Institutional Manager · CIK 0001351731

WestEnd Advisors, LLC

CHARLOTTE, NC · File #028-11741

Latest AUM

$4.29B

Positions

390

Top-10 Concentration

59.9%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	SELECT SECTOR SPDR TR SBI INT-	81369Y803	+1,364,441	+$196.4M	-$249.7M
REDUCE	ISHARES TR GLDM SACHS TEC	464287549	-960,787	-$124.1M	+$5.7M
NEW	ISHARES TR SANDP SMLCAP 600	464287804	+915,298	+$110.0M	$0
NEW	ISHARES TR ISHARES BIOTECH	464287556	+629,667	+$106.3M	$0
ADD	SELECT SECTOR SPDR TR SBI INT-	81369Y605	+1,819,341	+$99.6M	+$5.5M
ADD	SELECT SECTOR SPDR TR SBI INT-	81369Y886	+1,118,774	+$47.8M	-$55.2M
ADD	INTUIT	INTU	+58,481	+$38.7M	-$122
REDUCE	ORACLE CORP COM	ORCL-PD	-190,849	-$37.2M	-$16.6M
REDUCE	SELECT SECTOR SPDR TR	81369Y209	-194,594	-$30.1M	+$31.9M
REDUCE	SELECT SECTOR SPDR TR COMMUNIC	81369Y852	-133,396	-$15.7M	-$1.9M

Sector Allocation

6.2%$265.3M

2.9%$124.1M

2.2%$96.0M

1.8%$78.8M

Consumer Discretionary

1.1%$47.2M

Communication Services

0.9%$37.9M

Real Estate

0.6%$24.2M

Utilities

0.0%$28,954

Industrials

0.0%$1,623

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 2025390 pos · $4.29B
Oct 22, 202513F HOLDINGS REPORTQ/E Sep 2025390 pos · $4.28B
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 2025367 pos · $4.03B
Apr 25, 202513F HOLDINGS REPORTQ/E Mar 2025362 pos · $3.77B
Jan 28, 202513F HOLDINGS REPORTQ/E Dec 2024341 pos · $3.93B
Oct 25, 202413F HOLDINGS REPORTQ/E Sep 2024399 pos · $4.08B
Jul 29, 202413F HOLDINGS REPORTQ/E Jun 2024367 pos · $3.87B
May 7, 202413F HOLDINGS REPORTQ/E Mar 2024355 pos · $3.86B
Oct 19, 202313F HOLDINGS REPORTQ/E Dec 2023301 pos · $3.33B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SELECT SECTOR SPDR TR SBI INT-	81369Y803	3,174,950	$457.1M	10.65%
2	SELECT SECTOR SPDR TR SBI INT-	81369Y605	7,959,457	$435.9M	10.16%
3	SELECT SECTOR SPDR TR COMMUNIC	81369Y852	2,785,737	$327.9M	7.64%
4	SELECT SECTOR SPDR TR	81369Y209	1,846,668	$285.9M	6.66%
5	VANGUARD INTL EQUITY INDEX F A	922042775	3,741,888	$275.3M	6.41%
6	SELECT SECTOR SPDR TR SBI CONS	81369Y308	2,759,592	$214.4M	4.99%
7	VANGUARD INTL EQUITY INDEX F P	922042866	1,783,116	$161.2M	3.76%
8	ISHARES INC EMKTS ASIA IDX	464286426	1,692,428	$159.1M	3.71%
9	ISHARES TR LEHMAN 3-7 YR	464288661	1,173,042	$140.0M	3.26%
10	VANGUARD SCOTTSDALE FDS SHRT-T	92206C409	1,416,513	$112.9M	2.63%
11	SELECT SECTOR SPDR TR SBI CONS	81369Y407	927,927	$110.8M	2.58%
12	ISHARES TR SANDP SMLCAP 600	464287804	915,298	$110.0M	2.56%
13	ISHARES TR GLDM SACHS TEC	464287549	823,694	$106.4M	2.48%
14	ISHARES TR ISHARES BIOTECH	464287556	629,667	$106.3M	2.48%
15	SELECT SECTOR SPDR TR SBI INT-	81369Y886	2,358,990	$100.7M	2.35%
16	ISHARES TR 20 YR TRS BD	464287432	890,967	$77.7M	1.81%
17	ISHARES TR 7-10 YR TRS BD	464287440	757,078	$72.8M	1.70%
18	NVIDIA CORP	NVDA	342,999	$64.0M	1.49%
19	VANGUARD SCOTTSDALE FDS INT-TE	92206C870	695,121	$58.2M	1.36%
20	ALPHABET INC CAP STK CL A	GOOG	183,247	$57.4M	1.34%