CIK: 0000872259
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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Bahl & Gaynor INC's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 64 equally-sized positions, well below its 327 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 2.03), 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.
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.
Showing top 200 holdings (of 327 total)
| # | 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 |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-07 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-06 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-07 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-02 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-03 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-03 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-08 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-12 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-10 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-06 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-11 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-02 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-26 | Amendment | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-13 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-09 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-11 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-11 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-08-10 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-09 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-07 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-10 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-10 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-10 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-03 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-12 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-04 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-12 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-20 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-13 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-16 | 13F-HR | View on EDGAR |
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