Kempner Capital Management INC. 13F Filings Tracker & Analysis

CIK: 0000898399

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%.

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Personality snowflake

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

Kempner Capital Management INC.'s disclosed holdings carry a Herfindahl concentration index of 0.033 — mathematically equivalent to about 30 equally-sized positions, close to its 43 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.66), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 39% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

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

Filing History

Period	Filed	Type	EDGAR
2025-12-31	2026-01-12	13F-HR	View on EDGAR
2025-09-30	2025-10-16	13F-HR	View on EDGAR
2025-06-30	2025-07-15	13F-HR	View on EDGAR
2025-03-31	2025-04-21	13F-HR	View on EDGAR
2024-12-31	2025-01-23	13F-HR	View on EDGAR
2024-09-30	2024-10-21	13F-HR	View on EDGAR
2024-06-30	2024-07-19	13F-HR	View on EDGAR
2024-03-31	2024-04-11	13F-HR	View on EDGAR
2023-12-31	2024-01-24	13F-HR	View on EDGAR
2023-09-30	2023-10-19	13F-HR	View on EDGAR
2023-06-30	2023-07-18	13F-HR	View on EDGAR
2023-03-31	2023-04-21	13F-HR	View on EDGAR
2022-12-31	2023-01-13	13F-HR	View on EDGAR
2022-09-30	2022-10-11	13F-HR	View on EDGAR
2022-06-30	2022-07-19	13F-HR	View on EDGAR
2022-03-31	2022-04-13	13F-HR	View on EDGAR
2021-12-31	2022-01-18	13F-HR	View on EDGAR
2021-09-30	2021-11-01	13F-HR	View on EDGAR
2021-06-30	2021-07-23	13F-HR	View on EDGAR
2021-03-31	2021-04-27	13F-HR	View on EDGAR
2020-12-31	2021-01-05	13F-HR	View on EDGAR
2020-09-30	2020-10-06	13F-HR	View on EDGAR
2020-06-30	2020-07-15	13F-HR	View on EDGAR
2020-03-31	2020-04-13	13F-HR	View on EDGAR
2019-12-31	2020-01-14	13F-HR	View on EDGAR
2019-09-30	2019-10-04	13F-HR	View on EDGAR
2019-06-30	2019-07-08	13F-HR	View on EDGAR
2019-03-31	2019-04-05	13F-HR	View on EDGAR
2018-12-31	2019-01-09	13F-HR	View on EDGAR
2018-09-30	2018-10-05	13F-HR	View on EDGAR
2018-06-30	2018-07-09	13F-HR	View on EDGAR
2018-03-31	2018-04-06	13F-HR	View on EDGAR
2017-12-31	2018-01-09	13F-HR	View on EDGAR
2017-09-30	2017-10-10	13F-HR	View on EDGAR
2017-06-30	2017-07-12	13F-HR	View on EDGAR
2017-03-31	2017-04-11	13F-HR	View on EDGAR
2016-12-31	2017-01-06	13F-HR	View on EDGAR
2016-09-30	2016-10-04	13F-HR	View on EDGAR
2016-06-30	2016-07-06	13F-HR	View on EDGAR
2016-03-31	2016-04-06	13F-HR	View on EDGAR
2015-12-31	2016-01-06	13F-HR	View on EDGAR
2015-09-30	2015-10-06	13F-HR	View on EDGAR
2015-06-30	2015-07-01	13F-HR	View on EDGAR
2015-03-31	2015-04-07	13F-HR	View on EDGAR
2014-12-31	2015-01-06	13F-HR	View on EDGAR
2014-09-30	2014-10-08	13F-HR	View on EDGAR
2014-06-30	2014-07-10	13F-HR	View on EDGAR
2014-03-31	2014-04-14	13F-HR	View on EDGAR
2013-12-31	2014-01-07	13F-HR	View on EDGAR
2013-09-30	2013-10-04	13F-HR	View on EDGAR
2013-06-30	2013-07-02	13F-HR	View on EDGAR

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%

Peer Institutions

Institutions with a similar AUM

Continental Investors Services, INC.

CIK 0000883634

Total reported value

$105.8M

81 stks

2026-03-31

Concentration19.2

Portfolio Stability44.5

Sector conviction55.9

AUM within 0.0% of this institution

View detail

Connecticut Capital Management Group, LLC

CIK 0002097898

Total reported value

$105.8M

171 stks

2026-03-31

Concentration11.5

Portfolio Stability15.7

Sector conviction56.8

AUM within 0.0% of this institution

View detail

Pathway Wealth Management LLC

CIK 0002135623

Total reported value

$105.8M

30 stks

2026-03-31

Concentration65.6

Portfolio Stability10.4

Sector conviction100.0

AUM within 0.0% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Timber Creek Capital Management LLC

CIK 0001510848

Total reported value

$412.5M

78 stks

2026-03-31

Concentration10.6

Portfolio Stability20.0

Sector conviction64.0

3 of the top 5 holdings overlap, including Taiwan Semiconductor-sp Adr

View detail

Appaloosa LP

CIK 0001656456

Total reported value

$5.9B

31 stks

2026-03-31

Concentration27.9

Portfolio Stability57.1

Sector conviction73.2

3 of the top 5 holdings overlap, including Micron Technology INC

View detail

Point72 Italy, S.r.l.

CIK 0002006887

Total reported value

$134.7M

19 stks

2025-09-30

Stale — no recent filing

Concentration40.4

Portfolio Stability100.0

Sector conviction100.0

3 of the top 5 holdings overlap, including Taiwan Semiconductor-sp Adr

View detail

Kempner Capital Management INC. 13F Filings Tracker & Analysis

CIK: 0000898399

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%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "K"

Personality snowflake

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

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.66), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

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

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

Filing History

Period	Filed	Type	EDGAR
2025-12-31	2026-01-12	13F-HR	View on EDGAR
2025-09-30	2025-10-16	13F-HR	View on EDGAR
2025-06-30	2025-07-15	13F-HR	View on EDGAR
2025-03-31	2025-04-21	13F-HR	View on EDGAR
2024-12-31	2025-01-23	13F-HR	View on EDGAR
2024-09-30	2024-10-21	13F-HR	View on EDGAR
2024-06-30	2024-07-19	13F-HR	View on EDGAR
2024-03-31	2024-04-11	13F-HR	View on EDGAR
2023-12-31	2024-01-24	13F-HR	View on EDGAR
2023-09-30	2023-10-19	13F-HR	View on EDGAR
2023-06-30	2023-07-18	13F-HR	View on EDGAR
2023-03-31	2023-04-21	13F-HR	View on EDGAR
2022-12-31	2023-01-13	13F-HR	View on EDGAR
2022-09-30	2022-10-11	13F-HR	View on EDGAR
2022-06-30	2022-07-19	13F-HR	View on EDGAR
2022-03-31	2022-04-13	13F-HR	View on EDGAR
2021-12-31	2022-01-18	13F-HR	View on EDGAR
2021-09-30	2021-11-01	13F-HR	View on EDGAR
2021-06-30	2021-07-23	13F-HR	View on EDGAR
2021-03-31	2021-04-27	13F-HR	View on EDGAR
2020-12-31	2021-01-05	13F-HR	View on EDGAR
2020-09-30	2020-10-06	13F-HR	View on EDGAR
2020-06-30	2020-07-15	13F-HR	View on EDGAR
2020-03-31	2020-04-13	13F-HR	View on EDGAR
2019-12-31	2020-01-14	13F-HR	View on EDGAR
2019-09-30	2019-10-04	13F-HR	View on EDGAR
2019-06-30	2019-07-08	13F-HR	View on EDGAR
2019-03-31	2019-04-05	13F-HR	View on EDGAR
2018-12-31	2019-01-09	13F-HR	View on EDGAR
2018-09-30	2018-10-05	13F-HR	View on EDGAR
2018-06-30	2018-07-09	13F-HR	View on EDGAR
2018-03-31	2018-04-06	13F-HR	View on EDGAR
2017-12-31	2018-01-09	13F-HR	View on EDGAR
2017-09-30	2017-10-10	13F-HR	View on EDGAR
2017-06-30	2017-07-12	13F-HR	View on EDGAR
2017-03-31	2017-04-11	13F-HR	View on EDGAR
2016-12-31	2017-01-06	13F-HR	View on EDGAR
2016-09-30	2016-10-04	13F-HR	View on EDGAR
2016-06-30	2016-07-06	13F-HR	View on EDGAR
2016-03-31	2016-04-06	13F-HR	View on EDGAR
2015-12-31	2016-01-06	13F-HR	View on EDGAR
2015-09-30	2015-10-06	13F-HR	View on EDGAR
2015-06-30	2015-07-01	13F-HR	View on EDGAR
2015-03-31	2015-04-07	13F-HR	View on EDGAR
2014-12-31	2015-01-06	13F-HR	View on EDGAR
2014-09-30	2014-10-08	13F-HR	View on EDGAR
2014-06-30	2014-07-10	13F-HR	View on EDGAR
2014-03-31	2014-04-14	13F-HR	View on EDGAR
2013-12-31	2014-01-07	13F-HR	View on EDGAR
2013-09-30	2013-10-04	13F-HR	View on EDGAR
2013-06-30	2013-07-02	13F-HR	View on EDGAR