Segall Bryant & Hamill, LLC Q1 2026 13F Holdings and Activity Report

I. Institutional Overview

With a total of 557 individual holdings , Segall Bryant & Hamill, LLC maintains a highly diversified structure. This large number of stocks suggests a "multi-sleeve" investment strategy where various portfolio managers may oversee different niche strategies—ranging from small-cap value to large-cap growth—under a single institutional umbrella. However, despite this apparent fragmentation, a closer look at the concentration levels indicates that the institution is not merely a "closet indexer." The top-heavy nature of its most recent adjustments suggests a deliberate move toward "smart money" concentration in high-quality, liquid mega-cap names, particularly within the technology and consumer ecosystems.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

II. Sector Allocation Analysis

The 23.94% weight in Technology is the most defining characteristic of the portfolio. This allocation signals a strong belief that the digital transformation and the proliferation of artificial intelligence remain the primary drivers of equity returns. However, the institution does not rely solely on growth; the 15.28% in Industrials and 14.86% in Financials provide a sturdy counterweight. This "Barbell Strategy"—combining high-growth tech with cash-flow-heavy industrials and financials—suggests that Segall Bryant & Hamill, LLC is preparing for a "soft landing" or a period of sustained economic resilience where both innovation and traditional infrastructure can thrive.

The Industrials allocation (15.28%) is particularly noteworthy. In an era of "re-shoring" and massive infrastructure investment, this sector acts as a play on the physical rebuilding of the economy. The inclusion of firms involved in electrical infrastructure and professional services suggests that the institution sees a direct link between the "Digital AI world" and the "Physical Power world." You cannot have AI data centers without the industrial capacity to power and cool them, and SB&H seems to be playing both sides of that coin.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

III. Top 10 Holdings Deep Dive

Apple Inc. has surged to the number one spot in the portfolio following a massive 190.50% increase in share count this quarter. This is a definitive "conviction holding" move. Previously, Apple was a significant but not dominant part of the portfolio (1.46% weight); now, at 4.89% , it is the undisputed leader. The motivation for such a large addition likely stems from a belief in Apple's "AI Edge" strategy—the idea that AI will be delivered to the masses through the devices they already carry. By nearly tripling its position, Segall Bryant & Hamill, LLC is signaling that it views Apple not just as a hardware company, but as the ultimate gatekeeper of the AI-enabled consumer ecosystem. The weight change of +3.43% is almost entirely driven by active buying rather than price appreciation, marking this as a major strategic pivot.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

IV. Major Buys/Additions

The addition of over $131 million to Quanta Services is perhaps the most insightful move in the entire report. While most investors focus on the "software" side of AI, SB&H is looking at the "hardware" and "infrastructure" side. Quanta Services is a leader in providing specialized contracting services for the electric power, pipeline, and telecommunications industries. As data centers proliferate to support AI, the demand for a modernized, high-capacity electrical grid skyrockets. This is a "Growth Acceleration Bet" on the physical backbone of the digital economy. The 417% increase in share count shows that the institution has identified a critical bottleneck in the AI story and is investing heavily in the company best positioned to solve it.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

V. Major Sells and Exits

The most shocking move in the entire report is the complete exit from Microsoft Corporation . Previously a core holding with a 1.56% weight, the institution liquidated its entire $115 million position. This qualifies as a "Strategic Retreat." Why would an institution dump the leader in generative AI while buying Apple and Alphabet? The logic likely stems from a "Valuation and Opportunity Cost" assessment. By early 2026, Microsoft may have reached a valuation that the institution deemed "priced to perfection." Alternatively, the investment committee may have decided that the incremental gains in Microsoft would be lower than the potential "catch-up" gains in Alphabet or the "hardware cycle" gains in Apple. This is a bold, contrarian move that suggests SB&H is not afraid to walk away from a "crowded trade" to find better value elsewhere.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

VI. Investment Insights and Risk Warnings

This strategy reflects a belief that we have entered a "Winner-Takes-All" phase of the economic cycle. The institution is no longer content to hold a broad basket of stocks; it wants to own the companies that have the data, the cash flow, and the infrastructure to dictate the terms of their respective industries. For retail investors, the reference value here is the identification of the AI "Physical Backbone" (Quanta Services) and the shift toward "Ecosystem" over "Software" (Apple/Alphabet over Microsoft). However, the exit from Microsoft serves as a reminder that even the best companies can become "too expensive" for a disciplined institutional manager.

This section shows only part of the complete report. View the app for the full analysis, position-level detail, and quarter-over-quarter tracking.

Sources and limitations

This report uses public U.S. Securities and Exchange Commission Form 13F disclosures and structured data maintained by 13F Hub. A 13F filing is a quarter-end snapshot of reportable long positions, is normally published with a delay, and does not disclose every short position, cash balance, bond, derivative, or non-U.S. asset.

Narrative content is prepared from the same-period SEC disclosure and 13F Hub structured data, then checked before publication. This material is for research and education, not personalized investment advice.