Janney Capital Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Janney Capital Management LLC reported 232 stock positions worth $1.5 billion. Its top holding was iShares Core MSCI Eafe ETF (IEFA) at 4.7% of the portfolio, followed by Microsoft (MSFT, 2.7%) and Broadcom (AVGO, 2.5%). Compared with Q1 2025, it opened 8 new positions, sold out of 5, added to 29 and reduced 163. The biggest buy was a new position in Starbucks (SBUX) and the biggest sale UBS Group AG-Reg (UBS, shares −99%).

Most Recent 13F
Q4 2025
Location
PITTSBURGH, PA
CIK
0001569855
Portfolio Value
$1.5B (Q2 2025)
SEC Filing
0001329948-25-000009 ↗ filed Jul 17, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.5B $1.5B Q2 2025 Q3 2025: $1.6B Q3 2025 Q4 2025: $1.6B Q4 2025

Holdings 232 stocks · $1.5B
IEFA iShares Core MSCI Eafe ETF 4.69% 870,937 $72.7M Reduce -2.2%
MSFT Microsoft Corp. 2.66% 82,816 $41.2M Reduce -1.7%
AVGO Broadcom Inc. 2.51% 141,137 $38.9M Reduce -4.4%
XLK SS Technology Select Sector 2.35% 143,864 $36.4M Reduce -3.0%
XLC SS Comm Select Sector SPDR 2.26% 322,485 $35.0M Reduce -3.4%
JPM JPMorgan Chase & Co. 2.10% 112,017 $32.5M Reduce -1.4%
TSM Taiwan Semiconductor-SP ADR 2.02% 138,522 $31.4M Reduce -1.9%
C Citigroup Inc. 1.94% 352,792 $30.0M Reduce -1.4%
TOTL SS Doubleline TR Tact ETF 1.87% 721,102 $28.9M Reduce -1.7%
GLD SPDR Gold Shares 1.58% 80,222 $24.5M Reduce -4.0%
IWM iShares Russell 2000 ETF 1.42% 102,312 $22.1M Reduce -2.7%
MCD McDonald's Corp. 1.35% 71,840 $21.0M Reduce -1.4%
ITA iShares U.S. Aerospace & Def 1.32% 108,569 $20.5M Reduce -2.6%
CSCO Cisco Systems Inc. 1.30% 289,544 $20.1M Reduce -1.1%
KBE SS SPDR S&P Bank ETF 1.22% 338,079 $18.9M Reduce -3.8%
ABBV Abbvie Inc. 1.20% 100,597 $18.7M Reduce -1.0%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.19% 226,276 $18.5M Reduce -3.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.15% 60,662 $17.9M Reduce -0.9%
GS Goldman Sachs Group Inc. 1.12% 24,557 $17.4M Reduce -1.2%
XLRE SS Real Estate Select Sector 1.09% 406,381 $16.8M Reduce -3.3%
CVX Chevron Corp. 1.03% 111,620 $16.0M Reduce -1.2%
MS Morgan Stanley 1.03% 113,400 $16.0M Reduce -1.2%
AAPL Apple Inc. 1.02% 77,234 $15.8M Reduce -1.4%
MDT Medtronic PLC 1.01% 178,801 $15.6M Reduce -1.3%
XLY SS Consumer Disc Select Sect 0.99% 70,546 $15.3M Reduce -3.2%
CAT Caterpillar Inc. 0.96% 38,299 $14.9M Reduce -1.3%
TXN Texas Instruments Inc. 0.95% 70,991 $14.7M Reduce -1.0%
V Visa Inc. Class A 0.95% 41,450 $14.7M Reduce -1.7%
WMT Walmart Inc. 0.94% 149,360 $14.6M Reduce -1.0%
VRT Vertiv Holdings Co. Class A 0.94% 113,667 $14.6M Reduce -1.7%
XLP SS Consumer Staples Sel Sect 0.94% 179,367 $14.5M Reduce -3.8%
PM Philip Morris International 0.92% 78,269 $14.3M Reduce -1.8%
XLE SS Energy Select Sector 0.92% 167,974 $14.2M Reduce -3.9%
GOOGL Alphabet Inc. Class A 0.92% 80,587 $14.2M Reduce -2.9%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.90% 228,266 $13.9M Reduce -1.8%
EXE Expand Energy Corp. 0.89% 117,337 $13.7M Reduce -1.3%
JNJ Johnson & Johnson 0.87% 88,716 $13.6M Reduce -0.8%
PG The Procter & Gamble Co. 0.87% 85,031 $13.5M Reduce -0.6%
APD Air Products & Chemicals Inc. 0.87% 47,809 $13.5M Reduce -1.1%
LYG Lloyds Banking Group PLC-ADR 0.85% 3,115,690 $13.2M Reduce -1.8%
HD Home Depot Inc. 0.85% 35,994 $13.2M Reduce -1.4%
JCPB JPMorgan Core Plus Bond ETF 0.85% 280,032 $13.2M Reduce -1.9%
TGT Target Corp. 0.85% 133,211 $13.1M Reduce -1.5%
NVDA Nvidia Corp. 0.84% 82,593 $13.0M Reduce -1.8%
BBY Best Buy Co. Inc. 0.84% 193,182 $13.0M Add +15.3%
AMZN Amazon.com Inc. 0.83% 58,766 $12.9M Add +8.1%
HON Honeywell International Inc. 0.81% 53,993 $12.6M Reduce -1.0%
ANGL Vaneck Fallen Angel High YLD 0.81% 429,100 $12.6M Reduce -1.9%
ASML ASML Holding NV-NY Reg SHS 0.81% 15,577 $12.5M Add +13.9%
VZ Verizon Communications Inc. 0.80% 286,669 $12.4M Reduce -1.0%
ANSS Ansys Inc. 0.80% 35,263 $12.4M Reduce -10.2%
EMR Emerson Electric Co. 0.78% 91,083 $12.1M Reduce -0.7%
MELI MercadoLibre Inc. 0.77% 4,566 $11.9M Reduce -1.6%
PAYX Paychex Inc. 0.77% 81,695 $11.9M Reduce -1.7%
SPG Simon Property Group Inc. 0.75% 72,202 $11.6M Reduce -1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.74% 243,042 $11.5M Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B 0.73% 23,350 $11.3M Add +34.0%
PDBC Invesco Optimum Yield Divers 0.72% 858,513 $11.2M Reduce -3.9%
NOW ServiceNow Inc. 0.71% 10,722 $11.0M Reduce -1.9%
DUK Duke Energy Corp. 0.71% 92,809 $11.0M Reduce -0.5%
SNOW Snowflake Inc. 0.71% 48,845 $10.9M Reduce -19.7%
AMT American Tower Corp. 0.69% 48,707 $10.8M Reduce -1.2%
SBUX Starbucks Corp. 0.69% 116,386 $10.7M New
PWR Quanta Services Inc. 0.66% 26,862 $10.2M Reduce -1.7%
VWO Vanguard Ftse Emerging Marke 0.65% 204,689 $10.1M Reduce -1.6%
UPS United Parcel Service Class B 0.65% 100,175 $10.1M Reduce -1.1%
PINS Pinterest Inc. Class A 0.65% 281,722 $10.1M Reduce -1.7%
CPNG Coupang Inc. 0.65% 335,927 $10.1M Add +29.5%
NEE Nextera Energy Inc. 0.65% 144,592 $10.0M Reduce -0.7%
NVO Novo-Nordisk A/S-Spons ADR 0.64% 143,089 $9.9M New
GLW Corning Inc. 0.64% 187,564 $9.9M Reduce -1.8%
DD Dupont DE Nemours Inc. 0.63% 142,485 $9.8M Reduce -0.9%
LIN Linde PLC 0.63% 20,784 $9.8M Reduce -1.9%
SNPS Synopsys Inc. 0.62% 18,662 $9.6M Reduce -1.8%
PH Parker Hannifin Corp. 0.60% 13,368 $9.3M Reduce -1.7%
ACN Accenture PLC Class A 0.60% 31,175 $9.3M Reduce -1.8%
IEF iShares 7-10 Year Treasury B 0.60% 97,057 $9.3M Reduce -1.9%
ZTS Zoetis Inc. 0.60% 59,176 $9.2M Reduce -1.8%
SHOP Shopify Inc. Class A 0.59% 79,282 $9.1M Add +39.4%
LLY Eli Lilly & Co. 0.58% 11,487 $9.0M Reduce -1.7%
ULTA Ulta Beauty Inc. 0.55% 18,329 $8.6M Reduce -1.9%
ADBE Adobe Inc. 0.55% 22,147 $8.6M Reduce -1.6%
PANW Palo Alto Networks Inc. 0.55% 41,477 $8.5M Reduce -1.9%
FMX Fomento Economico Mex-SP ADR 0.54% 80,981 $8.3M Reduce -1.7%
SHEL Shell PLC-ADR 0.53% 117,622 $8.3M Reduce -1.8%
SPGI S&P Global Inc. 0.53% 15,520 $8.2M Reduce -1.9%
PDD PDD Holdings Inc. 0.47% 69,561 $7.3M Reduce -1.7%
VRTX Vertex Pharmaceuticals Inc. 0.47% 16,231 $7.2M Reduce -1.7%
HDB HDFC Bank Ltd.-ADR 0.46% 93,255 $7.2M Reduce -2.3%
TMO Thermo Fisher Scientific Inc. 0.45% 17,351 $7.0M Reduce -3.2%
CB Chubb Ltd. 0.44% 23,798 $6.9M Reduce -2.2%
DHR Danaher Corp. 0.42% 32,969 $6.5M Reduce -1.9%
HUBS HubSpot Inc. 0.41% 11,409 $6.4M Reduce -1.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.35% 161,064 $5.4M Reduce -0.8%
VPLS Vanguard Core-Plus Bond ETF 0.35% 69,284 $5.4M Reduce -2.1%
HDV iShares Core High Dividend E 0.33% 43,393 $5.1M Reduce -0.6%
COP Conocophillips 0.32% 55,256 $5.0M Reduce -1.3%
XOM Exxon Mobil Corp. 0.31% 44,720 $4.8M Reduce -0.5%
BLK BlackRock Inc. 0.27% 3,981 $4.2M Add +3.9%
ETN Eaton Corp. PLC 0.26% 11,358 $4.1M Add +2.5%

Show all 232 holdings

Portfolio Sells Q1 2025 → Q2 2025
UBS UBS Group AG-Reg Reduce -98.6% 0.01% −0.91
UNH Unitedhealth Group Inc. Reduce -67.0% 0.13% −0.59
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.41
CVX Chevron Corp. Reduce -1.2% 1.03% −0.27
ABBV Abbvie Inc. Reduce -1.0% 1.20% −0.26
MCD McDonald's Corp. Reduce -1.4% 1.35% −0.21
XLE SS Energy Select Sector Reduce -3.9% 0.92% −0.20
AAPL Apple Inc. Reduce -1.4% 1.02% −0.17
TOTL SS Doubleline TR Tact ETF Reduce -1.7% 1.87% −0.17
TMO Thermo Fisher Scientific Inc. Reduce -3.2% 0.45% −0.16
JNJ Johnson & Johnson Reduce -0.8% 0.87% −0.15
PG The Procter & Gamble Co. Reduce -0.6% 0.87% −0.13
XLRE SS Real Estate Select Sector Reduce -3.3% 1.09% −0.12
TGT Target Corp. Reduce -1.5% 0.85% −0.12
SLB SLB Ltd. Reduce -0.8% 0.35% −0.12
PAYX Paychex Inc. Reduce -1.7% 0.77% −0.12
PDBC Invesco Optimum Yield Divers Reduce -3.9% 0.72% −0.12
UPS United Parcel Service Class B Reduce -1.1% 0.65% −0.11
MDT Medtronic PLC Reduce -1.3% 1.01% −0.11
XLP SS Consumer Staples Sel Sect Reduce -3.8% 0.94% −0.11
APD Air Products & Chemicals Inc. Reduce -1.1% 0.87% −0.11
DD Dupont DE Nemours Inc. Reduce -0.9% 0.63% −0.11
PDD PDD Holdings Inc. Reduce -1.7% 0.47% −0.11
VZ Verizon Communications Inc. Reduce -1.0% 0.80% −0.10
ZTS Zoetis Inc. Reduce -1.8% 0.60% −0.09
SPG Simon Property Group Inc. Reduce -1.3% 0.75% −0.09
LLY Eli Lilly & Co. Reduce -1.7% 0.58% −0.09
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -3.9% 1.19% −0.09
COP Conocophillips Reduce -1.3% 0.32% −0.08
VRTX Vertex Pharmaceuticals Inc. Reduce -1.7% 0.47% −0.08
ACN Accenture PLC Class A Reduce -1.8% 0.60% −0.08
GLD SPDR Gold Shares Reduce -4.0% 1.58% −0.08
DUK Duke Energy Corp. Reduce -0.5% 0.71% −0.08
JCPB JPMorgan Core Plus Bond ETF Reduce -1.9% 0.85% −0.07
SHEL Shell PLC-ADR Reduce -1.8% 0.53% −0.07
HD Home Depot Inc. Reduce -1.4% 0.85% −0.07
V Visa Inc. Class A Reduce -1.7% 0.95% −0.07
KBE SS SPDR S&P Bank ETF Reduce -3.8% 1.22% −0.06
NEE Nextera Energy Inc. Reduce -0.7% 0.65% −0.06
CB Chubb Ltd. Reduce -2.2% 0.44% −0.06
ANGL Vaneck Fallen Angel High YLD Reduce -1.9% 0.81% −0.06
XOM Exxon Mobil Corp. Reduce -0.5% 0.31% −0.06
ANSS Ansys Inc. Reduce -10.2% 0.80% −0.06
DHR Danaher Corp. Reduce -1.9% 0.42% −0.05
IEF iShares 7-10 Year Treasury B Reduce -1.9% 0.60% −0.05
LIN Linde PLC Reduce -1.9% 0.63% −0.05
HUBS HubSpot Inc. Reduce -1.7% 0.41% −0.05
AMT American Tower Corp. Reduce -1.2% 0.69% −0.04
ADBE Adobe Inc. Reduce -1.6% 0.55% −0.04
HDV iShares Core High Dividend E Reduce -0.6% 0.33% −0.04

Portfolio Buys Q1 2025 → Q2 2025
SBUX Starbucks Corp. New 0.69% +0.69
NVO Novo-Nordisk A/S-Spons ADR New 0.64% +0.64
CPNG Coupang Inc. Add +29.5% 0.65% +0.26
SHOP Shopify Inc. Class A Add +39.4% 0.59% +0.22
ASML ASML Holding NV-NY Reg SHS Add +13.9% 0.81% +0.18
AMZN Amazon.com Inc. Add +8.1% 0.83% +0.12
BRK.B Berkshire Hathaway Inc. Class B Add +34.0% 0.73% +0.09
ETN Eaton Corp. PLC Add +2.5% 0.26% +0.05
GXO Gxo Logistics Inc. New 0.02% +0.02
BROS Dutch Bros Inc. Class A New 0.02% +0.02
FTAI Ftai Aviation Ltd. New 0.02% +0.02
ITW Illinois Tool Works New 0.02% +0.02
BLK BlackRock Inc. Add +3.9% 0.27% +0.02
IYW iShares Ustechnology ETF New 0.02% +0.02
DXJ Wisdomtree Japan Hedged Eq New 0.01% +0.01
ADI Analog Devices Inc. Add +1.7% 0.12% +0.01
QXO Qxo Inc. Add +20.5% 0.02% +0.01
BIL SS SPDR BB 1-3M T-Bill ETF Add +42.7% 0.04% +0.01
VGK Vanguard Ftse Europe ETF Add +11.3% 0.03% +0.00
BX Blackstone Inc. Add +11.5% 0.04% +0.00
FXI iShares China Large-Cap ETF Add +12.0% 0.02% +0.00
AMGN Amgen Inc. Add +27.6% 0.02% +0.00
CME Cme Group Inc. Add +1.8% 0.20% −0.00
KMI Kinder Morgan Inc. Add +1.9% 0.20% −0.00
UNP Union Pacific Corp. Add +2.2% 0.04% −0.00
SYY Sysco Corp. Add +1.7% 0.13% −0.00
ADP Automatic Data Processing Add +1.4% 0.18% −0.01
TJX TJX Companies Inc. Add +1.7% 0.23% −0.01
MET Metlife Inc. Add +2.0% 0.20% −0.01
CMCSA Comcast Corp. Class A Add +1.7% 0.12% −0.01
BBY Best Buy Co. Inc. Add +15.3% 0.84% −0.01
MRK Merck & Co. Inc. Add +2.2% 0.07% −0.01
KO The Coca-Cola Co. Add +1.2% 0.21% −0.01
PLD Prologis Inc. Add +2.0% 0.13% −0.01
ALL Allstate Corp. Add +1.6% 0.25% −0.02
PEP Pepsico Inc. Add +1.9% 0.18% −0.03
BMY Bristol-Myers Squibb Co. Add +1.7% 0.12% −0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 253$1.6BIEFA, XLK, XLC, MSFT, C
Q3 2025 244$1.6BIEFA, XLK, MSFT, XLC, AVGO
Q2 2025 232$1.5BIEFA, MSFT, AVGO, XLK, XLC
Q1 2025 229$1.5BIEFA, XLC, MSFT, XLK, TOTL
Q4 2024 242$1.5BIEFA, AVGO, MSFT, XLK, XLC
Q3 2024 233$1.5BMSFT, XLK, TSM, XLC, TOTL
Q2 2024 224$1.4BIEFA, MSFT, TSM, XLK, XLC
Q1 2024 233$1.5BIEFA, MSFT, XLK, XLC, JPM