BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2025-02-14

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)

$3.1bn reported value -0.4% vs Q3 2024

272positions

29.0%in top 10

12 new 58 added 137 reduced 15 sold out vs Q3 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, Q4 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	APPLE INC COM AAPL	AAPL	662,944	$166.0m5.42%	5.42%	Reduced -7.6k	-7,586 -1.1%
2	MICROSOFT CORP COM MSFT	MSFT	363,776	$153.3m5.01%	5.01%	Reduced -3.8k	-3,756 -1.0%
3	JPMORGAN CHASE & CO COM JPM	JPM	384,929	$92.3m3.01%	3.01%	Reduced -3.2k	-3,151 -0.8%
4	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	215,971	$88.6m2.89%	2.89%	Added +13.2k	+13,165 6.5%
5	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	272,969	$79.1m2.58%	2.58%	Reduced -6.7k	-6,746 -2.4%
6	WALMART INC COM WMT	WMT	742,917	$67.3m2.20%	2.20%	Reduced -21.6k	-21,594 -2.8%
7	ISHARES TR CORE S&P SCP ETF IJR	IJR	568,794	$65.5m2.14%	2.14%	Added +23.1k	+23,123 4.2%
8	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	1,714,980	$62.9m2.05%	2.05%	Reduced -68.2k	-68,235 -3.8%
9	SCHWAB CHARLES CORP COM SCHW	SCHW	778,106	$57.6m1.88%	1.88%	Reduced -6.4k	-6,428 -0.8%
10	AMAZON COM INC COM AMZN	AMZN	249,064	$54.6m1.78%	1.78%	Added +2.6k	+2,576 1.1%
11	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	92,389	$54.3m1.77%	1.77%	Reduced -11.7k	-11,695 -11.2%
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	286,279	$54.2m1.77%	1.77%	Reduced -6.3k	-6,309 -2.2%
13	GOLDMAN SACHS GROUP INC COM GS	GS	93,806	$53.7m1.75%	1.75%	Reduced -5.4k	-5,360 -5.4%
14	ISHARES TR MSCI EAFE ETF EFA	EFA	705,481	$53.3m1.74%	1.74%	Added +56.0k	+56,019 8.6%
15	BLACKROCK INC COM BLK	BLK	51,131	$52.4m1.71%	1.71%	New
16	MCKESSON CORP COM MCK	MCK	84,740	$48.4m1.58%	1.58%	Reduced -867	-867 -1.0%
17	SALESFORCE INC COM CRM	CRM	136,276	$45.6m1.49%	1.49%	Reduced -3.9k	-3,931 -2.8%
18	RTX CORPORATION COM RTX	RTX	387,254	$44.8m1.46%	1.46%	Reduced -3.7k	-3,714 -0.9%
19	SAP SE SPON ADR SAP	SAP	177,920	$43.8m1.43%	1.43%	Reduced -5.8k	-5,776 -3.1%
20	CISCO SYS INC COM CSCO	CSCO	737,768	$43.7m1.43%	1.43%	Reduced -14.4k	-14,364 -1.9%
21	QUALCOMM INC COM QCOM	QCOM	276,858	$42.5m1.39%	1.39%	Added +1.5k	+1,458 0.5%
22	ALLSTATE CORP COM ALL	ALL	196,175	$38.0m1.24%	1.24%	Reduced -4.0k	-3,997 -2.0%
23	HOME DEPOT INC COM HD	HD	94,901	$36.9m1.21%	1.21%	Added +4.1k	+4,140 4.6%
24	SYSCO CORP COM SYY	SYY	477,417	$36.5m1.19%	1.19%	Reduced -13.0k	-12,969 -2.6%
25	JOHNSON & JOHNSON COM JNJ	JNJ	252,377	$36.5m1.19%	1.19%	Reduced -3.9k	-3,931 -1.5%
26	VERIZON COMMUNICATIONS INC COM VZ	VZ	860,873	$34.4m1.12%	1.12%	Reduced -38.5k	-38,491 -4.3%
27	CHEVRON CORP NEW COM CVX	CVX	235,728	$34.1m1.11%	1.11%	Reduced -2.4k	-2,371 -1.0%
28	PROCTER AND GAMBLE CO COM PG	PG	202,614	$34.0m1.11%	1.11%	Added +13	+13 0.0%
29	NIKE INC CL B NKE	NKE	440,771	$33.5m1.09%	1.09%	Added +4.2k	+4,184 1.0%
30	AIR PRODS & CHEMS INC COM APD	APD	114,725	$33.3m1.09%	1.09%	Reduced -203	-203 -0.2%
31	KINDER MORGAN INC DEL COM KMI	KMI	1,185,156	$32.5m1.06%	1.06%	Reduced -53.2k	-53,231 -4.3%
32	FIRSTENERGY CORP COM FE	FE	777,300	$30.9m1.01%	1.01%	Added +11.3k	+11,265 1.5%
33	MERCK & CO INC COM MRK	MRK	305,546	$30.6m1.00%	1.00%	Added +1.1k	+1,101 0.4%
34	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	64,786	$29.4m0.96%	0.96%	Added +176	+176 0.3%
35	PAYPAL HLDGS INC COM PYPL	PYPL	339,684	$29.0m0.95%	0.95%	Added +693	+693 0.2%
36	CARRIER GLOBAL CORPORATION COM CARR	CARR	396,246	$27.1m0.89%	0.89%	Reduced -18.8k	-18,831 -4.5%
37	US BANCORP DEL COM NEW USB	USB	560,095	$27.1m0.88%	0.88%	Added +8.2k	+8,204 1.5%
38	SANOFI SPONSORED ADR SNY	SNY	553,764	$26.7m0.87%	0.87%	Reduced -30.6k	-30,578 -5.2%
39	METHANEX CORP COM MEOH	MEOH	532,959	$26.6m0.87%	0.87%	Added +5.3k	+5,287 1.0%
40	DISNEY WALT CO COM DIS	DIS	235,018	$26.3m0.86%	0.86%	Added +412	+412 0.2%
41	BAKER HUGHES COMPANY CL A BKR	BKR	620,143	$25.4m0.83%	0.83%	Reduced -25.7k	-25,702 -4.0%
42	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	283,762	$25.3m0.83%	0.83%	Added +21.6k	+21,581 8.2%
43	AUTOZONE INC COM AZO	AZO	7,830	$25.1m0.82%	0.82%	Reduced -163	-163 -2.0%
44	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		378,997	$24.8m0.81%	0.81%	Added +1.7k	+1,724 0.5%
45	FLEX LTD ORD FLEX	FLEX	639,005	$24.5m0.80%	0.80%	Reduced -35.8k	-35,762 -5.3%
46	COSTCO WHSL CORP NEW COM COST	COST	26,671	$24.4m0.80%	0.80%	Reduced -119	-119 -0.4%
47	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	945,542	$23.9m0.78%	0.78%	Added +6.5k	+6,475 0.7%
48	ISHARES INC CORE MSCI EMKT IEMG	IEMG	457,129	$23.9m0.78%	0.78%	Reduced -62.9k	-62,948 -12.1%
49	AMGEN INC COM AMGN	AMGN	89,732	$23.4m0.76%	0.76%	Reduced -999	-999 -1.1%
50	DIAGEO PLC SPON ADR NEW DEO	DEO	181,641	$23.1m0.75%	0.75%	Added +12.8k	+12,755 7.5%
51	PFIZER INC COM PFE	PFE	867,855	$23.0m0.75%	0.75%	Reduced -85.3k	-85,268 -8.9%
52	NEWMONT CORP COM NEM	NEM	610,658	$22.7m0.74%	0.74%	Reduced -8.5k	-8,521 -1.4%
53	GENERAL DYNAMICS CORP COM GD	GD	85,177	$22.4m0.73%	0.73%	Reduced -589	-589 -0.7%
54	CHUBB LIMITED COM CB	CB	80,028	$22.2m0.72%	0.72%	Added +2.8k	+2,791 3.6%
55	CIENA CORP COM NEW CIEN	CIEN	247,488	$21.0m0.69%	0.69%	Reduced -51.3k	-51,309 -17.2%
56	BAXTER INTL INC COM BAX	BAX	709,305	$20.8m0.68%	0.68%	Reduced -61.0k	-60,978 -7.9%
57	VISA INC COM CL A V	V	63,300	$20.0m0.65%	0.65%	Reduced -225	-225 -0.3%
58	INTEL CORP COM INTC	INTC	912,934	$18.3m0.60%	0.60%	Added +232.0k	+232,039 34.1%
59	SOUTHERN CO COM SO	SO	212,366	$17.5m0.57%	0.57%	Added +16.8k	+16,837 8.6%
60	HONEYWELL INTL INC COM COM		75,954	$17.2m0.56%	0.56%	Added +66.9k	+66,858 735.0%
61	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	48,035	$16.9m0.55%	0.55%	Reduced -93	-93 -0.2%
62	TE CONNECTIVITY PLC ORD SHS TEL	TEL	114,558	$16.4m0.53%	0.53%	Reduced -11.1k	-11,077 -8.8%
63	BLACKSTONE INC COM BX	BX	93,977	$16.2m0.53%	0.53%	Reduced -2.5k	-2,506 -2.6%
64	KROGER CO COM KR	KR	262,527	$16.1m0.52%	0.52%	Reduced -2.7k	-2,708 -1.0%
65	EATON CORP PLC SHS ETN	ETN	47,704	$15.8m0.52%	0.52%	Reduced -573	-573 -1.2%
66	TIMKEN CO COM TKR	TKR	217,878	$15.5m0.51%	0.51%	New
67	ISHARES TR CORE S&P500 ETF IVV	IVV	23,978	$14.1m0.46%	0.46%	Added +1.4k	+1,413 6.3%
68	ADOBE INC COM ADBE	ADBE	30,852	$13.7m0.45%	0.45%	Added +13.9k	+13,930 82.3%
69	SHELL PLC SPON ADS SHEL	SHEL	211,201	$13.2m0.43%	0.43%	Reduced -4.8k	-4,836 -2.2%
70	EMERSON ELEC CO COM EMR	EMR	105,565	$13.1m0.43%	0.43%	Reduced -10.6k	-10,614 -9.1%
71	REALTY INCOME CORP COM O	O	238,689	$12.7m0.42%	0.42%	Reduced -1.5k	-1,549 -0.6%
72	MOLINA HEALTHCARE INC COM MOH	MOH	43,057	$12.5m0.41%	0.41%	Added +320	+320 0.8%
73	QUEST DIAGNOSTICS INC COM DGX	DGX	73,689	$11.1m0.36%	0.36%	Reduced -12.0k	-12,039 -14.0%
74	BECTON DICKINSON & CO COM BDX	BDX	48,727	$11.1m0.36%	0.36%	Reduced -358	-358 -0.7%
75	ISHARES TR CORE MSCI EAFE IEFA	IEFA	154,918	$10.9m0.36%	0.36%	Reduced -1.9k	-1,881 -1.2%
76	EXXON MOBIL CORP COM XOM	XOM	99,068	$10.7m0.35%	0.35%	Added +4.5k	+4,546 4.8%
77	BANK AMERICA CORP COM BAC	BAC	242,217	$10.6m0.35%	0.35%	Reduced -30.8k	-30,797 -11.3%
78	ECOLAB INC COM ECL	ECL	42,206	$9.9m0.32%	0.32%	Reduced -873	-873 -2.0%
79	ISHARES TR ESG SELECT SCRE XVV	XVV	203,284	$9.2m0.30%	0.30%	Added +195	+195 0.1%
80	BROADCOM INC COM AVGO	AVGO	35,860	$8.3m0.27%	0.27%	Reduced -60	-60 -0.2%
81	STARBUCKS CORP COM SBUX	SBUX	88,500	$8.1m0.26%	0.26%	Reduced -2.8k	-2,835 -3.1%
82	LAMB WESTON HLDGS INC COM LW	LW	114,275	$7.6m0.25%	0.25%	Reduced -6.1k	-6,074 -5.0%
83	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	159,086	$7.6m0.25%	0.25%	Added +17.0k	+16,972 11.9%
84	ISHARES TR RUSSELL 2000 ETF IWM	IWM	33,582	$7.4m0.24%	0.24%	Reduced -50	-50 -0.1%
85	MORGAN STANLEY COM NEW MS	MS	58,621	$7.4m0.24%	0.24%	Reduced -28	-28 -0.1%
86	BLACKBAUD INC COM BLKB	BLKB	95,486	$7.1m0.23%	0.23%	Reduced -29.2k	-29,168 -23.4%
87	NVIDIA CORPORATION COM NVDA	NVDA	46,475	$6.2m0.20%	0.20%	Added +785	+785 1.7%
88	BROOKFIELD RENEWABLE CORP CL A EX SUB VTG BEPC	BEPC	223,295	$6.2m0.20%	0.20%	New
89	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	48,804	$6.1m0.20%	0.20%	Unchanged
90	META PLATFORMS INC CL A META	META	10,295	$6.0m0.20%	0.20%	Reduced -341	-341 -3.2%
91	HOLOGIC INC COM HOLX	HOLX	82,034	$5.9m0.19%	0.19%	Added +920	+920 1.1%
92	GROCERY OUTLET HLDG CORP COM GO	GO	365,127	$5.7m0.19%	0.19%	Reduced -253.1k	-253,089 -40.9%
93	UNION PAC CORP COM UNP	UNP	24,191	$5.5m0.18%	0.18%	Reduced -731	-731 -2.9%
94	MEDTRONIC PLC SHS MDT	MDT	67,089	$5.4m0.18%	0.18%	Added +23.8k	+23,812 55.0%
95	SPDR GOLD TR GOLD SHS GLD	GLD	22,322	$5.4m0.18%	0.18%	Reduced -175	-175 -0.8%
96	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	9,569	$5.2m0.17%	0.17%	Added +220	+220 2.4%
97	ALPHABET INC CAP STK CL C GOOG	GOOG	26,264	$5.0m0.16%	0.16%	Added +197	+197 0.8%
98	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	77,178	$4.9m0.16%	0.16%	Reduced -26.3k	-26,322 -25.4%
99	FISERV INC COM FISV	FISV	23,000	$4.7m0.15%	0.15%	Reduced -270	-270 -1.2%
100	ISHARES TR S&P MC 400GR ETF IJK	IJK	49,947	$4.5m0.15%	0.15%	Reduced -3.8k	-3,825 -7.1%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
BLACKROCK INC BLK	BLK	53,009	$50.3m53.0k shares
BROOKFIELD RENEWABLE CORP		218,772	$7.1m218.8k shares
DOLLAR TREE INC DLTR	DLTR	60,047	$4.2m60.0k shares
AVANGRID INC AGR	AGR	57,608	$2.1m57.6k shares
LAM RESEARCH CORP		8,240	$674.3k8.2k shares
AMDOCS LTD DOX	DOX	3,647	$320.8k3.6k shares
PRICE T ROWE GROUP INC TROW	TROW	2,623	$285.8k2.6k shares
ISHARES TR IWO	IWO	971	$275.8k971 shares
NOVO-NORDISK A S NVO	NVO	1,957	$233.0k2.0k shares
HEALTHPEAK PROPERTIES INC DOC	DOC	10,040	$229.6k10.0k shares
ADVANCED MICRO DEVICES INC AMD	AMD	1,376	$225.8k1.4k shares
AMERICAN TOWER CORP NEW AMT	AMT	950	$220.9k950 shares
CENTENE CORP DEL CNC	CNC	2,761	$207.8k2.8k shares
OTIS WORLDWIDE CORP OTIS	OTIS	1,983	$206.2k2.0k shares
VICTORY PORTFOLIOS II CDC	CDC	3,120	$202.8k3.1k shares