Gallagher Fiduciary Advisors, LLC

CIK

1527781

Location

ROLLING MEADOWS, IL

Portfolio Value

Mid $2,477,826,819

Diversification

Highly concentrated

Reports for

Arthur J. Gallagher & Co. Gallagher Benefit Services, Inc.

Filing Date

Global Rank

#1,176 / 8,651 ▼ 13

Top Industry

Restaurants 47.2%

3Y Alpha vs SPY

-17.3%

Period ended 59 days ago

Filed Aug 14, 2026 · 14d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+5.9%

SPY

+74.2%

Annualised alpha

-18.4%

Max drawdown

−18.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

208 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

46.4%

−14.8 pts

Top 5

93.0%

−1.5 pts

Top 10

95.0%

−0.4 pts

HHI

3,056

Highly concentrated−1,071

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	46.8%	$1,159,140,714	19
Utilities	26.5%	$655,918,584	13
Industrials	14.4%	$356,339,314	27
Real Estate	5.1%	$126,146,691	16
Financial Services	2.8%	$69,996,880	38
Unclassified	1.6%	$39,898,572	8
Technology	1.2%	$29,805,115	27
Healthcare	0.4%	$10,543,841	19
Energy	0.3%	$8,166,550	13
Basic Materials	0.3%	$7,868,702	7
Communication Services	0.3%	$7,389,108	12
Consumer Defensive	0.3%	$6,612,748	9

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PCG	PG&E Corp	+20,118,924	38,625,717	$649,684,559
VZ	Verizon Communications Inc	+4,718	32,822	$1,389,683
PTEN	Patterson Uti Energy Inc	+2,835	37,693	$346,021
TGT	Target Corp	+2,589	6,012	$785,227
T	At&T Inc.	+2,458	36,061	$746,462
UGI	Ugi Corp /Pa/	+1,773	11,918	$411,647
AGGY	WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	+1,651	11,914	$518,020
FNF	Fidelity National Financial, Inc.	+1,510	9,072	$427,835
PFE	Pfizer Inc	+1,235	30,148	$725,963
SON	Sonoco Products Co	+887	8,223	$463,366
HAL	Halliburton Co	+802	8,097	$274,893
STAG	STAG Industrial, Inc.	+723	11,017	$419,307
CMCSA	Comcast Corp	+700	12,757	$313,184
ADC	Agree Realty Corp	+653	5,608	$424,749
OMC	Omnicom Group Inc.	+645	5,236	$381,337
COLB	Columbia Banking System, Inc.	+599	13,414	$429,918
TFC	Truist Financial Corp	+544	8,090	$403,043
WFC	Wells Fargo & Company/Mn	+493	7,059	$583,355
SJM	J M SMUCKER Co	+414	3,994	$449,325
GE	General Electric Co	+405	2,890	$1,080,079
NXST	Nexstar Media Group, Inc.	+404	2,255	$402,720
MTN	Vail Resorts Inc	+348	2,929	$398,783
CUZ	Cousins Properties Inc	+342	14,242	$426,975
ARCC	Ares Capital Corp	+331	12,998	$240,852
BAC	Bank Of America Corp /De/	+327	13,317	$758,802
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	−15,554,239	27,774	$20,740,789
VEA	Vanguard FTSE Developed Markets ETF	−11,938,021	198,842	$14,167,492
DAL	Delta Air Lines, Inc.	−201,696	3,637,451	$340,683,659
MCD	Mcdonalds Corp	−73,335	4,252,478	$1,149,487,327
BEN	Franklin Resources Inc	−28,399	1,379,739	$45,903,915
CLF	Cleveland-Cliffs Inc.	−21,763	585,516	$5,497,994
BDN	Brandywine Realty Trust	−4,285	116,790	$370,224
GT	Goodyear Tire & Rubber Co /Oh/	−3,697	24,730	$163,218
CBRE	Cbre Group, Inc.	−3,622	880,234	$118,558,716
BAI	iShares A.I. Innovation and Tech Active ETF	−3,616	11,055	$582,819
GTN	Gray Media, Inc	−2,979	66,399	$263,604
KOS	Kosmos Energy Ltd.	−2,688	147,715	$311,678
MQ	Marqeta, Inc.	−1,800	53,546	$217,396
BSX	Boston Scientific Corp	−1,619	6,710	$286,382
CMTG	Claros Mortgage Trust, Inc.	−1,430	33,506	$78,739
CIM	Chimera Investment Corp	−1,353	39,949	$532,919
HL	Hecla Mining Co/De/	−1,297	19,971	$308,152
IRT	Independence Realty Trust, Inc.	−1,194	47,801	$797,798
HON	Honeywell International Inc	−1,133	1,113	$249,200
SBRA	Sabra Health Care REIT, Inc.	−1,044	30,415	$593,396
VLY	Valley National Bancorp	−1,008	60,084	$880,230
ECHO	EchoStar CORP	−1,007	3,590	$364,385
INVH	Invitation Homes Inc.	−944	11,038	$333,457
CDE	Coeur Mining, Inc.	−908	14,626	$238,696
AMRC	Ameresco, Inc.	−861	12,912	$356,371
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
AIRR	First Trust RBA American Industrial Renaissance ETF	21,695	$2,890,858
HUT	Hut 8 Corp.	4,158	$480,020
LRCX	Lam Research Corp	915	$396,496
CRWD	CrowdStrike Holdings, Inc.	472	$360,202
ACN	Accenture plc	2,192	$272,772
GEV	GE Vernova Inc.	232	$272,567
HONA	Honeywell Aerospace Inc.	1,113	$246,062
APLD	Applied Digital Corp.	6,533	$243,680
VAC	MARRIOTT VACATIONS WORLDWIDE Corp	2,224	$226,581
LLY	ELI LILLY & Co	180	$215,897
COHR	Coherent Corp.	528	$208,280
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
AES	Aes Corp	27,476	$387,136
NFLX	Netflix Inc	2,695	$259,124
DHR	Danaher Corp /De/	1,294	$245,342
BABA	Alibaba Group Holding Ltd	1,634	$205,001
PTON	Peloton Interactive, Inc.	11,891	$51,012
—		80,103	$0
—		13,691	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

208 tracked positions · $2,477,826,819 total · filing declares 362 positions · $3,038,740,838 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 208 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	4,252,478	-73,335	$1,149,487,327	−14.5%	46.39%
PCG	PG&E Corp Utilities	Added	38,625,717	+20,118,924	$649,684,559	+99.8%	26.22%
DAL	Delta Air Lines, Inc. Industrials	Reduced	3,637,451	-201,696	$340,683,659	+33.5%	13.75%
CBRE	Cbre Group, Inc. Real Estate	Reduced	880,234	-3,622	$118,558,716	−1.0%	4.78%
BEN	Franklin Resources Inc Financial Services	Reduced	1,379,739	-28,399	$45,903,915	+38.0%	1.85%
SPY	Spdr S&P 500 ETF Trust	Reduced	27,774	-15,554,239	$20,740,789	+5658.4%	0.84%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	198,842	-11,938,021	$14,167,492	+1896.4%	0.57%
CLF	Cleveland-Cliffs Inc. Basic Materials	Reduced	585,516	-21,763	$5,497,994	+7.1%	0.22%
AAPL	Apple Inc. Technology	Reduced	17,403	-105	$5,035,732	+13.3%	0.20%
NVDA	Nvidia Corp Technology	Reduced	19,303	-42	$3,862,337	+14.5%	0.16%
MU	Micron Technology Inc Technology	Reduced	3,290	-5	$3,797,614	+241.1%	0.15%
AIRR	First Trust RBA American Industrial Renaissance ETF	NEW	21,695	NEW	$2,890,858	NEW	0.12%
XOM	ExxonMobil Holdings Corp Energy	Reduced	19,767	-723	$2,702,544	−22.3%	0.11%
MMM	3M Co Industrials	Reduced	16,578	-98	$2,684,143	+10.8%	0.11%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	6,712	-10	$2,197,038	+11.1%	0.09%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	4,216	-64	$2,109,644	+2.9%	0.09%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	8,776	-450	$2,091,671	+8.9%	0.08%
MSFT	Microsoft Corp Technology	Added	5,170	+138	$1,928,513	+3.5%	0.08%
GOOGL	Alphabet Inc. Communication Services	Reduced	4,530	-7	$1,612,615	+23.7%	0.07%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	3,813	-265	$1,603,747	+5.8%	0.06%
SANM	Sanmina Corp Technology	Reduced	6,268	-142	$1,586,305	+90.9%	0.06%
JNJ	Johnson & Johnson Healthcare	Reduced	5,865	-60	$1,489,534	+2.8%	0.06%
NPO	Enpro Inc. Industrials	Reduced	3,858	-48	$1,454,195	+48.5%	0.06%
XEL	Xcel Energy Inc Utilities	Held	17,952	0	$1,441,545	+1.1%	0.06%
VZ	Verizon Communications Inc Communication Services	Added	32,822	+4,718	$1,389,683	−1.5%	0.06%
ABBV	AbbVie Inc. Healthcare	Reduced	5,508	-52	$1,386,033	+14.6%	0.06%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	9,050	+254	$1,327,092	+4.5%	0.05%
CVX	Chevron Corp Energy	Reduced	7,858	-128	$1,302,542	−21.2%	0.05%
INTC	Intel Corp Technology	Reduced	9,191	-67	$1,283,339	+214.1%	0.05%
CSCO	Cisco Systems, Inc. Technology	Added	10,728	+72	$1,260,110	+52.4%	0.05%
UCTT	Ultra Clean Holdings, Inc. Technology	Reduced	8,779	-142	$1,251,797	+125.7%	0.05%
VSH	Vishay Intertechnology Inc Technology	Reduced	23,153	-615	$1,245,168	+191.0%	0.05%
KO	Coca Cola Co Consumer Defensive	Reduced	15,091	-289	$1,226,445	+4.9%	0.05%
IBM	International Business Machines Corp Technology	Reduced	4,329	-116	$1,217,358	+13.0%	0.05%
WMT	Walmart Inc. Consumer Defensive	Reduced	10,099	-69	$1,143,812	−9.5%	0.05%
MRVL	Marvell Technology, Inc. Technology	Reduced	3,722	-151	$1,108,746	+189.0%	0.04%
KRG	Kite Realty Group Trust Real Estate	Reduced	38,910	-642	$1,104,265	+13.7%	0.04%
GE	General Electric Co Industrials	Added	2,890	+405	$1,080,079	+53.2%	0.04%
AMD	Advanced Micro Devices Inc Technology	Reduced	1,845	-91	$1,071,778	+172.1%	0.04%
UMBF	Umb Financial Corp Financial Services	Reduced	7,310	-123	$1,043,575	+24.5%	0.04%
AROW	Arrow Financial Corp Financial Services	Reduced	25,106	-589	$1,029,094	+19.3%	0.04%
TRS	Trimas Corp Consumer Cyclical	Reduced	21,551	-354	$970,441	+23.3%	0.04%
CMC	COMMERCIAL METALS Co Industrials	Reduced	15,417	-389	$967,416	−0.4%	0.04%
CYTK	Cytokinetics Inc Healthcare	Reduced	11,322	-255	$964,521	+26.4%	0.04%
PRK	Park National Corp /Oh/ Financial Services	Reduced	5,065	-66	$926,844	+10.5%	0.04%
UNF	Unifirst Corp Industrials	Reduced	3,355	-31	$887,263	+4.2%	0.04%
WELL	Welltower Inc. Real Estate	Reduced	3,881	-100	$880,870	+11.9%	0.04%
VLY	Valley National Bancorp Financial Services	Reduced	60,084	-1,008	$880,230	+17.3%	0.04%
TTMI	Ttm Technologies Inc Technology	Reduced	4,608	-119	$861,788	+87.1%	0.03%
META	Meta Platforms, Inc. Communication Services	Reduced	1,441	-75	$811,700	−6.4%	0.03%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.