Kempner Capital Management INC.

Momentum followerDiversified strategyQuality / disciplined sizing

Total reported value

$105.8M

Reporting period: 2025-12-31 · Number of holdings: 43

KEMPNER CAPITAL MANAGEMENT INC. disclosed 43 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $105.8M and a quarterly turnover rate of 20.0%.

Personality snowflake

Concentration: 13.31
Portfolio Stability: 20.04
Momentum/Contrarian: 100
Sector conviction: 78.49
Diversification: 86
Sizing Uniformity: 93.35

Recent moves

Trim CNMD
-87.4%　-$2.1M
Trim SLB
-85.9%　-$1.6M
Add TER
-8.8%　$986.0K
Trim TSM
-31.5%　-$2.3M
Add SON
+112.7%　$1.2M
Add GOOG
-7.8%　$664.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MU	Micron Technology INC	Stock-Tech	7.58%	+0.70%	-31.56%
2	BSM	Black Stone Minerals LP	Stock-Other	5.85%	-0.52%	-24.54%
3	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	5.14%	-1.27%	-31.51%
4	GOOG	Alphabet Inc-cl C	Stock-Comm Services	4.30%	+1.06%	-7.82%
5	TER	Teradyne INC	Stock-Tech	4.15%	+1.32%	-8.81%
6	CFR	Cullen/frost Bankers INC	Stock-Financials	4.03%	+0.40%	-4.16%
7	ST	Sensata Technologies Holding plc	Stock-Tech	3.34%	+0.52%	-7.66%
8	MRK	Merck & Co. INC.	Stock-Healthcare	3.20%	+0.64%	-7.77%
9	CFG	Citizens Financial Group	Stock-Financials	3.15%	+0.38%	-8.83%
10	DIS	Walt Disney Co/the	Stock-Comm Services	3.10%	-0.03%	-9.71%
11	LNC	Lincoln National CORP	Stock-Financials	3.04%	+0.30%	-13.07%
12	GPN	Global Payments INC	Stock-Industrials	2.93%	+0.04%	-9.12%
13	SHEL	Shell Plc-adr	Stock-Energy	2.85%	+0.11%	-9.56%
14	CSCO	Cisco Systems INC	Stock-Tech	2.79%	+0.41%	-9.47%
15	C	Citigroup INC	Stock-Financials	2.77%	+0.16%	-15.85%
16	XOM	Exxon Mobil CORP	Stock-Energy	2.76%	+0.20%	-9.07%
17	ZBH	Zimmer Biomet Holdings INC	Stock-Healthcare	2.49%	-0.08%	-9.09%
18	TSN	Tyson Foods Inc-cl A	Stock-Consumer Staples	2.49%	+0.30%	-8.78%
19	TFC	Truist Financial CORP	Stock-Financials	2.43%	+0.27%	-8.85%
20	UNH	Unitedhealth Group INC	Stock-Healthcare	2.35%	+0.04%	-9.03%
21	BAC	Bank Of America CORP	Stock-Financials	2.35%	-0.41%	-30.11%
22	LLY	Eli Lilly & Co	Stock-Healthcare	2.34%	+0.74%	-7.66%
23	SON	Sonoco Products Co	Stock-Consumer Disc	2.15%	+1.26%	+112.75%
24	EQH	Equitable Holdings INC	Stock-Financials	2.10%	-0.03%	-8.87%
25	KVUE	Kenvue INC	Stock-Consumer Staples	2.04%	+0.24%	-6.01%
26	DEA	Easterly Government Properti	Stock-Other	2.02%	—	-9.70%
27	IFF	Intl Flavors & Fragrances	Stock-Materials	1.95%	+0.17%	-7.61%
28	CB	Chubb Limited	Stock-Financials	1.75%	+0.25%	-7.70%
29	AMCR	Amcor plc	Stock-Consumer Disc	1.55%	+0.14%	-4.09%
30	O	Realty Income CORP	Stock-Real Estate	1.48%	-0.04%	-10.41%
31	BP	Bp Plc-spons Adr	Stock-Energy	1.41%	+0.03%	-12.03%
32	EOSE	Eos Energy Enterprises INC	Stock-Other	1.32%	-0.34%	-41.43%
33	ISRA	Vaneck Israel ETF	ETF-Other	1.26%	+0.24%	—
34	RIO	Rio Tinto Plc-spon Adr	Stock-Materials	1.20%	+0.19%	-8.45%
35	EG	Everest Group, Ltd.	Stock-Financials	0.94%	-0.04%	-9.23%
36	KMI	Kinder Morgan INC	Stock-Energy	0.71%	+0.05%	—
37	FANG	Diamondback Energy INC	Stock-Energy	0.69%	+0.06%	-8.92%
38	AWPAX	AB Sust Intl Thematic-a	Stock-Other	0.49%	+0.05%	-0.00%
39	BHP	Bhp Group Ltd-spon Adr	Stock-Materials	0.41%	+0.03%	-9.13%
40	SBI	Western Asset Intermediate	Stock-Other	0.35%	+0.04%	—
41	SLB	Slb LTD	Stock-Energy	0.29%	-1.33%	-85.90%
42	CNMD	Conmed CORP	Stock-Other	0.24%	-1.70%	-87.37%
43	PK	Park Hotels & Resorts INC	Stock-Real Estate	0.23%	+0.03%	—

Portfolio Performance

Performance for Q3 2026

+15.2%

Performance Last 4 Quarters

+65.9%

Based on 78% of reported portfolio value with available pricing

Stdev: +20.5%
Beta: +1.09
Alpha: +4.8%
Max Drawdown: -12.5%
Annualized Perf: +25.6%
Batting Avg vs S&P: +52.8%
Sortino: +2.45
Stutzer: +0.36
Treynor: +0.23
Sterling: +1.3
Calmar: +2.05
Information Ratio: +0.44
Tracking Error: +14.7%
Stdev Down: +10.2%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +81.8%
Worst 12 Months: -3.7%
Efficiency Ratio: +0.55
Sharpe: +1.22
Stdev Sectors: +11.1%
Skewness: +0.15
Kurtosis: -0.21
Upside Potential: +4.12

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-12-31	43	$105.8M	20	1MU 2BSM 3TSM Top holdings2025-12-31 1.MU 2.BSM 3.TSM 4.GOOG 5.TER 6.CFR 7.ST 8.MRK 9.CFG 10.DIS
2025-09-30	48	$120.1M	59	1MU 2TSM 3BSM Top holdings2025-09-30 1.MU 2.TSM 3.BSM 4.CFR 5.GOOG 6.DIS 7.GPN 8.TER 9.ST 10.CFG
2025-06-30	47	$186.7M	0	1TSM 2MU 3BSM Top holdings2025-06-30 1.TSM 2.MU 3.BSM 4.DIS 5.BAC 6.ST 7.C 8.GPN 9.SHEL 10.XOM
2025-03-31	49	$177.7M	100	1MU 2TSM 3BSM Top holdings2025-03-31 1.MU 2.TSM 3.BSM 4.GSK 5.SHEL 6.DIS 7.XOM 8.MRK 9.TSN 10.LNC
2024-12-31	49	$182.2M	0	1TSM 2MU 3BSM Top holdings2024-12-31 1.TSM 2.MU 3.BSM 4.DIS 5.CNMD 6.EQH 7.GSK 8.BMY 9.BAC 10.ST
2024-09-30	51	$195.4M	0	1MU 2TSM 3BSM Top holdings2024-09-30 1.MU 2.TSM 3.BSM 4.CNMD 5.CFG 6.EQH 7.C 8.BAC 9.LHX 10.XOM
2024-06-30	50	$188.6M	0	1MU 2TSM 3BSM Top holdings2024-06-30 1.MU 2.TSM 3.BSM 4.C 5.BP 6.EQH 7.CNMD 8.BAC 9.DIS 10.SHEL
2024-03-31	51	$184.4M	0	1MU 2BSM 3DIS Top holdings2024-03-31 1.MU 2.BSM 3.DIS 4.BP 5.IFF 6.C 7.TSM 8.EQH 9.BAC 10.CFG
2023-12-31	54	$178.9M	0	1MU 2BSM 3BP Top holdings2023-12-31 1.MU 2.BSM 3.BP 4.GM 5.IFF 6.TSM 7.SHEL 8.DIS 9.C 10.LHX
2023-09-30	57	$166.1M	0	1BSM 2BP 3MU Top holdings2023-09-30 1.BSM 2.BP 3.MU 4.GM 5.SHEL 6.IFF 7.TSM 8.CSCO 9.PXDEUR 10.DIS
2023-06-30	55	$156.1M	0	1BSM 2GM 3BP Top holdings2023-06-30 1.BSM 2.GM 3.BP 4.TSM 5.MU 6.CFR 7.SHEL 8.CSCO 9.C 10.DIS
2023-03-31	56	$171.1M	0	1BSM 2BP 3GM Top holdings2023-03-31 1.BSM 2.BP 3.GM 4.SWKS 5.MU 6.TSM 7.CFR 8.TSN 9.DIS 10.CSCO
2022-12-31	60	$164.8M	0	1BSM 2CFR 3BP Top holdings2022-12-31 1.BSM 2.CFR 3.BP 4.GM 5.BAC 6.SHEL 7.LNC 8.C 9.SWKS 10.MU
2022-09-30	61	$151.2M	0	1BSM 2CFR 3LNC Top holdings2022-09-30 1.BSM 2.CFR 3.LNC 4.GM 5.BP 6.DIS 7.BAC 8.MU 9.C 10.SHEL
2022-06-30	61	$164.2M	0	1LNC 2BSM 3CFR Top holdings2022-06-30 1.LNC 2.BSM 3.CFR 4.GM 5.VTRS 6.CTTAY 7.BP 8.DIS 9.BAC 10.C
2022-03-31	57	$182.6M	0	1LNC 2CFR 3GM Top holdings2022-03-31 1.LNC 2.CFR 3.GM 4.CAH 5.BSM 6.BAC 7.0VVB 8.C 9.VTRS 10.DIS
2021-12-31	50	$169.7M	0	1LNC 2GM 3CFR Top holdings2021-12-31 1.LNC 2.GM 3.CFR 4.BAC 5.C 6.DIS 7.CAH 8.JNJ 9.VTRS 10.AYI
2021-09-30	53	$175.5M	0	1LNC 2GM 3CFR Top holdings2021-09-30 1.LNC 2.GM 3.CFR 4.C 5.DIS 6.BAC 7.AYI 8.JNJ 9.CAH 10.VTRS
2021-06-30	51	$176.2M	99	1GM 2LNC 3CFR Top holdings2021-06-30 1.GM 2.LNC 3.CFR 4.JNJ 5.C 6.DIS 7.CAH 8.AYI 9.BAC 10.VTRS
2021-03-31	48	$174.0M	28	1GM 2LNC 3CFR Top holdings2021-03-31 1.GM 2.LNC 3.CFR 4.BAC 5.AYI 6.C 7.DIS 8.CAH 9.JNJ 10.T
2020-12-31	45	$151.4M	29	1CFR 2LNC 3GM Top holdings2020-12-31 1.CFR 2.LNC 3.GM 4.DIS 5.0VVB 6.C 7.CAH 8.BAC 9.AYI 10.T
2020-09-30	46	$125.0M	20	1CFR 2T 3CAH Top holdings2020-09-30 1.CFR 2.T 3.CAH 4.GM 5.0VVB 6.DIS 7.LNC 8.BAC 9.AYI 10.JNJ
2020-06-30	46	$127.4M	20	1CFR 2CAH 3T Top holdings2020-06-30 1.CFR 2.CAH 3.T 4.LNC 5.C 6.BAC 7.AYI 8.DIS 9.GM 10.0VVB
2020-03-31	51	$114.9M	54	1T 2CAH 3CFR Top holdings2020-03-31 1.T 2.CAH 3.CFR 4.BP 5.BAC 6.LNC 7.AYI 8.C 9.RHHBY 10.DIS
2019-12-31	49	$154.5M	25	1CFR 2C 3T Top holdings2019-12-31 1.CFR 2.C 3.T 4.BP 5.BAC 6.CAH 7.GM 8.RHHBY 9.AYI 10.AXS
2019-09-30	48	$147.4M	17	1CFR 2BAC 3BP Top holdings2019-09-30 1.CFR 2.BAC 3.BP 4.T 5.JNJ 6.C 7.GM 8.AXS 9.MCK 10.CAH
2019-06-30	50	$152.9M	18	1CFR 2BP 3BAC Top holdings2019-06-30 1.CFR 2.BP 3.BAC 4.C 5.GM 6.T 7.JNJ 8.CAH 9.MCK 10.RDS-A
2019-03-31	48	$151.5M	16	1CFR 2BP 3BAC Top holdings2019-03-31 1.CFR 2.BP 3.BAC 4.AMAT 5.GM 6.CAH 7.MRK 8.C 9.T 10.JNJ
2018-12-31	49	$145.5M	25	1CFR 2BP 3MRK Top holdings2018-12-31 1.CFR 2.BP 3.MRK 4.BAC 5.GM 6.CAH 7.T 8.AMAT 9.RDS-A 10.VZ
2018-09-30	48	$156.1M	20	1CFR 2BP 3BAC Top holdings2018-09-30 1.CFR 2.BP 3.BAC 4.C 5.CAH 6.MRK 7.OXY 8.T 9.SLB 10.GM
2018-06-30	64	$152.1M	21	1CFR 2BAC 3BP Top holdings2018-06-30 1.CFR 2.BAC 3.BP 4.GM 5.SLB 6.OXY 7.C 8.MRK 9.AXS 10.JNJ
2018-03-31	60	$146.7M	18	1CFR 2BAC 3GM Top holdings2018-03-31 1.CFR 2.BAC 3.GM 4.BP 5.SLB 6.C 7.AMAT 8.WRKUSD 9.AXS 10.T
2017-12-31	63	$160.1M	23	1CFR 2BAC 3C Top holdings2017-12-31 1.CFR 2.BAC 3.C 4.GM 5.WRKUSD 6.BP 7.SLB 8.G98294 9.T 10.OXY
2017-09-30	63	$151.9M	29	1CFR 2AMAT 3C Top holdings2017-09-30 1.CFR 2.AMAT 3.C 4.BAC 5.GM 6.G98294 7.WRKUSD 8.SLB 9.BP 10.T
2017-06-30	64	$152.0M	17	1CFR2G982943BAC Top holdings2017-06-30 1.CFR 2.G98294 3.BAC 4.GM 5.C 6.TEVA 7.AMAT 8.WRKUSD 9.SLB 10.T
2017-03-31	65	$150.1M	25	1CFR 2BAC 3AMAT Top holdings2017-03-31 1.CFR 2.BAC 3.AMAT 4.GM 5.G98294 6.C 7.TEVA 8.T 9.WRKUSD 10.WU
2016-12-31	65	$137.5M	20	1BAC 2GM 3CFR Top holdings2016-12-31 1.BAC 2.GM 3.CFR 4.TEVA 5.G98294 6.C 7.AMAT 8.UNP 9.WU 10.T
2016-09-30	69	$145.0M	26	1AMAT 2GM 3DOW Top holdings2016-09-30 1.AMAT 2.GM 3.DOW 4.G98294 5.UNP 6.WU 7.C 8.BA 9.CFR 10.T
2016-06-30	70	$155.8M	18	1WU 2DOW 3IBM Top holdings2016-06-30 1.WU 2.DOW 3.IBM 4.GM 5.PEG 6.T 7.AMAT 8.BA 9.UNP 10.BP
2016-03-31	73	$166.4M	13	1WU 2T 3GM Top holdings2016-03-31 1.WU 2.T 3.GM 4.PEG 5.DOW 6.IBM 7.BA 8.AMAT 9.C 10.UNP
2015-12-31	73	$170.4M	17	1T 2WU 3GM Top holdings2015-12-31 1.T 2.WU 3.GM 4.PEG 5.DOW 6.BA 7.BAC 8.IBM 9.SNY 10.C
2015-09-30	73	$176.4M	25	1WU 2T 3PEG Top holdings2015-09-30 1.WU 2.T 3.PEG 4.GM 5.IBM 6.SNY 7.BA 8.DOW 9.WRKUSD 10.BAC
2015-06-30	72	$192.0M	25	1WU 2T 3GM Top holdings2015-06-30 1.WU 2.T 3.GM 4.IBM 5.DOW 6.PEG 7.RKLB 8.BA 9.SNY 10.BP
2015-03-31	77	$157.5M	36	1WU 2T 3GM Top holdings2015-03-31 1.WU 2.T 3.GM 4.RKLB 5.BA 6.IBM 7.PEG 8.CFR 9.DOW 10.BP
2014-12-31	75	$222.3M	24	1HPE 2WU 3IBM Top holdings2014-12-31 1.HPE 2.WU 3.IBM 4.T 5.BA 6.GM 7.RKLB 8.PEG 9.VAL 10.DOW
2014-09-30	70	$235.0M	14	1IBM 2HPE 3WU Top holdings2014-09-30 1.IBM 2.HPE 3.WU 4.T 5.NLYEUR 6.BA 7.BKR 8.DOW 9.TEVA 10.TGT
2014-06-30	66	$252.8M	17	1WU 2IBM 3HPE Top holdings2014-06-30 1.WU 2.IBM 3.HPE 4.T 5.BKR 6.NLYEUR 7.ADM 8.ALL 9.BA 10.BP
2014-03-31	58	$246.3M	22	1IBM 2BKR 3HPE Top holdings2014-03-31 1.IBM 2.BKR 3.HPE 4.T 5.WU 6.TEVA 7.ADM 8.NLYEUR 9.ALL 10.855030
2013-12-31	52	$235.6M	14	18550302IBM 3BKR Top holdings2013-12-31 1.855030 2.IBM 3.BKR 4.ALL 5.WU 6.HPE 7.TEVA 8.BA 9.ADM 10.BP
2013-09-30	53	$246.4M	15	1WU 2IBM3855030 Top holdings2013-09-30 1.WU 2.IBM 3.855030 4.BA 5.ALL 6.ADM 7.BKR 8.TEVA 9.NLYEUR 10.NTTYY
2013-06-30	50	$238.8M	0	1WU 2BA3855030 Top holdings2013-06-30 1.WU 2.BA 3.855030 4.IBM 5.ALL 6.TEVA 7.ADM 8.BKR 9.HPE 10.NTTYY

Holding changes this quarter

Kempner Capital Management INC.'s most significant position changes for 2025-12-31: Sold out: Fmc CORP (FMC); Sold out: Baxter International INC (BAX); Sold out: LyondellBasell Industries N.V. (LYB); Sold out: Warner Bros Discovery INC (WBD); Sold out: Service Properties Trust (SVC).

Position changes disclosed by Kempner Capital Management INC. for the quarter ending 2025-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TER	Teradyne INC	+1.3%	-8.81%	Trim
2	SON	Sonoco Products Co	+1.3%	+112.75%	Add
3	GOOG	Alphabet Inc-cl C	+1.1%	-7.82%	Trim
4	LLY	Eli Lilly & Co	+0.7%	-7.66%	Trim
5	MU	Micron Technology INC	+0.7%	-31.56%	Trim
6	MRK	Merck & Co. INC.	+0.6%	-7.77%	Trim
7	ST	Sensata Technologies Holding plc	+0.5%	-7.66%	Trim
8	CSCO	Cisco Systems INC	+0.4%	-9.47%	Trim
9	CFR	Cullen/frost Bankers INC	+0.4%	-4.16%	Trim
10	CFG	Citizens Financial Group	+0.4%	-8.83%	Trim
11	LNC	Lincoln National CORP	+0.3%	-13.07%	Trim
12	TSN	Tyson Foods Inc-cl A	+0.3%	-8.78%	Trim
13	TFC	Truist Financial CORP	+0.3%	-8.85%	Trim
14	CB	Chubb Limited	+0.3%	-7.70%	Trim
15	ISRA	Vaneck Israel ETF	+0.2%	—	Unchanged
16	KVUE	Kenvue INC	+0.2%	-6.01%	Trim
17	XOM	Exxon Mobil CORP	+0.2%	-9.07%	Trim
18	RIO	Rio Tinto Plc-spon Adr	+0.2%	-8.45%	Trim
19	IFF	Intl Flavors & Fragrances	+0.2%	-7.61%	Trim
20	C	Citigroup INC	+0.2%	-15.85%	Trim
21	AMCR	Amcor plc	+0.1%	-4.09%	Trim
22	SHEL	Shell Plc-adr	+0.1%	-9.56%	Trim
23	FANG	Diamondback Energy INC	+0.1%	-8.92%	Trim
24	KMI	Kinder Morgan INC	+0.1%	—	Unchanged
25	AWPAX	AB Sust Intl Thematic-a	+0.1%	-0.00%	Trim
26	GPN	Global Payments INC	0%	-9.12%	Trim
27	UNH	Unitedhealth Group INC	0%	-9.03%	Trim
28	SBI	Western Asset Intermediate	0%	—	Unchanged
29	BP	Bp Plc-spons Adr	0%	-12.03%	Trim
30	BHP	Bhp Group Ltd-spon Adr	0%	-9.13%	Trim
31	PK	Park Hotels & Resorts INC	0%	—	Unchanged
32	DEA	Easterly Government Properti	—	-9.70%	Trim
33	DIS	Walt Disney Co/the	0%	-9.71%	Trim
34	EQH	Equitable Holdings INC	0%	-8.87%	Trim
35	O	Realty Income CORP	0%	-10.41%	Trim
36	EG	Everest Group, Ltd.	0%	-9.23%	Trim
37	ZBH	Zimmer Biomet Holdings INC	-0.1%	-9.09%	Trim
38	EOSE	Eos Energy Enterprises INC	-0.3%	-41.43%	Trim
39	BAC	Bank Of America CORP	-0.4%	-30.11%	Trim
40	BSM	Black Stone Minerals LP	-0.5%	-24.54%	Trim
41	TSM	Taiwan Semiconductor-sp Adr	-1.3%	-31.51%	Trim
42	SLB	Slb LTD	-1.3%	-85.90%	Trim
43	CNMD	Conmed CORP	-1.7%	-87.37%	Trim
44	FMC	Fmc CORP	—	EXIT	Sold out
45	BAX	Baxter International INC	—	EXIT	Sold out
46	LYB	LyondellBasell Industries N.V.	—	EXIT	Sold out
47	WBD	Warner Bros Discovery INC	—	EXIT	Sold out
48	SVC	Service Properties Trust	—	EXIT	Sold out

FAQ

What is Kempner Capital Management INC. and what type of investor is it?

Kempner Capital Management INC. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $105.8M, spread across 43 disclosed positions.

What are Kempner Capital Management INC.'s largest equity positions?

Based on the latest 13F filing, Kempner Capital Management INC.'s top holdings by market value are: 1. Micron Technology INC (MU) — $8.0M (7.6%) 2. Black Stone Minerals LP (BSM) — $6.2M (5.8%) 3. Taiwan Semiconductor-sp Adr (TSM) — $5.4M (5.1%) 4. Alphabet Inc-cl C (GOOG) — $4.6M (4.3%) 5. Teradyne INC (TER) — $4.4M (4.2%)

What changes did Kempner Capital Management INC. make in its most recent portfolio filing?

In the latest reported quarter, Kempner Capital Management INC. made 44 notable position adjustments: 0 new positions were initiated, 1 existing holdings were added to, 38 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Fmc CORP (FMC); Sold out: Baxter International INC (BAX); Sold out: LyondellBasell Industries N.V. (LYB); Sold out: Warner Bros Discovery INC (WBD); Sold out: Service Properties Trust (SVC)

What sectors does Kempner Capital Management INC. focus on?

Kempner Capital Management INC. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 40.1% • Health Care: 20.4% • Communication Services: 19.1% • Financials: 13.2% • Energy: 7.1%