Fayez Sarofim & Co
Reported US equity positions for Q1 2026 — $39.1B across 536 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| AAPL Apple Inc. | $3.5B | 9.0% | 13,881,697 |
| MSFT Microsoft Corporation | $2.8B | 7.3% | 7,698,013 |
| GOOG Alphabet Inc. - Class C Capital Stock | $2.2B | 5.7% | 7,788,379 |
| PM Philip Morris International Inc | $1.8B | 4.6% | 10,771,913 |
| NVDA NVIDIA Corporation | $1.7B | 4.4% | 9,822,826 |
| AMZN Amazon.com, Inc. | $1.7B | 4.3% | 8,084,635 |
| XOM ExxonMobil Holdings Corporation | $1.4B | 3.5% | 8,036,288 |
| CVX Chevron Corporation | $1.3B | 3.3% | 6,167,767 |
| META Meta Platforms, Inc. | $1.2B | 3.1% | 2,138,468 |
| KO The Coca-Cola Company | $1.2B | 2.9% | 15,159,232 |
| JPM JP Morgan Chase & Co. | $920.5M | 2.4% | 3,129,122 |
| V Visa Inc. | $902.9M | 2.3% | 2,987,445 |
| N07059210 Asml Holding Nv-Ny Reg Shs | $877.6M | 2.2% | 664,469 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $861.0M | 2.2% | 2,547,763 |
| MCD McDonald's Corporation | $840.5M | 2.2% | 2,704,363 |
| TXN Texas Instruments Incorporated | $671.9M | 1.7% | 3,461,141 |
| SPGI S&P Global Inc. | $649.6M | 1.7% | 1,527,239 |
| EPD Enterprise Products Partners L.P. | $613.0M | 1.6% | 16,199,184 |
| BLK BlackRock, Inc. | $612.3M | 1.6% | 636,696 |
| MA Mastercard Incorporated | $601.9M | 1.5% | 1,204,657 |
| ABBV AbbVie Inc. | $599.5M | 1.5% | 2,756,256 |
| ISRG Intuitive Surgical, Inc. | $558.9M | 1.4% | 1,212,411 |
| G29183103 Eaton Corp PLC | $534.4M | 1.4% | 1,494,015 |
| PGR The Progressive Corporation | $488.5M | 1.2% | 2,464,299 |
| INTU Intuit Inc. | $457.3M | 1.2% | 1,057,750 |
| ABT Abbott Laboratories | $439.6M | 1.1% | 4,282,135 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $434.0M | 1.1% | 1,603,772 |
| PG The Procter & Gamble Company | $415.6M | 1.1% | 2,877,535 |
| TROW T. Rowe Price Group, Inc. | $399.8M | 1.0% | 4,435,361 |
| LLY Eli Lilly and Company | $389.2M | 1.0% | 423,173 |
| BX Blackstone Inc. | $365.7M | 0.9% | 3,179,857 |
| CP Canadian Pacific Kansas City Limited | $363.5M | 0.9% | 4,621,108 |
| CME CME Group Inc. | $360.9M | 0.9% | 1,222,003 |
| H1467J104 Chubb LTD | $348.4M | 0.9% | 1,068,988 |
| BRK.B Berkshire Hathaway Inc. | $328.0M | 0.8% | 684,439 |
| ICE Intercontinental Exchange Inc. | $305.5M | 0.8% | 1,942,169 |
| MO Altria Group, Inc. | $290.0M | 0.7% | 4,394,936 |
| MAR Marriott International | $281.2M | 0.7% | 859,756 |
| ADP Automatic Data Processing, Inc. | $278.3M | 0.7% | 1,369,729 |
| MS Morgan Stanley | $269.1M | 0.7% | 1,635,037 |
| BRK.A Berkshire Hathaway Inc. | $262.1M | 0.7% | 365 |
| DE Deere & Company | $255.7M | 0.7% | 453,998 |
| EOG EOG Resources, Inc. | $249.9M | 0.6% | 1,728,678 |
| HD The Home Depot, Inc. | $249.9M | 0.6% | 759,860 |
| BNY The Bank of New York Mellon Corporation | $222.3M | 0.6% | 1,873,899 |
| MRK Merck & Company, Inc. Common Stock (new) | $204.5M | 0.5% | 1,700,379 |
| SHW The Sherwin-Williams Company | $201.7M | 0.5% | 629,232 |
| NOW ServiceNow, Inc. | $198.0M | 0.5% | 1,893,935 |
| G54950103 Linde PLC | $196.0M | 0.5% | 395,303 |
| WMT Walmart Inc. | $194.7M | 0.5% | 1,566,842 |
| UNP Union Pacific Corporation | $178.3M | 0.5% | 734,806 |
| PEP PepsiCo, Inc. | $162.3M | 0.4% | 1,045,243 |
| JNJ Johnson & Johnson | $159.2M | 0.4% | 651,329 |
| NVO Novo Nordisk A/S | $124.8M | 0.3% | 3,395,479 |
| MDLZ Mondelez International, Inc. | $122.8M | 0.3% | 2,129,670 |
| RTX RTX Corporation | $121.1M | 0.3% | 627,739 |
| VRSK Verisk Analytics, Inc. | $117.2M | 0.3% | 617,733 |
| COP ConocoPhillips | $99.8M | 0.3% | 756,422 |
| TDY Teledyne Technologies Incorporated | $92.1M | 0.2% | 152,188 |
| PSX Phillips 66 | $85.6M | 0.2% | 469,734 |
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 |
|---|---|---|---|---|
| AAPL Apple Inc. | Trim | $3.5B | $3.9B | -4% |
| NVDA NVIDIA Corporation | Add | $1.7B | $1.7B | +9% |
| XOM ExxonMobil Holdings Corporation | Trim | $1.4B | $993.1M | -3% |
| CVX Chevron Corporation | Trim | $1.3B | $962.0M | -2% |
| META Meta Platforms, Inc. | Add | $1.2B | $1.4B | +4% |
| KO The Coca-Cola Company | Trim | $1.2B | $1.1B | -3% |
| JPM JP Morgan Chase & Co. | Trim | $920.5M | $1.0B | -2% |
| V Visa Inc. | Add | $902.9M | $1.0B | +1% |
| N07059210 Asml Holding Nv-Ny Reg Shs | Trim | $877.6M | $719.8M | -1% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Add | $861.0M | $750.9M | +3% |
| TXN Texas Instruments Incorporated | Trim | $671.9M | $628.0M | -4% |
| SPGI S&P Global Inc. | Add | $649.6M | $789.9M | +1% |
| EPD Enterprise Products Partners L.P. | Trim | $613.0M | $537.6M | -3% |
| BLK BlackRock, Inc. | Add | $612.3M | $667.1M | +2% |
| MA Mastercard Incorporated | Add | $601.9M | $675.5M | +2% |
| ABBV AbbVie Inc. | Add | $599.5M | $590.5M | +7% |
| ISRG Intuitive Surgical, Inc. | Add | $558.9M | $664.1M | +3% |
| G29183103 Eaton Corp PLC | Add | $534.4M | $448.2M | +6% |
| ABT Abbott Laboratories | Trim | $439.6M | $561.4M | -4% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Add | $434.0M | $513.0M | +3% |
| PG The Procter & Gamble Company | Trim | $415.6M | $436.8M | -6% |
| TROW T. Rowe Price Group, Inc. | Trim | $399.8M | $484.9M | -6% |
| BX Blackstone Inc. | Add | $365.7M | $266.7M | +84% |
| CME CME Group Inc. | Trim | $360.9M | $341.5M | -2% |
| ICE Intercontinental Exchange Inc. | Trim | $305.5M | $328.9M | -4% |
| MO Altria Group, Inc. | Trim | $290.0M | $257.4M | -2% |
| MAR Marriott International | Trim | $281.2M | $294.2M | -9% |
| MS Morgan Stanley | Trim | $269.1M | $296.3M | -2% |
| HD The Home Depot, Inc. | Add | $249.9M | $255.7M | +2% |
| BNY The Bank of New York Mellon Corporation | Trim | $222.3M | $222.9M | -2% |
| MRK Merck & Company, Inc. Common Stock (new) | Trim | $204.5M | $183.1M | -2% |
| SHW The Sherwin-Williams Company | Trim | $201.7M | $213.0M | -4% |
| G54950103 Linde PLC | Trim | $196.0M | $170.9M | -1% |
| WMT Walmart Inc. | Trim | $194.7M | $177.2M | -1% |
| UNP Union Pacific Corporation | Trim | $178.3M | $178.3M | -5% |
| PEP PepsiCo, Inc. | Trim | $162.3M | $162.7M | -8% |
| JNJ Johnson & Johnson | Trim | $159.2M | $136.4M | -1% |
| NVO Novo Nordisk A/S | Trim | $124.8M | $215.5M | -20% |
| MDLZ Mondelez International, Inc. | Trim | $122.8M | $121.9M | -6% |
| COP ConocoPhillips | Trim | $99.8M | $71.7M | -1% |
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.