Sandy Spring Bank
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Sandy Spring Bank reported 1,235 stock positions worth $2.2 billion. Its top holding was iShares Core S&P Midcap ETF (IJH) at 6.6% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.3%) and Microsoft (MSFT, 4.1%). Compared with Q4 2023, it opened 128 new positions, sold out of 64, added to 329 and reduced 285. The biggest buy was Amazon.com (AMZN, shares +3%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q1 2025
- Location
- Olney, MD
- CIK
- 0001457833
- Portfolio Value
- $2.2B (Q1 2024)
- SEC Filing
- 0001104659-24-058460 ↗ filed May 8, 2024
Holdings Value
Holdings 1,235 stocks · $2.2B
| IJH iShares Core S&P Midcap ETF | 6.56% | 2,372,318 | $144.1M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 5.26% | 219,841 | $115.6M | Add +0.8% |
| MSFT Microsoft Corp. | 4.09% | 213,533 | $89.8M | Reduce -0.6% |
| AAPL Apple Inc. | 3.76% | 481,709 | $82.6M | Reduce -0.4% |
| IJR iShares Core S&P Small-Cap E | 3.24% | 643,201 | $71.1M | Add +1.7% |
| NVDA Nvidia Corp. | 3.01% | 73,075 | $66.0M | Reduce -1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.68% | 112,505 | $58.8M | Reduce -0.2% |
| MDY State Street SPDR S&P Midcap | 2.44% | 96,355 | $53.6M | Reduce -3.2% |
| AMZN Amazon.com Inc. | 2.09% | 254,014 | $45.8M | Add +2.8% |
| IUSV iShares Core S&P U.S. Value | 1.62% | 393,803 | $35.6M | Reduce -2.7% |
| JPM JPMorgan Chase & Co. | 1.52% | 166,594 | $33.4M | Reduce -1.9% |
| IUSG iShares Core S&P U.S. Growth | 1.48% | 276,530 | $32.4M | Reduce -3.7% |
| GOOG Alphabet Inc. Class C | 1.43% | 205,539 | $31.3M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.40% | 73,178 | $30.8M | Add +8.6% |
| DON Wisdomtree US Midcap Dividen | 1.33% | 599,343 | $29.2M | Add +0.2% |
| JEPI JPMorgan Equity Premium Inco | 1.32% | 500,218 | $28.9M | Add +18.4% |
| MA Mastercard Inc. Class A | 1.04% | 47,590 | $22.9M | Reduce -3.3% |
| VEA Vanguard Ftse Developed ETF | 1.02% | 447,622 | $22.5M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.99% | 144,607 | $21.8M | Add +0.5% |
| DHR Danaher Corp. | 0.91% | 80,332 | $20.1M | Reduce -2.8% |
| HD Home Depot Inc. | 0.89% | 50,866 | $19.5M | Reduce -0.6% |
| MCD McDonald's Corp. | 0.84% | 65,142 | $18.4M | Add +1.1% |
| META Meta Platforms Inc. Class A | 0.81% | 36,434 | $17.7M | Add +3.3% |
| JNJ Johnson & Johnson | 0.79% | 110,061 | $17.4M | Reduce -3.8% |
| WMT Walmart Inc. | 0.78% | 285,996 | $17.2M | Reduce -2.6% |
| PANW Palo Alto Networks Inc. | 0.78% | 60,484 | $17.2M | Add +6.8% |
| TMO Thermo Fisher Scientific Inc. | 0.78% | 29,522 | $17.2M | Add +0.5% |
| RTX RTX Corp. | 0.73% | 164,119 | $16.0M | Add +2.5% |
| COST Costco Wholesale Corp. | 0.72% | 21,556 | $15.8M | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.69% | 124,116 | $15.2M | Reduce -1.2% |
| ACN Accenture PLC Class A | 0.69% | 43,608 | $15.1M | Add +0.9% |
| LOW Lowe's Cos Inc. | 0.68% | 58,275 | $14.8M | Reduce -0.7% |
| ABT Abbott Laboratories | 0.66% | 127,748 | $14.5M | Reduce -13.4% |
| BX Blackstone Inc. | 0.58% | 97,580 | $12.8M | Reduce -1.6% |
| V Visa Inc. Class A | 0.57% | 45,233 | $12.6M | Reduce -2.0% |
| LLY Eli Lilly & Co. | 0.57% | 16,132 | $12.6M | Add +1.9% |
| IQLT iShares MSCI International Q | 0.57% | 313,985 | $12.5M | Add +28.3% |
| XOM Exxon Mobil Corp. | 0.56% | 105,673 | $12.3M | Reduce -0.0% |
| AXP American Express Co. | 0.55% | 52,600 | $12.0M | Reduce -5.0% |
| CRM Salesforce Inc. | 0.54% | 39,289 | $11.8M | Add +1.1% |
| ADBE Adobe Inc. | 0.53% | 23,006 | $11.6M | Add +3.3% |
| PEP Pepsico Inc. | 0.53% | 65,870 | $11.5M | Reduce -0.8% |
| ZTS Zoetis Inc. | 0.52% | 68,053 | $11.5M | Add +2.1% |
| GS Goldman Sachs Group Inc. | 0.52% | 27,492 | $11.5M | Reduce -2.1% |
| DFUV Dimensional US Marketwide Va | 0.52% | 278,344 | $11.4M | Add +32.3% |
| BLK BlackRock Finance Inc. | 0.51% | 13,477 | $11.2M | Reduce -4.9% |
| DFAT Dimensional US Target Value | 0.49% | 198,951 | $10.8M | Add +16.2% |
| MAR Marriott International Class A | 0.49% | 42,461 | $10.7M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 0.49% | 167,255 | $10.7M | Add +1.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.48% | 103,631 | $10.5M | Add +2.0% |
| MCHP Microchip Technology Inc. | 0.46% | 113,235 | $10.2M | Add +0.1% |
| ORCL Oracle Corp. | 0.46% | 80,435 | $10.1M | Add +3.1% |
| VONG Vanguard Russell 1000 Growth | 0.46% | 115,771 | $10.0M | Add +5.3% |
| SCHW Schwab (charles) Corp. | 0.45% | 137,903 | $10.0M | Reduce -3.5% |
| IYW iShares Ustechnology ETF | 0.45% | 73,359 | $9.9M | Reduce -1.9% |
| AMT American Tower Corp. | 0.44% | 49,251 | $9.7M | Add +1.3% |
| ELV Elevance Health Inc. | 0.44% | 18,524 | $9.6M | Reduce -1.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.44% | 27,751 | $9.6M | Add +14.3% |
| SYK Stryker Corp. | 0.43% | 26,148 | $9.4M | Reduce -4.2% |
| CSCO Cisco Systems Inc. | 0.42% | 185,352 | $9.3M | Reduce -3.0% |
| PG The Procter & Gamble Co. | 0.41% | 55,950 | $9.1M | Reduce -2.1% |
| IWB iShares Russell 1000 ETF | 0.40% | 30,791 | $8.9M | Reduce -2.0% |
| WM Waste Management Inc. | 0.38% | 38,942 | $8.3M | Reduce -2.3% |
| ETN Eaton Corp. PLC | 0.37% | 26,299 | $8.2M | Add +2.9% |
| COF Capital One Financial Corp. | 0.36% | 52,888 | $7.9M | Reduce -3.3% |
| XLK SS Technology Select Sector | 0.35% | 36,848 | $7.7M | Reduce -1.6% |
| SHEL Shell PLC-ADR | 0.34% | 112,154 | $7.5M | Add +3.7% |
| NKE Nike Inc. Class B | 0.34% | 78,393 | $7.4M | Reduce -7.7% |
| VWO Vanguard Ftse Emerging Marke | 0.33% | 173,614 | $7.3M | Add +6.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 52,391 | $7.1M | Reduce -3.1% |
| FTV Fortive Corp. | 0.32% | 82,104 | $7.1M | Reduce -1.2% |
| ABBV Abbvie Inc. | 0.32% | 38,581 | $7.0M | Reduce -3.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.31% | 88,642 | $6.9M | Reduce -7.9% |
| MDLZ Mondelez International Inc. Class A | 0.30% | 94,922 | $6.6M | Reduce -0.5% |
| UNH Unitedhealth Group Inc. | 0.30% | 13,331 | $6.6M | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.30% | 14,609 | $6.5M | Reduce -6.4% |
| XLB SS Materials Select Sector | 0.29% | 69,117 | $6.4M | Add +6.1% |
| MRK Merck & Co. Inc. | 0.27% | 45,672 | $6.0M | Reduce -1.9% |
| HON Honeywell International Inc. | 0.27% | 29,197 | $6.0M | Reduce -0.5% |
| JPST JPMorgan Ultra-Short Income | 0.27% | 118,206 | $6.0M | Add +9.6% |
| UNP Union Pacific Corp. | 0.26% | 23,525 | $5.8M | Reduce -1.0% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 106,249 | $5.8M | Reduce -2.7% |
| CVX Chevron Corp. | 0.26% | 36,281 | $5.7M | Reduce -4.8% |
| EFA iShares MSCI Eafe ETF | 0.26% | 71,574 | $5.7M | Reduce -5.6% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.26% | 230,262 | $5.7M | Add +0.1% |
| LH Laboratory CRP of Amer Hldgs | 0.26% | 25,685 | $5.6M | Reduce -2.8% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.25% | 234,155 | $5.6M | Add +2.4% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.25% | 60,859 | $5.6M | Add +29.6% |
| QCOM Qualcomm Inc. | 0.25% | 32,796 | $5.6M | Add +1.3% |
| IBDR iShares Ibonds Dec 2026 Term | 0.25% | 230,349 | $5.5M | Add +1.2% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.25% | 219,494 | $5.5M | Add +3.5% |
| CAT Caterpillar Inc. | 0.25% | 14,701 | $5.4M | Reduce -4.3% |
| COP Conocophillips | 0.24% | 42,220 | $5.4M | Reduce -0.6% |
| XLY SS Consumer Disc Select Sect | 0.24% | 28,833 | $5.3M | Reduce -5.4% |
| CVS CVS Health Corp. | 0.24% | 66,460 | $5.3M | Reduce -11.6% |
| VZ Verizon Communications Inc. | 0.24% | 124,982 | $5.2M | Reduce -4.0% |
| XLF SS Financial Select Sector | 0.24% | 123,217 | $5.2M | Reduce -3.6% |
| DFUS Dimensional US Eq MKT ETF | 0.24% | 90,984 | $5.2M | Add +152.8% |
| IBDP iShares Ibonds Dec 2024 Term | 0.22% | 196,964 | $4.9M | Reduce -5.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.22% | 74,730 | $4.9M | Reduce -3.3% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $38K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| UGI CORP (UGI 7.25 06/01/24) | UNIT 06/01/2024 | 500 | $29K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 115 | $5K | Add +13.9% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 785 | $3K | Reduce -7.7% |
| SAVAW Cassava Sciences Inc.-28 | *W EXP 11/15/202 | 20 | $81 | No change |
Lines left out (2) · $31 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| COHR Coherent Corp. | COM | 0 | $27 |
| TFI SS SPDR N Ice Muni Bond ETF | ST STR NUVEE ETF | 0 | $4 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $2.2B.
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.4% | 3.76% | −0.87 |
| ABT Abbott Laboratories | Reduce -13.4% | 0.66% | −0.15 |
| NKE Nike Inc. Class B | Reduce -7.7% | 0.34% | −0.12 |
| JNJ Johnson & Johnson | Reduce -3.8% | 0.79% | −0.10 |
| IUSV iShares Core S&P U.S. Value | Reduce -2.7% | 1.62% | −0.08 |
| MDY State Street SPDR S&P Midcap | Reduce -3.2% | 2.44% | −0.07 |
| IBB iShares Biotechnology ETF | Reduce -28.1% | 0.14% | −0.07 |
| BA The Boeing Co. | Reduce -29.2% | 0.06% | −0.07 |
| BX Blackstone Inc. | Reduce -1.6% | 0.58% | −0.06 |
| BLK BlackRock Finance Inc. | Reduce -4.9% | 0.51% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -3.0% | 0.42% | −0.06 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -7.9% | 0.31% | −0.06 |
| INTC Intel Corp. | Reduce -5.8% | 0.18% | −0.06 |
| AGG iShares Core U.S. Aggregate | Reduce -30.0% | 0.09% | −0.06 |
| CVS CVS Health Corp. | Reduce -11.6% | 0.24% | −0.05 |
| LH Laboratory CRP of Amer Hldgs | Reduce -2.8% | 0.26% | −0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.5% | 0.30% | −0.04 |
| DHR Danaher Corp. | Reduce -2.8% | 0.91% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Reduce -19.5% | 0.11% | −0.04 |
| TSLA Tesla Inc. | Reduce -3.9% | 0.06% | −0.04 |
| PEP Pepsico Inc. | Reduce -0.8% | 0.53% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -3.5% | 0.45% | −0.04 |
| HON Honeywell International Inc. | Reduce -0.5% | 0.27% | −0.03 |
| IBDP iShares Ibonds Dec 2024 Term | Reduce -5.3% | 0.22% | −0.03 |
| ROK Rockwell Automation Inc. | Reduce -2.3% | 0.16% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -3.7% | 0.21% | −0.03 |
| XLY SS Consumer Disc Select Sect | Reduce -5.4% | 0.24% | −0.03 |
| SDY SS SPDR S&P Dividend ETF | Reduce -60.0% | 0.02% | −0.03 |
| UNP Union Pacific Corp. | Reduce -1.0% | 0.26% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -0.7% | 1.43% | −0.03 |
| EFA iShares MSCI Eafe ETF | Reduce -5.6% | 0.26% | −0.02 |
| PFE Pfizer Inc. | Reduce -15.3% | 0.07% | −0.02 |
| V Visa Inc. Class A | Reduce -2.0% | 0.57% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -6.4% | 0.30% | −0.02 |
| CVX Chevron Corp. | Reduce -4.8% | 0.26% | −0.02 |
| BHRB Burke & Herbert Financial SE | Reduce -30.3% | 0.03% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -3.3% | 0.22% | −0.02 |
| VLTO Veralto Corp. | Reduce -22.4% | 0.06% | −0.02 |
| NXPI NXP Semiconductors NV | Reduce -21.4% | 0.06% | −0.02 |
| DE Deere & Co. | Reduce -2.0% | 0.21% | −0.02 |
| BN Brookfield Corp. | Reduce -3.2% | 0.22% | −0.02 |
| UPS United Parcel Service Class B | Reduce -4.7% | 0.08% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.7% | 0.26% | −0.02 |
| KO The Coca-Cola Co. | Reduce -4.8% | 0.15% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -2.1% | 0.52% | −0.02 |
| RVTY Revvity Inc. | Reduce -19.6% | 0.04% | −0.02 |
| SWKS Skyworks Solutions Inc. | Reduce -33.4% | 0.02% | −0.01 |
| TFC Truist Financial Corp. | Reduce -4.2% | 0.18% | −0.01 |
| BCE Bce Inc. | Reduce -10.7% | 0.03% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| AMZN Amazon.com Inc. | Add +2.8% | 2.09% | +0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.6% | 1.40% | +0.21 |
| META Meta Platforms Inc. Class A | Add +3.3% | 0.81% | +0.18 |
| IJH iShares Core S&P Midcap ETF | Add +2.6% | 6.56% | +0.18 |
| JEPI JPMorgan Equity Premium Inco | Add +18.4% | 1.32% | +0.16 |
| DFUS Dimensional US Eq MKT ETF | Add +152.8% | 0.24% | +0.14 |
| DFUV Dimensional US Marketwide Va | Add +32.3% | 0.52% | +0.13 |
| AZN Astrazeneca PLC-Spons ADR | Add +1542.9% | 0.12% | +0.11 |
| LLY Eli Lilly & Co. | Add +1.9% | 0.57% | +0.11 |
| IQLT iShares MSCI International Q | Add +28.3% | 0.57% | +0.11 |
| VGIT Vanguard Intermediate-Term T | Add +71923.1% | 0.10% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +0.8% | 5.26% | +0.08 |
| ETN Eaton Corp. PLC | Add +2.9% | 0.37% | +0.07 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +29.6% | 0.25% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +14.3% | 0.44% | +0.06 |
| RTX RTX Corp. | Add +2.5% | 0.73% | +0.06 |
| ORCL Oracle Corp. | Add +3.1% | 0.46% | +0.05 |
| DFAT Dimensional US Target Value | Add +16.2% | 0.49% | +0.05 |
| XBI SS SPDR S&P Biotech ETF | Add +37.2% | 0.14% | +0.03 |
| TT Trane Technologies PLC | Add +7.5% | 0.19% | +0.03 |
| DFLV Dim US Large Cap Value ETF | Add +41.0% | 0.10% | +0.03 |
| SCHR Schwab Intermediate-Term US | Add +1279.0% | 0.03% | +0.03 |
| CRM Salesforce Inc. | Add +1.1% | 0.54% | +0.03 |
| VONG Vanguard Russell 1000 Growth | Add +5.3% | 0.46% | +0.03 |
| DFAS Dimensional US Small Cap ETF | Add +38.3% | 0.11% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.0% | 0.17% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +3.2% | 0.22% | +0.02 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +39.4% | 0.11% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +21.0% | 0.19% | +0.02 |
| VLO Valero Energy Corp. | Add +0.5% | 0.12% | +0.02 |
| UBER Uber Technologies Inc. | Add +110.4% | 0.03% | +0.02 |
| QCOM Qualcomm Inc. | Add +1.3% | 0.25% | +0.02 |
| IBMR iShares Ibonds Dec 2029 M BD | Add +205.6% | 0.03% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +26.3% | 0.11% | +0.02 |
| IEI iShares 3-7 Year Treasury Bo | Add +250.2% | 0.02% | +0.02 |
| NOW ServiceNow Inc. | Add +10.4% | 0.20% | +0.02 |
| XLB SS Materials Select Sector | Add +6.1% | 0.29% | +0.02 |
| COST Costco Wholesale Corp. | Add +0.5% | 0.72% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +10.1% | 0.17% | +0.01 |
| GE General Electric | Add +20.5% | 0.04% | +0.01 |
| APTV Aptiv Irish Holdings Ltd. | Add +39.4% | 0.11% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +9.0% | 0.19% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +12.7% | 0.13% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +45.8% | 0.04% | +0.01 |
| STIP iShares 0-5 Year Tips Bond E | Add +0.0% | 0.01% | +0.01 |
| J Jacobs Solutions Inc. | Add +13.4% | 0.06% | +0.01 |
| SNOW Snowflake Inc. | Add +64.3% | 0.05% | +0.01 |
| IBDX iShares Ibonds Dec 2032 TC | Add +17.9% | 0.15% | +0.01 |
| LW Lamb Weston Holdings Inc. | Add +30.4% | 0.06% | +0.01 |
| CTVA Corteva Inc. | Add +7.3% | 0.05% | +0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| AES CORP/THE (AES 6.875 02/15/24) | UNIT 02/15/2024 | Sold out | 450 | $34Kbefore exit |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +13.9% | 115 | $5K |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Reduce -7.7% | 785 | $3K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.