BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2023-05-15

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)

Kindprivate equity, wealth
Others nearbyPortland, OR, Seattle, WA, Boise, ID, Bend, OR

As an employer

Offices in1 country
Private fundsprivate equity 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Portland, OR (main office)United States	United States	about 16
Seattle, WAUnited States	United States	2
Bend, ORUnited States	United States	1
Boise, IDUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$2.5bn reported value +17.8% vs Q4 2022

256positions

24.2%in top 10

80 new 66 added 87 reduced 11 sold out vs Q4 2022

Also in the report of:

Dorsey & Whitney Trust CO LLC – $6.1m of shares are in both reports

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

Holdings, Q1 2023

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	APPLE INC COM AAPL	AAPL	717,652	$118.3m4.68%	4.68%	Reduced -15.5k	-15,467 -2.1%
2	MICROSOFT CORP COM MSFT	MSFT	394,098	$113.6m4.49%	4.49%	Reduced -3.7k	-3,679 -0.9%
3	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	3,333,087	$54.6m2.16%	2.16%	Reduced -59.5k	-59,529 -1.8%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	264,420	$54.0m2.13%	2.13%	New
5	JPMORGAN CHASE & CO COM JPM	JPM	392,957	$51.2m2.02%	2.02%	Reduced -15.9k	-15,878 -3.9%
6	ISHARES TR CORE S&P SCP ETF IJR	IJR	494,115	$47.8m1.89%	1.89%	New
7	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	191,531	$47.8m1.89%	1.89%	New
8	CISCO SYS INC COM CSCO	CSCO	838,584	$43.8m1.73%	1.73%	Reduced -7.8k	-7,761 -0.9%
9	SCHWAB CHARLES CORP COM SCHW	SCHW	779,402	$40.8m1.61%	1.61%	Added +43.2k	+43,243 5.9%
10	WALMART INC COM WMT	WMT	275,105	$40.7m1.61%	1.61%	Added +262	+262 0.1%
11	ISHARES INC CORE MSCI EMKT IEMG	IEMG	802,732	$39.2m1.55%	1.55%	New
12	JOHNSON & JOHNSON COM JNJ	JNJ	251,778	$39.0m1.54%	1.54%	Reduced -4.0k	-3,992 -1.6%
13	MCKESSON CORP COM MCK	MCK	109,244	$39.0m1.54%	1.54%	Reduced -4.9k	-4,925 -4.3%
14	CHEVRON CORP NEW COM CVX	CVX	238,580	$38.9m1.54%	1.54%	Reduced -2.6k	-2,610 -1.1%
15	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	93,074	$38.2m1.51%	1.51%	New
16	MERCK & CO INC COM MRK	MRK	353,259	$37.8m1.50%	1.50%	Reduced -8.4k	-8,352 -2.3%
17	BLACKROCK INC COM BLK	BLK	55,281	$37.0m1.46%	1.46%	Reduced -280	-280 -0.5%
18	GOLDMAN SACHS GROUP INC COM GS	GS	112,350	$36.8m1.45%	1.45%	Added +576	+576 0.5%
19	PFIZER INC COM PFE	PFE	885,427	$36.1m1.43%	1.43%	Added +37.0k	+37,020 4.4%
20	QUALCOMM INC COM QCOM	QCOM	278,554	$35.5m1.41%	1.41%	Reduced -596	-596 -0.2%
21	ALPHABET INC CAP STK CL A GOOGL	GOOGL	325,029	$33.7m1.33%	1.33%	Reduced -22.5k	-22,536 -6.5%
22	PROCTER AND GAMBLE CO COM PG	PG	223,476	$33.2m1.31%	1.31%	Reduced -1.7k	-1,654 -0.7%
23	HOME DEPOT INC COM HD	HD	107,845	$31.8m1.26%	1.26%	Added +442	+442 0.4%
24	SALESFORCE INC COM CRM	CRM	158,457	$31.7m1.25%	1.25%	Added +9.9k	+9,866 6.6%
25	SANOFI SPONSORED ADR SNY	SNY	576,578	$31.4m1.24%	1.24%	Added +3.2k	+3,238 0.6%
26	MEDTRONIC PLC SHS MDT	MDT	384,057	$31.2m1.23%	1.23%	Added +27.2k	+27,202 7.6%
27	FIRSTENERGY CORP COM FE	FE	752,326	$30.1m1.19%	1.19%	Added +4.6k	+4,565 0.6%
28	VERIZON COMMUNICATIONS INC COM VZ	VZ	761,431	$29.6m1.17%	1.17%	Added +21.3k	+21,258 2.9%
29	SAP SE SPON ADR SAP	SAP	228,307	$28.9m1.14%	1.14%	Reduced -347	-347 -0.1%
30	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		401,855	$27.9m1.10%	1.10%	Reduced -15.2k	-15,227 -3.6%
31	NEWMONT CORP COM NEM	NEM	560,310	$27.5m1.09%	1.09%	Added +15.5k	+15,466 2.8%
32	AMGEN INC COM AMGN	AMGN	113,225	$27.4m1.08%	1.08%	Reduced -1.1k	-1,081 -0.9%
33	PAYPAL HLDGS INC COM PYPL	PYPL	358,815	$27.2m1.08%	1.08%	Reduced -100	-100 -0.0%
34	US BANCORP DEL COM NEW USB	USB	728,075	$26.6m1.05%	1.05%	Added +1.9k	+1,891 0.3%
35	RTX CORPORATION COM RTX	RTX	269,403	$26.4m1.04%	1.04%	Reduced -12.4k	-12,443 -4.4%
36	BLACKBAUD INC COM BLKB	BLKB	370,909	$25.7m1.02%	1.02%	Added +14.7k	+14,719 4.1%
37	ALLSTATE CORP COM ALL	ALL	226,690	$25.3m1.00%	1.00%	Added +3.5k	+3,470 1.6%
38	CIENA CORP COM NEW CIEN	CIEN	466,507	$24.5m0.97%	0.97%	Reduced -10.9k	-10,939 -2.3%
39	METHANEX CORP COM MEOH	MEOH	522,727	$24.3m0.96%	0.96%	Reduced -11.1k	-11,107 -2.1%
40	DISNEY WALT CO COM DIS	DIS	238,568	$23.9m0.94%	0.94%	Reduced -1.9k	-1,866 -0.8%
41	LAMB WESTON HLDGS INC COM LW	LW	226,541	$23.7m0.94%	0.94%	Reduced -14.6k	-14,603 -6.1%
42	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	1,280,168	$23.5m0.93%	0.93%	Added +12.0k	+12,025 0.9%
43	GENERAL DYNAMICS CORP COM GD	GD	100,868	$23.0m0.91%	0.91%	Reduced -4.4k	-4,358 -4.1%
44	BAKER HUGHES COMPANY CL A BKR	BKR	789,529	$22.8m0.90%	0.90%	Added +3.8k	+3,772 0.5%
45	AIR PRODS & CHEMS INC COM APD	APD	78,550	$22.7m0.90%	0.90%	Reduced -1.1k	-1,085 -1.4%
46	AMAZON COM INC COM AMZN	AMZN	218,457	$22.6m0.89%	0.89%	Added +196.2k	+196,167 880.1%
47	AUTOZONE INC COM AZO	AZO	8,555	$21.0m0.83%	0.83%	Reduced -665	-665 -7.2%
48	KINDER MORGAN INC DEL COM KMI	KMI	1,173,773	$20.6m0.81%	0.81%	Added +26.8k	+26,817 2.3%
49	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	1,355,057	$20.5m0.81%	0.81%	Reduced -183.0k	-182,951 -11.9%
50	CARRIER GLOBAL CORPORATION COM CARR	CARR	446,910	$20.4m0.81%	0.81%	Added +520	+520 0.1%
51	UNILEVER PLC SPON ADR NEW SPON ADR NEW		381,615	$19.8m0.78%	0.78%	Added +24.6k	+24,650 6.9%
52	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	149,370	$19.6m0.77%	0.77%	Reduced -12.6k	-12,571 -7.8%
53	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	62,459	$19.3m0.76%	0.76%	Reduced -1.1k	-1,132 -1.8%
54	ISHARES TR MSCI EAFE ETF EFA	EFA	266,981	$19.1m0.75%	0.75%	New
55	QUEST DIAGNOSTICS INC COM DGX	DGX	132,412	$18.7m0.74%	0.74%	Reduced -1.5k	-1,544 -1.1%
56	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	64,781	$18.5m0.73%	0.73%	Added +2.1k	+2,082 3.3%
57	FORD MTR CO COM F	F	1,443,290	$18.2m0.72%	0.72%	Reduced -19.0k	-18,975 -1.3%
58	SHELL PLC SPON ADS SHEL	SHEL	313,959	$18.1m0.71%	0.71%	Reduced -8.2k	-8,193 -2.5%
59	ISHARES TR CORE MSCI EAFE IEFA	IEFA	266,058	$17.8m0.70%	0.70%	New
60	ALASKA AIR GROUP INC COM ALK	ALK	406,346	$17.1m0.67%	0.67%	Reduced -3.5k	-3,523 -0.9%
61	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	272,729	$16.6m0.66%	0.66%	New
62	CHUBB LIMITED COM CB	CB	82,969	$16.2m0.64%	0.64%	Added +816	+816 1.0%
63	FLEX LTD ORD FLEX	FLEX	698,782	$16.1m0.64%	0.64%	Reduced -406.9k	-406,908 -36.8%
64	CVS HEALTH CORP COM CVS	CVS	215,113	$16.0m0.63%	0.63%	Added +18.2k	+18,187 9.2%
65	COLUMBIA SPORTSWEAR CO COM COLM	COLM	171,421	$15.5m0.61%	0.61%	Reduced -16.7k	-16,725 -8.9%
66	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	184,472	$15.3m0.61%	0.61%	New
67	REALTY INCOME CORP COM O	O	240,454	$15.3m0.60%	0.60%	Added +7.4k	+7,375 3.2%
68	STARBUCKS CORP COM SBUX	SBUX	144,548	$15.1m0.60%	0.60%	Reduced -11.3k	-11,262 -7.2%
69	INTERNATIONAL PAPER CO COM IP	IP	404,015	$14.6m0.58%	0.58%	Added +1.8k	+1,796 0.5%
70	KROGER CO COM KR	KR	292,657	$14.4m0.57%	0.57%	Reduced -15.2k	-15,238 -5.0%
71	VENTAS INC COM VTR	VTR	316,740	$13.9m0.55%	0.55%	Reduced -20.4k	-20,350 -6.0%
72	VISA INC COM CL A V	V	57,981	$13.1m0.52%	0.52%	Added +750	+750 1.3%
73	BANK AMERICA CORP COM BAC	BAC	454,934	$13.0m0.51%	0.51%	Reduced -418.1k	-418,078 -47.9%
74	BECTON DICKINSON & CO COM BDX	BDX	50,668	$12.5m0.50%	0.50%	Reduced -1.1k	-1,117 -2.2%
75	COSTCO WHSL CORP NEW COM COST	COST	23,763	$11.8m0.47%	0.47%	Reduced -66	-66 -0.3%
76	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	109,474	$11.4m0.45%	0.45%	Reduced -10.2k	-10,247 -8.6%
77	EATON CORP PLC SHS ETN	ETN	64,670	$11.1m0.44%	0.44%	Added +1.5k	+1,532 2.4%
78	MAGNA INTL INC COM MGA	MGA	197,054	$10.6m0.42%	0.42%	Reduced -19.7k	-19,692 -9.1%
79	EMERSON ELEC CO COM EMR	EMR	111,291	$9.7m0.38%	0.38%	Added +6.3k	+6,259 6.0%
80	SOUTHERN CO COM SO	SO	136,023	$9.5m0.37%	0.37%	Added +8.3k	+8,308 6.5%
81	TYSON FOODS INC CL A TSN	TSN	156,258	$9.3m0.37%	0.37%	Added +78.0k	+77,996 99.7%
82	BLACKSTONE INC COM BX	BX	103,917	$9.1m0.36%	0.36%	Reduced -8.4k	-8,394 -7.5%
83	WEYERHAEUSER CO MTN BE COM NEW WY	WY	302,356	$9.1m0.36%	0.36%	Added +29.1k	+29,105 10.7%
84	ECOLAB INC COM ECL	ECL	44,781	$7.4m0.29%	0.29%	Added +2.2k	+2,172 5.1%
85	3M CO COM MMM	MMM	66,428	$7.0m0.28%	0.28%	Reduced -2.5k	-2,465 -3.6%
86	ISHARES TR CORE S&P500 ETF IVV	IVV	16,214	$6.7m0.26%	0.26%	New
87	CATERPILLAR INC COM CAT	CAT	29,099	$6.7m0.26%	0.26%	Reduced -1.3k	-1,308 -4.3%
88	META PLATFORMS INC CL A META	META	29,155	$6.2m0.24%	0.24%	Reduced -1.3k	-1,289 -4.2%
89	ISHARES TR RUSSELL 2000 ETF IWM	IWM	33,378	$6.0m0.24%	0.24%	New
90	DUTCH BROS INC CL A BROS	BROS	168,748	$5.3m0.21%	0.21%	Reduced -54.1k	-54,148 -24.3%
91	CENTENE CORP DEL COM CNC	CNC	83,894	$5.3m0.21%	0.21%	Added +3.0k	+3,010 3.7%
92	U S XPRESS ENTERPRISES INC COM CL A USX	USX	865,988	$5.1m0.20%	0.20%	Reduced -4.2k	-4,159 -0.5%
93	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	8,760	$5.1m0.20%	0.20%	Reduced -12	-12 -0.1%
94	EXXON MOBIL CORP COM XOM	XOM	46,000	$5.0m0.20%	0.20%	Reduced -206	-206 -0.5%
95	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	48,804	$5.0m0.20%	0.20%	New
96	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	109,961	$5.0m0.20%	0.20%	New
97	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	95,331	$4.9m0.19%	0.19%	New
98	UNION PAC CORP COM UNP	UNP	24,171	$4.9m0.19%	0.19%	Reduced -3.3k	-3,275 -11.9%
99	ISHARES TR 1 3 YR TREAS BD SHY	SHY	56,702	$4.7m0.18%	0.18%	New
100	IMAX CORP COM IMAX	IMAX	241,941	$4.6m0.18%	0.18%	Added +834	+834 0.3%

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
FIRST REP BK SAN FRANCISCO C FRCB	FRCB	237,110	$28.9m237.1k shares
CONOCOPHILLIPS COP	COP	11,913	$1.4m11.9k shares
SMUCKER J M CO SJM	SJM	4,542	$719.7k4.5k shares
APOLLO GLOBAL MGMT INC APO	APO	6,250	$398.7k6.2k shares
COLUMBIA BKG SYS INC COLB	COLB	12,831	$386.6k12.8k shares
ENVIRI CORP		49,898	$313.9k49.9k shares
AMERICAN INTL GROUP INC AIG	AIG	3,703	$234.2k3.7k shares
BAXTER INTL INC BAX	BAX	4,526	$230.7k4.5k shares
DUKE ENERGY CORP NEW DUK	DUK	2,130	$219.4k2.1k shares
ARES CAPITAL CORP ARCC	ARCC	11,622	$214.7k11.6k shares
JEWETT CAMERON TRADING LTD JCTC	JCTC	24,592	$141.9k24.6k shares