Payden & Rygel Q2 2026 Portfolio Activity

Observed Changes in Holdings

Payden & Rygel demonstrated significant activity within their investment strategy during Q2 2026. The analysis focuses on changes observed across individual securities and sectors, based solely on the disclosed data.

Tech Giants: Notable Purchases

The investor significantly bolstered their exposure to major Technology companies this quarter. APPLE (AAPL), a cornerstone of many portfolios, saw substantial buying with an increase in shares by 101,510 units (AAPL). Similarly, the investor added considerable positions to MICROSOFT (MSFT) and NVIDIA (NVDA), acquiring 28,420 shares (MSFT) and 40,000 shares (NVDA) respectively. These purchases also extended to other Technology names like HEWLETT PACKARD ENTERPRISE (HPE), where they acquired 234,400 shares (HPE). Furthermore, the investor increased their stake in several other Technology-related holdings including CORNING (GLW) and T-MOBILE US INC (TMUS).

Financial Services: Mixed Signals

In the Financial Services sector, Payden & Rygel's actions were more mixed. While they continued to hold positions in established players like JPMORGAN CHASE (JPM), there was a clear reduction in exposure for certain types of bonds. The investor significantly decreased their position in the Van Eck JPMorgan Emerging Market Local Currency Bond ETF (EMLC) by over 740,000 shares, representing a nearly -32.5% change from the previous quarter (EMLC). However, they showed strong buying interest in other Financial Services stocks such as ARES CAPITAL (ARCC), acquiring 274,500 shares and a massive +236.6% change (ARCC). New positions were also initiated with FIFTH THIRD BANK (FITB) and ARTHUR J GALLAGHER & CO (AJG). On the sell side, they completely exited holdings in WELLS FARGO (WFC), reducing its allocation to just 0.03%.

Consumer Brands and Cyclical Goods

The investor also engaged with Consumer Defensive stocks this quarter. A notable increase was observed in the position of COCA-COLA (KO), adding over 71,000 shares (KO). This contrasts sharply with their exit from other Consumer stocks like PEPSICO (PEP) and the significant reduction in holdings for HASBRO (HAS), which saw a -97.9% change (HAS). Similarly, they sold nearly all of their position in T-MOBILE US INC (TMUS) (-98.5%) and exited a position in Ventas Inc. (VTR) entirely.

The observed changes also reflect shifts within the broader portfolio structure. The Technology sector allocation increased slightly to 20%, while Financial Services remained prominent at 13.7%. There was a noticeable increase in holdings within the Consumer Cyclical sector (+6.18%) due primarily to new positions like VTR. Conversely, the Healthcare sector saw its allocation decrease from 12.4% to an unspecified lower value (Payden & Rygel). The largest portion of the portfolio now resides in 'Unknown' holdings, which increased slightly by +0.31 percentage points.