Janney Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Janney Capital Management LLC reported 253 stock positions worth $1.6 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 4.7% of the portfolio, followed by SS Technology Select Sector (XLK, 2.5%) and SS Comm Select Sector SPDR (XLC, 2.3%). Compared with Q3 2025, it opened 18 new positions, sold out of 11, added to 62 and reduced 146. The biggest buy was a new position in iShares MSCI Acwi ETF (ACWI) and the biggest sale an exit from Paychex (PAYX).
- Most Recent 13F
- Q4 2025
- Location
- PITTSBURGH, PA
- CIK
- 0001569855
- Portfolio Value
- $1.6B (Q4 2025)
- SEC Filing
- 0001569855-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 253 stocks · $1.6B
| IEFA iShares Core MSCI Eafe ETF | 4.71% | 838,033 | $75.0M | Reduce -2.2% |
| XLK SS Technology Select Sector | 2.48% | 273,794 | $39.4M | Reduce -1.9% |
| XLC SS Comm Select Sector SPDR | 2.26% | 306,029 | $36.0M | Reduce -2.0% |
| MSFT Microsoft Corp. | 2.14% | 70,559 | $34.1M | Reduce -6.8% |
| C Citigroup Inc. | 2.07% | 282,383 | $33.0M | Reduce -6.7% |
| JPM JPMorgan Chase & Co. | 2.03% | 100,097 | $32.3M | Reduce -1.6% |
| AVGO Broadcom Inc. | 2.00% | 91,958 | $31.8M | Reduce -15.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.93% | 101,011 | $30.7M | Reduce -16.1% |
| GLD SPDR Gold Shares | 1.88% | 75,402 | $29.9M | Reduce -2.4% |
| TOTL SS Doubleline TR Tact ETF | 1.70% | 674,136 | $27.1M | Reduce -5.0% |
| IWM iShares Russell 2000 ETF | 1.52% | 98,278 | $24.2M | Reduce -1.6% |
| ITA iShares U.S. Aerospace & Def | 1.41% | 104,562 | $22.4M | Reduce -1.6% |
| JNJ Johnson & Johnson | 1.39% | 106,646 | $22.1M | Reduce -1.8% |
| MCD McDonald's Corp. | 1.37% | 71,205 | $21.8M | Reduce -2.0% |
| CSCO Cisco Systems Inc. | 1.37% | 282,096 | $21.7M | Reduce -1.8% |
| CAT Caterpillar Inc. | 1.35% | 37,449 | $21.5M | Reduce -1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.27% | 68,116 | $20.2M | Reduce -2.0% |
| AAPL Apple Inc. | 1.27% | 74,213 | $20.2M | Reduce -2.4% |
| KBE SS SPDR S&P Bank ETF | 1.22% | 319,806 | $19.4M | Reduce -2.2% |
| MS Morgan Stanley | 1.21% | 108,204 | $19.2M | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 1.20% | 61,135 | $19.1M | Reduce -21.7% |
| ABBV Abbvie Inc. | 1.17% | 81,596 | $18.6M | Reduce -18.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.14% | 426,002 | $18.2M | Reduce -2.3% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 1.09% | 219,596 | $17.3M | Reduce -2.4% |
| GS Goldman Sachs Group Inc. | 1.06% | 19,282 | $16.9M | Reduce -1.0% |
| ACWI iShares MSCI Acwi ETF | 1.04% | 117,339 | $16.6M | New |
| MDT Medtronic PLC | 1.04% | 172,804 | $16.6M | Reduce -2.3% |
| WMT Walmart Inc. | 1.02% | 145,468 | $16.2M | Reduce -1.1% |
| XLY SS Consumer Disc Select Sect | 1.00% | 133,393 | $15.9M | Reduce -2.1% |
| LYG Lloyds Banking Group PLC-ADR | 1.00% | 3,001,295 | $15.9M | Reduce -2.1% |
| GLW Corning Inc. | 0.98% | 177,307 | $15.5M | Reduce -25.1% |
| XLRE SS Real Estate Select Sector | 0.97% | 383,844 | $15.5M | Reduce -2.6% |
| CVX Chevron Corp. | 0.95% | 99,113 | $15.1M | Reduce -9.9% |
| XLE SS Energy Select Sector | 0.88% | 314,840 | $14.1M | Reduce -2.6% |
| V Visa Inc. Class A | 0.88% | 40,041 | $14.0M | Reduce -0.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.84% | 12,452 | $13.3M | Reduce -17.5% |
| SBUX Starbucks Corp. | 0.83% | 156,602 | $13.2M | Reduce -5.3% |
| NVDA Nvidia Corp. | 0.83% | 70,670 | $13.2M | Reduce -11.7% |
| JCPB JPMorgan Core Plus Bond ETF | 0.83% | 278,201 | $13.2M | Reduce -0.5% |
| SPG Simon Property Group Inc. | 0.82% | 70,509 | $13.1M | Reduce -1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.82% | 237,215 | $13.0M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 0.82% | 56,464 | $13.0M | Reduce -0.9% |
| XLP SS Consumer Staples Sel Sect | 0.82% | 167,352 | $13.0M | Reduce -3.2% |
| HD Home Depot Inc. | 0.80% | 36,896 | $12.7M | Reduce -2.6% |
| EXE Expand Energy Corp. | 0.80% | 114,939 | $12.7M | Reduce -1.7% |
| ACN Accenture PLC Class A | 0.78% | 46,445 | $12.5M | Add +22.8% |
| SHOP Shopify Inc. Class A | 0.77% | 76,007 | $12.2M | Reduce -1.0% |
| PM Philip Morris International | 0.76% | 75,792 | $12.2M | Reduce -2.2% |
| ANGL Vaneck Fallen Angel High YLD | 0.75% | 408,708 | $12.0M | Reduce -2.7% |
| TXN Texas Instruments Inc. | 0.75% | 69,001 | $12.0M | Reduce -14.3% |
| EMR Emerson Electric Co. | 0.74% | 89,330 | $11.9M | Reduce -2.0% |
| LLY Eli Lilly & Co. | 0.73% | 10,881 | $11.7M | Reduce -1.3% |
| PG The Procter & Gamble Co. | 0.73% | 81,123 | $11.6M | Reduce -4.2% |
| BBY Best Buy Co. Inc. | 0.72% | 172,285 | $11.5M | Reduce -9.8% |
| NEE Nextera Energy Inc. | 0.71% | 140,582 | $11.3M | Reduce -2.7% |
| SPGI S&P Global Inc. | 0.70% | 21,378 | $11.2M | Add +24.1% |
| VZ Verizon Communications Inc. | 0.69% | 271,379 | $11.1M | Reduce -4.9% |
| VWO Vanguard Ftse Emerging Marke | 0.69% | 202,972 | $10.9M | Reduce -0.0% |
| APD Air Products & Chemicals Inc. | 0.68% | 43,960 | $10.9M | Reduce -7.7% |
| ULTA Ulta Beauty Inc. | 0.67% | 17,587 | $10.6M | Reduce -1.1% |
| PDBC Invesco Optimum Yield Divers | 0.66% | 795,876 | $10.5M | Reduce -3.7% |
| DUK Duke Energy Corp. | 0.66% | 89,746 | $10.5M | Reduce -1.7% |
| VRT Vertiv Holdings Co. Class A | 0.66% | 64,384 | $10.4M | Reduce -25.8% |
| SNOW Snowflake Inc. | 0.65% | 46,865 | $10.3M | Reduce -1.0% |
| SNPS Synopsys Inc. | 0.64% | 21,789 | $10.2M | Reduce -26.9% |
| AMT American Tower Corp. | 0.64% | 57,896 | $10.2M | Reduce -12.4% |
| HON Honeywell International Inc. | 0.63% | 51,672 | $10.1M | Reduce -2.4% |
| DD Dupont DE Nemours Inc. | 0.63% | 249,528 | $10.0M | Add +78.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.62% | 19,733 | $9.9M | Reduce -12.9% |
| DHR Danaher Corp. | 0.62% | 43,261 | $9.9M | Add +35.3% |
| TMO Thermo Fisher Scientific Inc. | 0.61% | 16,683 | $9.7M | Reduce -1.0% |
| IEF iShares 7-10 Year Treasury B | 0.56% | 92,531 | $8.9M | Reduce -2.6% |
| MELI MercadoLibre Inc. | 0.56% | 4,390 | $8.8M | Reduce -0.9% |
| PH Parker Hannifin Corp. | 0.56% | 10,061 | $8.8M | Reduce -22.3% |
| PANW Palo Alto Networks Inc. | 0.55% | 47,561 | $8.8M | Reduce -1.1% |
| LIN Linde PLC | 0.53% | 19,939 | $8.5M | Reduce -1.2% |
| UL Unilever PLC-Sponsored ADR | 0.53% | 128,040 | $8.4M | Reduce -3.7% |
| SHEL Shell PLC-ADR | 0.52% | 113,557 | $8.3M | Reduce -2.1% |
| PWR Quanta Services Inc. | 0.51% | 19,377 | $8.2M | Reduce -0.9% |
| SWK Stanley Black & Decker Inc. | 0.50% | 107,936 | $8.0M | New |
| NOW ServiceNow Inc. | 0.50% | 51,454 | $7.9M | Reduce -1.5% |
| FMX Fomento Economico Mex-SP ADR | 0.49% | 77,656 | $7.8M | Reduce -1.0% |
| NKE Nike Inc. Class B | 0.49% | 123,166 | $7.8M | Add +375.0% |
| HDB HDFC Bank Ltd.-ADR | 0.48% | 209,953 | $7.7M | Add +16.5% |
| TDG Transdigm Group Inc. | 0.46% | 5,491 | $7.3M | New |
| Q Qnity Electronics Inc. | 0.44% | 86,671 | $7.1M | Add +23.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.44% | 15,542 | $7.0M | Reduce -1.1% |
| PDD PDD Holdings Inc. | 0.44% | 62,035 | $7.0M | Reduce -7.0% |
| CPNG Coupang Inc. | 0.43% | 287,616 | $6.8M | Reduce -11.6% |
| ZTS Zoetis Inc. | 0.42% | 52,621 | $6.6M | Reduce -7.4% |
| AON Aon PLC Class A | 0.39% | 17,461 | $6.2M | New |
| SAP Sap SE-Sponsored ADR | 0.35% | 22,828 | $5.5M | Add +2864.7% |
| XOM Exxon Mobil Corp. | 0.34% | 44,409 | $5.3M | Reduce -0.8% |
| HDV iShares Core High Dividend E | 0.33% | 43,035 | $5.2M | Reduce -1.3% |
| VPLS Vanguard Core-Plus Bond ETF | 0.33% | 66,218 | $5.2M | Reduce -2.1% |
| COP Conocophillips | 0.31% | 52,589 | $4.9M | Reduce -1.4% |
| ADBE Adobe Inc. | 0.31% | 14,054 | $4.9M | Reduce -33.8% |
| HUBS HubSpot Inc. | 0.29% | 11,639 | $4.7M | Reduce -24.3% |
| BLK BlackRock Inc. | 0.27% | 4,087 | $4.4M | Reduce -0.1% |
| PINS Pinterest Inc. Class A | 0.26% | 162,189 | $4.2M | Reduce -40.6% |
Portfolio Sells Q3 2025 → Q4 2025
| PAYX Paychex Inc. | Sold out | 0.00% | −0.64 |
| TGT Target Corp. | Reduce -86.3% | 0.11% | −0.63 |
| CB Chubb Ltd. | Reduce -97.1% | 0.01% | −0.39 |
| MSFT Microsoft Corp. | Reduce -6.8% | 2.14% | −0.30 |
| PINS Pinterest Inc. Class A | Reduce -40.6% | 0.26% | −0.28 |
| SNPS Synopsys Inc. | Reduce -26.9% | 0.64% | −0.27 |
| ABBV Abbvie Inc. | Reduce -18.5% | 1.17% | −0.27 |
| GLW Corning Inc. | Reduce -25.1% | 0.98% | −0.23 |
| AVGO Broadcom Inc. | Reduce -15.3% | 2.00% | −0.23 |
| CPNG Coupang Inc. | Reduce -11.6% | 0.43% | −0.23 |
| PRMB Primo Brands Corp. | Reduce -87.3% | 0.02% | −0.20 |
| BBY Best Buy Co. Inc. | Reduce -9.8% | 0.72% | −0.17 |
| TXN Texas Instruments Inc. | Reduce -14.3% | 0.75% | −0.17 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -16.1% | 1.93% | −0.17 |
| VRT Vertiv Holdings Co. Class A | Reduce -25.8% | 0.66% | −0.16 |
| HD Home Depot Inc. | Reduce -2.6% | 0.80% | −0.16 |
| ADBE Adobe Inc. | Reduce -33.8% | 0.31% | −0.16 |
| HUBS HubSpot Inc. | Reduce -24.3% | 0.29% | −0.15 |
| AMT American Tower Corp. | Reduce -12.4% | 0.64% | −0.15 |
| LNG Cheniere Energy Inc. | Reduce -36.7% | 0.16% | −0.14 |
| APD Air Products & Chemicals Inc. | Reduce -7.7% | 0.68% | −0.13 |
| CVX Chevron Corp. | Reduce -9.9% | 0.95% | −0.11 |
| PDD PDD Holdings Inc. | Reduce -7.0% | 0.44% | −0.11 |
| NOW ServiceNow Inc. | Reduce -1.5% | 0.50% | −0.10 |
| ZTS Zoetis Inc. | Reduce -7.4% | 0.42% | −0.10 |
| NVDA Nvidia Corp. | Reduce -11.7% | 0.83% | −0.10 |
| MELI MercadoLibre Inc. | Reduce -0.9% | 0.56% | −0.09 |
| TOTL SS Doubleline TR Tact ETF | Reduce -5.0% | 1.70% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -12.9% | 0.62% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -4.9% | 0.69% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -4.2% | 0.73% | −0.08 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -17.5% | 0.84% | −0.07 |
| LIN Linde PLC | Reduce -1.2% | 0.53% | −0.06 |
| XLRE SS Real Estate Select Sector | Reduce -2.6% | 0.97% | −0.06 |
| HON Honeywell International Inc. | Reduce -2.4% | 0.63% | −0.06 |
| PANW Palo Alto Networks Inc. | Reduce -1.1% | 0.55% | −0.06 |
| PH Parker Hannifin Corp. | Reduce -22.3% | 0.56% | −0.06 |
| SBUX Starbucks Corp. | Reduce -5.3% | 0.83% | −0.04 |
| DUK Duke Energy Corp. | Reduce -1.7% | 0.66% | −0.04 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -2.3% | 1.14% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -0.6% | 0.23% | −0.04 |
| XLC SS Comm Select Sector SPDR | Reduce -2.0% | 2.26% | −0.04 |
| EFX Equifax Inc. | Sold out | 0.00% | −0.03 |
| ADP Automatic Data Processing | Reduce -7.5% | 0.14% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -27.8% | 0.07% | −0.03 |
| PDBC Invesco Optimum Yield Divers | Reduce -3.7% | 0.66% | −0.03 |
| PPG PPG Industries Inc. | Reduce -13.9% | 0.15% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Reduce -3.2% | 0.82% | −0.03 |
| UL Unilever PLC-Sponsored ADR | Reduce -3.7% | 0.53% | −0.03 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -2.7% | 0.75% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| ACWI iShares MSCI Acwi ETF | New | 1.04% | +1.04 |
| SWK Stanley Black & Decker Inc. | New | 0.50% | +0.50 |
| TDG Transdigm Group Inc. | New | 0.46% | +0.46 |
| AON Aon PLC Class A | New | 0.39% | +0.39 |
| NKE Nike Inc. Class B | Add +375.0% | 0.49% | +0.38 |
| SAP Sap SE-Sponsored ADR | Add +2864.7% | 0.35% | +0.34 |
| DHR Danaher Corp. | Add +35.3% | 0.62% | +0.23 |
| ACN Accenture PLC Class A | Add +22.8% | 0.78% | +0.20 |
| SDY SS SPDR S&P Dividend ETF | New | 0.20% | +0.20 |
| SPGI S&P Global Inc. | Add +24.1% | 0.70% | +0.18 |
| IWD iShares Russell 1000 Value E | Add +161.7% | 0.18% | +0.11 |
| HDB HDFC Bank Ltd.-ADR | Add +16.5% | 0.48% | +0.10 |
| Q Qnity Electronics Inc. | Add +23.9% | 0.44% | +0.09 |
| AOK iShares Core 30/70 Conservat | New | 0.04% | +0.04 |
| PFF iShares Preferred & Income S | Add +28.4% | 0.14% | +0.03 |
| EUFN iShares MSCI Europe Financia | New | 0.03% | +0.03 |
| FTSM First Trust Enh Short Mat FD | New | 0.03% | +0.03 |
| AOR iShares Core 60/40 Balanced | New | 0.02% | +0.02 |
| DAVE Dave Inc. | New | 0.02% | +0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +41.3% | 0.06% | +0.02 |
| OS Onestream Inc. | New | 0.02% | +0.02 |
| ADMA Adma Biologics Inc. | New | 0.02% | +0.02 |
| LRCX Lam Research Corp. | Add +1.2% | 0.07% | +0.02 |
| ECH iShares MSCI Chile ETF | New | 0.02% | +0.02 |
| JPST JPMorgan Ultra-Short Income | Add +71.7% | 0.04% | +0.02 |
| ASH Ashland Inc. | New | 0.02% | +0.02 |
| AMTM Amentum Holdings Inc. | New | 0.02% | +0.02 |
| AMGN Amgen Inc. | New | 0.01% | +0.01 |
| CRM Salesforce Inc. | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | New | 0.01% | +0.01 |
| XLV SS Health Care Select Sector | Add +0.2% | 0.11% | +0.01 |
| DXJ Wisdomtree Japan Hedged Eq | Add +38.9% | 0.03% | +0.01 |
| GMED Globus Medical Inc. Class A | Add +1.7% | 0.03% | +0.01 |
| JPIE JPMorgan Income ETF | Add +5.3% | 0.16% | +0.01 |
| CCC CCC Intelligent Solutions Ho | Add +73.3% | 0.02% | +0.01 |
| ECPG Encore Capital Group Inc. | Add +1.7% | 0.03% | +0.01 |
| FTAI Ftai Aviation Ltd. | Add +1.7% | 0.04% | +0.01 |
| NTRA Natera Inc. | Add +1.8% | 0.02% | +0.01 |
| BROS Dutch Bros Inc. Class A | Add +15.3% | 0.02% | +0.01 |
| TOST Toast Inc. Class A | Add +37.0% | 0.02% | +0.01 |
| HCM Hutchmed China-ADR | Add +64.9% | 0.02% | +0.01 |
| ESTC Elastic NV | Add +50.7% | 0.02% | +0.01 |
| BURL Burlington Stores Inc. | Add +1.8% | 0.03% | +0.00 |
| FTI Technipfmc PLC | Add +1.7% | 0.03% | +0.00 |
| MRX Marex UK Holdings Ltd. | Add +1.8% | 0.02% | +0.00 |
| PLMR Palomar Holdings Inc. | Add +1.7% | 0.02% | +0.00 |
| UBS UBS Group AG-Reg | Add +7.1% | 0.02% | +0.00 |
| OPCH Option Care Health Inc. | Add +1.7% | 0.02% | +0.00 |
| ACGL Arch Capital Group Ltd. | Add +4.8% | 0.03% | +0.00 |
| ONON On Holding AG Class A | Add +1.8% | 0.03% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 253 | $1.6B | IEFA, XLK, XLC, MSFT, C |
| Q3 2025 | 244 | $1.6B | IEFA, XLK, MSFT, XLC, AVGO |
| Q2 2025 | 232 | $1.5B | IEFA, MSFT, AVGO, XLK, XLC |
| Q1 2025 | 229 | $1.5B | IEFA, XLC, MSFT, XLK, TOTL |
| Q4 2024 | 242 | $1.5B | IEFA, AVGO, MSFT, XLK, XLC |
| Q3 2024 | 233 | $1.5B | MSFT, XLK, TSM, XLC, TOTL |
| Q2 2024 | 224 | $1.4B | IEFA, MSFT, TSM, XLK, XLC |
| Q1 2024 | 233 | $1.5B | IEFA, MSFT, XLK, XLC, JPM |