WESTCHESTER CAPITAL MANAGEMENT LLC
Q3 2024 Form 13-F
VALHALLA, NEW YORK
CIK 0001512805
· CRD 155686
· SEC-registered investment adviser
Consolidated report · includes
2 managers
since Q2 2013
$2.3B Reported Value Total
WESTCHESTER CAPITAL MANAGEMENT, LLC reports 7 total accounts under management (AUM). There are 7 discretionary accounts valued at $2,812,808,825, 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
$2.3B
Quarter over quarter
+1.3%
Holdings
180
Top-10 concentration
53.8%
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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Q3 2024 13F record
Q3 2024 13F filing summary
| Period of report | September 30, 2024 |
|---|---|
| Filed | November 14, 2024 |
| Form | 13F-HR |
| Reported value | $2.3B |
| Positions | 180 |
| Change in reported value | -12.0% |
| New positions | 33 |
| Exited positions | 63 |
| Position turnover | 39.5% |
| Top-10 concentration | 53.8% |
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 · Q3 2024
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | HES HESS CORP | $235.2M | 10.03% |
| 2 | EDR ENDEAVOR GROUP HLDGS INC | $167.8M | 7.16% |
| 3 | SPY P SPDR S&P 500 ETF TR | $134.8M | 5.75% |
| 4 | SWN SOUTHWESTERN ENERGY CO | $115.2M | 4.91% |
| 5 | HCP HASHICORP INC | $108.4M | 4.62% |
| 6 | AMED AMEDISYS INC | $108.0M | 4.61% |
| 7 | K KELLANOVA | $107.8M | 4.6% |
| 8 | AXNX AXONICS INC | $100.9M | 4.31% |
| 9 | SRCL STERICYCLE INC | $95.4M | 4.07% |
| 10 | CTLT CATALENT INC | $87.6M | 3.74% |
| 11 | CHX CHAMPIONX CORPORATION | $85.3M | 3.64% |
| 12 | X UNITED STATES STL CORP NEW | $84.6M | 3.61% |
| 13 | JNPR JUNIPER NETWORKS INC | $46.7M | 1.99% |
| 14 | ENV ENVESTNET INC | $45.7M | 1.95% |
| 15 | HAYN HAYNES INTL INC | $42.1M | 1.8% |
| 16 | VSTO VISTA OUTDOOR INC | $34.8M | 1.49% |
| 17 | KDKRW ARES ACQUISITION CORP II | $33.6M | 1.43% |
| 18 | HTLF HEARTLAND FINL USA INC | $33.0M | 1.41% |
| 19 | IPXX INFLECTION PT ACQUISITN CRP | $26.5M | 1.13% |
| 20 | ACI ALBERTSONS COS INC | $25.6M | 1.09% |
Values as reported on the Q3 2024 Form 13F. Every position is in the holdings table below.