EVERGREEN CAPITAL MANAGEMENT LLC
Q4 2023 Form 13-F

BELLEVUE, WASHINGTON
CIK 0001260824 · CRD 104931 · SEC-registered investment adviser
Consolidated report · includes 4 managers since Q2 2022
$2.4B Reported Value Total

EVERGREEN CAPITAL MANAGEMENT LLC reports 2,924 total accounts under management (AUM). There are 2,905 discretionary accounts valued at $4,453,687,296, and 19 non-discretionary accounts valued at $96,628,320.

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
$2.4B
Quarter over quarter
+8.5%
Holdings
843
Top-10 concentration
20.7%

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
Q3 2023
Q1 2024
Go to latest

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q4 2023 13F filing summary

Period of report December 31, 2023
Filed February 14, 2024
Form 13F-HR
Reported value $2.4B
Positions 843
Change in reported value +7.3%
New positions 128
Exited positions 77
Position turnover 22.3%
Top-10 concentration 20.7%

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 · Q4 2023

# Holding Reported value % of portfolio
1 MSFT MICROSOFT CORP $90.6M 3.7%
2 PCAR PACCAR INC $68.6M 2.8%
3 SPTS SPDR SER TR $62.7M 2.56%
4 AAPL APPLE INC $62.7M 2.56%
5 IEI ISHARES TR $55.3M 2.26%
6 SHY ISHARES TR $43.2M 1.77%
7 AMZN AMAZON COM INC $37.1M 1.52%
8 GOOG ALPHABET INC $31.6M 1.29%
9 ANGL VANECK ETF TRUST $28.0M 1.14%
10 EPD ENTERPRISE PRODS PARTNERS L $27.1M 1.11%
11 VUG VANGUARD INDEX FDS $26.1M 1.07%
12 VNQ VANGUARD INDEX FDS $23.4M 0.96%
13 EMLC VANECK ETF TRUST $23.1M 0.94%
14 JPM JPMORGAN CHASE & CO $22.8M 0.93%
15 IXC ISHARES TR $22.7M 0.93%
16 MLPA GLOBAL X FDS $22.1M 0.9%
17 QCOM QUALCOMM INC $21.7M 0.89%
18 MLPX GLOBAL X FDS $19.9M 0.81%
19 NVDA NVIDIA CORPORATION $19.5M 0.8%
20 PAGP PLAINS GP HLDGS L P $17.0M 0.7%

Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.

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