Sand Hill Global Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Sand Hill Global Advisors, LLC reported 202 stock positions worth $2.7 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.2% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 9.3%) and SS SPDR S&P 500 ETF Trust-US (SPY, 8.4%). Compared with Q1 2025, it opened 19 new positions, sold out of 11, added to 86 and reduced 66. The biggest buy was Van Morst SML-Cap Gro-Usd (VBK, shares +5905%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Palo Alto, CA
- CIK
- 0001009209
- Portfolio Value
- $2.7B (Q2 2025)
- SEC Filing
- 0001580642-25-005122 ↗ filed Aug 14, 2025
Holdings Value
Holdings 202 stocks · $2.7B
| VOO Vanguard S&P 500 ETF | 11.20% | 531,012 | $301.6M | Add +5.8% |
| EFA iShares MSCI Eafe ETF | 9.33% | 2,810,427 | $251.2M | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 8.36% | 364,378 | $225.1M | Reduce -0.5% |
| VWO Vanguard Ftse Emerging Marke | 5.84% | 3,182,811 | $157.4M | Reduce -2.3% |
| IJH iShares Core S&P Midcap ETF | 5.22% | 2,268,824 | $140.7M | Add +0.7% |
| IWM iShares Russell 2000 ETF | 4.88% | 609,174 | $131.5M | Reduce -5.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 4.60% | 1,704,384 | $123.9M | Reduce -0.3% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 3.16% | 307,165 | $85.1M | Add +5905.2% |
| VNQ Vanguard Real Estate ETF | 2.83% | 856,608 | $76.3M | Add +1.4% |
| QQQ Invesco QQQ Trust Series 1 | 2.73% | 133,381 | $73.6M | Reduce -1.7% |
| VGIT Vanguard Intermediate-Term T | 2.47% | 1,110,253 | $66.4M | Add +3.2% |
| AGG iShares Core U.S. Aggregate | 2.38% | 647,256 | $64.2M | Add +2.4% |
| IVV iShares Core S&P 500 ETF | 1.92% | 83,408 | $51.8M | Reduce -16.8% |
| ICSH iShares Ultra Short Duration | 1.87% | 995,869 | $50.5M | Add +157.2% |
| BOND PIMCO Active Bond Exchange-T | 1.82% | 531,018 | $48.9M | Add +4.4% |
| NVDA Nvidia Corp. | 1.42% | 242,148 | $38.3M | Add +1.4% |
| MSFT Microsoft Corp. | 1.25% | 67,789 | $33.7M | Add +1.9% |
| AAPL Apple Inc. | 1.12% | 146,724 | $30.1M | Add +1.1% |
| AMZN Amazon.com Inc. | 1.04% | 127,244 | $27.9M | Add +1.4% |
| META Meta Platforms Inc. Class A | 0.95% | 34,616 | $25.5M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.91% | 84,667 | $24.5M | Add +0.7% |
| ESGU iShares ESG Aware MSCI USA | 0.85% | 169,381 | $22.9M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 0.76% | 116,913 | $20.6M | Add +3.2% |
| VEA Vanguard Ftse Developed ETF | 0.70% | 331,651 | $18.9M | Add +2.4% |
| V Visa Inc. Class A | 0.68% | 51,766 | $18.4M | Add +1.6% |
| VEEV Veeva Systems Inc. Class A | 0.57% | 52,869 | $15.2M | No change |
| DOCS Doximity Inc. Class A | 0.55% | 240,301 | $14.7M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.51% | 19 | $13.8M | No change |
| IYR iShares US Real Estate ETF | 0.51% | 145,928 | $13.8M | Reduce -0.0% |
| DASH DoorDash Inc. Class A | 0.48% | 52,218 | $12.9M | Add +0.0% |
| ESML iShares ESG Aware MSCI USA S | 0.47% | 304,235 | $12.6M | Reduce -3.2% |
| PH Parker Hannifin Corp. | 0.42% | 16,039 | $11.2M | Add +0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 90,570 | $11.2M | Add +0.8% |
| ESGD iShares Trust iShares ESG Aw | 0.41% | 122,342 | $10.9M | Add +1.6% |
| CME Cme Group Inc. | 0.40% | 39,055 | $10.8M | Add +1.5% |
| BSV Vanguard Short-Term Bond ETF | 0.40% | 136,734 | $10.8M | New |
| AVGO Broadcom Inc. | 0.38% | 37,157 | $10.2M | Reduce -0.8% |
| BLK BlackRock Inc. | 0.36% | 9,362 | $9.8M | Add +1.5% |
| ZM Zoom Communications Inc. | 0.36% | 123,610 | $9.6M | No change |
| SYK Stryker Corp. | 0.35% | 23,888 | $9.5M | Add +1.8% |
| ADSK Autodesk Inc. | 0.34% | 29,931 | $9.3M | Add +2.1% |
| CVX Chevron Corp. | 0.34% | 63,194 | $9.0M | Add +1.8% |
| ECL Ecolab Inc. | 0.33% | 33,204 | $8.9M | Add +0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 37,467 | $8.9M | Reduce -14.1% |
| PANW Palo Alto Networks Inc. | 0.33% | 43,335 | $8.9M | Add +2.0% |
| PG The Procter & Gamble Co. | 0.32% | 54,346 | $8.7M | Add +2.9% |
| JPST JPMorgan Ultra-Short Income | 0.32% | 170,629 | $8.6M | Reduce -44.8% |
| PULS Pgim Ultra Short Bond ETF | 0.32% | 172,135 | $8.6M | Reduce -44.8% |
| HON Honeywell International Inc. | 0.31% | 36,335 | $8.5M | Add +2.0% |
| BKNG Booking Holdings Inc. | 0.31% | 1,450 | $8.4M | Add +0.2% |
| ABT Abbott Laboratories | 0.31% | 61,125 | $8.3M | Reduce -0.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 66,323 | $8.2M | Add +2.0% |
| CRM Salesforce Inc. | 0.31% | 30,160 | $8.2M | Add +1.6% |
| JNJ Johnson & Johnson | 0.29% | 51,156 | $7.8M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 15,892 | $7.7M | Add +123.4% |
| WM Waste Management Inc. | 0.28% | 33,124 | $7.6M | Add +1.3% |
| MUB iShares National Muni Bond E | 0.28% | 72,213 | $7.5M | Reduce -20.6% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.27% | 141,453 | $7.2M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 23,688 | $7.2M | Add +0.4% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.27% | 117,293 | $7.1M | Add +1.8% |
| LLY Eli Lilly & Co. | 0.26% | 8,980 | $7.0M | Add +4.3% |
| MDY State Street SPDR S&P Midcap | 0.26% | 12,202 | $6.9M | Reduce -0.1% |
| AEP American Electric Power | 0.24% | 61,951 | $6.4M | Add +3.0% |
| TSLA Tesla Inc. | 0.24% | 20,033 | $6.4M | Add +2.5% |
| SNOW Snowflake Inc. | 0.24% | 28,336 | $6.3M | Add +0.6% |
| EEM iShares MSCI Emerging Market | 0.23% | 130,161 | $6.3M | Reduce -0.9% |
| ACN Accenture PLC Class A | 0.23% | 20,545 | $6.1M | Add +3.4% |
| INTU Intuit Inc. | 0.23% | 7,731 | $6.1M | Add +1.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.22% | 76,186 | $6.1M | New |
| LNG Cheniere Energy Inc. | 0.22% | 24,142 | $5.9M | Add +1.6% |
| ETN Eaton Corp. PLC | 0.22% | 16,462 | $5.9M | Reduce -0.6% |
| KMB Kimberly-Clark Corp. | 0.20% | 42,026 | $5.4M | Add +2.7% |
| ACWI iShares MSCI Acwi ETF | 0.20% | 42,046 | $5.4M | Add +6.2% |
| DHR Danaher Corp. | 0.19% | 26,100 | $5.2M | Add +1.8% |
| EAGG iShares ESG Aware US Aggrega | 0.19% | 106,909 | $5.1M | Reduce -2.5% |
| CMF iShares California Muni Bond | 0.18% | 89,315 | $5.0M | New |
| PWR Quanta Services Inc. | 0.18% | 12,638 | $4.8M | New |
| SCHO Schwab Short-Term US Treas | 0.18% | 195,739 | $4.8M | New |
| NEM Newmont Corp. | 0.17% | 80,472 | $4.7M | Reduce -2.7% |
| WYNN WYNN Resorts Ltd. | 0.17% | 48,712 | $4.6M | Add +0.8% |
| PLD Prologis Inc. | 0.16% | 42,241 | $4.4M | Add +4.6% |
| IWB iShares Russell 1000 ETF | 0.16% | 13,038 | $4.4M | Add +22.3% |
| ESGE iShares Inc. iShares ESG Awar | 0.16% | 110,379 | $4.3M | Reduce -2.1% |
| DFUS Dimensional US Eq MKT ETF | 0.15% | 59,578 | $4.0M | Reduce -0.5% |
| SCHX Schwab US Large-Cap ETF | 0.14% | 159,817 | $3.9M | Reduce -3.7% |
| GOOG Alphabet Inc. Class C | 0.14% | 21,528 | $3.8M | Reduce -6.5% |
| COST Costco Wholesale Corp. | 0.14% | 3,715 | $3.7M | Add +2.0% |
| TGT Target Corp. | 0.13% | 36,205 | $3.6M | Add +1.7% |
| IWV iShares Russell 3000 ETF | 0.13% | 9,855 | $3.5M | Reduce -0.3% |
| MUNI PIMCO Intermediate Municipal | 0.13% | 66,393 | $3.4M | Reduce -45.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.12% | 7,320 | $3.3M | Add +5.7% |
| QQMG Invesco ESG Nasdaq 100 | 0.12% | 82,450 | $3.1M | Add +3.0% |
| SCHF Schwab Intl Equity ETF | 0.11% | 131,495 | $2.9M | Add +8.6% |
| ETR Entergy Corp. | 0.10% | 33,450 | $2.8M | Add +5.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.10% | 9,284 | $2.6M | Add +37.5% |
| IWO iShares Russell 2000 Growth | 0.10% | 8,984 | $2.6M | Reduce -0.0% |
| HD Home Depot Inc. | 0.09% | 6,642 | $2.4M | Reduce -0.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.08% | 7,938 | $2.3M | No change |
| ITOT iShares Core S&P Total U.S. | 0.08% | 16,672 | $2.3M | No change |
| PGR Progressive Corp. | 0.08% | 7,955 | $2.1M | Add +0.2% |
Portfolio Sells Q1 2025 → Q2 2025
| RSP Invesco S&P 500 Equal Weight | Reduce -99.6% | 0.01% | −3.01 |
| IWM iShares Russell 2000 ETF | Reduce -5.4% | 4.88% | −0.41 |
| IVV iShares Core S&P 500 ETF | Reduce -16.8% | 1.92% | −0.40 |
| JPST JPMorgan Ultra-Short Income | Reduce -44.8% | 0.32% | −0.32 |
| PULS Pgim Ultra Short Bond ETF | Reduce -44.8% | 0.32% | −0.32 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.3% | 5.84% | −0.23 |
| EFA iShares MSCI Eafe ETF | Reduce -0.6% | 9.33% | −0.19 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.18 |
| MUNI PIMCO Intermediate Municipal | Reduce -45.7% | 0.13% | −0.13 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.13 |
| MUB iShares National Muni Bond E | Reduce -20.6% | 0.28% | −0.11 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -87.0% | 0.01% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.5% | 8.36% | −0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -84.7% | 0.01% | −0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -14.1% | 0.33% | −0.07 |
| IYR iShares US Real Estate ETF | Reduce -0.0% | 0.51% | −0.06 |
| FIXD First Trust Smith Opportunis | Sold out | 0.00% | −0.05 |
| FTSL First Trust Senior Loan ETF | Sold out | 0.00% | −0.03 |
| COMT iShares Gsci Commodity Dynam | Sold out | 0.00% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.3% | 4.60% | −0.03 |
| ESML iShares ESG Aware MSCI USA S | Reduce -3.2% | 0.47% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.8% | 0.31% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -9.6% | 0.03% | −0.03 |
| EAGG iShares ESG Aware US Aggrega | Reduce -2.5% | 0.19% | −0.03 |
| VXUS Vanguard Total Intl Stock | Reduce -73.5% | 0.01% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -10.2% | 0.06% | −0.02 |
| BND Vanguard Total Bond Market | Reduce -63.7% | 0.01% | −0.02 |
| ABBV Abbvie Inc. | Reduce -3.2% | 0.05% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 0.06% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.01 |
| FTSM First Trust Enh Short Mat FD | Sold out | 0.00% | −0.01 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -0.1% | 0.26% | −0.01 |
| MCD McDonald's Corp. | Reduce -20.5% | 0.02% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -10.7% | 0.06% | −0.01 |
| ESGU iShares ESG Aware MSCI USA | Reduce -1.3% | 0.85% | −0.01 |
| HD Home Depot Inc. | Reduce -0.7% | 0.09% | −0.01 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.01 |
| FPE FT-Preferred Secur & Inc. ETF | Sold out | 0.00% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -37.6% | 0.01% | −0.01 |
| KO The Coca-Cola Co. | Reduce -17.1% | 0.02% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -6.5% | 0.14% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -3.7% | 0.14% | −0.01 |
| GOVT iShares US Treasury Bond ETF | Reduce -20.5% | 0.01% | −0.01 |
| UNP Union Pacific Corp. | Reduce -10.8% | 0.02% | −0.01 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -20.8% | 0.01% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -17.2% | 0.02% | −0.00 |
| EEM iShares MSCI Emerging Market | Reduce -0.9% | 0.23% | −0.00 |
| MMM 3M Co. | Reduce -12.1% | 0.02% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +5905.2% | 3.16% | +3.10 |
| ICSH iShares Ultra Short Duration | Add +157.2% | 1.87% | +1.07 |
| VOO Vanguard S&P 500 ETF | Add +5.8% | 11.20% | +0.57 |
| BSV Vanguard Short-Term Bond ETF | New | 0.40% | +0.40 |
| NVDA Nvidia Corp. | Add +1.4% | 1.42% | +0.35 |
| NEAR iShares SH Dba ETF Usd Inc. | New | 0.27% | +0.27 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.22% | +0.22 |
| MSFT Microsoft Corp. | Add +1.9% | 1.25% | +0.22 |
| CMF iShares California Muni Bond | New | 0.18% | +0.18 |
| PWR Quanta Services Inc. | New | 0.18% | +0.18 |
| SCHO Schwab Short-Term US Treas | New | 0.18% | +0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +123.4% | 0.29% | +0.13 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.95% | +0.13 |
| DASH DoorDash Inc. Class A | Add +0.0% | 0.48% | +0.08 |
| SNOW Snowflake Inc. | Add +0.6% | 0.24% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 0.91% | +0.06 |
| JMUB JPMorgan Municipal ETF | New | 0.06% | +0.06 |
| LRCX Lam Research Corp. | New | 0.06% | +0.06 |
| AMZN Amazon.com Inc. | Add +1.4% | 1.04% | +0.05 |
| LDUR PIMCO Enhanced Low Duration | New | 0.05% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +3.2% | 0.76% | +0.04 |
| DIS The Walt Disney Co. | Add +2.0% | 0.31% | +0.04 |
| BKNG Booking Holdings Inc. | Add +0.2% | 0.31% | +0.04 |
| INTU Intuit Inc. | Add +1.5% | 0.23% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +2.0% | 0.33% | +0.03 |
| VTEC Vanguard Ca Tax-Ex Bond | New | 0.03% | +0.03 |
| IWB iShares Russell 1000 ETF | Add +22.3% | 0.16% | +0.03 |
| ADSK Autodesk Inc. | Add +2.1% | 0.34% | +0.03 |
| TSLA Tesla Inc. | Add +2.5% | 0.24% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +37.5% | 0.10% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +2.4% | 0.70% | +0.02 |
| CGMU Cap Group Municipal Income | New | 0.02% | +0.02 |
| PH Parker Hannifin Corp. | Add +0.4% | 0.42% | +0.02 |
| ORCL Oracle Corp. | Add +4.9% | 0.04% | +0.01 |
| GILD Gilead Sciences Inc. | New | 0.01% | +0.01 |
| QQMG Invesco ESG Nasdaq 100 | Add +3.0% | 0.12% | +0.01 |
| ACWI iShares MSCI Acwi ETF | Add +6.2% | 0.20% | +0.01 |
| GS Goldman Sachs Group Inc. | New | 0.01% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +8.6% | 0.11% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | New | 0.01% | +0.01 |
| IAT iShares US Regional Banks Et | New | 0.01% | +0.01 |
| MCO Moody's Corp. | New | 0.01% | +0.01 |
| VGSH Vanguard Short-Term Treasury | Add +30.4% | 0.04% | +0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +4.0% | 0.07% | +0.01 |
| AMAT Applied Materials Inc. | Add +0.2% | 0.04% | +0.01 |
| BLK BlackRock Inc. | Add +1.5% | 0.36% | +0.01 |
| BGC BGC Group Inc. Class A | New | 0.00% | +0.00 |
| HON Honeywell International Inc. | Add +2.0% | 0.31% | +0.00 |
| WYNN WYNN Resorts Ltd. | Add +0.8% | 0.17% | +0.00 |
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 |