Edgemoor Investment Advisors, Inc.

BETHESDA, MD · CIK 1313792 · 13F filing filed 2023-08-09

SEC-registered investment adviser since 1999 · corporation

Assets managed$1.5bn
Staff9 · 6 in investment roles
Main clients (by assets)High net worth individuals 74%, Mutual funds and ETFs 12%, Individuals 11%
Websiteedgemoorinv.com
Form ADV · 2026-03-25SEC adviser record

Legal entityEdgemoor Investment Advisors, Inc. (US)

$885.6m reported value +7.6% vs Q1 2023

158positions

47.6%in top 10

5 new 23 added 78 reduced 2 sold out vs Q1 2023

Holdings, Q2 2023

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	236,859	$80.7m9.11%	9.11%	Reduced -2.8k	-2,822 -1.2%
2	APPLE INC COM AAPL	AAPL	395,722	$76.8m8.67%	8.67%	Reduced -3.8k	-3,817 -1.0%
3	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	169,690	$57.9m6.53%	6.53%	Reduced -1.4k	-1,358 -0.8%
4	LOWES COS INC COM LOW	LOW	211,572	$47.8m5.39%	5.39%	Reduced -5.7k	-5,655 -2.6%
5	UNITED RENTALS INC COM URI	URI	78,603	$35.0m3.95%	3.95%	Reduced -827	-827 -1.0%
6	ALPHABET INC CAP STK CL C GOOG	GOOG	256,745	$31.1m3.51%	3.51%	Reduced -4.5k	-4,462 -1.7%
7	LENNAR CORP CL A LEN	LEN	215,674	$27.0m3.05%	3.05%	Reduced -4.3k	-4,309 -2.0%
8	APPLIED MATLS INC COM AMAT	AMAT	163,490	$23.6m2.67%	2.67%	Reduced -4.2k	-4,194 -2.5%
9	AMAZON COM INC COM AMZN	AMZN	171,160	$22.3m2.52%	2.52%	Added +884	+884 0.5%
10	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	55,584	$19.6m2.21%	2.21%	Reduced -279	-279 -0.5%
11	ALPHABET INC CAP STK CL A GOOGL	GOOGL	155,339	$18.6m2.10%	2.10%	Reduced -3.1k	-3,124 -2.0%
12	CVS HEALTH CORP COM CVS	CVS	261,238	$18.1m2.04%	2.04%	Reduced -4.2k	-4,173 -1.6%
13	BROADCOM INC COM AVGO	AVGO	18,978	$16.5m1.86%	1.86%	Reduced -493	-493 -2.5%
14	BLACKSTONE INC COM BX	BX	156,118	$14.5m1.64%	1.64%	Reduced -2.4k	-2,421 -1.5%
15	NOVARTIS AG SPONSORED ADR NVS	NVS	138,892	$14.0m1.58%	1.58%	Reduced -1.8k	-1,793 -1.3%
16	VISA INC COM CL A V	V	54,875	$13.0m1.47%	1.47%	Reduced -988	-988 -1.8%
17	BLACKROCK INC COM BLK	BLK	18,755	$13.0m1.46%	1.46%	Reduced -422	-422 -2.2%
18	ARES CAPITAL CORP COM ARCC	ARCC	680,435	$12.8m1.44%	1.44%	Reduced -12.4k	-12,449 -1.8%
19	WILLIAMS SONOMA INC COM WSM	WSM	99,128	$12.4m1.40%	1.40%	Reduced -2.4k	-2,368 -2.3%
20	GENERAL DYNAMICS CORP COM GD	GD	55,176	$11.9m1.34%	1.34%	Reduced -833	-833 -1.5%
21	JOHNSON CTLS INTL PLC SHS JCI	JCI	167,157	$11.4m1.29%	1.29%	Reduced -1.0k	-1,022 -0.6%
22	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	217,288	$10.9m1.23%	1.23%	Reduced -28.8k	-28,800 -11.7%
23	CROWN CASTLE INC COM CCI	CCI	91,493	$10.4m1.18%	1.18%	Reduced -2.2k	-2,201 -2.4%
24	AMERICAN ELEC PWR CO INC COM AEP	AEP	116,810	$9.8m1.11%	1.11%	Reduced -593	-593 -0.5%
25	ISHARES TR CORE S&P SCP ETF IJR	IJR	89,175	$8.9m1.00%	1.00%	Added +9.9k	+9,863 12.4%
26	NEXTERA ENERGY INC COM NEE	NEE	118,169	$8.8m0.99%	0.99%	Reduced -1.1k	-1,140 -1.0%
27	VERIZON COMMUNICATIONS INC COM VZ	VZ	233,165	$8.7m0.98%	0.98%	Reduced -5.7k	-5,705 -2.4%
28	DEERE & CO COM DE	DE	20,444	$8.3m0.94%	0.94%	Added +400	+400 2.0%
29	REALTY INCOME CORP COM O	O	136,337	$8.2m0.92%	0.92%	Reduced -2.5k	-2,468 -1.8%
30	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	15,323	$8.0m0.90%	0.90%	New
31	SCHWAB CHARLES CORP COM SCHW	SCHW	140,100	$7.9m0.90%	0.90%	New
32	FIRST TR SR FLTG RATE INCOME COM COM		792,435	$7.8m0.89%	0.89%	Reduced -12.7k	-12,730 -1.6%
33	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	296,604	$7.8m0.88%	0.88%	Reduced -14.4k	-14,393 -4.6%
34	SHELL PLC SPON ADS SHEL	SHEL	122,962	$7.4m0.84%	0.84%	Added +501	+501 0.4%
35	BLACKSTONE MTG TR INC COM CL A BXMT	BXMT	349,972	$7.3m0.82%	0.82%	Reduced -14.3k	-14,321 -3.9%
36	AES CORP UNIT 02/15/2024 AES 6.875 02.15.24	AES 6.875 02.15.24	87,426	$7.1m0.81%	0.81%	Added +80	+80 0.1%
37	CITIGROUP INC COM NEW C	C	143,536	$6.6m0.75%	0.75%	Added +90.6k	+90,574 171.0%
38	SOUTHERN CO COM SO	SO	93,829	$6.6m0.74%	0.74%	Reduced -3.3k	-3,322 -3.4%
39	MERCK & CO INC COM MRK	MRK	56,772	$6.6m0.74%	0.74%	Reduced -180	-180 -0.3%
40	DOMINION ENERGY INC COM D	D	121,512	$6.3m0.71%	0.71%	Reduced -9.1k	-9,117 -7.0%
41	CENTERPOINT ENERGY INC COM CNP	CNP	213,201	$6.2m0.70%	0.70%	Reduced -4.7k	-4,726 -2.2%
42	CLEARWAY ENERGY INC CL A CL A		204,367	$5.5m0.62%	0.62%	Reduced -2.1k	-2,076 -1.0%
43	ISHARES INC CORE MSCI EMKT IEMG	IEMG	103,161	$5.1m0.57%	0.57%	Added +274	+274 0.3%
44	SIMON PPTY GROUP INC NEW COM SPG	SPG	43,525	$5.0m0.57%	0.57%	Reduced -2.0k	-2,010 -4.4%
45	BCE INC COM NEW BCE	BCE	107,973	$4.9m0.56%	0.56%	Added +2.3k	+2,318 2.2%
46	DISNEY WALT CO COM DIS	DIS	54,495	$4.9m0.55%	0.55%	Reduced -13.6k	-13,574 -19.9%
47	MALIBU BOATS INC COM CL A MBUU	MBUU	71,249	$4.2m0.47%	0.47%	Reduced -1.3k	-1,336 -1.8%
48	DIGITAL RLTY TR INC COM DLR	DLR	36,189	$4.1m0.47%	0.47%	Added +506	+506 1.4%
49	WELLS FARGO CO NEW PERP PFD CNV A WFC 7.5 PERP L	WFC 7.5 PERP L	3,498	$4.0m0.46%	0.46%	Reduced -55	-55 -1.6%
50	MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP COM UNIT RP LP		63,082	$3.9m0.44%	0.44%	Reduced -10	-10 -0.0%
51	FISERV INC COM FISV	FISV	31,036	$3.9m0.44%	0.44%	Reduced -49	-49 -0.2%
52	AT&T INC COM T	T	232,306	$3.7m0.42%	0.42%	Reduced -3.4k	-3,385 -1.4%
53	ATMOS ENERGY CORP COM ATO	ATO	31,201	$3.6m0.41%	0.41%	Reduced -1.7k	-1,669 -5.1%
54	BLACKROCK CR ALLOCATION INCO COM BTZ	BTZ	354,174	$3.6m0.41%	0.41%	Reduced -6.5k	-6,471 -1.8%
55	KINDER MORGAN INC DEL COM KMI	KMI	204,750	$3.5m0.40%	0.40%	Reduced -1.2k	-1,180 -0.6%
56	EVERGY INC COM EVRG	EVRG	60,233	$3.5m0.40%	0.40%	Reduced -50	-50 -0.1%
57	PEMBINA PIPELINE CORP COM PBA	PBA	106,318	$3.3m0.38%	0.38%	Reduced -562	-562 -0.5%
58	STARWOOD PPTY TR INC COM STWD	STWD	159,678	$3.1m0.35%	0.35%	Reduced -3.6k	-3,565 -2.2%
59	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	48,900	$2.7m0.31%	0.31%	Added +939	+939 2.0%
60	XCEL ENERGY INC COM XEL	XEL	39,873	$2.5m0.28%	0.28%	Unchanged
61	RLJ LODGING TR CUM CONV PFD A RLJ 1.95 PERP A	RLJ 1.95 PERP A	98,903	$2.4m0.27%	0.27%	Reduced -2.5k	-2,525 -2.5%
62	CORTEVA INC COM CTVA	CTVA	40,278	$2.3m0.26%	0.26%	Added +25.4k	+25,370 170.2%
63	WEYERHAEUSER CO MTN BE COM NEW WY	WY	66,249	$2.2m0.25%	0.25%	Reduced -262	-262 -0.4%
64	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	1,893	$2.2m0.25%	0.25%	Reduced -105	-105 -5.3%
65	EQUITY COMWLTH 6.5% CNV PFD D EQC 6.5 PERP D	EQC 6.5 PERP D	85,180	$2.2m0.24%	0.24%	Reduced -9.9k	-9,885 -10.4%
66	JOHNSON & JOHNSON COM JNJ	JNJ	12,883	$2.1m0.24%	0.24%	Reduced -449	-449 -3.4%
67	BOOKING HOLDINGS INC COM BKNG	BKNG	749	$2.0m0.23%	0.23%	Added +497	+497 197.2%
68	ISHARES TR SHORT TREAS BD SHV	SHV	18,139	$2.0m0.23%	0.23%	Reduced -955	-955 -5.0%
69	ACTIVISION BLIZZARD INC COM ATVI	ATVI	22,307	$1.9m0.21%	0.21%	Added +595	+595 2.7%
70	DANAHER CORPORATION COM DHR	DHR	7,110	$1.7m0.19%	0.19%	Unchanged
71	MICRON TECHNOLOGY INC COM MU	MU	26,748	$1.7m0.19%	0.19%	Reduced -745	-745 -2.7%
72	THE CIGNA GROUP COM CI	CI	5,687	$1.6m0.18%	0.18%	Unchanged
73	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	3	$1.6m0.18%	0.18%	Reduced -1	-1 -25.0%
74	PUBLIC STORAGE COM PSA	PSA	5,143	$1.5m0.17%	0.17%	New
75	BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT BEP	BEP	50,442	$1.5m0.17%	0.17%	Added +310	+310 0.6%
76	GOLUB CAP BDC INC COM GBDC	GBDC	103,644	$1.4m0.16%	0.16%	Reduced -2.5k	-2,500 -2.4%
77	EXXON MOBIL CORP COM XOM	XOM	12,799	$1.4m0.16%	0.16%	Added +4	+4 0.0%
78	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	21,145	$1.4m0.15%	0.15%	Unchanged
79	WELLTOWER INC COM WELL	WELL	16,699	$1.4m0.15%	0.15%	Reduced -2.4k	-2,411 -12.6%
80	EVERSOURCE ENERGY COM ES	ES	18,869	$1.3m0.15%	0.15%	Unchanged
81	PEPSICO INC COM PEP	PEP	6,941	$1.3m0.15%	0.15%	Unchanged
82	MARSH & MCLENNAN COS INC COM MRSH	MRSH	6,499	$1.2m0.14%	0.14%	Reduced -10	-10 -0.1%
83	CLEARBRIDGE MLP AND MIDSTRM COM COM		32,067	$1.1m0.13%	0.13%	Added +1.4k	+1,383 4.5%
84	ORACLE CORP COM ORCL	ORCL	8,885	$1.1m0.12%	0.12%	Unchanged
85	ISHARES TR RUS 1000 GRW ETF IWF	IWF	3,517	$967.8k0.11%	0.11%	Unchanged
86	JPMORGAN CHASE & CO COM JPM	JPM	6,531	$950.0k0.11%	0.11%	Added +1	+1 0.0%
87	KAYNE ANDERSON ENERGY INFRST COM KYN	KYN	112,852	$918.6k0.10%	0.10%	Reduced -4.1k	-4,070 -3.5%
88	LOCKHEED MARTIN CORP COM LMT	LMT	1,938	$892.2k0.10%	0.10%	Reduced -38	-38 -1.9%
89	CONSOLIDATED EDISON INC COM ED	ED	9,784	$884.6k0.10%	0.10%	Unchanged
90	CHEVRON CORP NEW COM CVX	CVX	5,611	$882.9k0.10%	0.10%	Unchanged
91	BANK NEW YORK MELLON CORP COM BNY	BNY	18,718	$833.3k0.09%	0.09%	Unchanged
92	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,029	$826.5k0.09%	0.09%	Unchanged
93	PFIZER INC COM PFE	PFE	21,681	$795.3k0.09%	0.09%	Reduced -308	-308 -1.4%
94	CSX CORP COM CSX	CSX	22,869	$779.8k0.09%	0.09%	Unchanged
95	NORFOLK SOUTHN CORP COM NSC	NSC	3,419	$775.3k0.09%	0.09%	Unchanged
96	VENTAS INC COM VTR	VTR	16,248	$768.0k0.09%	0.09%	Unchanged
97	ISHARES TR CORE S&P MCP ETF IJH	IJH	2,690	$703.4k0.08%	0.08%	Unchanged
98	PROCTER AND GAMBLE CO COM PG	PG	4,225	$641.1k0.07%	0.07%	Unchanged
99	ELI LILLY & CO COM LLY	LLY	1,328	$622.9k0.07%	0.07%	Unchanged
100	WALMART INC COM WMT	WMT	3,946	$620.3k0.07%	0.07%	Added +1	+1 0.0%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
JACOBS SOLUTIONS INC J	J	29,590	$3.5m29.6k shares
SPLUNK INC SPLK	SPLK	34,662	$3.3m34.7k shares