13F HOLDINGS REPORT

PAYDEN & RYGEL

Quarter ended Q4 2025 · Filed February 6, 2026 · Accession 0001193125-26-039852

Total Value

$1.4M

Positions

115

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (115)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR GOLD MINISHARES TRUST	GLDW	1,300,000	$110,981	7.67%
2	ISHARES JP MORGAN EM BOND FD ETF	464288281	1,002,967	$96,566	6.68%
3	VANECK JPM EM LOCAL CURR BND	92189H300	2,435,462	$62,884	4.35%
4	INVESCO NASDAQ 100 ETF	IVZ	242,572	$61,351	4.24%
5	ISHARES IBOXX INVESTMENT ETF	464287242	464,396	$51,172	3.54%
6	JPMORGAN CHASE	VYLD	152,150	$49,026	3.39%
7	ALPHABET INC-CL A	GOOG	146,500	$45,855	3.17%
8	MORGAN STANLEY	MS-PQ	175,900	$31,228	2.16%
9	AMAZON.COM	AMZN	133,800	$30,884	2.14%
10	WELLS FARGO	949746101	315,000	$29,358	2.03%
11	BANK OF AMERICA	060505104	515,700	$28,364	1.96%
12	BLACKROCK INC	BLK	22,500	$24,083	1.67%
13	MICROSOFT	MSFT	48,730	$23,567	1.63%
14	GENERAL ELECTRIC	369604301	75,300	$23,195	1.60%
15	CRH PLC	CRH	180,000	$22,464	1.55%
16	DUKE ENERGY	DUKB	189,690	$22,234	1.54%
17	CISCO SYSTEMS	CSCO	282,070	$21,728	1.50%
18	WAL-MART STORES	WMT	193,100	$21,513	1.49%
19	MERCK & CO	MRK	198,100	$20,852	1.44%
20	TJX COMPANIES	872540109	135,700	$20,845	1.44%
21	CVS HEALTH CORP	CVS	260,200	$20,649	1.43%
22	META PLATFORMS INC	META	30,710	$20,271	1.40%
23	INTL BUSINESS MACHINES	INTR	67,900	$20,113	1.39%
24	ITT	ITT	112,500	$19,520	1.35%
25	DOMINION RESOURCES	D	313,800	$18,386	1.27%
26	ANALOG DEVICES	ADI	66,000	$17,899	1.24%
27	MCKESSON	MCK	21,500	$17,636	1.22%
28	CORNING	GLW	193,400	$16,934	1.17%
29	VANGUARD S&P 500 ETF	922908363	26,955	$16,904	1.17%
30	VISA INC-CL A	V	47,100	$16,518	1.14%
31	SS&C TECHNOLOGIES HOLDINGS	SSNC	187,000	$16,348	1.13%
32	QUEST DIAGNOSTICS	DGX	93,400	$16,208	1.12%
33	CUMMINS INC	CMI	31,200	$15,926	1.10%
34	BROADCOM INC	AVGO	44,068	$15,252	1.05%
35	SIMON PROPERTY GROUP	828806109	77,050	$14,263	0.99%
36	PROLOGIS	PLDGP	110,300	$14,081	0.97%
37	VERIZON COMMUNICATIONS	VZ	335,290	$13,656	0.94%
38	RTX CORP	RTX	74,000	$13,572	0.94%
39	ENTERPRISE PRODUCTS PARTNERS	293792107	417,070	$13,371	0.92%
40	ABBVIE	ABBV	57,010	$13,026	0.90%
41	FIFTH THIRD BANK	FITBM	272,000	$12,732	0.88%
42	JOHNSON & JOHNSON	JNJ	61,400	$12,707	0.88%
43	EXELON	EXC	287,310	$12,524	0.87%
44	MCDONALD'S	MCD	40,700	$12,439	0.86%
45	AMERICAN EXPRESS	AXP	31,800	$11,764	0.81%
46	EATON	ETN	36,200	$11,530	0.80%
47	GILEAD SCIENCES	GILD	91,280	$11,204	0.77%
48	NVIDIA	NVDA	59,670	$11,128	0.77%
49	STRYKER	SYK	31,100	$10,931	0.76%
50	CHEVRON	CVX	70,800	$10,791	0.75%
51	VALERO ENERGY	VLO	65,600	$10,679	0.74%
52	PEPSICO	PEP	73,400	$10,534	0.73%
53	ENERGY TRANSFER LP	ET-PI	638,490	$10,529	0.73%
54	JOHNSON CONTROLS INTERNATIONAL	G51502105	87,700	$10,502	0.73%
55	AMETEK	AME	49,100	$10,081	0.70%
56	PROCTER & GAMBLE	742718109	67,500	$9,673	0.67%
57	NASDAQ STOCK MARKET	NDAQ	91,900	$8,926	0.62%
58	BOOKING HOLDINGS	BKNG	1,600	$8,569	0.59%
59	TEXAS INSTRUMENTS	882508104	48,100	$8,345	0.58%
60	WASTE MANAGEMENT	94106L109	37,500	$8,239	0.57%
61	ANNALY CAP MGMT	NLY-PJ	361,100	$8,074	0.56%
62	CIGNA GROUP	125523100	29,000	$7,982	0.55%
63	S&P GLOBAL INC	SPGI	15,200	$7,943	0.55%
64	JACOBS SOLUTIONS	J	59,600	$7,895	0.55%
65	WALT DISNEY CO	254687106	69,030	$7,854	0.54%
66	METLIFE	MET-PF	95,700	$7,555	0.52%
67	KIMCO REALTY	49446R109	364,400	$7,386	0.51%
68	VISTRA CORP	VST	35,400	$5,711	0.39%
69	ISHARES I-05Y INV GRADE CORP ETF	464288646	99,406	$5,257	0.36%
70	PFIZER	PFE	205,080	$5,106	0.35%
71	APPLE	AAPL	16,800	$4,567	0.32%
72	ELI LILLY & CO	LLY	3,020	$3,246	0.22%
73	ISHARES IBOXX H/Y CORP BOND ETF	464288513	34,867	$2,811	0.19%
74	ISHARES ESG 1-5 YEAR ETF	46435G243	88,579	$2,236	0.15%
75	WILLIAMS COS	969457100	28,460	$1,711	0.12%
76	ORACLE	ORCL-PD	7,090	$1,382	0.10%
77	COCA-COLA	KO	19,610	$1,371	0.09%
78	NETFLIX	NFLX	13,300	$1,247	0.09%
79	GOLDMAN SACHS GROUP	GSCE	1,260	$1,108	0.08%
80	NUCOR	NUE	6,400	$1,044	0.07%
81	ISHARES ESG AWARE USD CORPOR	46435G193	35,557	$831	0.06%
82	COSTCO WHOLESALE	22160K105	900	$776	0.05%
83	AMERICAN TOWER	03027X100	4,200	$737	0.05%
84	SALESFORCE.COM	CRM	2,700	$715	0.05%
85	TRUIST FINANCIAL CORPORATION	89832Q109	12,800	$630	0.04%
86	HOME DEPOT	HD	1,770	$609	0.04%
87	QUALCOMM	QCOM	3,200	$547	0.04%
88	AMERIPRISE FINANCIAL	03076C106	1,100	$539	0.04%
89	DOVER CORP	DOV	2,680	$523	0.04%
90	EMERSON ELECTRIC	EMR	3,500	$465	0.03%
91	DANAHER	235851102	2,000	$458	0.03%
92	EXXON MOBIL	XOM	3,700	$445	0.03%
93	DEERE & CO	DE	900	$419	0.03%
94	APPLIED MATERIALS	038222105	1,600	$411	0.03%
95	REPUBLIC SERVICES-CL A	760759100	1,800	$381	0.03%
96	AECOM	ACM	4,000	$381	0.03%
97	T-MOBILE US INC	TMUSZ	1,830	$372	0.03%
98	LOCKHEED MARTIN	LMT	740	$358	0.02%
99	MASTERCARD	MA	560	$320	0.02%
100	MICROCHIP TECHNOLOGY	MCHPP	4,800	$306	0.02%
101	AMERICAN ELECTRIC POWER	025537101	2,500	$288	0.02%
102	EQT CORP	EQT	5,000	$268	0.02%
103	ISHARES GNMA BOND ETF	46429B333	4,553	$203	0.01%
104	PUBLIC STORAGE	PSA-PS	740	$192	0.01%
105	ARES MANAGEMENT CORP-A	ARES-PB	1,100	$178	0.01%
106	DIGITAL REALTY REIT	253868103	1,100	$170	0.01%
107	ANTERO RESOURCES CORP	AR	3,910	$135	0.01%
108	ARTHUR J GALLAGHER & CO	363576109	500	$129	0.01%
109	DELL TECHNOLOGIES	DELL	1,000	$126	0.01%
110	PETROLEO BRASILEIRO SA	71654V408	10,210	$121	0.01%
111	EXPAND ENERGY CORP	EXE	853	$94	0.01%
112	ISHARES S&P PREFERRED STOCK INDEX	464288687	1,955	$61	0.00%
113	ARES CAPITAL	ARCC	1,160	$23	0.00%
114	MONDELEZ INTL	609207105	270	$15	0.00%
115	VICI PROPERTIES	925652109	360	$10	0.00%