WestEnd Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), WestEnd Advisors, LLC reported 389 stock positions worth $4.3 billion. Its top holding was SS Technology Select Sector (XLK) at 10.6% of the portfolio, followed by SS Financial Select Sector (XLF, 10.2%) and SS Comm Select Sector SPDR (XLC, 7.6%). Compared with Q3 2025, it opened 11 new positions, sold out of 12, added to 123 and reduced 168. The biggest buy was a new position in iShares Core S&P Small-Cap E (IJR) and the biggest sale iShares Expanded Tech Sector (IGM, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001351731
- Portfolio Value
- $4.3B (Q4 2025)
- SEC Filing
- 0001398344-26-001290 ↗ filed Jan 27, 2026
Holdings Value
Holdings 389 stocks · $4.3B
| XLK SS Technology Select Sector | 10.65% | 3,174,950 | $457.1M | Reduce -12.3% |
| XLF SS Financial Select Sector | 10.15% | 7,959,457 | $435.9M | Add +29.6% |
| XLC SS Comm Select Sector SPDR | 7.64% | 2,785,737 | $327.9M | Reduce -4.6% |
| XLV SS Health Care Select Sector | 6.66% | 1,846,668 | $285.9M | Reduce -9.5% |
| VEU Vanguard Ftse All-World Ex-U | 6.41% | 3,741,888 | $275.3M | Reduce -1.8% |
| XLP SS Consumer Staples Sel Sect | 4.99% | 2,759,592 | $214.4M | Add +6.3% |
| VPL Vanguard Ftse Pacific ETF | 3.75% | 1,783,116 | $161.2M | Reduce -2.9% |
| EEMA iShares MSCI Emerg MRKT Asia | 3.71% | 1,692,428 | $159.1M | Reduce -7.8% |
| IEI iShares 3-7 Year Treasury Bo | 3.26% | 1,173,042 | $140.0M | Add +1.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.63% | 1,416,513 | $112.9M | Add +1.9% |
| XLY SS Consumer Disc Select Sect | 2.58% | 927,927 | $110.8M | Reduce -51.0% |
| IJR iShares Core S&P Small-Cap E | 2.56% | 915,298 | $110.0M | New |
| IGM iShares Expanded Tech Sector | 2.48% | 823,694 | $106.4M | Reduce -53.8% |
| IBB iShares Biotechnology ETF | 2.48% | 629,667 | $106.3M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 2.35% | 2,358,990 | $100.7M | Reduce -4.9% |
| TLT iShares 20+ Year Treasury BD | 1.81% | 890,967 | $77.7M | Reduce -3.5% |
| IEF iShares 7-10 Year Treasury B | 1.70% | 757,078 | $72.8M | Add +0.8% |
| NVDA Nvidia Corp. | 1.49% | 342,999 | $64.0M | Reduce -3.6% |
| VCIT Vanguard Int-Term Corporate | 1.36% | 695,121 | $58.2M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 1.34% | 183,247 | $57.4M | Reduce -17.3% |
| IEUR iShares Core MSCI Europe ETF | 1.32% | 796,819 | $56.6M | Add +0.4% |
| AAPL Apple Inc. | 1.24% | 195,950 | $53.3M | Reduce -3.0% |
| JPM JPMorgan Chase & Co. | 1.21% | 161,557 | $52.1M | Reduce -3.5% |
| TMO Thermo Fisher Scientific Inc. | 1.18% | 87,646 | $50.8M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 1.10% | 204,420 | $47.2M | Reduce -3.6% |
| MSFT Microsoft Corp. | 1.10% | 97,520 | $47.2M | Reduce -3.8% |
| WMT Walmart Inc. | 1.06% | 408,759 | $45.5M | Reduce -3.4% |
| MDT Medtronic PLC | 1.04% | 466,375 | $44.8M | Add +0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.04% | 290,769 | $44.7M | Reduce -3.8% |
| MA Mastercard Inc. Class A | 1.03% | 77,266 | $44.1M | Add +0.4% |
| CB Chubb Ltd. | 0.95% | 130,888 | $40.9M | Reduce -3.6% |
| TXN Texas Instruments Inc. | 0.91% | 226,295 | $39.3M | Add +8.4% |
| SPGI S&P Global Inc. | 0.90% | 74,244 | $38.8M | Reduce -7.0% |
| INTU Intuit Inc. | 0.90% | 58,487 | $38.7M | Add +974683.3% |
| CRM Salesforce Inc. | 0.89% | 144,820 | $38.4M | Reduce -3.8% |
| META Meta Platforms Inc. Class A | 0.88% | 57,371 | $37.9M | Reduce -3.5% |
| PEP Pepsico Inc. | 0.77% | 231,450 | $33.2M | Reduce -8.4% |
| TMUS T-Mobile US Inc. | 0.68% | 144,310 | $29.3M | Reduce -3.4% |
| WELL Welltower Inc. | 0.56% | 130,631 | $24.2M | Reduce -3.7% |
| QCOM Qualcomm Inc. | 0.55% | 138,357 | $23.7M | Reduce -3.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.47% | 29,831 | $20.3M | Add +145.9% |
| AOR iShares Core 60/40 Balanced | 0.08% | 49,946 | $3.2M | Add +184.4% |
| ACWI iShares MSCI Acwi ETF | 0.04% | 11,076 | $1.6M | Add +2.9% |
| IGV iShares Expanded Tech-Softwa | 0.02% | 6,649 | $703K | Reduce -50.9% |
| IWB iShares Russell 1000 ETF | 0.01% | 1,168 | $436K | Add +30.2% |
| ORCL Oracle Corp. | 0.01% | 1,836 | $358K | Reduce -99.0% |
| EWJ iShares MSCI Japan ETF | 0.01% | 4,069 | $329K | Add +42.7% |
| INDA iShares MSCI India ETF | 0.01% | 4,016 | $217K | Add +231.1% |
| UNH Unitedhealth Group Inc. | 0.00% | 626 | $207K | Reduce -2.3% |
| GLDM SPDR Gold Minishares Trust | 0.00% | 2,263 | $193K | Reduce -12.3% |
| EWC iShares MSCI Canada ETF | 0.00% | 3,551 | $192K | New |
| EWT iShares MSCI Taiwan ETF | 0.00% | 2,150 | $137K | Add +67.7% |
| DBB Invesco DB Base Metals Fund | 0.00% | 5,121 | $117K | Reduce -4.4% |
| DBP Invesco DB Precious Metals F | 0.00% | 1,134 | $117K | New |
| EWY iShares MSCI South Korea ETF | 0.00% | 1,186 | $115K | Add +91.3% |
| IVV iShares Core S&P 500 ETF | 0.00% | 142 | $97K | Add +47.9% |
| IAI iShares U.S. Broker-Dealers | 0.00% | 493 | $88K | Reduce -2.4% |
| MLPX Global X MLP & Energy Infras | 0.00% | 1,356 | $82K | Add +7.8% |
| GOOG Alphabet Inc. Class C | 0.00% | 160 | $50K | Add +3.9% |
| XLE SS Energy Select Sector | 0.00% | 764 | $34K | Add +297.9% |
| ABBV Abbvie Inc. | 0.00% | 138 | $32K | Add +160.4% |
| PG The Procter & Gamble Co. | 0.00% | 216 | $31K | Add +1.4% |
| VCLT Vanguard Long-Term Corp. Bond | 0.00% | 402 | $30K | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.00% | 59 | $30K | Add +40.5% |
| VT Vanguard Tot World STK ETF | 0.00% | 196 | $28K | Add +161.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.00% | 511 | $28K | Add +1.0% |
| AVGO Broadcom Inc. | 0.00% | 78 | $27K | Reduce -10.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.00% | 76 | $24K | New |
| GS Goldman Sachs Group Inc. | 0.00% | 27 | $24K | Add +12.5% |
| LLY Eli Lilly & Co. | 0.00% | 22 | $24K | Reduce -8.3% |
| MRK Merck & Co. Inc. | 0.00% | 206 | $22K | Reduce -3.3% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.00% | 235 | $19K | Reduce -1.3% |
| V Visa Inc. Class A | 0.00% | 54 | $19K | Add +38.5% |
| COST Costco Wholesale Corp. | 0.00% | 19 | $16K | No change |
| MBB iShares MBS ETF | 0.00% | 164 | $16K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.00% | 41 | $14K | Add +2.5% |
| JNJ Johnson & Johnson | 0.00% | 65 | $13K | Reduce -9.7% |
| AMGN Amgen Inc. | 0.00% | 41 | $13K | Add +156.3% |
| TSLA Tesla Inc. | 0.00% | 29 | $13K | Reduce -48.2% |
| NFLX Netflix Inc. | 0.00% | 135 | $13K | Reduce -3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.00% | 222 | $12K | Add +42.3% |
| GILD Gilead Sciences Inc. | 0.00% | 96 | $12K | Add +159.5% |
| KO The Coca-Cola Co. | 0.00% | 164 | $11K | Add +0.6% |
| PM Philip Morris International | 0.00% | 66 | $11K | Add +1.5% |
| DUK Duke Energy Corp. | 0.00% | 89 | $10K | Reduce -1.1% |
| WFC Wells Fargo & Co. | 0.00% | 104 | $10K | Add +42.5% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.00% | 104 | $9K | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.00% | 19 | $9K | Add +171.4% |
| NEE Nextera Energy Inc. | 0.00% | 89 | $7K | Reduce -6.3% |
| C Citigroup Inc. | 0.00% | 60 | $7K | Add +39.5% |
| MS Morgan Stanley | 0.00% | 39 | $7K | Add +39.3% |
| TFLO iShares Treasury Floating Ra | 0.00% | 135 | $7K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.00% | 59 | $7K | No change |
| AXP American Express Co. | 0.00% | 18 | $7K | Add +38.5% |
| PLTR Palantir Technologies Inc. Class A | 0.00% | 37 | $7K | Reduce -9.8% |
| DHR Danaher Corp. | 0.00% | 28 | $6K | Add +47.4% |
| ABT Abbott Laboratories | 0.00% | 47 | $6K | Reduce -11.3% |
| T AT&T Inc. | 0.00% | 229 | $6K | Reduce -3.0% |
| ISRG Intuitive Surgical Inc. | 0.00% | 10 | $6K | No change |
| AMD Advanced Micro Devices | 0.00% | 26 | $6K | Reduce -16.1% |
Portfolio Sells Q3 2025 → Q4 2025
| IGM iShares Expanded Tech Sector | Reduce -53.8% | 2.48% | −2.78 |
| XLY SS Consumer Disc Select Sect | Reduce -51.0% | 2.58% | −2.73 |
| XLK SS Technology Select Sector | Reduce -12.3% | 10.65% | −1.29 |
| ORCL Oracle Corp. | Reduce -99.0% | 0.01% | −1.26 |
| XLC SS Comm Select Sector SPDR | Reduce -4.6% | 7.64% | −0.44 |
| EEMA iShares MSCI Emerg MRKT Asia | Reduce -7.8% | 3.71% | −0.23 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -4.9% | 2.35% | −0.18 |
| TMUS T-Mobile US Inc. | Reduce -3.4% | 0.68% | −0.15 |
| META Meta Platforms Inc. Class A | Reduce -3.5% | 0.88% | −0.14 |
| MSFT Microsoft Corp. | Reduce -3.8% | 1.10% | −0.13 |
| TLT iShares 20+ Year Treasury BD | Reduce -3.5% | 1.81% | −0.12 |
| NVDA Nvidia Corp. | Reduce -3.6% | 1.49% | −0.06 |
| PEP Pepsico Inc. | Reduce -8.4% | 0.77% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -3.5% | 1.21% | −0.02 |
| IGV iShares Expanded Tech-Softwa | Reduce -50.9% | 0.02% | −0.02 |
| VPL Vanguard Ftse Pacific ETF | Reduce -2.9% | 3.75% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -3.3% | 0.55% | −0.01 |
| SPGI S&P Global Inc. | Reduce -7.0% | 0.90% | −0.00 |
| DBA Invesco DB Agriculture Fund | Sold out | 0.00% | −0.00 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.00 |
| UNH Unitedhealth Group Inc. | Reduce -2.3% | 0.00% | −0.00 |
| EWW iShares MSCI Mexico ETF | Sold out | 0.00% | −0.00 |
| TSLA Tesla Inc. | Reduce -48.2% | 0.00% | −0.00 |
| WELL Welltower Inc. | Reduce -3.7% | 0.56% | −0.00 |
| HD Home Depot Inc. | Reduce -47.4% | 0.00% | −0.00 |
| NFLX Netflix Inc. | Reduce -3.6% | 0.00% | −0.00 |
| UNP Union Pacific Corp. | Reduce -72.0% | 0.00% | −0.00 |
| GLDM SPDR Gold Minishares Trust | Reduce -12.3% | 0.00% | −0.00 |
| AES AES Corp. | Reduce -3.1% | 0.00% | 0.00 |
| T AT&T Inc. | Reduce -3.0% | 0.00% | 0.00 |
| ABT Abbott Laboratories | Reduce -11.3% | 0.00% | 0.00 |
| ADBE Adobe Inc. | Reduce -12.5% | 0.00% | 0.00 |
| AMD Advanced Micro Devices | Reduce -16.1% | 0.00% | 0.00 |
| ABNB Airbnb Inc. Class A | Reduce -55.6% | 0.00% | 0.00 |
| AEP American Electric Power | Reduce -8.0% | 0.00% | 0.00 |
| COR Cencora Inc. | Reduce -16.7% | 0.00% | 0.00 |
| APH Amphenol Corp. Class A | Reduce -9.1% | 0.00% | 0.00 |
| ADI Analog Devices Inc. | Reduce -11.1% | 0.00% | 0.00 |
| ELV Elevance Health Inc. | Reduce -14.3% | 0.00% | 0.00 |
| AMAT Applied Materials Inc. | Reduce -18.8% | 0.00% | 0.00 |
| APP AppLovin Corp. Class A | Reduce -20.0% | 0.00% | 0.00 |
| ANET Arista Networks Inc. | Reduce -15.8% | 0.00% | 0.00 |
| ADSK Autodesk Inc. | Reduce -25.0% | 0.00% | 0.00 |
| BAX Baxter International Inc. | Reduce -13.3% | 0.00% | 0.00 |
| BDX Becton Dickinson and Co. | Reduce -22.2% | 0.00% | 0.00 |
| BBY Best Buy Co. Inc. | Reduce -50.0% | 0.00% | 0.00 |
| BSX Boston Scientific Corp. | Reduce -13.6% | 0.00% | 0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -13.1% | 0.00% | 0.00 |
| AVGO Broadcom Inc. | Reduce -10.3% | 0.00% | 0.00 |
| CDW CDW Corp. | Reduce -33.3% | 0.00% | 0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| IJR iShares Core S&P Small-Cap E | New | 2.56% | +2.56 |
| IBB iShares Biotechnology ETF | New | 2.48% | +2.48 |
| XLF SS Financial Select Sector | Add +29.6% | 10.15% | +2.42 |
| INTU Intuit Inc. | Add +974683.3% | 0.90% | +0.90 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +145.9% | 0.47% | +0.28 |
| XLP SS Consumer Staples Sel Sect | Add +6.3% | 4.99% | +0.23 |
| IEUR iShares Core MSCI Europe ETF | Add +0.4% | 1.32% | +0.05 |
| AOR iShares Core 60/40 Balanced | Add +184.4% | 0.08% | +0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +1.9% | 2.63% | +0.03 |
| IEI iShares 3-7 Year Treasury Bo | Add +1.5% | 3.26% | +0.03 |
| TXN Texas Instruments Inc. | Add +8.4% | 0.91% | +0.02 |
| MDT Medtronic PLC | Add +0.3% | 1.04% | +0.01 |
| EWC iShares MSCI Canada ETF | New | 0.00% | +0.00 |
| INDA iShares MSCI India ETF | Add +231.1% | 0.01% | +0.00 |
| MA Mastercard Inc. Class A | Add +0.4% | 1.03% | +0.00 |
| VCIT Vanguard Int-Term Corporate | Add +1.1% | 1.36% | +0.00 |
| DBP Invesco DB Precious Metals F | New | 0.00% | +0.00 |
| IWB iShares Russell 1000 ETF | Add +30.2% | 0.01% | +0.00 |
| EWJ iShares MSCI Japan ETF | Add +42.7% | 0.01% | +0.00 |
| ACWI iShares MSCI Acwi ETF | Add +2.9% | 0.04% | +0.00 |
| EWY iShares MSCI South Korea ETF | Add +91.3% | 0.00% | +0.00 |
| EWT iShares MSCI Taiwan ETF | Add +67.7% | 0.00% | +0.00 |
| IEF iShares 7-10 Year Treasury B | Add +0.8% | 1.70% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +47.9% | 0.00% | +0.00 |
| XLE SS Energy Select Sector | Add +297.9% | 0.00% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.00% | +0.00 |
| ABBV Abbvie Inc. | Add +160.4% | 0.00% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +161.3% | 0.00% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +3.9% | 0.00% | +0.00 |
| AMGN Amgen Inc. | Add +156.3% | 0.00% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +40.5% | 0.00% | +0.00 |
| GILD Gilead Sciences Inc. | Add +159.5% | 0.00% | +0.00 |
| AXP American Express Co. | Add +38.5% | 0.00% | +0.00 |
| BAC Bank of America Corp. | Add +42.3% | 0.00% | +0.00 |
| C Citigroup Inc. | Add +39.5% | 0.00% | +0.00 |
| DHR Danaher Corp. | Add +47.4% | 0.00% | +0.00 |
| MLPX Global X MLP & Energy Infras | Add +7.8% | 0.00% | +0.00 |
| GS Goldman Sachs Group Inc. | Add +12.5% | 0.00% | +0.00 |
| MS Morgan Stanley | Add +39.3% | 0.00% | +0.00 |
| REGN Regeneron Pharmaceuticals | Add +133.3% | 0.00% | +0.00 |
| VRTX Vertex Pharmaceuticals Inc. | Add +171.4% | 0.00% | +0.00 |
| V Visa Inc. Class A | Add +38.5% | 0.00% | +0.00 |
| WFC Wells Fargo & Co. | Add +42.5% | 0.00% | +0.00 |
| AFL Aflac Inc. | Add +36.4% | 0.00% | 0.00 |
| A Agilent Technologies Inc. | Add +33.3% | 0.00% | 0.00 |
| ALL Allstate Corp. | Add +50.0% | 0.00% | 0.00 |
| MO Altria Group Inc. | Add +4.3% | 0.00% | 0.00 |
| AIG American International Group | Add +38.5% | 0.00% | 0.00 |
| AMP Ameriprise Financial Inc. | Add +50.0% | 0.00% | 0.00 |
| APO Apollo Global Management Inc. | Add +50.0% | 0.00% | 0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| GE General Electric | COM NEW | New | 0 | $0 |
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 |