VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.

Key Holdings

The top 50 holdings reveal a distinct preference for high-quality secular growth leaders, balanced with value-oriented financials and industrials.

• Technology & Communication Leaders: The top three positions are Alphabet ($303.98M), NVIDIA ($293.13M), and Amazon ($264.91M). These positions, ranging from 2.6% to 3.0% of the portfolio, indicate a strong conviction in the dominant technology platforms and the AI infrastructure build-out. Other notable tech heavyweights include Microsoft, Broadcom, and Apple.
• Healthcare Exposure: Eli Lilly (LLY) is the fourth-largest holding at $247.2M, representing a significant bet on the healthcare and weight management pharmaceutical sectors.
• Specialized Industrials & Financials: Unlike many passive indices, Vaughan Nelson holds substantial positions in specialized industrial companies such as Monolithic Power Systems (MPWR) and Taiwan Semiconductor (TSM). The financials exposure is also notable, with JPMorgan Chase and Zions Bancorp appearing in the top 12.