BECKER CAPITAL MANAGEMENT INC

Portland, OR · CIK 799004 · 13F filing filed 2026-05-11

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)

$3.4bn reported value -2.7% vs Q4 2025

298positions

28.6%in top 10

11 new 77 added 172 reduced 14 sold out vs Q4 2025

Also in the report of:

Dorsey & Whitney Trust CO LLC – $8.7m of shares are in both reports

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

Holdings, Q1 2026

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	612,934	$155.6m4.57%	4.57%	Reduced -4.6k	-4,626 -0.8%
2	MICROSOFT CORP COM MSFT	MSFT	358,900	$132.9m3.91%	3.91%	Added +9.6k	+9,626 2.8%
3	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	267,987	$117.1m3.44%	3.44%	Added +10.8k	+10,760 4.2%
4	JPMORGAN CHASE & CO COM JPM	JPM	350,079	$103.0m3.03%	3.03%	Reduced -6.5k	-6,534 -1.8%
5	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	274,980	$88.2m2.59%	2.59%	Added +5.1k	+5,142 1.9%
6	ISHARES TR MSCI EAFE ETF EFA	EFA	897,368	$87.2m2.56%	2.56%	Added +75.8k	+75,775 9.2%
7	WALMART INC COM WMT	WMT	604,952	$75.3m2.21%	2.21%	Reduced -20.8k	-20,769 -3.3%
8	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	1,243,347	$73.8m2.17%	2.17%	Reduced -93.7k	-93,718 -7.0%
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	243,663	$70.1m2.06%	2.06%	Added +10.3k	+10,341 4.4%
10	GOLDMAN SACHS GROUP INC COM GS	GS	81,476	$68.9m2.03%	2.03%	Reduced -2.2k	-2,236 -2.7%
11	SCHWAB CHARLES CORP COM SCHW	SCHW	728,994	$68.5m2.01%	2.01%	Reduced -6.6k	-6,551 -0.9%
12	RTX CORPORATION COM RTX	RTX	338,682	$65.3m1.92%	1.92%	Reduced -29.7k	-29,663 -8.1%
13	MCKESSON CORP COM MCK	MCK	73,184	$63.4m1.86%	1.86%	Reduced -5.4k	-5,393 -6.9%
14	JOHNSON & JOHNSON COM JNJ	JNJ	247,678	$60.5m1.78%	1.78%	Reduced -10.4k	-10,386 -4.0%
15	NVIDIA CORPORATION COM NVDA	NVDA	344,278	$60.0m1.76%	1.76%	Added +16.7k	+16,694 5.1%
16	AMAZON COM INC COM AMZN	AMZN	267,126	$55.6m1.64%	1.64%	Reduced -5.7k	-5,727 -2.1%
17	CIENA CORP COM NEW CIEN	CIEN	141,669	$55.0m1.62%	1.62%	Reduced -58.8k	-58,755 -29.3%
18	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	81,489	$53.1m1.56%	1.56%	Reduced -1.3k	-1,267 -1.5%
19	CHEVRON CORP NEW COM CVX	CVX	253,375	$52.4m1.54%	1.54%	Added +1.6k	+1,642 0.7%
20	CISCO SYS INC COM CSCO	CSCO	652,594	$50.6m1.49%	1.49%	Reduced -14.4k	-14,383 -2.2%
21	NEWMONT CORP COM NEM	NEM	467,175	$50.6m1.49%	1.49%	Reduced -91.8k	-91,839 -16.4%
22	BLACKROCK INC COM BLK	BLK	48,434	$46.6m1.37%	1.37%	Reduced -486	-486 -1.0%
23	ISHARES TR CORE S&P SCP ETF IJR	IJR	365,673	$45.5m1.34%	1.34%	Reduced -59.7k	-59,726 -14.0%
24	FIRSTENERGY CORP COM FE	FE	821,382	$41.6m1.22%	1.22%	Added +12.6k	+12,613 1.6%
25	QUALCOMM INC COM QCOM	QCOM	300,084	$38.6m1.14%	1.14%	Added +26.6k	+26,563 9.7%
26	ALLSTATE CORP COM ALL	ALL	184,391	$38.4m1.13%	1.13%	Reduced -3.9k	-3,873 -2.1%
27	FLEX LTD ORD FLEX	FLEX	558,598	$36.6m1.07%	1.07%	Reduced -17.5k	-17,485 -3.0%
28	ASTRAZENECA PLC ORD AZN	AZN	176,914	$34.9m1.03%	1.03%	New
29	BAKER HUGHES COMPANY CL A BKR	BKR	560,281	$34.2m1.01%	1.01%	Reduced -56.2k	-56,215 -9.1%
30	KINDER MORGAN INC DEL COM KMI	KMI	984,314	$33.0m0.97%	0.97%	Reduced -33.5k	-33,469 -3.3%
31	MERCK & CO INC COM MRK	MRK	271,104	$32.8m0.97%	0.97%	Reduced -14.4k	-14,351 -5.0%
32	AIR PRODS & CHEMS INC COM APD	APD	109,471	$31.8m0.93%	0.93%	Reduced -6.4k	-6,361 -5.5%
33	SYSCO CORP COM SYY	SYY	431,809	$30.8m0.91%	0.91%	Reduced -17.4k	-17,397 -3.9%
34	AMGEN INC COM AMGN	AMGN	85,675	$30.1m0.89%	0.89%	Reduced -1.4k	-1,434 -1.6%
35	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	62,874	$30.1m0.89%	0.89%	Reduced -2.3k	-2,307 -3.5%
36	SAP SE SPON ADR SAP	SAP	173,354	$29.7m0.87%	0.87%	Added +1.3k	+1,309 0.8%
37	GENERAL DYNAMICS CORP COM GD	GD	83,022	$28.5m0.84%	0.84%	Reduced -342	-342 -0.4%
38	PROCTER AND GAMBLE CO COM PG	PG	196,999	$28.5m0.84%	0.84%	Reduced -3.5k	-3,506 -1.8%
39	HOME DEPOT INC COM HD	HD	85,312	$28.1m0.82%	0.82%	Reduced -373	-373 -0.4%
40	METHANEX CORP COM MEOH	MEOH	465,863	$27.7m0.82%	0.82%	Reduced -40.0k	-39,956 -7.9%
41	CHUBB LIMITED COM CB	CB	84,344	$27.6m0.81%	0.81%	Reduced -1.3k	-1,308 -1.5%
42	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	303,513	$26.9m0.79%	0.79%	Added +6.4k	+6,372 2.1%
43	US BANCORP DEL COM NEW USB	USB	501,714	$26.4m0.77%	0.77%	Reduced -26.9k	-26,898 -5.1%
44	VERIZON COMMUNICATIONS INC COM VZ	VZ	524,584	$26.3m0.77%	0.77%	Reduced -33.3k	-33,274 -6.0%
45	ISHARES INC CORE MSCI EMKT IEMG	IEMG	371,531	$25.9m0.76%	0.76%	Reduced -37.0k	-36,974 -9.1%
46	COSTCO WHSL CORP NEW COM COST	COST	25,936	$25.8m0.76%	0.76%	Reduced -148	-148 -0.6%
47	AUTOZONE INC COM AZO	AZO	7,486	$25.3m0.74%	0.74%	Reduced -212	-212 -2.8%
48	SANOFI SPONSORED ADR SNY	SNY	496,394	$23.9m0.70%	0.70%	Reduced -6.9k	-6,862 -1.4%
49	KONINKLIJKE PHILIPS N V NY REGIS SHS NEW PHG	PHG	863,809	$23.7m0.70%	0.70%	Reduced -51.3k	-51,257 -5.6%
50	CARRIER GLOBAL CORPORATION COM CARR	CARR	416,859	$23.5m0.69%	0.69%	Reduced -17.8k	-17,847 -4.1%
51	INTEL CORP COM INTC	INTC	530,699	$23.4m0.69%	0.69%	Reduced -158.0k	-157,960 -22.9%
52	UNION PAC CORP COM UNP	UNP	96,169	$23.3m0.69%	0.69%	Added +73.7k	+73,702 328.1%
53	SOUTHERN CO COM SO	SO	237,892	$23.0m0.67%	0.67%	Reduced -5.7k	-5,734 -2.4%
54	ISHARES TR CORE MSCI EAFE IEFA	IEFA	252,963	$22.9m0.67%	0.67%	Added +26.7k	+26,747 11.8%
55	DISNEY WALT CO COM DIS	DIS	234,799	$22.6m0.67%	0.67%	Reduced -5.5k	-5,497 -2.3%
56	ELI LILLY & CO COM LLY	LLY	23,766	$21.9m0.64%	0.64%	Added +990	+990 4.3%
57	EATON CORP PLC SHS ETN	ETN	60,377	$21.6m0.63%	0.63%	Reduced -2.1k	-2,054 -3.3%
58	VISA INC COM CL A V	V	69,172	$20.9m0.61%	0.61%	Added +5.8k	+5,795 9.1%
59	META PLATFORMS INC CL A META	META	34,986	$20.0m0.59%	0.59%	Reduced -799	-799 -2.2%
60	TE CONNECTIVITY PLC ORD SHS TEL	TEL	92,613	$19.4m0.57%	0.57%	Reduced -7.9k	-7,911 -7.9%
61	HONEYWELL INTL INC COM COM		83,579	$18.9m0.56%	0.56%	Added +4.7k	+4,710 6.0%
62	TIMKEN CO COM TKR	TKR	182,875	$18.4m0.54%	0.54%	Reduced -14.1k	-14,130 -7.2%
63	GROCERY OUTLET HLDG CORP COM GO	GO	2,577,463	$18.2m0.53%	0.53%	Added +1.6m	+1,594,581 162.2%
64	SHELL PLC SPON ADS SHEL	SHEL	189,292	$17.6m0.52%	0.52%	Reduced -14.0k	-13,989 -6.9%
65	KROGER CO COM KR	KR	239,300	$17.3m0.51%	0.51%	Reduced -16.9k	-16,886 -6.6%
66	SALESFORCE INC COM CRM	CRM	89,739	$16.8m0.49%	0.49%	Reduced -39.4k	-39,365 -30.5%
67	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	26,038	$15.6m0.46%	0.46%	Added +6.9k	+6,887 36.0%
68	ISHARES TR CORE S&P500 ETF IVV	IVV	23,439	$15.3m0.45%	0.45%	Reduced -4.9k	-4,855 -17.2%
69	BRUKER CORP COM BRKR	BRKR	416,548	$15.1m0.44%	0.44%	Added +12.6k	+12,553 3.1%
70	EXXON MOBIL CORP COM XOM	XOM	84,817	$14.4m0.42%	0.42%	Added +916	+916 1.1%
71	BANK AMERICA CORP COM BAC	BAC	293,082	$14.3m0.42%	0.42%	Added +65.8k	+65,801 28.9%
72	NIKE INC CL B NKE	NKE	266,304	$14.2m0.42%	0.42%	Added +28.3k	+28,323 11.9%
73	PFIZER INC COM PFE	PFE	490,446	$13.8m0.40%	0.40%	Reduced -29.4k	-29,445 -5.7%
74	BROOKFIELD RENEWABLE CORP CL A EX SUB VTG BEPC	BEPC	311,977	$12.4m0.37%	0.37%	Added +22.0k	+22,029 7.6%
75	QUEST DIAGNOSTICS INC COM DGX	DGX	62,849	$12.3m0.36%	0.36%	Added +683	+683 1.1%
76	ISHARES TR ESG SELECT SCRE XVV	XVV	247,274	$12.2m0.36%	0.36%	Added +16.4k	+16,375 7.1%
77	BROADCOM INC COM AVGO	AVGO	38,104	$11.8m0.35%	0.35%	Added +4.0k	+4,050 11.9%
78	EMERSON ELEC CO COM EMR	EMR	89,693	$11.8m0.35%	0.35%	Reduced -6.0k	-5,977 -6.2%
79	SERVICENOW INC COM NOW	NOW	103,543	$10.8m0.32%	0.32%	Added +98.8k	+98,823 2093.7%
80	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	166,429	$10.7m0.31%	0.31%	Added +959	+959 0.6%
81	BLACKSTONE INC COM BX	BX	89,608	$10.3m0.30%	0.30%	Reduced -711	-711 -0.8%
82	ECOLAB INC COM ECL	ECL	37,067	$9.9m0.29%	0.29%	Added +1.4k	+1,441 4.0%
83	ISHARES TR CORE 1 5 YR USD ISTB	ISTB	200,821	$9.7m0.29%	0.29%	New
84	ISHARES TR RUSSELL 2000 ETF IWM	IWM	39,067	$9.7m0.28%	0.28%	Added +238	+238 0.6%
85	SPDR GOLD TR GOLD SHS GLD	GLD	22,292	$9.6m0.28%	0.28%	Added +5	+5 0.0%
86	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	46,749	$9.3m0.27%	0.27%	Reduced -3.6k	-3,614 -7.2%
87	ISHARES TR 1 3 YR TREAS BD SHY	SHY	112,160	$9.3m0.27%	0.27%	Added +49.5k	+49,450 78.9%
88	MORGAN STANLEY COM NEW MS	MS	55,746	$9.2m0.27%	0.27%	Reduced -116	-116 -0.2%
89	REALTY INCOME CORP COM O	O	149,551	$9.2m0.27%	0.27%	Reduced -22.0k	-21,952 -12.8%
90	ISHARES TR 3 7 YR TREAS BD IEI	IEI	71,648	$8.5m0.25%	0.25%	Added +33.0k	+33,013 85.5%
91	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	151,188	$8.0m0.24%	0.24%	Added +65.2k	+65,207 75.8%
92	BECTON DICKINSON & CO COM BDX	BDX	48,460	$7.6m0.22%	0.22%	Added +270	+270 0.6%
93	PAYPAL HLDGS INC COM PYPL	PYPL	166,536	$7.5m0.22%	0.22%	Reduced -162.3k	-162,315 -49.4%
94	ALPHABET INC CAP STK CL C GOOG	GOOG	25,297	$7.3m0.21%	0.21%	Reduced -21	-21 -0.1%
95	WASTE MGMT INC DEL COM WM	WM	28,344	$6.5m0.19%	0.19%	Added +4.0k	+3,992 16.4%
96	ISHARES TR S&P MC 400VL ETF IJJ	IJJ	48,804	$6.5m0.19%	0.19%	Unchanged
97	STARBUCKS CORP COM SBUX	SBUX	63,453	$5.7m0.17%	0.17%	Reduced -1.5k	-1,504 -2.3%
98	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	100,099	$5.4m0.16%	0.16%	Added +2.8k	+2,772 2.9%
99	TELEFLEX INCORPORATED COM TFX	TFX	42,322	$5.1m0.15%	0.15%	Reduced -1.0k	-1,036 -2.4%
100	ISHARES TR S&P MC 400GR ETF IJK	IJK	49,947	$5.0m0.15%	0.15%	Unchanged

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
ASTRAZENECA PLC		181,191	$33.3m181.2k shares
MOLINA HEALTHCARE INC MOH	MOH	34,415	$6.0m34.4k shares
SPDR INDEX SHS FDS SPDW	SPDW	35,138	$1.6m35.1k shares
FISERV INC FISV	FISV	22,866	$1.5m22.9k shares
ISHARES TR TLT	TLT	14,830	$1.3m14.8k shares
VANGUARD BD INDEX FDS BIV	BIV	11,333	$882.6k11.3k shares
MAGNA INTL INC MGA	MGA	9,869	$526.0k9.9k shares
ISHARES TR IGF	IGF	6,788	$416.5k6.8k shares
INTUITIVE SURGICAL INC ISRG	ISRG	597	$338.1k597 shares
LOWES COS INC LOW	LOW	1,039	$250.6k1.0k shares
PAYCHEX INC PAYX	PAYX	2,068	$232.0k2.1k shares
BROOKFIELD WEALTH SOL LTD BNT	BNT	4,725	$217.1k4.7k shares
INTERNATIONAL PAPER CO IP	IP	5,499	$216.6k5.5k shares
REVIVA PHARMACEUTCLS HLDGS I		32,580	$9.1k32.6k shares