PAYDEN & RYGEL
Long book
$1.28B
Q1 2026
Positions
113
Top-10 weight
33%
concentration
Last quarter
+8.6%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsPAYDEN & RYGEL is an institutional manager, running a $1.28B US long book across 113 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES JP MORGAN USD EMERGI, VANECK JPM EM LOCAL CURR BND, SPDR GOLD SHARES, ALPHABET INC-CL A, ISHR IBX USD INVGD CB ETF-UI.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 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
+1.1%
Q2 2024
+7.2%
Q3 2024
+0.5%
Q4 2024
-1.4%
Q1 2025
+6.9%
Q2 2025
+6.7%
Q3 2025
+2.2%
Q4 2025
+0.2%
Q1 2026
+8.6%
Sector allocation
Technology 21%
Industrials 15%
Financials 14%
Healthcare 13%
Consumer discretionary 11%
Utilities 11%
Energy 4%
Communications 3%
Long book by quarter
What does PAYDEN & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 147.3K | $42.4M | 3.3% | +0.5% |
| JPM JPMORGAN CHASE & CO | Financials | 119.8K | $35.3M | 2.7% | -21.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 134.6K | $28.0M | 2.2% | +0.6% |
| MS MORGAN STANLEY | Financials | 161.5K | $26.6M | 2.1% | -8.2% |
| DUK DUKE ENERGY CORP | Utilities | 189.7K | $24.8M | 1.9% | Held |
| MRK MERCK & CO. INC. | Healthcare | 198.1K | $23.8M | 1.9% | Held |
| MSFT MICROSOFT CORP | Technology | 63.4K | $23.5M | 1.8% | +30.2% |
| CSCO CISCO SYSTEMS INC | Technology | 283.5K | $22.0M | 1.7% | +0.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 90.1K | $21.8M | 1.7% | +32.7% |
| TJX TJX COMPANIES INC | Consumer discretionary | 135.7K | $21.7M | 1.7% | Held |
| CVX CHEVRON CORP | Energy | 104.6K | $21.6M | 1.7% | +47.7% |
| RTX RTX CORP | Industrials | 111.3K | $21.5M | 1.7% | +50.4% |
| ADI ANALOG DEVICES INC | Technology | 66.0K | $21.0M | 1.6% | Held |
| ET ENERGY TRANSFER LP | Utilities | 1.0M | $19.5M | 1.5% | +58.5% |
| D DOMINION ENERGY INC | Utilities | 313.8K | $19.4M | 1.5% | Held |
| WMT WALMART INC | Consumer discretionary | 148.3K | $18.4M | 1.4% | -23.2% |
| TMUS T-MOBILE US INC | Communications | 82.4K | $17.3M | 1.3% | +4401.1% |
| GLW CORNING INC | Industrials | 126.9K | $17.3M | 1.3% | -34.4% |
| GE GENERAL ELECTRIC | Industrials | 59.5K | $16.9M | 1.3% | -21.0% |
| CRH CRH PLC | Industrials | 159.9K | $16.8M | 1.3% | -11.2% |
| VLO VALERO ENERGY CORP | Energy | 65.6K | $16.2M | 1.3% | Held |
| ABBV ABBVIE INC | Healthcare | 72.7K | $15.8M | 1.2% | +27.6% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 417.1K | $15.8M | 1.2% | Held |
| CTVA CORTEVA INC | Consumer staples | 188.4K | $15.8M | 1.2% | New |
| BAC BANK OF AMERICA CORP | Financials | 320.1K | $15.6M | 1.2% | -37.9% |
| ITT ITT INC | Industrials | 80.8K | $15.4M | 1.2% | -28.2% |
| CVS CVS HEALTH CORP | Healthcare | 213.1K | $15.3M | 1.2% | -18.1% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 76.6K | $15.0M | 1.2% | -18.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 61.4K | $15.0M | 1.2% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 297.2K | $14.9M | 1.2% | -11.4% |
| MCK MCKESSON CORP | Consumer discretionary | 16.9K | $14.6M | 1.1% | -21.4% |
| EXC EXELON CORP | Utilities | 287.3K | $14.1M | 1.1% | Held |
| AVGO BROADCOM INC | Technology | 44.2K | $13.7M | 1.1% | +0.3% |
| AME AMETEK INC | Technology | 63.0K | $13.5M | 1.1% | +28.3% |
| META META PLATFORMS INC-CLASS A | Technology | 23.1K | $13.2M | 1.0% | -24.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 41.9K | $13.0M | 1.0% | +2.9% |
| NVDA NVIDIA CORP | Technology | 74.0K | $12.9M | 1.0% | +24.1% |
| CMI CUMMINS INC | Industrials | 24.0K | $12.9M | 1.0% | -23.1% |
| GILD GILEAD SCIENCES INC | Healthcare | 91.3K | $12.7M | 1.0% | Held |
| ETN EATON CORP PLC | Industrials | 35.2K | $12.6M | 1.0% | -2.8% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 93.3K | $12.2M | 1.0% | +6.4% |
| V VISA INC-CLASS A SHARES | Services media | 39.2K | $11.8M | 0.9% | -16.8% |
| PEP PEPSICO INC | Consumer staples | 73.4K | $11.4M | 0.9% | Held |
| NDAQ NASDAQ INC | Financials | 133.5K | $11.3M | 0.9% | +45.3% |
| BLK BLACKROCK INC | Financials | 11.5K | $11.1M | 0.9% | -48.9% |
| SYK STRYKER CORP | Healthcare | 31.1K | $10.2M | 0.8% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 31.8K | $9.6M | 0.7% | Held |
| AAPL APPLE INC | Technology | 36.8K | $9.3M | 0.7% | +119.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 48.1K | $9.3M | 0.7% | Held |
| FITB FIFTH THIRD BANCORP | Financials | 199.4K | $9.3M | 0.7% | -26.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 114 | $1.30B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 115 | $1.45B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 113 | $1.21B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 113 | $1.21B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 125 | $1.16B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 124 | $1.16B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 122 | $1.30B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Oct 7, 2024 | 122 | $1.24B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Oct 8, 2024 | 134 | $2.12B | $K fixed canonical | SEC ↗ |
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