Institution

Advisors Capital Management, LLC

13F for the quarter to June 30, 2026, filed August 11, 2026 · SEC CIK 1345576

Reported value: $9.4bn
Positions we cover: 422
Copy, a year: +15.0%
Copy Sharpe ratio: 0.72

How copying its 13F would have done

CopyS&P 500 $10,000 copying Advisors Capital Management, LLC's filed holdings in companies we cover from November 4, 2016, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −38.3% (S&P 500 −31.8%); beta 1.01; alpha −0.5% a year (t = −0.28); last 12 months +15.8% against +12.1%.

Reported value by quarter

Advisors Capital Management, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2016-09-30	$1B
2016-12-31	$1B
2017-03-31	$1.2B
2017-06-30	$1.2B
2017-09-30	$1.2B
2017-12-31	$1.3B
2018-03-31	$1.3B
2018-06-30	$1.5B
2018-09-30	$1.5B
2018-12-31	$1.4B
2019-03-31	$1.6B
2019-06-30	$1.7B
2019-09-30	$1.8B
2019-12-31	$2.1B
2020-03-31	$1.6B
2020-06-30	$2B
2020-09-30	$2.1B
2020-12-31	$2.6B
2021-03-31	$2.9B
2021-06-30	$3.2B
2021-09-30	$3.3B
2021-12-31	$3.7B
2022-03-31	$3.7B
2022-06-30	$3.3B
2022-09-30	$3.7B
2022-12-31	$3.7B
2024-12-31	$6.4B
2025-03-31	$6.5B
2025-06-30	$7.3B
2025-09-30	$8.1B
2025-12-31	$8.5B
2026-03-31	$8.6B
2026-06-30	$9.4B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
AAPLApple Inc.	3.22%	$304.5m	1.05M	+3.6% Added
AVGOBroadcom	3.04%	$287.0m	759.8K	−0.1%
NVDANVIDIA Corporation	2.69%	$254.4m	1.27M	+4.5% Added
MSFTMicrosoft Corporation	2.50%	$235.8m	632.0K	+0.3%
CSCOCisco	1.94%	$182.9m	1.56M	−3.3% Reduced
IBMIBM	1.57%	$148.1m	526.6K	+3.0% Added
JPMJPMorgan Chase	1.54%	$145.6m	444.8K	+1.4% Added
AMZNAmazon	1.42%	$133.7m	561.2K	+1.5% Added
JNJJohnson & Johnson	1.42%	$133.7m	526.6K	+1.0% Added
GOOGLAlphabet Inc. (Class A)	1.38%	$130.0m	363.8K	+2.5% Added
ABBVAbbVie	1.35%	$127.2m	505.3K	−16.0% Reduced
PANWPalo Alto Networks	1.34%	$126.6m	371.2K	+0.3%
PMPhilip Morris International	1.29%	$122.0m	674.5K	−11.9% Reduced
CCitigroup	1.26%	$119.2m	852.0K	−26.5% Reduced
TXNTexas Instruments	1.05%	$99.0m	332.2K	−1.3% Reduced
KMIKinder Morgan	1.03%	$97.7m	3.05M	+1.1% Added
CVXChevron Corporation	0.97%	$91.9m	554.4K	−11.7% Reduced
TTTrane Technologies	0.95%	$89.8m	182.8K	+0.1%
TJXTJX Companies	0.94%	$89.3m	589.2K	+1.4% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.92%	$86.5m	181.0K	−1.0% Reduced
BXBlackstone Inc.	0.88%	$82.9m	704.6K	−0.9% Reduced
ORCLOracle Corporation	0.87%	$82.5m	562.8K	+97.6% Added
DUKDuke Energy	0.82%	$77.9m	615.1K	+2.1% Added
RTXRTX Corporation	0.79%	$74.4m	392.3K	−0.6% Reduced
WPCW. P. Carey Inc.	0.78%	$73.7m	1.03M	+1.4% Added
OKEOneok	0.78%	$73.3m	843.4K	+2.4% Added
CATCaterpillar Inc.	0.78%	$73.2m	68.7K	−5.4% Reduced
PAGPPlains GP Holdings LP	0.76%	$71.4m	2.94M	+0.2%
STWDStarwood Property Trust, Inc.	0.74%	$70.1m	4.28M	+6.9% Added
DGXQuest Diagnostics	0.73%	$69.4m	327.6K	+0.1%
VZVerizon	0.72%	$68.4m	1.62M	+2.3% Added
KOThe Coca-Cola Company	0.71%	$67.1m	825.1K	−2.5% Reduced
NLYAnnaly Capital Management Inc	0.71%	$66.8m	2.99M	+2.4% Added
PFEPfizer	0.69%	$65.1m	2.70M	+2.8% Added
ARCCAres Capital Corp	0.67%	$63.1m	3.41M	−13.4% Reduced
QCOMQualcomm	0.66%	$62.4m	337.5K	−26.7% Reduced
MCDMcDonald's	0.65%	$61.8m	228.6K	+3.1% Added
WMBWilliams Companies	0.63%	$59.7m	803.0K	+0.5%
BMYBristol Myers Squibb	0.63%	$59.3m	1.03M	+2.0% Added
WSMWilliams-Sonoma, Inc.	0.62%	$58.9m	252.8K	−0.7% Reduced
OUTOutfront Media Inc.	0.62%	$58.2m	1.78M	+1.0% Added
HDThe Home Depot	0.61%	$57.9m	164.1K	+9.1% Added
STXSeagate Technology	0.61%	$57.5m	59.6K	−46.1% Reduced
WFCWells Fargo	0.55%	$52.1m	630.1K	+3.8% Added
DELLDell Technologies	0.54%	$51.4m	119.1K	−15.1% Reduced
TDToronto Dominion Bank	0.53%	$50.4m	415.3K	−4.6% Reduced
SJMThe J.M. Smucker Company	0.53%	$50.4m	447.8K	+3.1% Added
SBRASabra Health Care Reit, Inc.	0.52%	$49.3m	2.53M	+3.8% Added
PEPPepsiCo	0.50%	$47.4m	349.8K	+3.1% Added
MAMastercard	0.50%	$46.8m	91.2K	+2.3% Added
OHIOmega Healthcare Investors Inc	0.49%	$46.5m	975.9K	+3.6% Added
LLYLilly (Eli)	0.49%	$46.2m	38.5K	+305.0% Added
LMTLockheed Martin	0.49%	$45.9m	90.1K	+5.2% Added
METAMeta Platforms	0.48%	$45.1m	80.0K	+6.0% Added
COSTCostco	0.48%	$45.0m	48.1K	+2.6% Added
ETNEaton Corporation	0.46%	$43.8m	102.8K	−1.2% Reduced
FTAIFTAI Aviation Ltd.	0.46%	$43.2m	159.8K	−2.3% Reduced
PGProcter & Gamble	0.45%	$42.9m	292.3K	+1.5% Added
TGTTarget Corporation	0.43%	$40.8m	312.0K	+0.6% Added
ULUnilever PLC	0.43%	$40.7m	677.8K	+4.0% Added
MOAltria	0.42%	$39.7m	551.8K	+3.2% Added
MDTMedtronic	0.40%	$38.0m	486.0K	+2.4% Added
MCKMcKesson	0.40%	$38.0m	50.2K	+5.5% Added
DEDeere & Company	0.40%	$37.6m	59.3K	−0.8% Reduced
LRCXLam Research	0.39%	$36.5m	84.2K	−6.8% Reduced
URIUnited Rentals	0.39%	$36.5m	32.2K	+0.8% Added
NEENextEra Energy	0.39%	$36.4m	414.5K	+1.5% Added
AGNCAGNC Investment Corp.	0.38%	$35.4m	3.25M	+4.8% Added
ROSTRoss Stores	0.37%	$35.1m	164.8K	+0.3%
BLKBlackRock	0.36%	$33.8m	35.2K	−0.2%
DOCHealthpeak Properties	0.36%	$33.7m	1.58M	+5.0% Added
KNTKKinetik Holdings Inc.	0.35%	$33.3m	689.8K	+3.6% Added
CBChubb Limited	0.35%	$33.2m	97.5K	+2.2% Added
TMOThermo Fisher Scientific	0.35%	$33.1m	66.1K	+1.3% Added
AMDAdvanced Micro Devices	0.34%	$32.5m	56.0K	−9.1% Reduced
NFLXNetflix	0.34%	$32.3m	452.9K	+19.5% Added
CASYCasey's	0.34%	$31.8m	40.0K	−8.3% Reduced
PLDPrologis	0.34%	$31.6m	233.5K	+1.3% Added
LTCLTC Properties Inc	0.33%	$31.1m	810.1K	+3.4% Added
EPREPR Properties	0.32%	$30.6m	527.1K	+3.9% Added
MPTMedical Properties Trust Inc	0.32%	$30.5m	6.60M	+3.5% Added
HBANHuntington Bancshares	0.32%	$29.7m	1.68M	New
LINLinde plc	0.31%	$29.4m	56.6K	+2.3% Added
SYKStryker Corporation	0.30%	$28.2m	89.5K	+29.3% Added
VVisa Inc.	0.30%	$28.2m	82.1K	+4.8% Added
CVSCVS Health	0.29%	$27.8m	268.4K	+1.9% Added
SBUXStarbucks	0.29%	$27.5m	268.7K	+0.6% Added
KMBKimberly-Clark	0.29%	$27.2m	247.8K	New
TMUST-Mobile US	0.29%	$27.2m	162.0K	+1.6% Added
HSTHost Hotels & Resorts	0.29%	$27.0m	1.14M	−34.8% Reduced
AMGNAmgen	0.28%	$26.8m	73.9K	+0.8% Added
AONAon plc	0.28%	$26.5m	79.9K	−7.6% Reduced
EBAYeBay Inc.	0.28%	$26.0m	232.9K	+1.0% Added
CMECME Group	0.27%	$25.9m	117.2K	+2.9% Added
WMTWalmart	0.27%	$25.8m	227.4K	+1.0% Added
CWENClearway Energy, Inc.	0.27%	$25.7m	752.0K	New
TELTE Connectivity	0.27%	$25.6m	127.1K	+2.3% Added
AXPAmerican Express	0.25%	$23.6m	69.9K	+57.5% Added
MRKMerck & Co.	0.24%	$23.1m	179.6K	+3.5% Added
ULTAUlta Beauty	0.24%	$22.9m	50.8K	+1.6% Added
TFCTruist Financial	0.24%	$22.8m	458.0K	+0.6% Added
BXMTBlackstone Mortgage Trust, Inc.	0.23%	$22.2m	1.31M	+8.9% Added
SOSouthern Company	0.23%	$21.9m	229.2K	+1.1% Added
LNCLincoln National Corp	0.23%	$21.9m	619.9K	+5.9% Added
COLDAmericold Realty Trust	0.21%	$19.9m	1.26M	+4.5% Added
PKPark Hotels & Resorts Inc.	0.20%	$19.2m	1.34M	+9904.0% Added
UBERUber	0.19%	$17.7m	245.4K	+3979.8% Added
AEMAgnico Eagle Mines LTD	0.18%	$17.4m	111.9K	−12.9% Reduced
HSYThe Hershey Company	0.16%	$15.2m	86.5K	+0.7% Added
TSLXSixth Street Specialty Lending, Inc.	0.16%	$14.8m	864.1K	+10.0% Added
FISFidelity National Information Services	0.16%	$14.8m	379.4K	−26.9% Reduced
TNLTravel & Leisure Co.	0.15%	$14.6m	190.7K	−52.8% Reduced
HTGCHercules Capital, Inc.	0.15%	$14.5m	919.5K	+7.4% Added
PSXPhillips 66	0.15%	$13.8m	81.6K	+3.5% Added
GEGE Aerospace	0.14%	$13.3m	35.6K	+7.0% Added
KLACKLA Corporation	0.14%	$13.3m	44.0K	+891.7% Added
EMREmerson Electric	0.14%	$12.9m	90.0K	+2.4% Added
DOWDow Inc.	0.14%	$12.8m	468.5K	−59.2% Reduced
RITMRithm Capital Corp.	0.14%	$12.7m	1.36M	+6.4% Added
TSLATesla, Inc.	0.13%	$12.4m	29.5K	−6.1% Reduced
QXOQXO, Inc.	0.13%	$12.3m	713.6K	+3.2% Added
SCHWCharles Schwab Corporation	0.13%	$12.2m	132.2K	+0.7% Added
VIRTVirtu Financial, Inc.	0.12%	$11.0m	185.3K	−4.8% Reduced
PCORProcore Technologies, Inc.	0.12%	$10.9m	268.9K	+94.3% Added
DHRDanaher Corporation	0.11%	$10.8m	56.5K	−2.1% Reduced
TKRTimken Co	0.11%	$10.4m	71.5K	−2.2% Reduced
CCBCoastal Financial Corp	0.11%	$10.4m	133.6K	+2.8% Added
ZTSZoetis	0.11%	$10.3m	143.2K	−2.6% Reduced
METMetLife	0.11%	$10.2m	120.3K	+3.0% Added
ALLEAllegion	0.11%	$10.1m	71.9K	−2.9% Reduced
JLLJones Lang Lasalle Inc	0.10%	$9.7m	31.4K	+6.0% Added
LHXL3Harris	0.10%	$9.6m	32.9K	−0.2%
PLTRPalantir Technologies Inc.	0.10%	$9.4m	80.7K	−0.1%
WMWaste Management	0.10%	$9.3m	41.9K	+3.1% Added
CEGConstellation Energy	0.10%	$9.2m	37.1K	−1.5% Reduced
MPLXMplx LP	0.09%	$8.9m	157.8K	+0.5% Added
PJTPJT Partners Inc.	0.09%	$8.9m	58.7K	−4.0% Reduced
OCOwens Corning	0.09%	$8.5m	53.3K	−3.3% Reduced
AAgilent Technologies	0.09%	$8.3m	62.5K	+1.6% Added
WSOWatsco Inc	0.09%	$8.3m	19.9K	−1.8% Reduced
AMATApplied Materials	0.08%	$7.9m	11.0K	+17.9% Added
GWREGuidewire Software, Inc.	0.08%	$7.2m	58.7K	−5.4% Reduced
EVREvercore Inc.	0.08%	$7.1m	20.9K	−3.5% Reduced
UNHUnitedHealth Group	0.07%	$6.9m	16.7K	−0.9% Reduced
IDXXIdexx Laboratories	0.07%	$6.5m	12.3K	+3.7% Added
KTOSKratos Defense & Security Solutions, Inc.	0.07%	$6.5m	129.6K	+10.1% Added
POOLPool Corp	0.07%	$6.2m	29.1K	−3.0% Reduced
MSCIMSCI	0.07%	$6.1m	10.9K	+1.6% Added
PNCPNC Financial Services	0.07%	$6.1m	24.8K	+1.7% Added
TOLToll Brothers, Inc.	0.06%	$5.9m	35.6K	−2.4% Reduced

Company	Bought (value)	Shares
ORCLOracle Corporation	$40.7m	278.0K
LLYLilly (Eli)	$34.8m	29.0K
HBANHuntington Bancshares	$29.7m	1.68M
KMBKimberly-Clark	$27.2m	247.8K
CWENClearway Energy, Inc.	$25.7m	752.0K
PKPark Hotels & Resorts Inc.	$19.0m	1.33M
UBERUber	$17.3m	239.4K
KLACKLA Corporation	$11.9m	39.5K
NVDANVIDIA Corporation	$11.0m	54.8K
AAPLApple Inc.	$10.6m	36.8K
AXPAmerican Express	$8.6m	25.5K
SYKStryker Corporation	$6.4m	20.3K
MELIMercadolibre Inc	$5.7m	3.3K
PCORProcore Technologies, Inc.	$5.3m	130.5K
NFLXNetflix	$5.3m	73.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
STXSeagate Technology	−$49.3m	−51.1K
MTBM&T Bank	−$47.8m	−201.0K
CCitigroup	−$42.9m	−306.6K
KVUEKenvue	−$35.6m	−1.86M
ABBVAbbVie	−$24.2m	−96.3K
QCOMQualcomm	−$22.7m	−123.1K
DOWDow Inc.	−$18.6m	−679.1K
WHRWhirlpool Corp	−$17.2m	−318.4K
PMPhilip Morris International	−$16.4m	−90.9K
TNLTravel & Leisure Co.	−$16.3m	−213.6K
ABTAbbott Laboratories	−$15.0m	−165.3K
HSTHost Hotels & Resorts	−$14.4m	−607.4K
CRMSalesforce	−$13.7m	−87.2K
CVXChevron Corporation	−$12.2m	−73.6K
ARCCAres Capital Corp	−$9.8m	−526.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
WHRWhirlpool Corp	$17.2m	318.4K
GEHCGE HealthCare	$782,778	11.0K
BDXBecton Dickinson	$319,785	2.0K
FERGFerguson Enterprises	$252,117	1.1K
BRBroadridge Financial Solutions	$251,380	1.5K
TMToyota Motor Corp/	$250,443	1.2K
BXSLBlackstone Secured Lending Fund	$227,897	9.6K
TRMBTrimble Inc.	$216,563	3.3K
CPRTCopart	$211,284	6.4K
NVONovo Nordisk A S	$207,089	5.6K
IRIngersoll Rand	$205,705	2.6K

Technology29.0%
Financials15.8%
Health Care10.7%
Industrials8.5%
Consumer Staples8.1%
Consumer Discretionary7.7%
Real Estate6.3%
Energy6.2%
Communication Services4.2%
Utilities2.4%
Materials1.0%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestNovember 4, 2016 to November 2, 2026	+15.0%	+15.6%	0.72	0.78	−38.3%	1.01
2018 onwardsJanuary 5, 2018 to November 2, 2026	+12.8%	+13.9%	0.59	0.66	−38.3%	1.01
Last three yearsNovember 3, 2023 to November 2, 2026	+23.4%	+21.8%	1.38	1.16	−15.0%	0.84
Last yearNovember 7, 2025 to November 2, 2026	+17.0%	+14.2%	1.32	0.84	−6.5%	0.66

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.