 |
| CTAS Cintas Corporation | $125.1M | 0.6% | 739,350 |
| CBOE Cboe Global Markets, Inc. | $124.6M | 0.6% | 443,411 |
| BR Broadridge Financial Solutions, Inc. | $120.3M | 0.6% | 740,292 |
| EVR Evercore Inc. Class A | $120.0M | 0.6% | 401,833 |
| WEC WEC Energy Group, Inc. | $119.4M | 0.6% | 1,031,567 |
| G54950103 Linde PLC | $118.1M | 0.6% | 238,179 |
| GLW Corning Incorporated | $114.1M | 0.6% | 839,119 |
| GOOGL Alphabet Inc. | $110.6M | 0.6% | 384,637 |
| APD Air Products and Chemicals, Inc. | $109.9M | 0.6% | 378,212 |
| WM Waste Management, Inc. | $108.1M | 0.5% | 470,575 |
| H2906T109 Garmin Ltd | $107.7M | 0.5% | 464,060 |
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 |
|---|---|---|---|---|
| MSFT Microsoft Corporation | Add | $692.7M | $888.1M | +2% |
| LLY Eli Lilly and Company | Trim | $612.7M | $846.2M | -15% |
| ABBV AbbVie Inc. | Trim | $595.6M | $706.6M | -11% |
| WMB The Williams Companies, Inc. | Trim | $499.3M | $420.4M | -2% |
| NEE NextEra Energy, Inc. | Trim | $487.6M | $430.3M | -2% |
| PG The Procter & Gamble Company | Trim | $477.8M | $567.4M | -16% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Add | $458.1M | $390.0M | +6% |
| CVX Chevron Corporation | Trim | $439.4M | $335.4M | -4% |
| TRGP Targa Resources, Inc. | Add | $432.8M | $269.1M | +18% |
| HD The Home Depot, Inc. | Trim | $378.9M | $410.0M | -3% |
| TRV The Travelers Companies, Inc. | Trim | $334.5M | $340.7M | -2% |
| SRE DBA Sempra | Trim | $329.9M | $305.0M | -2% |
| PNC The PNC Financial Services Group, Inc. | Add | $327.2M | $294.0M | +12% |
| CSCO Cisco Systems, Inc. | Add | $271.6M | $249.6M | +8% |
| G29183103 Eaton Corp PLC | Trim | $256.6M | $265.2M | -14% |
| XOM ExxonMobil Holdings Corporation | Add | $248.5M | $170.3M | +4% |
| MDLZ Mondelez International, Inc. | Trim | $240.0M | $286.5M | -22% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Add | $230.7M | $219.5M | +28% |
| MCD McDonald's Corporation | Trim | $221.8M | $311.5M | -30% |
| LMT Lockheed Martin Corporation | Trim | $211.5M | $233.6M | -28% |
| TJX The TJX Companies, Inc. | Add | $210.6M | $200.4M | +1% |
| GD General Dynamics Corporation | Add | $201.6M | $173.5M | +14% |
| TXN Texas Instruments Incorporated | Trim | $200.1M | $200.4M | -11% |
| DRI Darden Restaurants, Inc. | Add | $198.0M | $59.5M | +212% |
| RTX RTX Corporation | Add | $197.4M | $152.7M | +23% |
| PEP PepsiCo, Inc. | Trim | $196.6M | $185.0M | -2% |
| G87052109 TE Connectivity Ltd Reg | Add | $184.6M | $191.9M | +5% |
| VCTR Victory Capital Holdings, Inc. | Add | $177.1M | $130.6M | +31% |
| APO Apollo Global Management, Inc. (New) | Add | $165.9M | $161.6M | +33% |
| AAPL Apple Inc. | Trim | $164.3M | $191.5M | -8% |
| SNA Snap-On Incorporated | Add | $162.3M | $147.9M | +4% |
| ADP Automatic Data Processing, Inc. | Trim | $161.9M | $226.5M | -10% |
| ITW Illinois Tool Works Inc. | Trim | $157.0M | $152.8M | -3% |
| G1151C101 Accenture PLC Ireland Class A | Trim | $155.0M | $214.5M | -2% |
| FAST Fastenal Company | Add | $145.2M | $75.0M | +67% |
| KMI Kinder Morgan, Inc. | Trim | $135.7M | $122.6M | -9% |
| VICI VICI Properties Inc. | Add | $131.9M | $133.8M | +1% |
| RGA Reinsurance Group of America, Incorporated | Add | $130.6M | $122.8M | +6% |
| HUBB Hubbell Inc | Trim | $125.9M | $118.5M | -4% |
| CTAS Cintas Corporation | Trim | $125.1M | $141.4M | -2% |
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.