Sandy Spring Bank
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Sandy Spring Bank reported 1,203 stock positions worth $2.5 billion. Its top holding was iShares Core S&P Midcap ETF (IJH) at 6.2% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 5.6%) and Apple (AAPL, 4.9%). Compared with Q3 2024, it opened 84 new positions, sold out of 75, added to 281 and reduced 325. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Danaher (DHR, shares −2%).
- Most Recent 13F
- Q1 2025
- Location
- Olney, MD
- CIK
- 0001457833
- Portfolio Value
- $2.5B (Q4 2024)
- SEC Filing
- 0001104659-25-011212 ↗ filed Feb 11, 2025
Holdings Value
Holdings 1,203 stocks · $2.5B
| IJH iShares Core S&P Midcap ETF | 6.19% | 2,451,890 | $152.8M | Add +0.4% |
| IVV iShares Core S&P 500 ETF | 5.64% | 236,780 | $139.4M | Add +1.4% |
| AAPL Apple Inc. | 4.86% | 479,709 | $120.1M | Add +1.9% |
| NVDA Nvidia Corp. | 3.89% | 715,361 | $96.1M | Reduce -0.9% |
| MSFT Microsoft Corp. | 3.55% | 208,119 | $87.7M | Reduce -0.8% |
| IJR iShares Core S&P Small-Cap E | 3.15% | 675,016 | $77.8M | Add +2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.59% | 109,160 | $64.0M | Add +0.1% |
| AMZN Amazon.com Inc. | 2.31% | 260,541 | $57.2M | Add +0.5% |
| MDY State Street SPDR S&P Midcap | 2.15% | 93,059 | $53.0M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.71% | 93,418 | $42.3M | Add +2.0% |
| JEPI JPMorgan Equity Premium Inco | 1.71% | 734,893 | $42.3M | Add +10.7% |
| JPM JPMorgan Chase & Co. | 1.63% | 168,261 | $40.3M | Add +2.1% |
| GOOG Alphabet Inc. Class C | 1.60% | 207,514 | $39.5M | Add +0.3% |
| IUSV iShares Core S&P U.S. Value | 1.36% | 363,711 | $33.7M | Reduce -0.9% |
| IUSG iShares Core S&P U.S. Growth | 1.32% | 233,511 | $32.5M | Reduce -4.5% |
| DON Wisdomtree US Midcap Dividen | 1.08% | 525,366 | $26.8M | Reduce -9.9% |
| GOOGL Alphabet Inc. Class A | 1.08% | 140,629 | $26.6M | Reduce -1.3% |
| IQLT iShares MSCI International Q | 0.99% | 656,285 | $24.4M | Add +53.7% |
| PANW Palo Alto Networks Inc. | 0.98% | 133,492 | $24.3M | Add +2.6% |
| META Meta Platforms Inc. Class A | 0.96% | 40,561 | $23.7M | Add +2.7% |
| WMT Walmart Inc. | 0.96% | 262,708 | $23.7M | Reduce -4.6% |
| MA Mastercard Inc. Class A | 0.96% | 44,959 | $23.7M | Reduce -2.5% |
| VEA Vanguard Ftse Developed ETF | 0.95% | 490,542 | $23.5M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.80% | 21,472 | $19.7M | Add +0.8% |
| RTX RTX Corp. | 0.77% | 164,533 | $19.0M | Add +1.2% |
| HD Home Depot Inc. | 0.77% | 48,677 | $18.9M | Reduce -2.8% |
| MCD McDonald's Corp. | 0.75% | 63,861 | $18.5M | Reduce -0.5% |
| DHR Danaher Corp. | 0.71% | 76,277 | $17.5M | Reduce -2.3% |
| BX Blackstone Inc. | 0.67% | 96,629 | $16.7M | Add +0.4% |
| LLY Eli Lilly & Co. | 0.66% | 21,004 | $16.2M | Add +9.7% |
| GS Goldman Sachs Group Inc. | 0.64% | 27,478 | $15.7M | Reduce -1.2% |
| VONG Vanguard Russell 1000 Growth | 0.63% | 150,111 | $15.5M | Add +13.5% |
| TMO Thermo Fisher Scientific Inc. | 0.62% | 29,604 | $15.4M | Add +0.0% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.62% | 168,479 | $15.3M | Add +50.7% |
| JNJ Johnson & Johnson | 0.61% | 104,587 | $15.1M | Reduce -0.3% |
| ACN Accenture PLC Class A | 0.61% | 42,878 | $15.1M | Reduce -1.7% |
| AXP American Express Co. | 0.61% | 50,705 | $15.0M | Reduce -2.3% |
| DFAT Dimensional US Target Value | 0.58% | 258,606 | $14.4M | Add +3.0% |
| V Visa Inc. Class A | 0.56% | 43,900 | $13.9M | Reduce -2.2% |
| NEE Nextera Energy Inc. | 0.56% | 193,331 | $13.9M | Add +3.3% |
| LOW Lowe's Cos Inc. | 0.56% | 55,872 | $13.8M | Reduce -1.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.55% | 32,841 | $13.5M | Add +2.6% |
| DFUV Dimensional US Marketwide Va | 0.55% | 329,087 | $13.5M | Reduce -0.0% |
| ORCL Oracle Corp. | 0.52% | 77,203 | $12.9M | Reduce -3.9% |
| ETN Eaton Corp. PLC | 0.51% | 37,835 | $12.6M | Add +4.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.51% | 103,386 | $12.5M | Reduce -1.8% |
| BLK BlackRock Inc. | 0.50% | 12,112 | $12.4M | Reduce -2.1% |
| ABT Abbott Laboratories | 0.49% | 106,328 | $12.0M | Reduce -3.3% |
| CRM Salesforce Inc. | 0.48% | 35,830 | $12.0M | Reduce -3.9% |
| MAR Marriott International Class A | 0.47% | 41,631 | $11.6M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.47% | 107,531 | $11.6M | Add +1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.46% | 102,983 | $11.5M | Reduce -7.1% |
| ZTS Zoetis Inc. | 0.46% | 69,706 | $11.4M | Add +0.1% |
| IYW iShares Ustechnology ETF | 0.45% | 70,337 | $11.2M | Reduce -1.8% |
| ADBE Adobe Inc. | 0.39% | 21,918 | $9.7M | Reduce -1.5% |
| IWB iShares Russell 1000 ETF | 0.39% | 29,809 | $9.6M | Reduce -4.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.39% | 48,504 | $9.6M | Reduce -6.0% |
| PEP Pepsico Inc. | 0.39% | 62,601 | $9.5M | Reduce -3.4% |
| JPST JPMorgan Ultra-Short Income | 0.38% | 187,920 | $9.5M | Add +18.8% |
| COF Capital One Financial Corp. | 0.38% | 52,120 | $9.3M | Reduce -0.7% |
| PG The Procter & Gamble Co. | 0.37% | 54,843 | $9.2M | Reduce -2.9% |
| SHBI Shore Bancshares Inc. | 0.37% | 573,502 | $9.1M | Reduce -1.7% |
| NOW ServiceNow Inc. | 0.37% | 8,541 | $9.1M | Add +4.5% |
| SCHW Schwab (charles) Corp. | 0.37% | 122,113 | $9.0M | Reduce -4.2% |
| AMT American Tower Corp. | 0.37% | 49,243 | $9.0M | Add +1.1% |
| SYK Stryker Corp. | 0.36% | 24,546 | $8.8M | Reduce -3.8% |
| VWO Vanguard Ftse Emerging Marke | 0.35% | 197,143 | $8.7M | Add +3.4% |
| XLK SS Technology Select Sector | 0.33% | 34,906 | $8.1M | Reduce -2.1% |
| WM Waste Management Inc. | 0.30% | 37,049 | $7.5M | Reduce -1.7% |
| CSCO Cisco Systems Inc. | 0.30% | 124,275 | $7.4M | Reduce -31.0% |
| SHEL Shell PLC-ADR | 0.30% | 117,392 | $7.4M | Add +0.6% |
| ISRG Intuitive Surgical Inc. | 0.29% | 13,634 | $7.1M | Add +5.3% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.28% | 70,271 | $6.9M | New |
| LNG Cheniere Energy Inc. | 0.28% | 31,772 | $6.8M | Add +2.1% |
| SPGI S&P Global Inc. | 0.27% | 13,615 | $6.8M | Add +18.1% |
| MCHP Microchip Technology Inc. | 0.27% | 117,002 | $6.7M | Add +1.4% |
| UNH Unitedhealth Group Inc. | 0.27% | 13,197 | $6.7M | Reduce -0.3% |
| DFUS Dimensional US Eq MKT ETF | 0.27% | 104,162 | $6.6M | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 12,620 | $6.5M | Add +3.1% |
| XLB SS Materials Select Sector | 0.26% | 75,694 | $6.4M | Add +0.3% |
| EFA iShares MSCI Eafe ETF | 0.26% | 84,110 | $6.4M | Add +13.2% |
| ABBV Abbvie Inc. | 0.26% | 35,493 | $6.3M | Reduce -5.6% |
| HON Honeywell International Inc. | 0.25% | 27,248 | $6.2M | Reduce -3.3% |
| BN Brookfield Corp. | 0.25% | 105,415 | $6.1M | Reduce -3.1% |
| TT Trane Technologies PLC | 0.24% | 15,929 | $5.9M | Add +4.0% |
| APD Air Products & Chemicals Inc. | 0.24% | 20,056 | $5.8M | Reduce -0.6% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.23% | 238,974 | $5.7M | Add +0.7% |
| XLY SS Consumer Disc Select Sect | 0.23% | 25,463 | $5.7M | Reduce -3.7% |
| IBDR iShares Ibonds Dec 2026 Term | 0.23% | 237,225 | $5.7M | Reduce -5.9% |
| LH Labcorp Holdings Inc. | 0.23% | 24,735 | $5.7M | Reduce -1.8% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.23% | 226,686 | $5.6M | Add +1.6% |
| QCOM Qualcomm Inc. | 0.23% | 36,317 | $5.6M | Add +1.4% |
| XLF SS Financial Select Sector | 0.22% | 113,042 | $5.5M | Reduce -4.2% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.22% | 217,919 | $5.5M | Reduce -2.6% |
| IBDU iShares Ibonds Dec 2029 Term | 0.22% | 238,086 | $5.4M | Add +3.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.22% | 82,617 | $5.4M | Add +18.4% |
| AVGO Broadcom Inc. | 0.22% | 23,295 | $5.4M | Add +20.9% |
| CAT Caterpillar Inc. | 0.21% | 14,490 | $5.3M | Reduce -1.3% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.21% | 244,861 | $5.2M | Add +2.5% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.21% | 254,265 | $5.2M | Add +4.3% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $6K (not counted above)
Lines left out (16) · $232 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| RJF Raymond James Financial Inc. | COM | 0 | $51 |
| COHR Coherent Corp. | COM | 0 | $42 |
| BBY Best Buy Co. Inc. | COM | 0 | $25 |
| VTR Ventas Inc. | COM | 0 | $19 |
| CORT Corcept Therapeutics Inc. | COM | 0 | $18 |
| DNLI Denali Therapeutics Inc. | COM | 0 | $10 |
| OHI Omega Healthcare Investors | COM | 0 | $10 |
| IONS Ionis Pharmaceuticals Inc. | COM | 0 | $9 |
| NHI Natl Health Investors Inc. | COM | 0 | $9 |
| CTRE Caretrust REIT Inc. | COM | 0 | $8 |
| LTC LTC Properties Inc. | COM | 0 | $7 |
| PNTG The Pennant Group Inc. | COM | 0 | $6 |
| NAMS Newamsterdam Pharma Co. NV | ORDINARY SHARES | 0 | $6 |
| NHC National Healthcare Corp. | COM | 0 | $5 |
| PRTA Prothena Corp. PLC | SHS | 0 | $4 |
| VYGR Voyager Therapeutics Inc. | COM | 0 | $3 |
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: $2.5B.
Portfolio Sells Q3 2024 → Q4 2024
| DHR Danaher Corp. | Reduce -2.3% | 0.71% | −0.18 |
| MSFT Microsoft Corp. | Reduce -0.8% | 3.55% | −0.17 |
| ELV Elevance Health Inc. | Reduce -17.7% | 0.20% | −0.15 |
| DON Wisdomtree US Midcap Dividen | Reduce -9.9% | 1.08% | −0.14 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.14 |
| CSCO Cisco Systems Inc. | Reduce -31.0% | 0.30% | −0.10 |
| JNJ Johnson & Johnson | Reduce -0.3% | 0.61% | −0.09 |
| APTV Aptiv PLC | Reduce -87.2% | 0.01% | −0.08 |
| ADBE Adobe Inc. | Reduce -1.5% | 0.39% | −0.08 |
| IUSV iShares Core S&P U.S. Value | Reduce -0.9% | 1.36% | −0.08 |
| FTV Fortive Corp. | Reduce -42.2% | 0.09% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Reduce -8.6% | 0.20% | −0.08 |
| LOW Lowe's Cos Inc. | Reduce -1.2% | 0.56% | −0.07 |
| EL Estee Lauder Companies Class A | Reduce -77.1% | 0.01% | −0.07 |
| HD Home Depot Inc. | Reduce -2.8% | 0.77% | −0.07 |
| PEP Pepsico Inc. | Reduce -3.4% | 0.39% | −0.07 |
| CVS CVS Health Corp. | Reduce -23.1% | 0.07% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -47.7% | 0.05% | −0.06 |
| MDY State Street SPDR S&P Midcap | Reduce -1.1% | 2.15% | −0.06 |
| STZ Constellation Brands Inc. Class A | Reduce -21.9% | 0.11% | −0.06 |
| MCD McDonald's Corp. | Reduce -0.5% | 0.75% | −0.06 |
| NKE Nike Inc. Class B | Reduce -6.4% | 0.20% | −0.05 |
| ABBV Abbvie Inc. | Reduce -5.6% | 0.26% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -0.3% | 0.27% | −0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -22.8% | 0.14% | −0.05 |
| ORCL Oracle Corp. | Reduce -3.9% | 0.52% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -6.5% | 0.17% | −0.04 |
| CI The Cigna Group | Reduce -6.0% | 0.11% | −0.04 |
| UNP Union Pacific Corp. | Reduce -6.8% | 0.19% | −0.03 |
| IBMM iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.03 |
| SBUX Starbucks Corp. | Reduce -19.1% | 0.10% | −0.03 |
| UL Unilever PLC | Reduce -2.9% | 0.16% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -1.0% | 0.20% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.9% | 0.37% | −0.03 |
| ABT Abbott Laboratories | Reduce -3.3% | 0.49% | −0.03 |
| AMGN Amgen Inc. | Reduce -6.5% | 0.08% | −0.03 |
| ACN Accenture PLC Class A | Reduce -1.7% | 0.61% | −0.02 |
| CAT Caterpillar Inc. | Reduce -1.3% | 0.21% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -19.6% | 0.07% | −0.02 |
| COP Conocophillips | Reduce -5.1% | 0.17% | −0.02 |
| SYK Stryker Corp. | Reduce -3.8% | 0.36% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -0.8% | 0.09% | −0.02 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -5.9% | 0.23% | −0.02 |
| NXPI NXP Semiconductors NV | Reduce -63.5% | 0.01% | −0.02 |
| DFUV Dimensional US Marketwide Va | Reduce -0.0% | 0.55% | −0.02 |
| VGIT Vanguard Intermediate-Term T | Reduce -15.4% | 0.08% | −0.02 |
| WM Waste Management Inc. | Reduce -1.7% | 0.30% | −0.02 |
| XBI SS SPDR S&P Biotech ETF | Reduce -3.2% | 0.12% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -6.6% | 0.11% | −0.02 |
| INTC Intel Corp. | Reduce -15.5% | 0.04% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +1.9% | 4.86% | +0.35 |
| AMZN Amazon.com Inc. | Add +0.5% | 2.31% | +0.33 |
| XMHQ Invesco S&P Midcap Qual ETF | New | 0.28% | +0.28 |
| IQLT iShares MSCI International Q | Add +53.7% | 0.99% | +0.26 |
| JPM JPMorgan Chase & Co. | Add +2.1% | 1.63% | +0.20 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +50.7% | 0.62% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +0.3% | 1.60% | +0.18 |
| BAH Booz Allen Hamilton Holdings | Add +776.7% | 0.18% | +0.16 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +406.0% | 0.15% | +0.12 |
| VONG Vanguard Russell 1000 Growth | Add +13.5% | 0.63% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +1.4% | 5.64% | +0.10 |
| JEPI JPMorgan Equity Premium Inco | Add +10.7% | 1.71% | +0.09 |
| AVGO Broadcom Inc. | Add +20.9% | 0.22% | +0.08 |
| PANW Palo Alto Networks Inc. | Add +2.6% | 0.98% | +0.07 |
| BX Blackstone Inc. | Add +0.4% | 0.67% | +0.07 |
| NOW ServiceNow Inc. | Add +4.5% | 0.37% | +0.07 |
| AZO AutoZone Inc. | Add +6528.6% | 0.06% | +0.06 |
| VRTX Vertex Pharmaceuticals Inc. | Add +313.5% | 0.08% | +0.06 |
| JPST JPMorgan Ultra-Short Income | Add +18.8% | 0.38% | +0.05 |
| AUB Atlantic Union Bankshares Co. | Add +598.2% | 0.06% | +0.05 |
| TSLA Tesla Inc. | Add +3.7% | 0.13% | +0.05 |
| LNG Cheniere Energy Inc. | Add +2.1% | 0.28% | +0.05 |
| DDOG Datadog Inc. Class A | Add +28.4% | 0.11% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.6% | 0.55% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +38.6% | 0.16% | +0.04 |
| MUNI PIMCO Intermediate Municipal | Add +325.9% | 0.04% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +38.2% | 0.09% | +0.03 |
| META Meta Platforms Inc. Class A | Add +2.7% | 0.96% | +0.03 |
| SPGI S&P Global Inc. | Add +18.1% | 0.27% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +5.3% | 0.29% | +0.03 |
| TTD Trade Desk Inc./the Class A | Add +18.8% | 0.13% | +0.03 |
| DBEF Xtrackers MSCI Eafe Hedged E | Add +101.0% | 0.05% | +0.03 |
| RDVY First Trust Rising Dividend | Add +32.7% | 0.11% | +0.03 |
| BKNG Booking Holdings Inc. | Add +1.4% | 0.16% | +0.02 |
| IBM Intl Business Machines Corp. | Add +23.1% | 0.12% | +0.02 |
| COST Costco Wholesale Corp. | Add +0.8% | 0.80% | +0.02 |
| IBMS ISHARESIBONDDEC2030MUNIBDETF | Add +80.5% | 0.04% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 2.59% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.1% | 0.26% | +0.02 |
| T AT&T Inc. | Add +39.8% | 0.04% | +0.01 |
| ETN Eaton Corp. PLC | Add +4.2% | 0.51% | +0.01 |
| ADP Automatic Data Processing | Add +2.9% | 0.18% | +0.01 |
| ATO Atmos Energy Corp. | Add +39.1% | 0.04% | +0.01 |
| BXP BXP Inc. | New | 0.01% | +0.01 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +116.1% | 0.02% | +0.01 |
| J Jacobs Solutions Inc. | Add +18.2% | 0.06% | +0.01 |
| IBMR iShares Ibonds Dec 2029 M BD | Add +29.7% | 0.05% | +0.01 |
| PWRD TCW Transform Systems ETF | New | 0.01% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | Add +873.3% | 0.01% | +0.01 |
| BA The Boeing Co. | Add +3.0% | 0.05% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -13.0% | 80 | $2K |
| SOUNW Soundhound AI Inc. | *W EXP 04/26/202 | New | 150 | $2K |
| VTR Ventas Inc. | COM | New | 0 | $19 |
| CORT Corcept Therapeutics Inc. | COM | New | 0 | $18 |
| DNLI Denali Therapeutics Inc. | COM | New | 0 | $10 |
| OHI Omega Healthcare Investors | COM | New | 0 | $10 |
| IONS Ionis Pharmaceuticals Inc. | COM | Reduce -100.0% | 0 | $9 |
| NHI Natl Health Investors Inc. | COM | New | 0 | $9 |
| CTRE Caretrust REIT Inc. | COM | New | 0 | $8 |
| LTC LTC Properties Inc. | COM | New | 0 | $7 |
| PNTG The Pennant Group Inc. | COM | New | 0 | $6 |
| NAMS Newamsterdam Pharma Co. NV | ORDINARY SHARES | New | 0 | $6 |
| NHC National Healthcare Corp. | COM | New | 0 | $5 |
| PRTA Prothena Corp. PLC | SHS | New | 0 | $4 |
| VYGR Voyager Therapeutics Inc. | COM | New | 0 | $3 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.