Bahl & Gaynor LLC

New 13F: Q3 2026

Bahl & Gaynor LLC filed its 13F for the quarter ended Sep 30, 2026 on Nov 5, 2026: $6.2B in AI and semiconductor stocks; $249.4M bought and $212.5M sold against its previous quarter, at the quarter's prices.

• added to TSMC (TSM): +$105.5M at the quarter's price
• trimmed TE Connectivity (TEL): -$39.9M at the quarter's price
• added to NVIDIA (NVDA): +$35.8M at the quarter's price
• trimmed NetApp (NTAP): -$30.1M at the quarter's price
• added to Silicon Motion (SIMO): +$24.8M at the quarter's price
• trimmed Western Digital (WDC): -$24.3M at the quarter's price
• trimmed Broadcom (AVGO): -$24.1M at the quarter's price
• trimmed Intuit (INTU): -$23.5M at the quarter's price
• added to Microsoft (MSFT): +$22.7M at the quarter's price
• trimmed Alphabet (GOOGL): -$18.1M at the quarter's price

Bahl & Gaynor LLC declares $6.3B in 56 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 29.0% of its $21.7B 13F portfolio. Largest positions: Broadcom (0.05% of the company) and Microsoft (0.02% of the company). Over time: $6.3B in 56 of these companies for Q2 2026, against $2.9B in 42 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $632.3M and sold $322.0M of these stocks, at the quarter's prices: a net purchase of $310.3M; 7 new positions and 2 sold out.

Performance of its AI picks

The AI-stock portfolio Bahl & Gaynor LLC declared for Q2 2026 (Form 13F), held unchanged, returned -1.9% in Q3 2026 (SMH -7.1%), ranked 1416 of 1,785 active managers. Over the last 12 months, quarter after quarter: +23.1% (SMH +87.2%), ranked 1044 of 1,360 active managers. Over three years, quarter after quarter: +139.1% (SMH +325.8%), ranked 482 of 784 active managers. Over five years, quarter after quarter: +150.5% (SMH +389.8%), ranked 310 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Broadcom (AVGO): $985.6M, 2.6M shares, 0.05% of the company, 4.5% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. Microsoft (MSFT): $676.0M, 1.8M shares, 0.02% of the company, 3.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
3. TSMC (TSM): $671.3M, 1.4M shares, 0.03% of the company, 3.1% of its portfolio (added this quarter); held since Q4 2019 or earlier
4. NextEra Energy (NEE): $417.8M, 4.8M shares, 0.23% of the company, 1.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
5. Cisco (CSCO): $405.0M, 3.4M shares, 0.09% of the company, 1.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
6. Eaton (ETN): $302.7M, 710,424 shares, 0.18% of the company, 1.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
7. Texas Instruments (TXN): $258.7M, 867,874 shares, 0.10% of the company, 1.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
8. Hubbell (HUBB): $206.6M, 394,813 shares, 0.75% of the company, 0.95% of its portfolio (added this quarter); held since Q4 2019 or earlier
9. Western Digital (WDC): $205.1M, 321,167 shares, 0.09% of the company, 0.95% of its portfolio (trimmed this quarter); held since Q2 2025
10. Alphabet (GOOGL): $193.5M, 542,131 shares, 0.00% of the company, 0.89% of its portfolio (added this quarter); held since Q4 2019 or earlier
11. TE Connectivity (TEL): $177.2M, 879,085 shares, 0.31% of the company, 0.82% of its portfolio (trimmed this quarter); held since Q1 2025
12. Cummins (CMI): $164.5M, 230,716 shares, 0.17% of the company, 0.76% of its portfolio (added this quarter); held since Q1 2026
13. Apple (AAPL): $161.5M, 558,116 shares, 0.00% of the company, 0.74% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
14. Corning (GLW): $161.0M, 630,341 shares, 0.07% of the company, 0.74% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
15. Analog Devices (ADI): $160.8M, 404,950 shares, 0.08% of the company, 0.74% of its portfolio (added this quarter); held since Q4 2019 or earlier

By sector

• Chips & compute: $2.2B, 35% of its AI holdings, 10 companies
• Power, electrical & cooling: $1.2B, 20% of its AI holdings, 13 companies
• Cloud & AI giants: $1.1B, 18% of its AI holdings, 5 companies
• Interconnect: $724.6M, 12% of its AI holdings, 3 companies
• Memory & storage: $406.8M, 6% of its AI holdings, 4 companies
• Optics: $174.4M, 3% of its AI holdings, 2 companies
• Equipment & test: $163.8M, 3% of its AI holdings, 5 companies
• Servers & systems: $122.4M, 2% of its AI holdings, 4 companies
• AI software: $106.6M, 2% of its AI holdings, 7 companies
• Neoclouds & data centers: $9.1M, 0% of its AI holdings, 3 companies

Biggest changes this quarter

• added to Silicon Motion (SIMO): +$99.2M at the quarter's price
• added to Cummins (CMI): +$93.2M at the quarter's price
• trimmed Broadcom (AVGO): -$84.9M at the quarter's price
• added to Amphenol (APH): +$81.9M at the quarter's price
• added to Hubbell (HUBB): +$72.3M at the quarter's price
• added to Analog Devices (ADI): +$56.7M at the quarter's price
• added to Carrier (CARR): +$56.1M at the quarter's price
• trimmed Corning (GLW): -$53.3M at the quarter's price
• trimmed Texas Instruments (TXN): -$48.5M at the quarter's price
• trimmed NextEra Energy (NEE): -$42.9M at the quarter's price

Other holders of this size

• GLENMEDE TRUST CO NA: $6.3B in 146 of these companies
• OMERS ADMINISTRATION Corp: $6.3B in 119 of these companies
• Mn Services Vermogensbeheer B.V.: $6.2B in 80 of these companies
• M&G PLC: $6.3B in 66 of these companies
• PERSHING SQUARE INC.: $6.2B in 3 of these companies
• BI Asset Management Fondsmaeglerselskab A/S: $6.4B in 108 of these companies
• QRG CAPITAL MANAGEMENT, INC.: $6.1B in 141 of these companies
• JUPITER ASSET MANAGEMENT LTD: $6.4B in 60 of these companies

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