# EDGAR Filing Document

**Accession Number:** 0000919219
**File Stem:** 0000919219-25-000010
**Filing Date:** 2025-8
**Character Count:** 13750
**Document Hash:** 44717dedbcf748c7bd3805fffcdd97c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919219-25-000010.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0000919219-25-000010

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL
- **CENTRAL INDEX KEY:** 0000919219

**ORGANIZATION NAME:**
- **EIN:** 953921788
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14013
- **FILM NUMBER:** 251193257

**BUSINESS ADDRESS:**
- **STREET 1:** 333 SOUTH GRAND
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-830-4255

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH GRAND AVENUE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PAYDEN  RYGEL<br>**Address:** 333 SOUTH GRAND AVENUE<br>40TH FL<br>LOS ANGELES, CA 90071

**Form 13F File Number:** 028-14013

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Reza Pishva<br>**Title:** General Counsel<br>**Phone:** 213-830-4392

**Signature, Place, and Date of Signing:**

Reza Pishva  Los Angeles, CA  08-07-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 113

**Form 13F Information Table Value Total:** $1207813

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE | COM | 00287Y109 |  | 20 | 110 | SH |  | SOLE |  | 110 | 0 | 0 |
| AECOM | COM | 00766T100 |  | 17019 | 150800 | SH |  | SOLE |  | 150800 | 0 | 0 |
| ALPHABET INC-CL A | COM | 02079K305 |  | 25976 | 147400 | SH |  | SOLE |  | 147400 | 0 | 0 |
| AMAZON.COM | COM | 023135106 |  | 25208 | 114900 | SH |  | SOLE |  | 114900 | 0 | 0 |
| AMERICAN ELECTRIC POWER | COM | 025537101 |  | 259 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| AMERICAN EXPRESS | COM | 025816109 |  | 21499 | 67400 | SH |  | SOLE |  | 67400 | 0 | 0 |
| AMERICAN TOWER | COM | 03027X100 |  | 7758 | 35100 | SH |  | SOLE |  | 35100 | 0 | 0 |
| AMERIPRISE FINANCIAL | COM | 03076C106 |  | 16119 | 30200 | SH |  | SOLE |  | 30200 | 0 | 0 |
| AMGEN | COM | 031162100 |  | 1480 | 5300 | SH |  | SOLE |  | 5300 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 157 | 3910 | SH |  | SOLE |  | 3910 | 0 | 0 |
| APPLE | COM | 037833100 |  | 4883 | 23800 | SH |  | SOLE |  | 23800 | 0 | 0 |
| APPLIED MATERIALS | COM | 038222105 |  | 293 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| ARES CAPITAL | COM | 04010L103 |  | 25 | 1160 | SH |  | SOLE |  | 1160 | 0 | 0 |
| ARES MANAGEMENT CORP-A | COM | 03990B101 |  | 191 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| ARTHUR J GALLAGHER  CO | COM | 363576109 |  | 20392 | 63700 | SH |  | SOLE |  | 63700 | 0 | 0 |
| BANK OF AMERICA | COM | 060505104 |  | 28695 | 606400 | SH |  | SOLE |  | 606400 | 0 | 0 |
| BERKSHIRE HATHAWAY-CL B | COM | 084670702 |  | 15933 | 32800 | SH |  | SOLE |  | 32800 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 22769 | 21700 | SH |  | SOLE |  | 21700 | 0 | 0 |
| BOEING | COM | 097023105 |  | 670 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| BOOKING HOLDINGS | COM | 09857L108 |  | 9263 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 13066 | 47400 | SH |  | SOLE |  | 47400 | 0 | 0 |
| CHEVRON | COM | 166764100 |  | 215 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| CHUBB LTD | COM | H1467J104 |  | 10488 | 36200 | SH |  | SOLE |  | 36200 | 0 | 0 |
| CIGNA GROUP | COM | 125523100 |  | 10347 | 31300 | SH |  | SOLE |  | 31300 | 0 | 0 |
| CISCO SYSTEMS | COM | 17275R102 |  | 21561 | 310770 | SH |  | SOLE |  | 310770 | 0 | 0 |
| COCA-COLA | COM | 191216100 |  | 11625 | 164310 | SH |  | SOLE |  | 164310 | 0 | 0 |
| COMCAST-A | COM | 20030N101 |  | 206 | 5770 | SH |  | SOLE |  | 5770 | 0 | 0 |
| CORNING | COM | 219350105 |  | 11675 | 222000 | SH |  | SOLE |  | 222000 | 0 | 0 |
| COSTCO WHOLESALE | COM | 22160K105 |  | 16532 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| CRH PLC | COM | G25508105 |  | 15817 | 172300 | SH |  | SOLE |  | 172300 | 0 | 0 |
| DANAHER | COM | 235851102 |  | 15922 | 80600 | SH |  | SOLE |  | 80600 | 0 | 0 |
| DELL TECHNOLOGIES | COM | 24703L202 |  | 172 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| DELTA AIR LINES INC | COM | 247361702 |  | 949 | 19300 | SH |  | SOLE |  | 19300 | 0 | 0 |
| DIGITAL REALTY REIT | COM | 253868103 |  | 1813 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| DOMINION RESOURCES | COM | 25746U109 |  | 21698 | 383900 | SH |  | SOLE |  | 383900 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 491 | 2680 | SH |  | SOLE |  | 2680 | 0 | 0 |
| DUKE ENERGY | COM | 26441C204 |  | 29806 | 252590 | SH |  | SOLE |  | 252590 | 0 | 0 |
| EATON | COM | G29183103 |  | 14994 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 12254 | 15720 | SH |  | SOLE |  | 15720 | 0 | 0 |
| EMERSON ELECTRIC | COM | 291011104 |  | 1800 | 13500 | SH |  | SOLE |  | 13500 | 0 | 0 |
| ENERGY TRANSFER LP | COM | 29273V100 |  | 18162 | 1001790 | SH |  | SOLE |  | 1001790 | 0 | 0 |
| ENTERPRISE PRODUCTS PARTNERS | COM | 293792107 |  | 19253 | 620870 | SH |  | SOLE |  | 620870 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 292 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| EXELON | COM | 30161N101 |  | 11077 | 255110 | SH |  | SOLE |  | 255110 | 0 | 0 |
| EXPAND ENERGY CORP | COM | 165167735 |  | 100 | 853 | SH |  | SOLE |  | 853 | 0 | 0 |
| EXXON MOBIL | COM | 30231G102 |  | 25495 | 236500 | SH |  | SOLE |  | 236500 | 0 | 0 |
| GENERAL ELECTRIC | COM | 369604301 |  | 23654 | 91900 | SH |  | SOLE |  | 91900 | 0 | 0 |
| GILEAD SCIENCES | COM | 375558103 |  | 7581 | 68380 | SH |  | SOLE |  | 68380 | 0 | 0 |
| GOLDMAN SACHS GROUP | COM | 38141G104 |  | 892 | 1260 | SH |  | SOLE |  | 1260 | 0 | 0 |
| HCA HEALTHCARE | COM | 40412C101 |  | 15516 | 40500 | SH |  | SOLE |  | 40500 | 0 | 0 |
| HOME DEPOT | COM | 437076102 |  | 649 | 1770 | SH |  | SOLE |  | 1770 | 0 | 0 |
| INTL BUSINESS MACHINES | COM | 459200101 |  | 16685 | 56600 | SH |  | SOLE |  | 56600 | 0 | 0 |
| INVESCO NASDAQ 100 ETF | COM | 46138G649 |  | 55088 | 242572 | SH |  | SOLE |  | 242572 | 0 | 0 |
| ISHARES ESG 1-5 YEAR ETF | COM | 46435G243 |  | 2230 | 88579 | SH |  | SOLE |  | 88579 | 0 | 0 |
| ISHARES ESG AWARE USD CORPOR | COM | 46435G193 |  | 826 | 35557 | SH |  | SOLE |  | 35557 | 0 | 0 |
| ISHARES GNMA BOND ETF | COM | 46429B333 |  | 200 | 4553 | SH |  | SOLE |  | 4553 | 0 | 0 |
| ITT | COM | 45073V108 |  | 13142 | 83800 | SH |  | SOLE |  | 83800 | 0 | 0 |
| JACOBS SOLUTIONS | COM | 46982L108 |  | 10687 | 81300 | SH |  | SOLE |  | 81300 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 9913 | 64900 | SH |  | SOLE |  | 64900 | 0 | 0 |
| JPMORGAN CHASE | COM | 46625H100 |  | 50314 | 173550 | SH |  | SOLE |  | 173550 | 0 | 0 |
| LINDE PLC | COM | G54950103 |  | 12058 | 25700 | SH |  | SOLE |  | 25700 | 0 | 0 |
| LOCKHEED MARTIN | COM | 539830109 |  | 11273 | 24340 | SH |  | SOLE |  | 24340 | 0 | 0 |
| MAGELLAN MIDSTREAM PARTNERS | COM | 559080106 |  | 1076 | 15600 | SH |  | SOLE |  | 15600 | 0 | 0 |
| MASTERCARD | COM | 57636Q104 |  | 315 | 560 | SH |  | SOLE |  | 560 | 0 | 0 |
| MCDONALD'S | COM | 580135101 |  | 6457 | 22100 | SH |  | SOLE |  | 22100 | 0 | 0 |
| MCKESSON | COM | 58155Q103 |  | 23669 | 32300 | SH |  | SOLE |  | 32300 | 0 | 0 |
| MERCK  CO | COM | 58933Y105 |  | 294 | 3710 | SH |  | SOLE |  | 3710 | 0 | 0 |
| META PLATFORMS INC | COM | 30303M102 |  | 21043 | 28510 | SH |  | SOLE |  | 28510 | 0 | 0 |
| METLIFE | COM | 59156R108 |  | 13864 | 172400 | SH |  | SOLE |  | 172400 | 0 | 0 |
| MICROCHIP TECHNOLOGY | COM | 595017104 |  | 338 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| MICROSOFT | COM | 594918104 |  | 25084 | 50430 | SH |  | SOLE |  | 50430 | 0 | 0 |
| MONDELEZ INTL | COM | 609207105 |  | 7706 | 114270 | SH |  | SOLE |  | 114270 | 0 | 0 |
| MORGAN STANLEY | COM | 617446448 |  | 26862 | 190700 | SH |  | SOLE |  | 190700 | 0 | 0 |
| NASDAQ STOCK MARKET | COM | 631103108 |  | 11714 | 131000 | SH |  | SOLE |  | 131000 | 0 | 0 |
| NATIONWIDE HEALTH PP | COM | 638620104 |  | 165 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| NETFLIX | COM | 64110L106 |  | 4566 | 3410 | SH |  | SOLE |  | 3410 | 0 | 0 |
| NVIDIA | COM | 67066G104 |  | 5688 | 36000 | SH |  | SOLE |  | 36000 | 0 | 0 |
| ORACLE | COM | 68389X105 |  | 20177 | 92290 | SH |  | SOLE |  | 92290 | 0 | 0 |
| PEPSICO | COM | 713448108 |  | 1215 | 9200 | SH |  | SOLE |  | 9200 | 0 | 0 |
| PETROLEO BRASILEIRO SA | COM | 71654V408 |  | 128 | 10210 | SH |  | SOLE |  | 10210 | 0 | 0 |
| PFIZER | COM | 717081103 |  | 598 | 24680 | SH |  | SOLE |  | 24680 | 0 | 0 |
| PROCTER  GAMBLE | COM | 742718109 |  | 21094 | 132400 | SH |  | SOLE |  | 132400 | 0 | 0 |
| PROLOGIS | COM | 74340W103 |  | 8988 | 85500 | SH |  | SOLE |  | 85500 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 |  | 217 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| QUALCOMM | COM | 747525103 |  | 510 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| QUEST DIAGNOSTICS | COM | 74834L100 |  | 16813 | 93600 | SH |  | SOLE |  | 93600 | 0 | 0 |
| REPUBLIC SERVICES-CL A | COM | 760759100 |  | 444 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| ROYAL CARIBBEAN CRUISES | COM | 002754907 |  | 6733 | 21500 | SH |  | SOLE |  | 21500 | 0 | 0 |
| RTX CORP | COM | 75513E101 |  | 11156 | 76400 | SH |  | SOLE |  | 76400 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 17822 | 33800 | SH |  | SOLE |  | 33800 | 0 | 0 |
| SALESFORCE.COM | COM | 79466L302 |  | 927 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| SERVICE CORP INTL | COM | 817565104 |  | 10558 | 129700 | SH |  | SOLE |  | 129700 | 0 | 0 |
| SIMON PROPERTY GROUP | COM | 828806109 |  | 10554 | 65650 | SH |  | SOLE |  | 65650 | 0 | 0 |
| SPDR PORFOLIO S 500 ETF | COM | 78464A854 |  | 35 | 485 | SH |  | SOLE |  | 485 | 0 | 0 |
| SPDR S REGIONAL BANKING ETF | COM | 78464A698 |  | 24 | 406 | SH |  | SOLE |  | 406 | 0 | 0 |
| SS TECHNOLOGIES HOLDINGS | COM | 78467J100 |  | 18854 | 227700 | SH |  | SOLE |  | 227700 | 0 | 0 |
| STRYKER | COM | 863667101 |  | 21166 | 53500 | SH |  | SOLE |  | 53500 | 0 | 0 |
| TEXAS INSTRUMENTS | COM | 882508104 |  | 478 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| TJX COMPANIES | COM | 872540109 |  | 11657 | 94400 | SH |  | SOLE |  | 94400 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 11460 | 48100 | SH |  | SOLE |  | 48100 | 0 | 0 |
| TRUIST FINANCIAL CORPORATION | COM | 89832Q109 |  | 550 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| UNITEDHEALTH GROUP | COM | 91324P102 |  | 10794 | 34600 | SH |  | SOLE |  | 34600 | 0 | 0 |
| VALLEY NATIONAL BANCORP | COM | 919794107 |  | 4 | 483 | SH |  | SOLE |  | 483 | 0 | 0 |
| VANGUARD S 500 ETF | COM | 922908363 |  | 17302 | 30459 | SH |  | SOLE |  | 30459 | 0 | 0 |
| VERIZON COMMUNICATIONS | COM | 92343V104 |  | 17390 | 401890 | SH |  | SOLE |  | 401890 | 0 | 0 |
| VICI PROPERTIES | COM | 925652109 |  | 207 | 6360 | SH |  | SOLE |  | 6360 | 0 | 0 |
| VISA INC-CL A | COM | 92826C839 |  | 23682 | 66700 | SH |  | SOLE |  | 66700 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 213 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| WAL-MART STORES | COM | 931142103 |  | 20211 | 206700 | SH |  | SOLE |  | 206700 | 0 | 0 |
| WALT DISNEY CO | COM | 254687106 |  | 252 | 2030 | SH |  | SOLE |  | 2030 | 0 | 0 |
| WASTE MANAGEMENT | COM | 94106L109 |  | 275 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| WELLS FARGO | COM | 949746101 |  | 27994 | 349400 | SH |  | SOLE |  | 349400 | 0 | 0 |
| WILLIAMS COS | COM | 969457100 |  | 13363 | 212760 | SH |  | SOLE |  | 212760 | 0 | 0 |

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