Gallagher Fiduciary Advisors portfolio

Investment firm

Portfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗

A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.

Gallagher Fiduciary Advisors reported a $3.0 bn portfolio of 355 companies (356 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are MCD, DAL, PCG. During the quarter it opened American Century Qlty Diver ETF.

Stock portfolio

$3.0 bn

Companies

355

356 positions (by CUSIP)Top 10: 77%

Turnover

19%

Copying its 13F, 5 years

—

Not calculated: not counted as a concentrated manager

Sections with a free account

What changed this quarter

272 positions with a change (15 new, 92 added to, 158 trimmed, 7 sold); also, 2 exited through an acquisition or merger, 1 entered through a spin-off. 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

Pg&e+109%more sharesIncreased
12.6% → 9.9%
American Century Qlty Diver ETF+0.7 ppof portfolioNew
— → 0.7%
McDONALD’S−1.7%fewer sharesReduced
52.2% → 37.8%
Delta Air Lines−5.3%fewer sharesReduced
9.9% → 11.2%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.

Top holdings

McDONALD’SMCD37.8%
Delta Air LinesDAL11.2%
Pg&ePCG9.9%
Vanguard Index FundsVTI5.9%
CBRE GroupCBRE3.9%
Schwab US Broad Market ETFSCHB2.6%
Franklin ResourcesBEN1.5%
Vanguard Long-term Corp Bond ETFVCLT1.4%
iShares 10+ Year INV GR ETFIGLB1.4%
American Century Diversified ETFKORP1.2%
Ishares TrLQD1.2%
iShares Core Msci Eafe ETFIEFA0.8%
IsharesIEMG0.8%
American Centy ETF TrAVUV0.7%
Vanguard Index FundsVBK0.7%
American Century Qlty Diver ETFQINT0.7%
iShares Morningstar Small-ca ETFISCG0.7%
State Str Spdr S&P 500 ETF TSPY0.7%
Vanguard Index FundsVBR0.6%
American Centy ETF TrAVLV0.6%
Vanguard Admiral FundsVIOV0.6%
Vanguard Mrngstr Val ETF-aui ETFVTV0.5%
Pimco INV Grade Corp BD ETFCORP0.5%
iShares Core S&P U.s. Growth ETFIUSG0.5%
Vanguard Ftse Developed ETFVEA0.5%
iShares Core Dividend Growth ETFDGRO0.4%
iShares Core S&P U.s. Value ETFIUSV0.3%
Vanguard High DVD Yield ETFVYM0.3%
First Trust Rising Dividend ETFRDVY0.3%
Vanguard Mrngstar GR ETF-sui ETFVUG0.3%
iShares International Select ETFIDV0.3%
First Trust Smid Cap Rising ETFSDVY0.3%
iShares Core High Dividend E ETFHDV0.3%
iShares Core International Stock ETFIXUS0.2%
iShares Msci USA Momentum FA ETFMTUM0.2%
Vanguard Intermediate-term T ETFVGIT0.2%
Vanguard Real Estate ETFVNQ0.2%
iShares Core S&P 500 ETFIVV0.2%
Pacer Lunt LRG Cap Multi-fac ETFPALC0.2%
Innovator US Eq 10 Buffer ETFZALT0.2%
iShares 0-5 Yr HY Corp Bond ETFSHYG0.2%
Cleveland-cliffsCLF0.2%
iShares Semiconductor ETFSOXX0.2%
First Tr Exchng Traded Fund VIBUFR0.2%
AppleAAPL0.2%
First Tr Exchng Traded Fund VIDHDG0.2%
First Tr Exchng Traded Fund VIBUFQ0.2%
Ishares TrIUSB0.2%
iShares 0-3 Month Treasury B ETFSGOV0.1%
First Tr Exch Traded Fund IIIFPE0.1%
NVIDIANVDA0.1%
Fidelity Enhanced Small Cap ETFFESM0.1%
Micron TechnologyMU0.1%
Invesco Exchange Traded Fund TXLG0.1%
Vanguard International Equity Index FVWO0.1%
Fidelity Total Bond ETFFBND0.1%
Vanguard Total Bond Market ETFBND0.1%
iShares 1-3 Year Treasury BO ETFSHY0.1%
State Street SPDR BB High Yield Bond ETFJNK0.1%
iShares JP Morgan USD Emergi ETFEMB0.1%
iShares Msci USA Quality FAC ETFQUAL0.1%
First Trst Nasd CL EDG Sgiif ETFGRID0.1%
First Trust RBA American IND ETFAIRR0.1%
Exxon MobilXOM0.1%
3mMMM0.1%
State Street Technology Select Sector ETFXLK0.1%
JPMorgan ChaseJPM0.1%
iShares Core U.s. Aggregate ETFAGG0.1%
Berkshire HathawayBRK/B0.1%
Amazon.comAMZN0.1%
Vanguard S&P 500 ETFVOO0.1%
First Tr Exchng Traded Fund VIBUFZ0.1%
MicrosoftMSFT0.1%
iShares US Real Estate ETFIYR0.1%
Innovator Etfs TrustBALT0.1%
TeslaTSLA0.1%
SanminaSANM0.1%
American Century US Quality ETFQGRO0.1%
Johnson & JohnsonJNJunder 0.1%
First Tr Exchng Traded Fund VIJUNMunder 0.1%
First Tr Exchng Traded Fund VIGJUNunder 0.1%
EnproNPOunder 0.1%
Xcel EnergyXELunder 0.1%
Schwab US Mid Cap ETFSCHMunder 0.1%
Verizon CommunicationsVZunder 0.1%
iShares International Develo ETFIFGLunder 0.1%
AbbVieABBVunder 0.1%
STE Str SPDR PT S&P 500 ETFSPYMunder 0.1%
Taylor Morrison HomeTMHCunder 0.1%
First Tr Exchng Traded Fund VIGMAYunder 0.1%
Procter & GamblePGunder 0.1%
iShares Russell 2000 Value E ETFIWNunder 0.1%
ChevronCVXunder 0.1%
IntelINTCunder 0.1%
Cisco SystemsCSCOunder 0.1%
iShares S&P 500 Growth ETFIVWunder 0.1%
Ultra Clean HoldingsUCTTunder 0.1%
Vishay IntertechnologyVSHunder 0.1%
Invesco Nasdaq 100 ETFQQQMunder 0.1%
Coca-ColaKOunder 0.1%

“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.

Portfolio by sector

● Consumer Discretionary 39%
● No sector 32%
● Industrials 12%
● Utilities 10%
● Real Estate 4%
● Financials 2%
● Information Technology 1%

How its portfolio changed (8 quarters)

Positions

Q2 2026: 356

3560

Q3 2024Q2 2026

Top 10 weight

Q2 2026: 77%

85%42%

Q3 2024Q2 2026

Traded turnover

Q2 2026: 5.1%

42.6%0

Q3 2024Q2 2026

Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.

Stakes above 5% (13D/13G)

Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.

How we classify it

Investment firm, per its Form ADV of Sep 28, 2026 (medium confidence).

The data, as reported: GALLAGHER FIDUCIARY ADVISORS, LLC (CRD 146509): Institutional mandates; 5.D assets by client type: pension plans 88%, other 5% (of $194.8 bn); 5.F 6407 accounts, 93% non-discretionary; 5.D 6120 clients, 3940 individuals

The type comes from a rule applied to that data. If it looks wrong, tell us.

Not counted as a concentrated manager: its portfolio is not within 5 to 100 positions; more than 20% is ETFs. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided

Similar managers by type and size

Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.

Hawk Ridge Capital ManagementInvestment firm · $3.1 bn
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L1 Capital PtyInvestment firm · $3.0 bn
Giverny CapitalInvestment firm · $3.0 bn
Valley Forge Capital ManagementInvestment firm · $3.1 bn
Palestra Capital ManagementInvestment firm · $2.9 bn

What changed this quarter

Top holdings

Portfolio by sector

How its portfolio changed (8 quarters)

Stakes above 5% (13D/13G)

Similar managers by type and size

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