Payden & Rygel
Payden & Rygel is one of the largest privately owned investment management firms in the United States, headquartered in Los Angeles, CA. Founded in 1983 by Joan Payden and associates, the firm manages over $165.7 billion in client assets and offers investment management services to institutional and individual investors worldwide. Their clients include corporations, endowments, foundations, healthcare organizations, insurance companies, public entities, and high-net-worth individuals. Payden & Rygel is recognized for its customized, client-focused solutions, a global investment perspective, and long-tenured professional staff.
Investment Strategy
Payden & Rygel specializes in active management of fixed income and global multi-asset portfolios. Their approach blends macro-driven, top-down economic analysis with fundamental bottom-up security selection. The firm emphasizes diversification across geographies and sectors and customizes portfolios to each client's objectives, risk tolerance, and guidelines. They manage strategies including cash management, short-term bonds for liquidity, long-duration fixed income, global and emerging market bonds, U.S. and international equities, and high yield. Strong risk controls and robust research underpin their philosophy, seeking both capital preservation and attractive risk-adjusted returns through dynamic asset allocation and prudent credit selection.
Top Holdings
Equity Positions (110)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
Q QQQM | INVESCO NASDAQ 100 ETF | 4.56% | $55.1M | 242,572 | $193.23 | $227.10 | +$8.3M |
J JPM | JPMORGAN CHASE | 4.17% | $50.3M | 173,550 | $131.48 | $289.91 | +$7.7M |
D DUK | DUKE ENERGY | 2.47% | $29.8M | 252,590 | $95.24 | $118.00 | -$466.0K |
B BAC | BANK OF AMERICA | 2.38% | $28.7M | 606,400 | $41.26 | $47.32 | +$7.7M |
W WFC | WELLS FARGO | 2.32% | $28.0M | 349,400 | $74.74 | $80.12 | +$12.6M |