EVERGREEN CAPITAL MANAGEMENT LLC
Q3 2023 Form 13-F

BELLEVUE, WASHINGTON
CIK 0001260824 · CRD 104931 · SEC-registered investment adviser
Consolidated report · includes 4 managers since Q2 2022
$2.3B Reported Value Total

EVERGREEN CAPITAL MANAGEMENT LLC reports 2,659 total accounts under management (AUM). There are 2,645 discretionary accounts valued at $3,691,539,593, and 14 non-discretionary accounts valued at $171,378,941.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Private funds (Form ADV)
8 funds · $234.8M gross asset value
Private Equity Fund: $195.2M · Real Estate Fund: $39.6M
Source: Form ADV filed 2026-03-26
Reported value
$2.3B
Quarter over quarter
-2.7%
Holdings
792
Top-10 concentration
21.2%

Filing Structure

Reports holdings for

Key People

Form ADV owners & control persons
David Mills Hay
MEMBER
Jeffrey Michael Eulberg
DIRECTOR OF WEALTH MANAGEMENT AND OWNER
Tyler Bradley Hay
MEMBER/CHIEF EXECUTIVE OFFICER
Q2 2023
Q4 2023
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Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q3 2023 13F filing summary

Period of report September 30, 2023
Filed November 14, 2023
Form 13F-HR
Reported value $2.3B
Positions 792
Change in reported value -4.7%
New positions 62
Exited positions 70
Position turnover 15.3%
Top-10 concentration 21.2%

13F filings by quarter

Quarter Positions Value
Q3 2026 13F
Filed Oct 23, 2026
 1,455 $5.7B
Q2 2026 13F
Filed Jul 23, 2026
 1,522 $5.7B
Q1 2026 13F
Filed May 14, 2026
 1,498 $4.6B
Q4 2025 13F
Filed Jan 27, 2026
 1,399 $4.5B
Q3 2025 13F
Filed Oct 28, 2025
 1,302 $4.2B
Q2 2025 13F
Filed Aug 14, 2025
 1,126 $3.3B
Q1 2025 13F
Filed May 15, 2025
 1,085 $3.0B
Q4 2024 13F
Filed Feb 13, 2025
 1,064 $3.1B
Q3 2024 13F
Filed Nov 14, 2024
 1,002 $3.0B
Q2 2024 13F
Filed Aug 14, 2024
 948 $2.8B
Q1 2024 13F
Filed May 15, 2024
 872 $2.6B
Q4 2023 13F
Filed Feb 14, 2024
 843 $2.4B
Q3 2023 13F
Filed Nov 14, 2023
 792 $2.3B
Q2 2023 13F
Filed Aug 14, 2023
 800 $2.4B
Q1 2023 13F
Filed May 15, 2023
 722 $2.2B
Q4 2022 13F
Filed Feb 14, 2023
 673 $2.1B
Q3 2022 13F
Filed Nov 14, 2022
 618 $1.9B
Q2 2022 13F
Filed Aug 15, 2022
 559 $1.9B
Q1 2022 13F
Filed May 16, 2022
 654 $2.5B
Q4 2021 13F
Filed Mar 11, 2022
 634 $2.5B

34 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q3 2023

# Holding Reported value % of portfolio
1 MSFT MICROSOFT CORP $84.7M 3.71%
2 SPTS SPDR SER TR $70.0M 3.07%
3 PCAR PACCAR INC $58.0M 2.54%
4 AAPL APPLE INC $54.9M 2.41%
5 IEI ISHARES TR $49.8M 2.18%
6 SHY ISHARES TR $38.8M 1.7%
7 ANGL VANECK ETF TRUST $38.0M 1.66%
8 GOOG ALPHABET INC $30.9M 1.36%
9 AMZN AMAZON COM INC $30.9M 1.35%
10 EPD ENTERPRISE PRODS PARTNERS L $28.1M 1.23%
11 AGOV EXCHANGE LISTED FDS TR $26.8M 1.18%
12 IXC ISHARES TR $24.8M 1.09%
13 VUG VANGUARD INDEX FDS $22.6M 0.99%
14 MLPA GLOBAL X FDS $21.8M 0.95%
15 VNQ VANGUARD INDEX FDS $19.8M 0.87%
16 JPM JPMORGAN CHASE & CO $19.4M 0.85%
17 MLPX GLOBAL X FDS $18.6M 0.82%
18 QCOM QUALCOMM INC $17.9M 0.78%
19 VDE VANGUARD WORLD FDS $17.8M 0.78%
20 NVDA NVIDIA CORPORATION $17.6M 0.77%

Values as reported on the Q3 2023 Form 13F. Every position is in the holdings table below.

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