BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2026-02-13

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)

$3.5bn reported value +2.1% vs Q3 2025

301positions

30.1%in top 10

15 new 116 added 127 reduced 7 sold out vs Q3 2025

Also in the report of:

Dorsey & Whitney Trust CO LLC – $8.8m of shares are in both reports

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

Holdings, Q4 2025

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	349,274	$168.9m4.83%	4.83%	Reduced -9.9k	-9,915 -2.8%
2	APPLE INC COM AAPL	AAPL	617,560	$167.9m4.80%	4.80%	Reduced -3.8k	-3,821 -0.6%
3	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	257,227	$125.5m3.59%	3.59%	Added +5.4k	+5,388 2.1%
4	JPMORGAN CHASE & CO COM JPM	JPM	356,613	$114.9m3.29%	3.29%	Reduced -1.3k	-1,323 -0.4%
5	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	269,838	$90.5m2.59%	2.59%	Added +3.8k	+3,831 1.4%
6	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	1,337,065	$86.2m2.47%	2.47%	Reduced -91.6k	-91,630 -6.4%
7	ISHARES TR MSCI EAFE ETF EFA	EFA	821,593	$78.9m2.26%	2.26%	Added +19.9k	+19,879 2.5%
8	GOLDMAN SACHS GROUP INC COM GS	GS	83,712	$73.6m2.11%	2.11%	Added +398	+398 0.5%
9	SCHWAB CHARLES CORP COM SCHW	SCHW	735,545	$73.5m2.10%	2.10%	Reduced -11.8k	-11,774 -1.6%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	233,322	$73.0m2.09%	2.09%	Added +9.2k	+9,151 4.1%
11	WALMART INC COM WMT	WMT	625,721	$69.7m1.99%	1.99%	Reduced -15.4k	-15,420 -2.4%
12	RTX CORPORATION COM RTX	RTX	368,345	$67.6m1.93%	1.93%	Reduced -1.8k	-1,829 -0.5%
13	MCKESSON CORP COM MCK	MCK	78,577	$64.5m1.85%	1.85%	Reduced -818	-818 -1.0%
14	AMAZON COM INC COM AMZN	AMZN	272,853	$63.0m1.80%	1.80%	Added +194	+194 0.1%
15	NVIDIA CORPORATION COM NVDA	NVDA	327,584	$61.1m1.75%	1.75%	Reduced -148	-148 -0.1%
16	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	82,756	$56.6m1.62%	1.62%	Added +491	+491 0.6%
17	NEWMONT CORP COM NEM	NEM	559,014	$55.8m1.60%	1.60%	Reduced -18.3k	-18,332 -3.2%
18	JOHNSON & JOHNSON COM JNJ	JNJ	258,064	$53.4m1.53%	1.53%	Reduced -536	-536 -0.2%
19	BLACKROCK INC COM BLK	BLK	48,920	$52.4m1.50%	1.50%	Reduced -822	-822 -1.6%
20	CISCO SYS INC COM CSCO	CSCO	666,977	$51.4m1.47%	1.47%	Reduced -7.0k	-6,979 -1.0%
21	ISHARES TR CORE S&P SCP ETF IJR	IJR	425,399	$51.1m1.46%	1.46%	Reduced -1.9k	-1,858 -0.4%
22	CIENA CORP COM NEW CIEN	CIEN	200,424	$46.9m1.34%	1.34%	Reduced -17.7k	-17,652 -8.1%
23	QUALCOMM INC COM QCOM	QCOM	273,521	$46.8m1.34%	1.34%	Reduced -1.1k	-1,102 -0.4%
24	SAP SE SPON ADR SAP	SAP	172,045	$41.8m1.20%	1.20%	Added +4.5k	+4,508 2.7%
25	ALLSTATE CORP COM ALL	ALL	188,264	$39.4m1.13%	1.13%	Reduced -2.7k	-2,655 -1.4%
26	CHEVRON CORP NEW COM CVX	CVX	251,733	$38.4m1.10%	1.10%	Reduced -61	-61 -0.0%
27	FIRSTENERGY CORP COM FE	FE	808,769	$36.2m1.04%	1.04%	Reduced -631	-631 -0.1%
28	FLEX LTD ORD FLEX	FLEX	576,083	$34.8m1.00%	1.00%	Reduced -15.0k	-14,998 -2.5%
29	SALESFORCE INC COM CRM	CRM	129,104	$34.3m0.98%	0.98%	Reduced -607	-607 -0.5%
30	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		362,382	$33.3m0.95%	0.95%	Reduced -2.9k	-2,918 -0.8%
31	SYSCO CORP COM SYY	SYY	449,206	$33.1m0.95%	0.95%	Reduced -12.8k	-12,819 -2.8%
32	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	65,181	$32.8m0.94%	0.94%	Added +24	+24 0.0%
33	MERCK & CO INC COM MRK	MRK	285,455	$30.3m0.87%	0.87%	Reduced -11.0k	-10,972 -3.7%
34	HOME DEPOT INC COM HD	HD	85,685	$29.5m0.84%	0.84%	Reduced -6.4k	-6,413 -7.0%
35	PROCTER AND GAMBLE CO COM PG	PG	200,505	$28.7m0.82%	0.82%	Reduced -3.1k	-3,103 -1.5%
36	AIR PRODS & CHEMS INC COM APD	APD	115,832	$28.6m0.82%	0.82%	Reduced -1.1k	-1,096 -0.9%
37	AMGEN INC COM AMGN	AMGN	87,109	$28.5m0.82%	0.82%	Reduced -1.3k	-1,293 -1.5%
38	US BANCORP DEL COM NEW USB	USB	528,612	$28.5m0.81%	0.81%	Reduced -21.5k	-21,512 -3.9%
39	BAKER HUGHES COMPANY CL A BKR	BKR	616,496	$28.1m0.80%	0.80%	Added +8.2k	+8,226 1.4%
40	GENERAL DYNAMICS CORP COM GD	GD	83,364	$28.1m0.80%	0.80%	Reduced -823	-823 -1.0%
41	KINDER MORGAN INC DEL COM KMI	KMI	1,017,783	$28.0m0.80%	0.80%	Added +5.9k	+5,865 0.6%
42	DISNEY WALT CO COM DIS	DIS	240,296	$27.5m0.79%	0.79%	Added +1.4k	+1,412 0.6%
43	ISHARES INC CORE MSCI EMKT IEMG	IEMG	408,505	$27.5m0.79%	0.79%	Added +4.8k	+4,795 1.2%
44	CHUBB LIMITED COM CB	CB	85,652	$26.8m0.77%	0.77%	Reduced -616	-616 -0.7%
45	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	297,141	$26.3m0.75%	0.75%	Reduced -22.5k	-22,544 -7.0%
46	AUTOZONE INC COM AZO	AZO	7,698	$26.1m0.75%	0.75%	Reduced -103	-103 -1.3%
47	INTEL CORP COM INTC	INTC	688,659	$25.4m0.73%	0.73%	Reduced -137.4k	-137,438 -16.6%
48	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	915,066	$24.8m0.71%	0.71%	Added +3.9k	+3,881 0.4%
49	ELI LILLY & CO COM LLY	LLY	22,776	$24.5m0.70%	0.70%	Added +1.1k	+1,099 5.1%
50	SANOFI SPONSORED ADR SNY	SNY	503,256	$24.4m0.70%	0.70%	Reduced -19.4k	-19,425 -3.7%
51	META PLATFORMS INC CL A META	META	35,785	$23.6m0.68%	0.68%	Added +733	+733 2.1%
52	CARRIER GLOBAL CORPORATION COM CARR	CARR	434,706	$23.0m0.66%	0.66%	Added +9.2k	+9,159 2.1%
53	TE CONNECTIVITY PLC ORD SHS TEL	TEL	100,524	$22.9m0.65%	0.65%	Reduced -1.2k	-1,227 -1.2%
54	VERIZON COMMUNICATIONS INC COM VZ	VZ	557,858	$22.7m0.65%	0.65%	Reduced -1.7k	-1,670 -0.3%
55	COSTCO WHSL CORP NEW COM COST	COST	26,084	$22.5m0.64%	0.64%	Reduced -193	-193 -0.7%
56	VISA INC COM CL A V	V	63,377	$22.2m0.64%	0.64%	Added +46	+46 0.1%
57	SOUTHERN CO COM SO	SO	243,626	$21.2m0.61%	0.61%	Added +3.1k	+3,134 1.3%
58	ISHARES TR CORE MSCI EAFE IEFA	IEFA	226,216	$20.2m0.58%	0.58%	Added +26.2k	+26,190 13.1%
59	METHANEX CORP COM MEOH	MEOH	505,819	$20.1m0.57%	0.57%	Reduced -22.6k	-22,600 -4.3%
60	EATON CORP PLC SHS ETN	ETN	62,431	$19.9m0.57%	0.57%	Reduced -4	-4 -0.0%
61	ISHARES TR CORE S&P500 ETF IVV	IVV	28,294	$19.4m0.55%	0.55%	Added +3.6k	+3,616 14.7%
62	PAYPAL HLDGS INC COM PYPL	PYPL	328,851	$19.2m0.55%	0.55%	Reduced -4.2k	-4,176 -1.2%
63	BRUKER CORP COM BRKR	BRKR	403,995	$19.1m0.55%	0.55%	Added +102.8k	+102,840 34.1%
64	TIMKEN CO COM TKR	TKR	197,005	$16.6m0.47%	0.47%	Reduced -16.8k	-16,799 -7.9%
65	KROGER CO COM KR	KR	256,186	$16.0m0.46%	0.46%	Added +3.5k	+3,465 1.4%
66	HONEYWELL INTL INC COM COM		78,869	$15.4m0.44%	0.44%	Reduced -7.2k	-7,186 -8.3%
67	NIKE INC CL B NKE	NKE	237,981	$15.3m0.44%	0.44%	Reduced -48.4k	-48,433 -16.9%
68	SHELL PLC SPON ADS SHEL	SHEL	203,281	$14.9m0.43%	0.43%	Reduced -10.5k	-10,475 -4.9%
69	BLACKSTONE INC COM BX	BX	90,319	$13.9m0.40%	0.40%	Reduced -709	-709 -0.8%
70	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	50,363	$13.5m0.39%	0.39%	Added +7.4k	+7,426 17.3%
71	PFIZER INC COM PFE	PFE	519,891	$12.9m0.37%	0.37%	Added +194.0k	+194,028 59.5%
72	EMERSON ELEC CO COM EMR	EMR	95,670	$12.7m0.36%	0.36%	Added +12.1k	+12,146 14.5%
73	BANK AMERICA CORP COM BAC	BAC	227,281	$12.5m0.36%	0.36%	Reduced -3.9k	-3,914 -1.7%
74	ISHARES TR ESG SELECT SCRE XVV	XVV	230,899	$12.2m0.35%	0.35%	Added +5.0k	+5,030 2.2%
75	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	19,151	$12.0m0.34%	0.34%	Added +4.7k	+4,717 32.7%
76	BROADCOM INC COM AVGO	AVGO	34,054	$11.8m0.34%	0.34%	Added +1.5k	+1,458 4.5%
77	BROOKFIELD RENEWABLE CORP CL A EX SUB VTG BEPC	BEPC	289,948	$11.1m0.32%	0.32%	Added +43.4k	+43,391 17.6%
78	QUEST DIAGNOSTICS INC COM DGX	DGX	62,166	$10.8m0.31%	0.31%	Reduced -2.0k	-1,951 -3.0%
79	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	165,470	$10.3m0.30%	0.30%	Added +16.2k	+16,197 10.8%
80	EXXON MOBIL CORP COM XOM	XOM	83,901	$10.1m0.29%	0.29%	Reduced -14.6k	-14,561 -14.8%
81	GROCERY OUTLET HLDG CORP COM GO	GO	982,882	$9.9m0.28%	0.28%	Added +448.7k	+448,744 84.0%
82	MORGAN STANLEY COM NEW MS	MS	55,862	$9.9m0.28%	0.28%	Reduced -164	-164 -0.3%
83	REALTY INCOME CORP COM O	O	171,503	$9.7m0.28%	0.28%	Reduced -38.7k	-38,714 -18.4%
84	ISHARES TR RUSSELL 2000 ETF IWM	IWM	38,829	$9.6m0.27%	0.27%	Added +279	+279 0.7%
85	ECOLAB INC COM ECL	ECL	35,626	$9.4m0.27%	0.27%	Reduced -1.4k	-1,358 -3.7%
86	BECTON DICKINSON & CO COM BDX	BDX	48,190	$9.4m0.27%	0.27%	Added +702	+702 1.5%
87	SPDR GOLD TR GOLD SHS GLD	GLD	22,287	$8.8m0.25%	0.25%	Reduced -105	-105 -0.5%
88	ALPHABET INC CAP STK CL C GOOG	GOOG	25,318	$7.9m0.23%	0.23%	Added +412	+412 1.6%
89	BAXTER INTL INC COM BAX	BAX	347,788	$6.6m0.19%	0.19%	Reduced -67.9k	-67,868 -16.3%
90	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	225,789	$6.5m0.19%	0.19%	Reduced -28.3k	-28,282 -11.1%
91	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	48,804	$6.4m0.18%	0.18%	Unchanged
92	VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK	VGK	72,987	$6.1m0.17%	0.17%	Reduced -162	-162 -0.2%
93	MOLINA HEALTHCARE INC COM MOH	MOH	34,415	$6.0m0.17%	0.17%	Reduced -3.6k	-3,625 -9.5%
94	STARBUCKS CORP COM SBUX	SBUX	64,957	$5.5m0.16%	0.16%	Reduced -3.9k	-3,934 -5.7%
95	WASTE MGMT INC DEL COM WM	WM	24,352	$5.4m0.15%	0.15%	Reduced -893	-893 -3.5%
96	TELEFLEX INCORPORATED COM TFX	TFX	43,358	$5.3m0.15%	0.15%	Reduced -4.3k	-4,319 -9.1%
97	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	97,327	$5.2m0.15%	0.15%	Added +5.3k	+5,304 5.8%
98	ADOBE INC COM ADBE	ADBE	14,872	$5.2m0.15%	0.15%	Reduced -438	-438 -2.9%
99	UNION PAC CORP COM UNP	UNP	22,467	$5.2m0.15%	0.15%	Reduced -185	-185 -0.8%
100	ISHARES TR 1 3 YR TREAS BD SHY	SHY	62,710	$5.2m0.15%	0.15%	Added +8.9k	+8,904 16.6%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
UNILEVER PLC		77,917	$4.6m77.9k shares
VANGUARD SCOTTSDALE FDS VCSH	VCSH	4,981	$398.1k5.0k shares
ISHARES TR VLUE	VLUE	2,572	$321.6k2.6k shares
ISHARES TR IVLU	IVLU	8,255	$292.9k8.3k shares
TEXAS INSTRS INC TXN	TXN	1,210	$222.3k1.2k shares
DANAHER CORPORATION DHR	DHR	1,058	$210.1k1.1k shares
AUTODESK INC ADSK	ADSK	652	$207.1k652 shares