HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC

Los Angeles, CA · CIK 1164833 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2001 · limited liability company

Assets managed$36.9bn
Staff64 · 32 in investment roles
Main clients (by assets)Mutual funds and ETFs 66%, Private funds 13%, Pension plans 11%
Private funds2 (2 hedge) · $423.7m gross assets
Form ADV · 2026-03-30SEC adviser record

Legal entityHOTCHKIS AND WILEY CAPITAL MANAGEMENT, LLC (US)

$34.3bn reported value +6.0% vs Q1 2026

460positions

25.8%in top 10

10 new 263 added 174 reduced 13 sold out vs Q1 2026

Options: 0 call positions (— notional), 2 put positions ($14.7m notional) – listed below, not included above.

Also in the report of:

American Beacon Advisors, Inc.

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	WORKDAY INC CL A WDAY	WDAY	12,679,129	$1.6bn4.53%	4.53%	Added +2.0m	+2,023,396 19.0%
2	APA CORPORATION COM APA	APA	31,695,303	$1.0bn3.01%	3.01%	Reduced -319.8k	-319,811 -1.0%
3	AMERICAN INTL GROUP INC COM NEW AIG	AIG	11,841,030	$882.5m2.57%	2.57%	Added +1.6m	+1,610,435 15.7%
4	F5 INC COM FFIV	FFIV	2,061,574	$857.5m2.50%	2.50%	Reduced -2.5m	-2,517,727 -55.0%
5	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	12,250,502	$784.2m2.29%	2.29%	Added +2.3m	+2,282,629 22.9%
6	ELEVANCE HEALTH INC COM ELV	ELV	2,016,200	$779.7m2.27%	2.27%	Reduced -175.4k	-175,363 -8.0%
7	PPG INDS INC COM PPG	PPG	6,331,643	$768.0m2.24%	2.24%	Added +171.7k	+171,697 2.8%
8	TELEFONAKTIEBOLAGET LM ERICS ADR B SEK 10 ERIC	ERIC	68,701,573	$766.0m2.23%	2.23%	Reduced -13.6m	-13,560,554 -16.5%
9	COMCAST CORP NEW CL A CMCSA	CMCSA	30,084,514	$738.6m2.15%	2.15%	Added +3.3m	+3,284,763 12.3%
10	DOMINION ENERGY INC COM D	D	9,894,768	$675.7m1.97%	1.97%	Reduced -1.5m	-1,454,625 -12.8%
11	US BANCORP DEL COM NEW USB	USB	10,566,132	$638.2m1.86%	1.86%	Reduced -730.1k	-730,130 -6.5%
12	CITIGROUP INC COM NEW C	C	4,548,436	$636.6m1.86%	1.86%	Reduced -2.5m	-2,477,512 -35.3%
13	GENERAL MTRS CO COM GM	GM	7,801,221	$601.3m1.75%	1.75%	Reduced -642.3k	-642,329 -7.6%
14	WELLS FARGO CO NEW COM WFC	WFC	7,118,512	$588.3m1.72%	1.72%	Added +802.1k	+802,070 12.7%
15	MAGNA INTL INC COM MGA	MGA	8,795,761	$577.5m1.68%	1.68%	Reduced -1.0m	-1,049,210 -10.7%
16	THE CIGNA GROUP COM CI	CI	2,024,152	$558.0m1.63%	1.63%	Added +1.5m	+1,527,047 307.2%
17	SALESFORCE INC COM CRM	CRM	3,525,733	$552.3m1.61%	1.61%	Reduced -168.3k	-168,329 -4.6%
18	CNH INDL N V SHS CNH	CNH	49,047,896	$550.8m1.61%	1.61%	Added +5.4m	+5,422,540 12.4%
19	CDW CORP COM CDW	CDW	3,777,585	$531.3m1.55%	1.55%	Added +1.8m	+1,750,105 86.3%
20	FISERV INC COM FISV	FISV	10,469,503	$513.5m1.50%	1.50%	Added +4.6m	+4,634,500 79.4%
21	OMNICOM GROUP INC COM OMC	OMC	6,867,753	$500.2m1.46%	1.46%	Added +1.5m	+1,491,719 27.8%
22	SHELL PLC SPON ADS SHEL	SHEL	6,199,706	$480.7m1.40%	1.40%	Added +53.1k	+53,057 0.9%
23	OVINTIV INC COM OVV	OVV	8,695,301	$457.8m1.33%	1.33%	Added +194.2k	+194,208 2.3%
24	MEDTRONIC PLC SHS MDT	MDT	5,789,077	$452.9m1.32%	1.32%	Added +998.0k	+997,987 20.8%
25	FEDEX CORP COM FDX	FDX	1,394,197	$436.6m1.27%	1.27%	Reduced -194.3k	-194,260 -12.2%
26	UNITEDHEALTH GROUP INC COM UNH	UNH	1,035,250	$430.3m1.25%	1.25%	Reduced -733.8k	-733,818 -41.5%
27	PACCAR INC COM PCAR	PCAR	3,464,963	$416.2m1.21%	1.21%	Reduced -46.0k	-46,030 -1.3%
28	SAP SE SPON ADR SAP	SAP	2,508,905	$386.6m1.13%	1.13%	Added +2.3m	+2,252,410 878.1%
29	TRUIST FINL CORP COM TFC	TFC	7,413,799	$369.4m1.08%	1.08%	Reduced -123.2k	-123,230 -1.6%
30	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,013,951	$362.4m1.06%	1.06%	Reduced -75.3k	-75,346 -6.9%
31	KRAFT HEINZ CO COM KHC	KHC	15,196,599	$358.9m1.05%	1.05%	Reduced -71.7k	-71,740 -0.5%
32	HUMANA INC COM HUM	HUM	878,377	$348.9m1.02%	1.02%	Reduced -730.6k	-730,647 -45.4%
33	STANLEY BLACK & DECKER INC COM SWK	SWK	3,649,602	$343.5m1.00%	1.00%	Added +428.9k	+428,932 13.3%
34	STATE STR CORP COM STT	STT	2,001,394	$339.4m0.99%	0.99%	Reduced -2.2m	-2,234,697 -52.8%
35	COREBRIDGE FINL INC COM CRBG	CRBG	11,644,490	$333.4m0.97%	0.97%	Added +2.6m	+2,564,310 28.2%
36	MONDELEZ INTL INC CL A MDLZ	MDLZ	5,753,722	$332.8m0.97%	0.97%	Added +135.4k	+135,382 2.4%
37	CONSTELLATION BRANDS INC CL A STZ	STZ	2,391,780	$332.7m0.97%	0.97%	Added +627.3k	+627,349 35.6%
38	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	154,960	$322.4m0.94%	0.94%	Added +22.1k	+22,130 16.7%
39	OLIN CORP COM PAR $1 OLN	OLN	16,021,214	$317.5m0.93%	0.93%	Added +937.0k	+936,990 6.2%
40	SCHLUMBERGER LTD COM STK SLB	SLB	6,764,047	$314.5m0.92%	0.92%	Reduced -2.9m	-2,942,325 -30.3%
41	SMUCKER J M CO COM NEW SJM	SJM	2,793,916	$314.3m0.92%	0.92%	Added +603.8k	+603,840 27.6%
42	GENUINE PARTS CO COM GPC	GPC	2,657,600	$313.5m0.91%	0.91%	Added +910.6k	+910,610 52.1%
43	BANK AMERICA CORP COM BAC	BAC	5,307,713	$302.4m0.88%	0.88%	Added +766.4k	+766,397 16.9%
44	APTIV PLC COM SHS APTV	APTV	4,905,719	$301.1m0.88%	0.88%	Added +1.5m	+1,484,688 43.4%
45	NOV INC COM NOV	NOV	14,353,823	$266.3m0.78%	0.78%	Reduced -565.8k	-565,790 -3.8%
46	TE CONNECTIVITY PLC ORD SHS TEL	TEL	1,282,847	$258.6m0.75%	0.75%	Added +483.1k	+483,050 60.4%
47	WPP PLC NEW ADR WPP	WPP	16,676,408	$258.3m0.75%	0.75%	Added +1.7m	+1,674,700 11.2%
48	FLUOR CORP NEW COM FLR	FLR	4,635,570	$242.9m0.71%	0.71%	Added +614.1k	+614,065 15.3%
49	QUALCOMM INC COM QCOM	QCOM	1,310,630	$242.2m0.71%	0.71%	New
50	FIDELITY NATL INFORMATION SV COM FIS	FIS	6,179,887	$240.3m0.70%	0.70%	Added +3.0m	+2,962,300 92.1%
51	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	2,761,429	$237.7m0.69%	0.69%	Reduced -31.0k	-30,960 -1.1%
52	NORFOLK SOUTHN CORP COM NSC	NSC	727,138	$228.8m0.67%	0.67%	Reduced -14.5k	-14,530 -2.0%
53	FORTIVE CORP COM FTV	FTV	3,618,174	$221.0m0.64%	0.64%	Reduced -27.8k	-27,790 -0.8%
54	LABCORP HOLDINGS INC COM SHS LH	LH	742,022	$207.8m0.61%	0.61%	Reduced -1.6k	-1,580 -0.2%
55	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	4,962,014	$192.2m0.56%	0.56%	Added +2.4m	+2,379,740 92.2%
56	BOEING CO COM BA	BA	874,437	$189.3m0.55%	0.55%	Reduced -4.2k	-4,250 -0.5%
57	SLM CORP COM SLM	SLM	7,216,318	$187.2m0.55%	0.55%	Added +730.1k	+730,130 11.3%
58	CONOCOPHILLIPS COM COP	COP	1,787,373	$185.8m0.54%	0.54%	Added +82.7k	+82,656 4.8%
59	GSK PLC SPONSORED ADR GSK	GSK	3,413,574	$178.9m0.52%	0.52%	Reduced -68.5k	-68,480 -2.0%
60	CUMMINS INC COM CMI	CMI	244,044	$174.1m0.51%	0.51%	Reduced -382.0k	-382,026 -61.0%
61	LEIDOS HOLDINGS INC COM LDOS	LDOS	1,644,950	$169.4m0.49%	0.49%	New
62	DEERE & CO COM DE	DE	261,130	$165.6m0.48%	0.48%	Reduced -1.1k	-1,080 -0.4%
63	CENTENE CORP DEL COM CNC	CNC	2,561,083	$164.4m0.48%	0.48%	Reduced -97.5k	-97,550 -3.7%
64	STAGWELL INC COM CL A STGW	STGW	21,313,377	$158.4m0.46%	0.46%	Reduced -1.7m	-1,744,680 -7.6%
65	UNILEVER PLC SPON ADR NEW UL	UL	2,565,840	$154.3m0.45%	0.45%	Reduced -51.5k	-51,550 -2.0%
66	GENERAL DYNAMICS CORP COM GD	GD	415,162	$147.1m0.43%	0.43%	Reduced -520	-520 -0.1%
67	U HAUL HOLDING COMPANY COM SER N UHAL.B	UHAL.B	2,470,586	$142.6m0.42%	0.42%	Reduced -700.5k	-700,543 -22.1%
68	LITHIA MTRS INC COM LAD	LAD	489,990	$142.3m0.41%	0.41%	Reduced -13.2k	-13,240 -2.6%
69	CHECK POINT SOFTWARE TECH LT ORD CHKP	CHKP	998,668	$131.3m0.38%	0.38%	New
70	LOCKHEED MARTIN CORP COM LMT	LMT	256,530	$130.7m0.38%	0.38%	New
71	AVNET INC COM AVT	AVT	1,438,823	$127.8m0.37%	0.37%	Reduced -102.8k	-102,793 -6.7%
72	PPL CORP COM PPL	PPL	3,446,840	$125.3m0.37%	0.37%	Reduced -1.6m	-1,630,120 -32.1%
73	WORKIVA INC COM CL A WK	WK	2,578,108	$125.1m0.36%	0.36%	Added +898.3k	+898,320 53.5%
74	BORGWARNER INC COM BWA	BWA	1,764,422	$117.2m0.34%	0.34%	Reduced -338.8k	-338,810 -16.1%
75	CITIZENS FINL GROUP INC COM CFG	CFG	1,541,159	$108.0m0.31%	0.31%	Reduced -765.6k	-765,639 -33.2%
76	CALIFORNIA RES CORP COM STOCK CRC	CRC	1,785,343	$94.4m0.28%	0.28%	Added +524.9k	+524,850 41.6%
77	MURPHY OIL CORP COM MUR	MUR	2,738,389	$89.2m0.26%	0.26%	Added +15.4k	+15,410 0.6%
78	EURONET WORLDWIDE INC COM EEFT	EEFT	1,188,709	$87.0m0.25%	0.25%	Added +70.0k	+70,040 6.3%
79	FIRST HAWAIIAN INC COM FHB	FHB	2,849,812	$83.5m0.24%	0.24%	Added +52.5k	+52,540 1.9%
80	UNIVERSAL HLTH SVCS INC CL B UHS	UHS	510,534	$75.9m0.22%	0.22%	Added +273.3k	+273,316 115.2%
81	CONAGRA BRANDS INC COM CAG	CAG	5,615,737	$75.6m0.22%	0.22%	Added +811.5k	+811,540 16.9%
82	RUSH ENTERPRISES INC CL A RUSHA	RUSHA	898,331	$65.6m0.19%	0.19%	Added +24.4k	+24,420 2.8%
83	TIMKEN CO COM TKR	TKR	426,695	$62.0m0.18%	0.18%	Reduced -1.1m	-1,139,167 -72.8%
84	POPULAR INC COM NEW BPOP	BPOP	359,583	$59.0m0.17%	0.17%	Reduced -105.8k	-105,757 -22.7%
85	OGE ENERGY CORP COM OGE	OGE	1,200,866	$58.4m0.17%	0.17%	Added +108.7k	+108,680 9.9%
86	MICROSOFT CORP COM MSFT	MSFT	156,526	$58.4m0.17%	0.17%	Added +75.6k	+75,637 93.5%
87	AMDOCS LTD SHS DOX	DOX	1,148,126	$58.0m0.17%	0.17%	Reduced -13.0k	-13,040 -1.1%
88	JONES LANG LASALLE INC COM JLL	JLL	184,124	$57.1m0.17%	0.17%	Added +55.5k	+55,507 43.2%
89	SOLVENTUM CORP COM SHS SOLV	SOLV	723,580	$55.8m0.16%	0.16%	Added +30.5k	+30,520 4.4%
90	WEX INC COM WEX	WEX	386,978	$54.6m0.16%	0.16%	Added +150.4k	+150,380 63.6%
91	BRINKS CO COM BCO	BCO	568,083	$53.7m0.16%	0.16%	Added +119.2k	+119,160 26.5%
92	STIFEL FINL CORP COM SF	SF	757,136	$52.8m0.15%	0.15%	Added +185.4k	+185,380 32.4%
93	MARRIOTT VACATIONS WORLDWIDE COM VAC	VAC	498,904	$50.8m0.15%	0.15%	Reduced -494.0k	-493,980 -49.8%
94	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	913,300	$48.3m0.14%	0.14%	Reduced -308.3k	-308,340 -25.2%
95	LIVANOVA PLC SHS LIVN	LIVN	561,124	$46.1m0.13%	0.13%	Added +4.6k	+4,570 0.8%
96	ADIENT PLC ORD SHS ADNT	ADNT	2,458,020	$45.2m0.13%	0.13%	Added +145.3k	+145,320 6.3%
97	BANK OF NT BUTTERFIELD&SON L SHS NEW NTB	NTB	745,400	$44.4m0.13%	0.13%	Reduced -59.3k	-59,330 -7.4%
98	VERSIGENT PLC ORDINARY SHARES VGNT	VGNT	1,038,679	$43.6m0.13%	0.13%	Added +1.0m	+1,010,844 3631.6%
99	ROBERT HALF INC. COM RHI	RHI	1,359,143	$41.7m0.12%	0.12%	Added +17.2k	+17,180 1.3%
100	KOSMOS ENERGY LTD COM KOS	KOS	18,844,781	$39.8m0.12%	0.12%	Reduced -1.2m	-1,206,820 -6.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CVS HEALTH CORP CVS	CVS	2,794,787	$200.7m2.8m shares
HARTFORD INSURANCE GROUP INC HIG	HIG	1,355,035	$183.2m1.4m shares
FIRST FNDTN INC FFWM	FFWM	2,115,460	$12.5m2.1m shares
FLUSHING FINL CORP		797,838	$12.3m797.8k shares
HERITAGE COMM CORP HTBK	HTBK	823,974	$10.3m824.0k shares
CALAVO GROWERS INC		386,080	$10.0m386.1k shares
AMERICAN WOODMARK CORPORATIO AMWD	AMWD	185,105	$7.4m185.1k shares
TRI POINTE HOMES INC TPH	TPH	143,899	$6.7m143.9k shares
THERMON GROUP HLDGS INC		66,219	$3.3m66.2k shares
EMERALD HOLDING INC EEX	EEX	583,706	$2.6m583.7k shares
WESCO INTL INC WCC	WCC	7,454	$2.0m7.5k shares
PETMED EXPRESS INC PETS	PETS	514,543	$1.2m514.5k shares
CARNIVAL CORP		21,200	$548.7k21.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
UNITED PARCEL SERVICE INC UPS · Put	UPS	Put	120,000	$12.9m120.0k shares	Reduced
DIGITAL RLTY TR INC DLR · Put	DLR	Put	10,000	$1.8m10.0k shares	Reduced

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
OLIN CORP OLN · 13G · filed 2026-02-17	OLN	13.4%≈ $302.8m	+3.2 pts	13G	2026-02-17
NATIONAL CINEMEDIA INC NCMI · 13G · filed 2026-08-12	NCMI	10.1%≈ $35.9m	+1.6 pts	13G	2026-08-12
APA CORPORATION APA · 13G · filed 2026-08-12	APA	9.0%≈ $1.0bn	-1.0 pts	13G	2026-08-12
STAGWELL INC STGW · 13G · filed 2025-11-14	STGW	8.1%≈ $156.3m	+1.4 pts	13G	2025-11-14
GLOBAL INDEMNITY GROUP LLC GBLI · 13G · filed 2026-08-12	GBLI	7.7%≈ $21.0m	-1.5 pts	13G	2026-08-12
WPP PLC NEW WPP · 13G · filed 2026-05-15	WPP	7.6%	new	13G	2026-05-15
WORKDAY INC WDAY · 13G · filed 2026-08-12	WDAY	6.3%≈ $1.6bn	+1.2 pts	13G	2026-08-12
SERITAGE GROWTH PPTYS SRG · 13G · filed 2026-05-15	SRG	5.5%≈ $8.2m		13G	2026-05-15