SKBA CAPITAL MANAGEMENT LLC

CIK

932024

Location

San Francisco, CA

Portfolio Value

Small $728,442,212

Diversification

Diversified

Reports for

Alaska Permanent Fund Corp

Filing Date

Global Rank

#2,125 / 8,624 ▲ 108 · as of Mar 2026

Top Industry

Drug Manufacturers - General 6.3%

3Y Alpha vs SPY

-4.4%

Period ended 4 months ago

Filed May 13, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 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

+51.8%

SPY

+67.7%

Annualised alpha

-3.9%

Max drawdown

−14.1%

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. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

3.9%

−0.4 pts

Top 5

16.4%

+0.3 pts

Top 10

30.7%

+2.2 pts

HHI

213

Diversified+9

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	17.6%	$128,091,983	19
Healthcare	15.8%	$114,924,635	14
Energy	11.4%	$83,023,488	6
Consumer Cyclical	11.3%	$82,553,864	6
Industrials	10.6%	$77,015,501	7
Technology	8.5%	$62,048,710	10
Consumer Defensive	8.1%	$59,238,178	6
Real Estate	6.1%	$44,305,798	4
Communication Services	4.5%	$32,651,438	3
Utilities	4.0%	$29,106,953	3
Basic Materials	2.1%	$15,481,664	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NKE	NIKE, Inc.	+116,980	402,170	$21,242,619
HR	Healthcare Realty Trust Inc	+105,730	1,111,838	$18,890,127
VZ	Verizon Communications Inc	+57,450	212,550	$10,670,010
BDX	Becton Dickinson & Co	+53,435	113,329	$17,818,718
KTB	Kontoor Brands, Inc.	+39,900	348,206	$24,475,399
GPK	Graphic Packaging Holding Co	+38,900	733,300	$7,289,002
MMM	3M Co	+16,090	118,498	$17,209,464
UNP	Union Pacific Corp	+13,060	47,632	$11,556,475
MDT	Medtronic plc	+11,000	323,712	$28,049,644
HSY	Hershey Co	+10,490	92,600	$19,250,614
USB	US Bancorp De	+9,680	203,155	$10,566,091
WY	Weyerhaeuser Co	+8,800	412,085	$10,067,236
TFC	Truist Financial Corp	+5,500	286,950	$13,191,091
VICI	Vici Properties Inc.	+5,000	322,450	$8,809,334
T	At&T Inc.	+4,530	733,880	$21,275,181
TXN	Texas Instruments Inc	+4,400	54,040	$10,491,325
CLVT	Clarivate PLC	+4,200	184,240	$466,127
XRAY	DENTSPLY SIRONA Inc.	+3,710	1,154,450	$13,391,620
DEO	Diageo PLC	+2,850	155,520	$11,578,464
APD	Air Products & Chemicals, Inc.	+1,485	53,295	$15,481,664
INGR	Ingredion Inc	+1,300	59,450	$6,697,637
NXPI	NXP Semiconductors N.V.	+1,085	64,139	$12,626,403
ADBE	Adobe Inc.	+1,060	2,930	$712,224
DRI	Darden Restaurants Inc	+300	36,915	$7,236,816
SOLV	Solventum Corp	+200	9,945	$649,408
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CRBG	Corebridge Financial, Inc.	−96,330	369,954	$8,827,102
RTX	RTX Corp	−25,800	120,814	$23,305,020
MET	Metlife Inc	−17,200	136,000	$9,617,920
COP	Conocophillips	−12,900	164,645	$21,733,140
CVX	Chevron Corp	−10,340	102,515	$21,210,353
HAS	Hasbro, Inc.	−8,400	123,500	$11,559,600
O	Realty Income Corp	−6,006	106,883	$6,539,101
LHX	L3harris Technologies, Inc. /De/	−5,150	48,653	$16,792,582
NVT	nVent Electric plc	−2,930	10,978	$1,298,477
COHR	Coherent Corp.	−1,875	3,210	$764,654
PH	Parker-Hannifin Corp	−1,340	7,120	$6,374,108
CAH	Cardinal Health Inc	−1,210	33,510	$7,080,998
GOOGL	Alphabet Inc.	−923	2,456	$706,247
WFC	Wells Fargo & Company/Mn	−500	158,150	$12,590,321
RDN	Radian Group Inc	−500	379,600	$12,557,168
PNW	Pinnacle West Capital Corp	−500	158,330	$15,951,747
AMP	Ameriprise Financial Inc	−450	1,590	$706,596
AVTR	Avantor, Inc.	−400	62,967	$493,661
C	Citigroup Inc	−400	137,700	$15,616,557
BN	BROOKFIELD Corp /ON/	−374	16,458	$666,055
TEL	TE Connectivity plc	−320	1,730	$361,604
AIG	American International Group, Inc.	−300	147,450	$11,095,612
TPL	Texas Pacific Land Corp	−260	4,669	$2,215,720
CMI	Cummins Inc	−150	891	$479,375
AXP	American Express Co	−133	3,579	$1,082,575
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	3,930	$775,074
BMY	Bristol Myers Squibb Co	3,700	$224,405
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
PHG	Koninklijke Philips NV	266,932	$7,228,518
GPC	Genuine Parts Co	52,427	$6,446,423
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

79 tracked positions · $728,442,212 total · filing declares 79 positions · $728,442,232 · as of Mar 31, 2026

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

Showing 1–50 of 79 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MDT	Medtronic plc Healthcare	Added	323,712	+11,000	$28,049,644	−6.6%	3.85%
KTB	Kontoor Brands, Inc. Consumer Cyclical	Added	348,206	+39,900	$24,475,399	+30.0%	3.36%
RTX	RTX Corp Industrials	Reduced	120,814	-25,800	$23,305,020	−13.3%	3.20%
KMI	Kinder Morgan, Inc. Energy	Held	663,315	0	$22,240,951	+22.0%	3.05%
COP	Conocophillips Energy	Reduced	164,645	-12,900	$21,733,140	+30.8%	2.98%
T	At&T Inc. Communication Services	Added	733,880	+4,530	$21,275,181	+17.4%	2.92%
NKE	NIKE, Inc. Consumer Cyclical	Added	402,170	+116,980	$21,242,619	+16.9%	2.92%
CVX	Chevron Corp Energy	Reduced	102,515	-10,340	$21,210,353	+23.3%	2.91%
CME	Cme Group Inc. Financial Services	Held	70,693	0	$20,879,177	+8.2%	2.87%
HSY	Hershey Co Consumer Defensive	Added	92,600	+10,490	$19,250,614	+28.8%	2.64%
HR	Healthcare Realty Trust Inc Real Estate	Added	1,111,838	+105,730	$18,890,127	+10.8%	2.59%
MRK	Merck & Co., Inc. Healthcare	Held	151,872	0	$18,268,682	+14.3%	2.51%
BDX	Becton Dickinson & Co Healthcare	Added	113,329	+53,435	$17,818,718	+53.3%	2.45%
MMM	3M Co Industrials	Added	118,498	+16,090	$17,209,464	+5.0%	2.36%
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	48,653	-5,150	$16,792,582	+6.3%	2.31%
PNW	Pinnacle West Capital Corp Utilities	Reduced	158,330	-500	$15,951,747	+13.2%	2.19%
C	Citigroup Inc Financial Services	Reduced	137,700	-400	$15,616,557	−3.1%	2.14%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	53,295	+1,485	$15,481,664	+21.0%	2.13%
PSX	Phillips 66 Energy	Held	83,235	0	$15,163,752	+41.2%	2.08%
KVUE	Kenvue Inc. Consumer Defensive	Held	845,115	0	$14,569,782	−0.1%	2.00%
PFE	Pfizer Inc Healthcare	Held	495,750	0	$13,920,660	+12.8%	1.91%
XRAY	DENTSPLY SIRONA Inc. Healthcare	Added	1,154,450	+3,710	$13,391,620	+1.8%	1.84%
IBM	International Business Machines Corp Technology	Held	55,178	0	$13,374,595	−18.2%	1.84%
TFC	Truist Financial Corp Financial Services	Added	286,950	+5,500	$13,191,091	−4.8%	1.81%
CSCO	Cisco Systems, Inc. Technology	Held	166,577	0	$12,924,709	+0.7%	1.77%
NXPI	NXP Semiconductors N.V. Technology	Added	64,139	+1,085	$12,626,403	−7.7%	1.73%
AEP	American Electric Power Co Inc Utilities	Held	96,240	0	$12,615,139	+13.7%	1.73%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	158,150	-500	$12,590,321	−14.9%	1.73%
RDN	Radian Group Inc Financial Services	Reduced	379,600	-500	$12,557,168	−8.2%	1.72%
DEO	Diageo PLC Consumer Defensive	Added	155,520	+2,850	$11,578,464	−12.1%	1.59%
HAS	Hasbro, Inc. Consumer Cyclical	Reduced	123,500	-8,400	$11,559,600	+6.9%	1.59%
UNP	Union Pacific Corp Industrials	Added	47,632	+13,060	$11,556,475	+44.5%	1.59%
AMGN	Amgen Inc Healthcare	Held	32,360	0	$11,385,866	+7.5%	1.56%
AIG	American International Group, Inc. Financial Services	Reduced	147,450	-300	$11,095,612	−12.2%	1.52%
PKG	Packaging Corp Of America Consumer Cyclical	Held	50,657	0	$10,750,428	+2.9%	1.48%
VZ	Verizon Communications Inc Communication Services	Added	212,550	+57,450	$10,670,010	+68.9%	1.46%
USB	US Bancorp De Financial Services	Added	203,155	+9,680	$10,566,091	+2.3%	1.45%
TXN	Texas Instruments Inc Technology	Added	54,040	+4,400	$10,491,325	+21.8%	1.44%
NTAP	NetApp, Inc. Technology	Added	98,425	+50	$10,077,735	−4.3%	1.38%
WY	Weyerhaeuser Co Real Estate	Added	412,085	+8,800	$10,067,236	+5.4%	1.38%
MET	Metlife Inc Financial Services	Reduced	136,000	-17,200	$9,617,920	−20.5%	1.32%
CRBG	Corebridge Financial, Inc. Financial Services	Reduced	369,954	-96,330	$8,827,102	−37.3%	1.21%
VICI	Vici Properties Inc. Real Estate	Added	322,450	+5,000	$8,809,334	−1.3%	1.21%
GPK	Graphic Packaging Holding Co Consumer Cyclical	Added	733,300	+38,900	$7,289,002	−30.3%	1.00%
DRI	Darden Restaurants Inc Consumer Cyclical	Added	36,915	+300	$7,236,816	+7.4%	0.99%
CAH	Cardinal Health Inc Healthcare	Reduced	33,510	-1,210	$7,080,998	−0.8%	0.97%
INGR	Ingredion Inc Consumer Defensive	Added	59,450	+1,300	$6,697,637	+4.5%	0.92%
PEP	Pepsico Inc Consumer Defensive	Held	42,720	0	$6,633,988	+8.2%	0.91%
O	Realty Income Corp Real Estate	Reduced	106,883	-6,006	$6,539,101	+2.8%	0.90%
PH	Parker-Hannifin Corp Industrials	Reduced	7,120	-1,340	$6,374,108	−14.3%	0.88%

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.