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Westchester Capital Management, Inc.

CIK:0001390063
Asset Manager
$3B AUM
39 holdings
Valhalla, NY, United States
Founded:1980
11 employees
Latest filing:Jun 30, 2025

Westchester Capital Management, LLC is an SEC-registered investment adviser and a wholly owned subsidiary of Virtus Partners, Inc., which is itself owned by Virtus Investment Partners, Inc. The firm is headquartered in Valhalla, NY, and specializes in event-driven alternative investment strategies. Dating its track record and expertise back over 40 years, Westchester manages several funds, notably The Merger Fund, and serves both individual and institutional clients. It was historically known as Westchester Capital Management, Inc., and currently employs approximately 11 people.

Investment Strategy

Westchester Capital Management focuses on merger arbitrage and event-driven investment strategies, investing in publicly announced events such as mergers, acquisitions, takeovers, spin-offs, and corporate reorganizations. The goal is to profit from the timely completion of these transactions. Their investment approach is disciplined and absolute-return oriented, with an emphasis on non-correlated alternative strategies, targeting consistent returns regardless of market conditions.

Latest 13F Filing Activity

Westchester Capital Management, Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 39 equity positions with a total 13F market value of $425M. The fund increased holdings in Salesforce.com Inc., Microsoft Corporation, Microchip Technology, Inc. among other positions. Westchester Capital Management, Inc. reduced exposure to CVS Health Corporation, Berkshire Hathaway Class B, Becton Dickinson & Company among others.

Top Buys
C
CRMSalesforce.com Inc
+$12.2M
M
MSFTMicrosoft Corporation
+$8.7M
M
MCHPMicrochip Technology, Inc.
+$4.2M
C
CATCaterpillar, Inc.
+$3.7M
J
JPMJP Morgan Chase
+$3.6M
Top Sells
C
CVSCVS Health Corporation
-$6.8M
B
BRK-BBerkshire Hathaway Class B
-$2.8M
B
BDXBecton Dickinson & Company
-$2.7M
A
AAPLApple, Inc.
-$2.6M
A
ABBVAbbVie, Inc.
-$2.3M

Top Holdings

M
MSFTMicrosoft Corporation
+8.5%$35.9M
A
AAPLApple, Inc.
+7.6%$32.5M
B
BRK-BBerkshire Hathaway Class B
+6.6%$27.9M
W
WMTWal-Mart, Inc.
+6.1%$25.8M
J
JPMJP Morgan Chase
+5.9%$25.2M

Equity Positions (39)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
Microsoft Corporation8.45%$35.9M72,231$49.17$497.41+$8.7M
Apple, Inc.7.64%$32.5M158,193$23.27$205.17-$2.6M
Berkshire Hathaway Class B6.58%$27.9M57,530$138.19$485.77-$2.8M
Wal-Mart, Inc.6.06%$25.8M263,590$28.84$97.78+$2.6M
JP Morgan Chase5.92%$25.2M86,805$115.28$289.91+$3.6M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+10.2%
PHARMACEUTICAL PREPARATIONS
+9.1%
ELECTRONIC COMPUTERS
+8.5%
CONSTRUCTION MACHINERY & EQUIP
+6.3%
FIRE, MARINE & CASUALTY INSURANCE
+6.2%