HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
Long book
$32.36B
Q1 2026
Positions
463
Top-10 weight
29%
concentration
Last quarter
+9.4%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsHOTCHKIS & WILEY CAPITAL MANAGEMENT LLC is an institutional manager, running a $32.36B US long book across 463 positions.
The portfolio is moderately concentrated (top 10 ≈ 29% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: WORKDAY INC-CLASS A, APA CORP, F5 INC, ERICSSON (LM) TEL-SP ADR, CITIGROUP INC.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.5%
Q2 2024
+6.3%
Q3 2024
-0.6%
Q4 2024
+0.2%
Q1 2025
+3.0%
Q2 2025
+7.3%
Q3 2025
+3.8%
Q4 2025
+2.0%
Q1 2026
+9.4%
Sector allocation
Financials 25%
Industrials 18%
Technology 15%
Energy 10%
Healthcare 7%
Services media 5%
Consumer staples 4%
Utilities 4%
Long book by quarter
What does HOTCHKIS & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WDAY WORKDAY INC-CLASS A | Technology | 10.7M | $1.38B | 4.3% | +57.7% |
| APA APA CORP | Energy | 32.0M | $1.36B | 4.2% | -9.7% |
| FFIV F5 INC | Technology | 4.6M | $1.32B | 4.1% | -16.3% |
| C CITIGROUP INC | Financials | 7.0M | $796.8M | 2.5% | -8.1% |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 10.2M | $769.9M | 2.4% | -0.4% |
| CMCSA COMCAST CORP-CLASS A | Communications | 26.8M | $769.4M | 2.4% | -3.5% |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 10.0M | $709.5M | 2.2% | +10.4% |
| D DOMINION ENERGY INC | Utilities | 11.3M | $701.6M | 2.2% | -3.0% |
| CRM SALESFORCE INC | Technology | 3.7M | $689.6M | 2.1% | +31.7% |
| PPG PPG INDUSTRIES INC | Other | 6.2M | $658.4M | 2.0% | +4.8% |
| ELV ELEVANCE HEALTH INC | Financials | 2.2M | $641.6M | 2.0% | +6.8% |
| GM GENERAL MOTORS CO | Industrials | 8.4M | $629.0M | 1.9% | -18.7% |
| USB US BANCORP | Financials | 11.3M | $587.5M | 1.8% | -3.1% |
| FDX FEDEX CORP | Industrials | 1.6M | $565.8M | 1.7% | -28.9% |
| MGA MAGNA INTERNATIONAL INC | Industrials | 9.8M | $549.4M | 1.7% | -0.1% |
| STT STATE STREET CORP | Financials | 4.2M | $536.1M | 1.7% | -3.4% |
| OVV OVINTIV INC | Energy | 8.5M | $504.6M | 1.6% | -3.1% |
| WFC WELLS FARGO & CO | Financials | 6.3M | $502.9M | 1.6% | -3.4% |
| SLB SLB LTD | Energy | 9.7M | $498.8M | 1.5% | -17.4% |
| CNH CNH INDUSTRIAL NV | Industrials | 43.6M | $479.9M | 1.5% | +23.9% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.8M | $478.7M | 1.5% | +21.2% |
| OLN OLIN CORP | Materials | 15.1M | $448.5M | 1.4% | -1.3% |
| MDT MEDTRONIC PLC | Healthcare | 4.8M | $415.1M | 1.3% | -0.6% |
| PCAR PACCAR INC | Industrials | 3.5M | $405.5M | 1.3% | -12.7% |
| OMC OMNICOM GROUP | Services media | 5.4M | $404.9M | 1.3% | -2.6% |
| TFC TRUIST FINANCIAL CORP | Financials | 7.5M | $346.5M | 1.1% | +10.1% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 15.3M | $343.4M | 1.1% | -3.4% |
| CMI CUMMINS INC | Industrials | 626.1K | $336.8M | 1.0% | -29.9% |
| FISV FISERV INC | Services media | 5.8M | $325.6M | 1.0% | +170.3% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 5.6M | $323.8M | 1.0% | +1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 1.1M | $313.2M | 1.0% | -23.3% |
| NOV NOV INC | Industrials | 14.9M | $280.6M | 0.9% | -54.0% |
| HUM HUMANA INC | Financials | 1.6M | $279.0M | 0.9% | +18.0% |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 1.8M | $264.7M | 0.8% | -1.3% |
| ZBH ZIMMER BIOMET HOLDINGS INC | Healthcare | 2.8M | $252.5M | 0.8% | +61.9% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 132.8K | $250.3M | 0.8% | +38.1% |
| CDW CDW CORP/DE | Consumer discretionary | 2.0M | $245.4M | 0.8% | New |
| APTV APTIV PLC | Industrials | 3.4M | $237.6M | 0.7% | -5.5% |
| SWK STANLEY BLACK & DECKER INC | Industrials | 3.2M | $228.9M | 0.7% | -0.2% |
| COP CONOCOPHILLIPS | Energy | 1.7M | $225.0M | 0.7% | -25.5% |
| BAC BANK OF AMERICA CORP | Financials | 4.5M | $221.4M | 0.7% | -0.1% |
| CRBG COREBRIDGE FINANCIAL INC | Financials | 9.1M | $216.7M | 0.7% | +1.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 741.7K | $212.9M | 0.7% | -3.8% |
| SJM JM SMUCKER CO/THE | Consumer staples | 2.2M | $211.2M | 0.7% | +6.4% |
| FTV FORTIVE CORP | Technology | 3.6M | $201.5M | 0.6% | -0.7% |
| CVS CVS HEALTH CORP | Healthcare | 2.8M | $200.7M | 0.6% | -3.4% |
| LH LABCORP HOLDINGS INC | Healthcare | 743.6K | $198.4M | 0.6% | +101.6% |
| PPL PPL CORP | Utilities | 5.1M | $193.9M | 0.6% | -27.3% |
| FLR FLUOR CORP | Industrials | 4.0M | $187.6M | 0.6% | +12.1% |
| GPC GENUINE PARTS CO | Consumer discretionary | 1.7M | $184.7M | 0.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 465 | $32.42B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 465 | $33.48B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 470 | $32.37B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 472 | $30.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 468 | $29.95B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 478 | $30.05B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 482 | $30.10B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 483 | $28.68B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 483 | $30.01B | canonical | SEC ↗ |
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