Total reported value
$19.8B
Reporting period: 2026-03-31 · Number of holdings: 327
BAHL & GAYNOR INC disclosed 327 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $19.8B and a quarterly turnover rate of 21.1%.
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Trim LLY
-15.4% -$233.5M
Trim MSFT
+1.9% -$195.4M
Trim MRSH
-66.2% -$163.4M
Add 87612g101
+18.4% $163.8M
Trim PAYX
-71.2% -$145.0M
Add DRI
+212.5% $138.5M
Bahl & Gaynor executed a decisive contrarian rotation, shedding overextended healthcare positions (LLY, ABBV, MRSH, PAYX) to front-run capital into infrastructure (TRGP), mega-cap tech resilience (MSFT), and cyclical consumer-industrial value (DRI). The 100-point momentum-contrarian score paired with a 327-name long tail confirms a systematic hunt for valuation dislocation across a hyper-diversified book, even as price-driven equity appreciation diluted the active MSFT accumulation.
The flows price in a regime shift from speculative tech/biotech premium to infrastructure capex and tangible-value yields, betting on falling rate expectations supporting midstream pipelines and resilient consumer cash flows. The opposing thesis: AI-driven mega-cap consolidation fails to propagate earnings breadth, while deep value pockets stagnate in sticky inflation, trapping capital in high-duration growth holds.
This 0.015 HHI long-tail structure guarantees alpha by construction but invites severe tracking-error drag against benchmark indices; the portfolio’s sheer breadth mutates sector tilts into idiosyncratic stock-picking noise, leaving it highly exposed to liquidity shocks in mid/mini-caps when bid-ask spreads widen collectively.
This overview is machine-generated from public regulatory data and describes past filings only — it does not constitute financial advice.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Broadcom Inc. | Stock-Other | 4.42% | -0.54% | +0.01% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 3.49% | -1.01% | +1.90% | |
| 3 | JNJ | Johnson & Johnson | Stock-Healthcare | 3.35% | +0.48% | -0.61% | |
| 4 | LLY | Eli Lilly & Co | Stock-Healthcare | 3.09% | -1.19% | -15.40% | |
| 5 | ✓ | AbbVie Inc. | Stock-Other | 3.00% | -0.58% | -11.44% | |
| 6 | ✓ | J P Morgan Chase And Co | Stock-Other | 2.86% | -0.28% | +0.19% | |
| 7 | WMB | Williams Cos INC | Stock-Energy | 2.52% | +0.39% | -1.91% | |
| 8 | ✓ | NextEra Energy, Inc. | Stock-Other | 2.46% | +0.28% | -2.06% | |
| 9 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 2.41% | -0.46% | -16.44% | |
| 10 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 2.31% | +0.34% | +5.62% | |
| 11 | CVX | Chevron CORP | Stock-Energy | 2.22% | +0.52% | -3.50% | |
| 12 | ✓ | Targa Resources Corp. | Stock-Other | 2.18% | +0.82% | +18.37% | |
| 13 | HD | Home Depot INC | Stock-Consumer Disc | 1.91% | -0.17% | -3.32% | |
| 14 | ✓ | The Travelers Companies, Inc. | Stock-Other | 1.69% | — | -2.34% | |
| 15 | HIG | Hartford Insurance Group INC | Stock-Financials | 1.67% | — | +0.12% | |
| 16 | SRE | Sempra | Stock-Utilities | 1.66% | +0.12% | -1.70% | |
| 17 | PNC | Pnc Financial Services Group | Stock-Financials | 1.65% | +0.16% | +11.63% | |
| 18 | ✓ | Cisco Systems, Inc. | Stock-Other | 1.37% | +0.11% | +8.04% | |
| 19 | ✓ | Eaton Corporation plc | Stock-Other | 1.29% | — | -13.85% | |
| 20 | ✓ | Exxon Mobil Corporation | Stock-Other | 1.25% | +0.39% | +3.50% | |
| 21 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 1.21% | -0.24% | -21.76% | |
| 22 | ✓ | UnitedHealth Group Incorporated | Stock-Other | 1.16% | — | +28.21% | |
| 23 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.12% | -0.46% | -29.97% | |
| 24 | LMT | Lockheed Martin CORP | Stock-Industrials | 1.07% | -0.11% | -27.56% | |
| 25 | TJX | Tjx Companies INC | Stock-Consumer Disc | 1.06% | — | +1.08% | |
| 26 | GD | General Dynamics CORP | Stock-Industrials | 1.02% | +0.14% | +14.00% | |
| 27 | TXN | Texas Instruments INC | Stock-Tech | 1.01% | — | -10.79% | |
| 28 | DRI | Darden Restaurants INC | Stock-Consumer Disc | 1.00% | +0.70% | +212.46% | |
| 29 | ✓ | RTX Corporation | Stock-Other | 1.00% | +0.23% | +22.91% | |
| 30 | PEP | Pepsico INC | Stock-Consumer Staples | 0.99% | — | -1.79% | |
| 31 | CINF | Cincinnati Financial CORP | Stock-Financials | 0.97% | — | -0.67% | |
| 32 | ✓ | CME Group Inc. | Stock-Other | 0.94% | — | +0.43% | |
| 33 | ✓ | Te Connectivity PLC | Stock-Other | 0.93% | — | +4.70% | |
| 34 | ✓ | Victory Cap Holdings Inc Cl A | Stock-Other | 0.89% | +0.23% | +30.68% | |
| 35 | MSI | Motorola Solutions INC | Stock-Tech | 0.88% | +0.10% | -0.18% | |
| 36 | ✓ | Apollo Global Mgmt Inc | Stock-Other | 0.84% | — | +33.33% | |
| 37 | AAPL | Apple INC | Stock-Tech | 0.83% | -0.14% | -8.08% | |
| 38 | SNA | Snap-on INC | Stock-Industrials | 0.82% | — | +4.11% | |
| 39 | ADP | Automatic Data Processing | Stock-Tech | 0.82% | -0.33% | -9.52% | |
| 40 | ✓ | PPL Corporation | Stock-Other | 0.81% | — | -0.41% | |
| 41 | ITW | Illinois Tool Works | Stock-Industrials | 0.79% | — | -2.79% | |
| 42 | ✓ | Accenture plc | Stock-Other | 0.78% | -0.31% | -2.21% | |
| 43 | FAST | Fastenal Co | Stock-Industrials | 0.73% | +0.35% | +67.39% | |
| 44 | ✓ | Kinder Morgan, Inc. | Stock-Other | 0.68% | — | -9.21% | |
| 45 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.67% | — | -0.86% | |
| 46 | VICI | Vici Properties INC | Stock-Real Estate | 0.66% | — | +1.43% | |
| 47 | USB | US Bancorp | Stock-Financials | 0.66% | — | -0.32% | |
| 48 | RGA | Reinsurance Group Of America | Stock-Financials | 0.66% | — | +6.02% | |
| 49 | HUBB | Hubbell INC | Stock-Industrials | 0.63% | — | -3.81% | |
| 50 | CTAS | Cintas CORP | Stock-Industrials | 0.63% | — | -1.65% |
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+17.4%
Based on 61% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 327 | $19.8B | 21 | |
| 2025-12-31 | 327 | $19.8B | 15 | |
| 2025-09-30 | 326 | $20.1B | 28 | |
| 2025-06-30 | 332 | $19.8B | 0 | |
| 2025-03-31 | 337 | $19.6B | 100 | |
| 2024-12-31 | 336 | $18.9B | 0 | |
| 2024-09-30 | 342 | $19.4B | 0 | |
| 2024-06-30 | 333 | $17.9B | 0 | |
| 2024-03-31 | 480 | $18.0B | 0 | |
| 2023-12-31 | 468 | $16.6B | 0 | |
| 2023-09-30 | 462 | $15.7B | 0 | |
| 2023-06-30 | 479 | $16.4B | 0 | |
| 2023-03-31 | 475 | $18.6B | 0 | |
| 2022-12-31 | 474 | $16.0B | 0 | |
| 2022-09-30 | 453 | $15.1B | 0 | |
| 2022-06-30 | 467 | $15.2B | 0 | |
| 2022-03-31 | 482 | $13.6B | 0 | |
| 2021-12-31 | 480 | $17.9B | 0 | |
| 2021-09-30 | 496 | $16.3B | 0 | |
| 2021-06-30 | 488 | $16.4B | 100 | |
| 2021-03-31 | 497 | $15.8B | 14 | |
| 2020-12-31 | 490 | $15.7B | 17 | |
| 2020-09-30 | 492 | $14.1B | 13 | |
| 2020-06-30 | 492 | $13.3B | 19 | |
| 2020-03-31 | 501 | $11.5B | 30 | |
| 2019-12-31 | 532 | $14.4B | 14 | |
| 2019-09-30 | 538 | $13.8B | 11 | |
| 2019-06-30 | 536 | $13.5B | 27 | |
| 2019-03-31 | 521 | $10.9B | 22 | |
| 2018-12-31 | 509 | $9.4B | 25 | |
| 2018-09-30 | 511 | $7.8B | 26 | |
| 2018-06-30 | 550 | $9.6B | 83 | |
| 2018-03-31 | 611 | $9.1B | 14 | |
| 2017-12-31 | 601 | $9.7B | 13 | |
| 2017-09-30 | 565 | $9.1B | 14 | |
| 2017-06-30 | 545 | $8.8B | 26 | |
| 2017-03-31 | 590 | $8.7B | 20 | |
| 2016-12-31 | 595 | $8.2B | 13 | |
| 2016-09-30 | 629 | $8.3B | 14 | |
| 2016-06-30 | 620 | $7.7B | 12 | |
| 2016-03-31 | 612 | $7.5B | 21 | |
| 2015-12-31 | 573 | $7.3B | 20 | |
| 2015-09-30 | 662 | $7.0B | 22 | |
| 2015-06-30 | 626 | $7.4B | 21 | |
| 2015-03-31 | 615 | $7.4B | 23 | |
| 2014-12-31 | 592 | $7.2B | 20 | |
| 2014-09-30 | 598 | $6.7B | 11 | |
| 2014-06-30 | 523 | $6.6B | 14 | |
| 2014-03-31 | 515 | $6.2B | 15 | |
| 2013-12-31 | 513 | $6.1B | 17 | |
| 2013-09-30 | 367 | $5.6B | 16 | |
| 2013-06-30 | 359 | $5.3B | — |
Bahl & Gaynor INC's most significant position changes for 2026-03-31: New buy: Rb Global INC; New buy: Cummins INC (CMI); Trim: Eli Lilly & Co (LLY) — shares -15.40%; Add: Microsoft CORP (MSFT) — shares +1.90%; Trim: Marsh & Mclennan Cos (MRSH) — shares -66.19%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | Targa Resources Corp. | +0.8% | +18.37% | Add |
| 2 | DRI | Darden Restaurants INC | +0.7% | +212.46% | Add |
| 3 | CVX | Chevron CORP | +0.5% | -3.50% | Trim |
| 4 | JNJ | Johnson & Johnson | +0.5% | -0.61% | Trim |
| 5 | WMB | Williams Cos INC | +0.4% | -1.91% | Trim |
| 6 | ✓ | Exxon Mobil Corporation | +0.4% | +3.50% | Add |
| 7 | ✓ | Garmin Ltd. | +0.4% | +215.37% | Add |
| 8 | FAST | Fastenal Co | +0.4% | +67.39% | Add |
| 9 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +5.62% | Add |
| 10 | ✓ | Linde plc | +0.3% | +93.65% | Add |
| 11 | ✓ | NextEra Energy, Inc. | +0.3% | -2.06% | Trim |
| 12 | PM | Philip Morris International | +0.3% | +108.99% | Add |
| 13 | AHR | American Healthcare Reit INC | +0.3% | +768.52% | Add |
| 14 | ✓ | Victory Cap Holdings Inc Cl A | +0.2% | +30.68% | Add |
| 15 | ✓ | RTX Corporation | +0.2% | +22.91% | Add |
| 16 | BTI | British American Tob-sp Adr | +0.2% | +8142.85% | Add |
| 17 | ✓ | Cboe Global Markets, Inc. | +0.2% | +29.33% | Add |
| 18 | PNC | Pnc Financial Services Group | +0.2% | +11.63% | Add |
| 19 | GD | General Dynamics CORP | +0.1% | +14.00% | Add |
| 20 | ✓ | Ensign Group Inc | +0.1% | +131.51% | Add |
| 21 | SRE | Sempra | +0.1% | -1.70% | Trim |
| 22 | WDC | Western Digital CORP | +0.1% | -13.24% | Trim |
| 23 | ✓ | Cisco Systems, Inc. | +0.1% | +8.04% | Add |
| 24 | MSI | Motorola Solutions INC | +0.1% | -0.18% | Trim |
| 25 | LHX | L3harris Technologies INC | +0.1% | +13.31% | Add |
| 26 | AVT | Avnet INC | -0.1% | -98.60% | Trim |
| 27 | LMT | Lockheed Martin CORP | -0.1% | -27.56% | Trim |
| 28 | ✓ | Perrigo Company plc | -0.1% | -99.11% | Trim |
| 29 | ✓ | Evercore Inc. | -0.1% | -4.68% | Trim |
| 30 | ✓ | Quest Diagnostics Incorporated | -0.1% | -90.85% | Trim |
| 31 | AAPL | Apple INC | -0.1% | -8.08% | Trim |
| 32 | QCOM | Qualcomm INC | -0.2% | -74.19% | Trim |
| 33 | ✓ | Oracle Corporation | -0.2% | -76.68% | Trim |
| 34 | ABT | Abbott Laboratories | -0.2% | -14.11% | Trim |
| 35 | HD | Home Depot INC | -0.2% | -3.32% | Trim |
| 36 | MDLZ | Mondelez International Inc-a | -0.2% | -21.76% | Trim |
| 37 | ✓ | J P Morgan Chase And Co | -0.3% | +0.19% | Add |
| 38 | ✓ | Accenture plc | -0.3% | -2.21% | Trim |
| 39 | ADP | Automatic Data Processing | -0.3% | -9.52% | Trim |
| 40 | MCD | Mcdonald's CORP | -0.5% | -29.97% | Trim |
| 41 | PG | Procter & Gamble Co/the | -0.5% | -16.44% | Trim |
| 42 | ✓ | Broadcom Inc. | -0.5% | +0.01% | Add |
| 43 | ✓ | AbbVie Inc. | -0.6% | -11.44% | Trim |
| 44 | ✓ | Broadridge Financial Solutions, Inc. | -0.7% | -34.73% | Trim |
| 45 | PAYX | Paychex INC | -0.7% | -71.21% | Trim |
| 46 | MRSH | Marsh & Mclennan Cos | -0.8% | -66.19% | Trim |
| 47 | MSFT | Microsoft CORP | -1% | +1.90% | Add |
| 48 | LLY | Eli Lilly & Co | -1.2% | -15.40% | Trim |
| 49 | ✓ | Rb Global INC | — | NEW | New buy |
| 50 | CMI | Cummins INC | — | NEW | New buy |
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