BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2023-02-13

SEC-registered investment adviser since 1977 · corporation

Assets managed$5.7bn
Staff42 · 20 in investment roles
Main clients (by assets)High net worth individuals 62%, Charities 26%, Companies 3%
Private funds1 · $13.3m gross assets
Form ADV · 2026-03-31SEC adviser record

Legal entityBECKER CAPITAL MANAGEMENT, INC. (US)

$2.1bn reported value +12.7% vs Q3 2022

187positions

26.2%in top 10

5 new 57 added 97 reduced 9 sold out vs Q3 2022

Also in the report of:

Dorsey & Whitney Trust CO LLC – $5.0m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	397,777	$95.4m4.44%	4.44%	Added +3.2k	+3,213 0.8%
2	APPLE INC COM AAPL	AAPL	733,119	$95.3m4.44%	4.44%	Added +1.5k	+1,513 0.2%
3	SCHWAB CHARLES CORP COM SCHW	SCHW	736,159	$61.3m2.86%	2.86%	Added +7.8k	+7,850 1.1%
4	JPMORGAN CHASE & CO COM JPM	JPM	408,835	$54.8m2.55%	2.55%	Added +4.1k	+4,074 1.0%
5	JOHNSON & JOHNSON COM JNJ	JNJ	255,770	$45.2m2.10%	2.10%	Added +613	+613 0.2%
6	PFIZER INC COM PFE	PFE	848,407	$43.5m2.03%	2.03%	Added +4.3k	+4,329 0.5%
7	CHEVRON CORP NEW COM CVX	CVX	241,190	$43.3m2.02%	2.02%	Reduced -1.4k	-1,388 -0.6%
8	MCKESSON CORP COM MCK	MCK	114,169	$42.8m2.00%	2.00%	Reduced -5.8k	-5,808 -4.8%
9	CISCO SYS INC COM CSCO	CSCO	846,345	$40.3m1.88%	1.88%	Added +16.1k	+16,098 1.9%
10	MERCK & CO INC COM MRK	MRK	361,611	$40.1m1.87%	1.87%	Reduced -7.9k	-7,901 -2.1%
11	BLACKROCK INC COM BLK	BLK	55,561	$39.4m1.83%	1.83%	Added +1.3k	+1,303 2.4%
12	WALMART INC COM WMT	WMT	274,843	$39.0m1.82%	1.82%	Added +1.9k	+1,912 0.7%
13	GOLDMAN SACHS GROUP INC COM GS	GS	111,774	$38.4m1.79%	1.79%	Added +905	+905 0.8%
14	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	3,392,616	$37.1m1.73%	1.73%	Added +23.4k	+23,401 0.7%
15	PROCTER AND GAMBLE CO COM PG	PG	225,130	$34.1m1.59%	1.59%	Added +5.1k	+5,120 2.3%
16	HOME DEPOT INC COM HD	HD	107,403	$33.9m1.58%	1.58%	Added +337	+337 0.3%
17	US BANCORP DEL COM NEW USB	USB	726,184	$31.7m1.48%	1.48%	Reduced -4.1k	-4,147 -0.6%
18	FIRSTENERGY CORP COM FE	FE	747,761	$31.4m1.46%	1.46%	Added +5.5k	+5,541 0.8%
19	QUALCOMM INC COM QCOM	QCOM	279,150	$30.7m1.43%	1.43%	Added +18.6k	+18,631 7.2%
20	ALPHABET INC CAP STK CL A GOOGL	GOOGL	347,565	$30.7m1.43%	1.43%	Added +45.8k	+45,815 15.2%
21	ALLSTATE CORP COM ALL	ALL	223,220	$30.3m1.41%	1.41%	Reduced -9.5k	-9,492 -4.1%
22	AMGEN INC COM AMGN	AMGN	114,306	$30.0m1.40%	1.40%	Reduced -6.1k	-6,076 -5.0%
23	VERIZON COMMUNICATIONS INC COM VZ	VZ	740,173	$29.2m1.36%	1.36%	Added +728.0k	+727,989 5975.0%
24	BANK AMERICA CORP COM BAC	BAC	873,012	$28.9m1.35%	1.35%	Reduced -2.2k	-2,237 -0.3%
25	FIRST REP BK SAN FRANCISCO C COM FRCB	FRCB	237,110	$28.9m1.35%	1.35%	Added +48.2k	+48,168 25.5%
26	RTX CORPORATION COM RTX	RTX	281,846	$28.4m1.33%	1.33%	Reduced -6.5k	-6,546 -2.3%
27	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		417,082	$28.3m1.32%	1.32%	Reduced -2.8k	-2,806 -0.7%
28	SANOFI SPONSORED ADR SNY	SNY	573,340	$27.8m1.29%	1.29%	Added +35.2k	+35,206 6.5%
29	MEDTRONIC PLC SHS MDT	MDT	356,855	$27.7m1.29%	1.29%	Added +43.9k	+43,867 14.0%
30	GENERAL DYNAMICS CORP COM GD	GD	105,226	$26.1m1.22%	1.22%	Reduced -749	-749 -0.7%
31	NEWMONT CORP COM NEM	NEM	544,844	$25.7m1.20%	1.20%	Added +44.1k	+44,142 8.8%
32	PAYPAL HLDGS INC COM PYPL	PYPL	358,915	$25.6m1.19%	1.19%	Added +10.4k	+10,415 3.0%
33	AIR PRODS & CHEMS INC COM APD	APD	79,635	$24.5m1.14%	1.14%	Added +5.0k	+4,997 6.7%
34	CIENA CORP COM NEW CIEN	CIEN	477,446	$24.3m1.13%	1.13%	Reduced -2.7k	-2,673 -0.6%
35	FLEX LTD ORD FLEX	FLEX	1,105,690	$23.7m1.11%	1.11%	Reduced -60.6k	-60,634 -5.2%
36	SAP SE SPON ADR SAP	SAP	228,654	$23.6m1.10%	1.10%	Added +37.7k	+37,668 19.7%
37	BAKER HUGHES COMPANY CL A BKR	BKR	785,757	$23.2m1.08%	1.08%	Reduced -57.5k	-57,460 -6.8%
38	AUTOZONE INC COM AZO	AZO	9,220	$22.7m1.06%	1.06%	Reduced -1.6k	-1,591 -14.7%
39	LAMB WESTON HLDGS INC COM LW	LW	241,144	$21.5m1.00%	1.00%	Reduced -49.8k	-49,828 -17.1%
40	BLACKBAUD INC COM BLKB	BLKB	356,190	$21.0m0.98%	0.98%	Added +22.6k	+22,628 6.8%
41	QUEST DIAGNOSTICS INC COM DGX	DGX	133,956	$21.0m0.98%	0.98%	Reduced -3.8k	-3,762 -2.7%
42	DISNEY WALT CO COM DIS	DIS	240,434	$20.9m0.97%	0.97%	Reduced -8.8k	-8,767 -3.5%
43	KINDER MORGAN INC DEL COM KMI	KMI	1,146,956	$20.7m0.97%	0.97%	Added +64.4k	+64,418 6.0%
44	METHANEX CORP COM MEOH	MEOH	533,834	$20.2m0.94%	0.94%	Added +109.6k	+109,637 25.9%
45	SALESFORCE INC COM CRM	CRM	148,591	$19.7m0.92%	0.92%	Added +15.4k	+15,382 11.6%
46	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	63,591	$19.6m0.92%	0.92%	Reduced -2.4k	-2,429 -3.7%
47	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	1,268,143	$19.0m0.89%	0.89%	Added +468.4k	+468,355 58.6%
48	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	161,941	$18.6m0.87%	0.87%	Reduced -8.0k	-8,023 -4.7%
49	CARRIER GLOBAL CORPORATION COM CARR	CARR	446,390	$18.4m0.86%	0.86%	Added +113.4k	+113,387 34.0%
50	CVS HEALTH CORP COM CVS	CVS	196,926	$18.4m0.85%	0.85%	Reduced -13.1k	-13,126 -6.2%
51	SHELL PLC SPON ADS SHEL	SHEL	322,152	$18.3m0.85%	0.85%	Added +40.9k	+40,887 14.5%
52	CHUBB LIMITED COM CB	CB	82,153	$18.1m0.84%	0.84%	Added +1.2k	+1,187 1.5%
53	UNILEVER PLC SPON ADR NEW SPON ADR NEW		356,965	$18.0m0.84%	0.84%	Reduced -21.7k	-21,705 -5.7%
54	ALASKA AIR GROUP INC COM ALK	ALK	409,869	$17.6m0.82%	0.82%	Added +190.7k	+190,710 87.0%
55	FORD MTR CO COM F	F	1,462,265	$17.0m0.79%	0.79%	Reduced -25.6k	-25,598 -1.7%
56	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	62,699	$16.7m0.78%	0.78%	Added +4.0k	+4,026 6.9%
57	COLUMBIA SPORTSWEAR CO COM COLM	COLM	188,146	$16.5m0.77%	0.77%	Added +71.5k	+71,530 61.3%
58	STARBUCKS CORP COM SBUX	SBUX	155,810	$15.5m0.72%	0.72%	Added +7.1k	+7,079 4.8%
59	VENTAS INC COM VTR	VTR	337,090	$15.2m0.71%	0.71%	Reduced -88.5k	-88,462 -20.8%
60	REALTY INCOME CORP COM O	O	233,079	$14.8m0.69%	0.69%	Added +8.3k	+8,318 3.7%
61	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	1,538,008	$14.6m0.68%	0.68%	Added +935.5k	+935,532 155.3%
62	INTERNATIONAL PAPER CO COM IP	IP	402,219	$13.9m0.65%	0.65%	Added +42.7k	+42,731 11.9%
63	KROGER CO COM KR	KR	307,895	$13.7m0.64%	0.64%	Reduced -23.0k	-22,985 -7.0%
64	BECTON DICKINSON & CO COM BDX	BDX	51,785	$13.2m0.61%	0.61%	Reduced -190	-190 -0.4%
65	GILEAD SCIENCES INC COM GILD	GILD	149,113	$12.8m0.60%	0.60%	Reduced -108.3k	-108,303 -42.1%
66	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	119,721	$12.3m0.57%	0.57%	Reduced -37.6k	-37,623 -23.9%
67	FEDEX CORP COM FDX	FDX	70,548	$12.2m0.57%	0.57%	Reduced -14.8k	-14,758 -17.3%
68	MAGNA INTL INC COM MGA	MGA	216,746	$12.2m0.57%	0.57%	Added +118	+118 0.1%
69	VISA INC COM CL A V	V	57,231	$11.9m0.55%	0.55%	Added +910	+910 1.6%
70	COSTCO WHSL CORP NEW COM COST	COST	23,829	$10.9m0.51%	0.51%	Reduced -13	-13 -0.1%
71	EMERSON ELEC CO COM EMR	EMR	105,032	$10.1m0.47%	0.47%	Added +8.1k	+8,073 8.3%
72	EATON CORP PLC SHS ETN	ETN	63,138	$9.9m0.46%	0.46%	Added +6.0k	+5,959 10.4%
73	INTEL CORP COM INTC	INTC	362,154	$9.6m0.45%	0.45%	Reduced -28.8k	-28,793 -7.4%
74	SOUTHERN CO COM SO	SO	127,715	$9.1m0.42%	0.42%	Added +4.9k	+4,899 4.0%
75	WEYERHAEUSER CO MTN BE COM NEW WY	WY	273,251	$8.5m0.39%	0.39%	Reduced -28.2k	-28,163 -9.3%
76	BLACKSTONE INC COM BX	BX	112,311	$8.3m0.39%	0.39%	Reduced -1.6k	-1,590 -1.4%
77	3M CO COM MMM	MMM	68,893	$8.3m0.38%	0.38%	Reduced -18.4k	-18,384 -21.1%
78	MORGAN STANLEY COM NEW MS	MS	91,774	$7.8m0.36%	0.36%	Added +1.5k	+1,491 1.6%
79	CATERPILLAR INC COM CAT	CAT	30,407	$7.3m0.34%	0.34%	Reduced -15.4k	-15,420 -33.6%
80	CENTENE CORP DEL COM CNC	CNC	80,884	$6.6m0.31%	0.31%	Added +3.1k	+3,113 4.0%
81	DUTCH BROS INC CL A BROS	BROS	222,896	$6.3m0.29%	0.29%	Reduced -3.5k	-3,508 -1.6%
82	ECOLAB INC COM ECL	ECL	42,609	$6.2m0.29%	0.29%	Added +9.8k	+9,791 29.8%
83	UNION PAC CORP COM UNP	UNP	27,446	$5.7m0.26%	0.26%	Reduced -264	-264 -0.9%
84	EXXON MOBIL CORP COM XOM	XOM	46,206	$5.1m0.24%	0.24%	Reduced -1.6k	-1,610 -3.4%
85	TYSON FOODS INC CL A TSN	TSN	78,262	$4.9m0.23%	0.23%	Added +26.1k	+26,068 49.9%
86	CITIGROUP INC COM NEW C	C	107,375	$4.9m0.23%	0.23%	Reduced -18.2k	-18,178 -14.5%
87	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	8,772	$4.8m0.23%	0.23%	Reduced -40	-40 -0.5%
88	AVANGRID INC COM AGR	AGR	105,023	$4.5m0.21%	0.21%	Reduced -6.8k	-6,826 -6.1%
89	UNITEDHEALTH GROUP INC COM UNH	UNH	8,163	$4.3m0.20%	0.20%	Reduced -342	-342 -4.0%
90	META PLATFORMS INC CL A META	META	30,444	$3.7m0.17%	0.17%	Added +775	+775 2.6%
91	MARSH & MCLENNAN COS INC COM MRSH	MRSH	21,917	$3.6m0.17%	0.17%	Reduced -1.3k	-1,320 -5.7%
92	IMAX CORP COM IMAX	IMAX	241,107	$3.5m0.16%	0.16%	Added +7.9k	+7,880 3.4%
93	ABBVIE INC COM ABBV	ABBV	19,102	$3.1m0.14%	0.14%	Reduced -206	-206 -1.1%
94	NIKE INC CL B NKE	NKE	25,050	$2.9m0.14%	0.14%	Added +25	+25 0.1%
95	ALPHABET INC CAP STK CL C GOOG	GOOG	31,639	$2.8m0.13%	0.13%	Added +1.2k	+1,159 3.8%
96	PEPSICO INC COM PEP	PEP	15,416	$2.8m0.13%	0.13%	Added +281	+281 1.9%
97	MICRON TECHNOLOGY INC COM MU	MU	55,210	$2.8m0.13%	0.13%	Reduced -10.9k	-10,857 -16.4%
98	KELLANOVA COM K	K	38,722	$2.8m0.13%	0.13%	Reduced -12.7k	-12,678 -24.7%
99	PHILLIPS 66 COM PSX	PSX	23,917	$2.5m0.12%	0.12%	Reduced -2.9k	-2,921 -10.9%
100	HOLOGIC INC COM HOLX	HOLX	31,576	$2.4m0.11%	0.11%	Reduced -300	-300 -0.9%

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
ALLEGHANY CORP MD Y	Y	4,605	$3.9m4.6k shares
WALGREENS BOOTS ALLIANCE INC WBA	WBA	82,252	$2.6m82.3k shares
HOWARD HUGHES CORP HHC	HHC	45,517	$2.5m45.5k shares
LEGGETT & PLATT INC LEG	LEG	42,257	$1.4m42.3k shares
ZOOM COMMUNICATIONS INC ZM	ZM	12,301	$905.0k12.3k shares
ENBRIDGE INC ENB	ENB	9,555	$354.0k9.6k shares
CELANESE CORP DEL CE	CE	2,772	$250.0k2.8k shares
ORGANON & CO OGN	OGN	8,960	$210.0k9.0k shares
VIATRIS INC VTRS	VTRS	11,313	$96.0k11.3k shares