WESTCHESTER CAPITAL MANAGEMENT LLC
Q2 2026 Form 13-F
VALHALLA, NEW YORK
CIK 0001512805
· CRD 155686
· SEC-registered investment adviser
Consolidated report · includes
2 managers
since Q2 2013
$2.0B Reported Value Total
WESTCHESTER CAPITAL MANAGEMENT, LLC reports 7 total accounts under management (AUM). There are 7 discretionary accounts valued at $2,884,059,583, and 0 non-discretionary accounts.
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.
Private funds (Form ADV)
1 fund
· $7.3M gross asset value
Other: $7.3M
Source: Form ADV filed 2026-03-30
Reported value
$2.0B
Quarter over quarter
+2.3%
Holdings
300
Top-10 concentration
48.8%
Filing Structure
Reports holdings for
- Virtus Investment Advisers Inc · File #028-00085 · since Q4 2021
- WESTCHESTER CAPITAL PARTNERS LLC · File #028-11493 · since Q2 2013
- JACKSON NATIONAL ASSET MANAGEMENT LLC · File #028-06761 · Q1 2025 – Q1 2025 · declared by one filing
Key People
Form ADV owners & control persons
Michael Aaron Angerthal
EXECUTIVE VICE PRESIDENT
George Robert Aylward
CHIEF EXECUTIVE OFFICER
Roy Douglas Behren
CO-PRESIDENT AND CO-CHIEF INVESTMENT OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | August 14, 2026 |
| Form | 13F-HR |
| Reported value | $2.0B |
| Positions | 300 |
| Change in reported value | -7.4% |
| New positions | 75 |
| Exited positions | 72 |
| Position turnover | 39.5% |
| Top-10 concentration | 48.8% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
300 | $2.0B |
|
Q1 2026 13F
Filed May 15, 2026
|
297 | $2.2B |
|
Q4 2025 13F
Filed Feb 13, 2026
|
277 | $2.4B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
246 | $2.2B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
203 | $1.9B |
|
Q1 2025 13F
Filed May 14, 2025
|
160 | $1.9B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
157 | $1.8B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
180 | $2.3B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
210 | $2.7B |
|
Q1 2024 13F
Filed May 15, 2024
|
228 | $2.7B |
|
Q4 2023 13F
Filed Feb 15, 2024
|
256 | $2.9B |
|
Q3 2023 13F
Filed Nov 8, 2023
|
288 | $3.4B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
308 | $3.2B |
|
Q1 2023 13F
Filed May 15, 2023
|
348 | $3.3B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
435 | $3.6B |
|
Q3 2022 13F
Filed Nov 15, 2022
|
465 | $3.6B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
415 | $3.6B |
|
Q1 2022 13F
Filed May 16, 2022
|
409 | $3.7B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
381 | $3.5B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
353 | $3.5B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | EA ELECTRONIC ARTS INC | $169.4M | 8.29% |
| 2 | NSC NORFOLK SOUTHN CORP | $162.2M | 7.94% |
| 3 | WBD WARNER BROS DISCOVERY INC | $152.4M | 7.46% |
| 4 | GTLS CHART INDS INC | $128.2M | 6.28% |
| 5 | WBS WEBSTER FINL CORP | $106.8M | 5.23% |
| 6 | UNF UNIFIRST CORP MASS | $76.0M | 3.72% |
| 7 | DBRG DIGITALBRIDGE GROUP INC | $58.3M | 2.86% |
| 8 | PEN PENUMBRA INC | $49.7M | 2.43% |
| 9 | QRVO QORVO INC | $49.7M | 2.43% |
| 10 | ROKU ROKU INC | $43.4M | 2.13% |
| 11 | CZR CAESARS ENTERTAINMENT INC NE | $41.6M | 2.04% |
| 12 | ANSC AGRICULTURE & NAT SOL ACQ CO | $23.2M | 1.14% |
| 13 | KVUE KENVUE INC | $19.5M | 0.96% |
| 14 | OGN ORGANON & CO | $19.3M | 0.95% |
| 15 | SEM SELECT MED HLDGS CORP | $16.2M | 0.79% |
| 16 | BLD TOPBUILD COR | $15.9M | 0.78% |
| 17 | KFII K&F GROWTH ACQUISITION CORP | $15.6M | 0.76% |
| 18 | AES AES CORP | $14.9M | 0.73% |
| 19 | GTERA GLOBA TERRA ACQUISITION COR | $14.6M | 0.71% |
| 20 | GIW GIGCAPITAL8 CORP | $13.4M | 0.65% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.