Sand Hill Global Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Sand Hill Global Advisors, LLC reported 194 stock positions worth $2.4 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 10.6% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 9.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 8.4%). Compared with Q4 2024, it opened 21 new positions, sold out of 15, added to 62 and reduced 76. The biggest buy was Vanguard Intermediate-Term T (VGIT, shares +1735%) and the biggest sale iShares US Treasury Bond ETF (GOVT, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001009209
- Portfolio Value
- $2.4B (Q1 2025)
- SEC Filing
- 0001580642-25-003091 ↗ filed May 13, 2025
Holdings Value
Holdings 194 stocks · $2.4B
| VOO Vanguard S&P 500 ETF | 10.63% | 502,081 | $258.0M | Add +3.1% |
| EFA iShares MSCI Eafe ETF | 9.51% | 2,825,948 | $231.0M | Add +3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 8.43% | 366,050 | $204.8M | Reduce -1.6% |
| VWO Vanguard Ftse Emerging Marke | 6.07% | 3,257,475 | $147.4M | Add +1.8% |
| IJH iShares Core S&P Midcap ETF | 5.42% | 2,253,629 | $131.5M | Add +2.5% |
| IWM iShares Russell 2000 ETF | 5.29% | 643,941 | $128.5M | Add +1.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.63% | 1,709,685 | $112.4M | Add +2.8% |
| VNQ Vanguard Real Estate ETF | 3.15% | 844,384 | $76.5M | Add +1.0% |
| RSP Invesco S&P 500 Equal Weight | 3.02% | 423,086 | $73.3M | Add +2.1% |
| VGIT Vanguard Intermediate-Term T | 2.63% | 1,075,390 | $63.9M | Add +1735.0% |
| QQQ Invesco QQQ Trust Series 1 | 2.62% | 135,643 | $63.6M | Add +1854.2% |
| AGG iShares Core U.S. Aggregate | 2.58% | 632,270 | $62.5M | Reduce -4.3% |
| IVV iShares Core S&P 500 ETF | 2.32% | 100,251 | $56.3M | Reduce -0.9% |
| BOND PIMCO Active Bond Exchange-T | 1.94% | 508,647 | $47.0M | Reduce -3.6% |
| AAPL Apple Inc. | 1.33% | 145,110 | $32.2M | Add +1.8% |
| NVDA Nvidia Corp. | 1.07% | 238,918 | $25.9M | Reduce -10.5% |
| MSFT Microsoft Corp. | 1.03% | 66,503 | $25.0M | Add +2.4% |
| AMZN Amazon.com Inc. | 0.98% | 125,435 | $23.9M | Add +19.3% |
| ESGU iShares ESG Aware MSCI USA | 0.86% | 171,541 | $20.9M | Add +1.7% |
| JPM JPMorgan Chase & Co. | 0.85% | 84,110 | $20.6M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 0.82% | 34,575 | $19.9M | Reduce -1.9% |
| ICSH iShares Ultra Short Duration | 0.81% | 387,149 | $19.6M | Add +27.4% |
| V Visa Inc. Class A | 0.74% | 50,968 | $17.9M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 0.72% | 113,324 | $17.5M | Reduce -11.0% |
| VEA Vanguard Ftse Developed ETF | 0.68% | 323,943 | $16.5M | Reduce -1.8% |
| JPST JPMorgan Ultra-Short Income | 0.64% | 309,225 | $15.7M | Add +34.0% |
| PULS Pgim Ultra Short Bond ETF | 0.64% | 311,846 | $15.5M | Add +34.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.62% | 19 | $15.2M | New |
| IYR iShares US Real Estate ETF | 0.58% | 145,982 | $14.0M | Reduce -4.8% |
| DOCS Doximity Inc. Class A | 0.57% | 240,301 | $13.9M | Add +281.4% |
| VEEV Veeva Systems Inc. Class A | 0.50% | 52,869 | $12.2M | Add +8.3% |
| ESML iShares ESG Aware MSCI USA S | 0.50% | 314,368 | $12.1M | Add +2.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 89,880 | $10.9M | Add +0.5% |
| CVX Chevron Corp. | 0.43% | 62,090 | $10.4M | Add +1.9% |
| CME Cme Group Inc. | 0.42% | 38,461 | $10.2M | Reduce -0.7% |
| ESGD iShares Trust iShares ESG Aw | 0.41% | 120,388 | $9.8M | Add +2.8% |
| PH Parker Hannifin Corp. | 0.40% | 15,980 | $9.7M | Reduce -0.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.40% | 43,606 | $9.7M | Add +16.2% |
| MUB iShares National Muni Bond E | 0.40% | 90,941 | $9.6M | Reduce -29.3% |
| DASH DoorDash Inc. Class A | 0.39% | 52,212 | $9.5M | No change |
| ZM Zoom Communications Inc. | 0.38% | 123,610 | $9.1M | No change |
| PG The Procter & Gamble Co. | 0.37% | 52,831 | $9.0M | Add +1.5% |
| SYK Stryker Corp. | 0.36% | 23,458 | $8.7M | Reduce -0.3% |
| BLK BlackRock Inc. | 0.36% | 9,226 | $8.7M | Add +0.8% |
| ECL Ecolab Inc. | 0.34% | 32,983 | $8.4M | Reduce -1.5% |
| JNJ Johnson & Johnson | 0.34% | 49,890 | $8.3M | Reduce -4.4% |
| ABT Abbott Laboratories | 0.34% | 61,602 | $8.2M | Reduce -2.8% |
| CRM Salesforce Inc. | 0.33% | 29,701 | $8.0M | Reduce -23.9% |
| ADSK Autodesk Inc. | 0.32% | 29,302 | $7.7M | Add +0.3% |
| WM Waste Management Inc. | 0.31% | 32,714 | $7.6M | Add +0.9% |
| HON Honeywell International Inc. | 0.31% | 35,605 | $7.5M | Add +0.2% |
| PANW Palo Alto Networks Inc. | 0.30% | 42,485 | $7.2M | Reduce -0.5% |
| LLY Eli Lilly & Co. | 0.29% | 8,612 | $7.1M | Add +0.5% |
| BKNG Booking Holdings Inc. | 0.27% | 1,447 | $6.7M | Reduce -0.3% |
| AEP American Electric Power | 0.27% | 60,147 | $6.6M | Add +2.1% |
| MDY State Street SPDR S&P Midcap | 0.27% | 12,219 | $6.5M | Reduce -0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 23,593 | $6.5M | Reduce -5.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 65,000 | $6.4M | Add +1.2% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.26% | 115,173 | $6.4M | No change |
| MUNI PIMCO Intermediate Municipal | 0.26% | 122,362 | $6.3M | Reduce -19.6% |
| AVGO Broadcom Inc. | 0.26% | 37,466 | $6.3M | Add +1089.4% |
| ACN Accenture PLC Class A | 0.26% | 19,862 | $6.2M | Add +0.6% |
| KMB Kimberly-Clark Corp. | 0.24% | 40,938 | $5.8M | New |
| EEM iShares MSCI Emerging Market | 0.24% | 131,329 | $5.7M | Reduce -5.8% |
| LNG Cheniere Energy Inc. | 0.23% | 23,773 | $5.5M | Add +1.4% |
| DHR Danaher Corp. | 0.22% | 25,651 | $5.3M | Reduce -1.3% |
| EAGG iShares ESG Aware US Aggrega | 0.21% | 109,703 | $5.2M | Add +7.5% |
| TSLA Tesla Inc. | 0.21% | 19,535 | $5.1M | Reduce -2.4% |
| INTU Intuit Inc. | 0.19% | 7,618 | $4.7M | Reduce -0.6% |
| ACWI iShares MSCI Acwi ETF | 0.19% | 39,577 | $4.6M | No change |
| PLD Prologis Inc. | 0.19% | 40,380 | $4.5M | Add +2.8% |
| ETN Eaton Corp. PLC | 0.19% | 16,553 | $4.5M | Reduce -1.1% |
| ADBE Adobe Inc. | 0.18% | 11,088 | $4.3M | Reduce -40.3% |
| SNOW Snowflake Inc. | 0.17% | 28,163 | $4.1M | New |
| WYNN WYNN Resorts Ltd. | 0.17% | 48,335 | $4.0M | Add +84.8% |
| NEM Newmont Corp. | 0.16% | 82,702 | $4.0M | Add +1.1% |
| ESGE iShares Inc. iShares ESG Awar | 0.16% | 112,755 | $3.9M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 7,115 | $3.8M | Reduce -3.7% |
| TGT Target Corp. | 0.15% | 35,607 | $3.7M | Add +2010.7% |
| SCHX Schwab US Large-Cap ETF | 0.15% | 165,881 | $3.7M | No change |
| DFUS Dimensional US Eq MKT ETF | 0.15% | 59,872 | $3.6M | No change |
| GOOG Alphabet Inc. Class C | 0.15% | 23,013 | $3.6M | Add +26.4% |
| COST Costco Wholesale Corp. | 0.14% | 3,642 | $3.4M | Reduce -1.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.14% | 6,925 | $3.4M | New |
| IWB iShares Russell 1000 ETF | 0.13% | 10,663 | $3.3M | Reduce -0.7% |
| ZTS Zoetis Inc. | 0.13% | 19,163 | $3.2M | Add +6.1% |
| IWV iShares Russell 3000 ETF | 0.13% | 9,881 | $3.1M | Reduce -0.5% |
| ETR Entergy Corp. | 0.11% | 31,861 | $2.7M | New |
| QQMG Invesco ESG Nasdaq 100 | 0.10% | 80,009 | $2.5M | New |
| HD Home Depot Inc. | 0.10% | 6,691 | $2.5M | Add +4.4% |
| SCHF Schwab Intl Equity ETF | 0.10% | 121,062 | $2.4M | No change |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.09% | 77,629 | $2.3M | New |
| IWO iShares Russell 2000 Growth | 0.09% | 8,985 | $2.3M | Add +3.0% |
| PGR Progressive Corp. | 0.09% | 7,942 | $2.2M | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 42,186 | $2.1M | Reduce -40.9% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.08% | 7,938 | $2.0M | No change |
| ITOT iShares Core S&P Total U.S. | 0.08% | 16,672 | $2.0M | No change |
| XLV SS Health Care Select Sector | 0.08% | 13,715 | $2.0M | Reduce -7.3% |
| XOM Exxon Mobil Corp. | 0.08% | 15,624 | $1.9M | Reduce -7.6% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 9,035 | $1.8M | Add +11.6% |
Portfolio Sells Q4 2024 → Q1 2025
| GOVT iShares US Treasury Bond ETF | Reduce -98.6% | 0.02% | −1.50 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −0.93 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.6% | 8.43% | −0.79 |
| VGSH Vanguard Short-Term Treasury | Reduce -93.3% | 0.03% | −0.49 |
| NVDA Nvidia Corp. | Reduce -10.5% | 1.07% | −0.45 |
| GOOGL Alphabet Inc. Class A | Reduce -11.0% | 0.72% | −0.30 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.24 |
| CRM Salesforce Inc. | Reduce -23.9% | 0.33% | −0.22 |
| IVV iShares Core S&P 500 ETF | Reduce -0.9% | 2.32% | −0.20 |
| MUB iShares National Muni Bond E | Reduce -29.3% | 0.40% | −0.19 |
| ADBE Adobe Inc. | Reduce -40.3% | 0.18% | −0.17 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.17 |
| TSLA Tesla Inc. | Reduce -2.4% | 0.21% | −0.13 |
| AGG iShares Core U.S. Aggregate | Reduce -4.3% | 2.58% | −0.13 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.10 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.10 |
| BOND PIMCO Active Bond Exchange-T | Reduce -3.6% | 1.94% | −0.08 |
| MUNI PIMCO Intermediate Municipal | Reduce -19.6% | 0.26% | −0.07 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -40.9% | 0.09% | −0.07 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -1.9% | 0.82% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -1.1% | 0.19% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -5.3% | 0.27% | −0.04 |
| DHR Danaher Corp. | Reduce -1.3% | 0.22% | −0.04 |
| PH Parker Hannifin Corp. | Reduce -0.6% | 0.40% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -0.3% | 0.27% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -0.5% | 0.30% | −0.03 |
| IYR iShares US Real Estate ETF | Reduce -4.8% | 0.58% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -0.0% | 0.27% | −0.03 |
| COMT iShares Gsci Commodity Dynam | Reduce -42.3% | 0.03% | −0.02 |
| PDBC Invesco Optimum Yield Divers | Sold out | 0.00% | −0.02 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.8% | 0.85% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -16.0% | 0.04% | −0.02 |
| GVI iShares Intermediate Governm | Sold out | 0.00% | −0.01 |
| HTGC Hercules Capital Inc. | Reduce -52.0% | 0.01% | −0.01 |
| BIV Vanguard Intermediate-Term B | Sold out | 0.00% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -0.7% | 0.13% | −0.01 |
| INTU Intuit Inc. | Reduce -0.6% | 0.19% | −0.01 |
| IWV iShares Russell 3000 ETF | Reduce -0.5% | 0.13% | −0.01 |
| EEM iShares MSCI Emerging Market | Reduce -5.8% | 0.24% | −0.01 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.01 |
| BRKR Bruker Corp. | Sold out | 0.00% | −0.01 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -26.2% | 0.02% | −0.01 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.01 |
| IAT iShares US Regional Banks Et | Sold out | 0.00% | −0.01 |
| ORCL Oracle Corp. | Reduce -4.2% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -11.9% | 0.05% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -27.6% | 0.01% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -0.3% | 0.04% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VGIT Vanguard Intermediate-Term T | Add +1735.0% | 2.63% | +2.49 |
| QQQ Invesco QQQ Trust Series 1 | Add +1854.2% | 2.62% | +2.47 |
| EFA iShares MSCI Eafe ETF | Add +3.5% | 9.51% | +0.78 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.62% | +0.62 |
| DOCS Doximity Inc. Class A | Add +281.4% | 0.57% | +0.43 |
| KMB Kimberly-Clark Corp. | New | 0.24% | +0.24 |
| AVGO Broadcom Inc. | Add +1089.4% | 0.26% | +0.23 |
| SNOW Snowflake Inc. | New | 0.17% | +0.17 |
| ICSH iShares Ultra Short Duration | Add +27.4% | 0.81% | +0.16 |
| JPST JPMorgan Ultra-Short Income | Add +34.0% | 0.64% | +0.15 |
| PULS Pgim Ultra Short Bond ETF | Add +34.5% | 0.64% | +0.15 |
| TGT Target Corp. | Add +2010.7% | 0.15% | +0.14 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.14% | +0.14 |
| ETR Entergy Corp. | New | 0.11% | +0.11 |
| VWO Vanguard Ftse Emerging Marke | Add +1.8% | 6.07% | +0.11 |
| QQMG Invesco ESG Nasdaq 100 | New | 0.10% | +0.10 |
| BUFR FT Vest Lad Buffervetf-Usd I | New | 0.09% | +0.09 |
| WYNN WYNN Resorts Ltd. | Add +84.8% | 0.17% | +0.07 |
| VEEV Veeva Systems Inc. Class A | Add +8.3% | 0.50% | +0.07 |
| CVX Chevron Corp. | Add +1.9% | 0.43% | +0.05 |
| FIXD First Trust Smith Opportunis | New | 0.05% | +0.05 |
| AEP American Electric Power | Add +2.1% | 0.27% | +0.04 |
| NEM Newmont Corp. | Add +1.1% | 0.16% | +0.04 |
| WM Waste Management Inc. | Add +0.9% | 0.31% | +0.04 |
| FTSL First Trust Senior Loan ETF | New | 0.03% | +0.03 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +178.6% | 0.05% | +0.03 |
| VXUS Vanguard Total Intl Stock | New | 0.03% | +0.03 |
| ESGD iShares Trust iShares ESG Aw | Add +2.8% | 0.41% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +50.3% | 0.07% | +0.02 |
| DFAC Dimensional US Core Equity 2 | Add +102.0% | 0.04% | +0.02 |
| COUR Coursera Inc. | New | 0.02% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +16.2% | 0.40% | +0.02 |
| EAGG iShares ESG Aware US Aggrega | Add +7.5% | 0.21% | +0.01 |
| LNG Cheniere Energy Inc. | Add +1.4% | 0.23% | +0.01 |
| LLY Eli Lilly & Co. | Add +0.5% | 0.29% | +0.01 |
| FTSM First Trust Enh Short Mat FD | New | 0.01% | +0.01 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.01% | +0.01 |
| PLD Prologis Inc. | Add +2.8% | 0.19% | +0.01 |
| ABBV Abbvie Inc. | Add +3.1% | 0.06% | +0.01 |
| AMGN Amgen Inc. | New | 0.01% | +0.01 |
| FPE FT-Preferred Secur & Inc. ETF | New | 0.01% | +0.01 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.01% | +0.01 |
| NEE Nextera Energy Inc. | New | 0.01% | +0.01 |
| DUK Duke Energy Corp. | New | 0.01% | +0.01 |
| FAST Fastenal Co. | New | 0.01% | +0.01 |
| O Realty Income Corp. | New | 0.01% | +0.01 |
| MCD McDonald's Corp. | Add +24.4% | 0.03% | +0.01 |
| NFLX Netflix Inc. | Add +13.9% | 0.05% | +0.01 |
| AMZN Amazon.com Inc. | Add +19.3% | 0.98% | +0.01 |
| BND Vanguard Total Bond Market | Add +34.7% | 0.02% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 214 | $3.3B | VOO, EFA, SPY, VNQ, SPYM |
| Q1 2026 | 204 | $3.0B | VOO, EFA, SPY, VWO, IJH |
| Q4 2025 | 197 | $2.9B | VOO, EFA, SPY, VWO, IJH |
| Q3 2025 | 199 | $2.8B | VOO, EFA, SPY, VWO, VNQ |
| Q2 2025 | 202 | $2.7B | VOO, EFA, SPY, VWO, IJH |
| Q1 2025 | 194 | $2.4B | VOO, EFA, SPY, VWO, IJH |
| Q4 2024 | 188 | $2.4B | VOO, SPY, EFA, VWO, IWM |
| Q3 2024 | 195 | $2.4B | VOO, EFA, SPY, VWO, IWM |
| Q2 2024 | 189 | $2.2B | VOO, SPY, EFA, VWO, IWM |
| Q1 2024 | 162 | $2.1B | VOO, EFA, SPY, IJH, IWM |