SKBA CAPITAL MANAGEMENT LLC

San Francisco, CA · CIK 932024 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 1999 · limited liability company

Assets managed$732.0m
Staff10 · 5 in investment roles
Main clients (by assets)State and local governments 72%, Companies 13%, High net worth individuals 7%
Form ADV · 2026-04-15SEC adviser record

Legal entitySKBA CAPITAL MANAGEMENT, LLC (US)

Kindinstitutions
Others nearbySan Francisco, CA

$606.0m reported value -16.8% vs Q1 2026

79positions

29.1%in top 10

1 new 7 added 57 reduced 1 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Alaska Permanent Fund Corp – files its own report too

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

Holdings, Q2 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	KONTOOR BRANDS INC COM KTB	KTB	283,756	$23.6m3.90%	3.90%	Reduced -64.5k	-64,450 -18.5%
2	MEDTRONIC PLC SHS MDT	MDT	263,532	$20.6m3.40%	3.40%	Reduced -60.2k	-60,180 -18.6%
3	HEALTHCARE RLTY TR CL A COM HR	HR	927,438	$18.7m3.09%	3.09%	Reduced -184.4k	-184,400 -16.6%
4	KINDER MORGAN INC DEL COM KMI	KMI	558,715	$17.9m2.95%	2.95%	Reduced -104.6k	-104,600 -15.8%
5	RTX CORPORATION COM RTX	RTX	93,614	$17.8m2.93%	2.93%	Reduced -27.2k	-27,200 -22.5%
6	HERSHEY CO COM HSY	HSY	92,065	$16.2m2.67%	2.67%	Reduced -535	-535 -0.6%
7	BECTON DICKINSON & CO COM BDX	BDX	103,019	$15.6m2.57%	2.57%	Reduced -10.3k	-10,310 -9.1%
8	3M CO COM MMM	MMM	95,058	$15.4m2.54%	2.54%	Reduced -23.4k	-23,440 -19.8%
9	CME GROUP INC COM CME	CME	69,333	$15.3m2.53%	2.53%	Reduced -1.4k	-1,360 -1.9%
10	MERCK & CO INC COM MRK	MRK	118,272	$15.2m2.51%	2.51%	Reduced -33.6k	-33,600 -22.1%
11	NIKE INC CL B NKE	NKE	363,320	$14.9m2.46%	2.46%	Reduced -38.9k	-38,850 -9.7%
12	NXP SEMICONDUCTORS N V COM NXPI	NXPI	52,839	$14.8m2.45%	2.45%	Reduced -11.3k	-11,300 -17.6%
13	CONOCOPHILLIPS COM COP	COP	136,625	$14.2m2.34%	2.34%	Reduced -28.0k	-28,020 -17.0%
14	CITIGROUP INC COM NEW C	C	100,850	$14.1m2.33%	2.33%	Reduced -36.9k	-36,850 -26.8%
15	AT&T INC COM T	T	666,780	$13.8m2.28%	2.28%	Reduced -67.1k	-67,100 -9.1%
16	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	48,078	$13.5m2.23%	2.23%	Reduced -7.1k	-7,100 -12.9%
17	AIR PRODS & CHEMS INC COM APD	APD	44,780	$13.1m2.17%	2.17%	Reduced -8.5k	-8,515 -16.0%
18	CHEVRON CORP NEW COM CVX	CVX	78,195	$13.0m2.14%	2.14%	Reduced -24.3k	-24,320 -23.7%
19	PINNACLE WEST CAP CORP COM PNW	PNW	120,930	$12.9m2.14%	2.14%	Reduced -37.4k	-37,400 -23.6%
20	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	44,353	$12.9m2.13%	2.13%	Reduced -4.3k	-4,300 -8.8%
21	KENVUE INC COM KVUE	KVUE	637,615	$12.2m2.01%	2.01%	Reduced -207.5k	-207,500 -24.6%
22	CISCO SYS INC COM CSCO	CSCO	103,472	$12.2m2.01%	2.01%	Reduced -63.1k	-63,105 -37.9%
23	TEXAS INSTRS INC COM TXN	TXN	39,640	$11.8m1.95%	1.95%	Reduced -14.4k	-14,400 -26.6%
24	RADIAN GROUP INC COM RDN	RDN	303,200	$11.4m1.88%	1.88%	Reduced -76.4k	-76,400 -20.1%
25	TRUIST FINL CORP COM TFC	TFC	225,450	$11.2m1.85%	1.85%	Reduced -61.5k	-61,500 -21.4%
26	WELLS FARGO CO NEW COM WFC	WFC	132,450	$10.9m1.81%	1.81%	Reduced -25.7k	-25,700 -16.2%
27	DIAGEO PLC SPON ADR NEW DEO	DEO	134,400	$10.8m1.78%	1.78%	Reduced -21.1k	-21,120 -13.6%
28	DENTSPLY SIRONA INC COM XRAY	XRAY	1,015,350	$10.8m1.78%	1.78%	Reduced -139.1k	-139,100 -12.1%
29	VERIZON COMMUNICATIONS INC COM VZ	VZ	249,485	$10.6m1.74%	1.74%	Added +36.9k	+36,935 17.4%
30	PFIZER INC COM PFE	PFE	425,750	$10.3m1.69%	1.69%	Reduced -70.0k	-70,000 -14.1%
31	AMERICAN ELEC PWR CO INC COM AEP	AEP	74,540	$10.2m1.68%	1.68%	Reduced -21.7k	-21,700 -22.6%
32	NETAPP INC COM NTAP	NTAP	64,435	$10.0m1.65%	1.65%	Reduced -34.0k	-33,990 -34.5%
33	UNION PAC CORP COM UNP	UNP	35,632	$9.7m1.60%	1.60%	Reduced -12.0k	-12,000 -25.2%
34	US BANCORP DEL COM NEW USB	USB	158,445	$9.6m1.58%	1.58%	Reduced -44.7k	-44,710 -22.0%
35	PACKAGING CORP AMER COM PKG	PKG	38,657	$9.2m1.52%	1.52%	Reduced -12.0k	-12,000 -23.7%
36	PHILLIPS 66 COM PSX	PSX	52,845	$8.9m1.47%	1.47%	Reduced -30.4k	-30,390 -36.5%
37	AMERICAN INTL GROUP INC COM NEW AIG	AIG	118,350	$8.8m1.46%	1.46%	Reduced -29.1k	-29,100 -19.7%
38	METLIFE INC COM MET	MET	103,000	$8.7m1.44%	1.44%	Reduced -33.0k	-33,000 -24.3%
39	AMGEN INC COM AMGN	AMGN	23,860	$8.6m1.43%	1.43%	Reduced -8.5k	-8,500 -26.3%
40	WEYERHAEUSER CO MTN BE COM NEW WY	WY	359,085	$8.6m1.42%	1.42%	Reduced -53.0k	-53,000 -12.9%
41	HASBRO INC COM HAS	HAS	101,600	$8.4m1.38%	1.38%	Reduced -21.9k	-21,900 -17.7%
42	VICI PPTYS INC COM VICI	VICI	275,450	$7.3m1.21%	1.21%	Reduced -47.0k	-47,000 -14.6%
43	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	28,721	$6.4m1.06%	1.06%	New
44	CARDINAL HEALTH INC COM CAH	CAH	25,610	$6.1m1.00%	1.00%	Reduced -7.9k	-7,900 -23.6%
45	GRAPHIC PACKAGING HLDG CO COM GPK	GPK	553,800	$5.9m0.97%	0.97%	Reduced -179.5k	-179,500 -24.5%
46	DARDEN RESTAURANTS INC COM DRI	DRI	28,315	$5.8m0.96%	0.96%	Reduced -8.6k	-8,600 -23.3%
47	INGREDION INC COM INGR	INGR	52,250	$4.9m0.82%	0.82%	Reduced -7.2k	-7,200 -12.1%
48	REALTY INCOME CORP COM O	O	79,283	$4.9m0.81%	0.81%	Reduced -27.6k	-27,600 -25.8%
49	PARKER-HANNIFIN CORP COM PH	PH	5,020	$4.9m0.81%	0.81%	Reduced -2.1k	-2,100 -29.5%
50	PEPSICO INC COM PEP	PEP	35,920	$4.9m0.80%	0.80%	Reduced -6.8k	-6,800 -15.9%
51	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	97,200	$4.4m0.72%	0.72%	Reduced -21.4k	-21,400 -18.0%
52	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	4,669	$2.0m0.34%	0.34%	Unchanged
53	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,755	$1.9m0.31%	0.31%	Added +877	+877 30.5%
54	BERKLEY W R CORP COM WRB	WRB	24,506	$1.7m0.29%	0.29%	Added +1.1k	+1,130 4.8%
55	JPMORGAN CHASE & CO COM JPM	JPM	3,907	$1.3m0.21%	0.21%	Unchanged
56	AMERICAN EXPRESS CO COM AXP	AXP	3,779	$1.3m0.21%	0.21%	Added +200	+200 5.6%
57	ABBVIE INC COM ABBV	ABBV	5,019	$1.3m0.21%	0.21%	Unchanged
58	NVENT ELECTRIC PLC SHS NVT	NVT	7,273	$1.2m0.20%	0.20%	Reduced -3.7k	-3,705 -33.8%
59	COREBRIDGE FINL INC COM CRBG	CRBG	41,150	$1.2m0.19%	0.19%	Reduced -328.8k	-328,804 -88.9%
60	LABCORP HOLDINGS INC COM SHS LH	LH	3,855	$1.1m0.18%	0.18%	Added +955	+955 32.9%
61	COHERENT CORP COM COHR	COHR	2,390	$942.8k0.16%	0.16%	Reduced -820	-820 -25.6%
62	SOLVENTUM CORP COM SHS SOLV	SOLV	11,855	$914.6k0.15%	0.15%	Added +1.9k	+1,910 19.2%
63	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,456	$877.7k0.14%	0.14%	Unchanged
64	REGENERON PHARMACEUTICALS COM REGN	REGN	1,295	$807.5k0.13%	0.13%	Unchanged
65	ASTRAZENECA PLC ORD AZN	AZN	3,930	$745.2k0.12%	0.12%	Unchanged
66	BROOKFIELD CORP CL A LTD VT SH BN	BN	17,157	$730.7k0.12%	0.12%	Added +699	+699 4.2%
67	AMERIPRISE FINL INC COM AMP	AMP	1,590	$729.4k0.12%	0.12%	Unchanged
68	CUMMINS INC COM CMI	CMI	891	$635.5k0.10%	0.10%	Unchanged
69	INTERACTIVE BROKERS GROUP IN COM CL A IBKR	IBKR	6,872	$598.1k0.10%	0.10%	Unchanged
70	WEC ENERGY GROUP INC COM WEC	WEC	4,665	$544.7k0.09%	0.09%	Unchanged
71	ADOBE INC COM ADBE	ADBE	2,630	$539.2k0.09%	0.09%	Reduced -300	-300 -10.2%
72	MONDELEZ INTL INC CL A MDLZ	MDLZ	8,808	$509.5k0.08%	0.08%	Unchanged
73	CBOE GLOBAL MKTS INC COM CBOE	CBOE	2,067	$501.6k0.08%	0.08%	Reduced -120	-120 -5.5%
74	INTEL CORP COM INTC	INTC	3,435	$479.6k0.08%	0.08%	Reduced -2.2k	-2,215 -39.2%
75	CLARIVATE PLC ORD SHS CLVT	CLVT	164,740	$355.8k0.06%	0.06%	Reduced -19.5k	-19,500 -10.6%
76	TE CONNECTIVITY PLC ORD SHS TEL	TEL	1,730	$348.8k0.06%	0.06%	Unchanged
77	DEVON ENERGY CORP NEW COM DVN	DVN	8,133	$336.1k0.06%	0.06%	Reduced -1.0k	-1,000 -10.9%
78	BANK AMERICA CORP COM BAC	BAC	5,550	$316.2k0.05%	0.05%	Unchanged
79	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	3,700	$213.2k0.04%	0.04%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AVANTOR INC AVTR	AVTR	62,967	$493.7k63.0k shares