Asset manager

Hotchkis & Wiley Capital Management LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1164833

Reported value: $34.3bn
Positions we cover: 445
Copy, a year: +13.4%
Copy Sharpe ratio: 0.63

How copying its 13F would have done

CopyS&P 500 $10,000 copying Hotchkis & Wiley Capital Management LLC's filed holdings in companies we cover from August 16, 2013, 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 −43.8% (S&P 500 −31.8%); beta 1.07; alpha −0.8% a year (t = −0.28); last 12 months +27.2% against +12.1%.

Reported value by quarter

Hotchkis & Wiley 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
2013-06-30	$20B
2013-09-30	$21.7B
2013-12-31	$23.4B
2014-03-31	$26.9B
2014-06-30	$28.3B
2014-09-30	$27.4B
2014-12-31	$28.6B
2015-03-31	$28.7B
2015-06-30	$28.3B
2015-09-30	$24.9B
2015-12-31	$24.6B
2016-03-31	$23.8B
2016-06-30	$23.4B
2016-09-30	$23.9B
2016-12-31	$24.8B
2017-03-31	$25.5B
2017-06-30	$24.9B
2017-09-30	$25.4B
2017-12-31	$26.5B
2018-03-31	$25.3B
2018-06-30	$26.5B
2018-09-30	$27.9B
2018-12-31	$22.7B
2019-03-31	$25.5B
2019-06-30	$26.1B
2019-09-30	$24.8B
2019-12-31	$28.8B
2020-03-31	$17.8B
2020-06-30	$21.5B
2020-09-30	$22B
2020-12-31	$28.5B
2021-03-31	$32.8B
2021-06-30	$32.8B
2021-09-30	$31.3B
2021-12-31	$31.7B
2022-03-31	$31.3B
2022-06-30	$25.1B
2022-09-30	$23.3B
2022-12-31	$26T
2023-03-31	$25.9B
2023-06-30	$26.9B
2023-09-30	$26.3B
2023-12-31	$28B
2024-03-31	$30B
2024-06-30	$28.6B
2024-09-30	$30.1B
2024-12-31	$30B
2025-03-31	$29.9B
2025-06-30	$30.8B
2025-09-30	$32.2B
2025-12-31	$33.4B
2026-03-31	$32.4B
2026-06-30	$34.3B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
WDAYWorkday, Inc.	4.53%	$1.6bn	12.68M	+19.0% Added
APAAPA Corporation	3.01%	$1.0bn	31.70M	−1.0% Reduced
AIGAmerican International Group	2.57%	$882.5m	11.84M	+15.7% Added
FFIVF5, Inc.	2.50%	$857.5m	2.06M	−55.0% Reduced
GEHCGE HealthCare	2.29%	$784.2m	12.25M	+22.9% Added
ELVElevance Health	2.27%	$779.7m	2.02M	−8.0% Reduced
PPGPPG Industries	2.24%	$768.0m	6.33M	+2.8% Added
ERICEricsson LM Telephone Co	2.23%	$766.0m	68.70M	−16.5% Reduced
CMCSAComcast	2.15%	$738.6m	30.08M	+12.3% Added
DDominion Energy	1.97%	$675.7m	9.89M	−12.8% Reduced
USBU.S. Bancorp	1.86%	$638.2m	10.57M	−6.5% Reduced
CCitigroup	1.86%	$636.6m	4.55M	−35.3% Reduced
GMGeneral Motors	1.75%	$601.3m	7.80M	−7.6% Reduced
WFCWells Fargo	1.72%	$588.3m	7.12M	+12.7% Added
MGAMagna International Inc	1.68%	$577.5m	8.80M	−10.7% Reduced
CICigna	1.63%	$558.0m	2.02M	+307.2% Added
CRMSalesforce	1.61%	$552.3m	3.53M	−4.6% Reduced
CNHCNH Industrial N.V.	1.61%	$550.8m	49.05M	+12.4% Added
CDWCDW Corporation	1.55%	$531.3m	3.78M	+86.3% Added
FISVFiserv	1.50%	$513.5m	10.47M	+79.4% Added
OMCOmnicom Group	1.46%	$500.2m	6.87M	+27.7% Added
SHELShell plc	1.40%	$480.7m	6.20M	+0.9% Added
OVVOvintiv Inc.	1.33%	$457.8m	8.70M	+2.3% Added
MDTMedtronic	1.32%	$452.9m	5.79M	+20.8% Added
FDXFedEx	1.27%	$436.6m	1.39M	−12.2% Reduced
UNHUnitedHealth Group	1.25%	$430.3m	1.04M	−41.5% Reduced
PCARPaccar	1.21%	$416.2m	3.46M	−1.3% Reduced
SAPSAP SE	1.13%	$386.6m	2.51M	+878.1% Added
TFCTruist Financial	1.08%	$369.4m	7.41M	−1.6% Reduced
GOOGLAlphabet Inc. (Class A)	1.06%	$362.4m	1.01M	−6.9% Reduced
KHCKraft Heinz	1.05%	$358.9m	15.20M	−0.5%
HUMHumana	1.02%	$348.9m	878.4K	−45.4% Reduced
SWKStanley Black & Decker	1.00%	$343.5m	3.65M	+13.3% Added
STTState Street Corporation	0.99%	$339.4m	2.00M	−52.8% Reduced
CRBGCorebridge Financial, Inc.	0.97%	$333.4m	11.64M	+28.2% Added
MDLZMondelez International	0.97%	$332.8m	5.75M	+2.4% Added
STZConstellation Brands	0.97%	$332.7m	2.39M	+35.6% Added
FCNCAFirst Citizens Bancshares Inc	0.94%	$322.4m	155.0K	+16.7% Added
OLNOlin Corp	0.93%	$317.5m	16.02M	+6.2% Added
SLBSchlumberger	0.92%	$314.5m	6.76M	−30.3% Reduced
SJMThe J.M. Smucker Company	0.92%	$314.3m	2.79M	+27.6% Added
GPCGenuine Parts Company	0.91%	$313.5m	2.66M	+52.1% Added
BACBank of America	0.88%	$302.4m	5.31M	+16.9% Added
APTVAptiv	0.88%	$301.1m	4.91M	+43.4% Added
NOVNOV Inc.	0.78%	$266.3m	14.35M	−3.8% Reduced
TELTE Connectivity	0.75%	$258.6m	1.28M	+60.4% Added
WPPWPP plc	0.75%	$258.3m	16.68M	+11.2% Added
FLRFluor Corp	0.71%	$242.9m	4.64M	+15.3% Added
QCOMQualcomm	0.71%	$242.2m	1.31M	New
FISFidelity National Information Services	0.70%	$240.3m	6.18M	+92.1% Added
ZBHZimmer Biomet	0.69%	$237.7m	2.76M	−1.1% Reduced
NSCNorfolk Southern	0.67%	$228.8m	727.1K	−2.0% Reduced
FTVFortive	0.64%	$221.0m	3.62M	−0.8% Reduced
LHLabcorp	0.61%	$207.8m	742.0K	−0.2%
CTSHCognizant	0.56%	$192.2m	4.96M	+92.2% Added
BABoeing	0.55%	$189.3m	874.4K	−0.5%
SLMSLM Corp	0.55%	$187.2m	7.22M	+11.3% Added
COPConocoPhillips	0.54%	$185.8m	1.79M	+4.8% Added
GSKGSK plc	0.52%	$178.9m	3.41M	−2.0% Reduced
CMICummins	0.51%	$174.1m	244.0K	−61.0% Reduced
LDOSLeidos	0.49%	$169.4m	1.64M	New
DEDeere & Company	0.48%	$165.6m	261.1K	−0.4%
CNCCentene Corporation	0.48%	$164.4m	2.56M	−3.7% Reduced
STGWStagwell Inc	0.46%	$158.4m	21.31M	−7.6% Reduced
ULUnilever PLC	0.45%	$154.3m	2.57M	−2.0% Reduced
GDGeneral Dynamics	0.43%	$147.1m	415.2K	−0.1%
LADLithia Motors Inc	0.41%	$142.3m	490.0K	−2.6% Reduced
CHKPCheck Point Software Technologies LTD	0.38%	$131.3m	998.7K	New
LMTLockheed Martin	0.38%	$130.7m	256.5K	New
AVTAvnet Inc	0.37%	$127.8m	1.44M	−6.7% Reduced
PPLPPL Corporation	0.36%	$125.3m	3.45M	−32.1% Reduced
WKWorkiva Inc	0.36%	$125.1m	2.58M	+53.5% Added
BWABorgwarner Inc	0.34%	$117.2m	1.76M	−16.1% Reduced
CFGCitizens Financial Group	0.32%	$108.0m	1.54M	−33.2% Reduced
CRCCalifornia Resources Corp	0.28%	$94.4m	1.79M	+41.6% Added
MURMurphy OIL Corp	0.26%	$89.2m	2.74M	+0.6% Added
EEFTEuronet Worldwide, Inc.	0.25%	$87.0m	1.19M	+6.3% Added
FHBFirst Hawaiian, Inc.	0.24%	$83.5m	2.85M	+1.9% Added
UHSUniversal Health Services	0.22%	$75.9m	510.5K	+115.2% Added
CAGConagra Brands Inc.	0.22%	$75.6m	5.62M	+16.9% Added
RUSHARush Enterprises Inc \tx\	0.19%	$65.6m	898.3K	+2.8% Added
TKRTimken Co	0.18%	$62.0m	426.7K	−72.8% Reduced
BPOPPopular, Inc.	0.17%	$59.0m	359.6K	−22.7% Reduced
OGEOGE Energy Corp.	0.17%	$58.4m	1.20M	+10.0% Added
MSFTMicrosoft Corporation	0.17%	$58.4m	156.5K	+93.5% Added
DOXAmdocs LTD	0.17%	$58.0m	1.15M	−1.1% Reduced
JLLJones Lang Lasalle Inc	0.17%	$57.1m	184.1K	+43.2% Added
SOLVSolventum	0.16%	$55.8m	723.6K	+4.4% Added
WEXWEX Inc.	0.16%	$54.6m	387.0K	+63.6% Added
BCOBrinks Co	0.16%	$53.7m	568.1K	+26.5% Added
SFStifel Financial Corp	0.15%	$52.8m	757.1K	+32.4% Added
VACMarriott Vacations Worldwide Corp	0.15%	$50.8m	498.9K	−49.8% Reduced
AREAlexandria Real Estate Equities	0.14%	$48.3m	913.3K	−25.2% Reduced
LIVNLivanova PLC	0.14%	$46.1m	561.1K	+0.8% Added
ADNTAdient plc	0.13%	$45.2m	2.46M	+6.3% Added
NTBBank Of N.t. Butterfield & Son Ltd	0.13%	$44.4m	745.4K	−7.4% Reduced
VGNTVersigent PLC	0.13%	$43.6m	1.04M	+3631.6% Added
RHIRobert Half Inc.	0.12%	$41.7m	1.36M	+1.3% Added
KOSKosmos Energy Ltd.	0.12%	$39.8m	18.84M	−6.0% Reduced
ASBAssociated Banc-corp	0.11%	$39.0m	1.27M	+1.7% Added
HIIHuntington Ingalls Industries	0.11%	$36.6m	130.8K	+23.9% Added
NCMINational Cinemedia, Inc.	0.10%	$35.9m	9.45M	+19.7% Added
AVAAvista Corp	0.10%	$35.8m	875.8K	+4.4% Added
LEALear Corp	0.10%	$33.1m	246.6K	−15.0% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	0.09%	$31.7m	66.4K	−4.1% Reduced
ZIONZions Bancorporation, National Association	0.09%	$30.9m	447.3K	+3.3% Added
HMNHorace Mann Educators Corp	0.08%	$28.4m	549.8K	+2.0% Added
CRGYCrescent Energy Co	0.08%	$28.3m	2.88M	+12.4% Added
MLRMiller Industries Inc	0.08%	$26.5m	518.7K	−0.4%
BKHBlack Hills Corp	0.08%	$26.4m	354.7K	+0.6% Added
BMRNBiomarin Pharmaceutical Inc	0.07%	$25.6m	447.2K	New
OCFCOceanfirst Financial Corp	0.07%	$25.3m	1.30M	+87.4% Added
GBXGreenbrier Companies Inc	0.07%	$23.4m	476.7K	+19.2% Added
VNTVontier Corp	0.06%	$21.1m	727.4K	+21.6% Added
GBLIGlobal Indemnity Group, LLC	0.06%	$20.9m	837.5K	−8.0% Reduced
WAFDWafd Inc	0.06%	$20.5m	533.5K	+0.3%
FBINFortune Brands Innovations, Inc.	0.06%	$20.3m	370.0K	+43.8% Added
ARWArrow Electronics, Inc.	0.06%	$20.0m	93.6K	−19.8% Reduced
WFRDWeatherford International plc	0.05%	$17.7m	217.2K	+27.2% Added
UPBDUpbound Group, Inc.	0.05%	$17.7m	831.8K	+12.8% Added
ECVTEcovyst Inc.	0.05%	$17.5m	1.40M	−74.1% Reduced
CXTCrane NXT, Co.	0.05%	$17.3m	338.6K	+34.1% Added
BRBRBellring Brands, Inc.	0.05%	$16.8m	1.30M	+75.5% Added
MOHMolina Healthcare, Inc.	0.05%	$16.8m	73.4K	−23.1% Reduced
REYNReynolds Consumer Products Inc.	0.05%	$16.5m	614.1K	+9.6% Added
IPARInterparfums Inc	0.05%	$16.5m	147.4K	+10.6% Added
BNYBNY Mellon	0.05%	$16.5m	113.9K	+21.2% Added
AXTAAxalta Coating Systems Ltd.	0.05%	$16.1m	471.3K	+14.3% Added
MSBIMidland States Bancorp, Inc.	0.05%	$16.1m	517.3K	−4.3% Reduced
PKPark Hotels & Resorts Inc.	0.05%	$16.1m	1.13M	−2.5% Reduced
NEXTNextdecade Corp	0.05%	$16.1m	2.13M	+12.2% Added
CROXCrocs, Inc.	0.05%	$16.0m	132.6K	−2.4% Reduced
SMPLSimply Good Foods Co	0.05%	$16.0m	1.20M	+54.0% Added
MYEMyers Industries Inc	0.05%	$15.9m	450.3K	−5.6% Reduced
WENWendy's Co	0.05%	$15.9m	1.91M	+15.1% Added
SAHSonic Automotive Inc	0.04%	$15.5m	183.1K	−15.8% Reduced
PEBPebblebrook Hotel Trust	0.04%	$15.5m	798.5K	−16.2% Reduced
LNTHLantheus Holdings, Inc.	0.04%	$15.4m	139.2K	−25.3% Reduced
DCOMDime Commercial Bancshares, Inc.	0.04%	$15.4m	379.8K	−3.3% Reduced
BFHBread Financial Holdings, Inc.	0.04%	$15.4m	142.3K	−22.1% Reduced
CFFNCapitol Federal Financial, Inc.	0.04%	$15.4m	1.81M	−1.1% Reduced
HAFCHanmi Financial Corp	0.04%	$15.3m	472.5K	−3.5% Reduced
UFPIUFP Industries Inc	0.04%	$15.3m	168.6K	+33.5% Added
TRSTTrustco Bank Corp N Y	0.04%	$15.3m	278.4K	−4.5% Reduced
TNLTravel & Leisure Co.	0.04%	$15.3m	199.7K	+4.6% Added
HOPEHope Bancorp Inc	0.04%	$15.3m	1.12M	−1.8% Reduced
MSMMSC Industrial Direct Co Inc	0.04%	$15.2m	128.2K	−9.7% Reduced
BUSEFirst Busey Corp	0.04%	$15.2m	514.8K	−1.3% Reduced
CNOBConnectone Bancorp, Inc.	0.04%	$15.2m	453.5K	−12.3% Reduced
EGBNEagle Bancorp Inc	0.04%	$15.2m	533.7K	+3.0% Added

Company	Bought (value)	Shares
CICigna	$421.0m	1.53M
SAPSAP SE	$347.1m	2.25M
WDAYWorkday, Inc.	$247.7m	2.02M
CDWCDW Corporation	$246.1m	1.75M
QCOMQualcomm	$242.2m	1.31M
FISVFiserv	$227.3m	4.63M
LDOSLeidos	$169.4m	1.64M
GEHCGE HealthCare	$146.1m	2.28M
CHKPCheck Point Software Technologies LTD	$131.3m	998.7K
LMTLockheed Martin	$130.7m	256.5K
AIGAmerican International Group	$120.0m	1.61M
FISFidelity National Information Services	$115.2m	2.96M
OMCOmnicom Group	$108.6m	1.49M
GPCGenuine Parts Company	$107.4m	910.6K
TELTE Connectivity	$97.4m	483.1K

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

Company	Sold (value)	Shares
FFIVF5, Inc.	−$1.0bn	−2.52M
STTState Street Corporation	−$379.0m	−2.23M
CCitigroup	−$346.8m	−2.48M
UNHUnitedHealth Group	−$305.0m	−733.8K
HUMHumana	−$290.2m	−730.6K
CMICummins	−$272.5m	−382.0K
CVSCVS Health	−$200.7m	−2.79M
HIGThe Hartford	−$183.2m	−1.36M
TKRTimken Co	−$165.5m	−1.14M
ERICEricsson LM Telephone Co	−$151.2m	−13.56M
SLBSchlumberger	−$136.8m	−2.94M
DDominion Energy	−$99.3m	−1.45M
MGAMagna International Inc	−$68.9m	−1.05M
ELVElevance Health	−$67.8m	−175.4K
FDXFedEx	−$60.8m	−194.3K

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

Company	Value last quarter	Shares
CVSCVS Health	$200.7m	2.79M
HIGThe Hartford	$183.2m	1.36M
WCCWesco International Inc	$2.0m	7.5K
PETSPetmed Express Inc	$1.2m	514.5K

Financials20.7%
Technology18.0%
Health Care13.2%
Industrials12.2%
Energy9.6%
Consumer Discretionary7.9%
Communication Services6.1%
Consumer Staples5.1%
Materials3.6%
Utilities3.0%
Real Estate0.6%

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 backtestAugust 16, 2013 to November 2, 2026	+13.4%	+14.1%	0.63	0.78	−43.8%	1.07
2018 onwardsJanuary 5, 2018 to November 2, 2026	+11.8%	+13.9%	0.49	0.66	−43.8%	1.06
Last three yearsNovember 3, 2023 to November 2, 2026	+20.4%	+21.8%	1.03	1.16	−16.7%	0.71
Last yearNovember 7, 2025 to November 2, 2026	+27.9%	+14.2%	1.89	0.84	−6.4%	0.33

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.