AMALGAMATED BANK

Diversified mechanical Mechanical CIK 919192
League rank
#52
in Diversified mechanical · #1597 overall
Long book
$13.07B
Q1 2026
Positions
1618
Top-10 weight
32%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
46%
of book per quarter

Strategy in plain words

auto-generated from filings

AMALGAMATED BANK is a mechanically diversified allocator, running a $13.07B US long book across 1618 positions.

The portfolio is moderately concentrated (top 10 ≈ 32% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, APPLE INC, MICROSOFT CORP, AMAZON.COM INC, ALPHABET INC-CL A.

Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+3.0%
Q2 2024
+6.2%
Q3 2024
+2.3%
Q4 2024
-4.8%
Q1 2025
+10.6%
Q2 2025
+7.9%
Q3 2025
+2.3%
Q4 2025
-3.8%
Q1 2026
+15.0%

Sector allocation

Technology
38%
Industrials
12%
Financials
11%
Consumer discretionary
10%
Healthcare
8%
Services media
5%
Utilities
3%
Other
3%

Long book by quarter

$11.69B
Q1 2024
$11.74B
Q2 2024
$12.14B
Q3 2024
$12.18B
Q4 2024
$11.69B
Q1 2025
$12.95B
Q2 2025
$14.00B
Q3 2025
$13.86B
Q4 2025
$13.07B
Q1 2026

What does AMALGAMATED BANK own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology5.0M$866.3M6.6%-2.2%
AAPL APPLE INCTechnology3.0M$767.5M5.9%-2.6%
MSFT MICROSOFT CORPTechnology1.5M$570.2M4.4%-1.8%
AMZN AMAZON.COM INCConsumer discretionary1.9M$404.4M3.1%-2.2%
GOOGL ALPHABET INC-CL ATechnology1.2M$335.6M2.6%-1.3%
AVGO BROADCOM INCTechnology975.5K$301.9M2.3%-1.6%
GOOG ALPHABET INC-CL CTechnology941.8K$270.2M2.1%-0.9%
META META PLATFORMS INC-CLASS ATechnology445.5K$254.9M2.0%-4.4%
TSLA TESLA INCIndustrials582.8K$216.6M1.7%-3.0%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials337.4K$161.7M1.2%-0.2%
LLY ELI LILLY & COHealthcare167.3K$153.9M1.2%-3.3%
JPM JPMORGAN CHASE & COFinancials490.3K$144.2M1.1%-2.3%
XOM EXXON MOBIL CORPEnergy789.4K$133.9M1.0%-0.5%
JNJ JOHNSON & JOHNSONHealthcare444.6K$108.7M0.8%+0.4%
V VISA INC-CLASS A SHARESServices media353.7K$106.9M0.8%-3.1%
WMT WALMART INCConsumer discretionary815.0K$101.3M0.8%-0.9%
COST COSTCO WHOLESALE CORPConsumer discretionary93.5K$93.2M0.7%-2.9%
NFLX NETFLIX INCServices media890.5K$85.6M0.7%-4.7%
MA MASTERCARD INC - AServices media170.4K$85.2M0.7%-3.4%
ABBV ABBVIE INCHealthcare374.2K$81.4M0.6%-2.5%
MU MICRON TECHNOLOGY INCTechnology230.9K$78.0M0.6%+3.8%
CVX CHEVRON CORPEnergy355.4K$73.5M0.6%+0.1%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology481.0K$70.4M0.5%-2.2%
HD HOME DEPOT INCConsumer discretionary202.4K$66.6M0.5%-3.2%
AMD ADVANCED MICRO DEVICESTechnology324.9K$66.1M0.5%-3.0%
CAT CATERPILLAR INCIndustrials89.5K$63.4M0.5%-0.4%
GE GENERAL ELECTRICIndustrials220.8K$62.7M0.5%-3.2%
PG PROCTER & GAMBLE CO/THEOther422.5K$61.0M0.5%-1.8%
BAC BANK OF AMERICA CORPFinancials1.2M$59.5M0.5%-3.5%
LRCX LAM RESEARCH CORPIndustrials277.2K$59.2M0.5%-1.6%
KO COCA-COLA CO/THEConsumer staples761.2K$57.9M0.4%-1.5%
CSCO CISCO SYSTEMS INCTechnology731.7K$56.8M0.4%+0.4%
MRK MERCK & CO. INC.Healthcare458.6K$55.2M0.4%-1.2%
AMAT APPLIED MATERIALS INCTechnology159.7K$54.6M0.4%-1.3%
ORCL ORACLE CORPTechnology356.8K$52.5M0.4%-3.6%
GEV GE VERNOVA INCIndustrials57.6K$50.3M0.4%-4.9%
PM PHILIP MORRIS INTERNATIONALConsumer staples290.3K$48.0M0.4%+0.9%
RTX RTX CORPIndustrials247.3K$47.7M0.4%-0.1%
GS GOLDMAN SACHS GROUP INCFinancials54.8K$46.3M0.4%-1.9%
WFC WELLS FARGO & COFinancials569.3K$45.3M0.3%-4.0%
UNH UNITEDHEALTH GROUP INCFinancials163.8K$44.3M0.3%-4.8%
KLAC KLA CORPOther28.8K$42.4M0.3%-1.9%
LIN LINDE PLCMaterials84.9K$42.1M0.3%-1.4%
IBM INTL BUSINESS MACHINES CORPTechnology172.4K$41.8M0.3%-0.1%
MCD MCDONALD'S CORPConsumer discretionary130.8K$40.7M0.3%-1.2%
VZ VERIZON COMMUNICATIONS INCCommunications804.5K$40.4M0.3%+2.8%
PEP PEPSICO INCConsumer staples255.9K$39.7M0.3%-0.8%
T AT&T INCCommunications1.4M$39.6M0.3%+3.2%
AMGN AMGEN INCHealthcare111.2K$39.1M0.3%-1.2%
C CITIGROUP INCFinancials327.3K$37.1M0.3%-4.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 8, 20261618$13.07B $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 5, 20262983$13.86B $K fixed canonicalSEC ↗
Q3 202513F-HROct 29, 20252995$114.09B $K fixed canonicalSEC ↗
Q2 202513F-HRAug 4, 20253014$113.59B $K fixed canonicalSEC ↗
Q1 202513F-HRApr 25, 20252971$11.69B $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 4, 20252987$12.18B $K fixed canonicalSEC ↗
Q3 202413F-HROct 30, 20243000$12.14B $K fixed canonicalSEC ↗
Q2 202413F-HRAug 12, 20243013$11.74B $K fixed canonicalSEC ↗
Q1 202413F-HRApr 23, 20242966$11.69B $K fixed canonicalSEC ↗