BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2023-08-14

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)

$2.6bn reported value +4.5% vs Q1 2023

272positions

25.7%in top 10

22 new 87 added 102 reduced 6 sold out vs Q1 2023

Also in the report of:

Dorsey & Whitney Trust CO LLC – $6.5m of shares are in both reports

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

Holdings, Q2 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	732,837	$142.1m5.38%	5.38%	Added +15.2k	+15,185 2.1%
2	MICROSOFT CORP COM MSFT	MSFT	397,617	$135.4m5.12%	5.12%	Added +3.5k	+3,519 0.9%
3	JPMORGAN CHASE & CO COM JPM	JPM	401,266	$58.4m2.21%	2.21%	Added +8.3k	+8,309 2.1%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	263,750	$58.1m2.20%	2.20%	Reduced -670	-670 -0.2%
5	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	190,164	$53.8m2.04%	2.04%	Reduced -1.4k	-1,367 -0.7%
6	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	3,183,421	$49.2m1.86%	1.86%	Reduced -149.7k	-149,666 -4.5%
7	ISHARES TR CORE S&P SCP ETF IJR	IJR	458,563	$45.7m1.73%	1.73%	Reduced -35.6k	-35,552 -7.2%
8	MCKESSON CORP COM MCK	MCK	106,781	$45.7m1.73%	1.73%	Reduced -2.5k	-2,463 -2.2%
9	SCHWAB CHARLES CORP COM SCHW	SCHW	791,902	$44.9m1.70%	1.70%	Added +12.5k	+12,500 1.6%
10	WALMART INC COM WMT	WMT	283,917	$44.6m1.69%	1.69%	Added +8.8k	+8,812 3.2%
11	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	99,386	$44.2m1.67%	1.67%	Added +6.3k	+6,312 6.8%
12	CISCO SYS INC COM CSCO	CSCO	830,030	$42.9m1.63%	1.63%	Reduced -8.6k	-8,554 -1.0%
13	JOHNSON & JOHNSON COM JNJ	JNJ	256,064	$42.4m1.60%	1.60%	Added +4.3k	+4,286 1.7%
14	MERCK & CO INC COM MRK	MRK	348,147	$40.4m1.53%	1.53%	Reduced -5.1k	-5,112 -1.4%
15	ISHARES INC CORE MSCI EMKT IEMG	IEMG	793,798	$39.1m1.48%	1.48%	Reduced -8.9k	-8,934 -1.1%
16	BLACKROCK INC COM BLK	BLK	55,997	$38.7m1.46%	1.46%	Added +716	+716 1.3%
17	ALPHABET INC CAP STK CL A GOOGL	GOOGL	321,715	$38.5m1.46%	1.46%	Reduced -3.3k	-3,314 -1.0%
18	CHEVRON CORP NEW COM CVX	CVX	233,911	$36.8m1.39%	1.39%	Reduced -4.7k	-4,669 -2.0%
19	GOLDMAN SACHS GROUP INC COM GS	GS	109,769	$35.4m1.34%	1.34%	Reduced -2.6k	-2,581 -2.3%
20	PFIZER INC COM PFE	PFE	957,755	$35.1m1.33%	1.33%	Added +72.3k	+72,328 8.2%
21	MEDTRONIC PLC SHS MDT	MDT	387,888	$34.4m1.30%	1.30%	Added +3.8k	+3,831 1.0%
22	QUALCOMM INC COM QCOM	QCOM	284,765	$33.9m1.28%	1.28%	Added +6.2k	+6,211 2.2%
23	PROCTER AND GAMBLE CO COM PG	PG	220,972	$33.5m1.27%	1.27%	Reduced -2.5k	-2,504 -1.1%
24	HOME DEPOT INC COM HD	HD	107,552	$33.4m1.26%	1.26%	Reduced -293	-293 -0.3%
25	SALESFORCE INC COM CRM	CRM	154,780	$32.7m1.24%	1.24%	Reduced -3.7k	-3,677 -2.3%
26	AMAZON COM INC COM AMZN	AMZN	247,208	$32.2m1.22%	1.22%	Added +28.8k	+28,751 13.2%
27	VERIZON COMMUNICATIONS INC COM VZ	VZ	837,287	$31.1m1.18%	1.18%	Added +75.9k	+75,856 10.0%
28	SAP SE SPON ADR SAP	SAP	220,841	$30.2m1.14%	1.14%	Reduced -7.5k	-7,466 -3.3%
29	FIRSTENERGY CORP COM FE	FE	762,100	$29.6m1.12%	1.12%	Added +9.8k	+9,774 1.3%
30	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	1,358,608	$29.5m1.12%	1.12%	Added +78.4k	+78,440 6.1%
31	SANOFI SPONSORED ADR SNY	SNY	544,756	$29.4m1.11%	1.11%	Reduced -31.8k	-31,822 -5.5%
32	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		395,300	$28.3m1.07%	1.07%	Reduced -6.6k	-6,555 -1.6%
33	RTX CORPORATION COM RTX	RTX	276,624	$27.1m1.03%	1.03%	Added +7.2k	+7,221 2.7%
34	PAYPAL HLDGS INC COM PYPL	PYPL	398,267	$26.6m1.01%	1.01%	Added +39.5k	+39,452 11.0%
35	NEWMONT CORP COM NEM	NEM	616,349	$26.3m1.00%	1.00%	Added +56.0k	+56,039 10.0%
36	ALLSTATE CORP COM ALL	ALL	225,507	$24.8m0.94%	0.94%	Reduced -1.2k	-1,183 -0.5%
37	LAMB WESTON HLDGS INC COM LW	LW	210,816	$24.2m0.92%	0.92%	Reduced -15.7k	-15,725 -6.9%
38	BAKER HUGHES COMPANY CL A BKR	BKR	762,922	$24.1m0.91%	0.91%	Reduced -26.6k	-26,607 -3.4%
39	AMGEN INC COM AMGN	AMGN	106,363	$23.6m0.89%	0.89%	Reduced -6.9k	-6,862 -6.1%
40	AIR PRODS & CHEMS INC COM APD	APD	77,804	$23.4m0.89%	0.89%	Reduced -746	-746 -0.9%
41	ALASKA AIR GROUP INC COM ALK	ALK	438,438	$23.3m0.88%	0.88%	Added +32.1k	+32,092 7.9%
42	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	68,031	$23.2m0.88%	0.88%	Added +5.6k	+5,572 8.9%
43	DISNEY WALT CO COM DIS	DIS	253,919	$22.7m0.86%	0.86%	Added +15.4k	+15,351 6.4%
44	BLACKBAUD INC COM BLKB	BLKB	317,100	$22.6m0.85%	0.85%	Reduced -53.8k	-53,809 -14.5%
45	METHANEX CORP COM MEOH	MEOH	539,502	$22.3m0.84%	0.84%	Added +16.8k	+16,775 3.2%
46	CARRIER GLOBAL CORPORATION COM CARR	CARR	442,154	$22.1m0.83%	0.83%	Reduced -4.8k	-4,756 -1.1%
47	ISHARES TR MSCI EAFE ETF EFA	EFA	299,171	$21.7m0.82%	0.82%	Added +32.2k	+32,190 12.1%
48	US BANCORP DEL COM NEW USB	USB	642,796	$21.5m0.82%	0.82%	Reduced -85.3k	-85,279 -11.7%
49	GENERAL DYNAMICS CORP COM GD	GD	99,115	$21.3m0.81%	0.81%	Reduced -1.8k	-1,753 -1.7%
50	AUTOZONE INC COM AZO	AZO	8,476	$21.1m0.80%	0.80%	Reduced -79	-79 -0.9%
51	FORD MTR CO COM F	F	1,395,708	$21.1m0.80%	0.80%	Reduced -47.6k	-47,582 -3.3%
52	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	150,197	$21.1m0.80%	0.80%	Added +827	+827 0.6%
53	KINDER MORGAN INC DEL COM KMI	KMI	1,212,047	$20.9m0.79%	0.79%	Added +38.3k	+38,274 3.3%
54	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	65,318	$20.2m0.76%	0.76%	Added +537	+537 0.8%
55	FLEX LTD ORD FLEX	FLEX	727,806	$20.1m0.76%	0.76%	Added +29.0k	+29,024 4.2%
56	CIENA CORP COM NEW CIEN	CIEN	471,107	$20.0m0.76%	0.76%	Added +4.6k	+4,600 1.0%
57	UNILEVER PLC SPON ADR NEW SPON ADR NEW		370,511	$19.3m0.73%	0.73%	Reduced -11.1k	-11,104 -2.9%
58	ISHARES TR CORE MSCI EAFE IEFA	IEFA	269,898	$18.2m0.69%	0.69%	Added +3.8k	+3,840 1.4%
59	QUEST DIAGNOSTICS INC COM DGX	DGX	126,336	$17.8m0.67%	0.67%	Reduced -6.1k	-6,076 -4.6%
60	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	1,394,462	$17.5m0.66%	0.66%	Added +39.4k	+39,405 2.9%
61	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	261,905	$16.2m0.61%	0.61%	Reduced -10.8k	-10,824 -4.0%
62	CHUBB LIMITED COM CB	CB	82,660	$16.0m0.61%	0.61%	Reduced -309	-309 -0.4%
63	CVS HEALTH CORP COM CVS	CVS	222,829	$15.4m0.58%	0.58%	Added +7.7k	+7,716 3.6%
64	VISA INC COM CL A V	V	63,407	$15.1m0.57%	0.57%	Added +5.4k	+5,426 9.4%
65	STARBUCKS CORP COM SBUX	SBUX	149,886	$14.8m0.56%	0.56%	Added +5.3k	+5,338 3.7%
66	KROGER CO COM KR	KR	313,879	$14.8m0.56%	0.56%	Added +21.2k	+21,222 7.2%
67	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	172,801	$14.6m0.55%	0.55%	Reduced -11.7k	-11,671 -6.3%
68	SHELL PLC SPON ADS SHEL	SHEL	235,756	$14.2m0.54%	0.54%	Reduced -78.2k	-78,203 -24.9%
69	COSTCO WHSL CORP NEW COM COST	COST	25,837	$13.9m0.53%	0.53%	Added +2.1k	+2,074 8.7%
70	COLUMBIA SPORTSWEAR CO COM COLM	COLM	176,766	$13.7m0.52%	0.52%	Added +5.3k	+5,345 3.1%
71	BECTON DICKINSON & CO COM BDX	BDX	51,471	$13.6m0.51%	0.51%	Added +803	+803 1.6%
72	VENTAS INC COM VTR	VTR	278,156	$13.3m0.50%	0.50%	Reduced -38.6k	-38,584 -12.2%
73	EATON CORP PLC SHS ETN	ETN	63,907	$12.9m0.49%	0.49%	Reduced -763	-763 -1.2%
74	BANK AMERICA CORP COM BAC	BAC	439,127	$12.6m0.48%	0.48%	Reduced -15.8k	-15,807 -3.5%
75	INTERNATIONAL PAPER CO COM IP	IP	391,092	$12.4m0.47%	0.47%	Reduced -12.9k	-12,923 -3.2%
76	REALTY INCOME CORP COM O	O	198,685	$11.9m0.45%	0.45%	Reduced -41.8k	-41,769 -17.4%
77	SOUTHERN CO COM SO	SO	161,279	$11.3m0.43%	0.43%	Added +25.3k	+25,256 18.6%
78	MOLINA HEALTHCARE INC COM MOH	MOH	37,455	$11.3m0.43%	0.43%	New
79	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	99,479	$11.2m0.43%	0.43%	Reduced -10.0k	-9,995 -9.1%
80	EMERSON ELEC CO COM EMR	EMR	117,786	$10.6m0.40%	0.40%	Added +6.5k	+6,495 5.8%
81	MAGNA INTL INC COM MGA	MGA	183,075	$10.3m0.39%	0.39%	Reduced -14.0k	-13,979 -7.1%
82	BLACKSTONE INC COM BX	BX	107,537	$10.0m0.38%	0.38%	Added +3.6k	+3,620 3.5%
83	WEYERHAEUSER CO MTN BE COM NEW WY	WY	287,354	$9.6m0.36%	0.36%	Reduced -15.0k	-15,002 -5.0%
84	EXXON MOBIL CORP COM XOM	XOM	83,415	$8.9m0.34%	0.34%	Added +37.4k	+37,415 81.3%
85	ECOLAB INC COM ECL	ECL	45,272	$8.5m0.32%	0.32%	Added +491	+491 1.1%
86	ISHARES TR CORE S&P500 ETF IVV	IVV	16,054	$7.2m0.27%	0.27%	Reduced -160	-160 -1.0%
87	3M CO COM MMM	MMM	64,924	$6.5m0.25%	0.25%	Reduced -1.5k	-1,504 -2.3%
88	ISHARES TR RUSSELL 2000 ETF IWM	IWM	33,128	$6.2m0.23%	0.23%	Reduced -250	-250 -0.8%
89	ISHARES TR 1 3 YR TREAS BD SHY	SHY	66,646	$5.4m0.20%	0.20%	Added +9.9k	+9,944 17.5%
90	MORGAN STANLEY COM NEW MS	MS	62,543	$5.3m0.20%	0.20%	Added +12.8k	+12,811 25.8%
91	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	48,804	$5.2m0.20%	0.20%	Unchanged
92	UNION PAC CORP COM UNP	UNP	24,499	$5.0m0.19%	0.19%	Added +328	+328 1.4%
93	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	108,541	$5.0m0.19%	0.19%	Reduced -1.4k	-1,420 -1.3%
94	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	98,411	$5.0m0.19%	0.19%	Added +3.1k	+3,080 3.2%
95	UNITEDHEALTH GROUP INC COM UNH	UNH	10,183	$4.9m0.19%	0.19%	Added +1.5k	+1,507 17.4%
96	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	9,080	$4.7m0.18%	0.18%	Added +320	+320 3.6%
97	ALPHABET INC CAP STK CL C GOOG	GOOG	38,688	$4.7m0.18%	0.18%	Added +15.6k	+15,644 67.9%
98	BROOKFIELD RENEWABLE CORP CL A SUB VTG CL A SUB VTG		142,124	$4.5m0.17%	0.17%	Added +9.6k	+9,636 7.3%
99	ISHARES TR ESG SELECT SCRE XVV	XVV	120,629	$4.1m0.15%	0.15%	New
100	ISHARES TR S&P MC 400GR ETF IJK	IJK	53,772	$4.0m0.15%	0.15%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
PROSHARES TR TBF	TBF	69,205	$1.5m69.2k shares
CANADIAN PAC RY LTD		15,285	$1.2m15.3k shares
SELECT SECTOR SPDR TR XLF	XLF	16,828	$541.0k16.8k shares
METTLER TOLEDO INTERNATIONAL MTD	MTD	145	$221.9k145 shares
APA CORPORATION APA	APA	5,628	$202.9k5.6k shares
SCHWAB STRATEGIC TR SCHM	SCHM	2,980	$202.2k3.0k shares