Stillwater Capital Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Stillwater Capital Advisors, LLC reported 71 stock positions worth $888.2 million. Its top holding was Broadcom (AVGO) at 8.0% of the portfolio, followed by Nvidia (NVDA, 7.2%) and Apple (AAPL, 7.0%). Compared with Q2 2025, it opened 2 new positions, sold out of 1, added to 16 and reduced 42. The biggest buy was Eli Lilly (LLY, shares +2684%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- DEVON, PA
- CIK
- 0001482970
- Portfolio Value
- $888.2M (Q3 2025)
- SEC Filing
- 0001482970-25-000006 ↗ filed Oct 9, 2025
Holdings Value
Holdings 71 stocks · $888.2M
| AVGO Broadcom Inc. | 7.96% | 214,401 | $70.7M | Reduce -1.5% |
| NVDA Nvidia Corp. | 7.15% | 340,520 | $63.5M | Reduce -1.3% |
| AAPL Apple Inc. | 6.97% | 243,081 | $61.9M | Reduce -1.1% |
| MSFT Microsoft Corp. | 6.49% | 111,214 | $57.6M | Reduce -1.1% |
| XLK SS Technology Select Sector | 5.18% | 163,238 | $46.0M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 4.27% | 155,869 | $37.9M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 3.88% | 109,376 | $34.5M | Reduce -1.0% |
| RTX RTX Corp. | 3.34% | 177,439 | $29.7M | Reduce -0.8% |
| CEG Constellation Energy | 3.08% | 83,009 | $27.3M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 2.94% | 34,271 | $26.1M | Add +2684.0% |
| WMT Walmart Inc. | 2.83% | 243,950 | $25.1M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 2.64% | 106,895 | $23.5M | Reduce -0.6% |
| TMUS T-Mobile US Inc. | 2.51% | 93,256 | $22.3M | Reduce -0.6% |
| BLK BlackRock Inc. | 2.46% | 18,779 | $21.9M | Reduce -0.5% |
| IYW iShares Ustechnology ETF | 2.44% | 110,851 | $21.7M | Reduce -0.6% |
| ABBV Abbvie Inc. | 2.36% | 90,511 | $21.0M | Reduce -0.4% |
| V Visa Inc. Class A | 2.32% | 60,476 | $20.6M | Reduce -0.5% |
| HD Home Depot Inc. | 2.29% | 50,275 | $20.4M | Reduce -0.6% |
| CAT Caterpillar Inc. | 2.24% | 41,778 | $19.9M | Reduce -0.4% |
| MAR Marriott International Class A | 2.22% | 75,633 | $19.7M | Reduce -0.7% |
| IWF iShares Russell 1000 Growth | 2.13% | 40,353 | $18.9M | Reduce -1.2% |
| XLF SS Financial Select Sector | 2.07% | 341,361 | $18.4M | Reduce -0.0% |
| XOM Exxon Mobil Corp. | 1.90% | 149,552 | $16.9M | Add +1.0% |
| XLC SS Comm Select Sector SPDR | 1.83% | 137,501 | $16.3M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 1.72% | 181,628 | $15.2M | Reduce -0.5% |
| XLY SS Consumer Disc Select Sect | 1.64% | 60,776 | $14.6M | Reduce -6.0% |
| MDLZ Mondelez International Inc. Class A | 1.40% | 199,399 | $12.5M | Add +1.0% |
| XLI SS Industrial Select Sector | 1.36% | 78,094 | $12.0M | Reduce -0.1% |
| XLV SS Health Care Select Sector | 1.27% | 81,054 | $11.3M | Reduce 0.0% |
| VYM Vanguard High DVD Yield ETF | 0.98% | 61,782 | $8.7M | Add +0.9% |
| XLP SS Consumer Staples Sel Sect | 0.90% | 101,570 | $8.0M | Reduce -8.9% |
| IYF iShares US Financials ETF | 0.85% | 59,958 | $7.6M | Reduce -0.7% |
| VEA Vanguard Ftse Developed ETF | 0.83% | 123,222 | $7.4M | Add +0.8% |
| XLE SS Energy Select Sector | 0.76% | 75,938 | $6.8M | Reduce -0.2% |
| IYH iShares U.S. Healthcare ETF | 0.54% | 81,669 | $4.8M | Reduce -0.9% |
| IWD iShares Russell 1000 Value E | 0.46% | 19,956 | $4.1M | Reduce -2.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.39% | 39,859 | $3.5M | Add +130.6% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.36% | 18,356 | $3.2M | Add +1.1% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.34% | 32,464 | $3.1M | Add +0.8% |
| IYC iShares US Consumer Discreti | 0.31% | 26,416 | $2.8M | Reduce -4.5% |
| IJS iShares S&P Small-Cap 600 Va | 0.23% | 18,284 | $2.0M | Add +0.9% |
| IYJ iShares U.S. Industrials ETF | 0.19% | 11,819 | $1.7M | Reduce -1.3% |
| XLRE SS Real Estate Select Sector | 0.15% | 31,861 | $1.3M | Reduce -0.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.15% | 4,469 | $1.3M | Reduce -3.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 4,835 | $1.2M | Reduce -3.2% |
| SHW The Sherwin-Williams Co. | 0.14% | 3,471 | $1.2M | No change |
| XLB SS Materials Select Sector | 0.13% | 12,992 | $1.2M | Reduce -0.1% |
| IWR iShares Russell Mid-Cap ETF | 0.12% | 11,099 | $1.1M | Add +8.4% |
| IWM iShares Russell 2000 ETF | 0.11% | 4,212 | $1.0M | Add +12.6% |
| IYK iShares US Consumer Staples | 0.11% | 14,260 | $975K | Reduce -12.3% |
| TSLA Tesla Inc. | 0.08% | 1,634 | $727K | Add +0.6% |
| GOOG Alphabet Inc. Class C | 0.08% | 2,866 | $698K | Reduce -14.4% |
| LNWO Light & Wonder Inc. | 0.08% | 7,965 | $669K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 1,763 | $579K | New |
| META Meta Platforms Inc. Class A | 0.06% | 744 | $546K | No change |
| LRCX Lam Research Corp. | 0.05% | 3,500 | $469K | No change |
| FULT Fulton Financial Corp. | 0.05% | 21,517 | $401K | Reduce -23.2% |
| COR Cencora Inc. | 0.04% | 1,236 | $386K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.04% | 538 | $358K | Add +0.2% |
| GD General Dynamics Corp. | 0.04% | 1,040 | $355K | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.04% | 2,615 | $311K | Add +5.2% |
| ELV Elevance Health Inc. | 0.03% | 946 | $306K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.03% | 605 | $290K | No change |
| DVY iShares Select Dividend ETF | 0.03% | 2,021 | $287K | No change |
| UNH Unitedhealth Group Inc. | 0.03% | 830 | $287K | Reduce -14.9% |
| EEM iShares MSCI Emerging Market | 0.03% | 5,264 | $281K | Reduce -3.2% |
| WDAY Workday Inc. Class A | 0.03% | 993 | $239K | No change |
| T AT&T Inc. | 0.03% | 8,217 | $232K | Add +0.7% |
| OKE Oneok Inc. | 0.03% | 3,141 | $229K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 780 | $220K | No change |
| OPK Opko Health Inc. | 0.00% | 11,380 | $18K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -1.1% | 6.49% | −0.62 |
| MAR Marriott International Class A | Reduce -0.7% | 2.22% | −0.43 |
| V Visa Inc. Class A | Reduce -0.5% | 2.32% | −0.42 |
| CEG Constellation Energy | Reduce -1.1% | 3.08% | −0.37 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 2.64% | −0.36 |
| TMUS T-Mobile US Inc. | Reduce -0.6% | 2.51% | −0.33 |
| WMT Walmart Inc. | Reduce -1.6% | 2.83% | −0.25 |
| XLP SS Consumer Staples Sel Sect | Reduce -8.9% | 0.90% | −0.25 |
| XLF SS Financial Select Sector | Reduce -0.0% | 2.07% | −0.20 |
| JPM JPMorgan Chase & Co. | Reduce -1.0% | 3.88% | −0.19 |
| XLY SS Consumer Disc Select Sect | Reduce -6.0% | 1.64% | −0.15 |
| MRK Merck & Co. Inc. | Reduce -0.5% | 1.72% | −0.12 |
| XLV SS Health Care Select Sector | Reduce 0.0% | 1.27% | −0.12 |
| XLI SS Industrial Select Sector | Reduce -0.1% | 1.36% | −0.11 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.10 |
| XLK SS Technology Select Sector | Reduce -0.1% | 5.18% | −0.08 |
| IWF iShares Russell 1000 Growth | Reduce -1.2% | 2.13% | −0.08 |
| IYF iShares US Financials ETF | Reduce -0.7% | 0.85% | −0.07 |
| XLC SS Comm Select Sector SPDR | Reduce -0.2% | 1.83% | −0.07 |
| HD Home Depot Inc. | Reduce -0.6% | 2.29% | −0.06 |
| XLE SS Energy Select Sector | Reduce -0.2% | 0.76% | −0.06 |
| BLK BlackRock Inc. | Reduce -0.5% | 2.46% | −0.05 |
| IYH iShares U.S. Healthcare ETF | Reduce -0.9% | 0.54% | −0.05 |
| IWD iShares Russell 1000 Value E | Reduce -2.5% | 0.46% | −0.05 |
| IYC iShares US Consumer Discreti | Reduce -4.5% | 0.31% | −0.04 |
| IYK iShares US Consumer Staples | Reduce -12.3% | 0.11% | −0.04 |
| IYJ iShares U.S. Industrials ETF | Reduce -1.3% | 0.19% | −0.02 |
| FULT Fulton Financial Corp. | Reduce -23.2% | 0.05% | −0.02 |
| XLRE SS Real Estate Select Sector | Reduce -0.1% | 0.15% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -3.2% | 0.15% | −0.02 |
| XLB SS Materials Select Sector | Reduce -0.1% | 0.13% | −0.01 |
| IYW iShares Ustechnology ETF | Reduce -0.6% | 2.44% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.2% | 0.14% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -14.9% | 0.03% | −0.01 |
| EEM iShares MSCI Emerging Market | Reduce -3.2% | 0.03% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -14.4% | 0.08% | +0.00 |
| RTX RTX Corp. | Reduce -0.8% | 3.34% | +0.02 |
| CAT Caterpillar Inc. | Reduce -0.4% | 2.24% | +0.17 |
| ABBV Abbvie Inc. | Reduce -0.4% | 2.36% | +0.21 |
| NVDA Nvidia Corp. | Reduce -1.3% | 7.15% | +0.22 |
| AVGO Broadcom Inc. | Reduce -1.5% | 7.96% | +0.33 |
| AAPL Apple Inc. | Reduce -1.1% | 6.97% | +0.55 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 4.27% | +0.75 |
Portfolio Buys Q2 2025 → Q3 2025
| LLY Eli Lilly & Co. | Add +2684.0% | 2.94% | +2.82 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +130.6% | 0.39% | +0.21 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.07% | +0.07 |
| ELV Elevance Health Inc. | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +0.6% | 0.08% | +0.02 |
| IWM iShares Russell 2000 ETF | Add +12.6% | 0.11% | +0.01 |
| GD General Dynamics Corp. | Add +0.1% | 0.04% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +8.4% | 0.12% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +5.2% | 0.04% | +0.00 |
| IJS iShares S&P Small-Cap 600 Va | Add +0.9% | 0.23% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.04% | −0.00 |
| T AT&T Inc. | Add +0.7% | 0.03% | −0.00 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +0.8% | 0.34% | −0.02 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +1.1% | 0.36% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Add +0.8% | 0.83% | −0.06 |
| VYM Vanguard High DVD Yield ETF | Add +0.9% | 0.98% | −0.06 |
| XOM Exxon Mobil Corp. | Add +1.0% | 1.90% | −0.13 |
| MDLZ Mondelez International Inc. Class A | Add +1.0% | 1.40% | −0.29 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 71 | $980.6M | AAPL, AVGO, XLK, NVDA, GOOGL |
| Q1 2026 | 68 | $876.1M | AAPL, AVGO, NVDA, GOOGL, XLK |
| Q4 2025 | 70 | $930.4M | AVGO, AAPL, NVDA, MSFT, GOOGL |
| Q3 2025 | 71 | $888.2M | AVGO, NVDA, AAPL, MSFT, XLK |
| Q2 2025 | 70 | $786.4M | AVGO, MSFT, NVDA, AAPL, XLK |
| Q1 2025 | 69 | $716.7M | AAPL, NVDA, AVGO, MSFT, XLK |
| Q4 2024 | 69 | $808.5M | NVDA, AVGO, AAPL, MSFT, XLK |
| Q3 2024 | 73 | $773.9M | NVDA, AAPL, AVGO, MSFT, XLK |
| Q2 2024 | 49 | $716.6M | NVDA, AAPL, MSFT, AVGO, XLK |
| Q1 2024 | 69 | $675.2M | NVDA, MSFT, AAPL, AVGO, XLK |