Payden & Rygel is an investment fund managing more than $1.69 billion ran by Edward Garlock. There are currently 122 companies in Mr. Garlock’s portfolio. The largest investments include Arthur J. Gallagher & Co and Mcdonald's, together worth $89.8 million.
As of 3rd May 2023, Payden & Rygel’s top holding is 250,380 shares of Arthur J. Gallagher & Co currently worth over $47.9 million and making up 2.8% of the portfolio value.
Relative to the number of outstanding shares of Arthur J. Gallagher & Co, Payden & Rygel owns more than approximately 0.1% of the company.
In addition, the fund holds 150,000 shares of Mcdonald's worth $41.9 million.
The third-largest holding is NextEra Inc worth $39.4 million and the next is Jpmorgan Chase worth $37.8 million, with 289,880 shares owned.
Currently, Payden & Rygel's portfolio is worth at least $1.69 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Payden & Rygel office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Edward Garlock serves as the General Counsel at Payden & Rygel.
In the most recent 13F filing, Payden & Rygel revealed that it had opened a new position in
Danaher and bought 88,280 shares worth $22.3 million.
This means they effectively own approximately 0.1% of the company.
Danaher makes up
10.4%
of the fund's Health Care sector allocation and has decreased its share price by 2.2% in the past year.
The investment fund also strengthened its position in Arthur J. Gallagher & Co by buying
38,580 additional shares.
This makes their stake in Arthur J. Gallagher & Co total 250,380 shares worth $47.9 million.
Arthur J. Gallagher & Co soared 36.5% in the past year.
On the other hand, there are companies that Payden & Rygel is getting rid of from its portfolio.
Payden & Rygel closed its position in Dominion Resources on 10th May 2023.
It sold the previously owned 411,300 shares for $28.4 million.
Edward Garlock also disclosed a decreased stake in Jpmorgan Chase by approximately 0.1%.
This leaves the value of the investment at $37.8 million and 289,880 shares.
The two most similar investment funds to Payden & Rygel are Impax Asset Management and Partners Capital Investment Group, LL.P.. They manage $1.69 billion and $1.69 billion respectively.
Payden & Rygel’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 14.0% of
the total portfolio value.
The fund focuses on investments in the United States as
70.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
64% of the total holdings value.
On the other hand, small-cap stocks make up only 4.9% of the portfolio.
The average market cap of the portfolio companies is close to $175 billion.
These positions were updated on May 10th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Arthur J. Gallagher & Co. |
18.22%
250,380
|
$47,900,000 | 2.84% |
| Mcdonald's |
31.10%
150,000
|
$41,942,000 | 2.48% |
| NextEra Energy Inc |
4.28%
511,300
|
$39,411,000 | 2.33% |
| Jpmorgan Chase |
7.26%
289,880
|
$37,774,000 | 2.24% |
| Microsoft Corporation |
0.46%
129,830
|
$37,430,000 | 2.22% |
| Amdocs Ltd |
34.70%
389,000
|
$37,356,000 | 2.21% |
| Eli Lilly & Co |
29.36%
105,330
|
$36,172,000 | 2.14% |
| Exxon Mobil Corp. |
8,366.23%
325,950
|
$35,744,000 | 2.12% |
| Chubb Ltd |
2.89%
178,170
|
$34,597,000 | 2.05% |
| Unitedhealth Group Inc |
22.51%
72,930
|
$34,466,000 | 2.04% |
| Apple Inc |
21.63%
188,350
|
$31,059,000 | 1.84% |
| Morgan Stanley |
82.23%
328,200
|
$28,816,000 | 1.71% |
| Chevron Corp. |
0.67%
175,110
|
$28,571,000 | 1.69% |
| Dominion Resources |
Closed
411,300
|
$28,425,000 | |
| United Parcel Service, Inc. |
0.81%
145,110
|
$28,150,000 | 1.67% |
| Broadcom Inc. |
5.46%
42,910
|
$27,528,000 | 1.63% |
| Prologis Inc |
21.65%
220,400
|
$27,499,000 | 1.63% |
| Pepsico |
10.67%
150,700
|
$27,473,000 | 1.63% |
| Paychex Inc. |
Closed
239,230
|
$26,844,000 | |
| S&p 500 Depositary Receipts Etf |
15.04%
64,082
|
$26,235,000 | 1.55% |
| Coca-Cola Co |
26.27%
422,660
|
$26,218,000 | 1.55% |
| Procter & Gamble Co. |
41.17%
174,200
|
$25,902,000 | 1.53% |
| Merck & Co Inc |
40.67%
239,800
|
$25,512,000 | 1.51% |
| Comcast-a |
83.40%
667,570
|
$25,308,000 | 1.50% |
| Texas Instruments Inc. |
41.76%
135,880
|
$25,275,000 | 1.50% |
| Avalonbay Communities Inc. |
Closed
134,000
|
$24,681,000 | |
| Johnson Controls International |
25.17%
409,440
|
$24,656,000 | 1.46% |
| Costco Wholesale Corp |
1,911.98%
48,690
|
$24,193,000 | 1.43% |
| General Dynamics Corp. |
41.07%
105,380
|
$24,049,000 | 1.42% |
| Ishares Iboxx Investment Etf |
Closed
233,400
|
$23,912,000 | |
| Abbvie Inc |
40.92%
148,340
|
$23,641,000 | 1.40% |
| General Mills, Inc. |
8.25%
275,380
|
$23,534,000 | 1.39% |
| Eaton |
410.41%
137,300
|
$23,525,000 | 1.39% |
| Abbott Laboratories |
10.30%
222,290
|
$22,509,000 | 1.33% |
| Goldman Sachs Group, Inc. |
28.06%
68,460
|
$22,394,000 | 1.33% |
| Danaher Corp. |
Opened
88,280
|
$22,250,000 | 1.32% |
| Chesapeake Energy Corp. |
Closed
222,900
|
$20,999,000 | |
| Duke Energy Corp. |
29.04%
217,190
|
$20,952,000 | 1.24% |
| CF Industries Holdings Inc |
Closed
217,300
|
$20,915,000 | |
| Bank of America Corporation |
164.02%
714,930
|
$20,447,000 | 1.21% |
| Cisco Systems, Inc. |
139.97%
390,210
|
$20,398,000 | 1.21% |
| Enterprise Products Partners |
5.11%
780,370
|
$20,212,000 | 1.20% |
| Republic Services, Inc. |
31.37%
145,780
|
$19,712,000 | 1.17% |
| Enbridge Inc |
Closed
527,900
|
$19,585,000 | |
| Target Corp |
16.77%
117,600
|
$19,478,000 | 1.15% |
| Oracle Corp. |
344.67%
207,660
|
$19,296,000 | 1.14% |
| Archer Daniels |
Closed
239,100
|
$19,236,000 | |
| Johnson & Johnson |
4.58%
123,400
|
$19,127,000 | 1.13% |
| Corning, Inc. |
Opened
537,560
|
$18,965,000 | 1.12% |
| Elevance Health Inc |
38.40%
40,900
|
$18,806,000 | 1.11% |
| Ishares S&p 500 Growth Etf |
19.97%
293,671
|
$18,763,000 | 1.11% |
| Raytheon Tech Corp |
25.90%
186,580
|
$18,272,000 | 1.08% |
| Dover Corp. |
4,354.48%
119,380
|
$18,139,000 | 1.07% |
| Carrier Global Corporation |
Opened
389,300
|
$17,810,000 | 1.05% |
| Simon Property Group, Inc. |
2.34%
158,350
|
$17,730,000 | 1.05% |
| DuPont de Nemours Inc |
4,941.67%
242,000
|
$17,368,000 | 1.03% |
| AMGEN Inc. |
6,312.73%
70,540
|
$17,053,000 | 1.01% |
| Applied Materials Inc. |
Opened
135,610
|
$16,657,000 | 0.99% |
| Ameriprise Financial Inc |
29.06%
53,770
|
$16,481,000 | 0.98% |
| Conagra |
Opened
435,500
|
$16,357,000 | 0.97% |
| American Electric Power Company Inc. |
8,347.62%
177,400
|
$16,142,000 | 0.96% |
| Walt Disney Co (The) |
8.62%
155,330
|
$15,553,000 | 0.92% |
| Meta Platforms Inc |
2,493.21%
72,610
|
$15,389,000 | 0.91% |
| Citigroup Inc |
6,798.72%
324,240
|
$15,204,000 | 0.90% |
| T-Mobile US, Inc. |
Opened
101,960
|
$14,768,000 | 0.87% |
| Bristol-Myers Squibb Co. |
53.55%
207,740
|
$14,398,000 | 0.85% |
| Emerson Electric Co. |
Closed
194,480
|
$14,240,000 | |
| Exelon Corp. |
57.26%
337,610
|
$14,142,000 | 0.84% |
| Union Pacific Corp. |
Closed
71,240
|
$13,879,000 | |
| Devon Energy Corp. |
Closed
229,710
|
$13,812,000 | |
| Williams Cos Inc |
41.33%
462,270
|
$13,803,000 | 0.82% |
| Alexandria Real Estate Equities Inc. |
Closed
95,200
|
$13,346,000 | |
| Schlumberger |
Opened
261,200
|
$12,825,000 | 0.76% |
| VICI Properties Inc |
69,527.27%
382,950
|
$12,492,000 | 0.74% |
| Wyndham Hotels & Resort Inc |
345.23%
183,300
|
$12,437,000 | 0.74% |
| Mondelez Intl |
38.90%
172,770
|
$12,046,000 | 0.71% |
| Zoetis Inc |
Opened
71,890
|
$11,965,000 | 0.71% |
| Marathon Petroleum Corp |
Opened
87,100
|
$11,744,000 | 0.70% |
| Citizens Financial Group Inc |
Closed
327,260
|
$11,245,000 | |
| Alphabet Inc |
782.50%
105,900
|
$10,985,000 | 0.65% |
| FMC Corp. |
Opened
87,450
|
$10,680,000 | 0.63% |
| Home Depot, Inc. |
44.59%
35,170
|
$10,379,000 | 0.61% |
| Pfizer Inc. |
70.68%
250,270
|
$10,211,000 | 0.60% |
| Crown Castle Inc |
5,691.67%
69,500
|
$9,302,000 | 0.55% |
| Ishares I-05y Inv Grade Corp Etf |
0.28%
181,051
|
$9,150,000 | 0.54% |
| Phillips 66 |
78.15%
90,000
|
$9,124,000 | 0.54% |
| Ares Management Corp-a |
Closed
144,600
|
$8,958,000 | |
| Medtronic |
7,066.67%
107,500
|
$8,667,000 | 0.51% |
| Laboratory Corp. Of America Holdings |
Opened
37,450
|
$8,592,000 | 0.51% |
| Autozone Inc. |
Opened
3,400
|
$8,358,000 | 0.49% |
| Nucor Corp. |
Opened
54,070
|
$8,352,000 | 0.49% |
| Dr Horton |
Opened
73,000
|
$7,131,000 | 0.42% |
| Ishares 10-20 Year Treasury Etf |
15.67%
55,392
|
$6,345,000 | 0.38% |
| Vanguard Total Intl Stock |
Opened
102,945
|
$5,684,000 | 0.34% |
| Visa Inc |
2.31%
21,100
|
$4,757,000 | 0.28% |
| Intl Business Machines |
76.90%
32,060
|
$4,203,000 | 0.25% |
| Fedex Corp |
4.21%
14,800
|
$3,382,000 | 0.20% |
| Ishares S&p Midcap 400 Etf |
1.39%
13,130
|
$3,285,000 | 0.19% |
| Thermo Fisher Scientific Inc. |
No change
5,500
|
$3,170,000 | 0.19% |
| Qualcomm, Inc. |
84.75%
24,600
|
$3,138,000 | 0.19% |
| Wells Fargo |
Closed
73,800
|
$2,968,000 | |
| Public Storage |
82.21%
9,660
|
$2,919,000 | 0.17% |
| Verizon Communications Inc |
38.34%
66,690
|
$2,594,000 | 0.15% |
| Netflix Inc. |
252.86%
7,410
|
$2,560,000 | 0.15% |
| Ishares Iboxx H/y Corp Bond Etf |
Opened
30,750
|
$2,323,000 | 0.14% |
| AT&T Inc. |
87.91%
111,300
|
$2,143,000 | 0.13% |
| Analog Devices Inc. |
90.28%
10,600
|
$2,091,000 | 0.12% |
| Ishares Esg 1-5 Year Etf |
25.06%
82,849
|
$1,993,000 | 0.12% |
| Waste Management, Inc. |
19.73%
11,800
|
$1,925,000 | 0.11% |
| Spdr S&p Bank Etf |
Closed
30,800
|
$1,364,000 | |
| Cummins Inc. |
No change
5,200
|
$1,242,000 | 0.07% |
| Amazon.com Inc. |
4.16%
11,770
|
$1,216,000 | 0.07% |
| Conocophillips |
36.70%
11,900
|
$1,181,000 | 0.07% |
| Wal-mart Stores |
5.41%
7,800
|
$1,150,000 | 0.07% |
| Toronto Dominion Bank |
No change
17,500
|
$1,048,000 | 0.06% |
| NVIDIA Corp |
No change
3,500
|
$972,000 | 0.06% |
| Deere & Co. |
No change
2,300
|
$950,000 | 0.06% |
| Gilead Sciences, Inc. |
No change
11,400
|
$946,000 | 0.06% |
| Marathon Oil Corporation |
Closed
41,000
|
$926,000 | |
| Kimco Realty Corporation |
Closed
45,600
|
$839,000 | |
| Owens Corning |
Closed
10,600
|
$833,000 | |
| Pnc Financial |
Closed
5,500
|
$822,000 | |
| Lyondellbasell Industries-cl A |
85.88%
7,600
|
$714,000 | 0.04% |
| Ishares Esg Aware Usd Corpor |
22.67%
30,697
|
$706,000 | 0.04% |
| PPG Industries, Inc. |
Opened
4,000
|
$534,000 | 0.03% |
| Tourmaline Oil |
Closed
9,500
|
$493,000 | |
| Digital Realty Reit |
Closed
4,110
|
$408,000 | |
| Microchip Technology, Inc. |
No change
4,800
|
$402,000 | 0.02% |
| Lockheed Martin Corp. |
No change
740
|
$350,000 | 0.02% |
| Albemarle Corp. |
No change
1,400
|
$309,000 | 0.02% |
| CVS Health Corp |
98.99%
4,100
|
$305,000 | 0.02% |
| Advance Auto Parts Inc |
Closed
1,600
|
$250,000 | |
| Range Resources Corp |
Closed
8,920
|
$225,000 | |
| Honeywell Intl |
Closed
1,300
|
$217,000 | |
| EQT Corp |
98.88%
6,520
|
$208,000 | 0.01% |
| Mastercard Incorporated |
92.59%
560
|
$204,000 | 0.01% |
| iShares GNMA Bond ETF |
No change
4,553
|
$202,000 | 0.01% |
| Ameren Corp. |
Closed
2,500
|
$201,000 | |
| American Tower Corp. |
Closed
800
|
$172,000 | |
| Caterpillar Inc. |
Closed
1,000
|
$164,000 | |
| Truist Financial Corporation |
Closed
3,600
|
$157,000 | |
| Canadian Natural Resources Ltd. |
Closed
3,000
|
$140,000 | |
| Vanguard Reit Etf |
No change
1,480
|
$123,000 | 0.01% |
| Comstock Resources, Inc. |
32.01%
10,620
|
$115,000 | 0.01% |
| Ovintiv Inc |
No change
3,000
|
$108,000 | 0.01% |
| Petroleo Brasileiro Sa |
No change
10,210
|
$106,000 | 0.01% |
| Antero Resources Corp |
43.42%
3,910
|
$90,000 | 0.01% |
| Schwab Us Mid Cap Etf |
No change
1,130
|
$77,000 | 0.00% |
| Tellurian Inc |
No change
40,000
|
$49,000 | 0.00% |
| Southwestern Energy Company |
97.54%
9,850
|
$49,000 | 0.00% |
| Ares Capital Corp |
99.87%
1,160
|
$21,000 | 0.00% |
| Metlife Inc |
99.95%
240
|
$14,000 | 0.00% |
| Eastman Chemical Co |
Closed
190
|
$14,000 | |
| No transactions found | |||
| Showing first 500 out of 153 holdings | |||