BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2024-05-15

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)

$2.9bn reported value +5.0% vs Q4 2023

263positions

26.6%in top 10

12 new 53 added 126 reduced 12 sold out vs Q4 2023

Also in the report of:

Dorsey & Whitney Trust CO LLC – $7.1m of shares are in both reports

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

Holdings, Q1 2024

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	381,001	$160.3m5.51%	5.51%	Reduced -7.9k	-7,908 -2.0%
2	APPLE INC COM AAPL	AAPL	692,401	$118.7m4.08%	4.08%	Reduced -11.0k	-10,961 -1.6%
3	JPMORGAN CHASE & CO COM JPM	JPM	394,916	$79.1m2.72%	2.72%	Reduced -6.1k	-6,055 -1.5%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	271,208	$70.5m2.42%	2.42%	Reduced -1.3k	-1,268 -0.5%
5	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	192,709	$66.3m2.28%	2.28%	Reduced -25.7k	-25,734 -11.8%
6	ISHARES TR CORE S&P SCP ETF IJR	IJR	539,710	$59.6m2.05%	2.05%	Added +18.2k	+18,186 3.5%
7	SCHWAB CHARLES CORP COM SCHW	SCHW	788,675	$57.1m1.96%	1.96%	Reduced -5.7k	-5,746 -0.7%
8	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	107,980	$56.7m1.95%	1.95%	Added +5.9k	+5,863 5.7%
9	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	2,002,790	$53.4m1.83%	1.83%	Reduced -1.1m	-1,065,233 -34.7%
10	MCKESSON CORP COM MCK	MCK	98,792	$53.1m1.82%	1.82%	Reduced -3.3k	-3,342 -3.3%
11	WALMART INC COM WMT	WMT	835,633	$50.5m1.73%	1.73%	Reduced -7.0k	-6,977 -0.8%
12	QUALCOMM INC COM QCOM	QCOM	294,842	$49.9m1.72%	1.72%	Reduced -2.1k	-2,092 -0.7%
13	ISHARES TR MSCI EAFE ETF EFA	EFA	619,768	$49.5m1.70%	1.70%	Added +256.9k	+256,916 70.8%
14	AMAZON COM INC COM AMZN	AMZN	255,630	$46.1m1.58%	1.58%	Added +403	+403 0.2%
15	ALPHABET INC CAP STK CL A GOOGL	GOOGL	301,928	$45.6m1.57%	1.57%	Reduced -13.6k	-13,635 -4.3%
16	BLACKROCK INC COM BLK	BLK	53,817	$44.9m1.54%	1.54%	Reduced -553	-553 -1.0%
17	SALESFORCE INC COM CRM	CRM	146,709	$44.2m1.52%	1.52%	Reduced -3.5k	-3,510 -2.3%
18	GOLDMAN SACHS GROUP INC COM GS	GS	105,257	$44.0m1.51%	1.51%	Reduced -1.1k	-1,115 -1.1%
19	MERCK & CO INC COM MRK	MRK	326,808	$43.4m1.49%	1.49%	Reduced -9.7k	-9,745 -2.9%
20	JOHNSON & JOHNSON COM JNJ	JNJ	259,814	$41.1m1.41%	1.41%	Added +7.8k	+7,850 3.1%
21	HOME DEPOT INC COM HD	HD	105,674	$40.5m1.39%	1.39%	Reduced -1.2k	-1,168 -1.1%
22	SYSCO CORP COM SYY	SYY	498,784	$40.5m1.39%	1.39%	Reduced -1.5k	-1,488 -0.3%
23	SAP SE SPON ADR SAP	SAP	203,077	$39.6m1.36%	1.36%	Reduced -4.2k	-4,250 -2.0%
24	CISCO SYS INC COM CSCO	CSCO	791,684	$39.5m1.36%	1.36%	Reduced -18.2k	-18,200 -2.2%
25	RTX CORPORATION COM RTX	RTX	402,775	$39.3m1.35%	1.35%	Reduced -589	-589 -0.1%
26	CHEVRON CORP NEW COM CVX	CVX	242,797	$38.3m1.32%	1.32%	Added +6.1k	+6,097 2.6%
27	ISHARES INC CORE MSCI EMKT IEMG	IEMG	739,175	$38.1m1.31%	1.31%	Reduced -104.3k	-104,290 -12.4%
28	ALLSTATE CORP COM ALL	ALL	218,502	$38.0m1.31%	1.31%	Reduced -5.7k	-5,676 -2.5%
29	VERIZON COMMUNICATIONS INC COM VZ	VZ	843,149	$35.4m1.22%	1.22%	Reduced -12.5k	-12,486 -1.5%
30	PROCTER AND GAMBLE CO COM PG	PG	213,402	$34.6m1.19%	1.19%	Added +697	+697 0.3%
31	MEDTRONIC PLC SHS MDT	MDT	379,636	$33.3m1.15%	1.15%	Added +3.9k	+3,909 1.0%
32	DISNEY WALT CO COM DIS	DIS	246,405	$30.2m1.04%	1.04%	Added +2.8k	+2,838 1.2%
33	AIR PRODS & CHEMS INC COM APD	APD	122,960	$30.0m1.03%	1.03%	Added +32.9k	+32,911 36.5%
34	FIRSTENERGY CORP COM FE	FE	775,818	$30.0m1.03%	1.03%	Added +15.0k	+15,017 2.0%
35	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	1,456,448	$29.1m1.00%	1.00%	Added +21.6k	+21,552 1.5%
36	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	67,593	$28.4m0.98%	0.98%	Added +319	+319 0.5%
37	PFIZER INC COM PFE	PFE	997,581	$27.7m0.95%	0.95%	Added +16.1k	+16,113 1.6%
38	AUTOZONE INC COM AZO	AZO	8,660	$27.3m0.94%	0.94%	Added +7	+7 0.1%
39	AMGEN INC COM AMGN	AMGN	95,818	$27.2m0.94%	0.94%	Reduced -3.0k	-3,032 -3.1%
40	SANOFI SPONSORED ADR SNY	SNY	559,356	$27.2m0.93%	0.93%	Reduced -17.0k	-17,024 -3.0%
41	US BANCORP DEL COM NEW USB	USB	581,083	$26.3m0.90%	0.90%	Reduced -1.6k	-1,587 -0.3%
42	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		385,143	$26.1m0.90%	0.90%	Added +3.4k	+3,381 0.9%
43	DIAGEO PLC SPON ADR NEW DEO	DEO	172,111	$25.9m0.89%	0.89%	Added +43.7k	+43,738 34.1%
44	CARRIER GLOBAL CORPORATION COM CARR	CARR	435,104	$25.3m0.87%	0.87%	Added +8.5k	+8,472 2.0%
45	GENERAL DYNAMICS CORP COM GD	GD	88,589	$25.0m0.86%	0.86%	Reduced -1.6k	-1,613 -1.8%
46	METHANEX CORP COM MEOH	MEOH	550,483	$24.6m0.84%	0.84%	Added +1.2k	+1,179 0.2%
47	NEWMONT CORP COM NEM	NEM	684,333	$24.5m0.84%	0.84%	Added +81.3k	+81,255 13.5%
48	CIENA CORP COM NEW CIEN	CIEN	462,482	$22.9m0.79%	0.79%	Reduced -6.8k	-6,836 -1.5%
49	KINDER MORGAN INC DEL COM KMI	KMI	1,236,584	$22.7m0.78%	0.78%	Added +9.3k	+9,251 0.8%
50	PAYPAL HLDGS INC COM PYPL	PYPL	336,548	$22.5m0.77%	0.77%	Added +40.3k	+40,273 13.6%
51	BAKER HUGHES COMPANY CL A BKR	BKR	669,493	$22.4m0.77%	0.77%	Reduced -1.1k	-1,142 -0.2%
52	CHUBB LIMITED COM CB	CB	81,758	$21.3m0.73%	0.73%	Reduced -1.4k	-1,362 -1.6%
53	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	137,464	$20.0m0.69%	0.69%	Reduced -4.7k	-4,715 -3.3%
54	FLEX LTD ORD FLEX	FLEX	695,254	$19.9m0.68%	0.68%	Reduced -10.8k	-10,763 -1.5%
55	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	219,739	$19.0m0.65%	0.65%	Added +17.7k	+17,740 8.8%
56	COSTCO WHSL CORP NEW COM COST	COST	25,055	$18.4m0.63%	0.63%	Reduced -144	-144 -0.6%
57	VISA INC COM CL A V	V	63,561	$17.7m0.61%	0.61%	Added +250	+250 0.4%
58	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	50,275	$17.4m0.60%	0.60%	Reduced -14.7k	-14,688 -22.6%
59	MOLINA HEALTHCARE INC COM MOH	MOH	42,221	$17.3m0.60%	0.60%	Added +290	+290 0.7%
60	EATON CORP PLC SHS ETN	ETN	54,495	$17.0m0.59%	0.59%	Reduced -5.4k	-5,365 -9.0%
61	KROGER CO COM KR	KR	284,077	$16.2m0.56%	0.56%	Reduced -5.5k	-5,461 -1.9%
62	CVS HEALTH CORP COM CVS	CVS	191,494	$15.3m0.52%	0.52%	Reduced -13.7k	-13,682 -6.7%
63	BANK AMERICA CORP COM BAC	BAC	391,204	$14.8m0.51%	0.51%	Reduced -11.8k	-11,797 -2.9%
64	SHELL PLC SPON ADS SHEL	SHEL	217,529	$14.6m0.50%	0.50%	Reduced -5.2k	-5,176 -2.3%
65	SOUTHERN CO COM SO	SO	193,295	$13.9m0.48%	0.48%	Added +8.2k	+8,235 4.5%
66	REALTY INCOME CORP COM O	O	245,059	$13.3m0.46%	0.46%	Added +12.3k	+12,271 5.3%
67	BLACKSTONE INC COM BX	BX	100,008	$13.1m0.45%	0.45%	Reduced -1.5k	-1,510 -1.5%
68	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	1,489,287	$13.0m0.45%	0.45%	Added +22.5k	+22,480 1.5%
69	EMERSON ELEC CO COM EMR	EMR	114,343	$13.0m0.45%	0.45%	Added +1.6k	+1,580 1.4%
70	STARBUCKS CORP COM SBUX	SBUX	138,466	$12.7m0.43%	0.43%	Reduced -6.0k	-6,015 -4.2%
71	BECTON DICKINSON & CO COM BDX	BDX	50,690	$12.5m0.43%	0.43%	Reduced -259	-259 -0.5%
72	QUEST DIAGNOSTICS INC COM DGX	DGX	93,829	$12.5m0.43%	0.43%	Reduced -31.3k	-31,275 -25.0%
73	LAMB WESTON HLDGS INC COM LW	LW	113,686	$12.1m0.42%	0.42%	Reduced -6.5k	-6,534 -5.4%
74	ISHARES TR CORE MSCI EAFE IEFA	IEFA	154,995	$11.5m0.40%	0.40%	Reduced -118.8k	-118,770 -43.4%
75	ISHARES TR CORE S&P500 ETF IVV	IVV	21,570	$11.3m0.39%	0.39%	Added +20	+20 0.1%
76	VENTAS INC COM VTR	VTR	257,177	$11.3m0.39%	0.39%	Reduced -6.2k	-6,211 -2.4%
77	INTEL CORP COM INTC	INTC	246,897	$10.9m0.37%	0.37%	Added +162.7k	+162,711 193.3%
78	BLACKBAUD INC COM BLKB	BLKB	145,790	$10.8m0.37%	0.37%	Reduced -38.7k	-38,715 -21.0%
79	ECOLAB INC COM ECL	ECL	45,771	$10.6m0.36%	0.36%	Reduced -7	-7 -0.0%
80	EXXON MOBIL CORP COM XOM	XOM	87,041	$10.1m0.35%	0.35%	Added +3.3k	+3,331 4.0%
81	WEYERHAEUSER CO MTN BE COM NEW WY	WY	280,316	$10.1m0.35%	0.35%	Reduced -5.0k	-5,007 -1.8%
82	ISHARES TR ESG SELECT SCRE XVV	XVV	233,979	$9.4m0.32%	0.32%	Added +9.8k	+9,785 4.4%
83	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	107,857	$7.3m0.25%	0.25%	Reduced -136.0k	-135,992 -55.8%
84	ISHARES TR 1 3 YR TREAS BD SHY	SHY	86,230	$7.1m0.24%	0.24%	Reduced -6.3k	-6,309 -6.8%
85	NEXTRACKER INC CLASS A COM NXT	NXT	120,792	$6.8m0.23%	0.23%	New
86	ISHARES TR RUSSELL 2000 ETF IWM	IWM	32,209	$6.8m0.23%	0.23%	Reduced -1.1k	-1,074 -3.2%
87	MAGNA INTL INC COM MGA	MGA	117,259	$6.4m0.22%	0.22%	Reduced -16.0k	-15,962 -12.0%
88	DOLLAR TREE INC COM DLTR	DLTR	47,235	$6.3m0.22%	0.22%	New
89	UNION PAC CORP COM UNP	UNP	24,897	$6.1m0.21%	0.21%	Reduced -435	-435 -1.7%
90	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	121,142	$6.1m0.21%	0.21%	Reduced -4.2k	-4,172 -3.3%
91	META PLATFORMS INC CL A META	META	11,981	$5.8m0.20%	0.20%	Reduced -178	-178 -1.5%
92	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	112,365	$5.8m0.20%	0.20%	Added +3.6k	+3,577 3.3%
93	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	48,804	$5.8m0.20%	0.20%	Unchanged
94	UNILEVER PLC SPON ADR NEW SPON ADR NEW		113,234	$5.7m0.20%	0.20%	Reduced -43.8k	-43,773 -27.9%
95	MORGAN STANLEY COM NEW MS	MS	58,894	$5.5m0.19%	0.19%	Reduced -2.1k	-2,120 -3.5%
96	HOLOGIC INC COM HOLX	HOLX	70,226	$5.5m0.19%	0.19%	Added +7.7k	+7,651 12.2%
97	ISHARES TR S&P MC 400GR ETF IJK	IJK	53,772	$4.9m0.17%	0.17%	Unchanged
98	SPDR GOLD TR GOLD SHS GLD	GLD	23,727	$4.9m0.17%	0.17%	Unchanged
99	3M CO COM MMM	MMM	45,562	$4.8m0.17%	0.17%	Reduced -7.3k	-7,310 -13.8%
100	BROOKFIELD RENEWABLE CORP CL A SUB VTG CL A SUB VTG		196,164	$4.8m0.17%	0.17%	Added +32.3k	+32,262 19.7%

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
VANGUARD WORLD FD ESGV	ESGV	17,146	$1.5m17.1k shares
LUTHER BURBANK CORP LBC	LBC	42,560	$455.8k42.6k shares
FISERV INC FISV	FISV	3,240	$430.4k3.2k shares
ISHARES TR EEM	EEM	9,799	$394.0k9.8k shares
WEC ENERGY GROUP INC WEC	WEC	4,587	$386.1k4.6k shares
DEERE & CO DE	DE	700	$280.9k700 shares
CELANESE CORP DEL CE	CE	1,666	$258.8k1.7k shares
AVERY DENNISON CORP AVY	AVY	1,259	$254.5k1.3k shares
KIMBERLY-CLARK CORP KMB	KMB	1,843	$226.1k1.8k shares
ISHARES U S ETF TR COMT	COMT	8,310	$208.3k8.3k shares
AMERICAN TOWER CORP NEW AMT	AMT	950	$206.7k950 shares
TRINITY BIOTECH PLC		90,000	$38.6k90.0k shares