WestEnd Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), WestEnd Advisors, LLC reported 390 stock positions worth $4.3 billion. Its top holding was SS Technology Select Sector (XLK) at 11.9% of the portfolio, followed by SS Comm Select Sector SPDR (XLC, 8.1%) and SS Financial Select Sector (XLF, 7.7%). Compared with Q2 2025, it opened 45 new positions, sold out of 22, added to 106 and reduced 128. The biggest buy was a new position in iShares Expanded Tech Sector (IGM) and the biggest sale iShares Expanded Tech-Softwa (IGV, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001351731
- Portfolio Value
- $4.3B (Q3 2025)
- SEC Filing
- 0001398344-25-019523 ↗ filed Oct 22, 2025
Holdings Value
Holdings 390 stocks · $4.3B
| XLK SS Technology Select Sector | 11.93% | 1,810,509 | $510.3M | Reduce -16.1% |
| XLC SS Comm Select Sector SPDR | 8.08% | 2,919,133 | $345.5M | Reduce -3.9% |
| XLF SS Financial Select Sector | 7.73% | 6,140,116 | $330.8M | Add +2.6% |
| XLV SS Health Care Select Sector | 6.64% | 2,041,262 | $284.1M | Reduce -22.2% |
| VEU Vanguard Ftse All-World Ex-U | 6.36% | 3,808,858 | $271.8M | Reduce -4.2% |
| XLY SS Consumer Disc Select Sect | 5.31% | 946,763 | $226.9M | Reduce -3.6% |
| IGM iShares Expanded Tech Sector | 5.26% | 1,784,481 | $224.8M | New |
| XLP SS Consumer Staples Sel Sect | 4.76% | 2,597,245 | $203.5M | Add +11.9% |
| EEMA iShares MSCI Emerg MRKT Asia | 3.94% | 1,834,663 | $168.3M | Reduce -1.1% |
| VPL Vanguard Ftse Pacific ETF | 3.77% | 1,837,058 | $161.4M | Reduce -2.1% |
| IEI iShares 3-7 Year Treasury Bo | 3.23% | 1,155,466 | $138.1M | Add +13.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.60% | 1,390,364 | $111.1M | Add +12.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.53% | 1,240,216 | $108.2M | Add +95595.7% |
| TLT iShares 20+ Year Treasury BD | 1.93% | 923,315 | $82.5M | Add +17.1% |
| IEF iShares 7-10 Year Treasury B | 1.69% | 751,166 | $72.5M | Add +13.9% |
| NVDA Nvidia Corp. | 1.55% | 356,003 | $66.4M | Reduce -1.3% |
| VCIT Vanguard Int-Term Corporate | 1.35% | 687,575 | $57.8M | Add +10.4% |
| ORCL Oracle Corp. | 1.27% | 192,685 | $54.2M | Reduce -21.1% |
| IEUR iShares Core MSCI Europe ETF | 1.26% | 793,465 | $54.1M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 1.26% | 221,451 | $53.8M | Reduce -10.7% |
| JPM JPMorgan Chase & Co. | 1.24% | 167,457 | $52.8M | Reduce -1.2% |
| MSFT Microsoft Corp. | 1.23% | 101,406 | $52.5M | Reduce -1.6% |
| AAPL Apple Inc. | 1.20% | 201,961 | $51.4M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 1.09% | 212,159 | $46.6M | Reduce -2.0% |
| MDT Medtronic PLC | 1.03% | 464,734 | $44.3M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 1.02% | 76,967 | $43.8M | Reduce -1.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.02% | 302,096 | $43.7M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 1.02% | 59,423 | $43.6M | Reduce -16.0% |
| WMT Walmart Inc. | 1.02% | 422,996 | $43.6M | Reduce -1.6% |
| TMO Thermo Fisher Scientific Inc. | 1.00% | 88,193 | $42.8M | Add +3.2% |
| SPGI S&P Global Inc. | 0.91% | 79,801 | $38.8M | Add +1139914.3% |
| TXN Texas Instruments Inc. | 0.90% | 208,834 | $38.4M | Reduce -18.9% |
| CB Chubb Ltd. | 0.90% | 135,785 | $38.3M | Reduce -1.9% |
| TMUS T-Mobile US Inc. | 0.84% | 149,340 | $35.7M | Reduce -1.6% |
| CRM Salesforce Inc. | 0.83% | 150,555 | $35.7M | Reduce -2.1% |
| PEP Pepsico Inc. | 0.83% | 252,599 | $35.5M | Reduce -2.2% |
| WELL Welltower Inc. | 0.56% | 135,609 | $24.2M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 0.56% | 143,087 | $23.8M | Reduce -1.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 12,130 | $8.1M | Add +9.7% |
| IGV iShares Expanded Tech-Softwa | 0.04% | 13,551 | $1.6M | Reduce -99.2% |
| ACWI iShares MSCI Acwi ETF | 0.03% | 10,763 | $1.5M | Reduce -6.5% |
| AOR iShares Core 60/40 Balanced | 0.03% | 17,560 | $1.1M | Reduce -60.5% |
| IWB iShares Russell 1000 ETF | 0.01% | 897 | $328K | Reduce -24.2% |
| EWJ iShares MSCI Japan ETF | 0.01% | 2,852 | $229K | New |
| UNH Unitedhealth Group Inc. | 0.01% | 641 | $221K | Reduce -99.0% |
| GLDM SPDR Gold Minishares Trust | 0.00% | 2,581 | $197K | Add +7.9% |
| DBB Invesco DB Base Metals Fund | 0.00% | 5,357 | $110K | New |
| DBA Invesco DB Agriculture Fund | 0.00% | 3,897 | $104K | Reduce -0.3% |
| XLI SS Industrial Select Sector | 0.00% | 630 | $97K | New |
| IAI iShares U.S. Broker-Dealers | 0.00% | 505 | $89K | Reduce -4.2% |
| EWT iShares MSCI Taiwan ETF | 0.00% | 1,282 | $82K | Reduce -57.6% |
| MLPX Global X MLP & Energy Infras | 0.00% | 1,258 | $79K | Add +8.9% |
| IVV iShares Core S&P 500 ETF | 0.00% | 96 | $64K | Add +5.5% |
| INDA iShares MSCI India ETF | 0.00% | 1,213 | $63K | Reduce -67.5% |
| EWY iShares MSCI South Korea ETF | 0.00% | 620 | $50K | Reduce -57.8% |
| GOOG Alphabet Inc. Class C | 0.00% | 154 | $38K | Reduce -6.7% |
| PG The Procter & Gamble Co. | 0.00% | 213 | $33K | Add +5.5% |
| VCLT Vanguard Long-Term Corp. Bond | 0.00% | 406 | $32K | Reduce -23.8% |
| AVGO Broadcom Inc. | 0.00% | 87 | $29K | Add +26.1% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.00% | 506 | $27K | Reduce -2.5% |
| TSLA Tesla Inc. | 0.00% | 56 | $25K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.00% | 42 | $21K | Add +5.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.00% | 238 | $19K | Add +0.8% |
| GS Goldman Sachs Group Inc. | 0.00% | 24 | $19K | Reduce -31.4% |
| LLY Eli Lilly & Co. | 0.00% | 24 | $18K | Reduce -29.4% |
| MRK Merck & Co. Inc. | 0.00% | 213 | $18K | Reduce -25.3% |
| COST Costco Wholesale Corp. | 0.00% | 19 | $18K | Add +18.8% |
| NFLX Netflix Inc. | 0.00% | 14 | $17K | Reduce -6.7% |
| MBB iShares MBS ETF | 0.00% | 164 | $16K | Add +9.3% |
| JNJ Johnson & Johnson | 0.00% | 72 | $13K | Reduce -30.8% |
| V Visa Inc. Class A | 0.00% | 39 | $13K | Add +2.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.00% | 40 | $13K | No change |
| EWW iShares MSCI Mexico ETF | 0.00% | 183 | $12K | New |
| ABBV Abbvie Inc. | 0.00% | 53 | $12K | Reduce -31.2% |
| DUK Duke Energy Corp. | 0.00% | 90 | $11K | Add +63.6% |
| KO The Coca-Cola Co. | 0.00% | 163 | $11K | Add +16.4% |
| PM Philip Morris International | 0.00% | 65 | $11K | Add +16.1% |
| VT Vanguard Tot World STK ETF | 0.00% | 75 | $10K | Reduce -62.9% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.00% | 104 | $9K | Add +1.0% |
| XLE SS Energy Select Sector | 0.00% | 96 | $9K | Reduce -11.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.00% | 156 | $8K | Add +7.6% |
| HD Home Depot Inc. | 0.00% | 19 | $8K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.00% | 41 | $7K | Reduce -31.7% |
| NEE Nextera Energy Inc. | 0.00% | 95 | $7K | New |
| ABT Abbott Laboratories | 0.00% | 53 | $7K | Reduce -29.3% |
| TFLO iShares Treasury Floating Ra | 0.00% | 135 | $7K | Add +9.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.00% | 59 | $7K | Reduce -1.7% |
| T AT&T Inc. | 0.00% | 236 | $7K | Reduce -2.5% |
| WFC Wells Fargo & Co. | 0.00% | 73 | $6K | Add +1.4% |
| VZ Verizon Communications Inc. | 0.00% | 139 | $6K | Reduce -2.8% |
| UNP Union Pacific Corp. | 0.00% | 25 | $6K | Reduce -66.7% |
| GOVT iShares US Treasury Bond ETF | 0.00% | 242 | $6K | Reduce -15.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.00% | 18 | $5K | Add +38.5% |
| AMD Advanced Micro Devices | 0.00% | 31 | $5K | Add +24.0% |
| CSCO Cisco Systems Inc. | 0.00% | 73 | $5K | Add +23.7% |
| CEG Constellation Energy | 0.00% | 15 | $5K | New |
| SO The Southern Co. | 0.00% | 50 | $5K | New |
| MO Altria Group Inc. | 0.00% | 69 | $5K | Add +13.1% |
| AMGN Amgen Inc. | 0.00% | 16 | $5K | Reduce -30.4% |
| ISRG Intuitive Surgical Inc. | 0.00% | 10 | $4K | Reduce -37.5% |
Portfolio Sells Q2 2025 → Q3 2025
| IGV iShares Expanded Tech-Softwa | Reduce -99.2% | 0.04% | −4.37 |
| XLV SS Health Care Select Sector | Reduce -22.2% | 6.64% | −2.13 |
| XLK SS Technology Select Sector | Reduce -16.1% | 11.93% | −1.61 |
| UNH Unitedhealth Group Inc. | Reduce -99.0% | 0.01% | −0.49 |
| TXN Texas Instruments Inc. | Reduce -18.9% | 0.90% | −0.43 |
| META Meta Platforms Inc. Class A | Reduce -16.0% | 1.02% | −0.27 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -4.2% | 6.36% | −0.27 |
| CRM Salesforce Inc. | Reduce -2.1% | 0.83% | −0.21 |
| CB Chubb Ltd. | Reduce -1.9% | 0.90% | −0.10 |
| XLC SS Comm Select Sector SPDR | Reduce -3.9% | 8.08% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -2.0% | 1.09% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -1.5% | 1.02% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -1.6% | 0.84% | −0.06 |
| IEUR iShares Core MSCI Europe ETF | Reduce -1.4% | 1.26% | −0.06 |
| ORCL Oracle Corp. | Reduce -21.1% | 1.27% | −0.06 |
| VPL Vanguard Ftse Pacific ETF | Reduce -2.1% | 3.77% | −0.05 |
| MSFT Microsoft Corp. | Reduce -1.6% | 1.23% | −0.04 |
| AOR iShares Core 60/40 Balanced | Reduce -60.5% | 0.03% | −0.04 |
| WMT Walmart Inc. | Reduce -1.6% | 1.02% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -1.5% | 0.56% | −0.02 |
| PEP Pepsico Inc. | Reduce -2.2% | 0.83% | −0.02 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.01 |
| INDA iShares MSCI India ETF | Reduce -67.5% | 0.00% | −0.00 |
| DBP Invesco DB Precious Metals F | Sold out | 0.00% | −0.00 |
| EWN iShares MSCI Netherlands ETF | Sold out | 0.00% | −0.00 |
| EWT iShares MSCI Taiwan ETF | Reduce -57.6% | 0.00% | −0.00 |
| IWB iShares Russell 1000 ETF | Reduce -24.2% | 0.01% | −0.00 |
| ACWI iShares MSCI Acwi ETF | Reduce -6.5% | 0.03% | −0.00 |
| EWY iShares MSCI South Korea ETF | Reduce -57.8% | 0.00% | −0.00 |
| AOM iShares Core 40/60 Moderate | Sold out | 0.00% | −0.00 |
| AOK iShares Core 30/70 Conservat | Reduce -99.4% | 0.00% | −0.00 |
| SPSB SS SPDR P St C Corp. ETF | Sold out | 0.00% | −0.00 |
| VT Vanguard Tot World STK ETF | Reduce -62.9% | 0.00% | −0.00 |
| UNP Union Pacific Corp. | Reduce -66.7% | 0.00% | −0.00 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -23.8% | 0.00% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -31.4% | 0.00% | −0.00 |
| LLY Eli Lilly & Co. | Reduce -29.4% | 0.00% | −0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.00 |
| ABT Abbott Laboratories | Reduce -29.3% | 0.00% | −0.00 |
| ABBV Abbvie Inc. | Reduce -31.2% | 0.00% | −0.00 |
| ADBE Adobe Inc. | Reduce -38.5% | 0.00% | −0.00 |
| AMGN Amgen Inc. | Reduce -30.4% | 0.00% | −0.00 |
| BSX Boston Scientific Corp. | Reduce -31.3% | 0.00% | −0.00 |
| INTU Intuit Inc. | Reduce -33.3% | 0.00% | −0.00 |
| ISRG Intuitive Surgical Inc. | Reduce -37.5% | 0.00% | −0.00 |
| DBA Invesco DB Agriculture Fund | Reduce -0.3% | 0.00% | −0.00 |
| DVYA iShares Asia/Pacific Dividen | Reduce -73.8% | 0.00% | −0.00 |
| IAI iShares U.S. Broker-Dealers | Reduce -4.2% | 0.00% | −0.00 |
| JNJ Johnson & Johnson | Reduce -30.8% | 0.00% | −0.00 |
| MCK McKesson Corp. | Reduce -50.0% | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| IGM iShares Expanded Tech Sector | New | 5.26% | +5.26 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +95595.7% | 2.53% | +2.53 |
| SPGI S&P Global Inc. | Add +1139914.3% | 0.91% | +0.91 |
| IEI iShares 3-7 Year Treasury Bo | Add +13.8% | 3.23% | +0.23 |
| TLT iShares 20+ Year Treasury BD | Add +17.1% | 1.93% | +0.20 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +12.6% | 2.60% | +0.16 |
| TMO Thermo Fisher Scientific Inc. | Add +3.2% | 1.00% | +0.14 |
| IEF iShares 7-10 Year Treasury B | Add +13.9% | 1.69% | +0.13 |
| XLP SS Consumer Staples Sel Sect | Add +11.9% | 4.76% | +0.10 |
| VCIT Vanguard Int-Term Corporate | Add +10.4% | 1.35% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +9.7% | 0.19% | +0.02 |
| EWJ iShares MSCI Japan ETF | New | 0.01% | +0.01 |
| DBB Invesco DB Base Metals Fund | New | 0.00% | +0.00 |
| XLI SS Industrial Select Sector | New | 0.00% | +0.00 |
| GLDM SPDR Gold Minishares Trust | Add +7.9% | 0.00% | +0.00 |
| EWW iShares MSCI Mexico ETF | New | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +26.1% | 0.00% | +0.00 |
| NEE Nextera Energy Inc. | New | 0.00% | +0.00 |
| AEP American Electric Power | New | 0.00% | +0.00 |
| APP AppLovin Corp. Class A | New | 0.00% | +0.00 |
| CEG Constellation Energy | New | 0.00% | +0.00 |
| D Dominion Energy Inc. | New | 0.00% | +0.00 |
| DUK Duke Energy Corp. | Add +63.6% | 0.00% | +0.00 |
| MLPX Global X MLP & Energy Infras | Add +8.9% | 0.00% | +0.00 |
| DVYE iShares Emerging Markets Div | New | 0.00% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +5.5% | 0.00% | +0.00 |
| HOOD Robinhood Markets Inc. Class A | New | 0.00% | +0.00 |
| SRE Sempra | New | 0.00% | +0.00 |
| SO The Southern Co. | New | 0.00% | +0.00 |
| VST Vistra Corp. | New | 0.00% | +0.00 |
| XEL Xcel Energy Inc. | New | 0.00% | +0.00 |
| AFL Aflac Inc. | Add +10.0% | 0.00% | 0.00 |
| AES AES Corp. | New | 0.00% | 0.00 |
| AMD Advanced Micro Devices | Add +24.0% | 0.00% | 0.00 |
| LNT Alliant Energy Corp. | New | 0.00% | 0.00 |
| MO Altria Group Inc. | Add +13.1% | 0.00% | 0.00 |
| AEE Ameren Corporation | New | 0.00% | 0.00 |
| AXP American Express Co. | Add +8.3% | 0.00% | 0.00 |
| AWK American Water Works Co. Inc. | New | 0.00% | 0.00 |
| APH Amphenol Corp. Class A | Add +22.2% | 0.00% | 0.00 |
| ADI Analog Devices Inc. | Add +28.6% | 0.00% | 0.00 |
| AMAT Applied Materials Inc. | Add +33.3% | 0.00% | 0.00 |
| ADM Archer-Daniels-Midland Co. | Add +11.8% | 0.00% | 0.00 |
| ANET Arista Networks Inc. | Add +26.7% | 0.00% | 0.00 |
| ATO Atmos Energy Corp. | New | 0.00% | 0.00 |
| BAC Bank of America Corp. | Add +7.6% | 0.00% | 0.00 |
| WRB WR Berkley Corp. | Add +16.7% | 0.00% | 0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.0% | 0.00% | 0.00 |
| BRO Brown & Brown Inc. | Add +16.7% | 0.00% | 0.00 |
| BF.B Brown-Forman Corp. Class B | Add +16.7% | 0.00% | 0.00 |
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 |