Westchester Capital Management, Inc.

CIK

1390063

Location

Omaha, NE

Portfolio Value

Small $472,940,893

Diversification

Diversified

Filing Date

Global Rank

#2,685 / 8,603 ▲ 75 · as of Mar 2026

Top Industry

Banks - Diversified 9.8%

3Y Alpha vs SPY

+0.7%

Period ended 3 months ago

Filed May 6, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+78.5%

SPY

+76.0%

Annualised alpha

+0.6%

Max drawdown

−15.6%

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

37 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.8%

−0.4 pts

Top 5

35.9%

−1.4 pts

Top 10

60.8%

−2.0 pts

HHI

500

Diversified−12

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	25.1%	$118,491,403	7
Industrials	17.8%	$83,973,628	4
Financial Services	15.7%	$74,122,161	5
Healthcare	13.4%	$63,333,574	6
Consumer Cyclical	8.2%	$38,658,334	4
Communication Services	8.1%	$38,531,489	5
Consumer Defensive	7.3%	$34,454,286	4
Energy	4.5%	$21,376,018	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
BNY	Bank of New York Mellon Corp	+12,072	184,721	$21,913,452
MCHP	Microchip Technology Inc	+2,709	201,060	$12,990,486
MDT	Medtronic plc	+1,865	101,322	$8,779,551
ABBV	AbbVie Inc.	+1,372	103,643	$22,541,316
PEP	Pepsico Inc	+1,260	14,572	$2,262,885
MSFT	Microsoft Corp	+1,086	73,677	$27,273,015
JPM	Jpmorgan Chase & Co	+1,021	83,413	$24,536,768
CRM	Salesforce, Inc.	+943	46,204	$8,624,900
AMZN	Amazon Com Inc	+895	42,390	$8,828,565
META	Meta Platforms, Inc.	+700	735	$420,515
HD	Home Depot, Inc.	+525	39,087	$12,855,323
BRK-B	Berkshire Hathaway Inc	+394	57,299	$27,457,680
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
WMT	Walmart Inc.	−1,511	251,380	$31,241,506
GOOGL	Alphabet Inc.	−1,141	103,578	$29,784,889
INTC	Intel Corp	−575	189,530	$8,363,958
T	At&T Inc.	−445	121,848	$3,532,373
PFE	Pfizer Inc	−255	281,628	$7,908,114
CAT	Caterpillar Inc	−240	58,862	$41,701,372
CSCO	Cisco Systems, Inc.	−225	251,486	$19,512,798
VLO	Valero Energy Corp/Tx	−185	85,673	$21,168,084
CAG	Conagra Brands Inc.	−175	53,416	$839,699
JNJ	Johnson & Johnson	−130	60,653	$14,826,019
AAPL	Apple Inc.	−111	156,692	$39,766,862
WM	Waste Management Inc	−100	90,325	$20,755,781
LMT	Lockheed Martin Corp	−88	32,191	$19,455,918
BDX	Becton Dickinson & Co	−65	47,300	$7,436,979
MCD	Mcdonalds Corp	−54	51,608	$16,039,250
LOW	Lowes Companies Inc	−35	3,958	$935,196
DIS	Walt Disney Co	−5	46,138	$4,446,780
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
WAT	Waters Corp /De/	6,184	$1,841,595
BAC	Bank Of America Corp /De/	300	$14,625
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

37 positions · $472,940,893 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CAT	Caterpillar Inc Industrials	Reduced	58,862	-240	$41,701,372	+23.2%	8.82%
AAPL	Apple Inc. Technology	Reduced	156,692	-111	$39,766,862	−6.7%	8.41%
WMT	Walmart Inc. Consumer Defensive	Reduced	251,380	-1,511	$31,241,506	+10.9%	6.61%
GOOGL	Alphabet Inc. Communication Services	Reduced	103,578	-1,141	$29,784,889	−9.1%	6.30%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	57,299	+394	$27,457,680	−4.0%	5.81%
MSFT	Microsoft Corp Technology	Added	73,677	+1,086	$27,273,015	−22.3%	5.77%
JPM	Jpmorgan Chase & Co Financial Services	Added	83,413	+1,021	$24,536,768	−7.6%	5.19%
ABBV	AbbVie Inc. Healthcare	Added	103,643	+1,372	$22,541,316	−3.5%	4.77%
BNY	Bank of New York Mellon Corp Financial Services	Added	184,721	+12,072	$21,913,452	+9.3%	4.63%
VLO	Valero Energy Corp/Tx Energy	Reduced	85,673	-185	$21,168,084	+51.5%	4.48%
WM	Waste Management Inc Industrials	Reduced	90,325	-100	$20,755,781	+4.5%	4.39%
CSCO	Cisco Systems, Inc. Technology	Reduced	251,486	-225	$19,512,798	+0.6%	4.13%
LMT	Lockheed Martin Corp Industrials	Reduced	32,191	-88	$19,455,918	+24.6%	4.11%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	51,608	-54	$16,039,250	+1.6%	3.39%
JNJ	Johnson & Johnson Healthcare	Reduced	60,653	-130	$14,826,019	+17.9%	3.13%
MCHP	Microchip Technology Inc Technology	Added	201,060	+2,709	$12,990,486	+2.8%	2.75%
HD	Home Depot, Inc. Consumer Cyclical	Added	39,087	+525	$12,855,323	−3.1%	2.72%
AMZN	Amazon Com Inc Consumer Cyclical	Added	42,390	+895	$8,828,565	−7.8%	1.87%
MDT	Medtronic plc Healthcare	Added	101,322	+1,865	$8,779,551	−8.1%	1.86%
CRM	Salesforce, Inc. Technology	Added	46,204	+943	$8,624,900	−28.1%	1.82%
INTC	Intel Corp Technology	Reduced	189,530	-575	$8,363,958	+19.2%	1.77%
PFE	Pfizer Inc Healthcare	Reduced	281,628	-255	$7,908,114	+12.7%	1.67%
BDX	Becton Dickinson & Co Healthcare	Reduced	47,300	-65	$7,436,979	+2.9%	1.57%
DIS	Walt Disney Co Communication Services	Reduced	46,138	-5	$4,446,780	−15.3%	0.94%
T	At&T Inc. Communication Services	Reduced	121,848	-445	$3,532,373	+16.3%	0.75%
PEP	Pepsico Inc Consumer Defensive	Added	14,572	+1,260	$2,262,885	+18.4%	0.48%
BA	Boeing Co Industrials	Held	10,353	0	$2,060,557	−8.3%	0.44%
NVDA	Nvidia Corp Technology	Held	11,235	0	$1,959,384	−6.5%	0.41%
WAT	Waters Corp /De/ Healthcare	NEW	6,184	NEW	$1,841,595	NEW	0.39%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	3,958	-35	$935,196	−2.9%	0.20%
CAG	Conagra Brands Inc. Consumer Defensive	Reduced	53,416	-175	$839,699	−9.5%	0.18%
META	Meta Platforms, Inc. Communication Services	Added	735	+700	$420,515	+1720.2%	0.09%
VZ	Verizon Communications Inc Communication Services	Held	6,911	0	$346,932	+23.3%	0.07%
CVX	Chevron Corp Energy	Held	1,005	0	$207,934	+35.8%	0.04%
AXP	American Express Co Financial Services	Held	660	0	$199,636	−18.2%	0.04%
KO	Coca Cola Co Consumer Defensive	Held	1,449	0	$110,196	+8.8%	0.02%
BAC	Bank Of America Corp /De/ Financial Services	NEW	300	NEW	$14,625	NEW	0.00%