BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2024-08-13

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)

$2.9bn reported value +0.1% vs Q1 2024

266positions

28.2%in top 10

10 new 59 added 134 reduced 7 sold out vs Q1 2024

Also in the report of:

Dorsey & Whitney Trust CO LLC – $7.3m of shares are in both reports

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

Holdings, Q2 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	367,739	$164.4m5.64%	5.64%	Reduced -13.3k	-13,262 -3.5%
2	APPLE INC COM AAPL	AAPL	683,823	$144.0m4.94%	4.94%	Reduced -8.6k	-8,578 -1.2%
3	JPMORGAN CHASE & CO COM JPM	JPM	390,622	$79.0m2.71%	2.71%	Reduced -4.3k	-4,294 -1.1%
4	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	199,089	$74.6m2.56%	2.56%	Added +6.4k	+6,380 3.3%
5	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	275,936	$74.1m2.54%	2.54%	Added +4.7k	+4,728 1.7%
6	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	110,668	$60.4m2.07%	2.07%	Added +2.7k	+2,688 2.5%
7	ISHARES TR CORE S&P SCP ETF IJR	IJR	538,151	$57.4m1.97%	1.97%	Reduced -1.6k	-1,559 -0.3%
8	SCHWAB CHARLES CORP COM SCHW	SCHW	774,861	$57.1m1.96%	1.96%	Reduced -13.8k	-13,814 -1.8%
9	QUALCOMM INC COM QCOM	QCOM	277,682	$55.3m1.90%	1.90%	Reduced -17.2k	-17,160 -5.8%
10	WALMART INC COM WMT	WMT	798,330	$54.1m1.85%	1.85%	Reduced -37.3k	-37,303 -4.5%
11	ALPHABET INC CAP STK CL A GOOGL	GOOGL	295,794	$53.9m1.85%	1.85%	Reduced -6.1k	-6,134 -2.0%
12	MCKESSON CORP COM MCK	MCK	88,134	$51.5m1.77%	1.77%	Reduced -10.7k	-10,658 -10.8%
13	ISHARES TR MSCI EAFE ETF EFA	EFA	635,782	$49.8m1.71%	1.71%	Added +16.0k	+16,014 2.6%
14	AMAZON COM INC COM AMZN	AMZN	252,836	$48.9m1.68%	1.68%	Reduced -2.8k	-2,794 -1.1%
15	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	1,850,323	$47.7m1.64%	1.64%	Reduced -152.5k	-152,467 -7.6%
16	GOLDMAN SACHS GROUP INC COM GS	GS	99,990	$45.2m1.55%	1.55%	Reduced -5.3k	-5,267 -5.0%
17	BLACKROCK INC COM BLK	BLK	53,001	$41.7m1.43%	1.43%	Reduced -816	-816 -1.5%
18	ISHARES INC CORE MSCI EMKT IEMG	IEMG	749,805	$40.1m1.38%	1.38%	Added +10.6k	+10,630 1.4%
19	RTX CORPORATION COM RTX	RTX	395,541	$39.7m1.36%	1.36%	Reduced -7.2k	-7,234 -1.8%
20	MERCK & CO INC COM MRK	MRK	315,532	$39.3m1.35%	1.35%	Reduced -11.3k	-11,276 -3.5%
21	SAP SE SPON ADR SAP	SAP	190,403	$38.4m1.32%	1.32%	Reduced -12.7k	-12,674 -6.2%
22	CHEVRON CORP NEW COM CVX	CVX	239,746	$37.5m1.29%	1.29%	Reduced -3.1k	-3,051 -1.3%
23	JOHNSON & JOHNSON COM JNJ	JNJ	255,277	$37.3m1.28%	1.28%	Reduced -4.5k	-4,537 -1.8%
24	SALESFORCE INC COM CRM	CRM	140,723	$36.2m1.24%	1.24%	Reduced -6.0k	-5,986 -4.1%
25	CISCO SYS INC COM CSCO	CSCO	758,316	$36.0m1.24%	1.24%	Reduced -33.4k	-33,368 -4.2%
26	SYSCO CORP COM SYY	SYY	490,623	$35.0m1.20%	1.20%	Reduced -8.2k	-8,161 -1.6%
27	VERIZON COMMUNICATIONS INC COM VZ	VZ	827,707	$34.1m1.17%	1.17%	Reduced -15.4k	-15,442 -1.8%
28	PROCTER AND GAMBLE CO COM PG	PG	203,772	$33.6m1.15%	1.15%	Reduced -9.6k	-9,630 -4.5%
29	ALLSTATE CORP COM ALL	ALL	208,842	$33.5m1.15%	1.15%	Reduced -9.7k	-9,660 -4.4%
30	HOME DEPOT INC COM HD	HD	91,284	$31.4m1.08%	1.08%	Reduced -14.4k	-14,390 -13.6%
31	AIR PRODS & CHEMS INC COM APD	APD	114,989	$29.7m1.02%	1.02%	Reduced -8.0k	-7,971 -6.5%
32	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		379,982	$29.6m1.02%	1.02%	Reduced -5.2k	-5,161 -1.3%
33	FIRSTENERGY CORP COM FE	FE	765,808	$29.3m1.01%	1.01%	Reduced -10.0k	-10,010 -1.3%
34	NEWMONT CORP COM NEM	NEM	699,331	$29.3m1.00%	1.00%	Added +15.0k	+14,998 2.2%
35	AMGEN INC COM AMGN	AMGN	92,797	$29.0m0.99%	0.99%	Reduced -3.0k	-3,021 -3.1%
36	MEDTRONIC PLC SHS MDT	MDT	362,657	$28.8m0.99%	0.99%	Reduced -17.0k	-16,979 -4.5%
37	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	66,932	$27.2m0.93%	0.93%	Reduced -661	-661 -1.0%
38	SANOFI SPONSORED ADR SNY	SNY	556,819	$27.0m0.93%	0.93%	Reduced -2.5k	-2,537 -0.5%
39	PFIZER INC COM PFE	PFE	963,763	$27.0m0.93%	0.93%	Reduced -33.8k	-33,818 -3.4%
40	CARRIER GLOBAL CORPORATION COM CARR	CARR	425,210	$26.9m0.92%	0.92%	Reduced -9.9k	-9,894 -2.3%
41	METHANEX CORP COM MEOH	MEOH	545,925	$26.3m0.90%	0.90%	Reduced -4.6k	-4,558 -0.8%
42	GENERAL DYNAMICS CORP COM GD	GD	86,241	$25.0m0.86%	0.86%	Reduced -2.3k	-2,348 -2.6%
43	KINDER MORGAN INC DEL COM KMI	KMI	1,228,911	$24.4m0.84%	0.84%	Reduced -7.7k	-7,673 -0.6%
44	AUTOZONE INC COM AZO	AZO	8,184	$24.3m0.83%	0.83%	Reduced -476	-476 -5.5%
45	DISNEY WALT CO COM DIS	DIS	243,854	$24.2m0.83%	0.83%	Reduced -2.6k	-2,551 -1.0%
46	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	951,493	$24.0m0.82%	0.82%	Reduced -505.0k	-504,955 -34.7%
47	BAKER HUGHES COMPANY CL A BKR	BKR	656,718	$23.1m0.79%	0.79%	Reduced -12.8k	-12,775 -1.9%
48	US BANCORP DEL COM NEW USB	USB	560,392	$22.5m0.77%	0.77%	Reduced -20.7k	-20,691 -3.6%
49	CIENA CORP COM NEW CIEN	CIEN	455,365	$21.9m0.75%	0.75%	Reduced -7.1k	-7,117 -1.5%
50	COSTCO WHSL CORP NEW COM COST	COST	24,962	$21.2m0.73%	0.73%	Reduced -93	-93 -0.4%
51	DIAGEO PLC SPON ADR NEW DEO	DEO	161,631	$20.4m0.70%	0.70%	Reduced -10.5k	-10,480 -6.1%
52	FLEX LTD ORD FLEX	FLEX	686,992	$20.3m0.70%	0.70%	Reduced -8.3k	-8,262 -1.2%
53	PAYPAL HLDGS INC COM PYPL	PYPL	344,209	$20.0m0.69%	0.69%	Added +7.7k	+7,661 2.3%
54	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	132,731	$20.0m0.69%	0.69%	Reduced -4.7k	-4,733 -3.4%
55	CHUBB LIMITED COM CB	CB	77,150	$19.7m0.68%	0.68%	Reduced -4.6k	-4,608 -5.6%
56	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	222,947	$18.9m0.65%	0.65%	Added +3.2k	+3,208 1.5%
57	NIKE INC CL B NKE	NKE	237,209	$18.0m0.62%	0.62%	Added +214.2k	+214,206 931.2%
58	VISA INC COM CL A V	V	63,953	$16.8m0.58%	0.58%	Added +392	+392 0.6%
59	INTEL CORP COM INTC	INTC	520,346	$16.1m0.55%	0.55%	Added +273.4k	+273,449 110.8%
60	SHELL PLC SPON ADS SHEL	SHEL	215,149	$15.5m0.53%	0.53%	Reduced -2.4k	-2,380 -1.1%
61	BANK AMERICA CORP COM BAC	BAC	381,028	$15.2m0.52%	0.52%	Reduced -10.2k	-10,176 -2.6%
62	EATON CORP PLC SHS ETN	ETN	48,021	$15.1m0.52%	0.52%	Reduced -6.5k	-6,474 -11.9%
63	SOUTHERN CO COM SO	SO	192,031	$14.9m0.51%	0.51%	Reduced -1.3k	-1,264 -0.7%
64	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	48,432	$14.7m0.50%	0.50%	Reduced -1.8k	-1,843 -3.7%
65	KROGER CO COM KR	KR	275,431	$13.8m0.47%	0.47%	Reduced -8.6k	-8,646 -3.0%
66	REALTY INCOME CORP COM O	O	250,057	$13.2m0.45%	0.45%	Added +5.0k	+4,998 2.0%
67	DOLLAR TREE INC COM DLTR	DLTR	123,637	$13.2m0.45%	0.45%	Added +76.4k	+76,402 161.8%
68	EMERSON ELEC CO COM EMR	EMR	114,639	$12.6m0.43%	0.43%	Added +296	+296 0.3%
69	ISHARES TR CORE S&P500 ETF IVV	IVV	22,894	$12.5m0.43%	0.43%	Added +1.3k	+1,324 6.1%
70	MOLINA HEALTHCARE INC COM MOH	MOH	41,849	$12.4m0.43%	0.43%	Reduced -372	-372 -0.9%
71	BLACKSTONE INC COM BX	BX	98,533	$12.2m0.42%	0.42%	Reduced -1.5k	-1,475 -1.5%
72	GROCERY OUTLET HLDG CORP COM GO	GO	548,224	$12.1m0.42%	0.42%	Added +540.3k	+540,309 6826.4%
73	ISHARES TR CORE MSCI EAFE IEFA	IEFA	165,376	$12.0m0.41%	0.41%	Added +10.4k	+10,381 6.7%
74	QUEST DIAGNOSTICS INC COM DGX	DGX	86,467	$11.8m0.41%	0.41%	Reduced -7.4k	-7,362 -7.8%
75	BECTON DICKINSON & CO COM BDX	BDX	50,008	$11.7m0.40%	0.40%	Reduced -682	-682 -1.4%
76	EXXON MOBIL CORP COM XOM	XOM	94,035	$10.8m0.37%	0.37%	Added +7.0k	+6,994 8.0%
77	ECOLAB INC COM ECL	ECL	43,107	$10.3m0.35%	0.35%	Reduced -2.7k	-2,664 -5.8%
78	CVS HEALTH CORP COM CVS	CVS	170,836	$10.1m0.35%	0.35%	Reduced -20.7k	-20,658 -10.8%
79	LAMB WESTON HLDGS INC COM LW	LW	118,421	$10.0m0.34%	0.34%	Added +4.7k	+4,735 4.2%
80	BLACKBAUD INC COM BLKB	BLKB	129,016	$9.8m0.34%	0.34%	Reduced -16.8k	-16,774 -11.5%
81	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	1,269,125	$9.4m0.32%	0.32%	Reduced -220.2k	-220,162 -14.8%
82	ISHARES TR ESG SELECT SCRE XVV	XVV	206,639	$8.7m0.30%	0.30%	Reduced -27.3k	-27,340 -11.7%
83	ADOBE INC COM ADBE	ADBE	15,097	$8.4m0.29%	0.29%	Added +13.8k	+13,752 1022.5%
84	VENTAS INC COM VTR	VTR	159,640	$8.2m0.28%	0.28%	Reduced -97.5k	-97,537 -37.9%
85	STARBUCKS CORP COM SBUX	SBUX	100,764	$7.8m0.27%	0.27%	Reduced -37.7k	-37,702 -27.2%
86	WEYERHAEUSER CO MTN BE COM NEW WY	WY	262,276	$7.4m0.26%	0.26%	Reduced -18.0k	-18,040 -6.4%
87	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	104,263	$7.0m0.24%	0.24%	Reduced -3.6k	-3,594 -3.3%
88	ISHARES TR 1 3 YR TREAS BD SHY	SHY	83,266	$6.8m0.23%	0.23%	Reduced -3.0k	-2,964 -3.4%
89	ISHARES TR RUSSELL 2000 ETF IWM	IWM	33,471	$6.8m0.23%	0.23%	Added +1.3k	+1,262 3.9%
90	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	130,018	$6.4m0.22%	0.22%	Added +8.9k	+8,876 7.3%
91	BROOKFIELD RENEWABLE CORP CL A SUB VTG CL A SUB VTG		224,757	$6.4m0.22%	0.22%	Added +28.6k	+28,593 14.6%
92	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	115,482	$5.9m0.20%	0.20%	Added +3.1k	+3,117 2.8%
93	UNILEVER PLC SPON ADR NEW SPON ADR NEW		107,289	$5.9m0.20%	0.20%	Reduced -5.9k	-5,945 -5.2%
94	HOLOGIC INC COM HOLX	HOLX	79,134	$5.9m0.20%	0.20%	Added +8.9k	+8,908 12.7%
95	META PLATFORMS INC CL A META	META	11,344	$5.7m0.20%	0.20%	Reduced -637	-637 -5.3%
96	BROADCOM INC COM AVGO	AVGO	3,554	$5.7m0.20%	0.20%	Reduced -30	-30 -0.8%
97	MORGAN STANLEY COM NEW MS	MS	58,606	$5.7m0.20%	0.20%	Reduced -288	-288 -0.5%
98	NEXTRACKER INC CLASS A COM NXT	NXT	119,798	$5.6m0.19%	0.19%	Reduced -994	-994 -0.8%
99	UNION PAC CORP COM UNP	UNP	24,488	$5.5m0.19%	0.19%	Reduced -409	-409 -1.6%
100	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	48,804	$5.5m0.19%	0.19%	Unchanged

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
PIONEER NAT RES CO PXD	PXD	4,739	$1.2m4.7k shares
COLGATE PALMOLIVE CO CL	CL	3,570	$321.5k3.6k shares
ISHARES INC EWY	EWY	4,715	$316.4k4.7k shares
VANGUARD BD INDEX FDS BND	BND	3,261	$236.8k3.3k shares
DISCOVER FINL SVCS DFS	DFS	1,773	$232.4k1.8k shares
ILLINOIS TOOL WKS INC ITW	ITW	818	$220.7k818 shares
KEYSIGHT TECHNOLOGIES INC KEYS	KEYS	1,397	$218.5k1.4k shares