Payden & Rygel 13F annual report
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.
$1.69 billion Assets Under Management (AUM)
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.
Careers at Payden & Rygel
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.
Recent trades
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.
One of the smallest hedge funds
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.
Edward Garlock investment strategy
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.
The complete list of Payden & Rygel trades based on 13F SEC filings
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 | |||
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