PAYDEN & RYGEL

Registered adviser

CIK

919219

Location

LOS ANGELES, CA

Portfolio Value

Mid $1,268,038,015

Diversification

Diversified

Filing Date

Global Rank

#2,139 / 8,827 ▼ 163 · as of Jun 2026

Top Industry

Drug Manufacturers - General 9.1%

3Y Alpha vs SPY

-20.3%

Period ended 38 days ago

Filed Oct 28, 2026 · 10d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 107160

Roster of Nov 1, 2026

Regulatory AUM

$158,227,256,697

Main clients

Diversified

Private funds

3 funds · Liquidity funds

Focus by fund count, roster of Nov 1, 2026

$683,641,237 gross assets

Registered funds advised

20 series (0 index, 0 ETFs)

$9,220,660,221 net assets· N-CEN Oct 31, 2025

LEI

L2GZWMSRUEFTFNIS0711

Private funds on Schedule D 7.B.(1)

As filed Mar 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$422,918,644 gross assets in 3 funds Liquidity funds $305,404,158 (2) Securitized asset funds $117,514,486 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$158,227,256,697	Diversified
Apr 2025 to Mar 2026	$150,947,495,804	Diversified
Apr 2024 to Mar 2025	$142,283,304,330	Diversified
May 2023 to Mar 2024	$126,894,613,939	Diversified
Apr 2023	$126,894,613,939	Diversified
Apr 2022 to Mar 2023	$144,706,026,342	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 29.5%, 56.4 effective positions, active share 64.5% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

62.7% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 15.4 quarters (12+), a floor since 43.4% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 64.5%; sector active share 16.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

129 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

5.5%

+1.8 pts

Top 5

23.3%

+7.2 pts

Top 10

36.2%

+6.7 pts

HHI

224

Diversified+47

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	22.6%	$286,178,346	21
Industrials	13.0%	$164,741,621	23
Financial Services	12.8%	$162,842,454	17
Healthcare	12.3%	$156,452,717	11
Unclassified	12.0%	$152,035,507	13
Energy	6.7%	$84,986,820	12
Communication Services	4.9%	$62,177,781	6
Consumer Cyclical	4.6%	$58,741,799	6
Real Estate	3.3%	$41,493,005	5
Consumer Defensive	3.1%	$38,708,055	7
Utilities	2.7%	$33,650,892	5
Basic Materials	2.1%	$26,029,018	3

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
EMLC	VanEck J.P. Morgan EM Local Currency Bond ETF	+769,249	2,316,707	$57,523,834
—		+53,300	314,300	$0
GLD	Spdr Gold Trust	+52,650	183,650	$69,941,266
CVS	CVS HEALTH Corp	+41,640	260,340	$22,308,534
MSFT	Microsoft Corp	+41,200	133,050	$68,241,345
AMZN	Amazon Com Inc	+34,200	198,180	$49,376,547
WMT	Walmart Inc.	+32,000	183,860	$19,106,731
LIN	Linde PLC	+16,700	17,020	$8,078,543
AAPL	Apple Inc.	+13,200	151,510	$50,455,860
CAT	Caterpillar Inc	+13,000	13,300	$10,783,507
JCI	Johnson Controls International plc	+8,800	102,100	$15,177,165
META	Meta Platforms, Inc.	+7,620	31,030	$22,502,335
PH	Parker-Hannifin Corp	+6,400	13,280	$12,687,977
NVDA	Nvidia Corp	+2,140	116,180	$26,533,188
NUE	Nucor Corp	+940	55,540	$12,982,475
GOOGL	Alphabet Inc.	+873	106,273	$36,566,413
MA	Mastercard Inc	+380	940	$518,381
TXN	Texas Instruments Inc	+150	50,250	$14,074,522
BLK	BlackRock, Inc.	+135	11,660	$12,339,661
GEV	GE Vernova Inc.	+130	410	$389,700
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PFE	Pfizer Inc	−311,200	380	$10,837
EXC	Exelon Corp	−282,200	5,110	$206,444
VZ	Verizon Communications Inc	−276,700	25,830	$1,184,822
CRH	Crh Public Ltd Co	−99,900	60,000	$4,968,000
D	Dominion Energy, Inc	−74,900	238,900	$14,458,228
IBM	International Business Machines Corp	−68,800	6,700	$1,473,531
PG	PROCTER & GAMBLE Co	−56,120	580	$84,262
CSCO	Cisco Systems, Inc.	−54,030	231,446	$24,910,532
FITB	Fifth Third Bancorp	−50,800	197,900	$10,009,782
PNC	Pnc Financial Services Group, Inc.	−48,800	1,440	$320,054
WM	Waste Management Inc	−39,640	1,200	$244,704
DUK	Duke Energy CORP	−33,970	159,140	$18,143,551
MCD	Mcdonalds Corp	−31,700	6,600	$1,524,204
DGX	Quest Diagnostics Inc	−30,400	62,340	$14,529,583
GLW	Corning Inc	−28,100	96,700	$14,868,592
CVX	Chevron Corp	−26,300	102,200	$20,870,262
PLD	Prologis, Inc.	−23,200	89,400	$11,607,696
AXP	American Express Co	−16,900	22,700	$6,903,070
CMI	Cummins Inc	−12,620	11,900	$6,147,183
ADI	Analog Devices Inc	−11,210	57,090	$22,648,173
QCOM	Qualcomm Inc	−9,020	5,400	$993,816
COST	Costco Wholesale Corp	−8,700	1,260	$1,147,028
HLT	Hilton Worldwide Holdings Inc.	−5,060	21,880	$6,960,465
VOO	VANGUARD 500 INDEX FUND	−1,944	23,688	$16,601,971
DIS	Walt Disney Co	−1,500	2,030	$212,947
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
ADP	Automatic Data Processing Inc	55,900	$14,425,554
CRM	Salesforce, Inc.	61,700	$14,164,469
DAL	Delta Air Lines, Inc.	153,360	$12,799,425
PWR	Quanta Services, Inc.	14,010	$9,001,565
TLH	iShares 10-20 Year Treasury Bond ETF	35,900	$3,308,903
AZUL	Azul SA	22,447	$177,331
LRCX	Lam Research Corp	480	$157,684
HWM	Howmet Aerospace Inc.	570	$128,922
CDNS	Cadence Design Systems Inc	200	$66,037
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
TJX	Tjx Companies Inc	135,700	$20,558,550
HON	Honeywell International Inc	36,300	$8,127,570
NLY	Annaly Capital Management Inc	361,100	$8,074,196
CBOE	Cboe Global Markets, Inc.	5,340	$1,295,857
TFC	Truist Financial Corp	12,800	$637,696
TMUS	T-Mobile US, Inc.	1,270	$213,017
ACM	Aecom	2,900	$202,420
IVW	iShares S&P 500 Growth ETF	590	$81,142
EOG	Eog Resources Inc	500	$64,865
ACN	Accenture plc	300	$37,332
VICI	Vici Properties Inc.	360	$9,558
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

129 tracked positions · $1,268,038,015 total · filing declares 129 positions · $1,277,412 · as of Sep 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 129 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GLD	Spdr Gold Trust	Added	183,650	+52,650	$69,941,266	+44.9%	5.52%
MSFT	Microsoft Corp Technology	Added	133,050	+41,200	$68,241,345	+99.2%	5.38%
EMLC	VanEck J.P. Morgan EM Local Currency Bond ETF	Added	2,316,707	+769,249	$57,523,834	+45.4%	4.54%
AAPL	Apple Inc. Technology	Added	151,510	+13,200	$50,455,860	+26.1%	3.98%
AMZN	Amazon Com Inc Consumer Cyclical	Added	198,180	+34,200	$49,376,547	+26.3%	3.89%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	121,160	-490	$40,083,362	+0.7%	3.16%
GOOGL	Alphabet Inc. Communication Services	Added	106,273	+873	$36,566,413	−2.9%	2.88%
MS	Morgan Stanley Financial Services	Reduced	160,800	-300	$30,243,264	−10.2%	2.39%
MRK	Merck & Co., Inc. Healthcare	Reduced	200,660	-300	$29,157,904	+12.9%	2.30%
NVDA	Nvidia Corp Technology	Added	116,180	+2,140	$26,533,188	+16.3%	2.09%
VLO	Valero Energy Corp Energy	Reduced	65,400	-200	$25,349,694	+48.4%	2.00%
CSCO	Cisco Systems, Inc. Technology	Reduced	231,446	-54,030	$24,910,532	−25.7%	1.96%
ADI	Analog Devices Inc Technology	Reduced	57,090	-11,210	$22,648,173	−16.5%	1.79%
META	Meta Platforms, Inc. Communication Services	Added	31,030	+7,620	$22,502,335	+70.6%	1.77%
CVS	CVS HEALTH Corp Healthcare	Added	260,340	+41,640	$22,308,534	−1.4%	1.76%
RTX	RTX Corp Industrials	Held	114,000	0	$21,164,100	−2.2%	1.67%
CVX	Chevron Corp Energy	Reduced	102,200	-26,300	$20,870,262	−2.0%	1.65%
ET	Energy Transfer LP Energy	Held	1,012,090	0	$20,009,019	+103300.4%	1.58%
ABBV	AbbVie Inc. Healthcare	Reduced	73,050	-200	$19,109,149	+3.7%	1.51%
WMT	Walmart Inc. Consumer Defensive	Added	183,860	+32,000	$19,106,731	+11.1%	1.51%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	126,360	-200	$18,833,958	+17.8%	1.49%
GE	General Electric Co Industrials	Reduced	59,825	-300	$18,682,749	−16.9%	1.47%
DUK	Duke Energy CORP Utilities	Reduced	159,140	-33,970	$18,143,551	−25.8%	1.43%
BAC	Bank Of America Corp Financial Services	Reduced	327,200	-900	$17,809,496	−4.7%	1.40%
MCK	Mckesson Corp Healthcare	Reduced	20,340	-100	$17,366,495	+12.4%	1.37%
JNJ	Johnson & Johnson Healthcare	Held	64,900	0	$17,181,626	+4.2%	1.35%
LLY	ELI LILLY & Co Healthcare	Held	14,670	0	$16,974,363	−3.5%	1.34%
SPG	Simon Property Group Inc. Real Estate	Reduced	82,820	-290	$16,626,943	−10.5%	1.31%
VOO	VANGUARD 500 INDEX FUND	Reduced	23,688	-1,944	$16,601,971	−5.7%	1.31%
ITT	Itt Inc. Industrials	Reduced	80,600	-200	$16,266,692	+1.8%	1.28%
AVGO	Broadcom Inc. Technology	Reduced	45,452	-200	$15,962,287	−7.4%	1.26%
AME	Ametek Inc Industrials	Reduced	63,300	-200	$15,681,309	+2.1%	1.24%
ETN	Eaton Corp plc Industrials	Reduced	35,780	-100	$15,375,023	+0.6%	1.21%
JCI	Johnson Controls International plc Industrials	Added	102,100	+8,800	$15,177,165	+11.3%	1.20%
HPE	Hewlett Packard Enterprise Co Technology	Reduced	233,700	-700	$14,931,093	+41.2%	1.18%
GLW	Corning Inc Technology	Reduced	96,700	-28,100	$14,868,592	−53.4%	1.17%
EPD	Enterprise Products Partners L.P. Energy	Held	417,070	0	$14,851,862	−3.1%	1.17%
DGX	Quest Diagnostics Inc Healthcare	Reduced	62,340	-30,400	$14,529,583	−26.1%	1.15%
D	Dominion Energy, Inc Utilities	Reduced	238,900	-74,900	$14,458,228	−32.5%	1.14%
ADP	Automatic Data Processing Inc Technology	NEW	55,900	NEW	$14,425,554	NEW	1.14%
CRM	Salesforce, Inc. Technology	NEW	61,700	NEW	$14,164,469	NEW	1.12%
TXN	Texas Instruments Inc Technology	Added	50,250	+150	$14,074,522	−5.8%	1.11%
V	Visa Inc. Financial Services	Reduced	39,100	-100	$14,049,803	+4.5%	1.11%
AJG	Arthur J. Gallagher & Co. Financial Services	Reduced	58,460	-200	$13,335,310	−1.0%	1.05%
VTR	Ventas, Inc. Real Estate	Reduced	153,540	-600	$13,053,970	−4.6%	1.03%
NUE	Nucor Corp Basic Materials	Added	55,540	+940	$12,982,475	+6.7%	1.02%
DAL	Delta Air Lines, Inc. Industrials	NEW	153,360	NEW	$12,799,425	NEW	1.01%
PH	Parker-Hannifin Corp Industrials	Added	13,280	+6,400	$12,687,977	+88.5%	1.00%
BLK	BlackRock, Inc. Financial Services	Added	11,660	+135	$12,339,661	+11.3%	0.97%
PLD	Prologis, Inc. Real Estate	Reduced	89,400	-23,200	$11,607,696	−23.9%	0.92%

Showing the top 50 of 129 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.