HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
CIK
1164833
Location
Los Angeles, CA
Portfolio Value
Large
$31,780,137,589
Diversification
Diversified
Filing Date
Global Rank
#196
/ 7,976
▲ 2
Top Industry
Banks - Regional
7.0%
3Y Alpha vs SPY
-2.5%
Period ended 9 months ago
Filed Nov 14, 2025 · 7mo
23 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+65.4%
SPY
+76.3%
Annualised alpha
-2.5%
Max drawdown
−18.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
448 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Top Position
4.9%
−0.2 pts
Top 5
17.2%
+0.7 pts
Top 10
27.8%
+0.1 pts
HHI
155
Diversified+5
Portfolio Trend
23 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 19.2% | $6,108,080,718 |
| Technology | 18.1% | $5,742,283,212 |
| Healthcare | 13.8% | $4,376,004,925 |
| Energy | 11.7% | $3,714,262,834 |
| Industrials | 11.1% | $3,534,095,769 |
| Consumer Cyclical | 7.7% | $2,443,651,596 |
| Communication Services | 7.3% | $2,304,090,675 |
| Utilities | 3.6% | $1,148,569,626 |
| Consumer Defensive | 3.0% | $956,000,524 |
| Basic Materials | 2.9% | $916,275,049 |
| Unclassified | 1.0% | $319,134,961 |
| Real Estate | 0.7% | $217,687,700 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CNH | CNH Industrial N.V. | +3,841,999 | 26,070,783 | $282,867,995 | |
| FTV | Fortive Corp | +2,502,300 | 3,719,200 | $182,203,608 | |
| WDAY | Workday, Inc. | +1,882,391 | 5,842,491 | $1,406,462,858 | |
| AIG | American International Group, Inc. | +1,846,979 | 10,256,290 | $805,529,016 | |
| USB | US Bancorp De | +1,631,550 | 11,598,572 | $560,558,984 | |
| NCMI | National CineMedia, Inc. | +1,568,376 | 6,151,313 | $27,742,421 | |
| CTSH | Cognizant Technology Solutions Corp | +1,554,648 | 2,631,890 | $176,520,862 | |
| SLM | SLM Corp | +1,287,050 | 3,608,526 | $99,883,999 | |
| GEHC | GE HealthCare Technologies Inc. | +1,232,828 | 8,432,374 | $633,271,287 | |
| SLB | Slb Limited/Nv | +1,221,000 | 11,990,652 | $412,118,709 | |
| STGW | Stagwell Inc | +920,431 | 21,034,577 | $118,424,668 | |
| UNH | Unitedhealth Group Inc | +718,525 | 1,412,895 | $487,872,643 | |
| DOUG | Douglas Elliman Inc. | +662,603 | 2,474,443 | $7,076,906 | |
| OLN | OLIN Corp | +661,730 | 12,690,488 | $317,135,295 | |
| CNC | Centene Corp | +644,088 | 3,307,963 | $118,028,119 | |
| CMTG | Claros Mortgage Trust, Inc. | +632,105 | 1,805,395 | $5,993,911 | |
| ELV | Elevance Health, Inc. | +627,038 | 2,045,480 | $660,935,497 | |
| PPG | Ppg Industries Inc | +535,095 | 3,946,145 | $414,779,300 | |
| BBT | Beacon Financial Corp | +532,952 | 907,952 | $21,527,541 | |
| HTLD | Heartland Express Inc | +485,658 | 1,153,238 | $9,664,134 | |
| CMCO | Columbus Mckinnon Corp | +415,275 | 829,875 | $11,900,407 | |
| STZ | Constellation Brands, Inc. | +351,241 | 1,664,151 | $224,111,215 | |
| ACDC | ProFrac Holding Corp. | +322,860 | 1,484,760 | $5,493,612 | |
| COLB | Columbia Banking System, Inc. | +316,665 | 715,337 | $18,412,774 | |
| BUD | Anheuser-Busch InBev SA/NV | +281,400 | 1,511,840 | $90,120,782 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| C | Citigroup Inc | −2,794,500 | 8,052,198 | $817,298,097 | |
| CVS | CVS HEALTH Corp | −2,662,997 | 2,880,247 | $217,141,821 | |
| ECVT | Ecovyst Inc. | −2,366,643 | 8,852,152 | $77,544,851 | |
| WFC | Wells Fargo & Company/Mn | −2,213,026 | 6,828,303 | $572,348,357 | |
| PPL | PPL Corp | −1,952,431 | 7,914,114 | $294,088,476 | |
| GM | General Motors Co | −1,795,604 | 10,977,062 | $669,271,470 | |
| MGA | Magna International Inc | −1,612,861 | 10,828,985 | $513,077,309 | |
| D | Dominion Energy, Inc | −1,499,316 | 10,226,550 | $625,558,063 | |
| WBD | Warner Bros. Discovery, Inc. | −1,327,200 | 18,344,401 | $358,266,151 | |
| BKR | Baker Hughes Co | −1,276,926 | 7,367,943 | $358,966,182 | |
| SIGA | Siga Technologies Inc | −1,240,173 | 827,587 | $7,572,421 | |
| CFG | Citizens Financial Group Inc/Ri | −1,116,780 | 7,406,935 | $393,752,664 | |
| FIS | Fidelity National Information Services, Inc. | −917,204 | 3,227,588 | $212,827,152 | |
| APTV | Aptiv PLC | −880,132 | 3,622,300 | $312,314,706 | |
| RGP | Resources Connection, Inc. | −845,883 | 787,448 | $3,976,612 | |
| CRBG | Corebridge Financial, Inc. | −833,090 | 6,862,767 | $219,951,682 | |
| HIG | Hartford Insurance Group, Inc. | −735,257 | 1,388,662 | $185,233,624 | |
| BTE | Baytex Energy Corp. | −733,178 | 12,566,332 | $29,405,216 | |
| ESRT | Empire State Realty Trust, Inc. | −711,750 | 726,680 | $5,566,368 | |
| ADNT | Adient plc | −684,880 | 2,566,680 | $61,805,654 | |
| ERIC | Ericsson Lm Telephone Co | −651,156 | 96,378,011 | $797,046,150 | |
| XPRO | Expro Group Holdings N.V. | −619,591 | 1,818,586 | $21,604,801 | |
| BRSL | Brightstar Lottery PLC | −601,404 | 806,104 | $13,905,294 | |
| SNY | Sanofi | −576,398 | 1,601,307 | $75,581,690 | |
| WNC | WABASH NATIONAL Corp | −562,767 | 636,702 | $6,284,248 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CRM | Salesforce, Inc. | 2,045,787 | $484,851,519 | |
| FISV | Fiserv Inc | 1,966,790 | $253,578,234 | |
| WK | Workiva Inc | 1,025,660 | $88,288,812 | |
| QQQ | Invesco Qqq Trust, Series 1 | 98,000 | $58,836,260 | |
| SJM | J M SMUCKER Co | 513,220 | $55,735,692 | |
| UPS | United Parcel Service Inc | 565,000 | $47,194,450 | |
| REYN | Reynolds Consumer Products Inc. | 554,049 | $13,557,579 | |
| NJR | New Jersey Resources Corp | 277,281 | $13,351,080 | |
| KALU | Kaiser Aluminum Corp | 169,920 | $13,111,027 | |
| FLS | Flowserve Corp | 236,754 | $12,581,107 | |
| FUL | Fuller H B Co | 210,757 | $12,493,674 | |
| FBIN | Fortune Brands Innovations, Inc. | 227,427 | $12,142,327 | |
| SM | SM Energy Co | 486,180 | $12,139,914 | |
| RHI | Robert Half Inc. | 350,080 | $11,895,718 | |
| AXTA | Axalta Coating Systems Ltd. | 414,427 | $11,860,900 | |
| LNTH | Lantheus Holdings, Inc. | 223,096 | $11,442,593 | |
| DEI | Douglas Emmett Inc | 732,118 | $11,399,077 | |
| ACIW | Aci Worldwide, Inc. | 197,243 | $10,408,513 | |
| HALO | Halozyme Therapeutics, Inc. | 134,630 | $9,873,764 | |
| QCRH | Qcr Holdings Inc | 129,886 | $9,824,577 | |
| WGO | Winnebago Industries Inc | 292,603 | $9,784,644 | |
| VOYA | Voya Financial, Inc. | 126,589 | $9,468,857 | |
| UFPI | Ufp Industries Inc | 93,954 | $8,783,759 | |
| XRN | Chiron Real Estate Inc. | 231,320 | $7,797,797 | |
| DLR | Digital Realty Trust, Inc. | 45,000 | $7,779,600 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| COF | Capital One Financial Corp | 1,055,814 | $224,634,986 | |
| GLW | Corning Inc /Ny | 662,952 | $34,864,645 | |
| GIS | General Mills Inc | 521,875 | $27,038,343 | |
| RAL | Ralliant Corp | 405,627 | $19,668,853 | |
| SSTK | Shutterstock, Inc. | 686,500 | $13,016,040 | |
| WSBC | Wesbanco Inc | 409,818 | $12,962,543 | |
| TXNM | Txnm Energy Inc | 225,358 | $12,692,162 | |
| SWX | Southwest Gas Holdings, Inc. | 164,970 | $12,272,118 | |
| WOR | Worthington Enterprises, Inc. | 183,030 | $11,648,029 | |
| IPGP | Ipg Photonics Corp | 165,365 | $11,352,307 | |
| FOXF | Fox Factory Holding Corp | 405,360 | $10,515,038 | |
| LNN | Lindsay Corp | 72,670 | $10,482,647 | |
| WU | Western Union CO | 1,206,242 | $10,156,557 | |
| SLGN | Silgan Holdings Inc | 184,252 | $9,982,773 | |
| ANDE | Andersons, Inc. | 232,720 | $8,552,460 | |
| AAP | Advance Auto Parts Inc | 175,280 | $8,148,767 | |
| EVR | Evercore Inc. | 29,970 | $8,092,499 | |
| KNF | Knife River Corp | 98,840 | $8,069,297 | |
| ITRI | Itron, Inc. | 59,595 | $7,844,489 | |
| OSIS | Osi Systems Inc | 34,700 | $7,802,642 | |
| GTM | ZoomInfo Technologies Inc. | 744,550 | $7,534,846 | |
| JOUT | Johnson Outdoors Inc | 237,280 | $7,182,465 | |
| IIIN | Insteel Industries Inc | 188,320 | $7,007,387 | |
| JELD | JELD-WEN Holding, Inc. | 1,770,830 | $6,941,653 | |
| ALX | Alexanders Inc | 29,450 | $6,635,674 | |
| No positions match the current search. | ||||
448 positions ·
$31,780,137,589 total
· as of Sep 30, 2025
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 448 positions by value
· page 1 of 9
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SRI |
Stoneridge Inc
Consumer Cyclical
|
Held | 14,500 | $110,490 | 0.00% | |
| STRR |
Star Equity Holdings, Inc.
Industrials
|
Reduced | 11,920 | $132,550 | 0.00% | |
| SAN |
Banco Santander, S.A.
Financial Services
|
Reduced | 14,750 | $154,580 | 0.00% | |
| PSKY |
Paramount Skydance Corp
Communication Services
|
NEW | 15,956 | $301,887 | 0.00% | |
| MS |
Morgan Stanley
Financial Services
|
Held | 3,100 | $492,776 | 0.00% | |
| CCL |
Carnival Corp Ltd.
Consumer Cyclical
|
Held | 21,200 | $612,892 | 0.00% | |
| PETS |
Petmed Express Inc
Healthcare
|
Reduced | 788,103 | $1,978,138 | 0.01% | |
| CPRI |
Capri Holdings Ltd
Consumer Cyclical
|
Held | 108,700 | $2,165,304 | 0.01% | |
| KEY |
Keycorp /New/
Financial Services
|
Reduced | 128,938 | $2,409,851 | 0.01% | |
| AGCO |
Agco Corp /De
Industrials
|
Reduced | 22,908 | $2,452,759 | 0.01% | |
| MRTN |
Marten Transport Ltd
Industrials
|
Added | 242,102 | $2,580,807 | 0.01% | |
| FSBC |
Five Star Bancorp
Financial Services
|
Added | 84,110 | $2,708,342 | 0.01% | |
| NTRS |
Northern Trust Corp
Financial Services
|
Reduced | 20,200 | $2,718,920 | 0.01% | |
| ASIX |
AdvanSix Inc.
Basic Materials
|
Reduced | 143,426 | $2,779,595 | 0.01% | |
| CASS |
Cass Information Systems Inc
Industrials
|
Reduced | 70,842 | $2,786,215 | 0.01% | |
| KMT |
Kennametal Inc
Industrials
|
Reduced | 134,664 | $2,818,517 | 0.01% | |
| NRG |
Nrg Energy, Inc.
Utilities
|
Held | 17,600 | $2,850,320 | 0.01% | |
| SMBC |
Southern Missouri Bancorp, Inc.
Financial Services
|
Reduced | 55,771 | $2,931,323 | 0.01% | |
| MCHB |
Mechanics Bancorp
Financial Services
|
Reduced | 222,657 | $2,963,564 | 0.01% | |
| EEX |
Emerald Holding, Inc.
Communication Services
|
Reduced | 586,376 | $2,984,653 | 0.01% | |
| CNXN |
Pc Connection Inc
Technology
|
Reduced | 48,254 | $2,991,265 | 0.01% | |
| CCS |
Century Communities, Inc.
Real Estate
|
Reduced | 47,336 | $2,999,682 | 0.01% | |
| EBF |
Ennis, Inc.
Industrials
|
Reduced | 164,313 | $3,003,641 | 0.01% | |
| MYFW |
First Western Financial Inc
Financial Services
|
NEW | 130,798 | $3,012,277 | 0.01% | |
| ARTNA |
Artesian Resources Corp
Utilities
|
NEW | 93,520 | $3,048,752 | 0.01% | |
| CBT |
Cabot Corp
Basic Materials
|
Reduced | 40,450 | $3,076,222 | 0.01% | |
| CCNE |
Cnb Financial Corp/Pa
Financial Services
|
Reduced | 128,155 | $3,101,351 | 0.01% | |
| FC |
Franklin Covey Co
Consumer Defensive
|
Added | 159,943 | $3,104,493 | 0.01% | |
| CIVB |
Civista Bancshares, Inc.
Financial Services
|
Reduced | 153,728 | $3,122,215 | 0.01% | |
| MPB |
Mid Penn Bancorp Inc
Financial Services
|
Reduced | 109,587 | $3,138,571 | 0.01% | |
| CBAN |
Colony Bankcorp Inc
Financial Services
|
NEW | 185,081 | $3,148,227 | 0.01% | |
| INBK |
First Internet Bancorp
Financial Services
|
Reduced | 140,936 | $3,161,194 | 0.01% | |
| ASO |
Academy Sports & Outdoors, Inc.
Consumer Cyclical
|
NEW | 63,375 | $3,170,017 | 0.01% | |
| FMNB |
Farmers National Banc Corp /Oh/
Financial Services
|
Added | 220,076 | $3,171,295 | 0.01% | |
| AROW |
Arrow Financial Corp
Financial Services
|
Reduced | 112,689 | $3,189,098 | 0.01% | |
| KBH |
Kb Home
Consumer Cyclical
|
Reduced | 50,165 | $3,192,500 | 0.01% | |
| BSRR |
Sierra Bancorp
Financial Services
|
Reduced | 111,409 | $3,220,834 | 0.01% | |
| FNB |
Fnb Corp/Pa/
Financial Services
|
NEW | 201,380 | $3,244,231 | 0.01% | |
| CBNK |
Capital Bancorp Inc
Financial Services
|
Reduced | 103,224 | $3,292,845 | 0.01% | |
| BSVN |
Bank7 Corp.
Financial Services
|
NEW | 71,587 | $3,312,330 | 0.01% | |
| AZZ |
Azz Inc
Industrials
|
Reduced | 30,450 | $3,323,008 | 0.01% | |
| AVD |
American Vanguard Corp
Basic Materials
|
Reduced | 579,606 | $3,326,938 | 0.01% | |
| TDW |
Tidewater Inc
Energy
|
NEW | 64,030 | $3,414,719 | 0.01% | |
| SNCY |
Sun Country Airlines Holdings, LLC
Industrials
|
Reduced | 289,249 | $3,416,030 | 0.01% | |
| NPK |
National Presto Industries Inc
Industrials
|
Reduced | 30,530 | $3,423,939 | 0.01% | |
| GRBK |
Green Brick Partners, Inc.
Consumer Cyclical
|
Reduced | 46,838 | $3,459,454 | 0.01% | |
| NXT |
Nextpower Inc.
Technology
|
Reduced | 46,774 | $3,460,808 | 0.01% | |
| BCML |
BayCom Corp
Financial Services
|
Reduced | 120,823 | $3,473,661 | 0.01% | |
| INSW |
International Seaways, Inc.
Energy
|
Reduced | 75,639 | $3,485,445 | 0.01% | |
| RBB |
RBB Bancorp
Financial Services
|
Reduced | 186,133 | $3,491,855 | 0.01% |