WestEnd Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), WestEnd Advisors, LLC reported 361 stock positions worth $3.8 billion. Its top holding was SS Technology Select Sector (XLK) at 10.7% of the portfolio, followed by SS Health Care Select Sector (XLV, 10.7%) and SS Financial Select Sector (XLF, 10.5%). Compared with Q4 2024, it opened 28 new positions, sold out of 7, added to 274 and reduced 49. The biggest buy was iShares Expanded Tech-Softwa (IGV, shares +153%) and the biggest sale iShares U.S. Broker-Dealers (IAI, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001351731
- Portfolio Value
- $3.8B (Q1 2025)
- SEC Filing
- 0001398344-25-007692 ↗ filed Apr 25, 2025
Holdings Value
Holdings 361 stocks · $3.8B
| XLK SS Technology Select Sector | 10.66% | 1,945,917 | $401.8M | Reduce -1.1% |
| XLV SS Health Care Select Sector | 10.66% | 2,750,662 | $401.6M | Add +2.1% |
| XLF SS Financial Select Sector | 10.48% | 7,928,763 | $394.9M | Reduce -4.2% |
| VPL Vanguard Ftse Pacific ETF | 7.69% | 4,000,019 | $289.8M | Add +0.7% |
| VEU Vanguard Ftse All-World Ex-U | 6.51% | 4,046,391 | $245.5M | Reduce -2.9% |
| XLP SS Consumer Staples Sel Sect | 5.33% | 2,460,382 | $200.9M | Reduce -3.6% |
| XLC SS Comm Select Sector SPDR | 5.05% | 1,972,555 | $190.3M | Reduce -8.1% |
| XLY SS Consumer Disc Select Sect | 4.85% | 925,968 | $182.8M | Reduce -4.7% |
| IEI iShares 3-7 Year Treasury Bo | 3.57% | 1,138,427 | $134.5M | Reduce -1.3% |
| IGV iShares Expanded Tech-Softwa | 3.10% | 1,311,777 | $116.7M | Add +153.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.85% | 1,359,059 | $107.3M | Reduce -2.3% |
| TLT iShares 20+ Year Treasury BD | 2.10% | 869,703 | $79.2M | Add +6.0% |
| IEF iShares 7-10 Year Treasury B | 1.87% | 738,973 | $70.5M | Reduce -2.3% |
| VCIT Vanguard Int-Term Corporate | 1.48% | 680,772 | $55.7M | Reduce -0.7% |
| TMUS T-Mobile US Inc. | 1.36% | 192,582 | $51.4M | Reduce -5.6% |
| IEUR iShares Core MSCI Europe ETF | 1.33% | 831,236 | $50.0M | Reduce -4.5% |
| CB Chubb Ltd. | 1.26% | 156,995 | $47.4M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 1.25% | 192,638 | $47.3M | Reduce -5.0% |
| MA Mastercard Inc. Class A | 1.20% | 82,314 | $45.1M | Reduce -5.0% |
| WMT Walmart Inc. | 1.19% | 511,054 | $44.9M | Reduce -3.2% |
| GS Goldman Sachs Group Inc. | 1.18% | 81,671 | $44.6M | Reduce -4.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.17% | 361,360 | $44.0M | Reduce -5.1% |
| AMZN Amazon.com Inc. | 1.12% | 222,428 | $42.3M | Reduce -5.0% |
| MDT Medtronic PLC | 1.11% | 463,511 | $41.7M | Reduce -1.6% |
| AAPL Apple Inc. | 1.07% | 182,244 | $40.5M | Reduce -4.8% |
| META Meta Platforms Inc. Class A | 1.03% | 67,138 | $38.7M | Reduce -4.6% |
| CRM Salesforce Inc. | 1.01% | 141,542 | $38.0M | Reduce -5.3% |
| MSFT Microsoft Corp. | 0.98% | 98,870 | $37.1M | Reduce -5.1% |
| UNH Unitedhealth Group Inc. | 0.97% | 69,475 | $36.4M | Reduce -3.8% |
| PEP Pepsico Inc. | 0.95% | 238,972 | $35.8M | Add +22.4% |
| TXN Texas Instruments Inc. | 0.94% | 197,341 | $35.5M | Add +22.1% |
| MRK Merck & Co. Inc. | 0.89% | 371,727 | $33.4M | Add +0.4% |
| TMO Thermo Fisher Scientific Inc. | 0.88% | 66,542 | $33.1M | Add +6.3% |
| WELL Welltower Inc. | 0.66% | 162,446 | $24.9M | Reduce -4.8% |
| QCOM Qualcomm Inc. | 0.50% | 122,843 | $18.9M | Reduce -2.9% |
| GOOGL Alphabet Inc. Class A | 0.48% | 116,802 | $18.1M | Reduce -6.3% |
| NVDA Nvidia Corp. | 0.45% | 156,695 | $17.0M | Reduce -5.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 19,372 | $10.8M | Reduce -63.8% |
| ACWI iShares MSCI Acwi ETF | 0.29% | 92,423 | $10.8M | Add +5.4% |
| AOR iShares Core 60/40 Balanced | 0.15% | 97,105 | $5.6M | Reduce -60.6% |
| IAI iShares U.S. Broker-Dealers | 0.02% | 5,207 | $730K | Reduce -99.3% |
| IVV iShares Core S&P 500 ETF | 0.01% | 881 | $495K | Reduce -43.9% |
| GLDM SPDR Gold Minishares Trust | 0.01% | 5,635 | $349K | Add +25.2% |
| MCHI iShares MSCI China ETF | 0.01% | 5,662 | $308K | New |
| IWB iShares Russell 1000 ETF | 0.01% | 988 | $303K | Reduce -5.5% |
| EWL iShares MSCI Switzerland ETF | 0.01% | 3,991 | $207K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.00% | 2,360 | $186K | Reduce -81.6% |
| EWT iShares MSCI Taiwan ETF | 0.00% | 3,142 | $149K | Add +175.6% |
| DBE Invesco DB Energy Fund | 0.00% | 5,622 | $110K | New |
| DBB Invesco DB Base Metals Fund | 0.00% | 5,586 | $107K | Add +4.9% |
| EWN iShares MSCI Netherlands ETF | 0.00% | 2,068 | $97K | Add +158.5% |
| XLI SS Industrial Select Sector | 0.00% | 600 | $79K | Add +325.5% |
| MLPX Global X MLP & Energy Infras | 0.00% | 1,156 | $74K | Reduce -53.8% |
| XLE SS Energy Select Sector | 0.00% | 471 | $44K | Reduce -56.8% |
| EWS iShares MSCI Singapore ETF | 0.00% | 1,792 | $43K | Add +166.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.00% | 428 | $35K | New |
| PG The Procter & Gamble Co. | 0.00% | 204 | $35K | Add +41.7% |
| VCLT Vanguard Long-Term Corp. Bond | 0.00% | 453 | $34K | Reduce -62.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.00% | 53 | $28K | Add +211.8% |
| DUK Duke Energy Corp. | 0.00% | 212 | $26K | Reduce -95.0% |
| LLY Eli Lilly & Co. | 0.00% | 31 | $26K | Add +210.0% |
| V Visa Inc. Class A | 0.00% | 69 | $24K | Reduce -94.6% |
| UNP Union Pacific Corp. | 0.00% | 75 | $18K | No change |
| GOOG Alphabet Inc. Class C | 0.00% | 104 | $16K | Add +205.9% |
| VT Vanguard Tot World STK ETF | 0.00% | 133 | $15K | Reduce -95.8% |
| JNJ Johnson & Johnson | 0.00% | 92 | $15K | Add +130.0% |
| COST Costco Wholesale Corp. | 0.00% | 16 | $15K | Add +220.0% |
| TSLA Tesla Inc. | 0.00% | 57 | $15K | Add +235.3% |
| ABBV Abbvie Inc. | 0.00% | 69 | $14K | Add +38.0% |
| MBB iShares MBS ETF | 0.00% | 150 | $14K | No change |
| AVGO Broadcom Inc. | 0.00% | 74 | $12K | Add +252.4% |
| MU Micron Technology Inc. | 0.00% | 136 | $12K | Reduce -80.8% |
| SPSB SS SPDR P St C Corp. ETF | 0.00% | 387 | $12K | Reduce -41.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.00% | 141 | $11K | Reduce -39.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.00% | 40 | $11K | Add +2.6% |
| KO The Coca-Cola Co. | 0.00% | 142 | $10K | Add +208.7% |
| PM Philip Morris International | 0.00% | 57 | $9K | Add +200.0% |
| ABT Abbott Laboratories | 0.00% | 67 | $9K | Add +191.3% |
| NFLX Netflix Inc. | 0.00% | 9 | $8K | Add +200.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.00% | 196 | $8K | Add +192.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.00% | 31 | $8K | Reduce -81.5% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.00% | 103 | $8K | No change |
| HD Home Depot Inc. | 0.00% | 20 | $7K | Add +233.3% |
| ORCL Oracle Corp. | 0.00% | 51 | $7K | Add +410.0% |
| WFC Wells Fargo & Co. | 0.00% | 97 | $7K | Add +193.9% |
| AMGN Amgen Inc. | 0.00% | 21 | $7K | Add +200.0% |
| ISRG Intuitive Surgical Inc. | 0.00% | 13 | $6K | Add +160.0% |
| TFLO iShares Treasury Floating Ra | 0.00% | 123 | $6K | No change |
| BSX Boston Scientific Corp. | 0.00% | 57 | $6K | Add +200.0% |
| DVYA iShares Asia/Pacific Dividen | 0.00% | 160 | $6K | No change |
| GOVT iShares US Treasury Bond ETF | 0.00% | 242 | $6K | Add +0.8% |
| PFE Pfizer Inc. | 0.00% | 219 | $6K | Add +192.0% |
| INTU Intuit Inc. | 0.00% | 9 | $6K | Add +350.0% |
| PLTR Palantir Technologies Inc. Class A | 0.00% | 65 | $5K | Add +400.0% |
| GILD Gilead Sciences Inc. | 0.00% | 47 | $5K | Add +193.8% |
| DHR Danaher Corp. | 0.00% | 25 | $5K | Add +212.5% |
| ADBE Adobe Inc. | 0.00% | 13 | $5K | Add +333.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.00% | 10 | $5K | Add +233.3% |
| SYK Stryker Corp. | 0.00% | 13 | $5K | Add +160.0% |
| BMY Bristol-Myers Squibb Co. | 0.00% | 79 | $5K | Add +192.6% |
Lines left out (1) · $44 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| IOO iShares Global 100 ETF | GLOBAL 100 ETF | 0 | $44 |
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: $3.8B.
Portfolio Sells Q4 2024 → Q1 2025
| IAI iShares U.S. Broker-Dealers | Reduce -99.3% | 0.02% | −2.58 |
| XLK SS Technology Select Sector | Reduce -1.1% | 10.66% | −0.99 |
| XLY SS Consumer Disc Select Sect | Reduce -4.7% | 4.85% | −0.70 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -63.8% | 0.29% | −0.51 |
| CRM Salesforce Inc. | Reduce -5.3% | 1.01% | −0.26 |
| XLC SS Comm Select Sector SPDR | Reduce -8.1% | 5.05% | −0.24 |
| AOR iShares Core 60/40 Balanced | Reduce -60.6% | 0.15% | −0.21 |
| AMZN Amazon.com Inc. | Reduce -5.0% | 1.12% | −0.18 |
| AAPL Apple Inc. | Reduce -4.8% | 1.07% | −0.15 |
| MSFT Microsoft Corp. | Reduce -5.1% | 0.98% | −0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -6.3% | 0.48% | −0.12 |
| NVDA Nvidia Corp. | Reduce -5.2% | 0.45% | −0.11 |
| GS Goldman Sachs Group Inc. | Reduce -4.9% | 1.18% | −0.07 |
| WMT Walmart Inc. | Reduce -3.2% | 1.19% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -4.6% | 1.03% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -81.6% | 0.00% | −0.02 |
| DUK Duke Energy Corp. | Reduce -95.0% | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -43.9% | 0.01% | −0.01 |
| V Visa Inc. Class A | Reduce -94.6% | 0.00% | −0.01 |
| VT Vanguard Tot World STK ETF | Reduce -95.8% | 0.00% | −0.01 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.00 |
| NKE Nike Inc. Class B | Reduce -99.0% | 0.00% | −0.00 |
| TJX TJX Companies Inc. | Reduce -5.1% | 1.17% | −0.00 |
| XLRE SS Real Estate Select Sector | Reduce -98.7% | 0.00% | −0.00 |
| DBA Invesco DB Agriculture Fund | Sold out | 0.00% | −0.00 |
| AOM iShares Core 40/60 Moderate | Reduce -97.7% | 0.00% | −0.00 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.00 |
| MLPX Global X MLP & Energy Infras | Reduce -53.8% | 0.00% | −0.00 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -62.6% | 0.00% | −0.00 |
| MU Micron Technology Inc. | Reduce -80.8% | 0.00% | −0.00 |
| XLE SS Energy Select Sector | Reduce -56.8% | 0.00% | −0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -81.5% | 0.00% | −0.00 |
| IGIB iShares 5-10Y Inv Grade Corp. | Sold out | 0.00% | −0.00 |
| IWB iShares Russell 1000 ETF | Reduce -5.5% | 0.01% | −0.00 |
| AOK iShares Core 30/70 Conservat | Sold out | 0.00% | −0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -39.5% | 0.00% | −0.00 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -41.4% | 0.00% | −0.00 |
| BWA Borgwarner Inc. | Sold out | 0.00% | 0.00 |
| CMCSA Comcast Corp. Class A | Reduce -11.3% | 0.00% | 0.00 |
| TFX Teleflex Inc. | Sold out | 0.00% | 0.00 |
| QCOM Qualcomm Inc. | Reduce -2.9% | 0.50% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -5.0% | 1.25% | +0.02 |
| MA Mastercard Inc. Class A | Reduce -5.0% | 1.20% | +0.03 |
| UNH Unitedhealth Group Inc. | Reduce -3.8% | 0.97% | +0.03 |
| VCIT Vanguard Int-Term Corporate | Reduce -0.7% | 1.48% | +0.08 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -2.3% | 2.85% | +0.08 |
| IEF iShares 7-10 Year Treasury B | Reduce -2.3% | 1.87% | +0.09 |
| WELL Welltower Inc. | Reduce -4.8% | 0.66% | +0.11 |
| IEUR iShares Core MSCI Europe ETF | Reduce -4.5% | 1.33% | +0.13 |
| CB Chubb Ltd. | Reduce -1.0% | 1.26% | +0.14 |
Portfolio Buys Q4 2024 → Q1 2025
| IGV iShares Expanded Tech-Softwa | Add +153.4% | 3.10% | +1.78 |
| XLV SS Health Care Select Sector | Add +2.1% | 10.66% | +1.22 |
| VPL Vanguard Ftse Pacific ETF | Add +0.7% | 7.69% | +0.51 |
| TLT iShares 20+ Year Treasury BD | Add +6.0% | 2.10% | +0.28 |
| PEP Pepsico Inc. | Add +22.4% | 0.95% | +0.19 |
| TXN Texas Instruments Inc. | Add +22.1% | 0.94% | +0.17 |
| TMO Thermo Fisher Scientific Inc. | Add +6.3% | 0.88% | +0.05 |
| ACWI iShares MSCI Acwi ETF | Add +5.4% | 0.29% | +0.02 |
| MCHI iShares MSCI China ETF | New | 0.01% | +0.01 |
| EWL iShares MSCI Switzerland ETF | New | 0.01% | +0.01 |
| GLDM SPDR Gold Minishares Trust | Add +25.2% | 0.01% | +0.00 |
| DBE Invesco DB Energy Fund | New | 0.00% | +0.00 |
| EWT iShares MSCI Taiwan ETF | Add +175.6% | 0.00% | +0.00 |
| EWN iShares MSCI Netherlands ETF | Add +158.5% | 0.00% | +0.00 |
| XLI SS Industrial Select Sector | Add +325.5% | 0.00% | +0.00 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.00% | +0.00 |
| EWS iShares MSCI Singapore ETF | Add +166.3% | 0.00% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +211.8% | 0.00% | +0.00 |
| LLY Eli Lilly & Co. | Add +210.0% | 0.00% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +205.9% | 0.00% | +0.00 |
| COST Costco Wholesale Corp. | Add +220.0% | 0.00% | +0.00 |
| DBB Invesco DB Base Metals Fund | Add +4.9% | 0.00% | +0.00 |
| JNJ Johnson & Johnson | Add +130.0% | 0.00% | +0.00 |
| PG The Procter & Gamble Co. | Add +41.7% | 0.00% | +0.00 |
| ABT Abbott Laboratories | Add +191.3% | 0.00% | +0.00 |
| ABBV Abbvie Inc. | Add +38.0% | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +252.4% | 0.00% | +0.00 |
| KO The Coca-Cola Co. | Add +208.7% | 0.00% | +0.00 |
| NFLX Netflix Inc. | Add +200.0% | 0.00% | +0.00 |
| PM Philip Morris International | Add +200.0% | 0.00% | +0.00 |
| TSLA Tesla Inc. | Add +235.3% | 0.00% | +0.00 |
| T AT&T Inc. | Add +200.0% | 0.00% | +0.00 |
| ADBE Adobe Inc. | Add +333.3% | 0.00% | +0.00 |
| MO Altria Group Inc. | Add +215.0% | 0.00% | +0.00 |
| AXP American Express Co. | Add +166.7% | 0.00% | +0.00 |
| AMGN Amgen Inc. | Add +200.0% | 0.00% | +0.00 |
| ELV Elevance Health Inc. | Add +200.0% | 0.00% | +0.00 |
| BAC Bank of America Corp. | Add +192.5% | 0.00% | +0.00 |
| BLK BlackRock Inc. | New | 0.00% | +0.00 |
| BSX Boston Scientific Corp. | Add +200.0% | 0.00% | +0.00 |
| BMY Bristol-Myers Squibb Co. | Add +192.6% | 0.00% | +0.00 |
| CI The Cigna Group | Add +175.0% | 0.00% | +0.00 |
| CVS CVS Health Corp. | Add +188.2% | 0.00% | +0.00 |
| CSCO Cisco Systems Inc. | Add +244.4% | 0.00% | +0.00 |
| C Citigroup Inc. | Add +194.7% | 0.00% | +0.00 |
| CL Colgate-Palmolive Co. | Add +210.0% | 0.00% | +0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +600.0% | 0.00% | +0.00 |
| DHR Danaher Corp. | Add +212.5% | 0.00% | +0.00 |
| DIS The Walt Disney Co. | Add +207.7% | 0.00% | +0.00 |
| FISV Fiserv Inc. | Add +220.0% | 0.00% | +0.00 |
Notes & Other Activity Q4 2024 → Q1 2025
| IOO iShares Global 100 ETF | GLOBAL 100 ETF | Reduce -100.0% | 0 | $44 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 408 | $4.5B | XLK, XLF, IEUR, XLV, VEU |
| Q1 2026 | 391 | $4.1B | XLK, XLF, XLC, VEU, XLV |
| Q4 2025 | 389 | $4.3B | XLK, XLF, XLC, XLV, VEU |
| Q3 2025 | 390 | $4.3B | XLK, XLC, XLF, XLV, VEU |
| Q2 2025 | 367 | $4.0B | XLK, XLV, XLC, XLF, VEU |
| Q1 2025 | 361 | $3.8B | XLK, XLV, XLF, VPL, VEU |
| Q4 2024 | 341 | $3.9B | XLK, XLF, XLV, VPL, VEU |
| Q3 2024 | 398 | $4.1B | XLK, XLV, VEU, VPL, XLF |
| Q2 2024 | 365 | $3.9B | XLK, XLV, VEU, VPL, XLC |
| Q1 2024 | 354 | $3.9B | XLV, XLK, VEU, VPL, XLC |