Westchester Capital Management, LLC

CIK 0001512805 · Q2 2026

13F Equity AUM

$2.0B

-7.8% QoQ

Positions

301

-298 QoQ

AUM Rank

#2,314

Top 18%

Skill Alpha (FF)

-6.3%/yr^ns

No Clear Edge

Rank #7,686 · Top 94%

vs S&P -7.9%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 35.4%Top 10: 49.0%Top 20: 59.2%

EA8.3%

NSC8.0%

WBD7.5%

GTLS6.3%

WBS5.3%

UNF3.7%

DBRG2.9%

PEN2.5%

QRVO2.4%

ROKU2.1%

Others (291)51.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

No sector data available.

Position Sizing

Positions: 301Median: 0.10%Avg: 0.33%

0–0.5%

265(31.3%)

0.5–1%

23(15.1%)

1–3%

7(14.5%)

3–5%

1(3.7%)

5%+

5(35.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 301vs 20 funds

0%Low

301

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased0Decreased0Exited0

No position changes this quarter.

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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