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Hotchkis & Wiley Capital Management LLC 13F Holdings Tracker (Q2 2026)
Hotchkis & Wiley Capital Management LLCCIK: 0001164833
Diversified strategyContrarianQuality / disciplined sizing
Total reported value
$34.3B
Reporting period: 2026-06-30 · Number of holdings: 462
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC disclosed 462 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $34.3B and a quarterly turnover rate of 25.7%.
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Personality snowflake
- Concentration
- 5.54
- Portfolio Stability
- 25.72
- Momentum
- 9.47
- Sector conviction
- 40.01
- Diversification
- 100
- Sizing Uniformity
- 76.74
Hotchkis & Wiley Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 72 equally-sized positions, well below its 462 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.33), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim FFIV
-55.0% -$467.4M
Add CI
+307.2% $425.4M
Trim APA
-1.0% -$326.4M
Add SAP
+878.1% $342.7M
Add CDW
+86.3% $285.9M
New buy QCOM
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
The June-quarter active trades are a selective resizing, not a wholesale repositioning. The firm trimmed two former heavyweights — FFIV's weight fell about 1.6 percentage points and APA's about 1.2 points — while adding CI (+1.2 pts), SAP (+1.0 pt), CDW (+0.8 pt) and opening a new QCOM position at 0.71%. CVS was fully exited and STT reduced. At 462 holdings with a ~0.26 turnover ratio, the visible action is concentrated in a handful of names.
Macro & Fundamentals
The visible rotation sits mainly inside two sectors: IT and health care. Within IT, money appears to move from a network-equipment name into software, IT distribution and semiconductors; within health care, the flow is out of CVS and into managed care via Cigna. These trades could reflect relative-value or quality rotation, but that is an inference from eight disclosed trades, not a confirmed macro call.
Blind Spots / Risks
The biggest blind spot is the data itself: share-change percentages are missing for every trade, so the weight swings combine active sizing with whatever price move happened in the quarter. In addition, about 10.5% of mapped portfolio value is not attributable to the sector buckets, which means the portfolio's most concentrated bets may be partly invisible in this view.
Sourced and summarized by AI directly from this institution's SEC EDGAR filings, limited to historical activity. Not investment guidance — verify against the primary filing below. View the original 2026-06-30 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 462 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | WDAY | Workday Inc-class A | Stock-Tech | 4.52% | +0.25% | +18.99% | |
| 2 | APA | Apa CORP | Stock-Energy | 3.01% | -1.18% | -1.00% | |
| 3 | AIG | American International Group | Stock-Financials | 2.57% | +0.20% | +15.74% | |
| 4 | FFIV | F5 Inc | Stock-Tech | 2.50% | -1.59% | -54.98% | |
| 5 | GEHC | GE Healthcare Technology | Stock-Healthcare | 2.29% | +0.10% | +22.90% | |
| 6 | ELV | Elevance Health Inc | Stock-Healthcare | 2.27% | +0.29% | -8.00% | |
| 7 | PPG | Ppg Industries Inc | Stock-Materials | 2.24% | +0.21% | +2.79% | |
| 8 | ERIC | Ericsson (lm) Tel-sp Adr | Stock-Tech | 2.23% | -0.63% | -16.48% | |
| 9 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 2.15% | -0.22% | +12.26% | |
| 10 | D | Dominion Energy Inc | Stock-Utilities | 1.97% | -0.19% | -12.82% | |
| 11 | USB | US Bancorp | Stock-Financials | 1.86% | +0.05% | -6.46% | |
| 12 | C | Citigroup Inc | Stock-Financials | 1.86% | -0.60% | -35.26% | |
| 13 | GM | General Motors Co | Stock-Consumer Disc | 1.75% | -0.19% | -7.61% | |
| 14 | WFC | Wells Fargo & Co | Stock-Financials | 1.71% | +0.16% | +12.70% | |
| 15 | MGA | Magna International Inc | Stock-Consumer Disc | 1.68% | -0.01% | -10.66% | |
| 16 | CI | THE Cigna Group | Stock-Healthcare | 1.63% | +1.22% | +307.19% | |
| 17 | CRM | Salesforce Inc | Stock-Tech | 1.61% | -0.52% | -4.56% | |
| 18 | CNH | CNH Industrial N.V. | Stock-Industrials | 1.61% | +0.13% | +12.43% | |
| 19 | CDW | Cdw Corp/de | Stock-Tech | 1.55% | +0.79% | +86.32% | |
| 20 | FISV | Fiserv Inc | Stock-Other | 1.50% | +0.50% | +79.43% | |
| 21 | OMC | Omnicom Group | Stock-Comm Services | 1.46% | +0.21% | +27.75% | |
| 22 | SHEL | Shell Plc-adr | Stock-Energy | 1.40% | -0.36% | +0.86% | |
| 23 | OVV | Ovintiv Inc | Stock-Energy | 1.33% | -0.23% | +2.28% | |
| 24 | MDT | Medtronic plc | Stock-Healthcare | 1.32% | +0.04% | +20.83% | |
| 25 | FDX | Fedex CORP | Stock-Industrials | 1.27% | -0.48% | -12.23% | |
| 26 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 1.25% | -0.23% | -41.48% | |
| 27 | PCAR | Paccar Inc | Stock-Industrials | 1.21% | -0.04% | -1.31% | |
| 28 | SAP | Sap Se-sponsored Adr | Stock-Tech | 1.13% | +0.99% | +878.15% | |
| 29 | TFC | Truist Financial CORP | Stock-Financials | 1.08% | +0.01% | -1.64% | |
| 30 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.06% | +0.09% | -6.92% | |
| 31 | KHC | Kraft Heinz Co/the | Stock-Consumer Staples | 1.05% | -0.01% | -0.47% | |
| 32 | HUM | Humana Inc | Stock-Healthcare | 1.02% | +0.16% | -45.41% | |
| 33 | SWK | Stanley Black & Decker Inc | Stock-Industrials | 1.00% | +0.29% | +13.32% | |
| 34 | STT | State Street CORP | Stock-Financials | 0.99% | -0.66% | -52.75% | |
| 35 | CRBG | Corebridge Financial Inc | Stock-Financials | 0.97% | +0.30% | +28.24% | |
| 36 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 0.97% | -0.03% | +2.41% | |
| 37 | STZ | Constellation Brands Inc-a | Stock-Consumer Staples | 0.97% | +0.15% | +35.56% | |
| 38 | FCNCA | First Citizens Bcshs -cl A | Stock-Financials | 0.94% | +0.17% | +16.66% | |
| 39 | OLN | Olin CORP | Stock-Materials | 0.93% | -0.45% | +6.21% | |
| 40 | SLB | Slb LTD | Stock-Energy | 0.92% | -0.62% | -30.31% | |
| 41 | SJM | Jm Smucker Co/the | Stock-Consumer Staples | 0.92% | +0.27% | +27.57% | |
| 42 | GPC | Genuine Parts Co | Stock-Consumer Disc | 0.91% | +0.34% | +52.12% | |
| 43 | BAC | Bank Of America CORP | Stock-Financials | 0.88% | +0.20% | +16.88% | |
| 44 | APTV | Aptiv PLC | Stock-Consumer Disc | 0.88% | +0.15% | +43.40% | |
| 45 | NOV | Nov Inc | Stock-Energy | 0.78% | -0.09% | -3.79% | |
| 46 | TEL | TE Connectivity plc | Stock-Tech | 0.75% | +0.23% | +60.40% | |
| 47 | WPP | Wpp Plc-sponsored Adr | Stock-Other | 0.75% | +0.03% | +11.16% | |
| 48 | FLR | Fluor CORP | Stock-Industrials | 0.71% | +0.13% | +15.27% | |
| 49 | QCOM | Qualcomm Inc | Stock-Tech | 0.71% | +0.71% | NEW | |
| 50 | FIS | Fidelity National Info Serv | Stock-Tech | 0.70% | +0.23% | +92.07% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+9.3%
Performance Last 4 Quarters
+26.7%
- Stdev
- +13.1%
- Beta
- +0.74
- Alpha
- +3.7%
- Max Drawdown
- -10.4%
- Annualized Perf
- +19.2%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.79
- Stutzer
- +0.41
- Treynor
- +0.25
- Sterling
- +1.2
- Calmar
- +1.84
- Information Ratio
- -0.16
- Tracking Error
- +9.6%
- Stdev Down
- +6.6%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +32%
- Worst 12 Months
- +3.3%
- Efficiency Ratio
- +0.57
- Sharpe
- +1.41
- Stdev Sectors
- +6.2%
- Skewness
- -0.21
- Kurtosis
- -0.87
- Upside Potential
- +4.45
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 462 | $34.3B | 26 | ||
| 2026 Q1 | 465 | $32.4B | 23 | ||
| 2025 Q4 | 465 | $33.5B | 17 | ||
| 2025 Q3 | 470 | $32.4B | 34 | ||
| 2025 Q2 | 472 | $30.8B | 0 | ||
| 2025 Q1 | 468 | $29.9B | 100 | ||
| 2024 Q4 | 478 | $30.0B | 0 | ||
| 2024 Q3 | 482 | $30.1B | 0 | ||
| 2024 Q2 | 483 | $28.7B | 0 | ||
| 2024 Q1 | 483 | $30.0B | 0 | ||
| 2023 Q4 | 478 | $28.1B | 0 | ||
| 2023 Q3 | 478 | $26.4B | 0 | ||
| 2023 Q2 | 487 | $26.9B | 0 | ||
| 2023 Q1 | 489 | $25.9B | 0 | ||
| 2022 Q4 | 488 | $26.1B | 0 | ||
| 2022 Q3 | 514 | $23.3B | 0 | ||
| 2022 Q2 | 491 | $25.1B | 0 | ||
| 2022 Q1 | 486 | $31.4B | 0 | ||
| 2021 Q4 | 489 | $31.8B | 0 | ||
| 2021 Q3 | 475 | $31.3B | 0 | ||
| 2021 Q2 | 468 | $32.8B | 100 | ||
| 2021 Q1 | 466 | $32.8B | 28 | ||
| 2020 Q4 | 468 | $28.6B | 31 | ||
| 2020 Q3 | 448 | $22.0B | 16 | ||
| 2020 Q2 | 453 | $21.5B | 26 | ||
| 2020 Q1 | 454 | $17.8B | 54 | ||
| 2019 Q4 | 463 | $28.8B | 23 | ||
| 2019 Q3 | 454 | $24.8B | 14 | ||
| 2019 Q2 | 459 | $26.1B | 15 | ||
| 2019 Q1 | 474 | $25.5B | 19 | ||
| 2018 Q4 | 475 | $22.7B | 32 | ||
| 2018 Q3 | 478 | $27.9B | 12 | ||
| 2018 Q2 | 481 | $26.5B | 18 | ||
| 2018 Q1 | 468 | $25.3B | 19 | ||
| 2017 Q4 | 470 | $26.5B | 18 | ||
| 2017 Q3 | 205 | $25.4B | 18 | ||
| 2017 Q2 | 173 | $24.9B | 16 | ||
| 2017 Q1 | 170 | $25.6B | 17 | ||
| 2016 Q4 | 182 | $24.8B | 18 | ||
| 2016 Q3 | 182 | $23.9B | 21 | ||
| 2016 Q2 | 183 | $23.4B | 11 | ||
| 2016 Q1 | 177 | $23.8B | 19 | ||
| 2015 Q4 | 186 | $24.6B | 24 | ||
| 2015 Q3 | 188 | $25.0B | 26 | ||
| 2015 Q2 | 192 | $28.4B | 20 | ||
| 2015 Q1 | 190 | $28.8B | 20 | ||
| 2014 Q4 | 188 | $28.7B | 19 | ||
| 2014 Q3 | 189 | $27.6B | 20 | ||
| 2014 Q2 | 194 | $28.3B | 19 | ||
| 2014 Q1 | 192 | $27.0B | 33 | ||
| 2013 Q4 | 178 | $23.4B | 18 | ||
| 2013 Q3 | 177 | $21.7B | 20 | ||
| 2013 Q2 | 163 | $20.1B | 0 |
Holding changes this quarter
Hotchkis & Wiley Capital Management LLC's most significant position changes for 2026-06-30: New buy: Qualcomm Inc (QCOM); Sold out: Cvs Health CORP (CVS); Sold out: Hartford Insurance Group Inc (HIG); New buy: Leidos Holdings Inc (LDOS); New buy: Check Point Software Technologies Ltd. (CHKP).
Showing top 200 changes by size (of 475 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CI | THE Cigna Group | +1.2% | +307.19% | Add |
| 2 | SAP | Sap Se-sponsored Adr | +1% | +878.15% | Add |
| 3 | CDW | Cdw Corp/de | +0.8% | +86.32% | Add |
| 4 | QCOM | Qualcomm Inc | +0.7% | NEW | New buy |
| 5 | FISV | Fiserv Inc | +0.5% | +79.43% | Add |
| 6 | LDOS | Leidos Holdings Inc | +0.5% | NEW | New buy |
| 7 | CHKP | Check Point Software Technologies Ltd. | +0.4% | NEW | New buy |
| 8 | LMT | Lockheed Martin CORP | +0.4% | NEW | New buy |
| 9 | GPC | Genuine Parts Co | +0.3% | +52.12% | Add |
| 10 | CRBG | Corebridge Financial Inc | +0.3% | +28.24% | Add |
| 11 | ELV | Elevance Health Inc | +0.3% | -8.00% | Trim |
| 12 | SWK | Stanley Black & Decker Inc | +0.3% | +13.32% | Add |
| 13 | SJM | Jm Smucker Co/the | +0.3% | +27.57% | Add |
| 14 | WDAY | Workday Inc-class A | +0.3% | +18.99% | Add |
| 15 | TEL | TE Connectivity plc | +0.2% | +60.40% | Add |
| 16 | FIS | Fidelity National Info Serv | +0.2% | +92.07% | Add |
| 17 | PPG | Ppg Industries Inc | +0.2% | +2.79% | Add |
| 18 | OMC | Omnicom Group | +0.2% | +27.75% | Add |
| 19 | CNC | Centene CORP | +0.2% | -3.67% | Trim |
| 20 | AIG | American International Group | +0.2% | +15.74% | Add |
| 21 | BAC | Bank Of America CORP | +0.2% | +16.88% | Add |
| 22 | FCNCA | First Citizens Bcshs -cl A | +0.2% | +16.66% | Add |
| 23 | WFC | Wells Fargo & Co | +0.2% | +12.70% | Add |
| 24 | HUM | Humana Inc | +0.2% | -45.41% | Trim |
| 25 | STZ | Constellation Brands Inc-a | +0.2% | +35.56% | Add |
| 26 | APTV | Aptiv PLC | +0.2% | +43.40% | Add |
| 27 | CNH | CNH Industrial N.V. | +0.1% | +12.43% | Add |
| 28 | FLR | Fluor CORP | +0.1% | +15.27% | Add |
| 29 | ✓ | Versigent LTD | +0.1% | +3631.56% | Add |
| 30 | SLM | Slm CORP | +0.1% | +11.26% | Add |
| 31 | GEHC | GE Healthcare Technology | +0.1% | +22.90% | Add |
| 32 | GOOGL | Alphabet Inc-cl A | +0.1% | -6.92% | Trim |
| 33 | UHS | Universal Health Services-b | +0.1% | +115.22% | Add |
| 34 | AVT | Avnet Inc | +0.1% | -6.67% | Trim |
| 35 | MSFT | Microsoft CORP | +0.1% | +93.51% | Add |
| 36 | CTSH | Cognizant Tech Solutions-a | +0.1% | +92.16% | Add |
| 37 | BMRN | Biomarin Pharmaceutical Inc | +0.1% | NEW | New buy |
| 38 | USB | US Bancorp | +0.1% | -6.46% | Trim |
| 39 | WK | Workiva Inc | +0.1% | +53.48% | Add |
| 40 | WEX | Wex Inc | +0.1% | +63.56% | Add |
| 41 | JLL | Jones Lang Lasalle Inc | +0.1% | +43.16% | Add |
| 42 | MDT | Medtronic plc | 0% | +20.83% | Add |
| 43 | TTE | TotalEnergies SE | 0% | NEW | New buy |
| 44 | MBC | Masterbrand Inc | 0% | NEW | New buy |
| 45 | WPP | Wpp Plc-sponsored Adr | 0% | +11.16% | Add |
| 46 | FHB | First Hawaiian Inc | 0% | +1.88% | Add |
| 47 | OCFC | Oceanfirst Financial CORP | 0% | +87.39% | Add |
| 48 | NCMI | National Cinemedia Inc | 0% | +19.67% | Add |
| 49 | FBIN | Fortune Brands Innovations I | 0% | +43.79% | Add |
| 50 | FTV | Fortive CORP | 0% | -0.76% | Trim |
1–50 of 200
Filing History
FAQ
What is Hotchkis & Wiley Capital Management LLC and what type of investor is it?
Hotchkis & Wiley Capital Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $34.3B, spread across 462 disclosed positions.
What are Hotchkis & Wiley Capital Management LLC's largest equity positions?
Based on the latest 13F filing, Hotchkis & Wiley Capital Management LLC's top holdings by market value are:
1. Workday Inc-class A (WDAY) — $1.6B (4.5%)
2. Apa CORP (APA) — $1.0B (3.0%)
3. American International Group (AIG) — $882.5M (2.6%)
4. F5 Inc (FFIV) — $857.5M (2.5%)
5. GE Healthcare Technology (GEHC) — $784.2M (2.3%)
What changes did Hotchkis & Wiley Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Hotchkis & Wiley Capital Management LLC made 200 notable position adjustments: 8 new positions were initiated, 103 existing holdings were added to, 79 positions were partially reduced, and 10 were completely exited. The largest of these moves: New buy: Qualcomm Inc (QCOM); Sold out: Cvs Health CORP (CVS); Sold out: Hartford Insurance Group Inc (HIG); New buy: Leidos Holdings Inc (LDOS); New buy: Check Point Software Technologies Ltd. (CHKP)
What sectors does Hotchkis & Wiley Capital Management LLC focus on?
Hotchkis & Wiley Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 22.1%
• Financials: 16.6%
• Health Care: 14.2%
• Industrials: 11.0%
• Energy: 9.9%
• Consumer Discretionary: 8.2%
Investment Profile
Hotchkis & Wiley Capital Management LLC returned an annualized 19.2% over the trailing 36 months — outperforming the S&P 500 by 3.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.74 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 26 over the past 4 quarters — a shift toward more active trading.
It has added to its FISV position over the past two quarters (+$368.5M, now $513.5M), while trimming FFIV over the same stretch (-$539.6M, still holding $857.5M).
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Developer Access
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