WestEnd Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), WestEnd Advisors, LLC reported 367 stock positions worth $4.0 billion. Its top holding was SS Technology Select Sector (XLK) at 13.5% of the portfolio, followed by SS Health Care Select Sector (XLV, 8.8%) and SS Comm Select Sector SPDR (XLC, 8.2%). Compared with Q1 2025, it opened 15 new positions, sold out of 9, added to 85 and reduced 148. The biggest buy was a new position in iShares MSCI Emerg MRKT Asia (EEMA) and the biggest sale Vanguard Ftse Pacific ETF (VPL, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001351731
- Portfolio Value
- $4.0B (Q2 2025)
- SEC Filing
- 0001398344-25-013593 ↗ filed Jul 23, 2025
Holdings Value
Holdings 367 stocks · $4.0B
| XLK SS Technology Select Sector | 13.55% | 2,157,764 | $546.4M | Add +10.9% |
| XLV SS Health Care Select Sector | 8.77% | 2,624,490 | $353.8M | Reduce -4.6% |
| XLC SS Comm Select Sector SPDR | 8.17% | 3,035,947 | $329.5M | Add +53.9% |
| XLF SS Financial Select Sector | 7.77% | 5,981,623 | $313.3M | Reduce -24.6% |
| VEU Vanguard Ftse All-World Ex-U | 6.63% | 3,977,486 | $267.4M | Reduce -1.7% |
| XLY SS Consumer Disc Select Sect | 5.29% | 981,809 | $213.4M | Add +6.0% |
| XLP SS Consumer Staples Sel Sect | 4.66% | 2,320,650 | $187.9M | Reduce -5.7% |
| IGV iShares Expanded Tech-Softwa | 4.40% | 1,621,446 | $177.6M | Add +23.6% |
| VPL Vanguard Ftse Pacific ETF | 3.82% | 1,877,146 | $154.3M | Reduce -53.1% |
| EEMA iShares MSCI Emerg MRKT Asia | 3.80% | 1,855,227 | $153.2M | New |
| IEI iShares 3-7 Year Treasury Bo | 3.00% | 1,015,643 | $121.0M | Reduce -10.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.43% | 1,235,020 | $98.2M | Reduce -9.1% |
| TLT iShares 20+ Year Treasury BD | 1.73% | 788,523 | $69.6M | Reduce -9.3% |
| IEF iShares 7-10 Year Treasury B | 1.57% | 659,636 | $63.2M | Reduce -10.7% |
| NVDA Nvidia Corp. | 1.41% | 360,829 | $57.0M | Add +130.3% |
| TXN Texas Instruments Inc. | 1.32% | 257,404 | $53.4M | Add +30.4% |
| ORCL Oracle Corp. | 1.32% | 244,234 | $53.4M | Add +478790.2% |
| IEUR iShares Core MSCI Europe ETF | 1.32% | 804,906 | $53.3M | Reduce -3.2% |
| META Meta Platforms Inc. Class A | 1.29% | 70,756 | $52.2M | Add +5.4% |
| VCIT Vanguard Int-Term Corporate | 1.28% | 622,997 | $51.7M | Reduce -8.5% |
| MSFT Microsoft Corp. | 1.27% | 103,097 | $51.3M | Add +4.3% |
| JPM JPMorgan Chase & Co. | 1.22% | 169,492 | $49.1M | Reduce -12.0% |
| AMZN Amazon.com Inc. | 1.18% | 216,409 | $47.5M | Reduce -2.7% |
| MA Mastercard Inc. Class A | 1.09% | 78,118 | $43.9M | Reduce -5.1% |
| GOOGL Alphabet Inc. Class A | 1.08% | 248,069 | $43.7M | Add +112.4% |
| WMT Walmart Inc. | 1.04% | 430,046 | $42.1M | Reduce -15.8% |
| CRM Salesforce Inc. | 1.04% | 153,812 | $41.9M | Add +8.7% |
| AAPL Apple Inc. | 1.04% | 204,181 | $41.9M | Add +12.0% |
| MDT Medtronic PLC | 1.02% | 473,307 | $41.3M | Add +2.1% |
| CB Chubb Ltd. | 0.99% | 138,384 | $40.1M | Reduce -11.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.94% | 307,395 | $38.0M | Reduce -14.9% |
| TMUS T-Mobile US Inc. | 0.90% | 151,807 | $36.2M | Reduce -21.2% |
| TMO Thermo Fisher Scientific Inc. | 0.86% | 85,492 | $34.7M | Add +28.5% |
| PEP Pepsico Inc. | 0.85% | 258,259 | $34.1M | Add +8.1% |
| QCOM Qualcomm Inc. | 0.57% | 145,225 | $23.1M | Add +18.2% |
| WELL Welltower Inc. | 0.53% | 137,866 | $21.2M | Reduce -15.1% |
| UNH Unitedhealth Group Inc. | 0.49% | 63,601 | $19.8M | Reduce -8.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 11,061 | $6.8M | Reduce -42.9% |
| AOR iShares Core 60/40 Balanced | 0.07% | 44,423 | $2.7M | Reduce -54.3% |
| ACWI iShares MSCI Acwi ETF | 0.04% | 11,509 | $1.5M | Reduce -87.5% |
| IWB iShares Russell 1000 ETF | 0.01% | 1,184 | $402K | Add +19.8% |
| MCHI iShares MSCI China ETF | 0.01% | 5,449 | $300K | Reduce -3.8% |
| INDA iShares MSCI India ETF | 0.01% | 3,729 | $208K | New |
| EWT iShares MSCI Taiwan ETF | 0.00% | 3,023 | $174K | Reduce -3.8% |
| GLDM SPDR Gold Minishares Trust | 0.00% | 2,393 | $157K | Reduce -57.5% |
| EWN iShares MSCI Netherlands ETF | 0.00% | 1,959 | $107K | Reduce -5.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.00% | 1,296 | $106K | Reduce -45.1% |
| EWY iShares MSCI South Korea ETF | 0.00% | 1,470 | $106K | New |
| DBP Invesco DB Precious Metals F | 0.00% | 1,383 | $104K | New |
| DBA Invesco DB Agriculture Fund | 0.00% | 3,910 | $102K | New |
| IAI iShares U.S. Broker-Dealers | 0.00% | 527 | $89K | Reduce -89.9% |
| MLPX Global X MLP & Energy Infras | 0.00% | 1,155 | $72K | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.00% | 91 | $56K | Reduce -89.7% |
| VCLT Vanguard Long-Term Corp. Bond | 0.00% | 533 | $40K | Add +17.7% |
| PG The Procter & Gamble Co. | 0.00% | 202 | $32K | Reduce -1.0% |
| GOOG Alphabet Inc. Class C | 0.00% | 165 | $29K | Add +58.6% |
| AOM iShares Core 40/60 Moderate | 0.00% | 631 | $29K | Add +1007.0% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.00% | 519 | $28K | New |
| LLY Eli Lilly & Co. | 0.00% | 34 | $27K | Add +9.7% |
| VT Vanguard Tot World STK ETF | 0.00% | 202 | $26K | Add +51.9% |
| GS Goldman Sachs Group Inc. | 0.00% | 35 | $24K | Reduce -100.0% |
| MRK Merck & Co. Inc. | 0.00% | 285 | $23K | Reduce -99.9% |
| SPSB SS SPDR P St C Corp. ETF | 0.00% | 685 | $21K | Add +77.0% |
| NFLX Netflix Inc. | 0.00% | 15 | $20K | Add +66.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.00% | 40 | $19K | Reduce -24.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.00% | 236 | $19K | Add +67.4% |
| AVGO Broadcom Inc. | 0.00% | 69 | $19K | Reduce -6.8% |
| AOK iShares Core 30/70 Conservat | 0.00% | 476 | $19K | New |
| TSLA Tesla Inc. | 0.00% | 56 | $18K | Reduce -1.8% |
| UNP Union Pacific Corp. | 0.00% | 75 | $17K | No change |
| JNJ Johnson & Johnson | 0.00% | 104 | $16K | Add +13.0% |
| COST Costco Wholesale Corp. | 0.00% | 16 | $16K | No change |
| ABBV Abbvie Inc. | 0.00% | 77 | $14K | Add +11.6% |
| MBB iShares MBS ETF | 0.00% | 150 | $14K | No change |
| V Visa Inc. Class A | 0.00% | 38 | $13K | Reduce -44.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.00% | 40 | $12K | No change |
| ABT Abbott Laboratories | 0.00% | 75 | $10K | Add +11.9% |
| PM Philip Morris International | 0.00% | 56 | $10K | Reduce -1.8% |
| KO The Coca-Cola Co. | 0.00% | 140 | $10K | Reduce -1.4% |
| XLE SS Energy Select Sector | 0.00% | 109 | $9K | Reduce -76.9% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.00% | 31 | $9K | No change |
| ISRG Intuitive Surgical Inc. | 0.00% | 16 | $9K | Add +23.1% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.00% | 103 | $8K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.00% | 60 | $8K | Reduce -7.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.00% | 60 | $7K | Add +50.0% |
| INTU Intuit Inc. | 0.00% | 9 | $7K | No change |
| T AT&T Inc. | 0.00% | 242 | $7K | Add +52.2% |
| HD Home Depot Inc. | 0.00% | 19 | $7K | Reduce -5.0% |
| BSX Boston Scientific Corp. | 0.00% | 64 | $7K | Add +12.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.00% | 145 | $7K | Reduce -26.0% |
| GOVT iShares US Treasury Bond ETF | 0.00% | 285 | $7K | Add +17.8% |
| DUK Duke Energy Corp. | 0.00% | 55 | $6K | Reduce -74.1% |
| AMGN Amgen Inc. | 0.00% | 23 | $6K | Add +9.5% |
| TFLO iShares Treasury Floating Ra | 0.00% | 123 | $6K | No change |
| VZ Verizon Communications Inc. | 0.00% | 143 | $6K | Add +52.1% |
| NOW ServiceNow Inc. | 0.00% | 6 | $6K | No change |
| DVYA iShares Asia/Pacific Dividen | 0.00% | 160 | $6K | No change |
| PFE Pfizer Inc. | 0.00% | 245 | $6K | Add +11.9% |
| SYK Stryker Corp. | 0.00% | 15 | $6K | Add +15.4% |
| GILD Gilead Sciences Inc. | 0.00% | 53 | $6K | Add +12.8% |
Portfolio Sells Q1 2025 → Q2 2025
| VPL Vanguard Ftse Pacific ETF | Reduce -53.1% | 3.82% | −3.87 |
| XLF SS Financial Select Sector | Reduce -24.6% | 7.77% | −2.71 |
| XLV SS Health Care Select Sector | Reduce -4.6% | 8.77% | −1.89 |
| GS Goldman Sachs Group Inc. | Reduce -100.0% | 0.00% | −1.18 |
| MRK Merck & Co. Inc. | Reduce -99.9% | 0.00% | −0.88 |
| XLP SS Consumer Staples Sel Sect | Reduce -5.7% | 4.66% | −0.67 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -10.8% | 3.00% | −0.57 |
| UNH Unitedhealth Group Inc. | Reduce -8.4% | 0.49% | −0.47 |
| TMUS T-Mobile US Inc. | Reduce -21.2% | 0.90% | −0.47 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -9.1% | 2.43% | −0.41 |
| TLT iShares 20+ Year Treasury BD | Reduce -9.3% | 1.73% | −0.38 |
| IEF iShares 7-10 Year Treasury B | Reduce -10.7% | 1.57% | −0.30 |
| CB Chubb Ltd. | Reduce -11.8% | 0.99% | −0.26 |
| ACWI iShares MSCI Acwi ETF | Reduce -87.5% | 0.04% | −0.25 |
| TJX TJX Companies Inc. | Reduce -14.9% | 0.94% | −0.23 |
| VCIT Vanguard Int-Term Corporate | Reduce -8.5% | 1.28% | −0.20 |
| WMT Walmart Inc. | Reduce -15.8% | 1.04% | −0.15 |
| WELL Welltower Inc. | Reduce -15.1% | 0.53% | −0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -42.9% | 0.17% | −0.12 |
| MA Mastercard Inc. Class A | Reduce -5.1% | 1.09% | −0.11 |
| AOR iShares Core 60/40 Balanced | Reduce -54.3% | 0.07% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -12.0% | 1.22% | −0.04 |
| IAI iShares U.S. Broker-Dealers | Reduce -89.9% | 0.00% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -89.7% | 0.00% | −0.01 |
| EWL iShares MSCI Switzerland ETF | Sold out | 0.00% | −0.01 |
| IEUR iShares Core MSCI Europe ETF | Reduce -3.2% | 1.32% | −0.01 |
| GLDM SPDR Gold Minishares Trust | Reduce -57.5% | 0.00% | −0.01 |
| DBE Invesco DB Energy Fund | Sold out | 0.00% | −0.00 |
| DBB Invesco DB Base Metals Fund | Sold out | 0.00% | −0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -45.1% | 0.00% | −0.00 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.00 |
| EWS iShares MSCI Singapore ETF | Sold out | 0.00% | −0.00 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.00 |
| XLE SS Energy Select Sector | Reduce -76.9% | 0.00% | −0.00 |
| MCHI iShares MSCI China ETF | Reduce -3.8% | 0.01% | −0.00 |
| DUK Duke Energy Corp. | Reduce -74.1% | 0.00% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -24.5% | 0.00% | −0.00 |
| MU Micron Technology Inc. | Reduce -88.2% | 0.00% | −0.00 |
| V Visa Inc. Class A | Reduce -44.9% | 0.00% | −0.00 |
| MLPX Global X MLP & Energy Infras | Reduce -0.1% | 0.00% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -1.0% | 0.00% | −0.00 |
| AFL Aflac Inc. | Reduce -33.3% | 0.00% | 0.00 |
| ALL Allstate Corp. | Reduce -25.0% | 0.00% | 0.00 |
| MO Altria Group Inc. | Reduce -3.2% | 0.00% | 0.00 |
| AXP American Express Co. | Reduce -25.0% | 0.00% | 0.00 |
| AIG American International Group | Reduce -27.8% | 0.00% | 0.00 |
| AMP Ameriprise Financial Inc. | Reduce -33.3% | 0.00% | 0.00 |
| APH Amphenol Corp. Class A | Reduce -5.3% | 0.00% | 0.00 |
| APO Apollo Global Management Inc. | Reduce -23.1% | 0.00% | 0.00 |
| AMAT Applied Materials Inc. | Reduce -7.7% | 0.00% | 0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| EEMA iShares MSCI Emerg MRKT Asia | New | 3.80% | +3.80 |
| XLC SS Comm Select Sector SPDR | Add +53.9% | 8.17% | +3.12 |
| XLK SS Technology Select Sector | Add +10.9% | 13.55% | +2.89 |
| ORCL Oracle Corp. | Add +478790.2% | 1.32% | +1.32 |
| IGV iShares Expanded Tech-Softwa | Add +23.6% | 4.40% | +1.30 |
| NVDA Nvidia Corp. | Add +130.3% | 1.41% | +0.96 |
| GOOGL Alphabet Inc. Class A | Add +112.4% | 1.08% | +0.60 |
| XLY SS Consumer Disc Select Sect | Add +6.0% | 5.29% | +0.44 |
| TXN Texas Instruments Inc. | Add +30.4% | 1.32% | +0.38 |
| MSFT Microsoft Corp. | Add +4.3% | 1.27% | +0.29 |
| META Meta Platforms Inc. Class A | Add +5.4% | 1.29% | +0.27 |
| QCOM Qualcomm Inc. | Add +18.2% | 0.57% | +0.07 |
| CRM Salesforce Inc. | Add +8.7% | 1.04% | +0.03 |
| INDA iShares MSCI India ETF | New | 0.01% | +0.01 |
| DBP Invesco DB Precious Metals F | New | 0.00% | +0.00 |
| EWY iShares MSCI South Korea ETF | New | 0.00% | +0.00 |
| DBA Invesco DB Agriculture Fund | New | 0.00% | +0.00 |
| IWB iShares Russell 1000 ETF | Add +19.8% | 0.01% | +0.00 |
| IGIB iShares 5-10Y Inv Grade Corp. | New | 0.00% | +0.00 |
| AOM iShares Core 40/60 Moderate | Add +1007.0% | 0.00% | +0.00 |
| AOK iShares Core 30/70 Conservat | New | 0.00% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +58.6% | 0.00% | +0.00 |
| NFLX Netflix Inc. | Add +66.7% | 0.00% | +0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +67.4% | 0.00% | +0.00 |
| SPSB SS SPDR P St C Corp. ETF | Add +77.0% | 0.00% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +51.9% | 0.00% | +0.00 |
| T AT&T Inc. | Add +52.2% | 0.00% | +0.00 |
| DIS The Walt Disney Co. | Add +50.0% | 0.00% | +0.00 |
| SCHB Schwab US Broad Market ETF | New | 0.00% | +0.00 |
| VCLT Vanguard Long-Term Corp. Bond | Add +17.7% | 0.00% | +0.00 |
| ABT Abbott Laboratories | Add +11.9% | 0.00% | 0.00 |
| ABBV Abbvie Inc. | Add +11.6% | 0.00% | 0.00 |
| A Agilent Technologies Inc. | Add +9.1% | 0.00% | 0.00 |
| COR Cencora Inc. | Add +16.7% | 0.00% | 0.00 |
| AMGN Amgen Inc. | Add +9.5% | 0.00% | 0.00 |
| ELV Elevance Health Inc. | Add +11.1% | 0.00% | 0.00 |
| BAX Baxter International Inc. | Add +10.0% | 0.00% | 0.00 |
| BDX Becton Dickinson and Co. | Add +9.1% | 0.00% | 0.00 |
| BSX Boston Scientific Corp. | Add +12.3% | 0.00% | 0.00 |
| BMY Bristol-Myers Squibb Co. | Add +11.4% | 0.00% | 0.00 |
| CI The Cigna Group | Add +9.1% | 0.00% | 0.00 |
| CVS CVS Health Corp. | Add +10.2% | 0.00% | 0.00 |
| COF Capital One Financial Corp. | Add +16.7% | 0.00% | 0.00 |
| CAH Cardinal Health Inc. | Add +11.1% | 0.00% | 0.00 |
| CNC Centene Corp. | Add +10.0% | 0.00% | 0.00 |
| CHTR Charter Communications Inc. Class A | Add +50.0% | 0.00% | 0.00 |
| COIN Coinbase Global Inc. Class A | New | 0.00% | 0.00 |
| CMCSA Comcast Corp. Class A | Add +46.5% | 0.00% | 0.00 |
| COO The Cooper Cos Inc. | Add +12.5% | 0.00% | 0.00 |
| DHR Danaher Corp. | Add +12.0% | 0.00% | 0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| IOO iShares Global 100 ETF | GLOBAL 100 ETF | Sold out | 0 | $44before exit |
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 |