BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2024-11-08

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)

$3.1bn reported value +5.6% vs Q2 2024

275positions

27.8%in top 10

18 new 100 added 113 reduced 9 sold out vs Q2 2024

Also in the report of:

Dorsey & Whitney Trust CO LLC – $7.8m of shares are in both reports

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

Holdings, Q3 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	367,532	$158.1m5.14%	5.14%	Reduced -207	-207 -0.1%
2	APPLE INC COM AAPL	AAPL	670,530	$156.2m5.08%	5.08%	Reduced -13.3k	-13,293 -1.9%
3	JPMORGAN CHASE & CO COM JPM	JPM	388,080	$81.8m2.66%	2.66%	Reduced -2.5k	-2,542 -0.7%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	279,715	$79.4m2.58%	2.58%	Added +3.8k	+3,779 1.4%
5	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	202,806	$77.9m2.53%	2.53%	Added +3.7k	+3,717 1.9%
6	ISHARES TR CORE S&P SCP ETF IJR	IJR	545,671	$63.8m2.07%	2.07%	Added +7.5k	+7,520 1.4%
7	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	1,783,215	$63.1m2.05%	2.05%	Reduced -67.1k	-67,108 -3.6%
8	WALMART INC COM WMT	WMT	764,511	$61.7m2.01%	2.01%	Reduced -33.8k	-33,819 -4.2%
9	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	104,084	$59.9m1.95%	1.95%	Reduced -6.6k	-6,584 -6.0%
10	ISHARES TR MSCI EAFE ETF EFA	EFA	649,462	$54.3m1.77%	1.77%	Added +13.7k	+13,680 2.1%
11	SCHWAB CHARLES CORP COM SCHW	SCHW	784,534	$50.8m1.65%	1.65%	Added +9.7k	+9,673 1.2%
12	BLACKROCK INC COM BLK	BLK	53,009	$50.3m1.64%	1.64%	Added +8	+8 0.0%
13	GOLDMAN SACHS GROUP INC COM GS	GS	99,166	$49.1m1.60%	1.60%	Reduced -824	-824 -0.8%
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	292,588	$48.5m1.58%	1.58%	Reduced -3.2k	-3,206 -1.1%
15	RTX CORPORATION COM RTX	RTX	390,968	$47.4m1.54%	1.54%	Reduced -4.6k	-4,573 -1.2%
16	QUALCOMM INC COM QCOM	QCOM	275,400	$46.8m1.52%	1.52%	Reduced -2.3k	-2,282 -0.8%
17	AMAZON COM INC COM AMZN	AMZN	246,488	$45.9m1.49%	1.49%	Reduced -6.3k	-6,348 -2.5%
18	MCKESSON CORP COM MCK	MCK	85,607	$42.4m1.38%	1.38%	Reduced -2.5k	-2,527 -2.9%
19	SAP SE SPON ADR SAP	SAP	183,696	$42.1m1.37%	1.37%	Reduced -6.7k	-6,707 -3.5%
20	JOHNSON & JOHNSON COM JNJ	JNJ	256,308	$41.5m1.35%	1.35%	Added +1.0k	+1,031 0.4%
21	VERIZON COMMUNICATIONS INC COM VZ	VZ	899,364	$40.4m1.31%	1.31%	Added +71.7k	+71,657 8.7%
22	CISCO SYS INC COM CSCO	CSCO	752,132	$40.0m1.30%	1.30%	Reduced -6.2k	-6,184 -0.8%
23	NIKE INC CL B NKE	NKE	436,587	$38.8m1.26%	1.26%	Added +199.4k	+199,378 84.0%
24	SALESFORCE INC COM CRM	CRM	140,207	$38.4m1.25%	1.25%	Reduced -516	-516 -0.4%
25	SYSCO CORP COM SYY	SYY	490,386	$38.3m1.24%	1.24%	Reduced -237	-237 -0.1%
26	ALLSTATE CORP COM ALL	ALL	200,172	$38.2m1.24%	1.24%	Reduced -8.7k	-8,670 -4.2%
27	HOME DEPOT INC COM HD	HD	90,761	$36.8m1.20%	1.20%	Reduced -523	-523 -0.6%
28	PROCTER AND GAMBLE CO COM PG	PG	202,601	$35.1m1.14%	1.14%	Reduced -1.2k	-1,171 -0.6%
29	CHEVRON CORP NEW COM CVX	CVX	238,099	$35.1m1.14%	1.14%	Reduced -1.6k	-1,647 -0.7%
30	MERCK & CO INC COM MRK	MRK	304,445	$34.8m1.13%	1.13%	Reduced -11.1k	-11,087 -3.5%
31	AIR PRODS & CHEMS INC COM APD	APD	114,928	$34.2m1.11%	1.11%	Reduced -61	-61 -0.1%
32	FIRSTENERGY CORP COM FE	FE	766,035	$34.0m1.10%	1.10%	Added +227	+227 0.0%
33	SANOFI SPONSORED ADR SNY	SNY	584,342	$33.7m1.09%	1.09%	Added +27.5k	+27,523 4.9%
34	CARRIER GLOBAL CORPORATION COM CARR	CARR	415,077	$33.4m1.09%	1.09%	Reduced -10.1k	-10,133 -2.4%
35	NEWMONT CORP COM NEM	NEM	619,179	$33.1m1.08%	1.08%	Reduced -80.2k	-80,152 -11.5%
36	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	939,067	$30.7m1.00%	1.00%	Reduced -12.4k	-12,426 -1.3%
37	ISHARES INC CORE MSCI EMKT IEMG	IEMG	520,077	$29.9m0.97%	0.97%	Reduced -229.7k	-229,728 -30.6%
38	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	64,610	$29.7m0.97%	0.97%	Reduced -2.3k	-2,322 -3.5%
39	BAXTER INTL INC COM BAX	BAX	770,283	$29.5m0.96%	0.96%	New
40	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		377,273	$29.4m0.96%	0.96%	Reduced -2.7k	-2,709 -0.7%
41	AMGEN INC COM AMGN	AMGN	90,731	$29.2m0.95%	0.95%	Reduced -2.1k	-2,066 -2.2%
42	PFIZER INC COM PFE	PFE	953,123	$27.6m0.90%	0.90%	Reduced -10.6k	-10,640 -1.1%
43	KINDER MORGAN INC DEL COM KMI	KMI	1,238,387	$27.4m0.89%	0.89%	Added +9.5k	+9,476 0.8%
44	PAYPAL HLDGS INC COM PYPL	PYPL	338,991	$26.5m0.86%	0.86%	Reduced -5.2k	-5,218 -1.5%
45	GENERAL DYNAMICS CORP COM GD	GD	85,766	$25.9m0.84%	0.84%	Reduced -475	-475 -0.6%
46	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	262,181	$25.7m0.84%	0.84%	Added +39.2k	+39,234 17.6%
47	US BANCORP DEL COM NEW USB	USB	551,891	$25.5m0.83%	0.83%	Reduced -8.5k	-8,501 -1.5%
48	AUTOZONE INC COM AZO	AZO	7,993	$25.2m0.82%	0.82%	Reduced -191	-191 -2.3%
49	DIAGEO PLC SPON ADR NEW DEO	DEO	168,886	$24.1m0.78%	0.78%	Added +7.3k	+7,255 4.5%
50	COSTCO WHSL CORP NEW COM COST	COST	26,790	$23.8m0.77%	0.77%	Added +1.8k	+1,828 7.3%
51	BAKER HUGHES COMPANY CL A BKR	BKR	645,845	$23.3m0.76%	0.76%	Reduced -10.9k	-10,873 -1.7%
52	DISNEY WALT CO COM DIS	DIS	234,606	$22.6m0.73%	0.73%	Reduced -9.2k	-9,248 -3.8%
53	FLEX LTD ORD FLEX	FLEX	674,767	$22.6m0.73%	0.73%	Reduced -12.2k	-12,225 -1.8%
54	CHUBB LIMITED COM CB	CB	77,237	$22.3m0.73%	0.73%	Added +87	+87 0.1%
55	METHANEX CORP COM MEOH	MEOH	527,672	$21.8m0.71%	0.71%	Reduced -18.3k	-18,253 -3.3%
56	TE CONNECTIVITY PLC ORD SHS TEL	TEL	125,635	$19.0m0.62%	0.62%	New
57	CIENA CORP COM NEW CIEN	CIEN	298,797	$18.4m0.60%	0.60%	Reduced -156.6k	-156,568 -34.4%
58	SOUTHERN CO COM SO	SO	195,529	$17.6m0.57%	0.57%	Added +3.5k	+3,498 1.8%
59	VISA INC COM CL A V	V	63,525	$17.5m0.57%	0.57%	Reduced -428	-428 -0.7%
60	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	48,128	$17.0m0.55%	0.55%	Reduced -304	-304 -0.6%
61	EATON CORP PLC SHS ETN	ETN	48,277	$16.0m0.52%	0.52%	Added +256	+256 0.5%
62	INTEL CORP COM INTC	INTC	680,895	$16.0m0.52%	0.52%	Added +160.5k	+160,549 30.9%
63	REALTY INCOME CORP COM O	O	240,238	$15.2m0.50%	0.50%	Reduced -9.8k	-9,819 -3.9%
64	KROGER CO COM KR	KR	265,235	$15.2m0.49%	0.49%	Reduced -10.2k	-10,196 -3.7%
65	BLACKSTONE INC COM BX	BX	96,483	$14.8m0.48%	0.48%	Reduced -2.0k	-2,050 -2.1%
66	MOLINA HEALTHCARE INC COM MOH	MOH	42,737	$14.7m0.48%	0.48%	Added +888	+888 2.1%
67	SHELL PLC SPON ADS SHEL	SHEL	216,037	$14.2m0.46%	0.46%	Added +888	+888 0.4%
68	QUEST DIAGNOSTICS INC COM DGX	DGX	85,728	$13.3m0.43%	0.43%	Reduced -739	-739 -0.8%
69	ISHARES TR CORE S&P500 ETF IVV	IVV	22,565	$13.0m0.42%	0.42%	Reduced -329	-329 -1.4%
70	EMERSON ELEC CO COM EMR	EMR	116,179	$12.7m0.41%	0.41%	Added +1.5k	+1,540 1.3%
71	ISHARES TR CORE MSCI EAFE IEFA	IEFA	156,799	$12.2m0.40%	0.40%	Reduced -8.6k	-8,577 -5.2%
72	BECTON DICKINSON & CO COM BDX	BDX	49,085	$11.8m0.38%	0.38%	Reduced -923	-923 -1.9%
73	EXXON MOBIL CORP COM XOM	XOM	94,522	$11.1m0.36%	0.36%	Added +487	+487 0.5%
74	ECOLAB INC COM ECL	ECL	43,079	$11.0m0.36%	0.36%	Reduced -28	-28 -0.1%
75	GROCERY OUTLET HLDG CORP COM GO	GO	618,216	$10.8m0.35%	0.35%	Added +70.0k	+69,992 12.8%
76	BANK AMERICA CORP COM BAC	BAC	273,014	$10.8m0.35%	0.35%	Reduced -108.0k	-108,014 -28.4%
77	BLACKBAUD INC COM BLKB	BLKB	124,654	$10.6m0.34%	0.34%	Reduced -4.4k	-4,362 -3.4%
78	ISHARES TR ESG SELECT SCRE XVV	XVV	203,089	$9.0m0.29%	0.29%	Reduced -3.5k	-3,550 -1.7%
79	STARBUCKS CORP COM SBUX	SBUX	91,335	$8.9m0.29%	0.29%	Reduced -9.4k	-9,429 -9.4%
80	ADOBE INC COM ADBE	ADBE	16,922	$8.8m0.28%	0.28%	Added +1.8k	+1,825 12.1%
81	WEYERHAEUSER CO MTN BE COM NEW WY	WY	231,733	$7.8m0.26%	0.26%	Reduced -30.5k	-30,543 -11.7%
82	LAMB WESTON HLDGS INC COM LW	LW	120,349	$7.8m0.25%	0.25%	Added +1.9k	+1,928 1.6%
83	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	142,114	$7.5m0.24%	0.24%	Added +12.1k	+12,096 9.3%
84	ISHARES TR RUSSELL 2000 ETF IWM	IWM	33,632	$7.4m0.24%	0.24%	Added +161	+161 0.5%
85	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	103,500	$7.4m0.24%	0.24%	Reduced -763	-763 -0.7%
86	BROOKFIELD RENEWABLE CORP CL A SUB VTG CL A SUB VTG		218,772	$7.1m0.23%	0.23%	Reduced -6.0k	-5,985 -2.7%
87	HOLOGIC INC COM HOLX	HOLX	81,114	$6.6m0.21%	0.21%	Added +2.0k	+1,980 2.5%
88	BROADCOM INC COM AVGO	AVGO	35,920	$6.2m0.20%	0.20%	Added +380	+380 1.1%
89	CVS HEALTH CORP COM CVS	CVS	97,981	$6.2m0.20%	0.20%	Reduced -72.9k	-72,855 -42.6%
90	UNION PAC CORP COM UNP	UNP	24,922	$6.1m0.20%	0.20%	Added +434	+434 1.8%
91	MORGAN STANLEY COM NEW MS	MS	58,649	$6.1m0.20%	0.20%	Added +43	+43 0.1%
92	META PLATFORMS INC CL A META	META	10,636	$6.1m0.20%	0.20%	Reduced -708	-708 -6.2%
93	UNILEVER PLC SPON ADR NEW SPON ADR NEW		93,111	$6.0m0.20%	0.20%	Reduced -14.2k	-14,178 -13.2%
94	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	48,804	$6.0m0.20%	0.20%	Unchanged
95	3M CO COM MMM	MMM	41,580	$5.7m0.18%	0.18%	Reduced -2.5k	-2,464 -5.6%
96	NVIDIA CORPORATION COM NVDA	NVDA	45,690	$5.5m0.18%	0.18%	Added +9.7k	+9,650 26.8%
97	SPDR GOLD TR GOLD SHS GLD	GLD	22,497	$5.5m0.18%	0.18%	Reduced -915	-915 -3.9%
98	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	8,326	$5.2m0.17%	0.17%	Added +23	+23 0.3%
99	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	9,349	$4.9m0.16%	0.16%	Added +690	+690 8.0%
100	ISHARES TR S&P MC 400GR ETF IJK	IJK	53,772	$4.9m0.16%	0.16%	Unchanged

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
TE CONNECTIVITY LTD TEL1USD	TEL1USD	132,731	$20.0m132.7k shares
ISHARES INC ESGE	ESGE	46,501	$1.6m46.5k shares
VANGUARD INTL EQUITY INDEX F VNQI	VNQI	24,370	$988.7k24.4k shares
ISHARES TR EEM	EEM	7,553	$321.7k7.6k shares
AUTODESK INC ADSK	ADSK	1,051	$260.1k1.1k shares
VANGUARD INTL EQUITY INDEX F VEU	VEU	3,651	$214.1k3.7k shares
APPLIED MATLS INC AMAT	AMAT	900	$212.4k900 shares
WENDYS CO WEN	WEN	12,235	$207.5k12.2k shares
OATLY GROUP AB		11,000	$10.3k11.0k shares