EVERGREEN CAPITAL MANAGEMENT LLC

Diversified mechanical Mechanical CIK 1260824
League rank
#198
in Diversified mechanical · #4832 overall
Long book
$4.61B
Q1 2026
Positions
1498
Top-10 weight
20%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
21%
of book per quarter

Strategy in plain words

auto-generated from filings

EVERGREEN CAPITAL MANAGEMENT LLC is a mechanically diversified allocator, running a $4.61B US long book across 1498 positions.

The portfolio is broadly diversified across 1498 positions (top 10 only 20%). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE MSCI EMERGING, APPLE INC, PACCAR INC, ISHARES 3-7 YEAR TREASURY BO, MICROSOFT CORP.

Over the last 9 quarters its long book ran on average 0.7pp 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
+1.7%
Q2 2024
+5.4%
Q3 2024
+0.4%
Q4 2024
-1.4%
Q1 2025
+6.1%
Q2 2025
+7.0%
Q3 2025
+3.7%
Q4 2025
+0.6%
Q1 2026
+10.4%

Sector allocation

Technology
30%
Industrials
16%
Financials
14%
Energy
8%
Healthcare
7%
Consumer discretionary
7%
Utilities
6%
Services media
5%

Long book by quarter

$2.64B
Q1 2024
$2.76B
Q2 2024
$2.98B
Q3 2024
$3.07B
Q4 2024
$2.98B
Q1 2025
$3.32B
Q2 2025
$4.20B
Q3 2025
$4.47B
Q4 2025
$4.61B
Q1 2026

What does EVERGREEN CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology436.7K$110.8M2.4%-2.4%
PCAR PACCAR INCIndustrials793.6K$91.7M2.0%0.0%
MSFT MICROSOFT CORPTechnology228.2K$84.5M1.8%-13.0%
NVDA NVIDIA CORPTechnology447.1K$78.0M1.7%+6.0%
GOOGL ALPHABET INC-CL ATechnology262.1K$75.4M1.6%-1.8%
GOOG ALPHABET INC-CL CTechnology225.7K$64.7M1.4%-10.7%
AMZN AMAZON.COM INCConsumer discretionary309.0K$64.4M1.4%+3.8%
OVV OVINTIV INCEnergy732.3K$43.5M0.9%0.0%
ECHO ECHOSTAR CORP-ACommunications289.0K$33.8M0.7%-0.1%
EPD ENTERPRISE PRODUCTS PARTNERSUtilities876.3K$33.2M0.7%-2.0%
JPM JPMORGAN CHASE & COFinancials108.4K$31.9M0.7%+14.6%
MRK MERCK & CO. INC.Healthcare262.3K$31.8M0.7%+2.4%
FDX FEDEX CORPIndustrials84.1K$30.1M0.7%-24.1%
DELL DELL TECHNOLOGIES -CTechnology171.3K$28.1M0.6%+11.0%
GS GOLDMAN SACHS GROUP INCFinancials32.9K$27.9M0.6%-59.3%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials53.5K$25.7M0.6%+18.1%
CSCO CISCO SYSTEMS INCTechnology305.4K$23.7M0.5%-12.9%
UBER UBER TECHNOLOGIES INCServices media318.0K$22.9M0.5%+35.5%
AVGO BROADCOM INCTechnology72.2K$22.4M0.5%-16.4%
META META PLATFORMS INC-CLASS ATechnology37.7K$21.6M0.5%-20.2%
COST COSTCO WHOLESALE CORPConsumer discretionary20.5K$20.5M0.4%-4.7%
OKE ONEOK INCUtilities204.0K$18.4M0.4%-6.5%
C CITIGROUP INCFinancials157.0K$17.8M0.4%-1.2%
BAC BANK OF AMERICA CORPFinancials357.2K$17.4M0.4%-13.5%
MU MICRON TECHNOLOGY INCTechnology50.0K$16.9M0.4%-17.3%
ET ENERGY TRANSFER LPUtilities862.6K$16.6M0.4%-1.7%
FANG DIAMONDBACK ENERGY INCEnergy83.8K$16.6M0.4%-23.4%
ORCL ORACLE CORPTechnology111.9K$16.5M0.4%+48.9%
JNJ JOHNSON & JOHNSONHealthcare66.7K$16.3M0.4%-10.8%
TSLA TESLA INCIndustrials40.2K$15.0M0.3%-22.4%
GD GENERAL DYNAMICS CORPIndustrials43.1K$14.8M0.3%+2.4%
LLY ELI LILLY & COHealthcare16.0K$14.7M0.3%+31.2%
MTB M & T BANK CORPFinancials70.4K$14.6M0.3%-0.4%
INTU INTUIT INCTechnology33.7K$14.6M0.3%+495.4%
PFE PFIZER INCHealthcare512.7K$14.4M0.3%+0.5%
QCOM QUALCOMM INCTechnology108.7K$14.0M0.3%-11.6%
APA APA CORPEnergy320.4K$13.6M0.3%-13.9%
TTE TOTALENERGIES SEEnergy143.5K$13.2M0.3%-27.2%
J JACOBS SOLUTIONS INCIndustrials103.6K$13.2M0.3%+0.9%
HRI HERC HOLDINGS INCServices media125.6K$12.5M0.3%+85.6%
ABBV ABBVIE INCHealthcare56.7K$12.3M0.3%+4.3%
DIS WALT DISNEY CO/THEServices media128.0K$12.3M0.3%+11.5%
XOM EXXON MOBIL CORPEnergy71.8K$12.2M0.3%+4.6%
ASML ASML HOLDING NV-NY REG SHSIndustrials9.2K$12.1M0.3%+2.3%
COF CAPITAL ONE FINANCIAL CORPFinancials62.4K$11.4M0.2%-52.2%
CRM SALESFORCE INCTechnology60.0K$11.2M0.2%+52.0%
DAL DELTA AIR LINES INCIndustrials167.5K$11.1M0.2%-22.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 20262179$4.62B canonicalSEC ↗
Q4 202513F-HRJan 27, 20262040$4.48B canonicalSEC ↗
Q3 202513F-HROct 28, 20251889$4.21B canonicalSEC ↗
Q2 202513F-HRAug 14, 20251667$3.33B canonicalSEC ↗
Q1 202513F-HRMay 15, 20251613$2.98B canonicalSEC ↗
Q4 202413F-HRFeb 13, 20251580$3.07B canonicalSEC ↗
Q3 202413F-HRNov 14, 20241497$2.98B canonicalSEC ↗
Q2 202413F-HRAug 14, 20241421$2.76B canonicalSEC ↗
Q1 202413F-HRMay 15, 20241309$2.65B canonicalSEC ↗